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Cable Update (GBPUSD)

  • #341,441
  • May 22, 2013 4:26am May 22, 2013 4:26am
Intraday sentiment is certainly bearish overall so far today...1hr and 4hr remain in general opa (Overall price Action) downtrends, and whilst daily and weekly look more bearish than bullish - re technical opa analysis re range or trend they are more rangy than strongly trending.

Whatever, If I was long I'd want my stop below 5025 or a more aggressive stop below the reported bids at 5050....have seen that previously discussed 5032-25 area mentioned as 'key technical support' elsewhere today. Make of it what you will.

Weekly and Daily S1 in the vicinity of the current daily lo.

G/L
ex member
  • #341,442
  • May 22, 2013 4:52am May 22, 2013 4:52am
Intraday still bearish with primary target at around 1.4800.
  • #341,443
  • May 22, 2013 5:07am May 22, 2013 5:07am
Quoting Danny Maina
Intraday still bearish with primary target at around 1.4800.
Yeah, I agree. But we still have to look out for the breakout from the 1.5025 support level.
Knowledge is powerful tool that we can ever have.
  • #341,444
  • May 22, 2013 5:07am May 22, 2013 5:07am
Quoting Danny Maina
Intraday still bearish with primary target at around 1.4800.
no primary target 1.45. just short 5100 and wait with no SL. dont use SL even if 5200 or 5300. wait 1.45 cause its primary target
  • #341,445
  • May 22, 2013 5:13am May 22, 2013 5:13am
Quoting Trader88q
{quote} no primary target 1.45. just short 5100 and wait with no SL. dont use SL even if 5200 or 5300. wait 1.45 cause its primary target
I can see that you have changed your mind and now, you are going short on cable.
  • #341,446
  • Edited 5:47am May 22, 2013 5:35am | Edited 5:47am
Quoting fontu
Morning , just update , strong pressure still downside eu but some crazy also working in this rangy week as expected before , trying correction but should fail or thought so & real try correction should be next week or not at all if fail. Gu doing very well & more & great area of action/precaution remain 4900, above or below action /bounce should be continuation down . eu , crazy actually yesterday for correction , broken 2935 , so should try 2955 , previous top 3029 but one limit there 3033 may not break this time . That here also target still...
Good going all . eu, eurgbp taking some gold correction advantages , ok for a limited period to me & probably preparing for great down at the same time , unlike gu, as it can proof better quality in the long run .
fontu

sorry , just see my attachments not there !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 37 KB
Click to Enlarge Name: gbpusddaily.png Size: 29 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,447
  • May 22, 2013 6:10am May 22, 2013 6:10am
Quoting chazzle
{quote} cool - I personally don't bet on these big levels breaking,I haven't got the patience. But I would bet on them being tested, and bet on bounces on the test good luck {image}
Bit of news took us to to 5100 pretty quick looks like it will mess around here for a while. We will see.
  • #341,448
  • May 22, 2013 6:22am May 22, 2013 6:22am
GBP/USD found strong support at 1.5088 after slipping post Retail Sales figures. The figure came out at worse than expected at 0.5% compared to consensus of 2% as a result the rate fell from 1.5123 to current 1.5088.
  • #341,449
  • May 22, 2013 6:45am May 22, 2013 6:45am
It went slightly off my support. But I didn't place a Buy Order as 1.5092 (S2 Weekly) and 1.5082 (S1 Daily) are too close to my previous buy (1.5118). I'd place a Buy Limit at 1.504 (S2 Monthly).

I think it was the bottom. If H8 and D1 manage to close above 1.5126 I'll be happy
Make it simple, but not simpler - Einstein
  • #341,450
  • May 22, 2013 6:57am May 22, 2013 6:57am
Quoting fontu
{quote} Good going all . eu, eurgbp taking some gold correction advantages , ok for a limited period to me & probably preparing for great down at the same time , unlike gu, as it can proof better quality in the long run . fontu sorry , just see my attachments not there ! {image} {image}

i agree very much..

thank you very much too..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,451
  • May 22, 2013 6:59am May 22, 2013 6:59am
Quoting Ri Dwe
It went slightly off my support. But I didn't place a Buy Order as 1.5092 (S2 Weekly) and 1.5082 (S1 Daily) are too close to my previous buy (1.5118). I'd place a Buy Limit at 1.504 (S2 Monthly). I think it was the bottom. If H8 and D1 manage to close above 1.5126 I'll be happy
may be you will be happier if thus month closes above 5230
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,452
  • May 22, 2013 7:03am May 22, 2013 7:03am
Quoting kiss
try again Every thing one needs to know about the pound till one dies {image}
very nice chart. It is exactly the same as what I see. 2014-2015 we will see Cable at 1.4, 1.1 or slightly below parity. The Aftershock to 2008 Crisis.

But this year I think it will retest the upperband up to 1.60 at first attempt and 1.62-1.64 at second. If it manages to hover around there, it is possible that it will make a false breakout to 1.67. Just like what it did down there two months ago, as the real support was 1.5080-1.5260 (look we're hovering around this band again right now)
Make it simple, but not simpler - Einstein
  • #341,453
  • May 22, 2013 7:06am May 22, 2013 7:06am
Quoting baherhosni
{quote} may be you will be happier if thus month closes above 5230
I don't think so .. I'll be happier if it breaks 1.53 before end of the month. Time is not my enemy, but the sooner the better
Make it simple, but not simpler - Einstein
  • #341,454
  • May 22, 2013 9:04am May 22, 2013 9:04am
f. i am shorting GBP at 5080 level TP 5000. i think GBP will down tomorow to 4800
i am very sure that GBP will drop more to 1.480

f.f.f

i will win
  • #341,455
  • May 22, 2013 9:07am May 22, 2013 9:07am
Quoting Trader88q
f. i am shorting GBP at 5080 level TP 5000. i think GBP will down tomorow to 4800 i am very sure that GBP will drop more to 1.480 f.f.f i will win
Yes, cable is going up
  • #341,456
  • May 22, 2013 9:09am May 22, 2013 9:09am
Quoting Maso
{quote} Yes, cable is going up

i think that short in any point. it will return back. use 100% and dont worry. dont use SL. ok
100% 1.480 tomorow
  • #341,457
  • May 22, 2013 9:20am May 22, 2013 9:20am
Quoting Trader88q
{quote} i think that short in any point. it will return back. use 100% and dont worry. dont use SL. ok 100% 1.480 tomorow
I dun think so..

Just Wait for Day close ---> I bias not under 1.5125 - 30

I'm waiting for 3 hills and a mountain in daily chart ^ ^
  • #341,458
  • May 22, 2013 9:24am May 22, 2013 9:24am
Quoting Trader88q
{quote} i think that short in any point. it will return back. use 100% and dont worry. dont use SL. ok 100% 1.480 tomorow
I don't think so. This level is far from now.
  • #341,459
  • May 22, 2013 9:27am May 22, 2013 9:27am
Quoting Trader88q
{quote} i think that short in any point. it will return back. use 100% and dont worry. dont use SL. ok 100% 1.480 tomorow
Yes you're right man
Look at the chart huh its too hard droping now
  • #341,460
  • May 22, 2013 9:33am May 22, 2013 9:33am
Go go go down. Need to waith 2 hours and 5000
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