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Cable Update (GBPUSD)

  • #341,761
  • May 28, 2013 8:10am May 28, 2013 8:10am
Quoting Mr.C
Round number 2 with coffee in my hands. Preparing EUR/USD and GBP/USD longs. Need a pullback south!

Leaving my desk for couple of hours with 2 pending buy orders: EU @ 1,2917 & cable @ 1,5095.
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  • #341,762
  • May 28, 2013 8:15am May 28, 2013 8:15am
Strong support at 1.5088, however USD index looks like strengthening.
  • #341,763
  • May 28, 2013 8:19am May 28, 2013 8:19am
Who will tap Out ...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1-2.png Size: 70 KB
  • #341,764
  • May 28, 2013 8:26am May 28, 2013 8:26am
Quoting Mr.C
{quote} Leaving my desk for couple of hours with 2 pending buy orders: EU @ 1,2917 & cable @ 1,5095.

EU activated. Canceling cable.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #341,765
  • May 28, 2013 8:29am May 28, 2013 8:29am
Quoting Mr.C
{quote} EU activated. Canceling cable.
It seems that cable is ready for a big fall...
  • #341,766
  • May 28, 2013 8:35am May 28, 2013 8:35am
5150 will give a push down, not before that.
Intraday only.
  • #341,767
  • May 28, 2013 8:39am May 28, 2013 8:39am
Quoting navk
5150 will give a push down, not before that.

It has been touched before.
  • #341,768
  • May 28, 2013 8:43am May 28, 2013 8:43am
Quoting Mr.C
Round number 2 with coffee in my hands. Preparing EUR/USD and GBP/USD longs. Need a pullback south!
Take me on when you boarding North
  • #341,769
  • May 28, 2013 8:44am May 28, 2013 8:44am
10 AM EST news will tell what it wants to do.
Intraday only.
  • #341,770
  • May 28, 2013 8:46am May 28, 2013 8:46am
Quoting Maso
{quote} It seems that cable is ready for a big fall...
Love to hear why that
  • #341,771
  • May 28, 2013 8:46am May 28, 2013 8:46am
Quoting ForexRatVN
{quote} Take me on when you boarding North
Hey mate! I'm always a patient trader .
  • #341,772
  • May 28, 2013 8:48am May 28, 2013 8:48am
Quoting fxtyrant
I am seeing something AMAZING.... Navin, Ill-b-back, remember this chart i posted maybe like a week ago about how you misinterpreted the change of trend on the Monthly chart, and that we are in a bearish channel? JUST WOW...Look at the trendlines plotted on Monthly, Zoomed into weekly and see where we bounced off last week's candle....this channel looks valid.... {image}{image}
I did see this a few days ago too, but...

Can I just say...

Right. But looking at such a big wide thing... how can someone know how to draw the line propery? I mean, if you try to adjust the channel lines and just give it this or that inclination or high/low points, you can easily end up getting it hundreds of pips wrong. Hard to deal with that in terms of day-to-day basis.
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  • #341,773
  • May 28, 2013 8:54am May 28, 2013 8:54am
Quoting Maso
{quote} Hey mate! I'm always a patient trader .
Wait when we are on the queue , and jump when the queue is too crowd if you don't want to miss the express train
  • #341,774
  • May 28, 2013 9:08am May 28, 2013 9:08am
Quoting ForexRatVN
{quote} Wait when we are on the queue , and jump when the queue is too crowd if you don't want to miss the express train
The cable felt as I predicted the target is below 1.50
  • #341,775
  • May 28, 2013 9:11am May 28, 2013 9:11am
Quoting Maso
{quote} The cable felt as I predicted the target is below 1.50
1.5030 is turning point to the North
  • #341,776
  • May 28, 2013 9:14am May 28, 2013 9:14am
Quoting ForexRatVN
{quote} 1.5030 is turning point to the North
Even this week we will see 1.47.
  • #341,777
  • May 28, 2013 9:15am May 28, 2013 9:15am
Quoting fxtyrant
I am seeing something AMAZING.... Navin, Ill-b-back, remember this chart i posted maybe like a week ago about how you misinterpreted the change of trend on the Monthly chart, and that we are in a bearish channel? JUST WOW...Look at the trendlines plotted on Monthly, Zoomed into weekly and see where we bounced off last week's candle....this channel looks valid.... {image}{image}
Could be brother, I'd like to see a double bottom perhaps this week fingers X'ed.

Past midnight here, off to bed
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Come with me if you want to live....
  • #341,778
  • May 28, 2013 9:34am May 28, 2013 9:34am
Cable is waiting for somebody to load long positions and then, fall more and more and more
  • #341,779
  • May 28, 2013 9:38am May 28, 2013 9:38am
Quoting Maso
{quote} Even this week we will see 1.47.
Very likely, but revisit 15100 from 15030 is possible too. Then I don't know yet
  • #341,780
  • Edited 10:41am May 28, 2013 9:40am | Edited 10:41am
Quoting ForexRatVN
{quote}Very likely, but revisit 15100 from 15030 is possible too. Then I don't know yet
Cable is sinking even non-stop to touch 1.45 area. Let see!
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