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Cable Update (GBPUSD)

  • #342,141
  • Jun 5, 2013 3:18am Jun 5, 2013 3:18am
@ recent 5376 Hi is 61.8% 5606-5006, ...Just above 5376 Hi is Daily R2 and Weekly R2 and of course a previous 4hr swing hi zone runs to 5384...stronger offers are reported to 5380 ?

See what the Uk services Pmi does.

G/L
ex member
  • #342,142
  • Jun 5, 2013 3:25am Jun 5, 2013 3:25am
Quoting bbmac
@ recent 5376 Hi is 61.8% 5606-5006, ...Just above 5376 Hi is Daily R2 and Weekly R2 and of course a previous 4hr swing hi zone runs to 5384...stronger offers are reported to 5380 ? See what the Uk services Pmi does. G/L

i just hope the news will produce a better sentiment. the corrections and congestion is killing me!! and the US is producing too many conflicting signals imo..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,143
  • Jun 5, 2013 3:33am Jun 5, 2013 3:33am
Quoting forex guru
Currently ranges between 50 and 61.8 Fibo good entry will be 1.5310 with a target 40-50 pips {image}
HIT TP +50pips
  • #342,144
  • Jun 5, 2013 3:36am Jun 5, 2013 3:36am
Short 5365 SL 5465 TP 5240
  • #342,145
  • Jun 5, 2013 3:36am Jun 5, 2013 3:36am
Quoting baherhosni
{quote} i just hope the news will produce a better sentiment. the corrections and congestion is killing me!! and the US is producing too many conflicting signals imo..

usd has travelled very high up..had a brillant news reports..it just doesnt get any better..if it fails to grow..people will sell it like no tomorrow..
trade safe
  • #342,146
  • Jun 5, 2013 3:38am Jun 5, 2013 3:38am
Quoting nAVIN2007
{quote} usd has travelled very high up..had a brillant news reports..it just doesnt get any better..if it fails to grow..people will sell it like no tomorrow.. trade safe

remember this chart
it is awaiting something which will produce a sell off

Quoting nAVIN2007
{quote} yes u right.. but watch meh, this area is not a joke for usd.. we will look back at this chart in a few months {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdxmonthly.png Size: 69 KB
  • #342,147
  • Jun 5, 2013 3:53am Jun 5, 2013 3:53am
Quoting nAVIN2007
{quote} remember this chart it is awaiting something which will produce a sell off {quote} {image}
Nice chart, looking at the chart you should be right regarding the sell off. Thanks for posting it
  • #342,148
  • Jun 5, 2013 3:59am Jun 5, 2013 3:59am
...better than forecast U.K data sees knee-jerk upside react then encounters supply at that previous 1hr/4hr swing hi leading up to 5376 current weekly hi/61.8% 5606-5006...strong offers to 5380 reported then more could be at 5400 ? Daily R3 at 5415 - reports of 'strong resistance' @ 5413 - but can't see what this ?

G/L
ex member
  • #342,149
  • Jun 5, 2013 4:23am Jun 5, 2013 4:23am
Quoting nAVIN2007
{quote} remember this chart it is awaiting something which will produce a sell off {quote} {image}
While I can't discount the "possibility" of that sell off, (noise can make anything happen), all I see "so far" on weekly is a perfect test of the breakout area.

In this "news driven" market, I don't think we can look at monthly charts (especially at the beginning of the month), for "predicting" future moves. NFP can change everything....lol Be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxweekly.png Size: 45 KB
Ghost Rider - WWTBMD?
  • #342,150
  • Jun 5, 2013 4:32am Jun 5, 2013 4:32am
Quoting albchr
{quote} While I can't discount the "possibility" of that sell off, (noise can make anything happen), all I see "so far" on weekly is a perfect test of the breakout area. In this "news driven" market, I don't think we can look at monthly charts (especially at the beginning of the month), for "predicting" future moves. NFP can change everything....lol Be careful. {image}

im always careful
  • #342,151
  • Jun 5, 2013 4:37am Jun 5, 2013 4:37am
come form office and found the cable already jump. Cable touch close to 61.8 Fibo , if it is the first touch..... it is good place to shorts but it will be visited for second time and i am not sure if it will bounced here,,,,,
Attached Image (click to enlarge)
Click to Enlarge Name: Touch Important Fibo.png Size: 32 KB
  • #342,152
  • Jun 5, 2013 4:43am Jun 5, 2013 4:43am
Quoting nAVIN2007
{quote} im always careful
lol...yeah, I guess waiting another year is careful

Good to see you bro!
Ghost Rider - WWTBMD?
  • #342,153
  • Jun 5, 2013 4:53am Jun 5, 2013 4:53am
I am bear today. why? cause we are at 61.8 fibo level second time this week 5377 was not broken. so i think its time to sell the pound and take solid profits at 5230 level. why are u considering that clear fact. for me its now very clear. the down trend will continue.
  • #342,154
  • Jun 5, 2013 4:54am Jun 5, 2013 4:54am
look at aussie dollar. it is going down down down. the aussie is stronger than pound. so got it?
  • #342,155
  • Jun 5, 2013 5:00am Jun 5, 2013 5:00am
Quoting nAVIN2007
{quote} remember this chart it is awaiting something which will produce a sell off {quote} {image}
My same observations on May 18th

http://www.forexfactory.com/showthre...64#post6689664
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,156
  • Jun 5, 2013 5:00am Jun 5, 2013 5:00am
Quoting albchr
{quote} lol...yeah, I guess waiting another year is careful Good to see you bro!


u too man
  • #342,157
  • Jun 5, 2013 5:04am Jun 5, 2013 5:04am
Quoting Trader88q
I am bear today. why? cause we are at 61.8 fibo level second time this week 5377 was not broken. so i think its time to sell the pound and take solid profits at 5230 level. why are u considering that clear fact. for me its now very clear. the down trend will continue.

Is it not better to wait for the US data this afternoon?
Stick to your plan and you will be successful !!!
  • #342,158
  • Jun 5, 2013 5:07am Jun 5, 2013 5:07am
Quoting MultiLion
{quote} Is it not better to wait for the US data this afternoon?
maybe yes its better, but u can miss strong flow down. cause when it will go to 5300 it will be too late to short. so i want to be the first bear today
Attached Image (click to enlarge)
Click to Enlarge Name: Grin_and_Bear_It-1600x1200.jpg Size: 166 KB
  • #342,159
  • Jun 5, 2013 5:07am Jun 5, 2013 5:07am
aussie is stronger than pound

not really lol

Quoting Trader88q
look at aussie dollar. it is going down down down. the aussie is stronger than pound. so got it?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,160
  • Jun 5, 2013 5:11am Jun 5, 2013 5:11am
lol im very concerned for aussie ,if that support goes this week ,anyway I thinks thats the intention
Attached Image (click to enlarge)
Click to Enlarge Name: audlfxmonthly 5-6-13.png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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