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Thread: GBP/USD outlook

  1. #11
    Quote Originally Posted by ;
    I wouldn't be at all surprised to reach 6150 - 62 then plunge to 60
    Perhaps codswallup, looks like a repeat of Friday last week perhaps, pushing higher, simply to near towards ending of the day. May remain within the current descending channel and push towards support at 60. 59 area could be marvelous.

  2. #12
    I am selling with a TP in 60 and see possibility of 59 area if we get a firm close below 61. I will be hedged with this sell.

  3. #13
    obtained some good confluence with 1.6 whole variety and 1.59 area/38.2 fib with current descending 4hr TL and ascending enthusiast traces.
    That concealed bullish divergence just looks to be getting stronger as we all descend.
    Let's see whether she plays...

  4. #14
    Hello ill-be-back,

    yes I tend to agree ,I was more likely for one-fifth whilst the remaining portion of the money flow was looking for safty in the doller and some yen .but cable never actually looked like slipping . I guess that the pound overall looks a better place to be than euros.

    I wouldnt be surprized to watch cable first 16130 to 40 degree during london,but with so much unknown in euro crisis its somwhat a game of russian roulette.

  5. #15
    Quote Originally Posted by ;
    hello ill-be-back,

    yes I tend to agree ,I was more likely for one-fifth whilst the remaining portion of the cash flow was searching for safty in the doller and some yen .but cable never actually looked like slipping . I guess the pound overall seems a better place to be than euros.

    I wouldnt be surprized to watch cable at initially 16130 to 40 level during london,but with so much unknown in euro crisis its somwhat a game of russian roulette.
    Hi Dice, how's your trading moving?
    To be truthful, I don't use an ounce of fundies to trading. I just trade cable, and pure technicals. I really do take an interest in picture fundies without getting bogged down in any details. This grinding bearish PA against the TF overall bullish trend hints for me she's a purpose in mind. I feel it is 59 area at the 38.2 fib and strong support but I really do expect another reaction at 60 because of some support there and whole amount and above mentioned confluence. Of course if she goes north big time out of here....
    With Europe, there have been numerous play calls and panic attacks, everyone should be out from there with there money by now. I believe another round of QE is coming and this will keep things afloat. However, this has no bearing on my trading. I will become a large time bear if and if the charts tell me and not a minute earlier.

  6. #16
    Here's a nice weekly chart.
    It shows a clearly broken TL in confluence with my 2 favourite moving averages, the 200SMA and 55EMA and the 38.2 fib in 1.59 area.
    I'm shorting down to this area hoping to take a little profit at 1.6.


  7. #17
    Weren't to far away from are ideas on cable,159 as you indie is the decrease station level in my daily.which I also hope to see,

    im intraday and presently obtained long on cable as it seems to want to retest top station in my daily 16150 ish,

    yes my trading is going very well thanks,I commerce p/a ,point to point.

    Great trading

  8. #18

  9. #19

  10. #20
    Ok, we have struck that 38.2 enthusiast and pierced the descending channel.
    Will wait and watch if/when I get a method entrance. I really don't think it will happen with this pressure. Holding hedge for now and watching 1.59/50 enthusiast.

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