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Cable Update (GBPUSD)

  • #342,821
  • Jun 17, 2013 3:53pm Jun 17, 2013 3:53pm
have several shorts for action at 5780 5790 58
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In trading, you have to be defensive and aggressive at the same time
  • #342,822
  • Jun 17, 2013 4:29pm Jun 17, 2013 4:29pm
Man, still some life in the old girl yet huh.



Just.....
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Come with me if you want to live....
  • #342,823
  • Jun 17, 2013 4:58pm Jun 17, 2013 4:58pm
well I wasn't looking for that rising tl lol anyway as I read the daily you see a bearish formation poss not complete ,

that I would feel very confident if it breaks north it will fail at this point


Quoting albchr
{quote} lol...you have to steer clear of the low TF's in these conditions. Why worry?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,824
  • Jun 17, 2013 5:21pm Jun 17, 2013 5:21pm
Quoting nAVIN2007
{quote} yeah was for me also on demo but live different story for me btw i reduced meh longs on cable and am heavier on the short now
looks like ur not confident on pound or what? did u see it is falling? no Nav not u
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #342,825
  • Jun 17, 2013 11:15pm Jun 17, 2013 11:15pm
Morning all,

hold my long positions
If there was easy money lying around,no one would be forcing it into your
  • #342,826
  • Edited 11:43pm Jun 17, 2013 11:25pm | Edited 11:43pm
Ok bull bear fight at it's peak. gold at it's support & need break this 1380 & hold too for the bear consistency next , otherwise can go top 1394 to new top 1405 to reschedule the bear again then .eu, gu may follow , another top before the bear possible .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,827
  • Jun 17, 2013 11:38pm Jun 17, 2013 11:38pm
Good day,

I'm still holding short on the 4hr, based on current bearish divergence.
  • #342,828
  • Jun 18, 2013 1:01am Jun 18, 2013 1:01am
looks like 5670 next stop.
watching PA from there
Come with me if you want to live....
  • #342,829
  • Jun 18, 2013 1:45am Jun 18, 2013 1:45am
long 1.5670

looks like a good long opportunity... whats worrying is the bounce from 61.8 fib 1.5740 and CPI tonight.
  • #342,830
  • Edited 2:44am Jun 18, 2013 2:06am | Edited 2:44am
Quoting Zircon
{quote} looks like ur not confident on pound or what? did u see it is falling? no Nav not u

i think we are in a diamond bro, if this is correct there no point missing a retrace..1.60 is what im looking at after 1.51 assuming diamond isnt in my head

helps hope for a dark cloud cover on weekly
  • #342,831
  • Jun 18, 2013 3:26am Jun 18, 2013 3:26am
Good day,

Closed all positions to wait for news. Will see what happens and will enter again where/when divergence forms.

Regards
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  • #342,832
  • Jun 18, 2013 3:43am Jun 18, 2013 3:43am
G/M,

Those previously mentioned offers at 5750 kicked in yesterday on 1st test...pullback so far to the 3 x fib cluster 5667-63 that includes 38.2% 5520-5751...offers to the upside touted at 5720 then 5750-60 then 5790-5810...to the downside 5650-40, possibly 5620 then 5600.

4hr/daily remain in uptrends - 1hr a bit messy now.

Technically to the upside:

5735-[45-51] prev [1hr]/minor 4hr swing hi zone

5754 Daily R1 @/around

5766 61.8% 6349-4830

5775-95 underside of breeched previous ascending monthly t/line incl: 5783 = 50% 6746-4830, 5784 = Daily R2 @/around, and 5794 = Weekly R1 @/around

5815-5846 prev daily sw hi zone incl 5824 = Daily R3 @/around

5859-76 prev daily sw hi zone incl: 5859 =76.4% 6179-4830, and 5868 = Monthly R2 @/around

5887 Weekly R2 @/around

5931 61.8% 6617-4830

G/L
ex member
  • #342,833
  • Jun 18, 2013 4:24am Jun 18, 2013 4:24am
Good day to you,

Small buy in @ 1.5663 - 4hr chart. Bullish divergence detected. Will see.

Regards
  • #342,834
  • Jun 18, 2013 4:34am Jun 18, 2013 4:34am
further to above: another source saying stops thru 5650 - large bids lining up at 5630 ?

4hr ascending trend line breeched to downside....1hr descending trend line holds on 1st touch...

G/L
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ex member
  • #342,835
  • Jun 18, 2013 4:47am Jun 18, 2013 4:47am
Let's see if we can get to 1.56 by NY open.
Will be interested in buying there
Come with me if you want to live....
  • #342,836
  • Jun 18, 2013 5:03am Jun 18, 2013 5:03am
lol what ?? !

Quoting Ill-b-back
Let's see if we can get to 1.56 by NY open. Will be interested in buying there
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,837
  • Jun 18, 2013 5:06am Jun 18, 2013 5:06am
what dose the daily tell you about these sources ?


Quoting bbmac
further to above: another source saying stops thru 5650 - large bids lining up at 5630 ? 4hr ascending trend line breeched to downside....1hr descending trend line holds on 1st touch... G/L {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,838
  • Jun 18, 2013 5:19am Jun 18, 2013 5:19am
Hi

It tells me nothing about 'the sources' I use to obtain info re potential bids/offers in the market...The daily t/f I read as you read - a hanging man followed by a doji (esq) candle is likely a bearish formation. I trade off the lower t/f's and I use certain analysis to suggest whether there may exist an imbalance of supply over demand or demand over supply , coupled with repeating set-ups for entry at such pre-identified areas, confirmed (or not) by price action itself...so I will trade with trend and counter trend moves - such determined on my t/f's of interest....the higher t/f's just give me the 'overall' picture for my style of trading..

G/L

Quoting Bones
what dose the daily tell you about these sources ? {quote} {image}
ex member
  • #342,839
  • Jun 18, 2013 5:23am Jun 18, 2013 5:23am
Ok , ranging going good & more perhaps this week till it end I think , more areas for bump & humps yet .
Gold broken 1380 & hold ok , next levels go to 1374/3 to 66 before 38 for more play to 1320 & real decision if possible weekend.

All will follow with it .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,840
  • Jun 18, 2013 5:39am Jun 18, 2013 5:39am
As much as I am short biased "overall", we can't ignore the SR at 5606 (50%) as pretty strong. As of now it's support and until we see a significant break and hold below that, it will likely bounce up yet again and that ranging will continue. I do believe the rollover has started but only time will tell for sure. Just my 2 cents.
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Ghost Rider - WWTBMD?
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