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Cable Update (GBPUSD)

  • #132,501
  • May 15, 2009 7:14am May 15, 2009 7:14am
please don't add yet reason this can move up
* suddenly EU/GBP loosing big time making GBP to appreciate . EU numbers were bad
* GBP/GPY moving north have to see where she stop .........hunting SL
*ECON number can due shortly could move this up more maybe
BANDA333
  • #132,502
  • May 15, 2009 7:17am May 15, 2009 7:17am
Quoting BANDA
please don't add yet reason this can move up
* suddenly EU/GBP loosing big time making GBP to appreciate . EU numbers were bad
* GBP/GPY moving north have to see where she stop .........hunting SL
*ECON number can due shortly could move this up more maybe

Cheers
  • #132,503
  • May 15, 2009 7:20am May 15, 2009 7:20am
already off on trade
when it reach 5198 i stop all transaction.
because already get my target for this week (even bigger than that)
so there is no reason to continiue and risking.

happy weekend all
thanks for the tips and analysis
- Always pray on your trading - God know the best for everyone
  • #132,504
  • May 15, 2009 7:24am May 15, 2009 7:24am
Quoting kingindian
already off on trade
when it reach 5198 i stop all transaction.
because already get my target for this week (even bigger than that)
so there is no reason to continiue and risking.

happy weekend all
thanks for the tips and analysis
Nice work and have a great weekend yourself!
  • #132,505
  • May 15, 2009 7:26am May 15, 2009 7:26am
Empire state in few minutes...
  • #132,506
  • May 15, 2009 7:26am May 15, 2009 7:26am
Quoting kingindian
already off on trade
when it reach 5198 i stop all transaction.
because already get my target for this week (even bigger than that)
so there is no reason to continiue and risking.

happy weekend all
thanks for the tips and analysis
Good Discipline, have a great weekend
  • #132,507
  • May 15, 2009 7:41am May 15, 2009 7:41am
Don't know if anyone had point this out yet.

http://i40.tinypic.com/25anb01.jpg

Quoting riggster
Good Discipline, have a great weekend
  • #132,508
  • May 15, 2009 7:42am May 15, 2009 7:42am
better than expected US data - im thinking she's going up, anyone?
  • #132,509
  • May 15, 2009 7:47am May 15, 2009 7:47am
Quoting SeaPip
Don't know if anyone had point this out yet.

http://i40.tinypic.com/25anb01.jpg
Think most of us are watching it, theres one on the 4H too.
  • #132,510
  • May 15, 2009 7:47am May 15, 2009 7:47am
Quoting pockets99
better than expected US data - im thinking she's going up, anyone?
isnt that good for dollar, bad for gbp?? forgive ignorance, trying to learn!!
  • #132,511
  • May 15, 2009 7:50am May 15, 2009 7:50am
Quoting dimlat
isnt that good for dollar, bad for gbp?? forgive ignorance, trying to learn!!
That's less risk aversion, hence good for GU.
Hear the music before the song is over ...
  • #132,512
  • May 15, 2009 7:52am May 15, 2009 7:52am
Quoting GlobalMacro
That's less risk aversion, hence good for GU.
understood, thanks!
  • #132,513
  • May 15, 2009 7:54am May 15, 2009 7:54am
Quoting 4xHero
Went long at 5149... lets see what happens.
closed +80
  • #132,514
  • May 15, 2009 8:02am May 15, 2009 8:02am
Core CPI come out 0.3%, expecting fall GU and EU by Felix.
"0830 US CPI Core m/m (0.1% expected) - This should create a broad based USD move similar to what we saw last month, but I would only trade it if both the Core and the Headline numbers come out in the same direction. If there's a conflict like there was last month, I'd prefer to stay out.
If it comes out at 0.2% or higher, EUR/USD should fall by 30-40 pips.
If it comes out at 0.0% or lower, USD/JPY should fall by 30-40 pips."
  • #132,515
  • May 15, 2009 8:24am May 15, 2009 8:24am
short 5270
  • #132,516
  • May 15, 2009 8:26am May 15, 2009 8:26am
Quoting free4440273
short 5270
im thinking to short at 5310, my t/p calculation says it hits there before falling back
  • #132,517
  • May 15, 2009 8:31am May 15, 2009 8:31am
Quoting free4440273
short 5270
exit 5247
  • #132,518
  • May 15, 2009 8:32am May 15, 2009 8:32am
Price stop on history level

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 9 KB


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History Levels GBPUSD

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  • #132,519
  • May 15, 2009 8:35am May 15, 2009 8:35am
Quoting errich fx
Price stop on history level

Attachment

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History Levels GBPUSD

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Actually it so happens that it hit 76% fibs which is at 5280, i just like to call them speed bumps on the road to t/p (5310/15)
  • #132,520
  • May 15, 2009 8:37am May 15, 2009 8:37am
Quoting errich fx
Price stop on history level

Attachment

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History Levels GBPUSD

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time to short from here??
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