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Cable Update (GBPUSD)

  • #199,741
  • Feb 16, 2010 1:10am Feb 16, 2010 1:10am
Quoting Kyen
Think the steam may be running out, could top out around the 20 handle and push its way back down. Overbought ahead of news IMO, going to start stacking in some shorts.

with you..
Don't tell me how much you can earn. Tell me how much you may lose..
  • #199,742
  • Feb 16, 2010 1:11am Feb 16, 2010 1:11am
maybe i'm on another planet, but are you saying that this is a butterfly on your chart?



Quoting Shad
U R Wrong Again & Again ....

Even A Kid Knows It's A Clear *BUTTERFLY* !
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Attached Image
  • #199,743
  • Feb 16, 2010 1:17am Feb 16, 2010 1:17am
HMMMMMMMmmmmmm. I see it took this guy so long to take out all profits, well doesn't matter any way. As far as 1.57 is loaded, i look forward to 1.5770 as my final bus-stop after which i await clear signals, but my BIAS for now remains LONGGGGGGGGGGGG.
  • #199,744
  • Feb 16, 2010 1:23am Feb 16, 2010 1:23am
Quoting caldera
maybe i'm on another planet, but are you saying that this is a butterfly on your chart?
You are both mistaken with your analysis. Clearly this is a backward fish formation.
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  • #199,745
  • Feb 16, 2010 1:25am Feb 16, 2010 1:25am
any suggestion for GU today??

tq guys
  • #199,746
  • Feb 16, 2010 1:28am Feb 16, 2010 1:28am
Quoting ravenbg
no volume and still going up, why?

maybe its stop loss hunts
  • #199,747
  • Feb 16, 2010 1:28am Feb 16, 2010 1:28am
apart from going long, probably better to wait for the news... everything could come crashing down again

Quoting sinyo79
any suggestion for GU today??

tq guys
  • #199,748
  • Feb 16, 2010 1:31am Feb 16, 2010 1:31am
Quoting kingrex
maybe its stop loss hunts
Let's hope it goes back down, otherwise I hate speculations, I am short and of course in DD now but I will keep it that way!
  • #199,749
  • Feb 16, 2010 1:34am Feb 16, 2010 1:34am
lol

looks like your fish swallowed shads butterfly...

Quoting Kyen
You are both mistaken with your analysis. Clearly this is a backward fish formation.
  • #199,750
  • Feb 16, 2010 1:37am Feb 16, 2010 1:37am
So what is it - fish, butterfly...or what?
  • #199,751
  • Feb 16, 2010 1:40am Feb 16, 2010 1:40am
Quoting ravenbg
So what is it - fish, butterfly...or what?
...chicken!
  • #199,752
  • Feb 16, 2010 1:41am Feb 16, 2010 1:41am
Quoting caldera
lol

looks like your fish swallowed shads butterfly...
Lol. You hanging onto your shorts throughout the announcement? Although 1.55xx is definately a reach, a low liquidity week in the FX market does tend to spark some fireworks when importance indices are being released. I'll be holding on until midweek unless my analysis is completely wrong and I get smacked in the face with a rally to 59-- hoping that won't be the case
  • #199,753
  • Feb 16, 2010 1:42am Feb 16, 2010 1:42am
Quoting ravenbg
So what is it - fish, butterfly...or what?
It's a simple uptrend for today

However point of serious concern is overbought nature in hourly and lower TF charts.
Don't tell me how much you can earn. Tell me how much you may lose..
  • #199,754
  • Feb 16, 2010 1:50am Feb 16, 2010 1:50am
Quoting EliteFX
It's a simple uptrend for today

However point of serious concern is overbought nature in hourly and lower TF charts.
It's niiiiice, but I am short since yesterday let's see what will happen, my target are 5600 mid-term and 5440 long-term.
  • #199,755
  • Feb 16, 2010 1:55am Feb 16, 2010 1:55am
From 1.5559 G/U has been in an uptrend mode, we would have to hit 1.5780 before anything goes down, as far as i am concerned over the last few days i have made it known, 1.5740-8- would be reached, a news spike we even give it 1.58**, after which we watch from there, look thoroughly at weekly formation, and u would know that a break above the last weekly signifies a move towards 1.60**, daily formation should hit 1.5740-80. so for now i maintain uptrend until anything defers PEACE.......
  • #199,756
  • Feb 16, 2010 2:01am Feb 16, 2010 2:01am
i rushed into a short before price broke the trendline thinking it would hold... i exited soon after... i still think the news might be bearish for the pound... but we'll see...

Quoting Kyen
Lol. You hanging onto your shorts throughout the announcement? Although 1.55xx is definately a reach, a low liquidity week in the FX market does tend to spark some fireworks when importance indices are being released. I'll be holding on until midweek unless my analysis is completely wrong and I get smacked in the face with a rally to 59-- hoping that won't be the case
  • #199,757
  • Feb 16, 2010 2:08am Feb 16, 2010 2:08am
Yesterday's Post...

http://www.forexfactory.com/showpost...stcount=199640

Today's post, well if you keep it Simple Not Much has change in directional bias.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #199,758
  • Feb 16, 2010 2:16am Feb 16, 2010 2:16am
SHORT ANYONE?
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SCARED MONEY NEVER DOES GOOD IN FOREX
  • #199,759
  • Feb 16, 2010 2:20am Feb 16, 2010 2:20am
Quoting fourxtrader
skiffx,

Here's the file.

Dr. D.
Thanks.
  • #199,760
  • Feb 16, 2010 2:22am Feb 16, 2010 2:22am
Quoting omiunu
SHORT ANYONE?
Why?

Price is clearly above your mid band & your mas.
Thank You
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