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Cable Update (GBPUSD)

  • #202,421
  • Mar 1, 2010 4:00am Mar 1, 2010 4:00am
GU is still bearish, but weak. I got to 82 pips when i open short 1.5181 this morning. But it bounce & trapped by my trailing stoploss...got a nice 61 pips from that trade.

GU bearish for some times now & i want to see whether the bear hold for this whole week.
  • #202,422
  • Mar 1, 2010 4:11am Mar 1, 2010 4:11am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Quoting Bull_Bear
It's a very strong quote, not for little people to mock.
Iacta Est!
http://www.culturalresources.com/ima...sarRubicon.jpg
  • #202,423
  • Mar 1, 2010 4:13am Mar 1, 2010 4:13am
GBP news will bring GU DOWN !!!! 3 soldiers short, 1.5180, 1.5160, 1.15140 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,424
  • Mar 1, 2010 4:15am Mar 1, 2010 4:15am
Quoting Baby-Trader
No My opinion is not wrong
did it touch 1.5085 ?
Bonus!!
Now, I can say my opinion was wrong.
1.5085 touched.
  • #202,425
  • Mar 1, 2010 4:17am Mar 1, 2010 4:17am
looking like another 70 pip drop to 1.50 in the works, if that happens ny will have a field day buying that level
  • #202,426
  • Mar 1, 2010 4:24am Mar 1, 2010 4:24am
Quoting ffguy
looking like another 70 pip drop to 1.50 in the works, if that happens ny will have a field day buying that level
starting to pick back up momentum...the level to clear was 1.5160 before a push to handle lower
  • #202,427
  • Mar 1, 2010 4:28am Mar 1, 2010 4:28am
WOW GBP is getting smashed
  • #202,428
  • Mar 1, 2010 4:29am Mar 1, 2010 4:29am
Quoting Bull_Bear
weekend's post...

http://www.forexfactory.com/showpost...stcount=202190

The gap down took out 2 of my levels in a heart beat 1.5220 and 1.5200, as a result I stayed flat.

I did not get a chance to post this call in real time

buy ... 1.5156 SL.. 1.5040.. TP 1.5360

Good luck guys
Wow she just keeps falling... -116pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #202,429
  • Mar 1, 2010 4:32am Mar 1, 2010 4:32am
support starting to ring in, looks a little weak, but it'll probably hold. huge orders sitting at the handle
  • #202,430
  • Mar 1, 2010 4:34am Mar 1, 2010 4:34am
think I will sideline for a couple hours, maybe

gu +110
gy +70
gchf +90
gsek +728
gnok +471
  • #202,431
  • Mar 1, 2010 4:34am Mar 1, 2010 4:34am
Quoting Bull_Bear
Wow she just keeps falling... -116pips
i ws in same trade you entering again???

Ub
  • #202,432
  • Mar 1, 2010 4:38am Mar 1, 2010 4:38am
Quoting ubaidahsan
i ws in same trade you entering again???

Ub
Ub not now mate, have entry order at 1.5010...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #202,433
  • Mar 1, 2010 4:40am Mar 1, 2010 4:40am
Attached Image
  • #202,434
  • Mar 1, 2010 4:42am Mar 1, 2010 4:42am
Keeping it simple.



Attached Image (click to enlarge)
Click to Enlarge Name: gbp 5m.jpg Size: 196 KB
  • #202,435
  • Mar 1, 2010 4:44am Mar 1, 2010 4:44am
I dun think the news is that bad though, would find some opportunity enter long 5010-5000, am I being foolish here?
  • #202,436
  • Mar 1, 2010 4:47am Mar 1, 2010 4:47am
Quoting nek17
I dun think the news is that bad though, would find some opportunity enter long 5010-5000, am I being foolish here?
given the weight of the move the past couple hours...it won't totally be, however this is just my opinion....trade what your think is best, and within your framework
  • #202,437
  • Mar 1, 2010 4:56am Mar 1, 2010 4:56am
Ok so stops were finally flushed below 1.50 .... the market got what it wanted. Maybe, just maybe, we can have a bit of upside movement...if not then I refuse to enter until 1.48 ... at that level buy and sell orders should be more aligned unlike the +70% long we see now.
  • #202,438
  • Mar 1, 2010 4:56am Mar 1, 2010 4:56am
Quoting nek17
I dun think the news is that bad though, would find some opportunity enter long 5010-5000, am I being foolish here?
well I am not smart enough to call anybody a fool , it seems the opportunities to make money have been finding reasons to short , lots of decent traders have been blistered time and time again on longs , its been going down for weeks , its went down on good news ,on bad news etc , if you must take longs let someone elses money start the process otherwise look for reasons to short and rite now it dont take much of a reason lol
  • #202,439
  • Mar 1, 2010 4:56am Mar 1, 2010 4:56am
Um, holy $hit.
  • #202,440
  • Mar 1, 2010 4:56am Mar 1, 2010 4:56am
How would say that this price action and lack of resistance would be conducive to a further drop?
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