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Cable Update (GBPUSD)

  • #235,821
  • Jul 6, 2010 8:57am Jul 6, 2010 8:57am
Quoting pepper
Still a wanker.
Should we take that with a pinch of salt?
  • #235,822
  • Jul 6, 2010 9:02am Jul 6, 2010 9:02am
missEd to downside what now?
  • #235,823
  • Jul 6, 2010 9:03am Jul 6, 2010 9:03am
we've been waiting to break down this door lets hope we now have the momentum
  • #235,824
  • Jul 6, 2010 9:06am Jul 6, 2010 9:06am
Quoting OldReigatian
Should we take that with a pinch of salt?
Na whatever.
  • #235,825
  • Jul 6, 2010 9:06am Jul 6, 2010 9:06am
Quoting gotpips92
missEd to downside what now?

If I were a scalper, I wouldn't be scalping to the downside with euro flying and a cr@p PMI
  • #235,826
  • Jul 6, 2010 9:09am Jul 6, 2010 9:09am
Still waiting for 1.50
  • #235,827
  • Jul 6, 2010 9:12am Jul 6, 2010 9:12am
We have had a bull flag forming on the M30, it has had its touch of the 61.8, the only plays available today is scalping the TL's until we have a break.
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  • #235,828
  • Jul 6, 2010 9:14am Jul 6, 2010 9:14am
Quoting manize
Scary go buy at current level but can not avoid push the long button on 1.5160 (M5/200) for cam H5 LB target (1.5210)!
I don't call to go short but hit and out !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #235,829
  • Jul 6, 2010 9:18am Jul 6, 2010 9:18am
Quoting ams
Keep an eye on EU if and when it breaks 1.26, pound and euro'll fly...and an end to euro's trouble in the interim...although it's very hard to break that level it seems. So is for USD/CHF.
not hard buddy..this is just fun and games to make the weak suffer!!..
1.60 is on the card might take 3 months thou..but its on
  • #235,830
  • Jul 6, 2010 9:20am Jul 6, 2010 9:20am
Quoting OldReigatian
Still think that 1.5209 is the significant number to trade consistently above which was a meet of the 4 hour and 8 hour retraces on fibonacci during the latter part of last week. We have been hovering around this area for a while now. If PMI news helps it above, we could see up to 1.53+ If not then we go back down to late 1.49's.
Trying hard to stay above. If she stays we've got a 60-80 pip run up to 1.5275-85
  • #235,831
  • Jul 6, 2010 9:20am Jul 6, 2010 9:20am
Break confirmed, let's see if she reaches the next TL. 38.2 extension of the pole, and expecting it to respect the channel formed with plenty more opportunities to trade. First action plan is a retest of the breakout TL
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  • #235,832
  • Jul 6, 2010 9:20am Jul 6, 2010 9:20am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
yup, it's like hide & seek...winner is the one with power...EU not the kind of break I was expecting...fizzling out...fakey it seems unless it's preparing for the flight :-)


Quoting nAVIN2007
not hard buddy..this is just fun and games to make the weak suffer!!..
  • #235,833
  • Jul 6, 2010 9:21am Jul 6, 2010 9:21am
Quoting fxoxford
im still long with some serious money on the table, t/p still at 1.5273. lets see if we can get this train heading north again. good luck to all
ok the market has turn in my favor. t/p still has a chance of getting hit.
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  • #235,834
  • Jul 6, 2010 9:22am Jul 6, 2010 9:22am
Remember PMI manufacturing always rocks pound. Waiting for TP
study of behavior and mind,conscious and unconscious
  • #235,835
  • Jul 6, 2010 9:23am Jul 6, 2010 9:23am
Looks like it has reached its peak for today, will be looking at how things turn out tomorrow, since i missed today's trade...
Don't be emo... don't be emo....
  • #235,836
  • Jul 6, 2010 9:24am Jul 6, 2010 9:24am
long @ 1.5210
TP 1.5249

the price broke H4 and maybe is looking for hit H5 before go down... lets see
  • #235,837
  • Jul 6, 2010 9:24am Jul 6, 2010 9:24am
Quoting ams
yup, it's like hide & seek...winner is the one with power...EU not the kind of break I was expecting...fizzling out...fakey it seems unless it's preparing for the flight :-)
this is why i cant scalp to save my life..one wrong move u finished and its easily done..i just follow the long term and hope its all priced in

i certainly based on 4hr wont have considered a long..just short and this happens

we could see 1.53-154 by tomorrow..dailly tomorrow expected to be up!
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  • #235,838
  • Jul 6, 2010 9:32am Jul 6, 2010 9:32am
Quoting nAVIN2007
this is why i cant scalp to save my life..one wrong move u finished and its easily done..i just follow the long term and hope its all priced in

i certainly based on 4hr wont have considered a long..just short and this happens

we could see 1.53-154 by tomorrow..dailly tomorrow expected to be up!

I am watching 5228, that has to go for this long to continue anywhere.
  • #235,839
  • Jul 6, 2010 9:34am Jul 6, 2010 9:34am
Quoting OldReigatian
Should we take that with a pinch of salt?

He is in good company on my iggy list, I would not have seen his post without you quoting him, but it validates my reason for putting him on there in the first place, he has not made a single contribution here to further the debate and has to resort to foul language. Guess his trading is still revenge based just as his posting is.
  • #235,840
  • Jul 6, 2010 9:35am Jul 6, 2010 9:35am
Quoting cloggie
I am watching 5228, that has to go for this long to continue anywhere.

it will..just going to try take a few short first..rope them in..the price action is very easy to see..u have dailly engulf on the previous dailly range..thats telling us this mofo want to go up..tomorrow if not today it certainly appear to attempt this high and my instinct says to me it gonna break..

lets see thou..the problem really going to be 1.5350 area

I fully expect the purple line to go this time
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