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Cable Update (GBPUSD)

  • #255,861
  • Sep 24, 2010 10:37am Sep 24, 2010 10:37am
Quoting Bull_Bear
lets slap a small short on

1.5830.. SL 1.5865.. TP 1.5775

Have a good weekend fellow traders
Just to tempting at these levels hey BB?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #255,862
  • Sep 24, 2010 10:37am Sep 24, 2010 10:37am
Quoting zoom
at this momentum .... will be enough time to close the week at 1.6

go cable .... FLy!
Hehe, thats a bit to much to hope for for you guys in longs
  • #255,863
  • Sep 24, 2010 10:38am Sep 24, 2010 10:38am
Quoting Sunsi
Seems the trend is very strong. And EU trying to push up to 1.3500.
London is still on, wait till they go home
  • #255,864
  • Sep 24, 2010 10:39am Sep 24, 2010 10:39am
Quoting Sunsi
Hehe, thats a bit to much to hope for for you guys in longs
I always hope when the normal man fears and fear when he hopes...
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  • #255,865
  • Sep 24, 2010 10:40am Sep 24, 2010 10:40am
Quoting Sunsi
Seems the trend is very strong. And EU trying to push up to 1.3500.
hahah stop hunting of sellers we may see 5873 before any correction and correction will be limited after 5873 good luck

Ub
  • #255,866
  • Sep 24, 2010 10:40am Sep 24, 2010 10:40am
Quoting Geppy
I always hope when the normal man fears and fear when he hopes...
hey Geppy what is your target for your GJ longs??

Ub
  • #255,867
  • Sep 24, 2010 10:42am Sep 24, 2010 10:42am
Quoting ubaidahsan
hey Geppy what is your target for your GJ longs??

Ub
Said it many times... 1.5900 initially. I'll get out then and see how she behaves, looking to reload for even higher levels (I'm bullish). However, I may unload before the weekend if we get within 20 or 30 pips of there... lots O cash on the table right now!
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  • #255,868
  • Sep 24, 2010 10:44am Sep 24, 2010 10:44am
Seems like traders from london session are taking some profit from longs before they take their weekend.
  • #255,869
  • Sep 24, 2010 10:46am Sep 24, 2010 10:46am
good post bbmac. i enjoy your post,. keep 'em coming.
  • #255,870
  • Sep 24, 2010 10:52am Sep 24, 2010 10:52am
Quoting Sunsi
Seems the trend is very strong. And EU trying to push up to 1.3500.
My eyes@ 1.3520
  • #255,871
  • Sep 24, 2010 10:52am Sep 24, 2010 10:52am
sell 1.5838
sl at BE
tp open ....

reason: london closing, profit taken by many ppl
... feel better day by day.
  • #255,872
  • Sep 24, 2010 10:53am Sep 24, 2010 10:53am
Thx re comment above.

Price has entered the previous daily swing lo zone (=previous support=potential sbr) and is @ 147% of it's 20day average pip range and 105% of the 13 week average @ the Hi.

http://www.easy-upload.net/fichiers/z.2010924175138.jpg
ex member
  • #255,873
  • Sep 24, 2010 10:54am Sep 24, 2010 10:54am
Good day to you,

hope you all have a super week-end. May be time to retrace?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
  • #255,874
  • Sep 24, 2010 10:55am Sep 24, 2010 10:55am
R line has been hit on daily, possibly reversal/rebound?

http://img214.imageshack.us/img214/9246/17697882.jpg
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  • #255,875
  • Sep 24, 2010 10:59am Sep 24, 2010 10:59am
I can`t see it going higher now without atleast touching 1.5800 again.

Because:
Very bearish 30 min candle.
Not much voulum to push price to new highs.
There will be some profit taking from now on and out.

Any comments on that?
  • #255,876
  • Sep 24, 2010 11:00am Sep 24, 2010 11:00am
Let's see if 1.5820/25 acts as support now... I remember a long time ago we were struggling to get through that area
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  • #255,877
  • Sep 24, 2010 11:01am Sep 24, 2010 11:01am
Quoting Sunsi
I can`t see it going higher now without atleast touching 1.5800 again.

Because:
Very bearish 30 min candle.
Not much voulum to push price to new highs.
There will be some profit taking from now on and out.

Any comments on that?
Same as before... I don't see any reason why it can't go higher.
check out my blog: forexmademillionaire dot com
  • #255,878
  • Sep 24, 2010 11:02am Sep 24, 2010 11:02am
And wow... on a side note, USD/JPY is waking up now and lighting my GBP/JPY longs on fire. Damn, what a day
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  • #255,879
  • Sep 24, 2010 11:05am Sep 24, 2010 11:05am
the ABC target is met. I didnt understand why people were shorting today either.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 6.gif Size: 19 KB
  • #255,880
  • Sep 24, 2010 11:07am Sep 24, 2010 11:07am
Quoting PipChick
the ABC target is met. I didnt understand why people were shorting today either.
Isn't it obvious PipChick? So they can run for cover and drive the price higher for us!
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