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Cable Update (GBPUSD)

  • #273,261
  • Mar 1, 2011 11:26am Mar 1, 2011 11:26am
Singapore time. 8:30am AUD GDP q/q,


DUE to NAtural Disaster>30days flood

Australia is expecting to fall 50<Pip<80 in a second of 2,
i wish i could wake up n grab this BREAKFAST.

do check HISTORies.
  • #273,262
  • Mar 1, 2011 11:30am Mar 1, 2011 11:30am
Quoting fourxtrader
The Yen is showing strength against all currencies
and tugging against this current breakout attempt.

Dr. D.
Everyone is buying the yen... except the Swiss.

Dr. D.
Attached Image
  • #273,263
  • Mar 1, 2011 11:32am Mar 1, 2011 11:32am
Quoting fourxtrader
Squeeze every pip!

Dr. D.
Cherries, stones, pips ...out on the 200. 28 pips
All systems of divination, like music itself,work through patterns.
  • #273,264
  • Mar 1, 2011 11:39am Mar 1, 2011 11:39am
Must be the whole wedding thing... Pound traders perhaps feeling a sense of excitement and patriotism. lol
  • #273,265
  • Mar 1, 2011 11:40am Mar 1, 2011 11:40am
Quoting fourxtrader
Three circles down and only two circles up?
Why argue with the 'force'.
Might be a good reason to still think long. lol

Dr. D.
We are clearly in the consolidation stage and two things can happen... we continue or we reverse. Reason we are at the consolidation stage is because of the Services PMI figure that will be coming out on Thursday and I will go into more detail when I get back home as to why this figure has even more importance this month than previous months. There will be logic and facts behind my reasoning and why we could see 1.7 or 1.55.

Sure the Construction PMI tomorrow will cause a little fluctuation in the price, but the Services PMI is key!
  • #273,266
  • Mar 1, 2011 11:44am Mar 1, 2011 11:44am
Quoting fourxtrader
Everyone is buying the yen... except the Swiss.

Dr. D.
and everyone is buying the Franc and the CHF/JPY has pretty much flatlined. Flight to safe havens as unrest might escalate to even more regions. If trouble kicks off in Saudi Arabia... that will stir the markets!

It would have been the dollar too, but it has lost its international shine! I wonder why...
  • #273,267
  • Mar 1, 2011 11:48am Mar 1, 2011 11:48am
Quoting Warwick
Must be the whole wedding thing... Pound traders perhaps feeling a sense of excitement and patriotism. lol
Follow the stops....thats where profits reside. | Forget fundamentals, technicals and everything else - the market is driven by stop-loss orders.

Classic move by London this morning that drove price to take out all those stop loss orders above 1.63.
  • #273,268
  • Mar 1, 2011 11:50am Mar 1, 2011 11:50am
cos people here yelling too loud SELL ! BUY SELL BUY! so she get stress and squat... be patient..

.
I will be the number one Manager.
  • #273,269
  • Mar 1, 2011 11:50am Mar 1, 2011 11:50am
Quoting bbakker
We are clearly in the consolidation stage and two things can happen... we continue or we reverse. Reason we are at the consolidation stage is because of the Services PMI figure that will be coming out on Thursday and I will go into more detail when I get back home as to why this figure has even more importance this month than previous months. There will be logic and facts behind my reasoning and why we could see 1.7 or 1.55.

Sure the Construction PMI tomorrow will cause a little fluctuation in the price, but the Services PMI is key!
How long till you get home? Nag, nag...
All systems of divination, like music itself,work through patterns.
  • #273,270
  • Mar 1, 2011 11:53am Mar 1, 2011 11:53am
Quoting xrepla
http://i1102.hizliresim.com/2011/2/28/4894.jpg
1,6260 area is still important if we cant break go long again
Everything is RISK just learn how to live with
  • #273,271
  • Mar 1, 2011 11:53am Mar 1, 2011 11:53am
Quoting javapips
cos people here yelling too loud SELL ! BUY SELL BUY! so she get stress and squat... be patient..

.
JP...your 1st language is becoming English ....
All systems of divination, like music itself,work through patterns.
  • #273,272
  • Mar 1, 2011 11:53am Mar 1, 2011 11:53am
Quoting bbakker
Follow the stops....thats where profits reside. | Forget fundamentals, technicals and everything else - the market is driven by stop-loss orders.

Classic move by London this morning that drove price to take out all those stop loss orders above 1.63.
Correcto - Its my bread and butter.... A/U has been the clearest example thus far, for the week. Although it is funny when the market is chasing for "phantom stops" This usually occurs most in carry trade pairs - too easy to spot.
  • #273,273
  • Mar 1, 2011 11:55am Mar 1, 2011 11:55am
Quoting kaspopsicle
How long till you get home? Nag, nag...
lol

After getting home, putting the kids to bed and writing it, I reckon I will post my reasoning in 3 hours time.
  • #273,274
  • Mar 1, 2011 11:59am Mar 1, 2011 11:59am
Quoting bbakker
lol

After getting home, putting the kids to bed and writing it, I reckon I will post my reasoning in 3 hours time.
Cheers BB...looking forward...safe journey.
All systems of divination, like music itself,work through patterns.
  • #273,275
  • Mar 1, 2011 11:59am Mar 1, 2011 11:59am
Quoting javapips
cos people here yelling too loud SELL ! BUY SELL BUY! so she get stress and squat... be patient..

.
I will go to BED, Now...

G/L

ID.
Saatnya TIDUR.
Harga cuma BOLAK BALIK kaya Org lagi menyeterika...
Always looking the GREAT, never left GOOD Point...
  • #273,276
  • Mar 1, 2011 12:05pm Mar 1, 2011 12:05pm
Quoting Tsar
I will go to BED, Now...

G/L

ID.
Saatnya TIDUR.
Harga cuma BOLAK BALIK kaya Org lagi menyeterika...


Thank you for the ebook
  • #273,277
  • Mar 1, 2011 12:07pm Mar 1, 2011 12:07pm
As pair continues to be strongly bullish, it is going to break major resistance (1.6270). For further prospect we see price rising towards weekly and monthly resistance, come back to support (previous resistance) and continues up. If this scenario happens, buy limit @ 1.6270. SL - 25 pips. TP - 75 pips.
https://lh4.googleusercontent.com/-D.../gbpusd_d3.png
Regards
  • #273,278
  • Mar 1, 2011 12:17pm Mar 1, 2011 12:17pm
Quoting kaspopsicle
JP...your 1st language is becoming English ....
not so good thought..honestly i always use google translate to check my spelling...

have a nice day kas..





Tomorrow i'm ready to trade in my new account...
I will be the number one Manager.
  • #273,279
  • Edited 1:10pm Mar 1, 2011 12:25pm | Edited 1:10pm
Do not follow me...gunna spend an hour risking down to 15258/4...daily/monthly open. Reason ...below 200 ema on 5min.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (01-MAR-11).png Size: 13 KB
All systems of divination, like music itself,work through patterns.
  • #273,280
  • Mar 1, 2011 12:39pm Mar 1, 2011 12:39pm
Quoting kaspopsicle
Do not follow me...gunna spend an hour risking down to 15254...daily/monthly open. Reason ...below 200 ema on 5min.
If 1.6328 holds from here then in early asia morning 1.6315-20 will be a favor for SOLD tomorrow back bone to 1.6185 first.
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