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Cable Update (GBPUSD)

  • #273,461
  • Mar 3, 2011 5:34am Mar 3, 2011 5:34am
should be last support area to get again in 1.63 area
lies near 6250 strongly tested support (...)

lets see....
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  • #273,462
  • Mar 3, 2011 5:36am Mar 3, 2011 5:36am
Quoting MartinMyster
Take care TSAR!
Thank's Martin...
Always looking the GREAT, never left GOOD Point...
  • #273,463
  • Mar 3, 2011 5:37am Mar 3, 2011 5:37am
Quoting Tsar
bbakker Bro,

I knew you're as GOOD Fundamental Analysis Trader
I represent them, hope you spend much time at GU Thread. We all expect your contributions in Here...

3 Weeks I was been Active again... But I have to say GOODBYE.
Because I will continue learning about TA (Technical Analysis) and my Children's asking more Attention from their Parent.

I promise when I have the Leisure, will Continue to SHARE in this Room... ...

happy for you
byebye
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  • #273,464
  • Mar 3, 2011 5:38am Mar 3, 2011 5:38am
Quoting bbakker
Well there we have it! The actual figure of 52.6 is lower than expected, but it is still an expansion of the services industry. I think that this number will not put off the interest rate bulls, but we should see 1.6215 before we go any higher. Now, I will be standing on the sidelines because tomorrow is also NFP day and that will create whipsaw action on this pair and personally I will review this pair again on Sunday open with a bullish bias, although that also depends on the figures coming out of the US tomorrow. [i][b]Technically...
1) True
2) USD is very week as one can see from loony and swissy
3) I will be selling heavily once they increase the rates and the surge up is done with

Raising rates with a contraction of the economy is a bad thing, personally the next gdp report is going to be a lot more important than them raising rates because its not about the carry trades anymore its about combating inflation with a contracting economy... which is tough to say the very least.

Bullish bias till 64x-66x remains for now, bought the dips today, rather wide SL to be honest.
  • #273,465
  • Mar 3, 2011 5:54am Mar 3, 2011 5:54am
long @ 1.6270...
another buy limit @ 1.6255
TP 1.63
SL 1.6240
  • #273,466
  • Mar 3, 2011 6:00am Mar 3, 2011 6:00am
Quoting Tsar
For ALL,

I was so familiar with Members in this thread, although Not known One with the Other.
There are Old Members still Active and Provides contributions as well & New Members come.
I never tell the Difference and always Respect for them. In HERE We share and give views.

But because of liability as Parent, I must say GOODBYE...

I keep Promise to SHARE (with Indie or another) if has the Leisure
I will miss you ALL...

All the BEST,
Tsar
Take it easy Tsar. Good luck and see you soon!
  • #273,467
  • Mar 3, 2011 6:01am Mar 3, 2011 6:01am
Quoting navhin
long @ 1.6270...
another buy limit @ 1.6255
TP 1.63
SL 1.6240
chart
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  • #273,468
  • Mar 3, 2011 6:16am Mar 3, 2011 6:16am
closed sell GBP/USD order at 1,6264
  • #273,469
  • Mar 3, 2011 6:17am Mar 3, 2011 6:17am
it could back to last week low, already late if you want to sell cable, maybe euro still in progress,,..hurry hurry !!.
I will be the number one Manager.
  • #273,470
  • Mar 3, 2011 6:23am Mar 3, 2011 6:23am
Quoting javapips
it could back to last week low, already late if you want to sell cable, maybe euro still in progress,,..hurry hurry !!.
to 6030?
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  • #273,471
  • Mar 3, 2011 6:29am Mar 3, 2011 6:29am
Quoting navhin
long @ 1.6270...
another buy limit @ 1.6255
TP 1.63
SL 1.6240
my long SL is 1.6229
To Your Success!!
  • #273,472
  • Mar 3, 2011 6:30am Mar 3, 2011 6:30am
Quoting ndsouz
my long SL is 1.6229
i look 1.6254 has a very strong support..if it breaks i think it might head to 1.62
  • #273,473
  • Mar 3, 2011 6:35am Mar 3, 2011 6:35am
Quoting navhin
i look 1.6254 has a very strong support..if it breaks i think it might head to 1.62
I got exactly the same trading as you going on. Let's hope cable skyrockets!!
  • #273,474
  • Mar 3, 2011 6:39am Mar 3, 2011 6:39am
Quoting navhin
i look 1.6254 has a very strong support..if it breaks i think it might head to 1.62
i agree.
but mine is 6229 too
can get extension some pips.

well, i bought very small lot
im not sure will recover.
will add if n when i see signs of upgoing.

or i will short if looks crashing.
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  • #273,475
  • Mar 3, 2011 6:40am Mar 3, 2011 6:40am
Quoting maurofx
I got exactly the same trading as you going on. Let's hope cable skyrockets!!
we might c 1.64 if it breaks 1.6341 high....hope MPC Member Bean will bring cable up..
  • #273,476
  • Edited 6:51am Mar 3, 2011 6:45am | Edited 6:51am
Cable seems to form the 4-th flat wave and evidently will go down till the level 1.6200-1.6210, where the first bearish impulse will probably stop and reverse movement start.
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  • #273,477
  • Mar 3, 2011 6:46am Mar 3, 2011 6:46am
Quoting navhin
we might c 1.64 if it breaks 1.6341 high....hope MPC Member Bean will bring cable up..
really? you mean 1.64 comes after 1.63? And if it break 1.64, might we see 1.65?

Of course, if it goes lower than 1.63, maybe we see 1.62.

Genius
  • #273,478
  • Mar 3, 2011 6:49am Mar 3, 2011 6:49am
Quoting gstrange
really? you mean 1.64 comes after 1.63? And if it break 1.64, might we see 1.65?

Of course, if it goes lower than 1.63, maybe we see 1.62.

Genius
well, it has to break previous high which is 1.6341 in order to go to 1.64, and subsequently price have to break 1.6456 in order to reach 1.65...
  • #273,479
  • Mar 3, 2011 6:58am Mar 3, 2011 6:58am
Looking to take back and hold above 16280 for a long
  • #273,480
  • Mar 3, 2011 6:59am Mar 3, 2011 6:59am
Quoting speedy
Cable seems to form the 4-th flat wave and evidently will go down till the level 1.6200-1.6210, where the first bearish impulse will probably stop and reverse movement start.
Attachment
nice!
very nice!

if not breakes above 6340, this can be next step!
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