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Cable Update (GBPUSD)

  • #274,281
  • Mar 17, 2011 3:33am Mar 17, 2011 3:33am
Got 54 pips from the break although if I left my original stops would have got around 100+
  • #274,282
  • Mar 17, 2011 3:38am Mar 17, 2011 3:38am
Quoting redbeben
I think I will long again TP 1.6050 as a minimum

long as well on GJ TP 128.20

TP nearly touched yesterday at 1.6048.
it did touch now and price went above it as predicted.

still targetting 1.6340 minimum and I think we will see a 1.70 in a few months

just a hunch.

I don't know if I said it before but if price ends this week above 1.6020 then we broke the weekly trend and it should pop up some 300 pips minimum.
  • #274,283
  • Edited 3:47am Mar 17, 2011 3:41am | Edited 3:47am
Quoting _BBKing_
hello all

now i need to wait another setup
uff
At least you didn't go to sleep with a massive drawdown on your longs with price hovering above support like I did.

on another note... London seems disturbingly light in the loafers today, I thought we'd at least test 1.62 in one go.
  • #274,284
  • Mar 17, 2011 3:42am Mar 17, 2011 3:42am
Quoting SerpentDove
Would that mean the Fed would have to buy ALOT more of it's own debt?
eh?
  • #274,285
  • Mar 17, 2011 3:49am Mar 17, 2011 3:49am
Quoting SerpentDove
At least you didn't go to sleep with a massive drawdown on your longs with price hovering above support like I did.
im very sorry 4you
sincerely i was going long on eur jpy near 110.20 (support line)
lucky me.... crash happened when i clicked mouse to open the position n broker did not accept price coz was already crashin in that exact second few seconds later price was 109

only a question of 1 or 2 seconds and i could have been fukked very badly n heavly.

then went on buy stop order after 1st h1 candle, remembering what did last year on euro crash (from122 to 100 in 6-7 hours)

was only pure luck!
90% of traders use TA, indicators and prediction
  • #274,286
  • Mar 17, 2011 3:58am Mar 17, 2011 3:58am
Quoting fxvoilaaa
eh?
Well, Japan is like the No.1 buyer of U.S. debt is it not.. if it isn't buying who will pick up all that slack?
  • #274,287
  • Mar 17, 2011 4:02am Mar 17, 2011 4:02am
Quoting SerpentDove
Well, Japan is like the No.1 buyer of U.S. debt is it not.. if it isn't buying who will pick up all that slack?
oh, i see.
  • #274,288
  • Mar 17, 2011 4:16am Mar 17, 2011 4:16am
Quoting SerpentDove
Well, Japan is like the No.1 buyer of U.S. debt is it not.. if it isn't buying who will pick up all that slack?
Especially as China is now buying GB debt
  • #274,289
  • Mar 17, 2011 4:17am Mar 17, 2011 4:17am
Quoting fxvoilaaa
oh, i see.
It's just my theory. I can't see what is going on at that level of things, but there does seem to have been a lot of dollar dumping so who knows.
  • #274,290
  • Mar 17, 2011 4:21am Mar 17, 2011 4:21am
Scalpers - test of 16115 looks likely
  • #274,291
  • Mar 17, 2011 4:27am Mar 17, 2011 4:27am
are we going in something like that triangle closing?

upper black trendline comes from highest levels (...) n now lies near 6250.
lower red comes from 4230 low.

big question is: have we got the fundamentals to breake up above 6250?
or will be another big sell like near 6340?
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90% of traders use TA, indicators and prediction
  • #274,292
  • Mar 17, 2011 4:30am Mar 17, 2011 4:30am
Quoting SerpentDove
Well, Japan is like the No.1 buyer of U.S. debt is it not.. if it isn't buying who will pick up all that slack?
No it is China... Japan are no.2

http://www.treasury.gov/resource-cen...uments/mfh.txt

Probably China and the EZ.
  • #274,293
  • Mar 17, 2011 4:37am Mar 17, 2011 4:37am
Quoting chazzle
Scalpers - test of 16115 looks likely
sorry guys - 16117
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  • #274,294
  • Mar 17, 2011 4:37am Mar 17, 2011 4:37am
Quoting _BBKing_
are we going in something like that triangle closing?

upper black trendline comes from highest levels (...) n now lies near 6250.
lower red comes from 4230 low.

big question is: have we got the fundamentals to breake up above 6250?
or will be another big sell like near 6340?
Thanks for that...
  • #274,295
  • Mar 17, 2011 4:43am Mar 17, 2011 4:43am
Quoting chazzle
sorry guys - 16117
lolz

very good call!!
90% of traders use TA, indicators and prediction
  • #274,296
  • Mar 17, 2011 4:48am Mar 17, 2011 4:48am
Quoting bbakker
No it is China... Japan are no.2

http://www.treasury.gov/resource-cen...uments/mfh.txt

Probably China and the EZ.
Didn't they become net sellers last month? I may be totally confused, best to take a nap before the NY Open.
  • #274,297
  • Mar 17, 2011 4:48am Mar 17, 2011 4:48am
Quoting _BBKing_
lolz

very good call!!
thanks - under 16130 I'm looking for 16100 area stop about 16150
  • #274,298
  • Mar 17, 2011 5:02am Mar 17, 2011 5:02am
Quoting SerpentDove
Didn't they become net sellers last month? I may be totally confused, best to take a nap before the NY Open.
China?

"The US Treasury Department said March 15 that China remained the largest foreign holder of US Treasuries despite being a net seller in January."

http://www.wantchinatimes.com/news-s...20110316000025

http://www.businessweek.com/news/201...-in-rates.html
  • #274,299
  • Mar 17, 2011 5:03am Mar 17, 2011 5:03am
Quoting chazzle
thanks - under 16130 I'm looking for 16100 area stop about 16150
scratching that - taking too long
  • #274,300
  • Mar 17, 2011 5:19am Mar 17, 2011 5:19am
Quoting chazzle
scratching that - taking too long
News in 13 mins... no action before then. Maybe more buying of GBP and EUR after the news deeper into supply and then a sell off... but I could be completely wrong!
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