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Cable Update (GBPUSD)

  • #277,541
  • Apr 27, 2011 3:27am Apr 27, 2011 3:27am
Quoting chazzle
didn't take this scalp - I'm a dumb*ss - was a no-brainer

same here,
i picked too high n closed @BE
90% of traders use TA, indicators and prediction
  • #277,542
  • Apr 27, 2011 3:27am Apr 27, 2011 3:27am
thank you for explaining, i understand. you're basing ur trading on the fact that at some point 1.67 will be hit, and that 1.55 will be hit...i get it
  • #277,543
  • Apr 27, 2011 3:30am Apr 27, 2011 3:30am
BOOOOOOOOM
90% of traders use TA, indicators and prediction
  • #277,544
  • Apr 27, 2011 3:31am Apr 27, 2011 3:31am
now what??

long / short / WAIT?????
  • #277,545
  • Apr 27, 2011 3:33am Apr 27, 2011 3:33am
short 1.6520
Trade Like a Robot make money Like a Bank
  • #277,546
  • Apr 27, 2011 3:33am Apr 27, 2011 3:33am
OH YEAHHH!!! Profit 71pips!!
  • #277,547
  • Apr 27, 2011 3:33am Apr 27, 2011 3:33am
lets see if we eat the 6520
90% of traders use TA, indicators and prediction
  • #277,548
  • Apr 27, 2011 3:36am Apr 27, 2011 3:36am
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Attached Image
90% of traders use TA, indicators and prediction
  • #277,549
  • Apr 27, 2011 3:41am Apr 27, 2011 3:41am
Quoting TauTrader
Out for a few. Now wait for news.

Regards

was better to hold it.... but that time was like a gamble
90% of traders use TA, indicators and prediction
  • #277,550
  • Apr 27, 2011 3:41am Apr 27, 2011 3:41am
like a few others came out the long ahead of the data...nice close of the data react candle on 1min to give a momentum based b/o entry to the reaction-just closed out...will likely now wait the pullback and see if it is worth buying.

Big reaction to exactly on forecast +0.5% # !...breaks descending 1hr trend line to the upside.

G/L
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ex member
  • #277,551
  • Apr 27, 2011 3:46am Apr 27, 2011 3:46am
How strong is the market's data reaction can it overcome the upside obstacles ? A real releif rally by the looks as actual # was not above forecast but on it.

Time will tell

Near-term current 1hr below.

G/L
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ex member
  • #277,552
  • Apr 27, 2011 3:47am Apr 27, 2011 3:47am
i got some pips .
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A chart helps those who can read it.
  • #277,553
  • Apr 27, 2011 3:47am Apr 27, 2011 3:47am
Quoting _BBKing_
was better to hold it.... but that time was like a gamble
Yip, hindsight is a wonderful thing. Traded the setup for a scalp and got out. Will watch 1.6550-1.6560. Could retrace from there - but if this becomes support, we may find ourselves @ 1.6620 soon.

I'm on the side

Regards
  • #277,554
  • Apr 27, 2011 3:48am Apr 27, 2011 3:48am
unless an asteroid hits the london stock exchange, the chances of seeing 1.6180 in the next 48hours seem v.unlikely...
  • #277,555
  • Apr 27, 2011 3:51am Apr 27, 2011 3:51am
Quoting bbmac
How strong is the market's data reaction can it overcome the upside obstacles ? A real releif rally by the looks as actual # was not above forecast but on it.

Time will tell

Near-term current 1hr below.

G/L
morning bbmac
there is an interesting link on fxlive.com about GDP Q1
http://www.telegraph.co.uk/finance/e...isappoint.html
90% of traders use TA, indicators and prediction
  • #277,556
  • Apr 27, 2011 3:53am Apr 27, 2011 3:53am
Is the nearest resistance level at 1.6600 or at 1.6570? Or where are are we going?
  • #277,557
  • Apr 27, 2011 3:53am Apr 27, 2011 3:53am
Quoting TauTrader
Yip, hindsight is a wonderful thing. Traded the setup for a scalp and got out. Will watch 1.6550-1.6560. Could retrace from there - but if this becomes support, we may find ourselves @ 1.6620 soon.

I'm on the side

Regards
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  • #277,558
  • Apr 27, 2011 3:53am Apr 27, 2011 3:53am
Quoting _BBKing_
morning bbmac
there is an interesting link on fxlive.com about GDP Q1
http://www.telegraph.co.uk/finance/e...isappoint.html
Hi, thanks for the link...

G/L
ex member
  • #277,559
  • Apr 27, 2011 3:55am Apr 27, 2011 3:55am
missed the bullish butterfly by 5 pips LOL

oh well onto the next

hope you guys managed to get in on it
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"Millionaires don't use astrology, billionaires do"
  • #277,560
  • Apr 27, 2011 3:56am Apr 27, 2011 3:56am
Quoting TauTrader
Yip, hindsight is a wonderful thing. Traded the setup for a scalp and got out. Will watch 1.6550-1.6560. Could retrace from there - but if this becomes support, we may find ourselves @ 1.6620 soon.

I'm on the side

Regards

i exactly know what you mean...
on charts i posted above here same page my plan was a buy near 6440.
i did it but i also have another one at higher price.
if GDP would have been bad, getting 2 stops in only 1 move was too much for me today!

now few minutes next h1 can tell another boost to 6580
let see if goes or gives a pullback
90% of traders use TA, indicators and prediction
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