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Cable Update (GBPUSD)

  • #286,881
  • Aug 19, 2011 4:15am Aug 19, 2011 4:15am
a more complex one perhaps

im gonna be honest i might sound double sided on this
i definately see a long building but gbplfx..jumped up yesterday basically a gap and closed it immediately and has been bearish since..kinda has the making of a dark cloud cover..which is probably why i did the short on reflection

but the 4hr on it is bullish
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  • #286,882
  • Aug 19, 2011 4:23am Aug 19, 2011 4:23am
i m interested @6498-6500
still not going again...
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  • #286,883
  • Aug 19, 2011 4:26am Aug 19, 2011 4:26am
Quoting _BBKing_
i m interested @6498-6500
still not going again...

the trend is up shorting this is asking for it..i was stupid
however like i said a broadening traingle is tricky..it wont go up straight
  • #286,884
  • Aug 19, 2011 4:29am Aug 19, 2011 4:29am
Just saw this was posted earlier at forexlive:

Mutterings of cable fix demand

Written by Gerry Davies
August 19, 2011 at 08:38 GMT

As one source said “on the hour, every hour”
Apparently this is just like yesterday.
I wouldn’t know about that as I was a disinterested observer yesterday. Great afternoon though http://www.forexlive.com/wp-includes.../icon_wink.gif Spent most of it in a lovely pub garden.
Back to the cable fix interest; gotta think this is probably M&A related.
  • #286,885
  • Aug 19, 2011 4:33am Aug 19, 2011 4:33am
Quoting _BBKing_
im very sorry bro!
meanwhile i closed my long...
this happen when we think its moving down.
today GU did a very very good trick!
my compliments to market makers/movers..
why buy high when they can buy lower.. they have to let it drop subsequently if they want to get in for a fair average price. their positions are huge.

6530 seems to be a cap since yesterday,
break it decisively --> 6600,
bounce and we could see 6410.
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  • #286,886
  • Aug 19, 2011 4:34am Aug 19, 2011 4:34am
Quoting nAVIN2007
the trend is up shorting this is asking for it..i was stupid
however like i said a broadening traingle is tricky..it wont go up straight
check this h1..
re-drawn the bottom channel + a bit of fib exp/retr

i was waiting 6498-6500 as fibo confluence + DP (near) to buy till 6597.
price touched 6504 unable to get those damn 7 pips for my entry...

now i must wait
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  • #286,887
  • Aug 19, 2011 4:36am Aug 19, 2011 4:36am
good trading
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  • #286,888
  • Aug 19, 2011 4:42am Aug 19, 2011 4:42am
Quoting MaryJane
why buy high when they can buy lower.. they have to let it drop subsequently if they want to get in for a fair average price. their positions are huge.

6530 seems to be a cap since yesterday,
break it decisively --> 6600,
bounce and we could see 6410.

something seems to be happening here
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  • #286,889
  • Aug 19, 2011 4:56am Aug 19, 2011 4:56am
im ight be able to get out of this mess..possible diamond in play
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  • #286,890
  • Aug 19, 2011 5:03am Aug 19, 2011 5:03am
what a insane move on gold...
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  • #286,891
  • Aug 19, 2011 5:06am Aug 19, 2011 5:06am
Quoting MaryJane
why buy high when they can buy lower.. they have to let it drop subsequently if they want to get in for a fair average price. their positions are huge.

6530 seems to be a cap since yesterday,
break it decisively --> 6600,
bounce and we could see 6410.
yes the 6400-10 still waitin there alone....
looks a bit far for the moment, but who knows?!
90% of traders use TA, indicators and prediction
  • #286,892
  • Aug 19, 2011 5:07am Aug 19, 2011 5:07am
Quoting nAVIN2007
im ight be able to get out of this mess..possible diamond in play
if you think this is a mess you are over leveraging navin ...
100 pips loss is not suprise imho
good luck,good trading

*ı remember your lines to block move 2 more years before you made my day
  • #286,893
  • Aug 19, 2011 5:12am Aug 19, 2011 5:12am
price needs another shake
maybe NY will help!

they are so good on shakings!!
90% of traders use TA, indicators and prediction
  • #286,894
  • Aug 19, 2011 5:15am Aug 19, 2011 5:15am
am interested in your red line brother ...

yellow ellipse in ??? :http://www.forexfactory.com/attachme...9&d=1313740048

we got the answer right now ? ahh dunno.....

Quoting nAVIN2007
im ight be able to get out of this mess..possible diamond in play
not euphoria follower
  • #286,895
  • Aug 19, 2011 5:18am Aug 19, 2011 5:18am
m5 action..
6518 or 6470
lets see
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  • #286,896
  • Aug 19, 2011 5:18am Aug 19, 2011 5:18am
Quoting riko2705
if you think this is a mess you are over leveraging navin ...
100 pips loss is not suprise imho
good luck,good trading

*ı remember your lines to block move 2 more years before you made my day

im in a position where i have locked in more than 350 pips and yur talking about me being over leveraged..

im in a mess cause i wanna go up but cant cause i locked myself in..at a stupid price
  • #286,897
  • Aug 19, 2011 5:21am Aug 19, 2011 5:21am
Quoting iqyu5an
am interested in your red line brother ...

yellow ellipse in ??? :http://www.forexfactory.com/attachme...9&d=1313740048

we got the answer right now ? ahh dunno.....


hopefully she will give an opportunity to buy at lower trendline to go up..
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  • #286,898
  • Aug 19, 2011 5:21am Aug 19, 2011 5:21am
Quoting nAVIN2007
im in a position where i have locked in more than 350 pips and yur talking about me being over leveraged..

im in a mess cause i wanna go up but cant cause i locked myself in..

sorry , forget...
  • #286,899
  • Aug 19, 2011 5:24am Aug 19, 2011 5:24am
Quoting riko2705
sorry , forget...

no problem
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  • #286,900
  • Aug 19, 2011 5:55am Aug 19, 2011 5:55am
Barclays -6.2%, Loyds -5.7%,Royal Bank of Scotland -3.7%,FTSE 100 -2,4%

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