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Cable Update (GBPUSD)

  • #290,061
  • Oct 5, 2011 2:37am Oct 5, 2011 2:37am
i picked short
below the reason.


trailing stop tight
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  • #290,062
  • Oct 5, 2011 2:42am Oct 5, 2011 2:42am
not an easy situation imo.
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  • #290,063
  • Oct 5, 2011 2:46am Oct 5, 2011 2:46am
ok trailing stop triggered.
out 50% +15 and 50% stop @be
i feel better now.
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  • #290,064
  • Oct 5, 2011 2:50am Oct 5, 2011 2:50am
Hi BB,

and you'll likely feel even better if still in that trade and Uk services pmi number comes in under 50 !

G/L

Quoting _BBKing_
ok trailing stop triggered.
out 50% +15 and 50% stop @be
i feel better now.
ex member
  • #290,065
  • Oct 5, 2011 2:52am Oct 5, 2011 2:52am
out +8
i dont feel it anymore.
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  • #290,066
  • Oct 5, 2011 2:54am Oct 5, 2011 2:54am
Quoting bbmac
Hi BB,

and you'll likely feel even better if still in that trade and Uk services pmi number comes in under 50 !

G/L
morning bbmac,
i just got out of that trade...
will try to pick a better one after data
5410-5415 acting as support for the moment

possible a move up, but lets see, who knows?!
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  • #290,067
  • Oct 5, 2011 3:00am Oct 5, 2011 3:00am
better shown here
possible minor demand area to move near ysterday's high again or 5450.60
also a bear flag appears.

2 opposite things...
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  • #290,068
  • Oct 5, 2011 3:15am Oct 5, 2011 3:15am
what has happened to people in this thread?! gosh
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  • #290,069
  • Oct 5, 2011 3:32am Oct 5, 2011 3:32am
mixed data
bad final gdp

if goes down i will search an entry buy
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  • #290,070
  • Oct 5, 2011 3:34am Oct 5, 2011 3:34am
bought 1/3 position 5450 Sl 15pips (daily gains) tgt 5540 res
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  • #290,071
  • Oct 5, 2011 3:35am Oct 5, 2011 3:35am
BB u r bullish this pair?

I really expect this pair to continue its bearish trend with more and more BOE members expressing a need for QE2

if at tmmrws announcement asset purchases exceed the 200Bln mark i think the Gbp will get hammered...
  • #290,072
  • Oct 5, 2011 3:47am Oct 5, 2011 3:47am
Quoting Wulfgar
BB u r bullish this pair?

I really expect this pair to continue its bearish trend with more and more BOE members expressing a need for QE2

if at tmmrws announcement asset purchases exceed the 200Bln mark i think the Gbp will get hammered...
yes true i agree
what i mean is for today... that 55 area would need a test before more down to get 52's.
just my 2 cents
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  • #290,073
  • Oct 5, 2011 3:48am Oct 5, 2011 3:48am
Quoting Wulfgar
BB u r bullish this pair?

I really expect this pair to continue its bearish trend with more and more BOE members expressing a need for QE2

if at tmmrws announcement asset purchases exceed the 200Bln mark i think the Gbp will get hammered...

look at the news releases..pmi services it came out better..what makes u think the figures are going to result in more QE especially with inflation increasing?
  • #290,074
  • Oct 5, 2011 3:52am Oct 5, 2011 3:52am
Price breaks upside of that descending trend line on 1hr on better than expected Uk services Pmi..after finding support at the previous 1hr swing hi/lo zone ahead of that release...76.4% 5495-5411 caps the upside for now... 1hr probably a little mixed re opa atm, 4hr/daily remain in downtrend. Y/day printed a bullish hammer on the daily...- what chance upside follow thru on that ?

G/L
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ex member
  • #290,075
  • Oct 5, 2011 3:54am Oct 5, 2011 3:54am
end of this m30 will decide if hold my long or close it
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  • #290,076
  • Oct 5, 2011 3:55am Oct 5, 2011 3:55am
Hi nav,

Final Q2 Gdp was worse than previous @ -0.1%...without any really good news...extension of @ least £50billion in Qe is the greater probability by the Boe/Mpc either at this October meeting or November...as for inflation - well some say that we can inflate our way out of the debt crisis ?

G/L

Quoting nAVIN2007
look at the news releases..pmi services it came out better..what makes u think the figures are going to result in more QE especially with inflation increasing?
ex member
  • #290,077
  • Oct 5, 2011 4:00am Oct 5, 2011 4:00am
out +15
now i wait
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  • #290,078
  • Oct 5, 2011 4:01am Oct 5, 2011 4:01am
Quoting bbmac
Hi nav,

Final Q2 Gdp was worse than previous @ -0.1%...without any really good news...extension of @ least £50billion in Qe is the greater probability by the Boe/Mpc either at this October meeting or November...as for inflation - well some say that we can inflate our way out of the debt crisis ?

G/L
thanks buddy..
i always follow the charts and according to me the gbp strength just start increasing..doesnt really spell QE but these are bad times
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  • #290,079
  • Oct 5, 2011 4:34am Oct 5, 2011 4:34am
There's a bit too much going on for me to make a trade on this pair. Good news release in a strong downtrend, Dow bounce, pin bar on daily - counter trend.

For me, a confused picture on this pair.
Gone to a better place
  • #290,080
  • Oct 5, 2011 4:40am Oct 5, 2011 4:40am
Hello guys,
I already post this message but no one replied me.
Toiday we had the Service PMI for GBP. again the move was done two mnutes before public release. does anyone know how we can subscribe this news and similar news from Thomson Reuters? I searched a lot but no result. what is the exact page address that we can subscribe?
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