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Cable Update (GBPUSD)

  • #291,301
  • Oct 26, 2011 12:06pm Oct 26, 2011 12:06pm
Quoting 16Nov16
Kaspopsicle,

Not sure that I understand your question. Would be delighted to answer if you could rephrase or expand a bit more.

Cheers.
Was taking the piss out of his typographical error...should have read retirement...not returement...i think
All systems of divination, like music itself,work through patterns.
  • #291,302
  • Oct 26, 2011 12:18pm Oct 26, 2011 12:18pm
am i the only fool buying a scalp @5906?
90% of traders use TA, indicators and prediction
  • #291,303
  • Oct 26, 2011 12:20pm Oct 26, 2011 12:20pm
Re Eu decision - If Eurusd reacts it is very likely that the strongly correlated gbpusd will go with it ........the 4hr chart below shows the downside potential support/rbs factors on this paiting, ie previous near-term obvious swing lo's and hi's (potential rbs) fibs from the main 4hr and 4hr/daily swing lo's from and including 5270 (current yearly lo) to current daily hi 6042 (Daily R1) Not shown here are the Calculated pivots but Weekly pivot is @/around 5851 with Weekly S1 and Monthly Pivot @/around 5731/5720 respectively.
　
Should price react positively to any announcement ...@ and above current daily Hi (@ Daily R1) is:

6035-42 previous 1hr swing hi zone -co-existant with 6042-84 prev 4hr/daily swing hi zone incl 6072 = Wkly R1 @/around and Daily R2 @/around 6081
6103 61.8% 6617-5270
6110-6127 prev daily sw lo zone (non immed) incl 6117 Monthly R1 @/around and Daily R3 @/around
6163-6206 prev 4hr sw hi zone incl 6173 = 76.4% 6454-5270, 6181=61.8% 6746-5270 and 6194 = Wkly R2 @/around
6240-77 prev daily swing lo zone (non-immed)
6300 76.4% 6617-5270

Whatever happns and if you are trading the immediate aftermath if and when it comes lol!

G/L
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ex member
  • #291,304
  • Oct 26, 2011 12:21pm Oct 26, 2011 12:21pm
Quoting _BBKing_
am i the only fool buying a scalp @5906?
oh well.
out half +10
another half is for 5925/30
90% of traders use TA, indicators and prediction
  • #291,305
  • Oct 26, 2011 12:25pm Oct 26, 2011 12:25pm
Quoting _BBKing_
oh well.
out half +10
another half is for 5925/30
selling this mini rally? for further downside?
  • #291,306
  • Oct 26, 2011 12:29pm Oct 26, 2011 12:29pm
Usdx still in down trend H4 and Daily
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #291,307
  • Oct 26, 2011 12:30pm Oct 26, 2011 12:30pm
Quoting western
selling this mini rally? for further downside?
i wait tomorrow for new downside...
let daily candle close first as also others said before
90% of traders use TA, indicators and prediction
  • #291,308
  • Oct 26, 2011 12:32pm Oct 26, 2011 12:32pm
ok i think my day is done!
good luck you all see tomorrow!
90% of traders use TA, indicators and prediction
  • #291,309
  • Oct 26, 2011 12:34pm Oct 26, 2011 12:34pm
38.2% 5629-6042 (current daily hi) is where the current daily lo is, current near-term 1hr screenshot to the upside is below:

G/L
Attached Image
ex member
  • #291,310
  • Oct 26, 2011 12:35pm Oct 26, 2011 12:35pm
Quoting _BBKing_
in my h4 chart i clearly see price called by 5860.
i don't touch it until i see action there.

if hold daily into/above that line, possible to see a quick move up
but imo.... everything is reversing here!
Ooops what happened there?
All systems of divination, like music itself,work through patterns.
  • #291,311
  • Oct 26, 2011 1:48pm Oct 26, 2011 1:48pm
Quoting kaspopsicle
Ooops what happened there?
uhm looks like euro dinner is driving some risk appetite on markets after today's crash prices look good for buyers.

about the 5860 i still think need to be touched in retest.
since still not going. will be first target from higher level, assuming that it now goes more up....
90% of traders use TA, indicators and prediction
  • #291,312
  • Oct 26, 2011 2:17pm Oct 26, 2011 2:17pm
Quoting _BBKing_
uhm looks like euro dinner is driving some risk appetite on markets after today's crash prices look good for buyers.

about the 5860 i still think need to be touched in retest.
since still not going. will be first target from higher level, assuming that it now goes more up....
bon appetit, bueno appetito . Technically, i'd say we have quite a lot more scalpy munchies up and down before we see any direction. i dont do fundies other than very basic terminology.... and that only so's i can understand what my mates are on about.
The only line i see at 5858 is doji 12 sept. This is a level that i acknowledge as bottom line in current demand zone. However, my line for support is drawn at 890. All part of the fun and games. ..
All systems of divination, like music itself,work through patterns.
  • #291,313
  • Oct 26, 2011 5:45pm Oct 26, 2011 5:45pm
Quoting Rom-pom-pom
hello. entered short at TL
the pair found resistence and support two times per chart. strong yoyo zone
Attached Image
  • #291,314
  • Oct 26, 2011 6:21pm Oct 26, 2011 6:21pm
Morning and Night,

my view

Cheers
not euphoria follower
  • #291,315
  • Oct 26, 2011 9:01pm Oct 26, 2011 9:01pm
-UPDATE: Banks Near Agreement To Take 50% Loss On Greek Debt
-EU leaders are close on 50 pct haircut on Greek debts – Reuters quoting sources

Well its good to have a bald head.. no need haircut.

Long live bald head.. erm haircut !
  • #291,316
  • Oct 26, 2011 9:24pm Oct 26, 2011 9:24pm
100 % vs 50 % haircut

Quoting gsantri
-UPDATE: Banks Near Agreement To Take 50% Loss On Greek Debt
-EU leaders are close on 50 pct haircut on Greek debts – Reuters quoting sources

Well its good to have a bald head.. no need haircut.

Long live bald head.. erm haircut !
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not euphoria follower
  • #291,317
  • Oct 26, 2011 9:29pm Oct 26, 2011 9:29pm
  • #291,318
  • Oct 26, 2011 9:31pm Oct 26, 2011 9:31pm

Quoting gsantri
not euphoria follower
  • #291,319
  • Oct 26, 2011 9:58pm Oct 26, 2011 9:58pm


Quoting iqyu5an
100 % vs 50 % haircut
  • #291,320
  • Oct 26, 2011 10:09pm Oct 26, 2011 10:09pm

Quoting clientfx
not euphoria follower
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