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Cable Update (GBPUSD)

  • #291,701
  • Nov 2, 2011 4:33am Nov 2, 2011 4:33am
surprise rise in constr pmi to 53.9 from 50.1 prev/forecast...knee-jerk £ buying on release.

G/L
ex member
  • #291,702
  • Nov 2, 2011 4:39am Nov 2, 2011 4:39am
green and slow bull.... can cable break opening price of yesterday ? that's my question
Quoting bbmac
surprise rise in constr pmi to 53.9 from 50.1 prev/forecast...knee-jerk £ buying on release.

G/L
not euphoria follower
  • #291,703
  • Nov 2, 2011 4:47am Nov 2, 2011 4:47am
Quoting iqyu5an
green and slow bull.... can cable break opening price of yesterday ? that's my question
I think 6040++ will be the top for the wave mate..
  • #291,704
  • Nov 2, 2011 4:50am Nov 2, 2011 4:50am
Quoting iqyu5an
green and slow bull.... can cable break opening price of yesterday ? that's my question

it will but not easily..we need to base above 1.6..for congestion..that will provide a roadblock for price not to fall so easily..


need to be patient
  • #291,705
  • Nov 2, 2011 4:54am Nov 2, 2011 4:54am
underside of previous 4hr ascending trend line/channel with 76.4% of the 6090-5889 move is where the supply came in...bearish divergence plays 1 and 3min there...3min shown below;

G/L
Attached Image(s) (click to enlarge)
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ex member
  • #291,706
  • Nov 2, 2011 5:02am Nov 2, 2011 5:02am
What i see,

something like resistance but further confirmation is still required.

Stoch : overbought ( but not a must that there is a top, forming divergence or something like that ? who knows )

Adx+Ichi : still bullish + still above cloud


Personally, i am waiting GU got more discounted


*** FOMC is a nightmare for me
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not euphoria follower
  • #291,707
  • Nov 2, 2011 5:10am Nov 2, 2011 5:10am
Final look at current near-term 1hr screenshot...mni latest says a break and clear of 6050 opens up 6070/8-0 likely offers there. U.s data etc later

Outa here,

G/L
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ex member
  • #291,708
  • Nov 2, 2011 5:45am Nov 2, 2011 5:45am
With Greek referendum, we had a biggish stock sell off here in OZ.
With such strong resistance at 61.8 and Daily 200ema, are we looking at least a drop to 38.2 retrace at 1.5820??
Image attached. The 1 hr COG is good and the 4 hr COG is turning over.
Could we end up at the 50% retarce right on the 4 hr 200ema??
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #291,709
  • Nov 2, 2011 6:06am Nov 2, 2011 6:06am
Attached Image (click to enlarge)
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tight stop scalp
  • #291,710
  • Nov 2, 2011 6:40am Nov 2, 2011 6:40am
Quoting Ill-b-back
With Greek referendum, we had a biggish stock sell off here in OZ.
With such strong resistance at 61.8 and Daily 200ema, are we looking at least a drop to 38.2 retrace at 1.5820??
Image attached. The 1 hr COG is good and the 4 hr COG is turning over.
Could we end up at the 50% retarce right on the 4 hr 200ema??
Sold the bounce at 5990. Shorts have a problem at 5950/52. If that breaks somehow, then 5907/5910 (S1) area max goal for the day.
  • #291,711
  • Nov 2, 2011 6:48am Nov 2, 2011 6:48am
Quoting redsword11
Attachment



tight stop scalp

Attached Image (click to enlarge)
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added buy on retest



Attached Image (click to enlarge)
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....... other buy, quick scalp on gold
  • #291,712
  • Nov 2, 2011 7:04am Nov 2, 2011 7:04am
Quoting redsword11
Attachment

added buy on retest



Attachment

....... other buy, quick scalp on gold

Attached Image (click to enlarge)
Click to Enlarge Name: c.gif Size: 10 KB



out upper, locked lower and closed some
  • #291,713
  • Nov 2, 2011 7:09am Nov 2, 2011 7:09am
Quoting redsword11
Attachment


out upper, locked lower and closed some

Attached Image (click to enlarge)
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out most within flag


all objectives achieved
  • #291,714
  • Nov 2, 2011 7:21am Nov 2, 2011 7:21am
Quoting Ill-b-back
With Greek referendum, we had a biggish stock sell off here in OZ.
With such strong resistance at 61.8 and Daily 200ema, are we looking at least a drop to 38.2 retrace at 1.5820??
Image attached. The 1 hr COG is good and the 4 hr COG is turning over.
Could we end up at the 50% retarce right on the 4 hr 200ema??
Hello Ill-b-back,

What is red/blue indicator on your chart?

Regards,

Josef
  • #291,715
  • Nov 2, 2011 8:09am Nov 2, 2011 8:09am
sold @ 1.60358 wont give it much of a manual stop
  • #291,716
  • Nov 2, 2011 8:19am Nov 2, 2011 8:19am
Quoting redsword11
Attachment


out most within flag


all objectives achieved


Attached Image (click to enlarge)
Click to Enlarge Name: c.gif Size: 15 KB



out with some and locked
  • #291,717
  • Nov 2, 2011 8:23am Nov 2, 2011 8:23am
Quoting redsword11
sold @ 1.60358 wont give it much of a manual stop
Me too, out for a quick 24 pips.

Still think this will retest the high for today and possibly up to 1.6080 before a sell off back to 1.60 before news this evening
  • #291,718
  • Nov 2, 2011 8:53am Nov 2, 2011 8:53am
Quoting redsword11
Attachment


out with some and locked



Attached Image (click to enlarge)
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closed lower sell
  • #291,719
  • Nov 2, 2011 10:25am Nov 2, 2011 10:25am
Greek Exit From Euro Zone Just a 'Matter of Time'


Quoting iqyu5an
my imho ...

there should be economy revolution but not haircut

haircut ??? euro leader let private sector got loss. stupid and too selfish for euro leader

there should be cut interest...in short term, the currency will get weaker but long term there will be strong fundamental with low cost economy so the currency get stronger.....

Greece should be cut also. sorry but like or dislike trouble maker should be cut ... ( example... why a doctor make amputation ? there should be critical reason behind..............life ! )


take a look...
not euphoria follower
  • #291,720
  • Nov 2, 2011 10:32am Nov 2, 2011 10:32am
Quoting redsword11
Attachment


closed lower sell
very good job!
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