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Cable Update (GBPUSD)

  • #292,261
  • Nov 10, 2011 9:13am Nov 10, 2011 9:13am
nice downside follow thru off that last 1hr bearish dark cloud cover close...testing area of immediate post 1200pm gmt Uk data lows now.

outa here again

G/L
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ex member
  • #292,262
  • Nov 10, 2011 9:15am Nov 10, 2011 9:15am
Quoting bbmac
nice downside follow thru off that last 1hr bearish dark cloud cover close...testing area of immediate post 1200pm gmt Uk data lows now.

outa here again

G/L
lets see then if we go into 58 area!
good afternoon see ya tomorrow!
thanks for inputs
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  • #292,263
  • Nov 10, 2011 9:15am Nov 10, 2011 9:15am
I don't think the retracement north is done. A nice long here at 1.5900 with a stop at around 1.5885 seems like a good risk/reward play.
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  • #292,264
  • Nov 10, 2011 9:28am Nov 10, 2011 9:28am
Quoting Geppy
I don't think the retracement north is done. A nice long here at 1.5900 with a stop at around 1.5885 seems like a good risk/reward play.
Good day to you,

Closed short and also looking to enter long....the level we are at now, is predicted close for the day as well. Not a bad idea at all. One expects this level to break down for an instant - then load.

Good luck with your trade - will join you soon.

Regards
  • #292,265
  • Nov 10, 2011 9:30am Nov 10, 2011 9:30am
Quoting Geppy
I don't think the retracement north is done. A nice long here at 1.5900 with a stop at around 1.5885 seems like a good risk/reward play.
you could be right but i wait it to show action below 5900
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  • #292,266
  • Nov 10, 2011 9:32am Nov 10, 2011 9:32am
Quoting Geppy
I don't think the retracement north is done. A nice long here at 1.5900 with a stop at around 1.5885 seems like a good risk/reward play.
Well, that didn't last long lol
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  • #292,267
  • Nov 10, 2011 9:33am Nov 10, 2011 9:33am
Quoting _BBKing_
you could be right but i wait it to show action below 5900
today posting in thread gives me luck

targeted 5885 the short added @5905 while writing previous post
lol
90% of traders use TA, indicators and prediction
  • #292,268
  • Nov 10, 2011 9:35am Nov 10, 2011 9:35am
Quoting PoundTrader
i might be packing my bags in a min, well see
no trading on friday for me, wish all well in your trading
  • #292,269
  • Nov 10, 2011 9:35am Nov 10, 2011 9:35am
what happens if triggers stops below 5870?

how many pips can it boost down? any idea?
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  • #292,270
  • Nov 10, 2011 9:36am Nov 10, 2011 9:36am
Quoting PoundTrader
no trading on friday for me, wish all well in your trading
sorry for your no-profit.
happens!

see soon
90% of traders use TA, indicators and prediction
  • #292,271
  • Nov 10, 2011 9:40am Nov 10, 2011 9:40am
ok out whole 5885.
90% of traders use TA, indicators and prediction
  • #292,272
  • Nov 10, 2011 9:42am Nov 10, 2011 9:42am
I'm still not convinced we'll see follow through, but I'm hanging on the sidelines for now.
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  • #292,273
  • Nov 10, 2011 9:43am Nov 10, 2011 9:43am
Tau it's good to see you back. As you can see this thread is thriving with lots of analysis of varying quality - some stunningly good. I for one don't mind people boasting their successes especially if it follows some thoughtful analysis. When I see people putting in a bit of effort then that's good even if I don't agree with their direction. Let's crowd out the berks.
Gone to a better place
  • #292,274
  • Nov 10, 2011 9:46am Nov 10, 2011 9:46am
update GU
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  • #292,275
  • Nov 10, 2011 9:49am Nov 10, 2011 9:49am
Quoting _BBKing_
ok out whole 5885.
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  • #292,276
  • Nov 10, 2011 9:51am Nov 10, 2011 9:51am
I don't trade Sterling that often. Can anyone explain why it's taking much more of a beating than Euro today?
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  • #292,277
  • Nov 10, 2011 9:56am Nov 10, 2011 9:56am
Quoting Geppy
I don't trade Sterling that often. Can anyone explain why it's taking much more of a beating than Euro today?
imho simple continuation of yesterday's move.
eu went very well down while gu stopped near 5900 where found demand.

eu 1.35 gu should be around 1.57-58

just my 0.5 cents
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  • #292,278
  • Nov 10, 2011 10:01am Nov 10, 2011 10:01am
Quoting _BBKing_
imho simple continuation of yesterday's move.
eu went very well down while gu stopped near 5900 where found demand.

eu 1.35 gu should be around 1.57-58

just my 0.5 cents
i agree u bro...around 1.5816
  • #292,279
  • Nov 10, 2011 10:01am Nov 10, 2011 10:01am
Quoting _BBKing_
imho simple continuation of yesterday's move.
eu went very well down while gu stopped near 5900 where found demand.

eu 1.35 gu should be around 1.57-58

just my 0.5 cents
Yeah that could make sense... basically making up for not dropping so hard yesterday. Just seems odd since the Eurozone is the one under fire.
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  • #292,280
  • Nov 10, 2011 10:03am Nov 10, 2011 10:03am
Quoting abdul_halim
i agree u bro...around 1.5816
around 1.58xx
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