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Cable Update (GBPUSD)

  • #294,281
  • Dec 8, 2011 3:16am Dec 8, 2011 3:16am
Upside or Downside break ?

B/O -pullback and 2nd B/O ?

G/L
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ex member
  • #294,282
  • Dec 8, 2011 3:36am Dec 8, 2011 3:36am
cleared my cable positions, waiting for clear movement.
  • #294,283
  • Dec 8, 2011 3:39am Dec 8, 2011 3:39am
Quoting _BBKing_
today is bank rate.. any rumors about a change on it???

europe will move market with press conference and stress tests, be careful!
also unemployment claims in usa could give good power.

it will stay the same im sure..they cant increase it yet but not sure if they will plough money in the ecomony thou
euro has moved but cable flying through the wind

what happened yesterday ? ..any big news?
  • #294,284
  • Dec 8, 2011 3:49am Dec 8, 2011 3:49am
an upside b/o of the 5min-1hr congestion was always favourite - wasn't it ?

G/L
ex member
  • #294,285
  • Dec 8, 2011 3:59am Dec 8, 2011 3:59am
GU...M1
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  • #294,286
  • Dec 8, 2011 4:12am Dec 8, 2011 4:12am
Quoting A-speculator
cleared my cable positions, waiting for clear movement.
lol. missed that move, i will let cable have its moment.. loss interest in cable..
  • #294,287
  • Edited 4:21am Dec 8, 2011 4:17am | Edited 4:21am
price pulling back from:

5744-54 prev minor 4hr/1hr/sw hi zone incl 5747 = 85.4% 5780-5560 and 5749 = Mthly Pivot @/around,

Will the previous consolidation range 5min-1hr act as support now ?

G/L
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ex member
  • #294,288
  • Dec 8, 2011 4:20am Dec 8, 2011 4:20am
nice bearish divergence appearing on 15min for a short, short scalp took a small lot to aim for 1.5674 give or take a pip to the daily pivot area.
  • #294,289
  • Dec 8, 2011 4:25am Dec 8, 2011 4:25am
sell..BEP +1
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  • #294,290
  • Dec 8, 2011 4:39am Dec 8, 2011 4:39am
those patterns of regular bearish div all the way up to 1hr...30min shown below
----------------------------------

price challenging top of the prev congestion zone now after the pullback.

Any buy the dip players about ? or is div to 1hr an omen ?

G/L

Quoting SystemFX2011
nice bearish divergence appearing on 15min for a short, short scalp took a small lot to aim for 1.5674 give or take a pip to the daily pivot area.
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ex member
  • #294,291
  • Dec 8, 2011 4:50am Dec 8, 2011 4:50am
Yeh, i noticed that after posting, I had my eyes on the 15 min TF at the time...

I've locked in 8 pips out of the 17+ so far for the scalp
I may close out if the low of that range doesn't get broken.

Quoting bbmac
those patterns of regular bearish div all the way up to 1hr...30min shown below
----------------------------------

price challenging top of the prev congestion zone now after the pullback.

Any buy the dip players about ? or is div to 1hr an omen ?

G/L
  • #294,292
  • Dec 8, 2011 4:59am Dec 8, 2011 4:59am
support...SMA 24,SMA480...Daily Avarage HLCC
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  • #294,293
  • Dec 8, 2011 5:17am Dec 8, 2011 5:17am
Closed a small short at the 200ema which has been a sticky point for the pound. I still prefer to sell than buy and only a close on the 4hr above the 200ema would have me prefering buys. Waiting for news to take next trade
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  • #294,294
  • Dec 8, 2011 5:32am Dec 8, 2011 5:32am
Quoting bbmac
those patterns of regular bearish div all the way up to 1hr...30min shown below
----------------------------------

price challenging top of the prev congestion zone now after the pullback.

Any buy the dip players about ? or is div to 1hr an omen ?

G/L
Good day to you,

I'm still not convinced... Buy the dips is the right way to go. I am in full agreement, but the dips so far has been shallow and not valid in my opinion.

I just battle with the idea that we carry on north from these levels - I took some shorts yesterday late as I was planning to ride price a bit lower so I can go long. So far - this has not played out. If I'm worng - well... i'm wrong and take the losses.

So I wait...

All success
  • #294,295
  • Dec 8, 2011 5:46am Dec 8, 2011 5:46am
Quoting TauTrader
Good day to you,

I'm still not convinced... Buy the dips is the right way to go. I am in full agreement, but the dips so far has been shallow and not valid in my opinion.

I just battle with the idea that we carry on north from these levels - I took some shorts yesterday late as I was planning to ride price a bit lower so I can go long. So far - this has not played out. If I'm worng - well... i'm wrong and take the losses.

So I wait...

All success

not really a surprise..monthly third touch trendline and bottom of range..if the direction is north we should be heading above 1.63
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  • #294,296
  • Dec 8, 2011 6:12am Dec 8, 2011 6:12am
Bullish target as point of confluence at 50% fib, projected trendline and Daily 55 ema. A break above this level would suggest a break of the daily 200ema also, but really don't think even a festive rally could achieve this in our current climate.
Any thoughts?
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Come with me if you want to live....
  • #294,297
  • Dec 8, 2011 6:15am Dec 8, 2011 6:15am
Quoting Ill-b-back
Bullish target as point of confluence at 50% fib, projected trendline and Daily 55 ema. A break above this level would suggest a break of the daily 200ema also, but really don't think even a festive rally could achieve this in our current climate.
Any thoughts?
can i ask u a question when u see my chart what do u see?
  • #294,298
  • Dec 8, 2011 6:17am Dec 8, 2011 6:17am
Good day to you,

I'm cutting my shorts. All out. Losses taken.

Regards
  • #294,299
  • Dec 8, 2011 6:19am Dec 8, 2011 6:19am
Been watching NFP range cable still trading in the range near the top threatening to break higher. Euro at the bottom of its nfp range threatening to go lower.
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  • #294,300
  • Dec 8, 2011 6:25am Dec 8, 2011 6:25am
Quoting TauTrader
Good day to you,

I'm cutting my shorts. All out. Losses taken.

Regards

I think The price is going down now ... It wasn't such a good idea to cut your shorts just yet !!!

I could be wrong though !!!
Human
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