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Cable Update (GBPUSD)

  • #303,901
  • Mar 15, 2012 5:09am Mar 15, 2012 5:09am
Quoting bguguen
And we've dropped back in range... this is really painful to watch... patience bryan... patience... ugh...
He he, safer to be at Starbucks today bro aaawww f#%k!
Sorry bro couldn't resist. Sorry also Smikester
Come with me if you want to live....
  • #303,902
  • Mar 15, 2012 5:14am Mar 15, 2012 5:14am
i think we might retrace back to 50% daily (the red line) before going downwards.. imho

and the green line is where i think the price might be going for the downtrend move..
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  • #303,903
  • Mar 15, 2012 5:16am Mar 15, 2012 5:16am
Quoting Ill-b-back
Thanks bro, but I really don't like these trend continuation sell stop trades, I much prefer peaks and troughs as R/R is so much better. I can also pretty much just set and forget when the signal comes in.
However, it speaks (to me) of a significant drop below my Sell stop to at least 61.8 fib and much further and I don't want to miss the train.
I might just have to stay and watch PA if triggered. Don't like doing that in my part of the world
This sums it up.
Come with me if you want to live....
  • #303,904
  • Mar 15, 2012 5:18am Mar 15, 2012 5:18am
Quoting A-speculator
i think we might retrace back to 50% daily (the red line) before going downwards.. imho

and the green line is where i think the price might be going for the downtrend move..
I'm going to punch you, seriously
Come with me if you want to live....
  • #303,905
  • Mar 15, 2012 5:18am Mar 15, 2012 5:18am
Quoting Ill-b-back
He he, safer to be at Starbucks today bro aaawww f#%k!
Sorry bro couldn't resist. Sorry also Smikester
lol shoot me.... might take the pain of watching the chart of hours hoping for a break out... besides im long on one account and short on another...

check the account on my profile... im having a general Long on GBPUSD today... 0.02 lot on the long though lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,906
  • Mar 15, 2012 5:19am Mar 15, 2012 5:19am
Quoting A-speculator
i think we might retrace back to 50% daily (the red line) before going downwards.. imho

and the green line is where i think the price might be going for the downtrend move..
Are you joking?
Gone to a better place
  • #303,907
  • Mar 15, 2012 5:19am Mar 15, 2012 5:19am
1st upside b/o of the intraday chop fails at Daily Pivot / 50% 5746-5633..back in the chop now.

G/L
ex member
  • #303,908
  • Mar 15, 2012 5:21am Mar 15, 2012 5:21am
Quoting Ill-b-back
I'm going to punch you, seriously
lol.
  • #303,909
  • Mar 15, 2012 5:21am Mar 15, 2012 5:21am
Seriously though big news coming out of the USA in the next 10 minutes and more later. I won't be posting much from now on...
Gone to a better place
  • #303,910
  • Mar 15, 2012 5:22am Mar 15, 2012 5:22am
Quoting bguguen
lol shoot me.... might take the pain of watching the chart of hours hoping for a break out... besides im long on one account and short on another...

check the account on my profile... im having a general Long on GBPUSD today... 0.02 lot on the long though lol
In the leg or should I put you out of your misery altogether?
Come with me if you want to live....
  • #303,911
  • Mar 15, 2012 5:25am Mar 15, 2012 5:25am
Quoting Ill-b-back
In the leg or should I put you out of your misery altogether?
hmmm shooting me in the leg would cause more misery if i dont die from the pain... hmmmm
you might shoot me in the head lol...

OR OR an arrow to my knee, that should do it....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,912
  • Mar 15, 2012 5:26am Mar 15, 2012 5:26am
Quoting smikester
Are you joking?
nah.. i think the reason the price unable to break the support is because the price is not attempting enough for the bears hence it might go upwards first to gain enough momentum to break the support, well it's not a minor support we're talking about now, right?

To do that, the price need to get higher to get the bears on board. Think the price as a rubberband, the higher it gets the higher the momentum, so it might be able to break that cluster support, that's just my opinion, i don't think it will get to break only just by small retracement.
  • #303,913
  • Mar 15, 2012 5:26am Mar 15, 2012 5:26am
hmmm i got 0.1 lot Short on my Manual Account and 0.02 lot long on my Auto account...

if GBPUSD goes down my auto account will keep adding long until it retraces
soo doesnt really matter which direction its going for me...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,914
  • Mar 15, 2012 5:26am Mar 15, 2012 5:26am
looks like reversal.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,915
  • Mar 15, 2012 5:27am Mar 15, 2012 5:27am
Quoting A-speculator
nah.. i think the reason the price unable to break the support is because the price is not attempting enough for the bears hence it might go upwards first to gain enough momentum to break the support, well it's not a minor support we're talking about now, right?

To do that, the price need to get higher to get the bears on board. Think the price as a rubberband, the higher it gets the higher the momentum, so it might be able to break that cluster support, that's just my opinion, i don't think it will get to break only just by small retracement....
any break Upwards is called a break of a Resistance... Resistance is always on the upside and support on the bottom... break of a resistance turns into a support usually unless its a fake breakout...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,916
  • Mar 15, 2012 5:29am Mar 15, 2012 5:29am
Quoting bguguen
hmmm i got 0.1 lot Short on my Manual Account and 0.02 lot long on my Auto account...

if GBPUSD goes down my auto account will keep adding long until it retraces
soo doesnt really matter which direction its going for me...
No news is playing here my kid.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,917
  • Mar 15, 2012 5:32am Mar 15, 2012 5:32am
Quoting Zircon
No news is playing here my kid.
not your kid but im not saying theres any news to play with... though some mixed numbers in US just now... will they focus on better employment? or will they focus on the rising prices?? hmmmm
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,918
  • Mar 15, 2012 5:33am Mar 15, 2012 5:33am
Quoting bguguen
any break Upwards is called a break of a Resistance... Resistance is always on the upside and support on the bottom... break of a resistance turns into a support usually unless its a fake breakout...
if the price goes to the 50% daily, it's still making lower high so still not violate the bearish view.. and i think that's where it's going.. 5790/5800 is a very interesting resistance, don't you think?
  • #303,919
  • Mar 15, 2012 5:37am Mar 15, 2012 5:37am
Quoting bguguen
not your kid but im not saying theres any news to play with... though some mixed numbers in US just now... will they focus on better employment? or will they focus on the rising prices?? hmmmm
I said reversal before those names and bla bla , sorry for fundamatalist,.

I am old than you, telling you my kid is normal in our country
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,920
  • Mar 15, 2012 5:39am Mar 15, 2012 5:39am
the numbers that being released a moment ago turns out to be positive.. this is what i'm saying that the fundamentals are following technicals.. and i keep on seeing this again and again..

no matter if they engineered the numbers but the price will shows the outcome of the news days ahead.. with that said, i don't think the price will break the support in the short term basis..
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