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Cable Update (GBPUSD)

  • #304,681
  • Mar 22, 2012 6:58am Mar 22, 2012 6:58am
Looking good....waiting for news!

http://fxmasteratwork.blogspot.com/2...099207-tp.html
  • #304,682
  • Mar 22, 2012 7:00am Mar 22, 2012 7:00am
Quoting A-speculator
i think it's still too soon to add on cable.. it has not make any retracement yet on 4h..

As I said earlier to a similar post.....not sure we will get much of a retrace due to the bad China, Euro and UK numbers....and now negative GDP out of Ireland.
I don't trust any move - when you have profit...take it.
  • #304,683
  • Mar 22, 2012 7:02am Mar 22, 2012 7:02am
lol...fine ONE word of advice would be...PLAN

what some people call luck is what other people known as being prepared...
  • #304,684
  • Mar 22, 2012 7:04am Mar 22, 2012 7:04am
Quoting Faller
As I said earlier to a similar post.....not sure we will get much of a retrace due to the bad China, Euro and UK numbers....and now negative GDP out of Ireland.
Good US unemployment claims could spike price up to all those sell orders, but in the end who the fuck knows!
  • #304,685
  • Mar 22, 2012 7:05am Mar 22, 2012 7:05am
Quoting Faller
As I said earlier to a similar post.....not sure we will get much of a retrace due to the bad China, Euro and UK numbers....and now negative GDP out of Ireland.
And where is todays profit target? 1.5747?
69
  • #304,686
  • Mar 22, 2012 7:06am Mar 22, 2012 7:06am
Quoting smikester
Very good advice. It was more than one word, though. Sorry to be pedantic, but I have 7 little grey men in long overcoats following me round correcting everything I do or say.


Stay of the drink or drugs... lol

Only pulling your leg mate!
  • #304,687
  • Mar 22, 2012 7:07am Mar 22, 2012 7:07am
Quoting bbakker
Good US unemployment claims could spike price up to all those sell orders, but in the end who the fuck knows!

good us jobs numbers will have people running to the US dollar -
I don't trust any move - when you have profit...take it.
  • #304,688
  • Mar 22, 2012 7:07am Mar 22, 2012 7:07am
Quoting Likerty
And where is todays profit target? 1.5747?

1.5725 is possible - futures numbers...forex would be approx 1.5738
I don't trust any move - when you have profit...take it.
  • #304,689
  • Mar 22, 2012 7:08am Mar 22, 2012 7:08am
I'm expecting some serious support at around 1.41, but who knows, we may make lower lows.
Gone to a better place
  • #304,690
  • Mar 22, 2012 7:10am Mar 22, 2012 7:10am
Quoting Faller
good us jobs numbers will have people running to the US dollar -
Good numbers would mean risk on and therefore people buying equities and buying riskier assets, selling US dollar. That is how I see it initially, but when NY opens and they see those numbers out of China and EZ, I think it will be a flight to safety and people running to the US dollar.

I am second guessing here Faller... we shall see how it plays out over the next couple of hours, but for sure, the bears are in control now.
  • #304,691
  • Mar 22, 2012 7:12am Mar 22, 2012 7:12am
Quoting smikester
I'm expecting some serious support at around 1.41, but who knows, we may make lower lows.

lol..
  • #304,692
  • Mar 22, 2012 7:12am Mar 22, 2012 7:12am
Quoting Faller
As I said earlier to a similar post.....not sure we will get much of a retrace due to the bad China, Euro and UK numbers....and now negative GDP out of Ireland.
doesn't matter.. without pullbacks i cannot place any position for cable, perhaps i have to find any other pairs.. it's just my rules on placing order..
  • #304,693
  • Mar 22, 2012 7:14am Mar 22, 2012 7:14am
Quoting Faller
1.5725 is possible - futures numbers...forex would be approx 1.5738
Thanks!
69
  • #304,694
  • Mar 22, 2012 7:16am Mar 22, 2012 7:16am
And what was Pimco's target they say?
69
  • #304,695
  • Mar 22, 2012 7:17am Mar 22, 2012 7:17am
Quoting bbakker
Good numbers would mean risk on and therefore people buying equities and buying riskier assets, selling US dollar. That is how I see it initially, but when NY opens and they see those numbers out of China and EZ, I think it will be a flight to safety and people running to the US dollar.

I am second guessing here Faller... we shall see how it plays out over the next couple of hours, but for sure, the bears are in control now.

So good numbers means that I want to buy euro and gdp after the epic fall from their crap numbers?
I don't trust any move - when you have profit...take it.
  • #304,696
  • Mar 22, 2012 7:18am Mar 22, 2012 7:18am
Quoting Likerty
And what was Pimco's target they say?

1.43ish
I don't trust any move - when you have profit...take it.
  • #304,697
  • Mar 22, 2012 7:20am Mar 22, 2012 7:20am
Quoting smikester
I'm expecting some serious support at around 1.41, but who knows, we may make lower lows.
You mean, like, another move down to the 23.6 FE, and if it breaks this time, the 38.2 FE...hey, I ain't saying owt, just looking.
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  • #304,698
  • Mar 22, 2012 7:22am Mar 22, 2012 7:22am
retracement over
resume bull trend back to 1.5967
  • #304,699
  • Mar 22, 2012 7:27am Mar 22, 2012 7:27am
Quoting Faller
So good numbers means that I want to buy euro and gdp after the epic fall from their crap numbers?
I am talking about risk on/risk off Faller.
  • #304,700
  • Mar 22, 2012 7:33am Mar 22, 2012 7:33am
no movement? i think all the bad news for today has been factored in the market.. turn out to be my EG position is moving.. LOL.
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