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Cable Update (GBPUSD)

  • #313,641
  • May 17, 2012 5:38pm May 17, 2012 5:38pm
They (elite wealthy) are devalueing the pound in time for their trip to London to watch the Olympics
  • #313,642
  • May 17, 2012 5:40pm May 17, 2012 5:40pm
Quoting 2+2=4ex
They (elite wealthy) are devalueing the pound in time for their trip to London to watch the Olympics
yea i know that... thats why i told navin to be careful when it was around 1.63.... in fact with the fundamentals UK had since the rally from 1.52 GBPUSD is WAY overdue for the correction like this....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,643
  • May 17, 2012 6:26pm May 17, 2012 6:26pm
for time being it is bearish...

anyway opened one more leg at 1.58 short... just woke up.

this my 7th leg i have closed three legs yesterday...

anyway we will see what happens....

this week results 100% of my initial investment.

Happy pippin..
I am a hunter...i kill both bulls and bears...
  • #313,644
  • May 17, 2012 6:52pm May 17, 2012 6:52pm
Quoting PoundTrader
i hope all went with the trend, at first i took a 48 pip loss going long now im up over 170 pips for the week, thats how my system works it turns when the market turns just a liitle late at times.
my last short for the week, short at 1.5804, s/l 1.5890, t/p 1.5732.
  • #313,645
  • May 17, 2012 7:07pm May 17, 2012 7:07pm
Quoting PoundTrader
my last short for the week, short at 1.5804, s/l 1.5890, t/p 1.5732.
Hey Pound trader

That's it. keep moving.There is no bullish signal and price is going down without any resistance from bulls.
Even i have legs at different areas as long as we are in the trend we will get paid.If it reverse then we may loose one leg.

Till now there is no reversal sign from daily or 4h charts.

happy pippin....
I am a hunter...i kill both bulls and bears...
  • #313,646
  • May 17, 2012 8:04pm May 17, 2012 8:04pm
Quoting oathbreaker
Hey Pound trader

That's it. keep moving.There is no bullish signal and price is going down without any resistance from bulls.
Even i have legs at different areas as long as we are in the trend we will get paid.If it reverse then we may loose one leg.

Till now there is no reversal sign from daily or 4h charts.

happy pippin....
  • #313,647
  • May 17, 2012 8:45pm May 17, 2012 8:45pm
Quoting PoundTrader
already +60 pips in the morning....

i am going to office...have a nice day....

Keep pippin..until trend changes....
I am a hunter...i kill both bulls and bears...
  • #313,648
  • May 17, 2012 8:51pm May 17, 2012 8:51pm
Quoting oathbreaker
already +60 pips in the morning....

i am going to office...have a nice day....

Keep pippin..until trend changes....
Becareful dude.... theres an Upward trend support at 1.5755/50 area..... and we reached this area before london... London might open pushing this thing back up only for US to push it down again...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,649
  • May 17, 2012 9:07pm May 17, 2012 9:07pm
Quoting bguguen
Becareful dude.... theres an Upward trend support at 1.5755/50 area..... and we reached this area before london... London might open pushing this thing back up only for US to push it down again...
  • #313,650
  • May 17, 2012 9:10pm May 17, 2012 9:10pm
Quoting bguguen
Becareful dude.... theres an Upward trend support at 1.5755/50 area..... and we reached this area before london... London might open pushing this thing back up only for US to push it down again...
good news isnt it ??
so we can scalp buy, and sell on the better higher price.
  • #313,651
  • May 17, 2012 9:26pm May 17, 2012 9:26pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
Becareful dude.... theres an Upward trend support at 1.5755/50 area..... and we reached this area before london... London might open pushing this thing back up only for US to push it down again...

Dude... Do you ever sleep??
  • #313,652
  • May 17, 2012 9:33pm May 17, 2012 9:33pm
Quoting eggs
Dude... Do you ever sleep??
yep i do sleep but my sleep pattern changes now and then.. why?? well im a university students...
its a good thing really sometimes you fall asleep when the market is most active... Why would you ask??
well its simple... when Market is at its most active times, its also means bullshits get to drive market, sometimes sleeping through all that mumbo jumbo crap ACTUALLY helps....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,653
  • May 17, 2012 9:37pm May 17, 2012 9:37pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting bguguen
yep i do sleep but my sleep pattern changes now and then.. why?? well im a university students...
its a good thing really sometimes you fall asleep when the market is most active... Why would you ask??
well its simple... when Market is at its most active times, its also means bullshits get to drive market, sometimes sleeping through all that mumbo jumbo crap ACTUALLY helps....

Heard that in my deaf ear.
  • #313,654
  • May 17, 2012 9:39pm May 17, 2012 9:39pm
Quoting bguguen
Becareful dude.... theres an Upward trend support at 1.5755/50 area..... and we reached this area before london... London might open pushing this thing back up only for US to push it down again...
Dude...do u ever sleep...

This is my hindsight...Untill Greek issue solves i don't think it will stop any where...

Any way i am a small retail trader...
I don't define trend...i will go with the flow...if it is up i will go long...if it is down i will go short...
I am a hunter...i kill both bulls and bears...
  • #313,655
  • May 17, 2012 9:43pm May 17, 2012 9:43pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
USD should run up against some resistance with EU DOUBLE bottom & swissy DOUBLE top both within close range.

Nothing goes in one direction continuously. No matter how bad the fundies.

Not to mention the 50% fib of the rise bug has mentioned earlier.

All that being said... no reason for any of us here to be picking a bottom for this thing.
  • #313,656
  • May 17, 2012 9:51pm May 17, 2012 9:51pm
Quoting oathbreaker
Dude...do u ever sleep...

This is my hindsight...Untill Greek issue solves i don't think it will stop any where...

Any way i am a small retail trader...
I don't define trend...i will go with the flow...if it is up i will go long...if it is down i will go short...
Well buddy i agree with you.... GBPUSD is going to go down.... but like i used to say... for this move to be sustainable, a retracement is needed in order to build up momentum for further down fall.... they cannot just push it down down down without retracement....
Same goes for Pushing GBPUSD Up up up without retracement... thats why i have reason to believe a retracement is due....

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,657
  • May 17, 2012 9:55pm May 17, 2012 9:55pm
Quoting eggs
USD should run up against some resistance with EU DOUBLE bottom & swissy DOUBLE top both within close range.

Nothing goes in one direction continuously. No matter how bad the fundies.

Not to mention the 50% fib of the rise bug has mentioned earlier.

All that being said... no reason for any of us here to be picking a bottom for this thing.
Im not picking a bottom im only suggesting that for this move down to be sustainable down to 5200 and extend towards 5000, we need a retracement here... otherwise this move wont last just like the rally at 1.52 towards 1.63 no retracement at all....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,658
  • May 17, 2012 10:05pm May 17, 2012 10:05pm
I'm seeing a bit of resistance @ a 50% FIB - 1.57670. Daily RSI bouncing off 30 & Stochs way oversold. May get a small pullback today or i'll have to close my long
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  • #313,659
  • May 17, 2012 10:11pm May 17, 2012 10:11pm
Quoting RBlackburn
I'm seeing a bit of resistance @ a 50% FIB - 1.57670. Daily RSI bouncing off 30 & Stochs way oversold. May get a small pullback today or i'll have to close my long
funny how we came up with same analysis.... and my charts are as naked as ever....
i applaud your use of RSI and other indicators but, sometimes i can suprise myself how well my analysis fits with other's perspective coming from completely different indicators....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,660
  • May 17, 2012 10:35pm May 17, 2012 10:35pm
Quoting RBlackburn
I'm seeing a bit of resistance @ a 50% FIB - 1.57670. Daily RSI bouncing off 30 & Stochs way oversold. May get a small pullback today or i'll have to close my long
Looking at historical candle sticks around this area in the past on your chart, i see low stress bars. We may not get a significant retrace until the 61.8 fib where there are some candle closes back in Dec and more recently also.
Come with me if you want to live....
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