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Cable Update (GBPUSD)

  • #315,721
  • Jun 7, 2012 5:43am Jun 7, 2012 5:43am
Quoting PoundTrader
come on long
I've seen the light bro, I've seen the light

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Come with me if you want to live....
  • #315,722
  • Jun 7, 2012 5:45am Jun 7, 2012 5:45am
Quoting _BBKing_
yes usually this daily formation allow us to think probabilities are imbalanced in favor of longs. but i would add to be very cautious since we still are in strong downward pressure and fundamentals don't care about candles

let's see BOE data
Could not agree more
  • #315,723
  • Jun 7, 2012 5:48am Jun 7, 2012 5:48am
RSI under 50 line stochs crossed waiting for that red level to be touched.

still waiting for 1.5418-20 to load long or lower @1.5400-1.5395 and very last 1.5320-30
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  • #315,724
  • Jun 7, 2012 6:03am Jun 7, 2012 6:03am
was a long time i didn't post it
Attached Images
90% of traders use TA, indicators and prediction
  • #315,725
  • Jun 7, 2012 6:09am Jun 7, 2012 6:09am
Quoting _BBKing_
was a long time i didn't post it
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Come with me if you want to live....
  • #315,726
  • Jun 7, 2012 6:11am Jun 7, 2012 6:11am
@1.5520. king cannot resist to do QE. He has to eventually do it.
  • #315,727
  • Jun 7, 2012 6:11am Jun 7, 2012 6:11am
hmmmmm got pretty quite in here.......



everyone's mouth dropped to the floor?


I was flat - that was one hell of a manipulated move up and down -

I don't trust any move - when you have profit...take it.
  • #315,728
  • Jun 7, 2012 6:11am Jun 7, 2012 6:11am
Quoting Zircon
Morning,

I do not care about fundi too.

price behaviuours is the tricks.
this time fundies helped!
what i meant is: if BOE increased QE now price was in 53 area totally un-caring about daily candlesticks, supports, lines, fibos etc..! just this
in fact a lot of traders went short near 5500, and i was angry with my self that i did not hedge my position.

Welcome To Forex

looking now to add if price shows reasons near previous top range area.

good luck people,
i'm out and busy
90% of traders use TA, indicators and prediction
  • #315,729
  • Jun 7, 2012 6:13am Jun 7, 2012 6:13am
Quoting Faller
hmmmmm got pretty quite in here.......



everyone's mouth dropped to the floor?


I was flat - that was one hell of a manipulated move up and down -

all credit goes to king. but he has done a big mistake by not doing qe
  • #315,730
  • Jun 7, 2012 6:14am Jun 7, 2012 6:14am
Quoting Faller
hmmmmm got pretty quite in here.......



everyone's mouth dropped to the floor?


I was flat - that was one hell of a manipulated move up and down -

uhm personally i read it like follow:
1.55 proved supply last touch. traders went short near it ahead of BOE data just like some other traders went long in the opposite side 1.5440.
market proved correct the long side this time.

another time will not be like this
90% of traders use TA, indicators and prediction
  • #315,731
  • Jun 7, 2012 6:16am Jun 7, 2012 6:16am
quiet as FF was down due to high server load

covered half for 28 pips the rest stopped @ BE

opened 2 buys@ 1.5500 and one sell @ 1.5535 that I closed for 11 pips

now I will leave the longs to go as high as 1.5650
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  • #315,732
  • Jun 7, 2012 6:22am Jun 7, 2012 6:22am
Quoting redbeben
quiet as FF was down due to high server load

covered half for 28 pips the rest stopped @ BE

opened 2 buys@ 1.5500 and one sell @ 1.5535 that I closed for 11 pips

now I will leave the longs to go as high as 1.5650

good trading!!
if i could, i would give you another vouch! keep on!
90% of traders use TA, indicators and prediction
  • #315,733
  • Jun 7, 2012 6:24am Jun 7, 2012 6:24am
omg, just noticed this few seconds aago!!
did anyone noticed?????

edit: if i noticed.... i would have loaded 3x normal size instead of half size! damn.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.jpg Size: 92 KB
Attached Image
90% of traders use TA, indicators and prediction
  • #315,734
  • Jun 7, 2012 6:28am Jun 7, 2012 6:28am
question is......

is this move up because of no QE right now.....or is it because of the announced rate cut out of China - the China news came out 10 seconds before the UK news.......will have to see how the day plays out -

just some info for those that did not hear the news.

Faller.
I don't trust any move - when you have profit...take it.
  • #315,735
  • Jun 7, 2012 6:29am Jun 7, 2012 6:29am
Quoting Faller
question is......

is this move up because of no QE right now.....or is it because of the announced rate cut out of China - the China news came out 10 seconds before the UK news.......will have to see how the day plays out -

just some info for those that did not hear the news.

Faller.
i think no QE
  • #315,736
  • Jun 7, 2012 6:29am Jun 7, 2012 6:29am
Quoting _BBKing_
good trading!!
if i could, i would give you another vouch! keep on!
thanks BB, I appreciate it.

I just bought some gold so I will be able to do one vouch or solid gold now....wonder if Bernie will push this baby to 1650-70 today
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  • #315,737
  • Jun 7, 2012 6:33am Jun 7, 2012 6:33am
Quoting Faller
question is......

is this move up because of no QE right now.....or is it because of the announced rate cut out of China - the China news came out 10 seconds before the UK news.......will have to see how the day plays out -

just some info for those that did not hear the news.

Faller.
thank you! didn't notice this!
would explain the strong move in silver and gold!

EDIT: and as always market is moving in hidden news and rumors!!!
90% of traders use TA, indicators and prediction
  • #315,738
  • Jun 7, 2012 6:34am Jun 7, 2012 6:34am
Quoting redbeben
thanks BB, I appreciate it.

I just bought some gold so I will be able to do one vouch or solid gold now....wonder if Bernie will push this baby to 1650-70 today
i missed the train in gold! uff!
luckily i'm in silver
90% of traders use TA, indicators and prediction
  • #315,739
  • Jun 7, 2012 6:36am Jun 7, 2012 6:36am
leaving, i'm late.
good luck you all!
90% of traders use TA, indicators and prediction
  • #315,740
  • Jun 7, 2012 6:40am Jun 7, 2012 6:40am
if euro falls gbp falls.

short covering over.
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