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Cable Update (GBPUSD)

  • #316,641
  • Jun 17, 2012 7:30pm Jun 17, 2012 7:30pm
leave it to the greeks.....

the a coalition party between the new democracy and the syriza parties!!!!

bahhh bahhhh bahh!!!
I don't trust any move - when you have profit...take it.
  • #316,642
  • Jun 17, 2012 8:27pm Jun 17, 2012 8:27pm
Why is GBP so strong against other currencies ?

I was expecting it to be weak.
  • #316,643
  • Jun 17, 2012 8:54pm Jun 17, 2012 8:54pm
http://www.allbestwallpapers.com/tag...wallpapers.jpg
not euphoria follower
  • #316,644
  • Jun 17, 2012 9:51pm Jun 17, 2012 9:51pm
Good day to you,

Last shorts taken late Friday failed miserably.

Looking for a long scalp for a few - just have to find the best entry. Off 30 min. chart

Regards
  • #316,645
  • Jun 17, 2012 11:19pm Jun 17, 2012 11:19pm
Good day everybody!

Hope everyone doing well,

IMO, a careful setup should be done for this week

Is market making its consolidation again? 57-55

Been away for too long
I trade to live
  • #316,646
  • Jun 17, 2012 11:24pm Jun 17, 2012 11:24pm
Quoting Faller
not sure why anyone would buy this news......so Greeks said - sure we vote for the bailout party.......but we have no intention of following the rules....give me money....give me money....give me money......then fak you!!!!

Actually kind of scary.....
Very correct Faller. The broader outlook is not too encouraging. Although the pro-euro NDP won, they still dont have a majority to form a government. This could be déjávu all over again!

These PIIGS( Portugal, Italy, Ireland, Greece and Spain) have been living like drunken sailors for decades now. Tax evation is said to be a national sport in Greece. Hmm... reminds me of a Greek Tragedy!
The only way not to think about money is to have a great deal of it
  • #316,647
  • Jun 17, 2012 11:28pm Jun 17, 2012 11:28pm
I am still using my early April setup charts, some of the old t/l responded quite good. My routine of daytrader of scalping are getting less. Preferable weekly holding now as the market are clearer at bigger t/f.

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Simple n lousy chart,
as always,

Ubu
I trade to live
  • #316,648
  • Jun 17, 2012 11:32pm Jun 17, 2012 11:32pm
Quoting Makavelli7
Very correct Faller. The broader outlook is not too encouraging. Although the pro-euro NDP won, they still dont have a majority to form a government. This could be déjávu all over again!

These PIIGS( Portugal, Italy, Ireland, Greece and Spain) have been living like drunken sailors for decades now. Tax evation is said to be a national sport in Greece. Hmm... reminds me of a Greek Tragedy!

What tragedy was it?

And why Tax evation is said to be a national sport in Greece?
I trade to live
  • #316,649
  • Jun 17, 2012 11:34pm Jun 17, 2012 11:34pm
Quoting TauTrader
Good day to you,

Last shorts taken late Friday failed miserably.

Looking for a long scalp for a few - just have to find the best entry. Off 30 min. chart

Regards
Closed for a massive 8 pips.
  • #316,650
  • Jun 17, 2012 11:43pm Jun 17, 2012 11:43pm
Quoting UbuFamily
What tragedy was it?

And why Tax evation is said to be a national sport in Greece?

Because it is and he is right
Loosening is not an option
  • #316,651
  • Jun 17, 2012 11:52pm Jun 17, 2012 11:52pm
Quoting TauTrader
Closed for a massive 8 pips.
8 green pips?
I trade to live
  • #316,652
  • Jun 18, 2012 12:00am Jun 18, 2012 12:00am
Quoting UbuFamily
8 green pips?
Good day to you, light green...

Weak short signal on daily - but I think from a bit higher. 4hr chart nowhere right now - mixed charts for me. Do not think I will trade today.

All the best to you

Regards
  • #316,653
  • Jun 18, 2012 12:20am Jun 18, 2012 12:20am
Quoting TauTrader
Good day to you, light green...

Weak short signal on daily - but I think from a bit higher. 4hr chart nowhere right now - mixed charts for me. Do not think I will trade today.

All the best to you

Regards
Nice better than being a single red.

Good day to you too sir

Monday not a good day to enter a trade. Except for scalping for sure.

All the best!
I trade to live
  • #316,654
  • Jun 18, 2012 2:31am Jun 18, 2012 2:31am
No real impact re Greek election result in this pairing...after all that lol ! So far today so upside follow thru on Friday's Bullish daily candle and supply at base of the previous Daily swing lo zone (previous support) confluence with 50% of the 6197-5267 4hr swing.

How strong are the bulls after last week's upside breakout of the 5599-5402 4hr range ? Any pullback to there could see some fresh demand emerge there ?

G/L
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ex member
  • #316,655
  • Jun 18, 2012 3:30am Jun 18, 2012 3:30am
Quoting bbmac
No real impact re Greek election result in this pairing...after all that lol ! So far today so upside follow thru on Friday's Bullish daily candle and supply at base of the previous Daily swing lo zone (previous support) confluence with 50% of the 6197-5267 4hr swing.

How strong are the bulls after last week's upside breakout of the 5599-5402 4hr range ? Any pullback to there could see some fresh demand emerge there ?

G/L
Very good descending t/l you drew there.. The bear drop are quite expected few hours ago.. Look at my previous chart, currently collected 60 green

Your highlighted zone are awesome bro!
I trade to live
  • #316,656
  • Jun 18, 2012 4:38am Jun 18, 2012 4:38am
so far look like bulls wanna run, il wait to close so i can enter it in my system
  • #316,657
  • Jun 18, 2012 4:49am Jun 18, 2012 4:49am
Quoting Flatfish
Typical friday price action, price breaks out to one side and continues in that direction. Normally expect a pullback to test the breakout and cable has a tendency to make its low on a Monday. So would like to sell a gap up on cable during Asia, but prices are relativly flat from Fridays close I will wait for London open and take a sell. and maybe look for a buy before London finishes. Just hoping to catch some of the daily range 70-90 pips. small stop above high. Retail sentiment neutral at 50% having been chopped all over the place they are standing...
Price moving as expected- these are very typical moves market makes during a weekend following news. i still prefer sells into London close and look for a buy after that, but market gets tricky so always need to keep a small stop. Like I say cable likes to try and make a low on Mondays so sells are always more succesful on a Monday regardless of rest of the week. Big news tomorrow so market can get more crazy- not a bad thing as long as your not on the wrong side.
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  • #316,658
  • Jun 18, 2012 4:58am Jun 18, 2012 4:58am
http://www.forexfactory.com/attachme...1&d=1339936372
http://www.forexfactory.com/attachme...2&d=1339936372
Quoting iqyu5an
my view but big dogs/greece/etc could change any time they want ...
http://www.trade-forex-harmonic-patt...%20pattern.gif
http://www.trade-forex-harmonic-patt...fly-pic500.jpg
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not euphoria follower
  • #316,659
  • Jun 18, 2012 5:20am Jun 18, 2012 5:20am
Morning guys

this pair normally should drop to 1.5420 area

First stop 1.5609 then 1.5577 and 1.5420

I'll sit on my bum for now as I opened a buy @ 1.5682 and closed it @ 1.5717 so target doubled today...almost.

and I don't have the balls to short now...or maybe I'll jump in with a small position

ok I'm in
sold @1.5673 TP 1.5450 and SL @ 1.5715..I'll close partially @ 1.5609 and 1.5577
  • #316,660
  • Jun 18, 2012 5:23am Jun 18, 2012 5:23am
never jump the gun untill you get full confirmation
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