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Cable Update (GBPUSD)

  • #318,181
  • Jul 5, 2012 7:33am Jul 5, 2012 7:33am
Quoting bguguen
the blind leading the blind?
Attachment
Tech perspective...
i see MACD Divergence, i see Widening bollinger band...
I see a bearish engulfing candle
I see very bearish signals over all charts look at top right corner...
i see 1.5600 rejection.... we shall visit 1.5500 thank you very much... ill be scaling out there then aim for 1.5210 lows
Atlast... i see dead people....
I.m long since 1.5710.i just hope we go back there before i have a margin call.
What should we see first?bottom or by tmr evening a higher high?
  • #318,182
  • Jul 5, 2012 7:35am Jul 5, 2012 7:35am
Quoting redbeben
I.m long since 1.5710.i just hope we go back there before i have a margin call.
What should we see first?bottom or by tmr evening a higher high?
Well your best bet for a bounce is 1.5550 which is the Supporting trendline from the daily chart... and we are having very very heavy pressure... if you see my chart... on the right side we have a daily range of only 80 pips at 1.5550 while the averages are showing 111-120 pips means we may still have a further 30-40 pips move.... baring today is a highly news day and news driven, by USD strength, im betting we'll break and that will open the way to 1.5200 lows
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,183
  • Jul 5, 2012 7:38am Jul 5, 2012 7:38am
man, didn't think it will drop so hard
  • #318,184
  • Jul 5, 2012 7:39am Jul 5, 2012 7:39am
Quoting bguguen
the blind leading the blind?
Attachment
Tech perspective...
i see MACD Divergence, i see Widening bollinger band...
I see a bearish engulfing candle
I also see.... gold dump for USD strength... Yawn...
I see very bearish signals over all charts look at top right corner...
i see 1.5600 rejection.... we shall visit 1.5500 thank you very much... ill be scaling out there then aim for 1.5210 lows
Atlast... i see dead people....
I can't believe you inspired me to dust off this old template, but it seems to still work
Some good confluence at the 61.8 retrace on the daily and weekly.

Threw in a cgart of my own design for good measure
Attached Image(s) (click to enlarge)
Click to Enlarge Name: christmas trade161if.gif Size: 23 KB
Click to Enlarge Name: christmas trade162if.gif Size: 18 KB
Click to Enlarge Name: christmas trade160if.gif Size: 17 KB
Come with me if you want to live....
  • #318,185
  • Jul 5, 2012 7:40am Jul 5, 2012 7:40am
Quoting PoundTrader
man, didn't think it will drop so hard
I told you i was skepticle yesterday... once QE announced i move tp to 5500, now we may bounce and if it does i just hope it retests 1.5550 and gets rejected so we be on our way to 1.5210
i still stand by my predictions couple months back that we shall visit 1.50 by year end....
the blind man predicts...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,186
  • Jul 5, 2012 7:43am Jul 5, 2012 7:43am
Quoting Ill-b-back
I can't believe you inspired me to dust off this old template, but it seems to still work
Some good confluence at the 61.8 retrace on the daily and weekly.

Threw in a cgart of my own design for good measure
The template is great... we just need to realise something is being manipulated ahem ahem.... im gona get crucified for this...
but hey with barclays being investigated.... atleast we have 1 of the BIG GBP traders suspended, so yea not so much manipulation and things are starting to react to charts!! amen...
wishing you green pips though.....
i think i might've missed a BIG BIG shorting opportunity for a 5000 pip profit on EURUSD....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,187
  • Jul 5, 2012 7:47am Jul 5, 2012 7:47am
Quoting Makavelli7
Haa! Haa! Haa! Damn u Faller, u just made me spill coke all over my laptop
The faller taking the fall...
But can he take it like a man... thats the question...
for the time being... im outa here
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,188
  • Jul 5, 2012 7:49am Jul 5, 2012 7:49am
Nice drop today.

lucky who has shorting 10 lots, or more
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #318,189
  • Jul 5, 2012 7:49am Jul 5, 2012 7:49am
bguguen can you share your template?
  • #318,190
  • Jul 5, 2012 7:50am Jul 5, 2012 7:50am
I still want a full recovery by the end of the week.1.52 is out of the charts and barclays,what bout it?
Banks never get ass raped
They owe osbourne and the media and the citizens.
Have you heard of kansas city shuffle?
  • #318,191
  • Jul 5, 2012 7:50am Jul 5, 2012 7:50am
Quoting Tnfx
bguguen can you share your template?
ask ill-b-back
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,192
  • Jul 5, 2012 7:51am Jul 5, 2012 7:51am
Quoting redbeben
I.m long since 1.5710.i just hope we go back there before i have a margin call.
What should we see first?bottom or by tmr evening a higher high?
Hes Redbeben, the rate cut did not help EU much. In fact it f****d it.
  • #318,193
  • Jul 5, 2012 7:53am Jul 5, 2012 7:53am
Forgot to predict....just trail your shortswere about to skyrocket in exactly 9 hours
  • #318,194
  • Jul 5, 2012 7:54am Jul 5, 2012 7:54am
Target still 1.5300

http://i.imgur.com/cjbOh.png
  • #318,195
  • Jul 5, 2012 7:57am Jul 5, 2012 7:57am
Quoting Hardstart
Hes Redbeben, the rate cut did not help EU much. In fact it f****d it.
Heres economics 101 for interest rate...
Rate cute should increase Aggregate demand as a rate cut encourages more borrowing to increase Consumer Consumption and Investments, however this would only work if consumers are actually interested to borrow to spend more.... right now most consumers are saving up or diverting to the USD for risk aversion and thats bad news.... in fact lowering interest rate by 25 basis wont work....
guess what would work though...

Say if you have a negative interest rate only on Borrowing.... allow printing of money... imagine the amount of businesses who would be interested to borrow money as they would get interest in their pocket if they borrow money to start up business, and thats what EUROPE desperately needs, an economic resuscitation even if it means printing till the deaths....
Kick germany out and start printing money, GIVE money for prospective startup business in Europe....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,196
  • Jul 5, 2012 7:58am Jul 5, 2012 7:58am
Quoting redbeben
Forgot to predict....just trail your shortswere about to skyrocket in exactly 9 hours
hahaha yes we are Redbeben. We better do otherwise I am **** again.
  • #318,197
  • Jul 5, 2012 8:00am Jul 5, 2012 8:00am
Quoting bguguen
Heres economics 101 for interest rate...
Rate cute should increase Aggregate demand as a rate cut encourages more borrowing to increase Consumer Consumption and Investments, however this would only work if consumers are actually interested to borrow to spend more...
Kick germany out and start printing money, GIVE money for prospective startup business in Europe....
Thanks, yes I understand the ec101, but we were discussing earlier with someone on the forum which he was suggesting that this time the rate cut will boost EU
  • #318,198
  • Jul 5, 2012 8:02am Jul 5, 2012 8:02am
Quoting Hardstart
Thanks, yes I understand the ec101, but we were discussing earlier with someone on the forum which he was suggesting that this time the rate cut will boost EU
its not enough dude....
look at the interest rates charged at PIIGS for bailouts....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,199
  • Jul 5, 2012 8:02am Jul 5, 2012 8:02am
Out for 50 and off to bed.
Who knows what tomorrow will hold?
Green pips to you all.
Come with me if you want to live....
  • #318,200
  • Jul 5, 2012 8:09am Jul 5, 2012 8:09am
Quoting bguguen
The faller taking the fall...
But can he take it like a man... thats the question...
for the time being... im outa here

Hey young man......I am on holidays at the beach for the past week.....trading a bit....but nothing heavy........I did not trade this event at all.......

Good for you on your short........
I don't trust any move - when you have profit...take it.
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