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Cable Update (GBPUSD)

  • #319,601
  • Jul 25, 2012 2:14am Jul 25, 2012 2:14am
Quoting bguguen
got a sell order triggered at 1.5519 price action suggests that was the higher high candle on H1.... if next candle makes a lower high, we shall say goodbye to the support.. as we'll break through it like slicing air...

not what I see.......
I don't trust any move - when you have profit...take it.
  • #319,602
  • Jul 25, 2012 2:15am Jul 25, 2012 2:15am
Quoting Faller
watch your shorts......mentioned yeyesterday to you -
Yep holy shit crazy moves.... but it feels like an early session stop hunt before the drop though.... wtf is wrong with the market?? no friggin idea...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,603
  • Jul 25, 2012 2:19am Jul 25, 2012 2:19am
if anyone interested....
the short term downtrend in EJ is fucked.
totally fucked.

top was 95.20.
will be crashed like nothing.

maybe this helps with EU and GU but i'm not sure
90% of traders use TA, indicators and prediction
  • #319,604
  • Jul 25, 2012 2:20am Jul 25, 2012 2:20am
Quoting Faller
please -

English -

or start a thread for your language.

thank you.
Yes sorry mate......i will translate it, seems like FED giving reaction to china about stimulus issues
  • #319,605
  • Jul 25, 2012 2:22am Jul 25, 2012 2:22am
Quoting Red Alert
Yes sorry mate......i will translate it, seems like FED giving reaction to chine about stimulus issues

thank you!

we all like to read!

cheers....

Falller.
I don't trust any move - when you have profit...take it.
  • #319,606
  • Jul 25, 2012 2:23am Jul 25, 2012 2:23am
and EU and GU
fibo 23
Attached Image (click to enlarge)
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  • #319,607
  • Jul 25, 2012 2:25am Jul 25, 2012 2:25am
G/M,

4 tests on yesterday's lo now. Yesterday's Daily candle doji-esq...Uk Q2 GDP 1st read later @ 0930am London. The 76.4% fib on 1hr pic below is of 5411-5736.

G/L
Attached Image
ex member
  • #319,608
  • Jul 25, 2012 2:27am Jul 25, 2012 2:27am
Bad GDP numbers out of Britian will pull this thing back down into a buy zone - that's what I am looking for.

I am flat right now - had a buy order in for 1.5508 on futures but did not trigger so I missed that nice push up.

Never chase.....never. Wait and be patient.

Hope some of you caught that ride up.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,609
  • Jul 25, 2012 2:29am Jul 25, 2012 2:29am
Quoting Faller
Bad GDP numbers out of Britian will pull this thing back down into a buy zone - that's what I am looking for.

I am flat right now - had a buy order in for 1.5508 on futures but did not trigger so I missed that nice push up.

Never chase.....never. Wait and be patient.

Hope some of you caught that ride up.

Faller.
didnt catch the ride up... instead shorted at the top at 1.5540
i wonder what people would do if UK's GDP down to -0.5%?? lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,610
  • Jul 25, 2012 2:30am Jul 25, 2012 2:30am
I am looking for 1.543/2 today... daily candle suggests further downside, thus I am short.
  • #319,611
  • Jul 25, 2012 2:32am Jul 25, 2012 2:32am
A good trading week as i see and get pips coming
short on usd/chf
and our beloved gbp/usd

http://files.newsnetz.ch/bildlegende...ic_970x641.jpg
  • #319,612
  • Jul 25, 2012 2:35am Jul 25, 2012 2:35am
Quoting bguguen
didnt catch the ride up... instead shorted at the top at 1.5540
i stiil hold short at 1.5507.....and new entry short again 1.5540.... we will see
  • #319,613
  • Jul 25, 2012 2:39am Jul 25, 2012 2:39am
Quoting Red Alert
i stiil hold short at 1.5507.....and new entry short again 1.5540.... we will see
Sorry for being a depressing guy especially when it comes to the UK economy... i just dont trust with UK's banking sector under fire this month, that UK can actually produce anything or to make any money over this quarter...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,614
  • Jul 25, 2012 2:42am Jul 25, 2012 2:42am
Quoting Faller
Bad GDP numbers out of Britian will pull this thing back down into a buy zone - that's what I am looking for.

I am flat right now - had a buy order in for 1.5508 on futures but did not trigger so I missed that nice push up.

Never chase.....never. Wait and be patient.

Hope some of you caught that ride up.

Faller.
90% of traders use TA, indicators and prediction
  • #319,615
  • Jul 25, 2012 2:43am Jul 25, 2012 2:43am
Quoting bguguen
didnt catch the ride up... instead shorted at the top at 1.5540
i wonder what people would do if UK's GDP down to -0.5%?? lol

and the other side of that coin is.........what if UK's GDP is +0.5%???
I don't trust any move - when you have profit...take it.
  • #319,616
  • Jul 25, 2012 2:49am Jul 25, 2012 2:49am
Quoting Faller
and the other side of that coin is.........what if UK's GDP is +0.5%???
well,

miracles happens , so......
  • #319,617
  • Jul 25, 2012 2:51am Jul 25, 2012 2:51am
some scenarios re Uk Q2 Gdp-prelim due soon re initial knee-jerk market reaction re gbpusd;

worse than -0.2% a sell off
-0.2% possibly a relief rally that it isn't worse ? -or- a sell off beacuse we are stil lin recession
-0.1% or better - as above - more likely a relief rally
0% or better particularly if a postive print of +0.1% or better - a rally.

These are the greater probabilities but anything can happen.

G/L
ex member
  • #319,618
  • Jul 25, 2012 3:08am Jul 25, 2012 3:08am
Quoting pokrat
That's why i'm here - getting tips from experienced traders, thank you . To be honest - i've tried a lot of things (last swing etc.) with my SL, with 40pips SL i certainly know i'm in the wrong direction and usually get a better RR than 1:1.3...
What are your reasons to set the SL at this level (12 pips larger)?
sorry for the huge delay, i was busy
anyway.. i can't post reasons, sorry!
actually market did not tested that levels, so maybe... the move already started, but let's see if during GDP data the epic fuck happens

edit: it's not a secret but since i'm not yet confident in this new system... better i'm careful in posting it ....
90% of traders use TA, indicators and prediction
  • #319,619
  • Jul 25, 2012 3:09am Jul 25, 2012 3:09am
Quoting _BBKing_
sorry for the huge delay, i was busy
anyway.. i can't post reasons, sorry!
actually market did not tested that levels, so maybe... the move already started, but let's see if during GDP data the epic fuck happens
actually if GDP comes up slightly better than expected i got shorts at 1.56 and 1.5750...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #319,620
  • Jul 25, 2012 3:31am Jul 25, 2012 3:31am
what the hack.. more than 30pips in second.. omg -0,7GDP
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