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Cable Update (GBPUSD)

  • #327,821
  • Oct 23, 2012 5:54am Oct 23, 2012 5:54am
but risky after euro has fallen 50 pips
  • #327,822
  • Oct 23, 2012 5:55am Oct 23, 2012 5:55am
Lets face it..... bears are gona win sooner or later... Bears have the Force of Gravity....

http://www.rogeramartin.com/images/BullAndBear_Rear.jpg
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,823
  • Oct 23, 2012 5:56am Oct 23, 2012 5:56am
Quoting Nachiket
how did super bull turn into bear?

when u need market to go somewhere, u maintain the belief..1.63 was always going to be tested breaking it is another story..

this trade i have is just lucky, i played the probability of the formations..and thanks god so far it looking like it perhaps has a chance..u dont need to know where it is going..sometimes u just have to take that chance

[quote=fxtyrant;6124249]Lets face it..... bears are gona win sooner or later... Bears have the Force of Gravity....

u right..bears can make it fall so quick..u can lose yur ass!!
  • #327,824
  • Oct 23, 2012 5:56am Oct 23, 2012 5:56am
Quoting fxtyrant
Lets face it..... bears are gona win sooner or later... Bears have the Force of Gravity....

http://www.rogeramartin.com/images/BullAndBear_Rear.jpg
that is true but the gravitational force at 1.5980 is too much
  • #327,825
  • Oct 23, 2012 5:58am Oct 23, 2012 5:58am
Quoting Nachiket
that is true but the gravitational force at 1.5980 is too much
Lol no dude... ur mistakening... Gravity is trying to pull the bears all the way down to the low of 1.52
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,826
  • Oct 23, 2012 5:58am Oct 23, 2012 5:58am
Quoting Nachiket
that is true but the gravitational force at 1.5980 is too much

true but theres a black hole pulling it
  • #327,827
  • Oct 23, 2012 6:01am Oct 23, 2012 6:01am
Quoting nAVIN2007
true but theres a black hole pulling it

http://static2.businessinsider.com/i...black-hole.jpg
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,828
  • Oct 23, 2012 6:10am Oct 23, 2012 6:10am
Quoting fxtyrant
Lol no dude... ur mistakening... Gravity is trying to pull the bears all the way down to the low of 1.52
That may be a bit far but I'll take 5800 along the way...LOL

just waiting for a roughly 50% pull back of that last hour bar to short. 6000ish

EDIT: LOL..may have missed it
Ghost Rider - WWTBMD?
  • #327,829
  • Oct 23, 2012 6:10am Oct 23, 2012 6:10am
Quoting fxtyrant

http://static2.businessinsider.com/i...black-hole.jpg
bernanke looking for a similar hole to flush in euros
  • #327,830
  • Oct 23, 2012 6:14am Oct 23, 2012 6:14am
Quoting albchr
That may be a bit far but I'll take 5800 along the way...LOL

just waiting for a roughly 50% pull back of that last hour bar to short. 6000ish

EDIT: LOL..may have missed it
Actually 52xx is not that far... its just a 100% fib retracement of the whole Rally Up during the summer, prior to the olympics when Retail trades and UK GDP are still in the green... yolo...
im going by the theory that the rally in 52xx happened in low liquidity summer periods so when real money dominate the direction of the market AFTER, and that its showing signs of long term bearishness now... 1.52 is not the problem... 1.45 is.... you must think im nuts...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,831
  • Oct 23, 2012 6:19am Oct 23, 2012 6:19am
Quoting fxtyrant
Actually 52xx is not that far... its just a 100% fib retracement of the whole Rally Up during the summer, prior to the olympics when Retail trades and UK GDP are still in the green... yolo...
True but with all the "likely" future interventions? It's gonna take a long while if it happens.

Like the last time we were at 6300 it only took 5 weeks to drop to 5300. This time, we're into week 6 and only at 6000ish.

I have to think there will be more "screwing" with things as we go. Could be wrong though.
Ghost Rider - WWTBMD?
  • #327,832
  • Oct 23, 2012 6:28am Oct 23, 2012 6:28am
Quoting albchr
True but with all the "likely" future interventions? It's gonna take a long while if it happens.

Like the last time we were at 6300 it only took 5 weeks to drop to 5300. This time, we're into week 6 and only at 6000ish.

I have to think there will be more "screwing" with things as we go. Could be wrong though.

i think it may drop quite quick..1.60 area there was a lot of traffic to chop down..lets see, so far we are in a good area
  • #327,833
  • Oct 23, 2012 6:32am Oct 23, 2012 6:32am
Quoting nAVIN2007
i think it may drop quite quick..1.60 area there was a lot of traffic to chop down..lets see, so far we are in a good area
I told you gravitational force is strong and also the fact that I am not in this fall helping the bulls
  • #327,834
  • Oct 23, 2012 6:33am Oct 23, 2012 6:33am
Quoting Nachiket
I told you gravitational force is strong and also the fact that I am not in this fall helping the bulls
its a pullback to 1.60 testing the resistance
  • #327,835
  • Oct 23, 2012 6:39am Oct 23, 2012 6:39am
Quoting nAVIN2007
its a pullback to 1.60 testing the resistance
guy probably doesnt understand what a breakout is and what a Confirmed breakout is...
one has a potential to be called a rejection if the beakout doesnt manage to close beyond the S/R, and a confirmed breakout is one that a candle got closed beyond that S/R for a retest (Usually best time to load up) for the confirmed move further down.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,836
  • Oct 23, 2012 6:39am Oct 23, 2012 6:39am
Quoting nAVIN2007
its a pullback to 1.60 testing the resistance
just joking nav but i want to get in this fall. ok let me try a small short with sl at 1.6020
  • #327,837
  • Oct 23, 2012 6:40am Oct 23, 2012 6:40am
Quoting fxtyrant
guy probably doesnt understand what a breakout is and what a Confirmed breakout is...
one has a potential to be called a rejection if the beakout doesnt manage to close beyond the S/R, and a confirmed breakout is one that a candle got closed beyond that S/R for a retest (Usually best time to load up) for the confirmed move further down.
I don't take things as seriously as you and like to be funny at times. not that I don't understand things. I think u miss humour in your life at the moment.
  • #327,838
  • Oct 23, 2012 6:45am Oct 23, 2012 6:45am
Quoting Nachiket
I don't take things as seriously as you and like to be funny at times. not that I don't understand things. I think u miss humour in your life at the moment.
Oh my bad... dude if you meet me in person im well humorous... problem is i find it difficult to read sarcasm or humor in plain text, its probably much easier if i hear the sarcasm/humour in person... otherwise i mistaken people's communication way too often.... especially in forums...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,839
  • Oct 23, 2012 6:48am Oct 23, 2012 6:48am
BTW folks... Gold is headed for 166x as ive mentioned in AUDUSD for anyone who doesnt follow my activity there...
Quoting fxtyrant
prolly not the best time to hold Long on AUDUSD at these levels...
XAUUSD look destined for 1650 area again....

Attachment

PS. for anyone wondering who i am... well its me bguguen, a frequent contributor on this forum, i just managed to get my username changed and thats all.... im still around, still bearish on AUDUSD till we see 0.98....

Quoting fxtyrant
Like i said... Gold is headed down to 1660 if we manage a daily close below that Daily EMA55 Confirmed by a Bearish Divergence as you can see plotted in the chart
have a nice day, i know nothing

Attachment
Now looking at charts... the move down is triggered by a bearish divergence as plotted in the charts, and usually bearish divergence means its early signs of reversal, and destined to head back down to the EMA200 (red line)
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd daily.gif Size: 19 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,840
  • Oct 23, 2012 6:53am Oct 23, 2012 6:53am
Quoting fxtyrant
BTW folks... Gold is headed for 166x as ive mentioned in AUDUSD for anyone who doesnt follow my activity there..

LOL...
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd_day.gif Size: 24 KB
Ghost Rider - WWTBMD?
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