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Cable Update (GBPUSD)

  • #330,381
  • Nov 21, 2012 1:55am Nov 21, 2012 1:55am
Quoting _BBKing_
out of topic: EUR USD

just few words on the sucker.
price reaching an important low area for the week.
2740 is WPivot
2720 is possible support level weekly close/open
268-90 extreme low to be protected as weekly low area

on charts h1 you see these levels
on chart weekly to underline the importance of 2680-90

I'm looking for a long in this pair.
BUT NOT YET.

actually possible ranging trend for some weeks.

typical I - turn on EU.
nevermind.
i'm patient
90% of traders use TA, indicators and prediction
  • #330,382
  • Nov 21, 2012 1:58am Nov 21, 2012 1:58am
Quoting iqyu5an
or they wanna tell ya... heyyyyyyyyy this is zero sum game ......... euro cheap....... just buyy and take profit on another summit wkwkkwkwk
.

Quoting _BBKing_
typical I - turn on EU.
nevermind.
i'm patient
not euphoria follower
  • #330,383
  • Nov 21, 2012 2:29am Nov 21, 2012 2:29am
later is mpc thing.
since last changes from the BOE .... we can expect everything! also someone in favour of a rates cut. this would give more pressure down in gpb helping the rise in EUR GBP.
90% of traders use TA, indicators and prediction
  • #330,384
  • Nov 21, 2012 2:29am Nov 21, 2012 2:29am
Quoting iqyu5an
.
90% of traders use TA, indicators and prediction
  • #330,385
  • Nov 21, 2012 2:54am Nov 21, 2012 2:54am
GM guys and gals

me think 1.5870/75 is good buy stops 1.5820

what do u think ?
Wolves don't lose any sleep over the opinion of the sheep.
  • #330,386
  • Nov 21, 2012 3:17am Nov 21, 2012 3:17am
Quoting Mr.C
Reached leaving me without a position. Stopped out at b/e. Will be back on cable later.

GM and green pips fellow traders.
might be primed to break now C.
great insight as usual
  • #330,387
  • Nov 21, 2012 3:25am Nov 21, 2012 3:25am
short 1.5913 for scalp
  • #330,388
  • Nov 21, 2012 3:29am Nov 21, 2012 3:29am
eur gbp.

until 80 holds these days....

we can see 81 + 82 next days
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_4 Hours_snapshot.jpg Size: 69 KB
90% of traders use TA, indicators and prediction
  • #330,389
  • Nov 21, 2012 3:32am Nov 21, 2012 3:32am
Quoting A-speculator
you have to look at the whole picture mate, not just some 5 or 10 candles.. the current move down in daily might be a retest breakout from a larger range but focussing on the latest movement downwards, it still hasn't shown us exhaustion pattern just yet which means that bearish is still valid, thus it is still too early to say that a new trend has already developed.

my assumption is the move up is just a retest pattern to retest the breakout price which is at about 5930 (50%) -5960 (61%).. until the price can prove itself by trading sustainably...
Quoting alex1976
Dude what are you talking about? Price has been trending up for last five days,lol
I agree with alex..look at it like this..dailly has been forming a trendline (ascending) for the last 4 days..today we broke it..but there was a buy right at the 50% turning this 4hr into a potential reversal..this is a bullish sign?

also if u look at the dailly descending trendline it broke 3 days ago..another bullish sign so at least 3 day ago there was a reason to buy
  • #330,390
  • Nov 21, 2012 3:37am Nov 21, 2012 3:37am
Quoting nAVIN2007
I agree with alex..look at it like this..dailly has been forming a trendline (ascending) for the last 4 days..today we broke it..but there was a buy right at the 50% turning this 4hr into a potential reversal..this is a bullish sign?

also if u look at the dailly descending trendline it broke 3 days ago..another bullish sign so at least 3 day ago there was a reason to buy
yes some days ago were more clear a possible risky buy counter "downtrend". lol.
actually market needs a clear break into 1.59 area to trigger more bullishness.
let's see, no changes in MPC thing = less reasons to short at these levels IMO. so = price goes higher to next level = 5950-70.

stops obviously < 5870 now depending on MM.
mine are @1.5200 so i'm safe from a stop hunt
90% of traders use TA, indicators and prediction
  • #330,391
  • Nov 21, 2012 3:40am Nov 21, 2012 3:40am
if the price break 1.5940 ...gbpusd can fly...
  • #330,392
  • Nov 21, 2012 3:41am Nov 21, 2012 3:41am
Quoting _BBKing_
yes some days ago were more clear a possible risky buy counter "downtrend". lol.
actually market needs a clear break into 1.59 area to trigger more bullishness.
let's see, no changes in MPC thing = less reasons to short at these levels IMO. so = price goes higher to next level = 5950-70.

stops obviously < 5870 now depending on MM.
mine are @1.5200 so i'm safe from a stop hunt
if this 4hr fails..i will be in shock ..this is very hard work

thats the thing with this..it broke the ascending trendline and reacted at the 50% (dip)..how many would be bearish right now..?..and the mofo has potential to swallow them up now, leaving every1 in uncertainty..crazy market conditions
  • #330,393
  • Nov 21, 2012 3:42am Nov 21, 2012 3:42am
will be on live in 15minutes from now here: http://www.dukascopy.com/tv/Live
will share and discuss ideas about

1. GbpUsd +
2. EurUsd +
3. EurGbp

already posted here almost all charts.
it's just to discuss them live.

to join just click on "click to join" button
it's free no need to register etc..
90% of traders use TA, indicators and prediction
  • #330,394
  • Nov 21, 2012 3:43am Nov 21, 2012 3:43am
lol ,


Quoting nAVIN2007
if this 4hr fails..i will be in shock ..this is very hard work
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,395
  • Nov 21, 2012 3:43am Nov 21, 2012 3:43am
Quoting nAVIN2007
if this 4hr fails..i will be in shock ..this is very hard work
90% of traders use TA, indicators and prediction
  • #330,396
  • Nov 21, 2012 3:45am Nov 21, 2012 3:45am
relax ... mate

daily already stay above last month low yesterday.... they're playing around this level at the moment. it seems pa just wanna stay above 5900

different broker different 4H fuc* time frame ....xixiixixi

Quoting nAVIN2007
if this 4hr fails..i will be in shock ..this is very hard work

thats the thing with this..it broke the ascending trendline and reacted at the 50% (dip)..how many would be bearish right now..?..and the mofo has potential to swallow them up now, leaving every1 in uncertainty..crazy market conditions
not euphoria follower
  • #330,397
  • Nov 21, 2012 3:46am Nov 21, 2012 3:46am
Quoting Bones
lol ,
are u short or long..lol
  • #330,398
  • Nov 21, 2012 4:01am Nov 21, 2012 4:01am
Hey BB I was thinking EB is bearish meadium term ,close below .8 today would be good signal

Quoting _BBKing_
eur gbp.

until 80 holds these days....

we can see 81 + 82 next days
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,399
  • Nov 21, 2012 4:02am Nov 21, 2012 4:02am
clear rejection to the downside at weekly open and back staying above last month low ( at least till i wrote wkwkwkw )
not euphoria follower
  • #330,400
  • Nov 21, 2012 4:20am Nov 21, 2012 4:20am
Quoting iqyu5an
clear rejection to the downside at weekly open and back staying above last month low ( at least till i wrote wkwkwkw )

i remain bullish, yearly close is likely to be a bull..at least a test of 1.63 i think is possible
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