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Cable Update (GBPUSD)

  • #332,501
  • Dec 16, 2012 3:01pm Dec 16, 2012 3:01pm
Quoting CasperTrader
Yeah. I'm "hoping" the same. And "if" it gets to 1.6, my guess is that the moment I close it, it will tank further. Still keeping a SL at 6180 though.
Uh Oh ..
  • #332,502
  • Dec 16, 2012 8:05pm Dec 16, 2012 8:05pm
Many hours before this becomes official on my charts, but with any luck perhaps we have a well defined pinbar reaction here.
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  • #332,503
  • Dec 17, 2012 2:24am Dec 17, 2012 2:24am
good morning
in my opinion some short pressure will appear if near 6220-6240 area which is also important day/week supply.
not yet short setup.

if EU will breakout into 1.32 (highly possible) they will go both more up
eyes also in Egbp which could break into area 82.
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  • #332,504
  • Dec 17, 2012 3:50am Dec 17, 2012 3:50am
will be live in 10minutes at this link to share my weekly setup on:
XAU USD
GBP USD
EUR USD + Egbp + Ech
as always no need to subscribe or pay for anything.
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  • #332,505
  • Dec 17, 2012 4:18am Dec 17, 2012 4:18am
my target min is 6301ish

g/l
Wolves don't lose any sleep over the opinion of the sheep.
  • #332,506
  • Dec 17, 2012 4:56am Dec 17, 2012 4:56am
Quoting FX Wolf
my target min is 6301ish

g/l
My first target is same at 1.6308 & Second at 1.6610. Have pending shorts at these levels.

GL to you too Wolf
Numbers NEVER Lie
  • #332,507
  • Dec 17, 2012 5:02am Dec 17, 2012 5:02am
Quoting _BBKing_
good morning
in my opinion some short pressure will appear if near 6220-6240 area which is also important day/week supply.
not yet short setup.

if EU will breakout into 1.32 (highly possible) they will go both more up
eyes also in Egbp which could break into area 82.
Hi BBKing_ I'm watching 6230 like an eagle & might hedge my buy orders at that level. Strong weekly resistance sits just there. If i decide to pull the trigger then will be looking for not more than +100 pips at 6140-6130 area for further move upwards.

GL & green pips to you.
Numbers NEVER Lie
  • #332,508
  • Dec 17, 2012 5:14am Dec 17, 2012 5:14am
Quoting FX Wolf
my target min is 6301ish

g/l
Nice target, in the daily, cable already break important fibo 61.8 at 1.6125 (from 1.5830 to 1.6305), sure after 61.8, 100% fibo is the next.....
Good luck, the bull is so strong.....
  • #332,509
  • Dec 17, 2012 5:51am Dec 17, 2012 5:51am
So far today - upside follow thru off the 5th daily fractal HL and last week's bullish weekly and Friday's daily bullish candle closes...price finding some supply now at the top of a previous daily/4hr swing hi zone...above here more previous daily and weekly swing hi zones as well as 85.4% 6309-5827 @/around 6236 and just below this Daily R2 and weekly R1 6226-30 area.

G/L
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ex member
  • #332,510
  • Dec 17, 2012 7:29am Dec 17, 2012 7:29am
Quoting ZizoFX
Hi BBKing_ I'm watching 6230 like an eagle & might hedge my buy orders at that level. Strong weekly resistance sits just there. If i decide to pull the trigger then will be looking for not more than +100 pips at 6140-6130 area for further move upwards.

GL & green pips to you.
hello, pip more pip less have the same idea.
but will be waiting a kind of sign of weakness in faster timeframes (m30 - h1)

let's see where we close today
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  • #332,511
  • Dec 17, 2012 9:06am Dec 17, 2012 9:06am
Sorry all that GU hasn't joined in on this rally everything else is having I went long and kiss of death.


For a huge fee I can promise to never trade GU again!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #332,512
  • Dec 17, 2012 9:39am Dec 17, 2012 9:39am
Quoting Turveyd
Sorry all that GU hasn't joined in on this rally everything else is having I went long and kiss of death.


For a huge fee I can promise to never trade GU again!!
what rally do you mean?
i see gu before london was 6160 went to 6220.
well enough IMO according to the importance of the level.....
actually the slower is EU which still fightin the 3180!
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  • #332,513
  • Dec 17, 2012 9:45am Dec 17, 2012 9:45am
Quoting _BBKing_
what rally do you mean?
i see gu before london was 6160 went to 6220.
well enough IMO according to the importance of the level.....
actually the slower is EU which still fightin the 3180!

Got out at BE pretty much, GU moved zero pips really EU same time 25pips.

GJ was pretty flat to I see, no 1 liking the GBP currently.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #332,514
  • Dec 17, 2012 10:00am Dec 17, 2012 10:00am
Quoting Turveyd
Got out at BE pretty much, GU moved zero pips really EU same time 25pips.

GJ was pretty flat to I see, no 1 liking the GBP currently.
i don't get what you mean...
this is what i see:
GU today hi-lo is far more than EU.
Personally i see Gbp is the best mover of the day vs USD-EUR-CHF....
also GOLD some moves.
while i see EUR is death vs anything.
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  • #332,515
  • Dec 17, 2012 11:11am Dec 17, 2012 11:11am
37% FF traders long on cable - maybe I missing something lol
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  • #332,516
  • Dec 17, 2012 11:15am Dec 17, 2012 11:15am
Quoting C345
37% FF traders long on cable - maybe I missing something lol
maybe the remaining 73% are FF professional traders waiting for a reversal since area 1.60
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  • #332,517
  • Dec 17, 2012 11:16am Dec 17, 2012 11:16am
Quoting _BBKing_
maybe the remaining 73% are FF professional traders waiting for a reversal since area 1.60
He he you gotta wonder haven't ya
  • #332,518
  • Dec 17, 2012 11:26am Dec 17, 2012 11:26am
No one ever knows exactly what price will do.

Its always best to stick to the trend, and the trend is currently up.

My question is the why are so many traders on here trying to determine the pint at which price will turn around? Seems rediculous to me to even consider that.
  • #332,519
  • Dec 17, 2012 11:40am Dec 17, 2012 11:40am
Quoting alex1976
No one ever knows exactly what price will do.

Its always best to stick to the trend, and the trend is currently up.

My question is the why are so many traders on here trying to determine the pint at which price will turn around? Seems rediculous to me to even consider that.
Because the best decisions are always the hardest ones to make
Thank You
  • #332,520
  • Dec 17, 2012 11:42am Dec 17, 2012 11:42am
Quoting wormboy
Because the best decisions are always the hardest ones to make

Beautiful response Wormboy, wondered what happened to you, good to see you back
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