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Cable Update (GBPUSD)

  • #336,301
  • Feb 24, 2013 10:18pm Feb 24, 2013 10:18pm
Gidday

EUR/GBP anybody trade this pair,been using it as a hedge against other pairs

short from 0.876 TP 0.86

Been taking shorts,but with the titanic GBP sinking

were does that it leave the EUR/GBP

Has not been this high for quiet a few years

0.996 high 2008

Seems to be hovering around 0.87

Any wises owls out there
  • #336,302
  • Feb 24, 2013 10:48pm Feb 24, 2013 10:48pm
Quoting inpatient
Serious commercial traders have been aware of the downgrade likelihood for some time. Its retail traders that tend to jump on news like this. Especially suspicious with the timing of the release.
Yes, the conspiracy theorist in me was of the exact same mind especially considering we had already dropped quite hard days before the announcement.

Hence I was looking out for a possible bounce or even gap up to trade.

I also read on FF news section that Mr Soros had the pound in his sights to start shorting, so my contrarion news outlook was supporting my suspicions.
Come with me if you want to live....
  • #336,303
  • Feb 25, 2013 2:08am Feb 25, 2013 2:08am
if we close daily above 1.5130 is long for 500 pips....
bears trap !!!
  • #336,304
  • Feb 25, 2013 2:11am Feb 25, 2013 2:11am
Gbp Usd 4hr view


http://i1321.photobucket.com/albums/...psdea826dc.gif
  • #336,305
  • Feb 25, 2013 2:20am Feb 25, 2013 2:20am
[quote=dopodopo;6470626]Gbp Usd 4hr view
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  • #336,306
  • Feb 25, 2013 2:22am Feb 25, 2013 2:22am
I'm watching 5236 area for any bearish signs
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Come with me if you want to live....
  • #336,307
  • Feb 25, 2013 3:10am Feb 25, 2013 3:10am
a kind of diamond formation in progress ....
once 5300 broken... seems 5500 - 5600 should be on eyed

but dunno also mate...




Quoting Ill-b-back
I'm watching 5236 area for any bearish signs
not euphoria follower
  • #336,308
  • Feb 25, 2013 3:52am Feb 25, 2013 3:52am
Quoting iqyu5an
a kind of diamond formation in progress ....
once 5300 broken... seems 5500 - 5600 should be on eyed

but dunno also mate...
Ill wait until tomorrow before thinking of considering anything.
Come with me if you want to live....
  • #336,309
  • Feb 25, 2013 4:10am Feb 25, 2013 4:10am
1,51257 seems to be intact
  • #336,310
  • Feb 25, 2013 5:15am Feb 25, 2013 5:15am
Quoting Ill-b-back
Ill wait until tomorrow before thinking of considering anything.

When you feel that way - maybe it is time to look at different instruments to trade?

I try to keep a basket of different instruments to trade - for this exact reason.

Gold Long was the trade for tonight -

Still long and strong......

Faller
I don't trust any move - when you have profit...take it.
  • #336,311
  • Feb 25, 2013 5:17am Feb 25, 2013 5:17am
I had a short open, then I did this.

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I think I may go and bang my head against a table now.
  • #336,312
  • Feb 25, 2013 5:35am Feb 25, 2013 5:35am
if 1.5160 will not be broken today then slide back to 1.5125 and 1.5100.
if so then buy on 1.5125 TP 1.5205

ye looks like 1.5165 thats it for today.

going back to 38.2 fibo.

In long term u can keep your earliest 1.5080 to 1.5250-1.5310

if 1.5100 will be broken down then go to 1.500 migth be
  • #336,313
  • Feb 25, 2013 5:37am Feb 25, 2013 5:37am
Quoting Faller
When you feel that way - maybe it is time to look at different instruments to trade?

I try to keep a basket of different instruments to trade - for this exact reason.

Gold Long was the trade for tonight -

Still long and strong......

Faller
I know what you mean but I only feel comfortable trading cable with this method, only pair the signals are very reliable on from my experience. Look for runners of 150+ pip signals, it pays to wait for them.

Am trying another turning point, support/resistance break method on the Euro though, got in very late after dinner but just testing before developing an EA.

All the best with the Gold, I don't have enough money to trade it.
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Come with me if you want to live....
  • #336,314
  • Feb 25, 2013 5:51am Feb 25, 2013 5:51am
Quoting Ill-b-back
I know what you mean but I only feel comfortable trading cable with this method, only pair the signals are very reliable on from my experience. Look for runners of 150+ pip signals, it pays to wait for them.

Am trying another turning point, support/resistance break method on the Euro though, got in very late after dinner but just testing before developing an EA.

All the best with the Gold, I don't have enough money to trade it.

Careful on the Euro longs - there are lots of orders @ 1.3300 ready to short - so good for a scalp retrace but watch it at the 1.3300 level.

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #336,315
  • Feb 25, 2013 6:28am Feb 25, 2013 6:28am
Quoting Trader88q
if 1.5160 will not be broken today then slide back to 1.5125 and 1.5100.
if so then buy on 1.5125 TP 1.5205

ye looks like 1.5165 thats it for today.

going back to 38.2 fibo.

In long term u can keep your earliest 1.5080 to 1.5250-1.5310

if 1.5100 will be broken down then go to 1.500 migth be
BIG 1,5125 !!!!!
  • #336,316
  • Edited 7:04am Feb 25, 2013 6:46am | Edited 7:04am
Moody'shas only anticipated a decision already whispered to the markets
Uk benefit from reductions in yields
when the market becomes aware of this will start to rise
so LONG and LONG if we stay above yesterday low...... !!!!!
  • #336,317
  • Feb 25, 2013 12:02pm Feb 25, 2013 12:02pm
Quoting Faller
Careful on the Euro longs - there are lots of orders @ 1.3300 ready to short - so good for a scalp retrace but watch it at the 1.3300 level.

Cheers,

Faller
Oh wow! How did you know?
  • #336,318
  • Edited 1:04pm Feb 25, 2013 12:43pm | Edited 1:04pm
Quoting fontu
Morning , so crush continued offline also & hope continue more this week till the monthly end.price fell on to the monthly close price watching level around 5059 & so ranging here till close , only 3 days rest & hence likely more correction before the same . next possible level 4444.

Gold trying more correction before market close to catch 1583 close weekly but failed & now may range a little 1589/91 before tanking continue , may not at all though . 1582.93 should start down & 1580 continue .
fontu
ok still , 5136 I see broken before the post but next 5120 intact will watch if further down or more correction .5136 breaks seems unusual without a try for 5163 !! anyway if again tanking at this odd night time will see .

gold similar watching 1582 & 80 for further down continue for next 1570 & ok then 1555 again .

Eu also joining fast tanking perhaps recently but still 3100 will care for any bounce significantly , range down 3034/2998 ok for unusual case like now .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,319
  • Feb 25, 2013 2:20pm Feb 25, 2013 2:20pm
Quoting CasperTrader
Oh wow! How did you know?
years of experience
Money never sleeps...
  • #336,320
  • Feb 25, 2013 2:30pm Feb 25, 2013 2:30pm
Quoting Faller
Careful on the Euro longs - there are lots of orders @ 1.3300 ready to short - so good for a scalp retrace but watch it at the 1.3300 level.

Cheers,

Faller
Sorry went to bed.
Yes 33 was my charts resistance I was never going to hold for that long.
I hate missing NY moves
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