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Cable Update (GBPUSD)

  • #336,421
  • Feb 28, 2013 8:12am Feb 28, 2013 8:12am
BUY now @ 1.51700!!
  • #336,422
  • Feb 28, 2013 9:15am Feb 28, 2013 9:15am
Indeed!
  • #336,423
  • Feb 28, 2013 9:20am Feb 28, 2013 9:20am
Quoting kamifx
GU
Dominant Trend is Down
Right now is in correction toward 1.5206/16
I am not teaching sth just wanna talk about my experience, unfortunately some traders talking about buy or sell on weak levels
I believe traders must open positions on strong area or levels or forget the trade if they want to be away of stress, for today
Strong area for sell is 1.5206/20 and
Strong area for buy is 1.5145/50
cause before opening position we have to think about stop loss, though for 76 pips swings for today more than 20 pips stop loss is not logical, for instance my friend said 1.5170 = buy position I am not caring going up or down from that level but it is not secure position even U get 100 pips
Don’t follow someone else’s trading advice blindly
  • #336,424
  • Feb 28, 2013 2:18pm Feb 28, 2013 2:18pm
monthly close around .Hope not any of the 2 >5198/5200 or 5063.If so one/last day tanking of the week possible .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,425
  • Feb 28, 2013 3:14pm Feb 28, 2013 3:14pm
what are your views for usd chf
  • #336,426
  • Feb 28, 2013 5:16pm Feb 28, 2013 5:16pm
Cable has spent the week meandering in the 130 pip range from around 1.508 and 1.521. It has been a good week for me and most i would guess.

As things start to set in i believe we are edging closer to make or break time when we will get an idea if were heading for an extension of this downtrend to test the 1.50 mark or if further consolidation is happening.

I am 50/50 on this and for that reason have nothing open or planned right now.

Good luck all.
Money never sleeps...
  • #336,427
  • Feb 28, 2013 8:09pm Feb 28, 2013 8:09pm
the bear still dominant.

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  • #336,428
  • Mar 1, 2013 12:11am Mar 1, 2013 12:11am
Quoting Qayas
what are your views for usd chf
Still in down big channel & hence lots of turmoils even if a breakout next.so up & down still in place > more ups before more down & more down before more ups as of smaller tf to bigger ones .
immediately watch levels are downside 0,93 & upside breaks 0.9388 & next 0,9500.
possible up target can be 0.9470 to 0.97-0.99 and downside o.9300 to 0.90 -0.9230-0.7300.
take care to short term to long ones .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,429
  • Mar 1, 2013 1:57am Mar 1, 2013 1:57am
GU

Tight range
Scalping range (tight)
Resistance=1.5175/80
Support=1.5157/66
Scalping Wide Range
Resistance=1.5188/92
Support=1.5149/57
For daily trading i suggest the levels by Chart
Good Day
Don’t follow someone else’s trading advice blindly
  • #336,430
  • Mar 1, 2013 3:33am Mar 1, 2013 3:33am
So nice to have been finally able to close those shorts . I thought this move down would of happened during the Asian session due to the head and shoulders pattern. 1.5080 is the area to watch now. A clean break here and more down movement, if it is a rejection then I am not sure.
  • #336,431
  • Mar 1, 2013 3:44am Mar 1, 2013 3:44am
Down Trending after News

Be careful and not to be tricked by Big Investors
Strong Support be 1.5045 and swing must be between this level and i.5070/90 after Market subsiding
May there is a sharp downtrend toward 1.5025 but try to follow the trend by Trailing Stop (20 Pips away)
Don’t follow someone else’s trading advice blindly
  • #336,432
  • Mar 1, 2013 3:47am Mar 1, 2013 3:47am
i was too busy with ej.. and didnt notice about cable.. (((( now im crying
G
  • #336,433
  • Mar 1, 2013 4:02am Mar 1, 2013 4:02am
Quoting seaman2
tl will be created on 4 hr charts in couple of bars.

waiting patiently for violent break down on 4 hr chart. Probably event induced.
as per plan. down to 130 or so....
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  • #336,434
  • Mar 1, 2013 4:02am Mar 1, 2013 4:02am
I'll buy this shit with huge lots soon. Still waiting for correct entry price.
When Scalpers win, I lose and Vice varsa...
  • #336,435
  • Mar 1, 2013 4:04am Mar 1, 2013 4:04am
Quoting Goldflake
I'll buy this shit with huge lots soon. Still waiting for correct entry price.
  • #336,436
  • Mar 1, 2013 4:09am Mar 1, 2013 4:09am
Quoting Goldflake
I'll buy this shit with huge lots soon. Still waiting for correct entry price.
LOL are you being serious? What level of support is left on the weekly until 1.44?

Right now there are RECORD LONGS for retail positions... Never a good idea to catch a falling knife.

What time frame are you looking at? I guess that could make the difference if you are going for a quick scalp on a retrace. Good luck!
  • #336,437
  • Mar 1, 2013 4:10am Mar 1, 2013 4:10am
Fundamentals pushing techs over the edge,

banked 300+ pips between G/U, G/J, G/C and E/G on that run.
Enter Signature
  • #336,438
  • Mar 1, 2013 4:11am Mar 1, 2013 4:11am
Quoting 100PipsADay
LOL are you being serious? What level of support is left on the weekly until 1.44?

Right now there are RECORD LONGS for retail positions... Never a good idea to catch a falling knife.

What time frame are you looking at? I guess that could make the difference if you are going for a quick scalp on a retrace. Good luck!
I know retail longs are huge and also fucked hard already. Waiting for one more push down to trigger my longs.
When Scalpers win, I lose and Vice varsa...
  • #336,439
  • Mar 1, 2013 4:12am Mar 1, 2013 4:12am
Quoting kamifx
Down Trending after News

Be careful and not to be tricked by Big Investors
Strong Support be 1.5045 and swing must be between this level and i.5070/90 after Market subsiding
May there is a sharp downtrend toward 1.5025 but try to follow the trend by Trailing Stop (20 Pips away)
i believe, regarding the news we have to focus on Sell all the time it goes up and now for those who want to open position right now, it's better wait till 1.5075/90 to open sell position for T/P=1.4978/69

Remember real traders must open on Strong Level otherwise forget the trade

Don’t follow someone else’s trading advice blindly
  • #336,440
  • Mar 1, 2013 4:33am Mar 1, 2013 4:33am
Quoting Goldflake
I know retail longs are huge and also fucked hard already. Waiting for one more push down to trigger my longs.
you write like an angry intimidated man.

There is no substance in uk economy, excluding singapore property investors buying london property.
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