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Cable Update (GBPUSD)

  • #336,981
  • Mar 14, 2013 9:25am Mar 14, 2013 9:25am
It seem like gbp going strong now. im thinking to hold my long @ 1.4915 till 1.52 maybe?
  • #336,982
  • Mar 14, 2013 9:27am Mar 14, 2013 9:27am
Quoting baherhosni
a retest of the 4960 area is in the making i think..
you were damn right! We saw 1.5013 this morning in usa.
GL
  • #336,983
  • Mar 14, 2013 9:29am Mar 14, 2013 9:29am
I expect resistance at 1.5035/45 level. Market will show if I am right or wrong

Quoting nAVIN2007
why do u think this..?but i think yur trade isnt bad
  • #336,984
  • Mar 14, 2013 9:29am Mar 14, 2013 9:29am
Quoting inpatient
Hello Houston,

Las Vegas here, and yes short too with similar TP
good morning Vegas! How is everything?
I am fine, thanks in advance. Lets make some serious pips on gbp/usd.
  • #336,985
  • Mar 14, 2013 9:34am Mar 14, 2013 9:34am
Quoting nAVIN2007
remember this post people..i will remind u in around 7 months time - 1 year

1 year time =1.7-1.71 might be before if im lucky
I know u feel safe to buy this pair, even it is not the bottom?? but the next days the buyers will step in for sure??; good luck Nav
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #336,986
  • Mar 14, 2013 9:35am Mar 14, 2013 9:35am
Quoting Zircon
I know u feel safe to buy this pair, even it is not the bottom?? but the next days the buyers will step in for sure??; good luck Nav
thanks brother u know me too well
  • #336,987
  • Mar 14, 2013 9:37am Mar 14, 2013 9:37am
Quoting nAVIN2007
why do u think this..?but i think yur trade isnt bad
would make more sense picking MID POINT S3 ... but hey peeps calling new super lows what do I know ..
  • #336,988
  • Mar 14, 2013 9:41am Mar 14, 2013 9:41am
My sell Limit trade is executed at 1.5035
Stop loss is 1.5085
Take profit 1.4985

Analyst


Quoting fx-analyst
I change take profit to 1.4968
  • #336,989
  • Mar 14, 2013 9:42am Mar 14, 2013 9:42am
two levels I'm looking at up this way, 5041, last weeks mid, and 4hr resistance at 5060..
Look Sharp/Trade Tight
  • #336,990
  • Mar 14, 2013 9:43am Mar 14, 2013 9:43am
My sell Limit trade is executed at 1.5035
Stop loss is 1.5085
Take profit 1.4985

Analyst

Attached Image (click to enlarge)
Click to Enlarge Name: Gbp_short_March14-executed.jpg Size: 112 KB
  • #336,991
  • Mar 14, 2013 9:43am Mar 14, 2013 9:43am
So just woke up and WOW,

so whats drivign the GBP? I see the numbers from the US were solid so im looking around for a reason for this ?
Money never sleeps...
  • #336,992
  • Mar 14, 2013 9:45am Mar 14, 2013 9:45am
Quoting fx-analyst
My sell Limit trade is executed at 1.5035
Stop loss is 1.5085
Take profit 1.4985

Analyst

I think that is a fairly safe bet, still cant work out what has pushed the GBP

This could generate the extra orders to test the lows again?

Anyone else short from here?
Money never sleeps...
  • #336,993
  • Mar 14, 2013 9:47am Mar 14, 2013 9:47am
Hi inpatient,

I don't care what drives GBP. I just calculate levels and that's all.

Regards,
Analyst


Quoting inpatient
I think that is a fairly safe bet, still cant work out what has pushed the GBP

This could generate the extra orders to test the lows again?

Anyone else short from here?
  • #336,994
  • Mar 14, 2013 9:49am Mar 14, 2013 9:49am
Quoting Fx-gtg
i need 1.51
any more GBP bears. I said 1.51
  • #336,995
  • Mar 14, 2013 10:21am Mar 14, 2013 10:21am
Quoting fx-analyst
Hi inpatient,

I don't care what drives GBP. I just calculate levels and that's all.

Regards,
Analyst
Please shed us in with your entry picking , I would love to know what made u pick 35 ....
  • #336,996
  • Mar 14, 2013 10:36am Mar 14, 2013 10:36am
still cant workout the reason for the spike?

Without a reason i just see it falling back over the next few hrs
Money never sleeps...
  • #336,997
  • Mar 14, 2013 10:41am Mar 14, 2013 10:41am
Quoting Fx-gtg
any more GBP bears. I said 1.51
i said 1.54 before.
When Scalpers win, I lose and Vice varsa...
  • #336,998
  • Mar 14, 2013 10:54am Mar 14, 2013 10:54am
Quoting inpatient
still cant workout the reason for the spike?

Without a reason i just see it falling back over the next few hrs
hey.. thats what i was just thinking.. i feel the move is not reflected any where else and there is no fundamentals to support/justify the move..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,999
  • Mar 14, 2013 10:54am Mar 14, 2013 10:54am
Quoting nAVIN2007
im expecting this to be the bottom..according to my analysis im still a long term bull..but if it breaks lower need an exit plan reduce damage..cable needs to reduce movement to this range 15150 -1.48 till end of month..i doubt it will break 1.5150 this month ..so for now 1.48 needs to hold
What have you started Navin?

Attached Image





(It was Navin)



Thank you forexlive.com
Gone to a better place
  • #337,000
  • Mar 14, 2013 10:56am Mar 14, 2013 10:56am
Quoting inpatient
still cant workout the reason for the spike?

Without a reason i just see it falling back over the next few hrs
look at the weekly chart, it made 3 LL which have been quickly absorbed , since than what we get new HH ... simple big money plays it and knows the pain zones.
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