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Cable Update (GBPUSD)

  • #337,541
  • Mar 22, 2013 9:50am Mar 22, 2013 9:50am
1 Hr - Not too sure who is going to bring GU down (some .. ....)
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Click to Enlarge Name: gbpusdh1-2.png Size: 35 KB
  • #337,542
  • Mar 22, 2013 10:04am Mar 22, 2013 10:04am
I get the impression a big player just hit sell, at least Alpari triggered my SL's exactly.
  • #337,543
  • Mar 22, 2013 10:06am Mar 22, 2013 10:06am
I love this
Fitch Places United Kingdom on Rating Watch Negative
  • #337,544
  • Mar 22, 2013 10:07am Mar 22, 2013 10:07am
Quoting blobsaudio
I get the impression a big player just hit sell, at least Alpari triggered my SL's exactly.
Fitch put UK on negative watch
  • #337,545
  • Mar 22, 2013 10:09am Mar 22, 2013 10:09am
Quoting TradeWell
Fitch put UK on negative watch
That would explain the sudden drop. Will see how the hourly closes.
  • #337,546
  • Mar 22, 2013 10:11am Mar 22, 2013 10:11am
Pity it's in an uptrend buy the dips.
  • #337,547
  • Mar 22, 2013 10:13am Mar 22, 2013 10:13am
As long as the daily candle is still not closed , it's too soon to say up , be careful .
  • #337,548
  • Mar 22, 2013 10:14am Mar 22, 2013 10:14am
they love to fart on fry-day it happened to be on my utl down trend line area when they decided to fart, especially on US hours. Not the first time, the other time was moody.
  • #337,549
  • Mar 22, 2013 10:14am Mar 22, 2013 10:14am
Just waited till UK market close, i was thinking if they will take some profits on GU longs now will return on monnday without profit? will they try to push price up to close longs? Will they have a chance?
  • #337,550
  • Mar 22, 2013 10:17am Mar 22, 2013 10:17am
Quoting 5percent
they love to fart on fry-day it happened to be on my utl down trend line area when they decided to fart, especially on US hours. Not the first time, the other time was moody.
Market cares less and less what the ratings agencies say, after 2008 bs
  • #337,551
  • Mar 22, 2013 10:19am Mar 22, 2013 10:19am
Quoting TradeWell
Market cares less and less what the ratings agencies say, after 2008 bs
Maybe in the long-term, but it surely gave an excuse to TP even if it was an algo.
When the facts change I change my mind, what do you do sir
  • #337,552
  • Mar 22, 2013 10:20am Mar 22, 2013 10:20am
Quoting TradeWell
Market cares less and less what the ratings agencies say, after 2008 bs
I remember when price pull back first time to 1.531* , and was at 1.5250, then moody came in to fart on friday as well, and it closed at 1.5160 as market dived that time. Its on negative watch, not yet a downgrade but its definitely helping the shorts or giving some pressure to the bull, previous hour was pin bar, it look like it was going up on a breakout on 1.5250, then fitch came in just nice . If i am working in their company, i don't believe none of their staff don't trade or leak infos , i definitely place the sell stops to catch that quick moves .

i Like a close on 1.5250 to confirm the bull in control till 1.53 is challenged.
  • #337,553
  • Mar 22, 2013 10:21am Mar 22, 2013 10:21am
Quoting Pip Anon
Maybe in the long-term, but it surely gave an excuse to TP even if it was an algo.
oh yes, can still take advantage of the news, but the effect wears off faster than it used to
  • #337,554
  • Mar 22, 2013 10:21am Mar 22, 2013 10:21am
  • #337,555
  • Mar 22, 2013 10:25am Mar 22, 2013 10:25am
Quoting taomql4
1 Hr - Not too sure who is going to bring GU down (some .. ....)


That was a quick one ..And it's not the " News " ..lol

Alright , Nice weekend folks ..
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  • #337,556
  • Mar 22, 2013 10:28am Mar 22, 2013 10:28am
Quoting taomql4
That was a quick one ..And it's not the " News " ..lol

Alright , Nice weekend folks ..
most of the times, the elements aligned together for the move, its like hit on massive offers orderboard and they release the news the same time, and yes there are supplies there, that area previously was support before the plunge to 1.5160 on moody's downgrade and gap down, check daily. See this hour 1 , along with any updates of cyprus to see who will prevail likely.
  • #337,557
  • Mar 22, 2013 10:38am Mar 22, 2013 10:38am
RWN news that just came out is what short traders all waiting for and it happen. But if the price drop just like this, then I believe bear should be nervous now. At least they cant sleep well over weekend. Let's see.
  • #337,558
  • Mar 22, 2013 10:57am Mar 22, 2013 10:57am
background noise.. but that noise sure stopped out some longs i guess.. and it shows that the bears are still not very interested in this level i guessing too.. if you look at the daily, you should notice that the move just made a tiny retreat due to the thin supply area posted above but the patterns are mainly still intact. it just looks like a big move on M15!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,559
  • Mar 22, 2013 11:07am Mar 22, 2013 11:07am
still some idiots buying this toilet paper
  • #337,560
  • Mar 22, 2013 11:10am Mar 22, 2013 11:10am
lol

Quoting pipnapper
still some idiots buying this toilet paper
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