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Cable Update (GBPUSD)

  • #338,041
  • Apr 1, 2013 8:45pm Apr 1, 2013 8:45pm
Looks like it will be a strong week for the GBP.
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  • #338,042
  • Apr 2, 2013 12:34am Apr 2, 2013 12:34am
i decided not going to trade cable for the time being, going to short fiber and long swissy..

see u later guys..
  • #338,043
  • Apr 2, 2013 1:51am Apr 2, 2013 1:51am
Let's see a retest of 1.5188..lower if poor manufacturing data.
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When the facts change I change my mind, what do you do sir
  • #338,044
  • Apr 2, 2013 2:19am Apr 2, 2013 2:19am
Cant resist taking a short on such good price imho. Test a short at 5230
  • #338,045
  • Apr 2, 2013 3:06am Apr 2, 2013 3:06am
There is a ok engulfing candle on the 1HR chart. The news at 9:30am could potentially disrupt it and price was in this area during the Asian session which is not ideal.

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The blue line is where price would ideally go through before entering.
  • #338,046
  • Apr 2, 2013 3:33am Apr 2, 2013 3:33am
double top 4H???
stochastic was confirm
bad datas overall.
  • #338,047
  • Apr 2, 2013 3:34am Apr 2, 2013 3:34am
My two cents, cant say how price will react to fundies, made a small short from 1.523x, if price wount show intentional move will exit.
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  • #338,048
  • Apr 2, 2013 3:38am Apr 2, 2013 3:38am
Quoting Pip Anon
Let's see a retest of 1.5188..lower if poor manufacturing data. {image}
Attached Image (click to enlarge)
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When the facts change I change my mind, what do you do sir
  • #338,049
  • Apr 2, 2013 3:40am Apr 2, 2013 3:40am
Moved SL +1, lets see what cable can do...
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  • #338,050
  • Apr 2, 2013 3:41am Apr 2, 2013 3:41am
Figures, Brits don't drop it on crap PMI data but stabilize it on boring mortgage lending.
When the facts change I change my mind, what do you do sir
  • #338,051
  • Apr 2, 2013 3:43am Apr 2, 2013 3:43am
Quoting Pip Anon
Figures, Brits don't drop it on crap PMI data but stabilize it on boring mortgage lending.
patience mate..
  • #338,052
  • Apr 2, 2013 3:55am Apr 2, 2013 3:55am
Quoting Pip Anon
Figures, Brits don't drop it on crap PMI data but stabilize it on boring mortgage lending.
The housing market 'is' the UK economy.
  • #338,053
  • Apr 2, 2013 4:04am Apr 2, 2013 4:04am
Well done mate! the best advice I'm atill bearish on sterling because of a bad economic data it had today on PMI. It is going to the bottom at 1.51 for today.

Quoting A-speculator
Cant resist taking a short on such good price imho. Test a short at 5230
  • #338,054
  • Apr 2, 2013 4:07am Apr 2, 2013 4:07am
Quoting Maso
Well done mate! the best advice I'm atill bearish on sterling because of a bad economic data it had today on PMI. It is going to the bottom at 1.51 for today.
thanks. frankly, i don't bother about the economic side mate, i just trade based on candles... comparing cable to fiber, i still think fiber is better.

anyway, all the best mate. green pips to you, always.
  • #338,055
  • Apr 2, 2013 4:16am Apr 2, 2013 4:16am
Sterling is a very poor currency in the Q2 as it was in Q1. The BOE wants a weak cable. they have a fragile economy......
So, it will start falling to 1.40 level...

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  • #338,056
  • Apr 2, 2013 4:19am Apr 2, 2013 4:19am
Quoting neil324
The housing market 'is' the UK economy.
Lol, makes sense given the poor economic outlook
When the facts change I change my mind, what do you do sir
  • #338,057
  • Apr 2, 2013 4:19am Apr 2, 2013 4:19am
Profit taken
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  • #338,058
  • Apr 2, 2013 4:19am Apr 2, 2013 4:19am
Quoting A-speculator
patience mate..
Still getting use to tick chart
When the facts change I change my mind, what do you do sir
  • #338,059
  • Apr 2, 2013 4:20am Apr 2, 2013 4:20am
Quoting Pip Anon
Still getting use to tick chart
use 4h mate.. don't trade the noise but try to filter the noise
  • #338,060
  • Apr 2, 2013 4:22am Apr 2, 2013 4:22am
The pair dropped sharply from 1.5230. Then, it will go down more.

Quoting xau
Profit taken {image}
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