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Cable Update (GBPUSD)

  • #338,281
  • Apr 4, 2013 3:45am Apr 4, 2013 3:45am
Quoting A-speculator
Perhaps we're going for price below 1.5 with this kind of momentum.. but i'm going to TP just above 1.5 and see how candle progress after that. Are u going to play catching knife mate?
I actually put half my lot size on 1.5030 and I was expecting it to fall nice below 1.5 anywhere on the PMI news to add my second half. But looks like the PMI news came out good and so it went up 1.5070, I think I'll just hold on to my half lot as it may just be stalled here till the next two news before it goes up and also a possibility of a spike down by London boys (will add my second half there) and ride it all the way up.
prepare for worst & expect the best
  • #338,282
  • Apr 4, 2013 3:51am Apr 4, 2013 3:51am
Quoting Danny Maina
After the BOJ gave us the first stimulant of the day. Am hanging onto my short on the cable with all the three targets expected to be achieved by end of tomorrow. This just feels like breakfast on a festive day. {image}
Target II reached and 93 pips home and dry.
I should be for the day.
  • #338,283
  • Apr 4, 2013 3:56am Apr 4, 2013 3:56am
Quoting tony_dtrader
I actually put half my lot size on 1.5030 and I was expecting it to fall nice below 1.5 anywhere on the PMI news to add my second half. But looks like the PMI news came out good and so it went up 1.5070, I think I'll just hold on to my half lot as it may just be stalled here till the next two news before it goes up and also a possibility of a spike down by London boys (will add my second half there) and ride it all the way up.
5080 is the support turned resistance now.. that resistance has to hold to keep the bears happy.. i can't figure out, Why u chosf 5030 to short and within minutes of fundamental data release? I think you are not trading mate, You're gambling..
  • #338,284
  • Edited 4:40am Apr 4, 2013 4:22am | Edited 4:40am


Attached Image (click to enlarge)
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There is also some divergence forming on the 4HR with stochastic and RSI. A lot can happen though in the next 3 and a bit hours before the 4HR candle closes on my charts.
  • #338,285
  • Apr 4, 2013 4:24am Apr 4, 2013 4:24am
Quoting A-speculator
5080 is the support turned resistance now.. that resistance has to hold to keep the bears happy.. i can't figure out, Why u chosf 5030 to short and within minutes of fundamental data release? I think you are not trading mate, You're gambling..

I think that You are missunderstanding what he wrote there
I see it as that he bought at 50.3 with half of his lot size and he's waiting to add more longs lower if it gets there
  • #338,286
  • Edited 5:11am Apr 4, 2013 4:29am | Edited 5:11am
Quoting fontu
Just an update , the next in gold started & great crush/bear continuation done already .In weekly still a last leg up/correction likely but daily & low tf taken the step of continuation , decision taken . so if a correction towards 1585 to further down or continue as such , all ok. eu,gu,au still staying at some correction level but should not as such , so failure towards base most possible before another try up intact . eu 2768/55 & gu 5098 to 5077 even not continue down to 5026 actually here.. lets see next day for final decision in continuation...
ok so far & will wait carrying out for more before a bounce .gu to must breaks 5026 to actually below 5000 , 4982/19 even previous bottom 4831 or low, eu may to 2660 & gold break 1526 to actually 1506 /1486 , target next remain 1430 if all OK .
lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,287
  • Apr 4, 2013 4:36am Apr 4, 2013 4:36am
Quoting tony_dtrader
Hey Guys, Watch for GBP/USD and PMI news In 30 mins. When it touches 1.4999 or falls down, get in long because the GBP assest purchase rate and Interest rate may most probably remain unchanged in the news 2hours 30mins later and a possibility of the pair going sky high from below back to 1.5150~1.5200 area again. Opportunity and Risk / Rewards your willing to take on the probability.

I'm guessing your experience is not limited. I now believe 150.47 could hold and take us too 15110 and thats then drop... as we hit a weekly bootom on the wick .. sent past 15040 and touched on 1 of my platform the weekly wicked bottom etc so am expecting it to get to 15110 - Do you have similar?? then the short to 149.90
  • #338,288
  • Apr 4, 2013 4:38am Apr 4, 2013 4:38am
where its consolidating after hitting 80 i am expecting it too pullback to 150.47 inc ase i got yuou mixed up there then to 151.10 then fall 1.4990 and was wondering if you had similar or anyone similar?
  • #338,289
  • Apr 4, 2013 4:45am Apr 4, 2013 4:45am
Quoting Wuza
I think that You are missunderstanding what he wrote there I see it as that he bought at 50.3 with half of his lot size and he's waiting to add more longs lower if it gets there
Is that's so..

Ok then..
  • #338,290
  • Apr 4, 2013 5:01am Apr 4, 2013 5:01am
cleared my positions as price approaching last low at 5050.. will analyse next entry later..
  • #338,291
  • Apr 4, 2013 5:07am Apr 4, 2013 5:07am
testing 1 small long at 5047 with SL 5030.. just a test..
  • #338,292
  • Apr 4, 2013 5:14am Apr 4, 2013 5:14am
Quoting A-speculator
testing 1 small long at 5047 with SL 5030.. just a test..
Are you trying to get your fingers burned?
  • #338,293
  • Apr 4, 2013 5:16am Apr 4, 2013 5:16am
Quoting Danny Maina
Are you trying to get your fingers burned?
that is why it is called testing.. afterall the SL is just 17 pips..
  • #338,294
  • Apr 4, 2013 5:19am Apr 4, 2013 5:19am
Quoting A-speculator
testing 1 small long at 5047 with SL 5030.. just a test..
Should net you some good pips if it works
  • #338,295
  • Apr 4, 2013 5:21am Apr 4, 2013 5:21am
It's time to buy GU :]
  • #338,296
  • Apr 4, 2013 5:25am Apr 4, 2013 5:25am
Quoting A-speculator
testing 1 small long at 5047 with SL 5030.. just a test..
ok for few pips but careful.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,297
  • Apr 4, 2013 5:28am Apr 4, 2013 5:28am
Finally i am proved right only took all of two weeks of crapping my pants
  • #338,298
  • Apr 4, 2013 5:30am Apr 4, 2013 5:30am
Quoting fontu
ok for few pips but careful. fontu {image}
  • #338,299
  • Apr 4, 2013 5:43am Apr 4, 2013 5:43am
everything is possible right now , the break down , or a reversal up
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  • #338,300
  • Apr 4, 2013 5:45am Apr 4, 2013 5:45am
Quoting A-speculator
that is why it is called testing.. afterall the SL is just 17 pips..
Its the correct place to buy for a scalp of 40 pips.. i too bougght at 40 and excited at 80.. went lower than i expected which is why when it retraced after 80 back to 40 I bought again at 45 as now i believe it could test 15113 to then fall from heaven however it needs to get past 15095 first but that will get supported by 150.75 i think.. but if this goes up from here then shorts are starting at 15095

But Speculator was buying qat support no reason not to buy there as it was Weekly support and i have no doubt speculator knew that and knew it was at least getting to 80 as i said in my earlier plan but plans slightly changed as it went lower than 40 and into the bottom of the wicks which i expect now can lead it to 15110
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