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Cable Update (GBPUSD)

  • #338,561
  • Apr 8, 2013 5:37am Apr 8, 2013 5:37am
Quoting FXMindset
Closed all my long position before,now starting short {image}
damn cool, very expensive price to sell

great trade buddy. will that top horizontal target (if i'm not mistaken that's a R become S) will be your 1st target ??

thanks
Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,562
  • Apr 8, 2013 5:55am Apr 8, 2013 5:55am
Quoting alterchristo
damn cool, very expensive price to sell great trade buddy. will that top horizontal target (if i'm not mistaken that's a R become S) will be your 1st target ?? thanks
if this top hold well am looking 1.509x buddy,need watching every price reaction first at every levels for keep hold or close
If there was easy money lying around,no one would be forcing it into your
  • #338,563
  • Apr 8, 2013 7:32am Apr 8, 2013 7:32am
Today has not been good for me. lost a good amount of money. Hope the US market brings better fortune for me. looking to go short when price closes below 1.5292
  • #338,564
  • Apr 8, 2013 7:39am Apr 8, 2013 7:39am
Thatcher died today at 87.

http://www.bbc.co.uk/news/uk-politics-22067155
  • #338,565
  • Apr 8, 2013 7:41am Apr 8, 2013 7:41am
I start buying from here
Attached Image (click to enlarge)
Click to Enlarge Name: up.png Size: 60 KB
  • #338,566
  • Apr 8, 2013 7:46am Apr 8, 2013 7:46am
Quoting hutrader
Thatcher died today at 87. http://www.bbc.co.uk/news/uk-politics-22067155
A shame, she was a excellent Prime Minister even if before my time.
  • #338,567
  • Apr 8, 2013 7:56am Apr 8, 2013 7:56am
Quoting -sonny-
I start buying from here {image}
I'll hold that taught.
  • #338,568
  • Apr 8, 2013 8:18am Apr 8, 2013 8:18am
This is what am seeing in the 15mins chart. Presently there is a formation symmetrical triangle in this bullish run. Changing my earlier position of selling. Would look forward to a break above this triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd15.png Size: 35 KB
  • #338,569
  • Apr 8, 2013 8:27am Apr 8, 2013 8:27am
Quoting strategos
This is what am seeing in the 15mins chart. Presently there is a formation symmetrical triangle in this bullish run. Changing my earlier position of selling. Would look forward to a break above this triangle. {image}
1.53 seems to be holding rather well, there are quite long wicks on the hourly candles. Nothing stopping it falling through at any moment, however long wicks does indicate to an extent that it doesn't particularly want to go down.
  • #338,570
  • Apr 8, 2013 8:36am Apr 8, 2013 8:36am
Quoting blobsaudio
1.53 seems to be holding rather well, there are quite long wicks on the hourly candles. Nothing stopping it falling through at any moment, however long wicks does indicate to an extent that it doesn't particularly want to go down.
If price was to close below 1.5292 then we would be looking at the bearish run. We should wait and see how price plays.
  • #338,571
  • Apr 8, 2013 8:52am Apr 8, 2013 8:52am
Quoting blobsaudio
1.53 seems to be holding rather well, there are quite long wicks on the hourly candles. Nothing stopping it falling through at any moment, however long wicks does indicate to an extent that it doesn't particularly want to go down.
1.53 happens to be todays pivot point. For me, the multiple hits on this point and the failure of price to close below it gives me a clearer picture of the events occurring. An official break of this point would see a bearish run.Am presently not not expecting the break of this point right now.
  • #338,572
  • Apr 8, 2013 8:54am Apr 8, 2013 8:54am
Quoting strategos
1.53 happens to be todays pivot point. For me, the multiple hits on this point and the failure of price to close below it gives me a clearer picture of the events occurring. An official break of this point would see a bearish run.Am presently not not expecting the break of this point right now.
I never see a break and close above or below a daily pivot as a solid indication of where price will go, all to often price will close above or below it then quickly head the other way shortly after.

1.53 is an important price point however.
  • #338,573
  • Apr 8, 2013 9:00am Apr 8, 2013 9:00am
Quoting blobsaudio
I never see a break and close above or below a daily pivot as a solid indication of where price will go, all to often price will close above or below it then quickly head the other way shortly after. 1.53 is an important price point however.
ok
  • #338,574
  • Apr 8, 2013 9:11am Apr 8, 2013 9:11am
Quoting hutrader
Thatcher died today at 87. http://www.bbc.co.uk/news/uk-politics-22067155
The well known opponent of euro, thank to her we can now trading British pound. May she rest in peace.
  • #338,575
  • Apr 8, 2013 9:18am Apr 8, 2013 9:18am
Quoting qwerty47
The well known opponent of euro, thank to her we can now trading British pound. May she rest in peace.
The world mourns her departure.
  • #338,576
  • Apr 8, 2013 9:38am Apr 8, 2013 9:38am
Thatcher

The usual suspects with unsurprising platitudes are filling the airwaves since her death was announced. Reverential and and Respectful would sum it up so far - Gerry Adams the Sinn Fein President bucking that trend, with Ed Milliband's carefully worded statement reflecting the ideological division that still exists at the Heart of ' Old labour ' and ' Thatcherism.'

They called her a conservative, she was after all the Leader of the 'Conservative and Unionist' party as it was once, but she was far from being a conservative. She was like Blair after her someone who hijacked a party down on it's luck and desperate for power at any price. Thatcher was a free market radical whose central philosophy instilled in her by mentor Keith Joseph (via Milton Friedman)was that free markets will cure all, and Society is secondary. How wrong she was -and we are living with the cost of that mistake today and will be for years to come. The market does not cure all and society does matter and if you allow one to run riot whilst largely ignoring it's socio economic effects we arrive at 2008 and beyond, - a country brought to it's knees by the excesses of free market economics and a broken society where the rich get richer-the poor get poorer and we all pay the price.

My sympathies go out to her family and I have no doubt that she acted from conviction, but it should never be forgotten that in her central ideology/conviction - she was wrong.
ex member
  • #338,577
  • Apr 8, 2013 9:46am Apr 8, 2013 9:46am
seems like we got a bit of support at ~5280 area..

test a long there, tight stop..
  • #338,578
  • Apr 8, 2013 9:47am Apr 8, 2013 9:47am
Attached Image

I am waiting buy position around 1.52326
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 21 KB
  • #338,579
  • Apr 8, 2013 9:50am Apr 8, 2013 9:50am
Quoting A-speculator
seems like we got a bit of support at ~5280 area.. test a long there, tight stop..
Yeah on the 1M it seems to have, hoping this is a mere fakeout.
  • #338,580
  • Apr 8, 2013 9:51am Apr 8, 2013 9:51am
Quoting pepesan
I am waiting buy position around 1.52326 {image}
i agree that is a good price, it might get there, it might not..

another thing is, fiber and swissy seems find their s&r at about the same time as cable.. if fiber go below 1.3, i think it will be long way down for cable also..
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