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Cable Update (GBPUSD)

  • #339,141
  • Apr 19, 2013 7:30am Apr 19, 2013 7:30am
Quoting Trader88q
or we could stay in 5350 till monday.
Nah, don't think so. Back to 1.5325, 1.5311, 1.5295 or up to 1.5385, 1.541
Trade according to current market condition, not what you think would be.
  • #339,142
  • Apr 19, 2013 7:38am Apr 19, 2013 7:38am
Quoting gaurav.132
we had all negative economic data from UK but still GU is pushing higher anyone having idea about it ?
What bad economic data? There has been no major signs of decline for the UK. And they are getting a new governor,
Carney, who takes office in June and plans to implement a new growth strategy.
  • #339,143
  • Apr 19, 2013 7:46am Apr 19, 2013 7:46am
Quoting Trader88q
or we could stay in 5350 till monday.
yep , I think we will stay sideways until next week and than a last leg up to 1.55, than probably a correction down.

If we break below 1.5295 today than my scenario is invalid
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  • #339,144
  • Apr 19, 2013 8:03am Apr 19, 2013 8:03am
Am in the market bought 1.5325 tp 1.5385 or 1.5410, sl 1.5288. I think if it breaks 1.5311, 1.5295 will not hold.
Maybe adjust my sl later.
Trade according to current market condition, not what you think would be.
  • #339,145
  • Apr 19, 2013 9:10am Apr 19, 2013 9:10am
Quoting J.Clinton
Am in the market bought 1.5325 tp 1.5385 or 1.5410, sl 1.5288. I think if it breaks 1.5311, 1.5295 will not hold. Maybe adjust my sl later.
Out of market, exited 1.5307. Good Luck to who shorted the pair.
Only positive point in this trade, was right in adjusting my sl. 1.5295 did not hold after 1.5311 was broken.
Trade according to current market condition, not what you think would be.
  • #339,146
  • Apr 19, 2013 9:18am Apr 19, 2013 9:18am
ok i am closing my short 5365 TP 5285

i think next week we will continue to fall. downtrend begins
  • #339,147
  • Apr 19, 2013 9:50am Apr 19, 2013 9:50am
Quoting Trader88q
ok i am closing my short 5365 TP 5285 i think next week we will continue to fall. downtrend begins
The market turned to your favor. Must had added a trailing stop of 1.5295 or 1.53, and a Tp of 1.5265 down to 1.525.
Just my humble advice.
Trade according to current market condition, not what you think would be.
  • #339,148
  • Apr 19, 2013 9:56am Apr 19, 2013 9:56am
monday morning april 15
Quoting Trader88q
dont care about the data anymore. look technical point of view. now its open free fall for GBP of call it what ever u want. so technically we will back this week to 5235 first point. here u can buy SP 5210 TP 5335 next level 5160 here u can buy again. if again wrong SL 5140 TP 5260. IF 5160 will be broken it could mean long term trend again bearish target may be 4800 again. but i think this week we will hit 5235 it will be minimum of this week. copy that message and read it at thursday morning ok
i was almost rigth
  • #339,149
  • Apr 19, 2013 10:00am Apr 19, 2013 10:00am
Correct mate, for me it will sink in this movement towards 1,515 at least...


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Quoting Trader88q
monday morning april 15 i was almost rigth
  • #339,150
  • Apr 19, 2013 10:00am Apr 19, 2013 10:00am
Wohooooo bohooooo.........��
Thanks alot for ur tehnical all
Trade with passion
  • #339,151
  • Apr 19, 2013 10:11am Apr 19, 2013 10:11am
Quoting Maso
Correct mate, for me it will sink in this movement towards 1,515 at least... {image}
In coming week we could back to support 5217. If that line will be broken then 5200,I will wait 5180 then will LONG.
If 5217 will not be broken then LONG that level Long 5220 SL. 5200 TP. 5320.
or Long 5180 SL. 5160. TP.5320

To short i dont know yet cause it could rebound strongly.

If we slide to 5032 and that is very imortand line. if that level will be broken then the up trend brakedown may appear and will start to back to 4800.
but i dont think its gonna happen in a near term
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  • #339,152
  • Apr 19, 2013 10:17am Apr 19, 2013 10:17am
making a bearish candlestick

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  • #339,153
  • Apr 19, 2013 10:23am Apr 19, 2013 10:23am
The upward trend has been denied sharply...means that the pair will sink, I would say even to 1.50 level.

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Quoting Maso
Correct mate, for me it will sink in this movement towards 1,515 at least... {image}
  • #339,154
  • Edited 10:50am Apr 19, 2013 10:33am | Edited 10:50am
Consolidation on the way until 1.5212(will we see it today?) break.

Answer, Yes Yes if break under 1.525
Trade according to current market condition, not what you think would be.
  • #339,155
  • Apr 19, 2013 10:40am Apr 19, 2013 10:40am
usd lfx h4
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,156
  • Apr 19, 2013 10:55am Apr 19, 2013 10:55am
no not the power at all


Quoting Bones
looking closer few hours off close {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,157
  • Apr 19, 2013 11:11am Apr 19, 2013 11:11am
still bearish move I think

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  • #339,158
  • Apr 19, 2013 11:12am Apr 19, 2013 11:12am
Quoting Trader88q
In coming week we could back to support 5217. If that line will be broken then 5200,I will wait 5180 then will LONG. If 5217 will not be broken then LONG that level Long 5220 SL. 5200 TP. 5320. or Long 5180 SL. 5160. TP.5320 To short i dont know yet cause it could rebound strongly. If we slide to 5032 and that is very imortand line. if that level will be broken then the up trend brakedown may appear and will start to back to 4800. but i dont think its gonna happen in a near term {image}
I agree , we are going to test 1.5160 and the 200MA 4h tf it's also the support of the channel UP , and if the euro have support at 1.30 possible move UP again
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  • #339,159
  • Apr 19, 2013 11:17am Apr 19, 2013 11:17am
I always look at these analysis and I have found that Mr Cable breaks them and then follows them. So, as it has been downgraded, it will sink below 1.51 on Monday.

Quoting -sonny-
I agree , we are going to test 1.5160 and the 200MA 4h tf it's also the support of the channel UP , and if the euro have support at 1.30 possible move UP again {image}
  • #339,160
  • Apr 19, 2013 11:23am Apr 19, 2013 11:23am
Quoting Maso
I always look at these analysis and I have found that Mr Cable breaks them and then follows them. So, as it has been downgraded, it will sink below 1.51 on Monday.
hope for you that you are right Maso, but we still have some supports to break first 1.5215 1.5180
1.5160 it's the most important
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