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Cable Update (GBPUSD)

  • #341,801
  • May 29, 2013 1:17am May 29, 2013 1:17am
trading time ....................... no fighting...................
not euphoria follower
  • #341,802
  • May 29, 2013 1:19am May 29, 2013 1:19am
someone is cooking ..
not euphoria follower
  • #341,803
  • May 29, 2013 1:24am May 29, 2013 1:24am
Quoting iqyu5an
someone is cooking ..
You are not wrong - it's breakfast time in London getting ready to buy them dollars lol! 4800 here we come.
  • #341,804
  • May 29, 2013 1:43am May 29, 2013 1:43am
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd-2.png Size: 72 KB
  • #341,805
  • May 29, 2013 1:45am May 29, 2013 1:45am
green data ...... drop
now ....... rocket ( at least when typing )
happened in montly- low ( around )

what happened ?

Quoting iqyu5an
someone is cooking ..
not euphoria follower
  • #341,806
  • May 29, 2013 1:48am May 29, 2013 1:48am
that's short term right ? what about medium term ? 537x ?

Quoting forex guru
{image}
not euphoria follower
  • #341,807
  • May 29, 2013 2:09am May 29, 2013 2:09am
Quoting Maso
{quote} I remember that somebody was giving advice to traders to load longs at 1.503 area This bearish trend will be continued touching 1.48 and then 1.46.
Why do you think we will go to 1.48 and then 1.46?
Can you explain that please?
Thanks
Stick to your plan and you will be successful !!!
  • #341,808
  • May 29, 2013 2:14am May 29, 2013 2:14am
Quoting Maso
{quote} I remember that somebody was giving advice to traders to load longs at 1.503 area This bearish trend will be continued touching 1.48 and then 1.46.
That's me and the trade is in profit at the time being. Target of 80 pips @ 15110 is possible from my 2 cents view
  • #341,809
  • May 29, 2013 2:21am May 29, 2013 2:21am
Quoting Makavell
{quote} still short from 1.5300. currently the line on the sand is 1.5163 which is where ive moved my stop to. target still remains 1.4690
moving my stops from 1.5163 to 1.5088
  • #341,810
  • May 29, 2013 2:34am May 29, 2013 2:34am
im still not convinced of GBPUSD rebounding from here....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,811
  • May 29, 2013 2:56am May 29, 2013 2:56am
Quoting Trader88q
{quote} u are talking too much. are u really a trader? a useless spoker
Hey mate! nice to see you again. Yes, I'm a long term trader. By the end of this week every thing will be cleared.
  • #341,812
  • May 29, 2013 3:00am May 29, 2013 3:00am
Quoting fxtyrant
im still not convinced of GBPUSD rebounding from here....
I think it was shifted because of some corrections on EURGBP and GBPJPY.
  • #341,813
  • Edited 3:26am May 29, 2013 3:01am | Edited 3:26am
Quoting ForexRatVN
{quote}That's me and the trade is in profit at the time being. Target of 80 pips @ 15110 is possible from my 2 cents view
Well done mate! But I think if it can't pass 1.507, then it will go down again even below 1.498.
  • #341,814
  • May 29, 2013 3:09am May 29, 2013 3:09am
Quoting MultiLion
{quote}Why do you think we will go to 1.48 and then 1.46? Can you explain that please?Thanks
This is my analysis. However, 1.44 is a bottom line for now. I'm not a scalper. In addition, USD is so strong but EURGBP is bullish. Aussie is bearish... I have always had a long term view and sorry for any inconvenience.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 140 KB
  • #341,815
  • May 29, 2013 3:38am May 29, 2013 3:38am
Quoting Maso
{quote} This is my analysis. However, 1.44 is a bottom line for now. I'm not a scalper. In addition, USD is so strong but EURGBP is bullish. Aussie is bearish... I have always had a long term view and sorry for any inconvenience. {image}
nice picture
  • #341,816
  • May 29, 2013 3:53am May 29, 2013 3:53am
Quoting Maso
{quote} This is my analysis. However, 1.44 is a bottom line for now. I'm not a scalper. In addition, USD is so strong but EURGBP is bullish. Aussie is bearish... I have always had a long term view and sorry for any inconvenience. {image}
Thank you very match. Your analysis is interesting. I would be very happy if filled as soon as possible.
Many pips to you and all ... :-)
Stick to your plan and you will be successful !!!
  • #341,817
  • May 29, 2013 4:18am May 29, 2013 4:18am
On a 4H chart its clear that market is trying to brake 5010 level second time in second week. 5010 very strong support. I dont think it will continue to fall more. Cause in other words the reason of rising 4832 was? What was the reason? At the 4832 there was no reason to rise but it rised to 5600. So now its hardlly possiblle that it will go to 4800 level.
Technically buy zone in terms of price and supply demand and fibonachi all in one.
  • #341,818
  • May 29, 2013 4:20am May 29, 2013 4:20am
Good day traders. Another day in the jungle. First order of the day: GBP/USD short from 1,5063. After zone of 1,5036 is reached - SL to break even. Preparing EU.

GL today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #341,819
  • May 29, 2013 4:26am May 29, 2013 4:26am
Strong move up off 5006 current daily lo...bids reported into 5000 and an obvious 'round number' - 'psychological level' around 76.4% 4830-5606...strong 4hr bullish thrust close off it results....price finding some resistance at the previous 4hr swing lo zone at 50% 5135-5606/23.6% 5280-5606 now...

How strong are the bulls now ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 155 KB
ex member
  • #341,820
  • May 29, 2013 4:30am May 29, 2013 4:30am
Quoting Trader88q
On a 4H chart its clear that market is trying to brake 5010 level second time in second week. 5010 very strong support. I dont think it will continue to fall more. Cause in other words the reason of rising 4832 was? What was the reason? At the 4832 there was no reason to rise but it rised to 5600. So now its hardlly possiblle that it will go to 4800 level.Technically buy zone in terms of price and supply demand and fibonachi all in one.

This is long term trend. Going to 156 was a correction and the trend continues until it fails to go lower. And its more possible that it will go down to 149-148 than going back up.

http://i.imgur.com/aVo6O85.jpg
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