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Cable Update (GBPUSD)

  • #341,821
  • May 29, 2013 4:39am May 29, 2013 4:39am
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.
I Do agree with you.
  • #341,822
  • May 29, 2013 4:47am May 29, 2013 4:47am
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.
Could this be the reason it rised from 4832?

I know... it's not really convincing, but...
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  • #341,823
  • May 29, 2013 4:54am May 29, 2013 4:54am
you are right its not

Quoting Goodvalley
{quote}Could this be the reason it rised from 4832? I know... it's not really convincing, but... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,824
  • Edited 5:50am May 29, 2013 5:18am | Edited 5:50am
Ok to go still , some try again again with spike up as normal in lower tf . already bear continued & now question of iif hold or not at this support intermediate /floating areas!
target still goes to 4913/4831 > 4772 before that correction matter comes up . Premature & crazy bull try actually killed the good correction , think so .

eu daily bull candle was a factor before , now almost over & carry our 1 medium leg down to end if not extension again & again continue un correct, possible .Towards 2100 & gu 4700/4300 .
May need care /explanation/logic seeing H4 bull candle eu, chart h4 shows .2811/29/41 ok 4 failure .
market today is restless a little as decision time for great some thing , to me down start not correct without in weekend or next week . Time there for all movements , so may not that hurry to die earlier !!

fontu
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  • #341,825
  • May 29, 2013 5:42am May 29, 2013 5:42am
In a tight range today but NY might waken it up. I still see south and am holding shorts looking for 4980 area today. Probably be wrong.
  • #341,826
  • May 29, 2013 5:43am May 29, 2013 5:43am
5100 - today ( +/- 10 pips as tolerance )
not euphoria follower
  • #341,827
  • May 29, 2013 5:48am May 29, 2013 5:48am
poss jpy better ,im on jpy

Quoting claudia1
In a tight range today but NY might waken it up. I still see south and am holding shorts looking for 4980 area today. Probably be wrong.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,828
  • May 29, 2013 5:51am May 29, 2013 5:51am
Quoting Mr.C
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!

Cable closed to cover EU losses. Looking for a place to reload.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #341,829
  • May 29, 2013 5:51am May 29, 2013 5:51am
Quoting Bones
poss jpy better ,im on jpy {quote}
Just looked at gbp/jpy funny enough - missed it but ya right. aud/usd looks interesting too. eur/nzd is beeping at me too - never traded it but chart looks interesting.
  • #341,830
  • May 29, 2013 5:56am May 29, 2013 5:56am
5 hours before i long 5015 so now i will keep it till 5300
  • #341,831
  • May 29, 2013 5:58am May 29, 2013 5:58am
Quoting Trader88q
Say what ever u want LONG 5015 SL 4975 TP 5115even can wait 5215
GU rising on very bad fundamentals
  • #341,832
  • May 29, 2013 5:58am May 29, 2013 5:58am
Quoting Trader88q
3 hours before i long 5015 so now i will keep it till 5300
As it broke the 1.5075, I think you are right mate.
  • #341,833
  • May 29, 2013 5:59am May 29, 2013 5:59am
Quoting Trader88q
3 hours before i long 5015 so now i will keep it till 5300
Early days yet this is going down I sat on a bundle of shorts from 125 area looking for 4800 - anyway wine bar time lol. Good luck all.
  • #341,834
  • May 29, 2013 6:00am May 29, 2013 6:00am
Quoting Maso
{quote} As it broke the 1.5075, I think you are right mate.
yes but its a little too late to long.

AUD,EUR,GBP is rising. AUD is very low now. so parallely i will long AUD TP 0.990
  • #341,835
  • May 29, 2013 6:08am May 29, 2013 6:08am
done ..... c ya in new york ......

gonna see reaction around 504x/6x later ...


Quoting iqyu5an
5100 - today ( +/- 10 pips as tolerance )
not euphoria follower
  • #341,836
  • May 29, 2013 6:18am May 29, 2013 6:18am
Quoting Maso
{quote} Nice to meet you mate! I know that you are one of the best traders. But please note that many big traders have lost in 2013. Now, you can find the points I said today. Cable, Fiber, ... are falling again. Just have a look at your system. Again. Please be careful guys.
By the way its not a butterfly it was a Gartley as clearly labeled on chart. Oh yeah and just woke up to Targets 1 and 2 being attained stops now rolled to BE. Its hard work making it look so easy Kid lol

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Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
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  • #341,837
  • May 29, 2013 6:24am May 29, 2013 6:24am
Quoting iqyu5an
that's short term right ? what about medium term ? 537x ? {quote}

1,5273 probably
  • #341,838
  • May 29, 2013 6:25am May 29, 2013 6:25am
hi mate..

was out when see bearish shark around 5100... looking 50 of hi low today... anticipating...5:0 bullish pattern there... ( not sure but ..praying for that )

u know the pattern evolution ehhh

success for your thousand pips mate...

c ya


Quoting CNTrader
{quote} By the way its not a butterfly it was a Gartley as clearly labeled on chart. Oh yeah and just woke up to Targets 1 and 2 being attained stops now rolled to BE. Its hard work making it look so easy Kid lol {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
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not euphoria follower
  • #341,839
  • May 29, 2013 6:29am May 29, 2013 6:29am
currently eyeing at AUDUSD. not much going on on EU and GBPUSD
EU near term targeting 1.31 after that no clue...

but im eyeing for a pattern for AUDUSD to retrac some of its losses.
We live in a finite world with infinite possibilities.
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  • #341,840
  • May 29, 2013 6:37am May 29, 2013 6:37am
Quoting fxtyrant
currently eyeing at AUDUSD. not much going on on EU and GBPUSDEU near term targeting 1.31 after that no clue... but im eyeing for a pattern for AUDUSD to retrac some of its losses.
me too. on AUD now u can take bigger profit than in GU. i am targeting 0.990 at the end of this week
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