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Cable Update (GBPUSD)

  • #342,061
  • Jun 3, 2013 3:21am Jun 3, 2013 3:21am
Quoting sandycarrot
go long
cut profit
5-minute coffee break
if there is something you should keep secret,simply just save it,, so, just
  • #342,062
  • Jun 3, 2013 3:24am Jun 3, 2013 3:24am
Quoting forex guru
As we can see a very interesting situation in the GBP / USD is currently breaking 1.5211 level which is featuring quite important to have the bottom of the W pattern would be a good entry at 1.5215 with a target 1.5273 and 1.5312 if the irritating level 1.5273 then the 1.5312 {image}
first target is reached +58 pips but move on to 1.5312
  • #342,063
  • Jun 3, 2013 3:45am Jun 3, 2013 3:45am
Uk data better than forecast with upwards revision to last mths/...knee jerk upside reaction. If reaches 5306-10 area is 50% of the total 5606-5006 recent fall and 100sma on the daily/200sma on the 4hr. Offers reported 5290-00 initially ..then at 5310 ?

G/L
ex member
  • #342,064
  • Jun 3, 2013 3:48am Jun 3, 2013 3:48am
Quoting bbmac
Uk data better than forecast with upwards revision to last mths/...knee jerk upside reaction. If reaches 5306-10 area is 50% of the total 5606-5006 recent fall and 100sma on the daily/200sma on the 4hr. Offers reported 5290-00 initially ..then at 5310 ? G/L
yes 1,5312
  • #342,065
  • Jun 3, 2013 3:58am Jun 3, 2013 3:58am
Short 5260 TP 5090 SL 5315 4 days duration
Short 5260 TP 5140 SL 5260 2 days duration

if 5315 then short wait 5330 and then short SL 5335 TP 5230

  • #342,066
  • Jun 3, 2013 4:04am Jun 3, 2013 4:04am
Quoting Trader88q
Short 5260 TP 5090 SL 5315 4 days duration Short 5260 TP 5140 SL 5260 2 days duration if 5315 then short wait 5330 and then short SL 5335 TP 5230
I'm not sure to sell
possible but so far I do not see a big short
  • #342,067
  • Jun 3, 2013 4:07am Jun 3, 2013 4:07am
That Weekly r1, those offers @ 5290 and 50% extension of Friday's move at the current daily hi - sell off there hits a lo of 23.6% 5139-5288 (current daily hi) [so far ?) 1hr pinbar candle results.

G/L
ex member
  • #342,068
  • Jun 3, 2013 4:13am Jun 3, 2013 4:13am
Quoting forex guru
{quote} I'm not sure to sell possible but so far I do not see a big short
i am not sure that 5007 is a uptrend. its not confirmed yet. if it will hit 5380 then yes. we are in global uptrend 5007. now we are swiming in 5007-5290 range.
  • #342,069
  • Jun 3, 2013 4:47am Jun 3, 2013 4:47am
The opa [overall price action] uptrend is present to the 4hr t/f now and we have a H on daily now above the last LH on that t/f...so it is confirmed on certain t/f's - but this doesn't mean to say it will continue...Morgan Stanley for eg saying they see limited upside for gbpusd and sell at 5280 with stop 5380, 4840 target.

G/L

Quoting Trader88q
{quote} i am not sure that 5007 is a uptrend. its not confirmed yet. if it will hit 5380 then yes. we are in global uptrend 5007. now we are swiming in 5007-5290 range.
ex member
  • #342,070
  • Jun 3, 2013 6:18am Jun 3, 2013 6:18am
Quoting bbmac
The opa [overall price action] uptrend is present to the 4hr t/f now and we have a H on daily now above the last LH on that t/f...so it is confirmed on certain t/f's - but this doesn't mean to say it will continue...Morgan Stanley for eg saying they see limited upside for gbpusd and sell at 5280 with stop 5380, 4840 target. G/L {quote}
well this is a good indicator if Morgan Stanley say the stop is at 1.5380 , I will start to sell at this level
or I little higher
  • #342,071
  • Jun 3, 2013 6:50am Jun 3, 2013 6:50am
bearish on the short term. Well maybe till the US open in 45 minutes
  • #342,072
  • Jun 3, 2013 7:34am Jun 3, 2013 7:34am
EG H4 M15

Good opp. to buy the dip imo.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: egh4.PNG Size: 63 KB
Click to Enlarge Name: egm15.PNG Size: 47 KB
  • #342,073
  • Jun 3, 2013 8:15am Jun 3, 2013 8:15am
Attached Image
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,074
  • Jun 3, 2013 9:14am Jun 3, 2013 9:14am
Quoting baherhosni
{image}
yur chart is wrong inho..theres no compression and like charles has pointed out its a good buy opportunity as the last swing high is likely to have held (now support) for further up..

its much more likely to have had a breakout and pullback to test the breakout to move
Attached Image
  • #342,075
  • Jun 3, 2013 9:33am Jun 3, 2013 9:33am
it seems that we are going to play the elevator game this week.
  • #342,076
  • Jun 3, 2013 9:47am Jun 3, 2013 9:47am
Quoting nAVIN2007
{quote} yur chart is wrong inho..theres no compression and like charles has pointed out its a good buy opportunity as the last swing high is likely to have held (now support) for further up.. its much more likely to have had a breakout and pullback to test the breakout to move {image}

Ok I agree with the res turning in to support. But why do you think its wrong. I did not suggest any pressure or projection just stating what I see nAVIN! Actually if you see my post before this one, you will find me waiting for 5300-5310 to sell and we are not there yet!

I don't know who charles is but if you mean chazzle, then I want to remind you that he was referring to EURGBP in his call to buy meaning EUR will run higher and faster then GBP. So.. aamm.. I don't know hehe..

Cheers buddy...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,077
  • Jun 3, 2013 9:58am Jun 3, 2013 9:58am
Quoting baherhosni
{quote} Ok I agree with the res turning in to support. But why do you think its wrong. I did not suggest any pressure or projection just stating what I see nAVIN! Actually if you see my post before this one, you will find me waiting for 5300-5310 to sell and we are not there yet! I don't know who charles is but if you mean chazzle, then I want to remind you that he was referring to EURGBP in his call to buy meaning EUR will run higher and faster then GBP. So.. aamm.. I don't know hehe.. Cheers buddy...

i see oops tricked again
  • #342,078
  • Jun 3, 2013 10:03am Jun 3, 2013 10:03am
Quoting nAVIN2007
{quote} i see oops tricked again
No worries pal.. I know you are simply trying to help me

Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,079
  • Jun 3, 2013 10:04am Jun 3, 2013 10:04am
Quoting baherhosni
{quote} No worries pal.. I know you are simply trying to help me Cheers

yeah..but it would be better if i was actually doing this..hehe
always tricked
  • #342,080
  • Jun 3, 2013 10:05am Jun 3, 2013 10:05am
Quoting baherhosni
{quote} Ok I agree with the res turning in to support. But why do you think its wrong. I did not suggest any pressure or projection just stating what I see nAVIN! Actually if you see my post before this one, you will find me waiting for 5300-5310 to sell and we are not there yet! I don't know who charles is but if you mean chazzle, then I want to remind you that he was referring to EURGBP in his call to buy meaning EUR will run higher and faster then GBP. So.. aamm.. I don't know hehe.. Cheers buddy...
I hope for you that you don't put your stop at 1.5380 like Morgan Stanley
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