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Cable Update (GBPUSD)

  • #343,501
  • Jul 4, 2013 6:14am Jul 4, 2013 6:14am
Quoting Trader88q
I like that type of movement. since morning open shorts at 5260 now was in WC came back and made +10% yesssssssssssssssssssssssssssssssssss!!!!! today i will go to bar i as a little crazy now
proof or didn't happen
  • #343,502
  • Jul 4, 2013 6:14am Jul 4, 2013 6:14am
Quoting Schweet
Possible Trap

Trap o toast? )
Loosening is not an option
  • #343,503
  • Jul 4, 2013 6:16am Jul 4, 2013 6:16am
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 39 KB

price moves opposite to most traders bias.
eur/usd waiting to suck more traders to make its move
  • #343,504
  • Jul 4, 2013 6:17am Jul 4, 2013 6:17am
Will keep an eye on 1.5060 and then 1.5010 for possible reversals.
  • #343,505
  • Jul 4, 2013 6:18am Jul 4, 2013 6:18am
Quoting Vilkas
{quote} Trap o toast? )


toast
  • #343,506
  • Jul 4, 2013 6:21am Jul 4, 2013 6:21am
wait for move...jump in...100 pips later...jump out

easy
  • #343,507
  • Jul 4, 2013 6:22am Jul 4, 2013 6:22am
doesn't seem vey bullish lol ,guess bearish news
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,508
  • Jul 4, 2013 6:22am Jul 4, 2013 6:22am
Quoting Doboy408
wait for move...jump in...100 pips later...jump out easy
most awesome comment ever...
  • #343,509
  • Edited 6:32am Jul 4, 2013 6:22am | Edited 6:32am
nice reaction to downside on Boe / Mpc comments about bond yields, possibly also market disappointment that Carney didn't do something after the big build up lol !

Techs to immediate downside:

5073 current daily low
5049 76.4% 4830-5751
5030-06 previous wkly/dly/4hr swing lo zone
4994 Monthly S1 @/around
4971 Weekly S2 @/around
4967 85.4% 4830-5751
4867-30 previous minor monthly/weekly/daily swing lo zone incl 4850-40 monthly ascending t/line coming thru on Friday's daily candle

G/L
ex member
  • #343,510
  • Jul 4, 2013 6:29am Jul 4, 2013 6:29am
Quoting oztrader79
{quote} most awesome comment ever...
lol...now to do the same thing for ECB
  • #343,511
  • Jul 4, 2013 6:29am Jul 4, 2013 6:29am
Quoting Ri Dwe
I think 1.513 is the bottom, 600 pips from the top, my average monthly strike and daily MA(100) to retest. From there it should go up around 400 pips to 1.55-1.56. But then I have to look for signals, which indicates whether it will go straight to 1.59-1.60 or make another test at 1.50 level first (another 600 pips down) and make double bottom there before going up (1000 pips).

  • #343,512
  • Jul 4, 2013 6:41am Jul 4, 2013 6:41am
Quoting Makavell
Im just salivating waiting for 1.5330 if it takes this out then 1.4850 here i come!!!
I got in with huge standard lots and something tells me this is whats happening right now at my brokers office

www.youtube.com/watch?v=AyseV5DoV0A
  • #343,513
  • Jul 4, 2013 6:45am Jul 4, 2013 6:45am
Quoting okanemici
If this Mr.Cable don't reverse from here and hit 1.5030 I 'll be heavily surprised .This morning's jump was nothing but a pullback to reload shorts.If it remains over 1.5350 it is an other story but I don't think that they will mark this up before some more heavy stealing, it would be a big surprise if this moves north from here ! {image}
Told ya, anybody listened to ?
  • #343,514
  • Jul 4, 2013 6:55am Jul 4, 2013 6:55am
We still good for another 100 down? So maybe there wont be any move from NFP tomorrow...
  • #343,515
  • Jul 4, 2013 6:58am Jul 4, 2013 6:58am
GBPUSD is the next big thing. Still going south.
EMA Addict
  • #343,516
  • Jul 4, 2013 7:16am Jul 4, 2013 7:16am
Quoting okanemici
{quote} Told ya, anybody listened to ?
The D1 will cycle up. Price is respected. Watch
It's the simple things in life that have the most powerful meaning.
  • #343,517
  • Jul 4, 2013 7:21am Jul 4, 2013 7:21am
Quoting lebleup
{quote} The D1 will cycle up. Price is respected. Watch
There is no sign of going north this week .This baby will go further south because of weekly and monthly weakness imho.
  • #343,518
  • Jul 4, 2013 7:22am Jul 4, 2013 7:22am
GBP/USD H4 CHART

There is a big support here. It hit the trend-line.
From now we can see an attack to the 1.58 in 2 weeks.

http://i44.tinypic.com/2jcenur.png
  • #343,519
  • Jul 4, 2013 7:24am Jul 4, 2013 7:24am
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. It hit the trend-line. From now we can see an attack to the 1.58 in 2 weeks. {image}
Who cares about a thin line ?
  • #343,520
  • Jul 4, 2013 7:26am Jul 4, 2013 7:26am
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. It hit the trend-line. From now we can see an attack to the 1.58 in 2 weeks. {image}
Why are so sure about that, David?
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