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Cable Update (GBPUSD)

  • #343,941
  • Jul 17, 2013 4:48am Jul 17, 2013 4:48am
Quoting ijan112
stop arguing guys... we r here to help each other... 1.5364 by today for GU...
thats post on jul 12..remind u..
when GOD brings you a challenge he also gives you the power to deal with it
  • #343,942
  • Jul 17, 2013 4:51am Jul 17, 2013 4:51am
Better to stop trading and wait for Bernanke now ... maybe we have another big move in the usd majors again... up or down will be a mystery depending on if Bernanke burps or farts again
"be content with your pay" - John the Baptist
  • #343,943
  • Jul 17, 2013 4:59am Jul 17, 2013 4:59am
Quoting dormin
Better to stop trading and wait for Bernanke now ... maybe we have another big move in the usd majors again... up or down will be a mystery depending on if Bernanke burps or farts again
yep u r right!

anyway look like bulish day for pound and defenitly good score on news
when GOD brings you a challenge he also gives you the power to deal with it
  • #343,944
  • Jul 17, 2013 5:09am Jul 17, 2013 5:09am
gu breaks up for 5304 breaking mode , others still to align it but no any great decision yet , the crush. anyway 1 more leg small for up before the mini ( correction down to up if ) to maxi crush waiting for days now .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,945
  • Jul 17, 2013 5:23am Jul 17, 2013 5:23am
Quoting bbmac
...... Range on 1hr/4hr broken to upside - will we see some support on pullback ?....
So, pre Uk data support at daily s1, an upside follow thru on Uk data react and a pullback from Daily R2 area to the top of the recent 1hr/4hr consolidation where it found support to begin another leg north ? a classic data react all in all...question now is will there be further upside follow thru ?

G/L
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ex member
  • #343,946
  • Jul 17, 2013 5:27am Jul 17, 2013 5:27am
No signal from audusd for correction just or from usdcad abandon the target or good correction yet , rather chance start up next or soon.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,947
  • Jul 17, 2013 5:28am Jul 17, 2013 5:28am
Adding more shorts as bernanke speech will most likely hit g/u hard.
  • #343,948
  • Jul 17, 2013 5:49am Jul 17, 2013 5:49am
im gonna give u guys a tip IMPT..u take note

look at the monthly setup on euro, look at the doji and where price is heading..cable is gonna follow the same setup just it is laggin

the doji represents indecision to go down....so an attempt north is on this month
  • #343,949
  • Jul 17, 2013 5:56am Jul 17, 2013 5:56am
Quoting nAVIN2007
im gonna give u guys a tip IMPT..u take note look at the monthly setup on euro, look at the doji and where price is heading..cable is gonna follow the same setup just it is laggin the doji represents indecision to go down....so an attempt north is on this month
G/U is testing north for sure,

since when?
-4 hours

when is bernanke speech?
-in 3 hours

before that?
-US building permits in 1,5 hours

1,52350-1,52400 level must be broken,
but bernanke speech is like powerful running a river, you can't stand against it and resist it =)

100 tick G/U
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  • #343,950
  • Jul 17, 2013 5:58am Jul 17, 2013 5:58am
Quoting openyoureyes
{quote} G/U is testing north for sure, since when? -4 hours when is bernanke speech? -in 3 hours before that? -US building permits in 1,5 hours 1,52350-1,52400 level must be broken, but bernanke speech is like powerful running a river, you can't stand against it and resist it =) 100 tick G/U {image}

the chart tell me everything ..u just need to be at one with it
when people sell in fear..find strength (always provides a great opportunity) i see 1.58
  • #343,951
  • Jul 17, 2013 6:04am Jul 17, 2013 6:04am
Quoting nAVIN2007
{quote} the chart tell me everything ..u just need to be at one with it when people sell in fear..find strength (always provides a great opportunity) i see 1.58
I just see general USD strength,
EUR/USD heading down,
Bernanke speech ahead,
this could be another touchdown for G/U.

EUR/GBP is another story,
and you can see EUR weakness right ahead.

here is the chart for EUR/GBP.

I wouldn't risk a dime right now on long before bernanke... (GBP/USD)
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  • #343,952
  • Jul 17, 2013 6:06am Jul 17, 2013 6:06am
Quoting nAVIN2007
{quote} the chart tell me everything ..u just need to be at one with it when people sell in fear..find strength (always provides a great opportunity) i see 1.58
same view here!
when GOD brings you a challenge he also gives you the power to deal with it
  • #343,953
  • Jul 17, 2013 6:10am Jul 17, 2013 6:10am
Quoting eitan1010
{quote} same view here!
usindex bearish for now!!
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when GOD brings you a challenge he also gives you the power to deal with it
  • #343,954
  • Jul 17, 2013 6:10am Jul 17, 2013 6:10am
1,52350-1,52400 should be broken first,
otherwise just watch the speed of sellers =)
  • #343,955
  • Jul 17, 2013 6:28am Jul 17, 2013 6:28am
Quoting openyoureyes
1,52350-1,52400 should be broken first, otherwise just watch the speed of sellers =)

only thing saving u is gold..otherwise gbp would fly
  • #343,956
  • Jul 17, 2013 6:36am Jul 17, 2013 6:36am
Quoting nAVIN2007
{quote} the chart tell me everything ..u just need to be at one with it when people sell in fear..find strength (always provides a great opportunity) i see 1.58

I had 1.56 as an initial target, I maintain that target and have moved my stop to b e at 150.6. Big Ben could wipe me out. I can live with that.
  • #343,957
  • Jul 17, 2013 6:37am Jul 17, 2013 6:37am
only thing that can save me is my SL,

100 tick GBP/USD
watching blank walls,
no immediate buyers at 1,52167
this could go anywhere...

(I'm heavily biased towards short, nice PA can be on the way)
SL 1,53400
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  • #343,958
  • Jul 17, 2013 6:38am Jul 17, 2013 6:38am
Quoting openyoureyes
1,52350-1,52400 should be broken first, otherwise just watch the speed of sellers =)
Yeah a couple of overly confident now non posting lads were selling this too. Haven't seen em for days. Good luck selling it. Well not too much good luck
  • #343,959
  • Jul 17, 2013 6:39am Jul 17, 2013 6:39am
Quoting openyoureyes
only thing that can save me is my SL, 100 tick GBP/USD watching blank walls, no immediate buyers at 1,52167 this could go anywhere... (I'm heavily biased towards short, nice PA can be on the way) SL 1,53400 {image}
That makes no sense at all you've earmarked 1.524 as a crucial break then set so 100 pips higher ?
  • #343,960
  • Jul 17, 2013 6:44am Jul 17, 2013 6:44am
true, this is a nice breakout setup...

but I'll hold my shorts just in case (bernanke in 2hr 15 min + building permits in 45 min)

edit: got my finger on long / if I see breakout I'll try to hedge =)
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