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Cable Update (GBPUSD)

  • #344,541
  • Aug 1, 2013 6:23am Aug 1, 2013 6:23am
deal........ that's why i make lot of contingency plan huh .....( weekly breakdown. lets wait how weekly closing tomorrow )

first plan..gonna see reaction around 5275 ish up to 5350 ish . second plan ... will see later
Quoting nAVIN2007
{quote} i dont think it will take that long bro..it all depend on gbp strength..i looking for a break {image}
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not euphoria follower
  • #344,542
  • Aug 1, 2013 7:22am Aug 1, 2013 7:22am
Quoting jhaydee
guys question.. im new in forex and currency trading.. my experience on trading is just couple of weeks.. how come like few minutes before the release time of official bank it went down then on that exact time they release official bank it when green really fast??
The PMI expected from analyst was 52.8 and actual was 54.something. .. and last month's PMI was also revised upward.. it shows 'fundamentally' that UK factories did well in last month.. so people bought GBP. Bank rate was also kept steady, showing confidence .. so thats why big green..

As for going down before news, its mainly because many people want to exit there positions before any news events and close there positions right before any major news release, so you see volatility and frantic trading (as if they just woke up and remembered to close their positions now).
  • #344,543
  • Aug 1, 2013 11:08am Aug 1, 2013 11:08am
Looking good
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When the facts change I change my mind, what do you do sir
  • #344,544
  • Aug 1, 2013 11:38am Aug 1, 2013 11:38am
cable ready to move mid 1.50s if pa continues under 1.5180
  • #344,545
  • Aug 1, 2013 3:57pm Aug 1, 2013 3:57pm
hold my hand and walk down the stairs.

Ladies high heeled stiletto on hourly.

Bias is towards a sell.
  • #344,546
  • Aug 1, 2013 4:43pm Aug 1, 2013 4:43pm
Quoting flintovski
Scaling into shorts from here. Expecting wave up to flush out weak shorts (156.00 head and shoulders even possible) but the charts read down medium term. Next major down wave should be 3 of 3 of 5. Not one to miss.

Adding to my short here. Targeting new lows below 148 by 7th Aug. Stop lowered to 152.50. We'll see.
  • #344,547
  • Aug 1, 2013 7:39pm Aug 1, 2013 7:39pm
Quoting flintovski
{quote} Adding to my short here. Targeting new lows below 148 by 7th Aug. Stop lowered to 152.50. We'll see.
By Aug 7th? That is a little aggressive is it not? I would think out towards the end of August sometime, ratcheting downwards...stair-step fashion.
It's the simple things in life that have the most powerful meaning.
  • #344,548
  • Aug 1, 2013 7:43pm Aug 1, 2013 7:43pm
Hey guys, anyone heard anything about Albchr or know him in the real world?

Havent seen him in a while and it is not like him to have zero activity for almost a month?
Money never sleeps...
  • #344,549
  • Aug 2, 2013 3:10am Aug 2, 2013 3:10am
G/M,

Thread seems even quieter than normal these days !?

Big bearish candle on the daily yesterday with longer upper than lower wick and a close just below the 50% of recent 4811-5434 swing. Daily has now seen a L below the last Hl of it's recent upswing.

5101 the low so far today, @/around Weekly S3 and @ 85.4% 5044-5434...and the psychological ' round number ' there too - 5100....a bounce from there and on a retest of the 1hr previous swing lo created by it - another couple of bounces up.

Uk data in 20mins or so - will it surprise to the upside like yesterday's manuf pmi ? - it is the least important of the 3 pmi surveys but can still cause movement on occasions.

1st upside obstacle is the previous swing lo's on 4hr ?

G/L
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ex member
  • #344,550
  • Aug 2, 2013 3:22am Aug 2, 2013 3:22am
Hello

Have trades in GBP/US

short 1.513 1.505 TP

Long 1.513 TP 152

See what happens

Expecting a some good bounces of the lower levels:nerd:
  • #344,551
  • Aug 2, 2013 3:23am Aug 2, 2013 3:23am
GBP news coming out soon be careful.
  • #344,552
  • Aug 2, 2013 3:28am Aug 2, 2013 3:28am
Long 5150 TP 5650 SL 5100.

Uptrend didnt finished yet. Just dont get why some of you is trying to go against the global trend?

RISK/REWART 1:10 is that bad?
  • #344,553
  • Edited 4:01am Aug 2, 2013 3:52am | Edited 4:01am
Trder88q: depends on what t/f's people operate...the 'global trend' and by that I take it you mean the longer term trend - doesn't matter if you are on a sub 1hr t/f for example - what matters is trends on t/f's nearest to that you are taking entries from...take the move down from 5434- current daily lo 5101 for eg - plenty of shorting hi - probability opps in there against your so called 'global trend' I also wonder where you get this global trend as daily has printed a L below last HL so potentially showing signs of weakness...weekly is ranging as is monthly.
----------------------------------------------------------------------

Knee-jerk £ strength on much better than expected Uk construction pmi data...same reaction pattern as yesterday ? - a rise then pullback (or will it be more?)

Further upside near-term potential obstacles on 1hr pic below ...loads of fibs of the major 1hr/4hr swings down from and including 5434

U.s NFP etc to come later.

G/L
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ex member
  • #344,554
  • Aug 2, 2013 4:06am Aug 2, 2013 4:06am
Quoting Trader88q
Long 5150 TP 5650 SL 5100. Uptrend didnt finished yet. Just dont get why some of you is trying to go against the global trend? RISK/REWART 1:10 is that bad?
It's not a bad R/R

if it works out.

I'm short 5164 targetiing 5062
Come with me if you want to live....
  • #344,555
  • Aug 2, 2013 4:16am Aug 2, 2013 4:16am
Quoting Ill-b-back
{quote} It's not a bad R/R if it works out. I'm short 5164 targetiing 5062
Hi mate, now you switch from long to shorts.....good luck...,
We will have important news......
  • #344,556
  • Aug 2, 2013 4:22am Aug 2, 2013 4:22am
not sure also... but where we will close the week ???

she just stay above monthly and daily pivot

tic toc on 517x ( old data )
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not euphoria follower
  • #344,557
  • Aug 2, 2013 4:22am Aug 2, 2013 4:22am
Quoting Red Alert
{quote} Hi mate, now you switch from long to shorts.....good luck..., We will have important news......
I'm still holding my longs (now only 2), I closed one out as I realised if we break 4812 low I might get a margin call.

But I have been taking shorts since Wednesday I think it was and I think we are going to 5050 (61.8 fib) - 5030 area support.

US jobs numbers should be good to get us down there.

But next week I'll be looking to make good on my longs off this support.

All the best brother
Come with me if you want to live....
  • #344,558
  • Aug 2, 2013 6:01am Aug 2, 2013 6:01am
Quoting Ill-b-back
{quote} I'm still holding my longs (now only 2), I closed one out as I realised if we break 4812 low I might get a margin call. But I have been taking shorts since Wednesday I think it was and I think we are going to 5050 (61.8 fib) - 5030 area support. US jobs numbers should be good to get us down there. But next week I'll be looking to make good on my longs off this support. All the best brother
agree with you, 1.5030 - 1.5060 is strong support for bullish, the brother,the price still hold under 1.517x 1.518x area as strong resistance so far, ..... i already clear all my position....we will see ,
  • #344,559
  • Aug 2, 2013 6:04am Aug 2, 2013 6:04am
Quoting Ill-b-back
{quote} I'm still holding my longs (now only 2), I closed one out as I realised if we break 4812 low I might get a margin call. But I have been taking shorts since Wednesday I think it was and I think we are going to 5050 (61.8 fib) - 5030 area support. US jobs numbers should be good to get us down there. But next week I'll be looking to make good on my longs off this support. All the best brother

margin call is not good..this friggin thing with USD is crazy!! when i was bullish on it..the damn thing always was weak..now i did the opposite the mofo is on steroids

and we all know taking steroid, :- makes the balls shrink..
hang tight amigo..we coming
  • #344,560
  • Aug 2, 2013 6:18am Aug 2, 2013 6:18am
Quoting nAVIN2007
{quote} margin call is not good..this friggin thing with USD is crazy!! when i was bullish on it..the damn thing always was weak..now i did the opposite the mofo is on steroids and we all know taking steroid, :- makes the balls shrink.. hang tight amigo..we coming
8x

Are you serious Nav??.......... at least your idea to short at 1.541x area last week was good , but now i am wonder actually you made long when you say short at that time.......doing the opposite may be not good for you....
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