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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting fxmasterdxb
{quote} this bastard pair has driven me crazy today, i shorted 97.07 with SL at 97.45, it kept going in ackward move as USD was sold across the board, however UJ was countuing the move up lol, i have no idea who was selling yen so heavily! seriosuly all yen pairs were flying lol anyway i closed the position and decided to stay away for the yen pairs for a little while
hahaha the moment i closed the position it started to move down, as if it was waiting for me to get rid of my position lol

anyway, i expect a daily close below 96.85 BUT I WILL NOT TRADE IT TODAY lol
Quoting nAVIN2007
{quote} I think and my perspective on trading is generally do the opposite to what appears to happen short term..i look at the big picture and try and play the extreme..if today i see a doji on dailly..it will be great thing for me..indecision on yesterday will give the bear a reason to try I am probably wrong but the market is going to have to prove it to me because i aint budging..lol i hope this is a right shoulder forming on daily..breaking (looking for) neckline leading to 1.57 eventually
It will , but it can take a few days
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting edindzeko
{quote} Ok I got back in short. 6115 getting beat down. cant resist this trade right now. 6100 did provide support but I think that will give way and look for 6068 at least
last 15 mins candle is pretty nice bearish signal, seems you will be reaching minimum 1.6100
looks ready to fall from here
Quoting KillerWhale
{quote} It will , but it can take a few days
lets hope so
I will add short now on retest of 1610
It's going down !!!!!!!
Quoting 6killer2000
It's going down !!!!!!!

Yes we are now seeing pause at yesterdays area of conflict. lets see who wins this zone, could pull back up to 1610 before continuing down
Quoting edindzeko
{quote} Yes we are now seeing pause at yesterdays area of conflict. lets see who wins this zone, could pull back up to 1610 before continuing down
You can trade a 10 pip approach to support from now to 1.606 scalp away
Quoting nAVIN2007
{quote} lets hope so
What's your target?
New voice message: Why are you calling me? If I need you, I'll call you!
GU Daily

Trade Idea H&S Reversal
Market Idea ... as per chart
RR1:1,58 (calculate your risk accordingly)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 20 KB


Beware that a reversal north at 50% of the right shoulder is not an uncommon technical sign of failure, due to the formation of a rising wedge,

Event risks
ASSET PURCHASE FACILITY
OFFICIAL BANK RATE
MPC RATE STATEMENT
MANUFACTORING PRODUCTION M/M
(Thanks Purple)

The time horizon may be a few days to insert and execute
G/L
possible inverted H&S on swissy in 4h.. i think fiber will trend down for short-term (perhaps in 1-2 weeks) which will bring cable down too.. will see what will happen as we touch 57xx area.. but first let's see if cable can manage to break down 6000 sustainably.
This pair is becoming more range bound, good way to eat up profits
All posts are my personal opinion
Same advice, it just ding-dong-ding-dong. For those who set SL will just wiped off again and again. Stay away from this pair for the time being.
Face both Win and Lose bravely
Quoting Cowboy11
Same advice, it just ding-dong-ding-dong. For those who set SL will just wiped off again and again. Stay away from this pair for the time being.
Charts dont lie, price is stuck in the middle of todays high and low, higher timeframe charts starting to take on that too.
All posts are my personal opinion
Quoting Cowboy11
Same advice, it just ding-dong-ding-dong. For those who set SL will just wiped off again and again. Stay away from this pair for the time being.
well if you look in 4h, perhaps a PO at 6100 might be worth it..
Quoting JimmyC
{quote} You can trade a 10 pip approach to support from now to 1.606 scalp away
I'm out of my short. good enough for me right now, had a good day so i might wrap up early
Quoting edindzeko
{quote} I'm out of my short. good enough for me right now, had a good day so i might wrap up early
Good idea the R/R on those trades is never good.

well done and have a good rest
Quoting Cowboy11
Same advice, it just ding-dong-ding-dong. For those who set SL will just wiped off again and again. Stay away from this pair for the time being.
Not at all, you've just got to see where support and resistance comes in, watch how the candles behave and go for it. This hour chart shows that this morning's sharp down spike was held at the 76.4% fib level, to then rally strongly up to the first obvious resistance level on the hourly chart, which was a R1, MA200E/100S, which together formed a very powerful resistance area off of which traders would have cashed in their profits thereby sending cable down again to the main daily pivot level. At the moment I'm looking for a bearish day tomorrow, so see how the charts look in the morning.

http://uk.f288.mail.yahoo.com/ya/dow...d=YahooMailNeo
Quoting Rtm
This pair is becoming more range bound, good way to eat up profits
Oh? Have a look at the daily or weekly charts, this pair never ranges
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