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Cable Update (GBPUSD)

  • #349,681
  • Oct 22, 2013 4:59am Oct 22, 2013 4:59am
Quoting Dream_trader
My TP target is 1.6100 for my 1.6210 short. I think that there is no matter how good or bad will be news.
You mean the brokers will try to hunt SLs below 1.61 right before NFP?
  • #349,682
  • Oct 22, 2013 5:04am Oct 22, 2013 5:04am
No, that is strong fibonacci exit level.
  • #349,683
  • Oct 22, 2013 5:27am Oct 22, 2013 5:27am
Today's S/R Levels on MT4 Templates

CABLE
EURUSD
AUDUSD
EURJPY
S&P 500
GOLD

http://www.forexfactory.com/showthre...05#post7040405
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #349,684
  • Oct 22, 2013 5:30am Oct 22, 2013 5:30am
If not take any crazy analysis there remain huge upside pressure for bull target 6381+, even towards 7042 ++ & no doing any action for them now ,rather safest short scalping within all up & downs. lets see any hint in today's post nfp movements . very acre full all though .
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,685
  • Oct 22, 2013 5:34am Oct 22, 2013 5:34am
Edit button not active I see so , fresh monthly chart here , previous one was old.
sorry ,
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,686
  • Oct 22, 2013 5:47am Oct 22, 2013 5:47am
Quoting fontu
If not take any crazy analysis there remain huge upside pressure for bull target 6381+, even towards 7042 ++ & no doing any action for them now ,rather safest short scalping within all up & downs. lets see any hint in today's post nfp movements . very acre full all though . fontu {image} {image} {image} {image}
Too many lines on your chart. Can you summarize why you see a huge upside pressure?

I see a huge downsize pressure - fundamentals for the pound are dire and weekly and monthly are in a clear downtrend.
  • #349,687
  • Oct 22, 2013 5:51am Oct 22, 2013 5:51am
Quoting Dream_trader
My TP target is 1.6100 for my 1.6210 short. I think that there is no matter how good or bad will be news.
Sell order at 1.6100 is only with 1 unit - for sound signal. Then I will change TP and SL manualy, trying to take more as possible.
Attached Image (click to enlarge)
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  • #349,688
  • Oct 22, 2013 5:53am Oct 22, 2013 5:53am
Quoting nAVIN2007
{quote} dont worry about that target ..anything below 1.6..far to many are short..i wish most were long
I do agree with you mate
I am expecting to see a range of complicated job data today which might be amazing but EU and GU are quite strong now :nerd:
  • #349,689
  • Oct 22, 2013 6:07am Oct 22, 2013 6:07am
Quoting Maso
{quote} I do agree with you mate I am expecting to see a range of complicated job data today which might be amazing but EU and GU are quite strong now :nerd:

i really wish u didnt..that makes me think im completely wrong far to many expect a fall..i try to not be with the crowd is the bottom line but this time seems its different

nothing to do with u thou..hope u understand what im trying to say
perhaps u feel the same way?
  • #349,690
  • Oct 22, 2013 6:32am Oct 22, 2013 6:32am
Quoting nAVIN2007
{quote} i really wish u didnt..that makes me think im completely wrong far to many expect a fall..i try to not be with the crowd is the bottom line but this time seems its different nothing to do with u thou..hope u understand what im trying to say perhaps u feel the same way?
I am not bearish on EU GU now but I may load short a bit later just for scalping. I personally have found that USD will become strong madly but not now; perhaps in the next month. It will kill all...
  • #349,691
  • Oct 22, 2013 6:42am Oct 22, 2013 6:42am
Quoting Pumpndump
{quote} History says it's a fair bet does it not? I just don't think we are going that high, though only a poor gambling man could rule it out. I see a sweat on now and people turning long biased, that gives me the normal uncomfortable feeling, which makes me feel better about the drop. Can't have everyone on the winning team can we? I still see 1.57 ish then I will worry about where I go next. Something that worries me - I don't normally post any analysis in depth for free. Something that worries me with this pair -[u][b] is the rise in the pound...
I saw a show the other day on the Human Network Channel..............$ 3000 per month to rent an apartment in London.............!

This can't be good...........

Another housing bubble..........?
The More You Learn, The More You Earn.....
  • #349,692
  • Oct 22, 2013 6:43am Oct 22, 2013 6:43am
D is fighting against W now. We don't know which will win. Let see.
Face both Win and Lose bravely
  • #349,693
  • Oct 22, 2013 6:51am Oct 22, 2013 6:51am
Quoting TauTrader
Howzit! Taking a long scalp from these levels. Longer term shorts still in. Risking 20 or so. Regards {image}
Good day,

Looking to turn each one into a free short higher up.

Regards
Attached Image (click to enlarge)
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  • #349,694
  • Oct 22, 2013 7:01am Oct 22, 2013 7:01am
Now will NFD ruin this nice developing set up.

Attached Image (click to enlarge)
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  • #349,695
  • Oct 22, 2013 7:04am Oct 22, 2013 7:04am
Quoting TauTrader
{quote} Good day, Looking to turn each one into a free short higher up. Regards {image}
well played
  • #349,696
  • Oct 22, 2013 7:10am Oct 22, 2013 7:10am
Quoting JimmyC
{quote} well played



Sir,

I'm a gambler - eish! That one..

But thank you. Lucky.

All success to you
  • #349,697
  • Oct 22, 2013 7:11am Oct 22, 2013 7:11am
Quoting TauTrader
{quote} Good day, Looking to turn each one into a free short higher up. Regards {image}
Hehe... You are great
  • #349,698
  • Oct 22, 2013 7:21am Oct 22, 2013 7:21am
Quoting forexalien
{quote} I saw a show the other day on the Human Network Channel..............$ 3000 per month to rent an apartment in London.............! This can't be good........... Another housing bubble..........?
$3000 only if you go outside of zone 1 (more central). Inside the zone 1 goes to $4000 for a one bed flat (just see ad below):

http://www.zoopla.co.uk/to-rent/deta...a14ef93034e35b
  • #349,699
  • Oct 22, 2013 7:23am Oct 22, 2013 7:23am
Good day to you,

Looking at "alternative" information - trying to put together a picture of where we are.

1) Broker I monitor is currently showing 23'312 retail positions short vs. 7'893 retail positions long. This has dropped in recent days. But retail shorts still 3:1.
2) I can see more retail shorts entering the market again in the last 2 hours.
3) An alternative crossing chart I developed using Williams% as well as rounded MA is long
4) We have large clusters of retail short stops sitting @ 1.6200 ( 1'743 stops), 1.6210 (1'165 stops), 1.6240 (1'518 stops). The only cluster of long stops of significance is sitting @ 1.6000 ( 1'316 positions)

So - taking all of the above into account, probability is high that we are not done up here.

Off course - I do not know where we are going - but long here is not a guessed position - there is merit.

Regards
  • #349,700
  • Oct 22, 2013 7:26am Oct 22, 2013 7:26am
price has only covered 30% of 20 day atr so far today....But here comes U.s NFP - may shake it up a bit........

T-3min (ish)

G/L
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