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Cable Update (GBPUSD)

  • #350,441
  • Oct 24, 2013 11:15pm Oct 24, 2013 11:15pm
Quoting KillerWhale
{quote} I guess we need more patience. I won't buy at these levels, only when 1.6260 breaks, I'll buy for 1.6380.

It may break soon the way this thing is heading up.
  • #350,442
  • Oct 24, 2013 11:26pm Oct 24, 2013 11:26pm
Quoting Baggi
{quote} It may break soon the way this thing is heading up.
I'm starting to think ...................... I'm afraid that could happen
New voice message: Why are you calling me? If I need you, I'll call you!
  • #350,443
  • Oct 24, 2013 11:52pm Oct 24, 2013 11:52pm
Quoting KillerWhale
{quote} I guess we need more patience. I won't buy at these levels, only when 1.6260 breaks, I'll buy for 1.6380.
u see the purple line coming from 2 tops
and yellow line at 6304 ,,, this point when price touch it ,,it reverse about 1000 pips
happens several times,,
those lines at exact point now , 6304 perfect point to short after 3 hours
from where , you see 6380
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-w1-mig-bank.png Size: 44 KB
  • #350,444
  • Oct 25, 2013 12:03am Oct 25, 2013 12:03am
And if the news is good? Why would it reverse?
  • #350,445
  • Oct 25, 2013 12:10am Oct 25, 2013 12:10am
Quoting KillerWhale
{quote} I guess we need more patience. I won't buy at these levels, only when 1.6260 breaks, I'll buy for 1.6380.
it's to high to buy at that price I think ,,,
right now trend is up ,,,
and will be up I think ,,,
cause USD weekly in this week ,,,

but, I just wait for the higher ,,,
I love selling
  • #350,446
  • Oct 25, 2013 12:12am Oct 25, 2013 12:12am
Quoting Baggi
And if the news is good? Why would it reverse?
i'm sure the news is good
but we need reverse after climbing 1500 pips , we need to take breath
  • #350,447
  • Oct 25, 2013 12:36am Oct 25, 2013 12:36am
I need to head to bed soon, just need to figure out where to place my stops before I hit the hay.
  • #350,448
  • Oct 25, 2013 12:37am Oct 25, 2013 12:37am
Placed sell limit 0.10 lots @ 1.6227. Now praying for god to see a miracle - good GDP data, GU glimbs 80 pips and turns its way back.
  • #350,449
  • Oct 25, 2013 12:39am Oct 25, 2013 12:39am
I'm looking at 16,600 for this pair as the high this year before she breaks, which is the monthly 200 ema/sma which are converged right now. This is where I think traders want to take it up to despite any news.
  • #350,450
  • Oct 25, 2013 12:47am Oct 25, 2013 12:47am
Quoting julia2011
{quote} i'm sure the news is good but we need reverse after climbing 1500 pips , we need to take breath

Even if the news is good, GBP should reverse after a temp ralley. All these buying for 1000 pips needs to be liquidated. There is no profit for holding position, it has to be off loaded so that big boys can start buying the at the lower level again. Isn't that how it happens every year? 1.50-1.60 range (few hundred pips spike above or below these level?
  • #350,451
  • Oct 25, 2013 12:53am Oct 25, 2013 12:53am
Quoting Cowboy11
Only about 1 week+ away, all currencies will have new high agaist U. Just accumulate and wait for the time to come.
hahaha............ hahaha.............
The train will be moving soon. Pls hood firm........
Face both Win and Lose bravely
  • #350,452
  • Oct 25, 2013 12:55am Oct 25, 2013 12:55am
Good Morning!
Today's S/R levels on MT4 templates

EURO
CABLE
AUDUSD
EURJPY


http://www.forexfactory.com/showthre...30#post7049530
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #350,453
  • Oct 25, 2013 12:57am Oct 25, 2013 12:57am
Still can't figure out why the big jump, the gap during market open...
Last time it was Carney blubbering on Newspaper or spinning.The guy was 13yrs at Goldman Sachs

Beginning to feels sorry for Bears including me....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.m5.png Size: 28 KB
In trading, you have to be defensive and aggressive at the same time
  • #350,454
  • Oct 25, 2013 1:00am Oct 25, 2013 1:00am
I don't have a gap on my charts. Why do you have a gap?
  • #350,455
  • Oct 25, 2013 1:03am Oct 25, 2013 1:03am
Quoting Baggi
I don't have a gap on my charts. Why do you have a gap?

Don't know.MBtrading is ECN so I assumed everyone else has it as well.
In trading, you have to be defensive and aggressive at the same time
  • #350,456
  • Oct 25, 2013 1:22am Oct 25, 2013 1:22am
Quoting Davit
{quote} Don't know.MBtrading is ECN so I assumed everyone else has it as well.
Hi Davit,

I note the spike on DXY & correlation with other majors...

Fx News Reuters (I cannot quote so will just give the main points)
The dollar is near a two year low on expectations the US Fed will continue stimulus well into 2014... The dollar will not rally till taper talks start again...

This news is about 3 hours old... released during Asia (Asian stocks have fallen quite hard re CNY money concerns are dragging the market there)

Have a gr8 day!
  • #350,457
  • Oct 25, 2013 1:31am Oct 25, 2013 1:31am
Here are the last two times we had this same news for GBP

The first one was the response when the numbers met expectations.

Attached Image (click to enlarge)
Click to Enlarge Name: July25.JPG Size: 79 KB


This second one is when the numbers exceeded expectations.

Attached Image (click to enlarge)
Click to Enlarge Name: April25.JPG Size: 80 KB
  • #350,458
  • Oct 25, 2013 1:32am Oct 25, 2013 1:32am
Quoting Davit
massive 40pips spike.I have no idea why.Must be another Carney press interview....
Hint...

http://www.telegraph.co.uk/finance/b...f-England.html
Always looking the GREAT, never left GOOD Point...
  • #350,459
  • Oct 25, 2013 1:36am Oct 25, 2013 1:36am
COMRADES - Just jumped out of my short on this rebound at 1.621 - I'm not in the business of gambling and for the next two hours this will be pure gambling on the GDP results. Once the numbers are out I continue the play. I don't care if this thing drops to 1.59 before the GDP results I'm not doing anything.
  • #350,460
  • Oct 25, 2013 1:40am Oct 25, 2013 1:40am
Quoting negrada
COMRADES - Just jumped out of my short on this rebound at 1.621 - I'm not in the business of gambling and for the next two hours this will be pure gambling on the GDP results. Once the numbers are out I continue the play. I don't care if this thing drops to 1.59 before the GDP results I'm not doing anything.
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