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Cable Update (GBPUSD)

  • #355,141
  • Dec 3, 2013 10:16am Dec 3, 2013 10:16am
Quoting littlecraig
Im deep in the shorts but I am a survivor I will not be beat by the cable

Of course not be beaten by GU. It is going down to 1.6450 and then to 1.67...
The Market pays you to be disciplined
  • #355,142
  • Dec 3, 2013 10:33am Dec 3, 2013 10:33am
GU H4

Still bullish above last week's high imo
Attached Image (click to enlarge)
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  • #355,143
  • Dec 3, 2013 11:11am Dec 3, 2013 11:11am
I am still my Cable Long

- USDYEN establish my 1st criteria sell
  • #355,144
  • Dec 3, 2013 11:41am Dec 3, 2013 11:41am
Sorry my friend looks like gbp is going short on the 15 min chart it broke through 10 day sma 2o day ema and 50 day ems the 200 is now at 1.63847 if ti breaks that its good night .
  • #355,145
  • Dec 3, 2013 11:47am Dec 3, 2013 11:47am
Someone desperately defending their option barrier @ 1.6450 - 1.6500 at any price.
1.6425 already knocked out.
Hear the music before the song is over ...
  • #355,146
  • Dec 3, 2013 12:54pm Dec 3, 2013 12:54pm
Quoting chazzle
GU H4 Still bullish above last week's high imo {image}
GU M15

Trying a long scalp there
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  • #355,147
  • Dec 3, 2013 1:05pm Dec 3, 2013 1:05pm
Quoting chazzle
{quote} GU M15 Trying a long scalp there {image}
took profit on that small pulse north - time of day a bit crap - don't want to give it a chance to go red
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  • #355,148
  • Dec 3, 2013 1:10pm Dec 3, 2013 1:10pm
Could do the 20 and 55 ema together with 10 day sma are about to cross and if it passes the 200 sma that will take us past the 6.8 fib for the day the next 15 min will tell i think this is on the 15 min chart
  • #355,149
  • Dec 3, 2013 1:16pm Dec 3, 2013 1:16pm
if your stop is below 1.63787 this si the 61.8 fib which is sitting right on the pivot for today good luck
  • #355,150
  • Dec 3, 2013 1:22pm Dec 3, 2013 1:22pm
Hello,
im new in forex. I go long.
Do you think its going back 1.648? or better should i close my order and go short?
sry for stupid quest. maybe.
i hate this pair
Time is your friend; impulse is your enemy.
  • #355,151
  • Dec 3, 2013 2:20pm Dec 3, 2013 2:20pm
I went short. As a Bingo trade. Only because of the uncharted waters were in.

+ a few pips, wondering if I should take the pips and run and not play this game of Bingo with Mother Market.
  • #355,152
  • Dec 3, 2013 2:29pm Dec 3, 2013 2:29pm
Hello Thread readers,

I see 81% of lots in the trade explorer are short...I guess those shorting yesterday's daily pinbar will be encouraged that no new high came about today despite strong Uk construction pmi that followed strong Uk manufacturing pmi on Monday. I'm guessing there will be a lot of stops above Monday's hi @ 6441 ?

Tomorrow we have the Uk Services Pmi...will that too beat the forecast and be strong ? - It's the big one as Uk economy is 80% + services. Then later - the U.s services pmi (or non manufacturing as they call it.)

A lot of the more vocal bears here are strangely silent - maybe just hiding in the woods...waiting...waiting...waiting...to be finally killed or to come out telling us how right they were - depending on what price does in forthcoming days/weeks ?

Best Wishes.
it's all gone a bit........
  • #355,153
  • Dec 3, 2013 2:41pm Dec 3, 2013 2:41pm
Quoting petetong
A lot of the more vocal bears here are strangely silent - maybe just hiding in the woods...waiting...waiting...waiting...
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #355,154
  • Dec 3, 2013 2:49pm Dec 3, 2013 2:49pm
Quoting petetong
Hello Thread readers, I see 81% of lots in the trade explorer are short...I guess those shorting yesterday's daily pinbar will be encouraged that no new high came about today despite strong Uk construction pmi that followed strong Uk manufacturing pmi on Monday. I'm guessing there will be a lot of stops above Monday's hi @ 6441 ? Tomorrow we have the Uk Services Pmi...will that too beat the forecast and be strong ? - It's the big one as Uk economy is 80% + services. Then later - the U.s services pmi (or non manufacturing as they call it.) A lot...
Hey Pete how much do the other PMI's effect the services PMI? Can we assume since we have good reading from two of the PMIs that we will have a good reading from the 3rd or am i incorrect?
  • #355,155
  • Dec 3, 2013 3:16pm Dec 3, 2013 3:16pm
Quoting iNSIELD
{quote} Hey Pete how much do the other PMI's effect the services PMI? Can we assume since we have good reading from two of the PMIs that we will have a good reading from the 3rd or am i incorrect?
I would say that if you're going to make assumptions in this business, especially when it comes to survey data, you're setting yourself up for disappointment.
Those who say it cannot be done should not interrupt those who are doing it
  • #355,156
  • Dec 3, 2013 3:24pm Dec 3, 2013 3:24pm
Quoting PipTrapper
{quote} I would say that if you're going to make assumptions in this business, especially when it comes to survey data, you're setting yourself up for disappointment.
fair enough pip
  • #355,157
  • Dec 3, 2013 4:05pm Dec 3, 2013 4:05pm
Bulls still have the edge until the new 4H swingpoint @ 1.6341 is broken to the downside. Failed to make a new high so looking a bit tired.
Attached Image (click to enlarge)
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  • #355,158
  • Dec 3, 2013 4:58pm Dec 3, 2013 4:58pm
Right now we appear to be at the bottom of the shorter term standard deviation channel.

Attached Image (click to enlarge)
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And right in the middle of the longer term standard deviation channel.
  • #355,159
  • Dec 3, 2013 6:34pm Dec 3, 2013 6:34pm
Quoting PipTrapper
{quote} {image}
while bulls are thinking about this pair
beers eating corn + drinking coke enjoying how fails making new highs, shorting + scalping got us busy, long term shorts already placed.
  • #355,160
  • Dec 3, 2013 6:37pm Dec 3, 2013 6:37pm
Quoting PipTrapper
{quote} {image}
well i have left trading this pair for some time as euro is much better.
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