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Cable Update (GBPUSD)

  • #356,241
  • Dec 17, 2013 10:14am Dec 17, 2013 10:14am
anybody heard Carney?
  • #356,242
  • Dec 17, 2013 10:17am Dec 17, 2013 10:17am
Quoting acidguy
what does the japanese know that we dont, look like this big action is made in "japan". ""yen pairs go wild...

year end from 2014 tax will 20% so they book money now
  • #356,243
  • Dec 17, 2013 10:22am Dec 17, 2013 10:22am
  •  ysab
  • | Joined May 2013 | Status: Love the Prophet of mercy | 33 Posts
Quoting TauTrader
No - this is all bear trap. I know we are close to turning down - but this is a fakey. Regards
I think the bear trap and fake bear was Nov, 8th until 13th and this is real bearish movement.
  • #356,244
  • Dec 17, 2013 10:37am Dec 17, 2013 10:37am
Quoting ud1nh0
{quote} david sayli detected
Yeah, I was going to say, this looks exactly like someone elses posts.
  • #356,245
  • Dec 17, 2013 10:39am Dec 17, 2013 10:39am
Quoting Baggi
{quote} Yeah, I was going to say, this looks exactly like someone elses posts.

but i don't think he deserve ban. coz he is just starting new life
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,246
  • Dec 17, 2013 10:46am Dec 17, 2013 10:46am
Quoting ud1nh0
{quote} but i don't think he deserve ban. coz he is just starting new life
I don't know the policies here really. If he has multiple accounts posting the same things, then he probably does deserve a ban.

If his other account was banned for some reason and this new account doesn't change any of the reasons he was banned, then he deserves it.

If he just decided to switch names or something, then I agree with you.
  • #356,247
  • Dec 17, 2013 10:48am Dec 17, 2013 10:48am
So, very interesting developments in Cable for longer term outlook.

1) Last month, looking at the chart, we spent some time moving sideways. Right now we are trading at the top of that sideways movement.
2) QE ending for Cable.
3) What about QE in the USofA?

If QE doesn't end in December as many expect, and QE does end for Cable, it seems obvious that Cable would go up strong.

On the other hand, in my short time in forex, I've learned the obvious thing isn't always the thing that happens.
  • #356,248
  • Dec 17, 2013 10:52am Dec 17, 2013 10:52am
Quoting Baggi
So, very interesting developments in Cable for longer term outlook. 1) Last month, looking at the chart, we spent some time moving sideways. Right now we are trading at the top of that sideways movement. 2) QE ending for Cable. 3) What about QE in the USofA? If QE doesn't end in December as many expect, and QE does end for Cable, it seems obvious that Cable would go up strong. On the other hand, in my short time in forex, I've learned the obvious thing isn't always the thing that happens.
Sir, we cannot vouch anymore. So - should I give you a subscription?

I think 1.6330

But we are in process of turning down - I believe this

Regards
  • #356,249
  • Dec 17, 2013 11:52am Dec 17, 2013 11:52am
In formation. could it be?

GU 15

Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 19 KB
  • #356,250
  • Dec 17, 2013 12:15pm Dec 17, 2013 12:15pm
Quoting JimmyC
In formation. could it be? GU 15 {image}

That could be a nice move.....however i think the price is going nowhere since almost a week..which means FED will be the bloody bath for all prices wowww!!..
The difference between gambling and speculating is risk management
  • #356,251
  • Dec 17, 2013 12:18pm Dec 17, 2013 12:18pm
Quoting JimmyC
In formation. could it be? GU 15 {image}

I use both charting and fundamentals/news.

I think charts can be disregarded for this week. Until we find out what's going to happen with QE, anyway.
  • #356,252
  • Dec 17, 2013 12:19pm Dec 17, 2013 12:19pm
Quoting JimmyC
In formation. could it be? GU 15 {image}
Nope, going North
  • #356,253
  • Dec 17, 2013 12:52pm Dec 17, 2013 12:52pm
Quoting JimmyC
{quote} Nope, going North
Yep. I was a bit late to the party but I got in long at 1.6245.
Took half off at 1.6275 and leaving the rest at zero risk (SL@BE).

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 30 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #356,254
  • Dec 17, 2013 12:54pm Dec 17, 2013 12:54pm
Quoting PipTrapper
{quote} Yep. I was a bit late to the party but I got in long at 1.6245. Took half off at 1.6275 and leaving the rest at zero risk (SL@BE).
Same here. I got in at 1.62497. I had a stop loss set last night at 1.6297 and was stopped out for about 20 pips while I slept.

Good thing I put in that stop loss.
  • #356,255
  • Dec 17, 2013 1:00pm Dec 17, 2013 1:00pm
on one hr chart its look like more down and little corection
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 249 KB


on 4 hr chart we need that it will break the 1.613x area for confirmation big down move below 1.6000 area
Attached Image (click to enlarge)
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but thats my 2 cents

GL ALL
when GOD brings you a challenge he also gives you the power to deal with it
  • #356,256
  • Dec 17, 2013 1:00pm Dec 17, 2013 1:00pm
Quoting Baggi
So, very interesting developments in Cable for longer term outlook. 1) Last month, looking at the chart, we spent some time moving sideways. Right now we are trading at the top of that sideways movement. 2) QE ending for Cable. 3) What about QE in the USofA? If QE doesn't end in December as many expect, and QE does end for Cable, it seems obvious that Cable would go up strong. On the other hand, in my short time in forex, I've learned the obvious thing isn't always the thing that happens.
And we have broken out of the multi year TL containment.
We may push down again into 1.62 but looking for reasons to go long.
Come with me if you want to live....
  • #356,257
  • Dec 17, 2013 1:02pm Dec 17, 2013 1:02pm
Quoting Ill-b-back
{quote} And we have broken out of the multi year TL containment. We may push down again into 1.62 but looking for reasons to go long.
which line is that buddy?
  • #356,258
  • Dec 17, 2013 1:05pm Dec 17, 2013 1:05pm
Quoting nAVIN2007
{quote} which line is that buddy?
From Top of June 2009 all the way down on weekly and monthly.
it was published endlessly in here at beginning of the year now everyone seems to have forgotten about it.
weird...
Come with me if you want to live....
  • #356,259
  • Dec 17, 2013 1:18pm Dec 17, 2013 1:18pm
Quoting Ill-b-back
{quote} From Top of June 2009 all the way down on weekly and monthly. it was published endlessly in here at beginning of the year now everyone seems to have forgotten about it. weird...
if u have an opportunity can u post it..i cant see which one u mean
thanks
  • #356,260
  • Dec 17, 2013 1:20pm Dec 17, 2013 1:20pm
Quoting Ill-b-back
{quote} From Top of June 2009 all the way down on weekly and monthly. it was published endlessly in here at beginning of the year now everyone seems to have forgotten about it. weird...
That all depends how the trend line is drawn. From my perspective, it hasn't even been tested as resistance yet.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 86 KB
Those who say it cannot be done should not interrupt those who are doing it
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