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Cable Update (GBPUSD)

  • #360,221
  • Jan 23, 2014 8:05am Jan 23, 2014 8:05am
non-event, one chance left...
fortis fortuna adiuvat
  • #360,222
  • Jan 23, 2014 8:07am Jan 23, 2014 8:07am
Quoting elbert3
{quote} if it is a flag i get the outcome to 6675 any idea ?
note the quote over 1 hour ago is this were we are going???
  • #360,223
  • Jan 23, 2014 8:08am Jan 23, 2014 8:08am
Took a 12 pip loss there but really this fall was very unexpected
  • #360,224
  • Jan 23, 2014 8:10am Jan 23, 2014 8:10am
Will the existing home sales have a large impact, or will it be ignored like the unemployment rate?
  • #360,225
  • Jan 23, 2014 8:12am Jan 23, 2014 8:12am
took profit sold 16613 short 1.6604 target 16584
  • #360,226
  • Jan 23, 2014 8:15am Jan 23, 2014 8:15am
Quoting Griffo
Will the existing home sales have a large impact, or will it be ignored like the unemployment rate?
bad data wont be ignored if the market needs one to move. at this moment the market does not need good us data
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,227
  • Jan 23, 2014 8:16am Jan 23, 2014 8:16am
Looking to go long on a break of the highs. Should this occur, we could get a nice run of about 60 pips at this major resistance.
All posts are my personal opinion
  • #360,228
  • Jan 23, 2014 8:16am Jan 23, 2014 8:16am
Quoting Tsar
Found Piercing Line Signal in H4 Chart. Price 1.6615 is Critical Point. If Broken... She will go to 1.6638 EURO continues go Upward
H4 Chart - Update


RED Report for US News - Flash Manufacturing PMI & HPI m/m

Market's will wait US Existing Home Sales News ; High Impact News



Take Care & Trade Well
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4 Black - Update.jpg Size: 962 KB
Always looking the GREAT, never left GOOD Point...
  • #360,229
  • Jan 23, 2014 8:20am Jan 23, 2014 8:20am
Quoting GlobalMacro
{quote} {quote} {quote} OK. Offered. Deal Done. Cable now 1.6597 = T/P limit filled @ 1.6590 Long position from 1.6349 closed & Profits booked for +241 pips . My Position Is All F L A T now. GBP/USD - H8 {image}
Nice. Didn't leave some on the table?
  • #360,230
  • Jan 23, 2014 8:22am Jan 23, 2014 8:22am
Nice to make 86+ pip only to give 48 pips back. I swear if I stick to just 2 hrs trading I think Ill do extremely well. Later guys before the market takes the rest
  • #360,231
  • Jan 23, 2014 8:25am Jan 23, 2014 8:25am
Quoting ffleo
{quote} bad data wont be ignored if the market needs one to move. at this moment the market does not need good us data
So you still think good US data will not make this pair move down?
  • #360,232
  • Jan 23, 2014 8:31am Jan 23, 2014 8:31am
I guess if there will be a further push upward will be with US Home sales data coming in 30minutes.
Price should try to get middle 1.66area (1.6640-60).

Let's see
90% of traders use TA, indicators and prediction
  • #360,233
  • Jan 23, 2014 8:34am Jan 23, 2014 8:34am
Quoting Griffo
{quote} So you still think good US data will not make this pair move down?
i don't think it's a matter on how news come out. seems to me market is trying to breake a resistance. then after that eventually can retrace a bit.
in few words, i expect a spike to the upside no matter what, then if something will be disappointing, market will come back down.

just my personal view, of course
90% of traders use TA, indicators and prediction
  • #360,234
  • Jan 23, 2014 8:39am Jan 23, 2014 8:39am
Quoting Ken A
{quote} Nice. Didn't leave some on the table?
Thanks Man.... yeah took off everything....no break through instead she stalled...

Waiting now.....
Hear the music before the song is over ...
  • #360,235
  • Jan 23, 2014 8:43am Jan 23, 2014 8:43am
1 Minute chart seems good to get some quick trades. Seems to be whenever it goes to or below the 200EMA it bounces off.
  • #360,236
  • Jan 23, 2014 8:43am Jan 23, 2014 8:43am
Quoting GlobalMacro
{quote} thanks man.... took off everything....no break through instead she stalled... Waiting now.....
E/U and G/U are moving in same direction looks like the markets are expecting less than expected US Home sales in Dec.
  • #360,237
  • Jan 23, 2014 8:43am Jan 23, 2014 8:43am
Quoting _BBKing_
{quote} i don't think it's a matter on how news come out. seems to me market is trying to breake a resistance. then after that eventually can retrace a bit. in few words, i expect a spike to the upside no matter what, then if something will be disappointing, market will come back down. just my personal view, of course
Brilliant! Hopefully some bad data then to make sure it's a push up!
  • #360,238
  • Jan 23, 2014 8:50am Jan 23, 2014 8:50am
Quoting Ken A
{quote} E/U and G/U are moving in same direction looks like the markets are expecting less than expected US Home sales in Dec.
You still holding gu longs?
Hear the music before the song is over ...
  • #360,239
  • Jan 23, 2014 8:53am Jan 23, 2014 8:53am
Quoting elbert3
{quote} note the quote over 1 hour ago is this were we are going???
Quote Now...
Always looking the GREAT, never left GOOD Point...
  • #360,240
  • Jan 23, 2014 8:54am Jan 23, 2014 8:54am
Quoting GlobalMacro
{quote} You still holding gu longs?
Other than scalping no.

Still keep GBP/CAD and GBP/CHF and partial longs GBP/AUD and EUR/AUD from earlier Asian session due to less than expected China PMI.

China PMI has triggered risk-off from earlier Asian session U/J, U/CHF, .... down
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