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Cable Update (GBPUSD)

  • #363,201
  • Feb 13, 2014 3:24am Feb 13, 2014 3:24am
wow, looks like this is the nonstop service...
Look Sharp/Trade Tight
  • #363,202
  • Feb 13, 2014 3:28am Feb 13, 2014 3:28am
Resistance soon
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #363,203
  • Feb 13, 2014 3:38am Feb 13, 2014 3:38am
important area up here, everyone and there mother is watching I'm sure, who the hell are the new buyers up here after a 4 cent rally, new money, shorts covering, fast money looking for a scalp into the highs? I'm still looking for a short, but the more time we spend up here, the better the odds we go for the highs I guess..
Look Sharp/Trade Tight
  • #363,204
  • Feb 13, 2014 3:46am Feb 13, 2014 3:46am
Quoting el_duende
My outlook is bearish still. I have 16405 filled and pending order at 16445. Weekly chart I am planning to play the failed pin setup. 16450 area Daily chart Again 16450 is a key area. If you are into this sort of thing there are trendlines, S/R, moving averages, FIB all coming into play. Area is going to be interesting. Herd Sentiment From last week is there has been an increase in traders going into long positions on forex factory, oanda and fxcm. An increase in long positions I generally see that as a indication to think short. COT futures. Asset/money...
My 2 shorts stopped out at 1.6485 earlier this week. The 16450 area had no bearish reaction as I thought. The failed pin setup was invalid.

The Herd sentiment is now approx 80/20 short, a big shift going into short positions. In my view this is the greatest indicator there is, when the herd go short look for longs.

Current open long positions at 1.6539 and 1.6602
  • #363,205
  • Feb 13, 2014 3:52am Feb 13, 2014 3:52am
Quoting Halba
when the bubble bursts it could fall a long way.
Looks to me like the minted/printed USD bubble is bursting
Come with me if you want to live....
  • #363,206
  • Feb 13, 2014 3:53am Feb 13, 2014 3:53am
To find possible resistance, we went down to 1 M graphics, and expect the signal to sell. Always carefully now to enter counter-trend, but we trust we will wait us again to give a signal to buy and so will go in favor of the trend, to try again the resistance.
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  • #363,207
  • Feb 13, 2014 3:59am Feb 13, 2014 3:59am
Quoting eaglestar
Resistance soon {image}
Nice chart
Come with me if you want to live....
  • #363,208
  • Feb 13, 2014 4:05am Feb 13, 2014 4:05am
Quoting PayTheLimit
watching 6620 for a clue to short...
make it 6625 now..
Look Sharp/Trade Tight
  • #363,209
  • Feb 13, 2014 4:05am Feb 13, 2014 4:05am
Quoting alex82
I took Short here {image}
I am in, SL @ 16765, TP1 16500, TP2 16000. Good luck to all FF
  • #363,210
  • Feb 13, 2014 4:27am Feb 13, 2014 4:27am
damn, seriously what the hell is U.S doing to it's USD?
what do you think guys? is yellen cut up for this job?
  • #363,211
  • Feb 13, 2014 4:47am Feb 13, 2014 4:47am
omg, i am still trying to figure out of this is going to break trough or collapse. i am still going short once it hit 1.650
  • #363,212
  • Feb 13, 2014 4:52am Feb 13, 2014 4:52am
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  • #363,213
  • Feb 13, 2014 4:54am Feb 13, 2014 4:54am
Quoting shon9178
damn, seriously what the hell is U.S doing to it's USD? what do you think guys? is yellen cut up for this job?
it's bank manipulation of currencies. learn their game and then u make money.
took a small short 1.6648

EUR/GBP
Quoting Fx-gtg
buying for some pips to upside atm 0.8196
closed +20 pips
  • #363,214
  • Feb 13, 2014 4:58am Feb 13, 2014 4:58am
In at 1.6634. Short.

Closed EG short at .8189 with +152 pips, just before the bounce back (lucky me!). Now let's see if I can switch the party.
Be water, my friend
  • #363,215
  • Feb 13, 2014 5:15am Feb 13, 2014 5:15am
top of range , see sniff of bear will fall hard ,weekly 1.6500 is the number ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #363,216
  • Feb 13, 2014 5:18am Feb 13, 2014 5:18am
Quoting Bones
top of range , see sniff of bear will fall hard ,weekly 1.6500 is the number , {image}
same mind Tony.
  • #363,217
  • Feb 13, 2014 5:22am Feb 13, 2014 5:22am
Hello thread readers.

Usual ego based fun and games taking place in this thread I see (and others) - well there's ego and money at risk it's a lethal combination lol !

Strong follow thru on last week's weekly pinbar candle (big surprise ? lol) and price at today's hi - a follow thru on yesterday's strongly bullish candle...is at that former resistance zone leading to 6668 hi - and at Daily R1 pivot...so there will be very likely be some resistance there as presently being experienced and even higher into it towards 6668 high ?.

Much talk about the Weekly/Monthly range and yes it still persists but the activity off 4811 low within it has been strongly bullish - with a break of the monthly triangle top, a pullback to it, and another leg up to today's present high. Can cable break out of the monthly range ? Well it remains to be seen - but my guess is that it will take more good data/conditions re Uk and economy to do so and in any event it depends where you think the range top is. Monthly chart and Weekly chart are below here, top one is monthly.

Best Wishes.
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it's all gone a bit........
  • #363,218
  • Feb 13, 2014 5:28am Feb 13, 2014 5:28am
well cable really doesnt care a damn no retrace or anything....
  • #363,219
  • Feb 13, 2014 5:31am Feb 13, 2014 5:31am
bulls have 2 hours to respond , if it doesnt gets through 1.6666 in 2 hours , there will be alot of closing befo0re the usd news breaking...
  • #363,220
  • Feb 13, 2014 5:36am Feb 13, 2014 5:36am
just take my sell order gbus to 6620 just bring it up ready, profit protector on eurusd is up to 3610 entrry was 3577 , this gb still looks like it can go up
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