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Cable Update (GBPUSD)

  • #364,481
  • Feb 18, 2014 9:11am Feb 18, 2014 9:11am
Quoting kimisiow83
{quote} OOps…. Sorry, too big mouth for my silly opinion. Cable for me is just a complete move for 1H and on neutral zone now. It have high possibilities retest on 1.674x and only consider continuous if it is broken. Just my pennies worth of view.
sorry my mistake too it was 15 min 2 moves the w you see shoots up, or a fake break of the line i drawn on the chart
  • #364,482
  • Feb 18, 2014 9:15am Feb 18, 2014 9:15am
Quoting Trader88q
Green hammer on daily. Its not good sign for shorts.
Really?
I think not
  • #364,483
  • Feb 18, 2014 9:15am Feb 18, 2014 9:15am
Quoting cat
{quote} you're holding a short from 6700 with this thing set to take off!! It baffles me how some people trade.
Depends on the SL and TP

I'm eyeing 1.64xx area, but maybe double top first
COT: The precious data ignored
  • #364,484
  • Feb 18, 2014 9:16am Feb 18, 2014 9:16am
Quoting cat
{quote} you're holding a short from 6700 with this thing set to take off!! It baffles me how some people trade.
do you care about others? why does it battle you? i dont care how you trade cause its your deal you know better and there is no need to battle about others how they trade.
  • #364,485
  • Feb 18, 2014 9:19am Feb 18, 2014 9:19am
Quoting kuroro001
{quote} Depends on the SL and TP I'm eyeing 1.64xx area, but maybe double top first
i think that 64xx you need to wait longer. The maximum of this week if that drops 6530 not more. If the bear will go further then the next week by the end we may see 6350. I think there will be no double top. Usually if that comes to double top it brakes +100 pips up. Another thing is if that will not reach 6825 and stand suppose 6795 then there is a huge possibillity to drop hard to 6500.
  • #364,486
  • Feb 18, 2014 9:20am Feb 18, 2014 9:20am
All depends on how we interpretate
  • #364,487
  • Feb 18, 2014 9:24am Feb 18, 2014 9:24am
Quoting Trader88q
{quote} i think that 64xx you need to wait longer. The maximum of this week if that drops 6530 not more. If the bear will go further then the next week by the end we may see 6350. I think there will be no double top. Usually if that comes to double top it brakes +100 pips up. Another thing is if that will not reach 6825 and stand suppose 6795 then there is a huge possibillity to drop hard to 6500.
Don't how max it can go this week, but i'm looking at something between 1.642x/8x daily.
And yes your 1.679x is a possibility of another round of selling to clear today's low.

Was looking at 1.677x

Time will tell

Meanwhile, EU is trying to break up, which is not good for the dollar....if GBP news is good tomorrow, it'll be ugly for shorts
COT: The precious data ignored
  • #364,488
  • Feb 18, 2014 9:26am Feb 18, 2014 9:26am
Quoting Trader88q
{quote} do you care about others? why does it battle you? i dont care how you trade cause its your deal you know better and there is no need to battle about others how they trade.
Okay, apologies offered, I did not mean to denigrate your trading, it may yet work out for you, it is your system and you know best
  • #364,489
  • Feb 18, 2014 9:47am Feb 18, 2014 9:47am
Morning everyone. Got to love when fundamentals come out worst then expected. The Market still does, the opposite. Hint Hint Euro with its Sentiment! To much pressure there to the upside why?! It's not going to sustain there is nothing to keep it..
There are those who know, and there are those who don't know.
  • #364,490
  • Feb 18, 2014 10:00am Feb 18, 2014 10:00am
Quoting palabara
Morning everyone. Got to love when fundamentals come out worst then expected. The Market still does, the opposite. Hint Hint Euro with its Sentiment! To much pressure there to the upside why?! It's not going to sustain there is nothing to keep it..
Buying dollar for the fix?
COT: The precious data ignored
  • #364,491
  • Feb 18, 2014 10:09am Feb 18, 2014 10:09am
whewwwwww looks like i might be false break out
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i did move the sl up just about to take the next short sl down asap to protect my well earned pips traded well one think, thou it was hairy lol
  • #364,492
  • Feb 18, 2014 10:16am Feb 18, 2014 10:16am
Attached Image (click to enlarge)
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Still short. Looking to hit 1.635 in the coming days
  • #364,493
  • Feb 18, 2014 10:39am Feb 18, 2014 10:39am
get with the program in this moment ? or still a bull as price bounce off former daily/weekly resistance/high after the fall from 6823?

Best Wishes
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it's all gone a bit........
  • #364,494
  • Feb 18, 2014 10:56am Feb 18, 2014 10:56am
Quoting petetong
get with the program in this moment ? or still a bull as price bounce off former daily/weekly resistance/high after the fall from 6823? Best Wishes {image}
I find this sentiment somewhat absurd.
Fix up, trade sharp ...
  • #364,495
  • Feb 18, 2014 10:56am Feb 18, 2014 10:56am
...and now-slow drop
With a good book and quality paper you can fine wipe your ass.
  • #364,496
  • Feb 18, 2014 10:58am Feb 18, 2014 10:58am
Quoting Suffo
...and now-slow drop

slow drop is best...he's going all the way...
  • #364,497
  • Feb 18, 2014 11:04am Feb 18, 2014 11:04am
with such bullish strength in past week, today's correction seems to be too mild to my dislike...may TP earlier if this slow price action remains for next 2 H1 candles
  • #364,498
  • Feb 18, 2014 11:07am Feb 18, 2014 11:07am
it's good for buyers to buy cheap
With a good book and quality paper you can fine wipe your ass.
  • #364,499
  • Feb 18, 2014 11:23am Feb 18, 2014 11:23am
I have no direction right now. I lost a lot of money selling on the way up over the last weeks. Made about half of it back when we dropped and took profit.

Now I have no idea if we're going up or down, so I'm sitting on the sidelines. The charts look like a solid down. However, with everyone already being short and so few long, I'm concerned we may see some higher highs soon. So I sit and wait.
  • #364,500
  • Feb 18, 2014 11:32am Feb 18, 2014 11:32am
  •  ysab
  • | Joined May 2013 | Status: Love the Prophet of mercy | 33 Posts
Have you even seen that market often ( 90 percent ) goes against FF traders.
Check this out !
I mean G/U is Bull, E/U is Bull and USD/JPY is bear !
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