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Cable Update (GBPUSD)

  • #365,381
  • Feb 21, 2014 10:28am Feb 21, 2014 10:28am
what a move, stand aside for right now
  • #365,382
  • Feb 21, 2014 10:31am Feb 21, 2014 10:31am
GU M1

bear flag could be forming - upper level coinciding with Jan high 668
Attached Image (click to enlarge)
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  • #365,383
  • Feb 21, 2014 10:32am Feb 21, 2014 10:32am
finally managed to replace all my old 1.66 positions to 1.67. close w TP to cover all swaps cost lol not bad.. back to my dvd n pizza... enjoy ur weekend guys!
A handful of patience is worth a bushel of brains
  • #365,384
  • Feb 21, 2014 10:32am Feb 21, 2014 10:32am
Classic pump and duuuuuuuuuuuuuuuuuuuump
  • #365,385
  • Feb 21, 2014 10:32am Feb 21, 2014 10:32am
if this happened when it supposed to happen ,after the uk news that would be less stressfull
  • #365,386
  • Feb 21, 2014 10:33am Feb 21, 2014 10:33am
Quoting Citiboy
Bad weather story fatigue.
tell me about it

btw - cheers for bringing to light ( for me at least ) the vodafone deal last few days
  • #365,387
  • Feb 21, 2014 10:34am Feb 21, 2014 10:34am
D'ont hope just close your trade ,hopers get used as beef cows!
  • #365,388
  • Feb 21, 2014 10:36am Feb 21, 2014 10:36am
Quoting ffleo
{quote} short cable, sell rallies. long aussie, buy dips.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: aussie - i7860-TDA_114.png Size: 356 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,389
  • Feb 21, 2014 10:38am Feb 21, 2014 10:38am
Quoting Yolandi
It seems like there was some news that the Verizon deal was made so we had the sell-off
The Vodafone deal was completed today. It's been known for a month that it would be wrapped up on the 21st. It was the largest corporate pay out in history at 113 Billion Dollars. The transfers of USD into Sterling by fund managers have been taking place from the beginning of February and finished up today just before the fix. These money flows had a hand in recent GU buying, so now that they're complete we're seeing profit taking.
  • #365,390
  • Feb 21, 2014 10:39am Feb 21, 2014 10:39am
Quoting Citiboy
Bad weather story fatigue. Market trying to front run the snapback it seems. Broad USD rally.
I don't think it is Bad weather story fatigue. It seems like the Verizon deal was finally done, and with the cross-flows behind us the sell-off sets in as there is no need to speculate on a higher GBP. It looks like it the bull rally is over for now
  • #365,391
  • Feb 21, 2014 10:39am Feb 21, 2014 10:39am
i lost 32K
With a good book and quality paper you can fine wipe your ass.
  • #365,392
  • Feb 21, 2014 10:39am Feb 21, 2014 10:39am
its not going lower surely sl has to be the bottom just need a bounce and entry more or it defo good night with a loss on the last move,, but hay
  • #365,393
  • Feb 21, 2014 10:40am Feb 21, 2014 10:40am
Quoting Suffo
i lost 32K
no
  • #365,394
  • Feb 21, 2014 10:41am Feb 21, 2014 10:41am
yes
With a good book and quality paper you can fine wipe your ass.
  • #365,395
  • Feb 21, 2014 10:41am Feb 21, 2014 10:41am
Quoting Suffo
i lost 32K
32k yen? lol
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #365,396
  • Feb 21, 2014 10:42am Feb 21, 2014 10:42am
eur
With a good book and quality paper you can fine wipe your ass.
  • #365,397
  • Feb 21, 2014 10:42am Feb 21, 2014 10:42am
Quoting Suffo
i lost 32K
wtf - hope you're joking
  • #365,398
  • Feb 21, 2014 10:43am Feb 21, 2014 10:43am
why?
With a good book and quality paper you can fine wipe your ass.
  • #365,399
  • Feb 21, 2014 10:44am Feb 21, 2014 10:44am
Quoting elbert3
its not going lower surely sl has to be the bottom just need a bounce and entry more or it defo good night with a loss on the last move,, but hay
you want it break down today? it has been consolidated for many days around here and today is friday. it only needs to be parked around the bottom to close the week. next week breaks it down.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,400
  • Feb 21, 2014 10:44am Feb 21, 2014 10:44am
Good morning guys.Everything is fine in Bear land.I anticipate next week Sterling sell off in a big way.
Numbers are going to be digested.
We got 7.2 Unemployment from 7.1 not big but still negative
Retail Sells down as well -1.5 from +2.5
With floods next month I anticipate even worse numbers.1.63 is still my target
In trading, you have to be defensive and aggressive at the same time
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