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Cable Update (GBPUSD)

  • #366,061
  • Feb 26, 2014 3:43am Feb 26, 2014 3:43am
Guys, take a seat.
Shit Happens
  • #366,062
  • Feb 26, 2014 3:45am Feb 26, 2014 3:45am
Quoting act333
Guys, take a seat.

  • #366,063
  • Feb 26, 2014 3:45am Feb 26, 2014 3:45am
Quoting giveachance
{quote} check this... http://www.youtube.com/watch?v=H2IgVPmuA5E
Saw this movie when I was a kid. I hope the remake does not make me cry
Everything you want lies on the other side of fear.
  • #366,064
  • Feb 26, 2014 3:46am Feb 26, 2014 3:46am
Quoting elbert3
i am going to expose myself and leave my shorts open
what ever works for you, but you might get arrested...
Look Sharp/Trade Tight
  • #366,065
  • Feb 26, 2014 3:46am Feb 26, 2014 3:46am
Quoting elbert3
i am going to expose myself and leave my shorts open no sl just manage
:o
  • #366,066
  • Feb 26, 2014 3:47am Feb 26, 2014 3:47am
got stopped out 3x times today
6706 67 6693
Now 6692 Short
No damage but few were 20+pips and failed to take profit thinking it might drop and did not want to lose position....
Yeahh its pretty manipulated nerve racking pair.In comparison EU is like fging fat lady in sleep.
In trading, you have to be defensive and aggressive at the same time
  • #366,067
  • Feb 26, 2014 3:49am Feb 26, 2014 3:49am
I would rather leave this for a while and watch alexandria in "True Detective" again. Hope that makes up for the bad day
Everything you want lies on the other side of fear.
  • #366,068
  • Feb 26, 2014 3:50am Feb 26, 2014 3:50am
that last move to 6703 was a 505 fib daily check the day out we have a pull back to 61,8 then down to 23% then now 50% that is abc do you think, next move is big down, can somebody check
  • #366,069
  • Feb 26, 2014 3:51am Feb 26, 2014 3:51am
Quoting elbert3
i am going to expose myself and leave my shorts open
Quoting PayTheLimit
what ever works for you, but you might get arrested...



GOLD!
  • #366,070
  • Feb 26, 2014 3:52am Feb 26, 2014 3:52am
GBP/USD unchanged post-GDP

There were no surprises in today’s GDP releases, showing that the UK economy expanded in line with estimates 0.7% inter-quarter during Q4 and 2.7% on a yearly basis. Further data also showed that Total Business Investment grew at an annual pace of 2.4% in Q4 vs. 2% from the previous quarter. “We note that the Elliott wave counts on the daily, weekly and monthly charts indicate that this is the end phase of the move and we would expect to see the intraday rallies remain capped by 1.6735 ahead of the 1.6819 recent high”, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.


Lets hope the data from the US does some good. But that would be highly unlikely.
Everything you want lies on the other side of fear.
  • #366,071
  • Feb 26, 2014 3:56am Feb 26, 2014 3:56am
Look Sharp/Trade Tight
  • #366,072
  • Feb 26, 2014 3:56am Feb 26, 2014 3:56am
Quoting Neeraj_Raj
GBP/USD unchanged post-GDP There were no surprises in today’s GDP releases, showing that the UK economy expanded in line with estimates 0.7% inter-quarter during Q4 and 2.7% on a yearly basis. Further data also showed that Total Business Investment grew at an annual pace of 2.4% in Q4 vs. 2% from the previous quarter. “We note that the Elliott wave counts on the daily, weekly and monthly charts indicate that this is the end phase of the move and we would expect to see the intraday rallies remain capped by 1.6735 ahead of the 1.6819 recent high”,...
Raj
You ask 2 Elliot Wave traders looking at same chart same TF and you'll get 4 opinions
That's the problem with Waves.There is no objectivity.
I prefer Harmonics
In trading, you have to be defensive and aggressive at the same time
  • #366,073
  • Feb 26, 2014 3:56am Feb 26, 2014 3:56am
Fall already!! Back in May 2009 when price hit 1.67 area, it took about 6 months of consolidation until price finally moved down all the way to 1.42. I don't expect a similar move but price could move down as low as 1.5 area. 1.67 is a ridiculous resistance on the weekly chart. I would be very surprised if price actually breaks it.

I'm gonna be patient and wait for the fall. It's only a matter of time. It could take awhile though...maybe weeks or months or tomorrow...lol
  • #366,074
  • Feb 26, 2014 3:57am Feb 26, 2014 3:57am
The best way to understand market direction here is to watch a table tennis game between GB and US champ... :-/
  • #366,075
  • Feb 26, 2014 3:58am Feb 26, 2014 3:58am
Quoting chazzle
{quote} {quote} GOLD!
hi just had a look at gold at this time i have a doji on the day, i know it is early might be worth watching to short it ,,
  • #366,076
  • Feb 26, 2014 4:01am Feb 26, 2014 4:01am
Quoting elbert3
hi just had a look at gold at this time i have a doji on the day, i know it is early might be worth watching to short it ,,


bless your cotton socks, Elbert
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  • #366,077
  • Feb 26, 2014 4:02am Feb 26, 2014 4:02am

  1. elbert3

without sl you are dead meat...

With a good book and quality paper you can fine wipe your ass.
  • #366,078
  • Feb 26, 2014 4:02am Feb 26, 2014 4:02am
Quoting Davit
{quote} Raj You ask 2 Elliot Wave traders looking at same chart same TF and you'll get 4 opinions That's the problem with Waves.There is no objectivity. I prefer Harmonics
as in harmonic elliot wave ?

Teach me master.
Everything you want lies on the other side of fear.
  • #366,079
  • Feb 26, 2014 4:02am Feb 26, 2014 4:02am
Quoting elbert3
{quote} hi just had a look at gold at this time i have a doji on the day, i know it is early might be worth watching to short it ,,
Do you realise that you talking about the actual shorts and golden thoughts here..?
69
  • #366,080
  • Feb 26, 2014 4:03am Feb 26, 2014 4:03am
Quoting chazzle
{quote} {quote} GOLD!
Sorry chazzle i have to laugh at this, gold is at 61.8% on the weekly move lol, i told you today i am a fib trader,LOL i have had enough posting now for a while,tea time keep looking and let me know .regards E
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