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Cable Update (GBPUSD)

  • #377,041
  • May 9, 2014 10:40am May 9, 2014 10:40am
it dosent get better
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,042
  • May 9, 2014 10:41am May 9, 2014 10:41am
Quoting Bones
Hi Z my main postion by far is eur ,but also I have spread risk over 8 pairs ,including nzd usd gbp cad may be going to 2 ,but not before deeper reatrace imo ,anyway im not trading so I hopoe it goes straight there
Any target in yoro?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,043
  • May 9, 2014 10:48am May 9, 2014 10:48am
no not at mo im looking for sim continuation ,eur gbp has been consolidating down ,on pivot and tl ,
so im watching that ,also gbp cad could be a bearish pattern,its not good ,
high risk
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,044
  • May 9, 2014 10:53am May 9, 2014 10:53am
Eurgbp may the good buy start next week??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,045
  • May 9, 2014 10:58am May 9, 2014 10:58am
Quoting Zircon
{quote} Any target in yoro?
When your TP get hit just give me a sign , i do not like trade against you
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,046
  • May 9, 2014 11:01am May 9, 2014 11:01am
Have nice week end.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,047
  • May 9, 2014 11:26am May 9, 2014 11:26am
dont tell me you want long ,lol
have a nice weekend too amigo

Quoting Zircon
{quote} When your TP get hit just give me a sign , i do not like trade against you
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,048
  • May 9, 2014 11:31am May 9, 2014 11:31am
monthly traders ,its not healthy or strong to take res at this point ,I see that last month covered easy
d1 tower top lower close on confirm,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,049
  • May 9, 2014 2:09pm May 9, 2014 2:09pm
Looks like some good support coming up for next week on the weekly candle retest
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Come with me if you want to live....
  • #377,050
  • May 9, 2014 2:11pm May 9, 2014 2:11pm
no update today, busy travelling.

GBP USD - next up is 6640, W1 close is BEARISH - bears control GU for now. D1 chart below. C is 50% of A-B and also 6640 is Month Pivot in May.

I covered my longs at the right time, and now I can only recommend short selling, until we hit decent support, which is revised to 6620-6660 area.

RR out.
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  • #377,051
  • May 9, 2014 2:13pm May 9, 2014 2:13pm
Also NU short position panning out nicely, will look into acceleration of down move next week.

EU as previously expected, was short sold as followthrough on Friday, and could point to a mid-term turn, bears gaining traction.
EU review - not for EU trading - but hint direction on USDX/NU/GU.
  • #377,052
  • May 9, 2014 2:14pm May 9, 2014 2:14pm
euro wedge W1 break out coming up
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  • #377,053
  • May 9, 2014 2:26pm May 9, 2014 2:26pm
EUR USD NEXT UP.
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  • #377,054
  • May 9, 2014 2:28pm May 9, 2014 2:28pm
Quoting ruffryders
EUR USD NEXT UP. {image}
3740 is quarter pivot, however obviously it won't hold. be are below MP (3815) and about to break QP, so
watch out for another 200 sustained move DOWN.
  • #377,055
  • May 9, 2014 2:34pm May 9, 2014 2:34pm
weekly USD posting a strong reversal @ key support level. This might be a start of new USD rally.

Next week forecast: EU/NU/GU/AU/Gold loose more ground against USDX.
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  • #377,056
  • May 9, 2014 2:53pm May 9, 2014 2:53pm
But ruffryders, according to today's COT report, EUR is net long 33K vs long 26K prior, which shows how the smart money has built up long positions just before Draghi speech.

Don't you think that the longs in EUR can affect the POUND?
  • #377,057
  • May 9, 2014 2:53pm May 9, 2014 2:53pm
Quoting ffleo
{quote} lol. he might get hindsight from me. http://www.forexfactory.com/showthre...21#post7431021 just let you know that I pee more than he can. lol
Hey, FFLEO no wonder noone ever subscribes to you, cause you are a retard and a sack of poodle poop, to put it nicely.
Keep demo trading boy.
  • #377,058
  • May 9, 2014 2:59pm May 9, 2014 2:59pm
Quoting Carlicus
But ruffryders, according to today's COT report, EUR is net long 33K vs long 26K prior, which shows how the smart money has built up long positions just before Draghi speech. Don't you think that the longs in EUR can affect the POUND?
COT data currently neutral on EU.

Positioning suggests, that retailers took profits on recent EU slide, and some are buying into EU weakness, which implies (contrarian) that EU will proceed lower yet.
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  • #377,059
  • May 9, 2014 3:01pm May 9, 2014 3:01pm
Quoting Carlicus
But ruffryders, according to today's COT report, EUR is net long 33K vs long 26K prior, which shows how the smart money has built up long positions just before Draghi speech. Don't you think that the longs in EUR can affect the POUND?
EU is most prone to weakness, should USDX rally pick up pace, based on W1 chart of USD we are at major support + strong W1 close on dollar. Look for more weakness on weaker currencies (EU/NU/GU/AU in order of weakness). NU - Weeler threatened to intervene to push NU back into decent trading range.
  • #377,060
  • May 9, 2014 3:13pm May 9, 2014 3:13pm
Ruffryders, do you think that it is going to be any retracement up in GBPUSD? I mean during monday, or do you think it is gonna plummet down without retracing up a little bit, like up to 1.69 or something?
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