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Cable Update (GBPUSD)

  • #378,721
  • May 22, 2014 3:37am May 22, 2014 3:37am
Quoting Davit
{quote} please read my signature.... Once again have you waited a week? So how would you know how strong it is. We got major news event so PA is pumping up...typical. Step back relax and look at the bigger picture.
You're right, I need relax, I got carried away by emotions, hold short 6988, 6917 and 6885.
GL
  • #378,722
  • May 22, 2014 3:39am May 22, 2014 3:39am
Quoting Davit
{quote} already in profit in 2min Regards
me too....whats your target?
fokyou forexfactory
  • #378,723
  • May 22, 2014 3:39am May 22, 2014 3:39am
Quoting albchr
{quote} I'm loving it Davit ... She should travel some ways too given the ADR
Out
4 positions +120 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.m30.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #378,724
  • May 22, 2014 3:40am May 22, 2014 3:40am
Quoting ruffryders
{quote} rationale behind GJ short setup. {image}
RR how can I access your ASG Corp Journal thread for posting replies
  • #378,725
  • May 22, 2014 3:41am May 22, 2014 3:41am
Quoting Kajos2250
{quote} Buy stop triggered again. Invalidation is unchanged. It can do it Good luck! {image}
I hope it is just flagging...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 43 KB
Anything is math!
  • #378,726
  • May 22, 2014 3:42am May 22, 2014 3:42am
This is a test, only a test. Had it been an actual drop I'd be short.

This concludes the test of the emergency broadcast system. We now return you to your regularly scheduled program.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #378,727
  • May 22, 2014 3:43am May 22, 2014 3:43am
This could totally be a classic bull trap, the volume is increasing when it falls.
Anyway, it should break down 1.6863 in order to feel more bearish
  • #378,728
  • May 22, 2014 3:45am May 22, 2014 3:45am
Quoting Davit
{quote} Out 4 positions +120 pips {image}
I can only afford one small position .... I'll wait for it to drop some more
Ghost Rider - WWTBMD?
  • #378,729
  • May 22, 2014 3:45am May 22, 2014 3:45am
Quoting Carlicus
This could totally be a classic bull trap, the volume is increasing when it falls.
I believe so
  • #378,730
  • May 22, 2014 3:45am May 22, 2014 3:45am
Quoting Carlicus
This could totally be a classic bull trap, the volume is increasing when it falls.
...and the realisation that public borrowing is soaring on the back of an insolvent nation. That figure is worrying.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #378,731
  • May 22, 2014 3:48am May 22, 2014 3:48am
Quoting DNTme
{quote} me too....whats your target?
67-6680
Here is my chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #378,732
  • May 22, 2014 3:49am May 22, 2014 3:49am
...and now sipping coffee and having a what if moment - took 15 pips from the drop (trying to snatch 10 or so a day on these morning releases) - the moment leading me to once again think that I should have held out a little longer. Still, the account likes the surplus - unlike the UK account, I should imagine.

Quoting 45Condor
Hmm... is this the morning pump - to the 76.4 fib - prior to the dump come the news in half an hour? {image}
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #378,733
  • May 22, 2014 3:49am May 22, 2014 3:49am
back in long @ 6865
  • #378,734
  • May 22, 2014 3:50am May 22, 2014 3:50am
Quoting 45Condor
{quote} ...and the realisation that public borrowing is soaring on the back of an insolvent nation. That figure is worrying.
Hi Condor,

Public borrowing for UK or for USA? Both of them have a lot of debt, aren't they?
  • #378,735
  • May 22, 2014 3:50am May 22, 2014 3:50am
Look at these two weekly support and resistance... I am expecting at least some decent rejection even if it is going to break out later...
If these levels meant to be respected... pound should go down some...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-22_0145.png Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-22_0144.png Size: 23 KB
  • #378,736
  • May 22, 2014 3:51am May 22, 2014 3:51am
I think it can test the bottom one again @ 1.6750 before going up.
Trade your plan.
  • #378,737
  • May 22, 2014 3:53am May 22, 2014 3:53am
Quoting Carlicus
This could totally be a classic bull trap, the volume is increasing when it falls. Anyway, it should break down 1.6863 in order to feel more bearish
swing it!
  • #378,738
  • May 22, 2014 3:53am May 22, 2014 3:53am
Quoting mamalujo
back in long @ 6865
me to added some more

GL .
when GOD brings you a challenge he also gives you the power to deal with it
  • #378,739
  • May 22, 2014 3:53am May 22, 2014 3:53am
Quoting Carlicus
{quote} Hi Condor, Public borrowing for UK or for USA? Both of them have a lot of debt, aren't they?
I referred to the UK in the comment... it would appear that the claims that the nation is crawling out of recession with its own hands seems not to be reflected in the fact that government is having to pay more for it than they previously admitted.

The US: Dollar is still king (at the moment), and so has more freedom to do as it likes.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #378,740
  • May 22, 2014 3:56am May 22, 2014 3:56am
Quoting eitan1010
{quote} me to added some more GL .
EU is not going up why would you buy more GU...
97% correlation
In trading, you have to be defensive and aggressive at the same time
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