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Cable Update (GBPUSD)

  • #379,761
  • May 29, 2014 6:32am May 29, 2014 6:32am
Quoting PoundTrader
{quote}{image}
.... you have one for everything don't you PT.
Ghost Rider - WWTBMD?
  • #379,762
  • May 29, 2014 6:33am May 29, 2014 6:33am
anyone with opinion on are we going to 1.6769 today or 1.6654???? See 1.6697 then pullback too 1.6725/31.... but am debating whether it breaks or holds.. any opinions??? tempted to exit my short for 4o pips at 1.67
  • #379,763
  • May 29, 2014 6:34am May 29, 2014 6:34am
Quoting PoundTrader
{quote}{image}
not tight enough
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,764
  • May 29, 2014 6:35am May 29, 2014 6:35am
Quoting RussJ
anyone with opinion on are we going to 1.6769 today or 1.6654???? See 1.6697 then pullback too 1.6725/31.... but am debating whether it breaks or holds.. any opinions??? tempted to exit my short for 4o pips at 1.67
looking at it now it like a yoyo on the 5 min it cant make its mind up trend short i think stick with it
  • #379,765
  • May 29, 2014 6:36am May 29, 2014 6:36am
Quoting RussJ
{quote} Took the 1.6743 short this morning.. stop break even now targeting 1.6654 intraday and tomorrow 1.6618/16 Quarterly level Friday. If however, 1.6643 fails then I will end up break even and will re short 1.6767/69 and tomorrow's target then will prob be a break of 1.6670 targeting 1.6640 (Break of the swing.... much will depend on next 1 hour if we reach 1.67 then 1.6625 will be shorted and targeting 1.6660/54 area.. in my opinion.. if on the other hand we go up then I have cut off at 1.6767/69
Yeah, Much will happen in next one hour as the US GDP is around the corner to fuel volatility into the market.
  • #379,766
  • May 29, 2014 6:41am May 29, 2014 6:41am
a little lower its game over gbp jpy
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #379,767
  • May 29, 2014 6:55am May 29, 2014 6:55am
Quoting albchr
{quote} .... you have one for everything don't you PT.
http://www.easyfreesmileys.com/smileys/lol-046.gif
  • #379,768
  • May 29, 2014 6:58am May 29, 2014 6:58am
Quoting Kofmaster
{quote} not tight enough {image}
time for this pair to get moving http://www.easyfreesmileys.com/smile...ileys-1044.gif
  • #379,769
  • May 29, 2014 7:01am May 29, 2014 7:01am
I dont count on fundamentals too much, but GDP of U.S droped sharpply from 4.1% to 0.1% now today expected that it will hit -0.6% WTF? America has huge problems again?

If so then U.S dollar will skyrocket soon. If this is not a random event and is a fundamental trend down of U.S GDP believe me the pound and euro will suffer soon hardlly.

Technically 6630 first target. Then correction to 6800. After that short 6800 as hard as u can with take profit 6400
  • #379,770
  • May 29, 2014 7:07am May 29, 2014 7:07am
Tired of waiting. Come on give me some move ! This 4H candle doesn't give me enough info for me to get out.
Read the entire market, money is made on the main trend not the fluctuation
  • #379,771
  • May 29, 2014 7:07am May 29, 2014 7:07am
Quoting Trader88q
I dont count on fundamentals too much, but GDP of U.S droped sharpply from 4.1% to 0.1% now today expected that it will hit -0.6% WTF? America has huge problems again? If so then U.S dollar will skyrocket soon. If this is not a random event and is a fundamental trend down of U.S GDP believe me the pound and euro will suffer soon hardlly. Technically 6630 first target. Then correction to 6800. After that short 6800 as hard as u can with take profit 6400
But what if it comes lower than expected?
  • #379,772
  • May 29, 2014 7:07am May 29, 2014 7:07am
like the downside but 1.6697 holds and gets back to where I think 1.6727 then it would have crossed back above the resistance and although then would eb the head and shoulders short, there will be people thinking its above the resistance and playing the inverted head and shoulders and if it makes its way up to 1.6767/69 that's the long then the break of the swing at 1.6670 will not mean a big pullback and shorts will continue....

1.6708 trying to hold currently, bottom of the monthly supports but I think or am going to play the inverted head and shoulders at 1,6697 and target 1.6767/69 so overnight and tomorrow it will target the break of the swing at 1.6670 and make 1.6640... also its Thursday and Thursday usually plays the opposite hand of the main trend of the week.. laying o9n the shorts though if we get back too 1.6767/69
  • #379,773
  • May 29, 2014 7:09am May 29, 2014 7:09am
Quoting pouyanv
{quote} But what if it comes lower than expected?
Pound and euro will drop very sharp.
  • #379,774
  • May 29, 2014 7:18am May 29, 2014 7:18am
Quoting Trader88q
{quote} Pound and euro will drop very sharp.

not sure.. think we may get the pullback today too 1.6767/69 so we can continue shorts next week... prob end week 1.6640 tomorrow..pullback Monday too 1.6710/20 then finish next week 1.6450
  • #379,775
  • May 29, 2014 7:20am May 29, 2014 7:20am
Quoting Trader88q
{quote} Pound and euro will drop very sharp.
If us data comes worse, i believe drop comes to end for euro and Pound
  • #379,776
  • May 29, 2014 7:24am May 29, 2014 7:24am
Im thinking too much concern for news , by the way can go 3 ways


Quoting pouyanv
{quote} If us data comes worse, i believe drop comes to end for euro and Pound
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #379,777
  • May 29, 2014 7:28am May 29, 2014 7:28am
Quoting pouyanv
{quote} If us data comes worse, i believe drop comes to end for euro and Pound

way I see it is cable still has a mile to drop overall but on the swings.. it would make sense for it too pullback too 1.6767/69 today so we can swing lower and lower after the swing break that I expect Friday.. if we swing lower today then the swing break Friday may be a larger pullback which I don't expect as I am total bear on cable as want lower lows that's why I expect ping pong here in 30 minutes before finishing the day at 1.6767 then tomorrow we finish close too 1.6640 area breaking the swing and will not need a bigger push up come Monday will only need to get back close to 1.67 - 1.6720 so we can swing lower again in my opinion of cousre
  • #379,778
  • May 29, 2014 7:34am May 29, 2014 7:34am
ooops

GDP
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  • #379,779
  • May 29, 2014 7:35am May 29, 2014 7:35am
Quoting JimmyC
ooops GDP {image}
Really wasn't unexpected though...no?
Ghost Rider - WWTBMD?
  • #379,780
  • May 29, 2014 7:37am May 29, 2014 7:37am
hairy no sl trend is freind
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