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Cable Update (GBPUSD)

  • #380,241
  • Jun 4, 2014 7:09am Jun 4, 2014 7:09am
Quoting DerekTrotter
{quote} exactly if ur going to take a parachute jump try and find the tallest building and if u cant find one then make one ..
Buena comparación
  • #380,242
  • Jun 4, 2014 7:09am Jun 4, 2014 7:09am
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will it break into the upper tl? over 6805 looks like it is going to 6920 or will the 50 yellow hold it,,, lets try the 50 holding
  • #380,243
  • Jun 4, 2014 7:14am Jun 4, 2014 7:14am
short side for me .
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  • #380,244
  • Jun 4, 2014 7:18am Jun 4, 2014 7:18am
Quoting elbert3
{image} will it break into the upper tl? over 6805 looks like it is going to 6920 or will the 50 yellow hold it,,, lets try the 50 holding
Your yellow is my blue buddy. Let's see.

http://www.forexfactory.com/showthre...60#post7511760
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Ghost Rider - WWTBMD?
  • #380,245
  • Jun 4, 2014 7:20am Jun 4, 2014 7:20am
Quoting elbert3
sold at 59


Sold at 59??? crazy.. first place is 1.6808..... below 1.6759 you have weekly levels at 39/48 that will act as support... 59 is too close for it too fall.... even 76/78 might sell off but price wants to go higher and if it sells off we aint tested yet 39/48 so that would act as the support.... price just started selling at 62.64 daily levels but I wasn't looking to sell because you got 56/ and 55 that are going to act as the support to take it higher,...

I think we will see 1.6808 today...retrace off there too 1.6778... prob tomorrow back up too 1.6819 then that will sell off too 1.6742 level before we jump 100 pips higher and finish the day at 1.6840 which could be the nfp Friday... move down too 1.6742 then 100 pips up finishing 16840
  • #380,246
  • Jun 4, 2014 7:20am Jun 4, 2014 7:20am
Quoting Typeface
{quote} place simultaneous short and long orders moments before the announcement, with tight stop losses. Would have worked a treat this morning...
That idea is a very good one, yet must of us doesn't trade in ECN accounts. So once the data is released it usually causes a widen of the spread which would have you stop out on both orders the moment they are filled.
Ever thought about how much money you could earn wagering against yourself?
  • #380,247
  • Jun 4, 2014 7:22am Jun 4, 2014 7:22am
scalp may be coming up at 76/78 down too 48/44 but then its buy buy buy again
  • #380,248
  • Jun 4, 2014 7:24am Jun 4, 2014 7:24am
Quoting albchr
{quote} Your yellow is my blue buddy. Let's see. http://www.forexfactory.com/showthre...60#post7511760 {image}

Your blue is the top of the resistance, I'm loking in the middle at 1.6819 for the short too 1.6740 then back up at 1.6840
  • #380,249
  • Jun 4, 2014 7:24am Jun 4, 2014 7:24am
Quoting FibsWork4Me
{quote} That idea is a very good one, yet must of us doesn't trade in ECN accounts. So once the data is released it usually causes a widen of the spread which would have you stop out on both orders the moment they are filled.
Also, those of us in the US can't hedge. So even if spikes didn't hit stops but just hit both orders, they'd cancel out one another.
Ghost Rider - WWTBMD?
  • #380,250
  • Jun 4, 2014 7:27am Jun 4, 2014 7:27am
Quoting albchr
{quote} Also, those of us in the US can't hedge. So even if spikes didn't hit stops but just hit both orders, they'd cancel out one another.
Attached Image
  • #380,251
  • Jun 4, 2014 7:29am Jun 4, 2014 7:29am
Since usd DATA you can see GBP pairs (expect gbp/usd) HAS PULLED back.
Attached Image
Ever thought about how much money you could earn wagering against yourself?
  • #380,252
  • Jun 4, 2014 7:31am Jun 4, 2014 7:31am
Quoting JimmyC
{quote} {image}
... Am I yacking too much again Jimmy?
Ghost Rider - WWTBMD?
  • #380,253
  • Jun 4, 2014 7:31am Jun 4, 2014 7:31am
Quoting FibsWork4Me
{quote} That idea is a very good one, yet must of us doesn't trade in ECN accounts. So once the data is released it usually causes a widen of the spread which would have you stop out on both orders the moment they are filled.
OK - I don't have that problem. Just tried it actually, bringing the stop on my existing long up tight, and placing a short with a stop 7 points away. Figures came in well short of expectations, and what happened? - practically nothing, lol. Cut my short at a cost of 3 or 4 pips. Ah well - a bit of fun. Could be they're waiting for the trade balance data...
  • #380,254
  • Jun 4, 2014 7:32am Jun 4, 2014 7:32am
Quoting albchr
{quote} Precisely why I have NO bias. I can only say what is right now. Beyond that I happily let PA and SR do the talking. I'm quite content to follow.
Likewise Brother happily contented .. great isnt it
  • #380,255
  • Jun 4, 2014 7:33am Jun 4, 2014 7:33am
Quoting Carlicus
{quote} Buena comparación
  • #380,256
  • Jun 4, 2014 7:33am Jun 4, 2014 7:33am
Quoting Typeface
{quote} OK - I don't have that problem. Just tried it actually, bringing the stop on my existing long up tight, and placing a short with a stop 7 points away. Figures came in well short of expectations, and what happened? - practically nothing, lol. Cut my short at a cost of 3 or 4 pips. Ah well - a bit of fun. Could be they're waiting for the trade balance data...
Wow! $7bn worse than expected. If this doesn't shift it, nothing will.
  • #380,257
  • Jun 4, 2014 7:35am Jun 4, 2014 7:35am
Quoting RussJ
{quote} Your blue is the top of the resistance, I'm loking in the middle at 1.6819 for the short too 1.6740 then back up at 1.6840
Perhaps. Don't know if we'll see 6819 before 6780 to send it there. But if/when we do hit 6740, I'll buy.
Ghost Rider - WWTBMD?
  • #380,258
  • Jun 4, 2014 7:36am Jun 4, 2014 7:36am
So many bad news for the USD. Why isn't it going up :<
  • #380,259
  • Jun 4, 2014 7:37am Jun 4, 2014 7:37am
Quoting albchr
{quote} Your yellow is my blue buddy. Let's see. http://www.forexfactory.com/showthre...60#post7511760 {image}
  • #380,260
  • Jun 4, 2014 7:40am Jun 4, 2014 7:40am
Quoting albchr
{quote} Perhaps. Don't know if we'll see 6819 before 6780 to send it there. But if/when we do hit 6740, I'll buy.
No we won't it will prob be 1.6808 down too 1.6774/70 then up to 16819 then down too 1.6740

however, I am tempted to sell for a scalp 1.6778 down too 1.6748/44 myself then buy it up... but the 1.6818 short too 1.6742 I will be more than happy buying loads there after that retrace
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