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Cable Update (GBPUSD)

  • #382,601
  • Jun 18, 2014 9:26am Jun 18, 2014 9:26am
Quoting elbert3
{quote} you can see where 904 comes in or around that area for the bulls to go long again {image}
I agree 6906 is one area to watch out.

It is 38 % retracement.

From here you can expect a bounce, but not guaranteed to take you beyond 1.7000 as 1.7000 is long term resistance.
Intraday only.
  • #382,602
  • Jun 18, 2014 9:29am Jun 18, 2014 9:29am
Quoting champoooy
{quote} So that includes both of us underwater bro.
yes but dont tell them,,they wi all want to get in the same boat ..lol
  • #382,603
  • Jun 18, 2014 9:33am Jun 18, 2014 9:33am
Quoting elbert3
{quote} yes but dont tell them,,they wi all want to get in the same boat ..lol

what is the capacity of your boat??
  • #382,604
  • Jun 18, 2014 9:33am Jun 18, 2014 9:33am
Quoting navk
{quote} I agree 6906 is one area to watch out. It is 38 % retracement. From here you can expect a bounce, but not guaranteed to take you beyond 1.7000 as 1.7000 is long term resistance.
yes true could be worth a little combo aroud that area, lets say tp buy at 906 if ti drops quick enough you could possibly get back in,it would be risky the other area i am watching is 20 ema on the day chart that would deffo be a catch area,, only thinking out loud ,, i will post chart just out for a min,,regards E
  • #382,605
  • Jun 18, 2014 9:34am Jun 18, 2014 9:34am
Quoting navk
{quote} I agree 6906 is one area to watch out. It is 38 % retracement. From here you can expect a bounce, but not guaranteed to take you beyond 1.7000 as 1.7000 is long term resistance.
lol so we will come back to 6906 just to take out 1.700. how long have you been trading???
  • #382,606
  • Jun 18, 2014 9:36am Jun 18, 2014 9:36am
Quoting giveachance
{quote} what is the capacity of your boat??
Its big well i dont have one but my friend does, remember our trip to france ,,,, that was a good one lol... but you can climb aboard ,,
  • #382,607
  • Jun 18, 2014 9:36am Jun 18, 2014 9:36am
Quoting elbert3
{quote} you can see where 904 comes in or around that area for the bulls to go long again {image}
Of course. If it should reach that a couple hours before FOMC (unlikely) I'd expect a weak bounce there. 6900/6880 is where I'd start looking for buys if this will only be a retracement of the bull trend. I showed you both my targets yesterday right??
Ghost Rider - WWTBMD?
  • #382,608
  • Jun 18, 2014 9:38am Jun 18, 2014 9:38am
Quoting giveachance
{quote} lol so we will come back to 6906 just to take out 1.700. how long have you been trading???
Yeah, 1.7000 area, it has been ranging a lot. Means 1.7000 is tough nut to crack. This is pushing the price down currently.

38 % to 50 % retracement could give a new thrust to break 1.7000 but then if the retracement is more than 50 %, then different story.
Intraday only.
  • #382,609
  • Jun 18, 2014 9:39am Jun 18, 2014 9:39am
Quoting giveachance
{quote} lol so we will come back to 6906 just to take out 1.700. how long have you been trading???
i think he might mean tp or retrace ,,depends what the fockers say ???
  • #382,610
  • Jun 18, 2014 9:45am Jun 18, 2014 9:45am
Quoting elbert3
{quote} i think he might mean tp or retrace ,,depends what the fockers say ???
well if they do a retrace to 1.7000 then they might not stop there. meanwhile where is our friend carney??? he is not coming overnite and speaking of a rate hike next week. fucking bastard. start the currency manipulation probing with him. wtf has he done since he arrived. all what is happening in gbp is due to years and years of free money thrown by BOE
  • #382,611
  • Jun 18, 2014 9:47am Jun 18, 2014 9:47am
Quoting elbert3
{quote} i think he might mean tp or retrace ,,depends what the fockers say ???
Remember 1.7032 is monthly resistance. August 2009.
Intraday only.
  • #382,612
  • Edited 10:05am Jun 18, 2014 9:49am | Edited 10:05am
I have read somewhere, the Central Bankers have different tools to control currency level.

One among them is just to 'talk" and not doing anything.
Intraday only.
  • #382,613
  • Jun 18, 2014 9:51am Jun 18, 2014 9:51am
Quoting navk
{quote} Yeah, 1.7000 area, it has been ranging a lot. Means 1.7000 is tough nut to crack. This is pushing the price down currently. 38 % to 50 % retracement could give a new thrust to break 1.7000 but then if it is more than 50 %, then different story.
Hi navk,, i was just investigating your posts ,( sorry habit of mine its because my mother was a policeman,) thanks for your input E
  • #382,614
  • Jun 18, 2014 9:54am Jun 18, 2014 9:54am
Quoting elbert3
{quote} Hi navk,, i was just investigating your posts ,( sorry habit of mine its because my mother was a policeman,) thanks for your input E
I hope you don't have a connection with granny yellen.
  • #382,615
  • Jun 18, 2014 10:01am Jun 18, 2014 10:01am
Quoting giveachance
{quote} i hope you don't have a connection with granny yellen.
my friends the one whose brother is a currency broker ,remember talking about him months ago ?? He wont tell you if his mum died ,, even when he is pissed he won't say what their up to ,,lol
  • #382,616
  • Jun 18, 2014 10:03am Jun 18, 2014 10:03am
Quoting giveachance
{quote} i hope you don't have a connection with granny yellen.
break below 32 now ,, i hope ,there is some res 26 should be ok ??
  • #382,617
  • Jun 18, 2014 10:09am Jun 18, 2014 10:09am
Karney on the other day spoke about increase soon.

GBP rose sharply and priced already.

What more is there to rise until karney really does that ?

Technically the price could reach 1.7032 monthly resistance, but then....
Intraday only.
  • #382,618
  • Jun 18, 2014 10:14am Jun 18, 2014 10:14am
Quoting navk
Karney on the other day spoke about increase soon. GBP rose sharply and priced already. What more is there to rise until karney really does that ? Technically the price could reach 1.7032 monthly resistance, but then....
Break and never come back?
  • #382,619
  • Jun 18, 2014 10:16am Jun 18, 2014 10:16am
Quoting timos
{quote} Break and never come back?
I t will be good for those who are long.
Intraday only.
  • #382,620
  • Jun 18, 2014 10:18am Jun 18, 2014 10:18am
Quoting navk
{quote} I t will be good for those who are long.
I know and it's inventable.
At some point it will happen anyway.That's what currencies do,cycles.
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