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Cable Update (GBPUSD)

  • #406,421
  • Jan 8, 2015 2:39am Jan 8, 2015 2:39am
Quoting giveachance
{quote} what are you saying billy. it spiked from 1.56 to 1.61 in 2 months. 1.62-1.66 in 1 month and then 1.66-1.71 in 3 months. with this stupendous rise it surprised so many people
yes good example GC were both long so lets be positive , as long as ones ac can hold i think now is a good time to buy but not to go crazzzzy on the lot size ,, scalp hedge if you need to that will cover the potential short fall in your longs so that you end up with cable stock that has not cost your acc that much,, then when it comes about reap the reward,,,,if you get my drift .
  • #406,422
  • Jan 8, 2015 2:41am Jan 8, 2015 2:41am
Quoting giveachance
{quote} what are you saying billy. it spiked from 1.56 to 1.61 in 2 months. 1.62-1.66 in 1 month and then 1.66-1.71 in 3 months. with this stupendous rise it surprised so many people
just long eur usd 1.1811 , another keeper .
  • #406,423
  • Jan 8, 2015 2:51am Jan 8, 2015 2:51am
Good morning all,

Euro looks like it might make it to 1.1793 today.
GBP/USD looks like it might make it to 1.5023 today.

B.
  • #406,424
  • Jan 8, 2015 2:54am Jan 8, 2015 2:54am
http://www.fxstreet.com/news/forex-n...0-963e72b585fd reading gives good numbers at times,, thats me guys ,, see you later ,, work
  • #406,425
  • Jan 8, 2015 3:05am Jan 8, 2015 3:05am
Next support target for Euro is 1.1775ish.

B.
  • #406,426
  • Jan 8, 2015 4:10am Jan 8, 2015 4:10am
Quoting ThePolarFox
I don't get all this overselling on GU, ok it's a Euro related currency but UK's economy isn't THAT bad, I honestly don't see any reason for all these new lows everyday without even having a bounce or a retrace for the past few months.
price may 'trampoline' off 1.5 (or a bit lower).
  • #406,427
  • Jan 8, 2015 4:24am Jan 8, 2015 4:24am
Next support level for Euro is 1.1737 ish. Not sure if it will make it there today.

B.
  • #406,428
  • Jan 8, 2015 4:50am Jan 8, 2015 4:50am
Quoting elbert3
{quote} just long eur usd 1.1811 , another keeper .
hope you didn't long it. I am not sure whether you trade this pair or not??? but try aud/cad long now
  • #406,429
  • Jan 8, 2015 4:51am Jan 8, 2015 4:51am
looks like we are going to wander between 1.5040-70 for rest of the day
  • #406,430
  • Jan 8, 2015 5:25am Jan 8, 2015 5:25am
4812 the low circled from July 2013....will this area leading down to see support found or will price fall through there too ? It's been a false break out of top of triangle to 7191 and then a steep fall back inside it, and out through other side.

best wishes
Attached Image (click to enlarge)
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it's all gone a bit........
  • #406,431
  • Jan 8, 2015 5:42am Jan 8, 2015 5:42am
what's the posaibility like for BOE to raise interest rate??
  • #406,432
  • Jan 8, 2015 5:46am Jan 8, 2015 5:46am
Looks like a bear flag on the GBP/USD
B
  • #406,433
  • Jan 8, 2015 6:25am Jan 8, 2015 6:25am
Attached Image (click to enlarge)
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just back missed the news but looking here 5033 was support and 5071 resistance just in the middle now
  • #406,434
  • Jan 8, 2015 6:42am Jan 8, 2015 6:42am
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 56 KB
if it breaks 71 ,possible tp areas 5087 might break out of tl , fail look to break 5033
  • #406,435
  • Jan 8, 2015 6:53am Jan 8, 2015 6:53am
hi some levels for the road m5
lets see if we cross the e200
Attached Image (click to enlarge)
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  • #406,436
  • Jan 8, 2015 7:02am Jan 8, 2015 7:02am
Quoting elbert3
{image} if it breaks 71 ,possible tp areas 5087 might break out of tl , fail look to break 5033
Hi, resistance broken, stops above just taken. looks like your "thumb of rule" is doing well lol, regards from your german fellow.
Fix up, trade sharp ...
  • #406,437
  • Jan 8, 2015 7:04am Jan 8, 2015 7:04am
Quoting kill56
hi some levels for the road m5 lets see if we cross the e200 {image}
putting i a fight ,just kick it over the line or it will come back
  • #406,438
  • Jan 8, 2015 7:11am Jan 8, 2015 7:11am
Quoting elbert3
{quote} putting i a fight ,just kick it over the line or it will come back
My stop was happy food for the market makers I guess ... could still go to 80 ish though, I will wait a bit to put on another short if the opportunity arises.
Fix up, trade sharp ...
  • #406,439
  • Jan 8, 2015 7:14am Jan 8, 2015 7:14am
Quoting Hickson
{quote} My stop was happy food for the market makers I guess ... could still go to 80 ish though, I will wait a bit to put on another short if the opportunity arises.
not going up here 5060 could mean 75 was false back to look at 5033 ???? lets se
  • #406,440
  • Jan 8, 2015 7:15am Jan 8, 2015 7:15am
Quoting petetong
4812 the low circled from July 2013....will this area leading down to see support found or will price fall through there too ? It's been a false break out of top of triangle to 7191 and then a steep fall back inside it, and out through other side. best wishes {image}
its either going to break through the floor hard or its a broadening triangle, likely to go lower then creating a high..this is something i expect as its a bit complicated and will take orders from everywhere..
USD is doing what GBP did last year move up due to speculation of rate rise..interesting situation developing as a high USD surely will have a massive impact on exports??

just my thoughts
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