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Cable Update (GBPUSD)

  • #407,721
  • Feb 3, 2015 8:20am Feb 3, 2015 8:20am
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one for Mr Scott line attraction..2.000/2.400
  • #407,722
  • Feb 3, 2015 8:28am Feb 3, 2015 8:28am
Quoting elbert3
{image} one for Mr Scott line attraction..2.000/2.400
SELL for SPUD.

Position trade Dell.

151 400

catch it on the way down
  • #407,723
  • Feb 3, 2015 8:43am Feb 3, 2015 8:43am
close Iong and pull back retest support
  • #407,724
  • Feb 3, 2015 8:54am Feb 3, 2015 8:54am
I think this week will close gap...
Try don't lose pants never...
  • #407,725
  • Feb 3, 2015 10:01am Feb 3, 2015 10:01am
Short @1.5160, SL, 1.5220, TP 1.5080. Fibo levels.
  • #407,726
  • Feb 3, 2015 10:32am Feb 3, 2015 10:32am
USD just taking an absolute pounding right now. I'm short on this pair from 1.5040 with a SL of 1.5235. What do you think my chances are? Haha
  • #407,727
  • Feb 3, 2015 10:59am Feb 3, 2015 10:59am
This pair is still majorly Bearish. Some manipulation at its best taking out a lot of stops right now. Great place to sell at current area. New Higher low formed and Third touch of 4H trend line. A break above 15223 would be needed to change bias to bullish (second touch of trend line and last Lower high. I Predict price at 14870-14900 area before the end of the week. Weak news tomorrow for GBP sending cable back down to where is came from. Technical analysis with a touch of fundamental to get things moving.

Likewise for Eur/Usd
  • #407,728
  • Feb 3, 2015 11:08am Feb 3, 2015 11:08am
Quoting Berniej
This pair is still majorly Bearish. Some manipulation at its best taking out a lot of stops right now. Great place to sell at current area. New Higher low formed and Third touch of 4H trend line. A break above 15223 would be needed to change bias to bullish (second touch of trend line and last Lower high. I Predict price at 14870-14900 area before the end of the week. Weak news tomorrow for GBP sending cable back down to where is came from. Technical analysis with a touch of fundamental to get things moving. Likewise for Eur/Usd ...
Not a surprise if first touch 523xx and then down...
Try don't lose pants never...
  • #407,729
  • Feb 3, 2015 11:11am Feb 3, 2015 11:11am
closed too early long aaa
  • #407,730
  • Feb 3, 2015 11:30am Feb 3, 2015 11:30am
Quoting Spudforex
{quote} SELL for SPUD. Position trade Dell. 151 400 catch it on the way down
just back from tea with the wife can't believe it eur hit 1530 lol gb not finished yet..let me get a wine
  • #407,731
  • Feb 3, 2015 11:39am Feb 3, 2015 11:39am
Quoting braintheboss
{quote} Not a surprise if first touch 523xx and then down...
Personally I do not think so, a break to 1.2300/50 area is possible with the outer trend line potentially being reached, but watching pa currently with a shooting star forming on the 4H which was rejected by channel resistance gives us 2 bearish confluences straight away. News tomorrow may temporally lift this pair higher but my bias is still bearish. 1.4880 will be reached within the next week or so, lower channel boundaries, historical support and fib confluences.
  • #407,732
  • Feb 3, 2015 11:43am Feb 3, 2015 11:43am
If you see 1H USDX and GBPUSD, both pinbar will be full. Then can break up ( GBPUSD ) or retrace. But seeing others indicators seem enough power for up a little more before possible down...
Try don't lose pants never...
  • #407,733
  • Feb 3, 2015 11:52am Feb 3, 2015 11:52am
Gidday GBP

Hard case had a few 151 to 152 lemons trades

for over a month

thinking if we break 1.50 I will have to ditch them

Proof gambling can work if you wait long enough
  • #407,734
  • Feb 3, 2015 11:56am Feb 3, 2015 11:56am
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run up that line ,
  • #407,735
  • Feb 3, 2015 8:21pm Feb 3, 2015 8:21pm
The close below the TL is a worrying sign, but ahead of the service PMI and BOE rate decision it could mean multiple things, I just hope it didn't mean someone got insider's nod.

But, note that since last visit of this TL, we've made a HL, and I expect it to try make a HH, 1.5270/1.5305 is next target.
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  • #407,736
  • Feb 3, 2015 9:41pm Feb 3, 2015 9:41pm
hmmm... go go go up so i can place my short again
the true currencies here is patience and react precisely
  • #407,737
  • Feb 3, 2015 10:45pm Feb 3, 2015 10:45pm
sell.
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Money is made by sitting, not trading. Jesse L. Livermore
  • #407,738
  • Feb 3, 2015 10:49pm Feb 3, 2015 10:49pm
Quoting Dream_trader
Short @1.5160, SL, 1.5220, TP 1.5080. Fibo levels.
this would be my tp too
Money is made by sitting, not trading. Jesse L. Livermore
  • #407,739
  • Feb 3, 2015 10:55pm Feb 3, 2015 10:55pm
watching test ( closed long here already) , brk 5223 & 68 or not , that are crush failing areas , success to brk \test simply 5300 & actually 5318 as bull singal & critical next areas.
otherwise fail/crush to 4800 before all those levels reach.
take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #407,740
  • Feb 4, 2015 12:41am Feb 4, 2015 12:41am
Quoting elbert3
{image} run up that line ,
well if it does then it will come back down again :nerd:

Sell still holding

Wish they would hurry up - radars showing fun time ;-)

Dell
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