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Cable Update (GBPUSD)

  • #407,721
  • Feb 3, 2015 10:20am Feb 3, 2015 10:20am
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one for Mr Scott line attraction..2.000/2.400
  • #407,722
  • Feb 3, 2015 10:28am Feb 3, 2015 10:28am
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 10:43am Feb 3, 2015 10:43am
close Iong and pull back retest support
  • #407,724
  • Feb 3, 2015 10:54am Feb 3, 2015 10:54am
I think this week will close gap...
Try don't lose pants never...
  • #407,725
  • Feb 3, 2015 12:01pm Feb 3, 2015 12:01pm
Short @1.5160, SL, 1.5220, TP 1.5080. Fibo levels.
  • #407,726
  • Feb 3, 2015 12:32pm Feb 3, 2015 12:32pm
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 12:59pm Feb 3, 2015 12:59pm
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 1:08pm Feb 3, 2015 1:08pm
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 1:11pm Feb 3, 2015 1:11pm
closed too early long aaa
  • #407,730
  • Feb 3, 2015 1:30pm Feb 3, 2015 1:30pm
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 1:39pm Feb 3, 2015 1:39pm
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 1:43pm Feb 3, 2015 1:43pm
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 1:52pm Feb 3, 2015 1:52pm
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 1:56pm Feb 3, 2015 1:56pm
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run up that line ,
  • #407,735
  • Feb 3, 2015 10:21pm Feb 3, 2015 10:21pm
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 11:41pm Feb 3, 2015 11:41pm
hmmm... go go go up so i can place my short again
the true currencies here is patience and react precisely
  • #407,737
  • Feb 4, 2015 12:45am Feb 4, 2015 12:45am
sell.
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Money is made by sitting, not trading. Jesse L. Livermore
  • #407,738
  • Feb 4, 2015 12:49am Feb 4, 2015 12:49am
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 4, 2015 12:55am Feb 4, 2015 12:55am
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 2:41am Feb 4, 2015 2:41am
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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