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Cable Update (GBPUSD)

  • #409,841
  • Feb 23, 2015 7:53am Feb 23, 2015 7:53am
Quoting Idkurv
My view on gj is bearish bias. Tp 182.2 tp2 181.2 may retest 183.1 before goes down. I am seeking to reload short.
Short at 183.1
will see..

ok if I am wrong on gu ga gj then I am a mess today.
break time.
  • #409,842
  • Feb 23, 2015 8:06am Feb 23, 2015 8:06am
Quoting Idkurv
{quote} 1.538 retested.. still have room to 1.54...but I prefer to seek short..
Short at 1.54
will see
  • #409,843
  • Feb 23, 2015 8:09am Feb 23, 2015 8:09am
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 61 KB
locked in 5402 can we hit the bonus
  • #409,844
  • Feb 23, 2015 8:10am Feb 23, 2015 8:10am
can someone explain me why it did such a big jump up without any news? and after big awfull sales uk data?
  • #409,845
  • Feb 23, 2015 8:12am Feb 23, 2015 8:12am
The oil price, maybe?
  • #409,846
  • Feb 23, 2015 8:13am Feb 23, 2015 8:13am
Quoting danndc
can someone explain me why it did such a big jump up without any news? and after big awfull sales uk data?
who knows , im still keeping the shorts from 1.5270 , 1.5214 hope to see fresh lows
  • #409,847
  • Feb 23, 2015 8:18am Feb 23, 2015 8:18am
Quoting danndc
can someone explain me why it did such a big jump up without any news? and after big awfull sales uk data?
i had it as day resistance area, buys ??? thats why i bought it ???
  • #409,848
  • Feb 23, 2015 8:19am Feb 23, 2015 8:19am
too many traders talking about trend reversals ! , does the eu , gu , uj , done with the treends ?
  • #409,849
  • Feb 23, 2015 8:19am Feb 23, 2015 8:19am
we could see 150 pip move
  • #409,850
  • Feb 23, 2015 8:19am Feb 23, 2015 8:19am
Quoting danndc
can someone explain me why it did such a big jump up without any news? and after big awfull sales uk data?

If I could always explain every move this market made I would never lose a trade. It is just how the market works.... sometimes for.. sometimes against. It looked to be a range trading day, once it hit 153.30 the buyers stepped in and now have taken to the top of the range. From here 154.00, you will probably see some selling, again moving it lower. My bias is that it will go lower still. If it breaks above 154.20 and then 154.40, then my bias may change to it going higher. Just my opinion...
  • #409,851
  • Feb 23, 2015 8:22am Feb 23, 2015 8:22am
Quoting JeffJ53
{quote} If I could always explain every move this market made I would never lose a trade. It is just how the market works.... sometimes for.. sometimes against. It looked to be a range trading day, once it hit 153.30 the buyers stepped in and now have taken to the top of the range. From here 154.00, you will probably see some selling, again moving it lower. My bias is that it will go lower still. If it breaks above 154.20 and then 154.40, then my bias may change to it going higher. Just my opinion...
i know but i didn't think it could move such pips up. do you think we could to 5330 again today?
  • #409,852
  • Feb 23, 2015 8:22am Feb 23, 2015 8:22am
Twas a nice little run we just had, but I seriously doubt that low will hold. Still bearish, but you can see there is power waiting to be unleashed. And, as always, the market doesn't want to make it easy for anybody. But I think bulls are using every chance at liquidity to build position.
  • #409,853
  • Feb 23, 2015 8:26am Feb 23, 2015 8:26am
Quoting danndc
{quote} i know but i didn't think it could move such pips up. do you think we could to 5330 again today?

I think much lower than that... but may not be today.
  • #409,854
  • Feb 23, 2015 8:26am Feb 23, 2015 8:26am
Quoting Zappa
Twas a nice little run we just had, but I seriously doubt that low will hold. Still bearish, but you can see there is power waiting to be unleashed. And, as always, the market doesn't want to make it easy for anybody. But I think bulls are using every chance at liquidity to build position.
do you think it won't hold today? do you think this could have been last move by bulls?

i think that yellen will be a little more hawkish after good data
  • #409,855
  • Feb 23, 2015 8:29am Feb 23, 2015 8:29am
Quoting Zappa
Twas a nice little run we just had, but I seriously doubt that low will hold. Still bearish, but you can see there is power waiting to be unleashed. And, as always, the market doesn't want to make it easy for anybody. But I think bulls are using every chance at liquidity to build position.

Yes, I feel the same way... they are sure showing some serious power. Very big move indeed....
  • #409,856
  • Feb 23, 2015 8:29am Feb 23, 2015 8:29am
When is Yellen speaking ? Does anyone have a link to a live feed ?
  • #409,857
  • Feb 23, 2015 8:31am Feb 23, 2015 8:31am
Quoting jasakreatif
long {image}
need more force to breakout up , but look no force to breakout down imo imo

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH123febb.png Size: 63 KB
  • #409,858
  • Feb 23, 2015 8:31am Feb 23, 2015 8:31am
Quoting danndc
{quote} i know but i didn't think it could move such pips up. do you think we could to 5330 again today?
Still Holding that Buy from Friday ..
  • #409,859
  • Feb 23, 2015 8:31am Feb 23, 2015 8:31am
Quoting danndc
can someone explain me why it did such a big jump up without any news? and after big awfull sales uk data?
Confluence zone at 1.535 1.533
  • #409,860
  • Feb 23, 2015 8:32am Feb 23, 2015 8:32am
Quoting danndc
{quote} do you think it won't hold today? do you think this could have been last move by bulls? i think that yellen will be a little more hawkish after good data
Let's see what happens in 30 minute from now. I think there's a good chance we'll break the low today. That run up was too easy to enter if your a bull here, and probably made some bears bullish with its strength. We could see a strong drop at any moment.
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