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Cable Update (GBPUSD)

  • #409,861
  • Feb 23, 2015 8:42am Feb 23, 2015 8:42am
Quoting Zappa
{quote} 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.
  • #409,862
  • Edited 8:56am Feb 23, 2015 8:45am | Edited 8:56am
EURGBP down to 0.7321 ish.............and GU can still go to 1.5464.......then its either 1.5606 or 1.5183.......
  • #409,863
  • Feb 23, 2015 8:58am Feb 23, 2015 8:58am
Quoting cspip
EURGBP down to 0.7321 ish.............and GU can still go to 1.5464.......then its either 1.5606 or 1.5183.......
5419 watch area need to clear that with this 4 hour candle thats a big bullish move then
  • #409,864
  • Feb 23, 2015 9:02am Feb 23, 2015 9:02am
worth the wait lol - Very Nice ..
  • #409,865
  • Feb 23, 2015 9:03am Feb 23, 2015 9:03am
Quoting elbert3
{quote} 5419 watch area need to clear that with this 4 hour candle thats a big bullish move then
Yes, it has broken this ... but too late to long now, needs retrace (if it will come)
Fix up, trade sharp ...
  • #409,866
  • Feb 23, 2015 9:03am Feb 23, 2015 9:03am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
bounus on now 60 pip can we see the full top
  • #409,867
  • Feb 23, 2015 9:03am Feb 23, 2015 9:03am
closed sell position 1.5414 , around 1.5412 , seted up new sell limit : 1.5448
  • #409,868
  • Feb 23, 2015 9:05am Feb 23, 2015 9:05am
15430 50 resisntance and pull back down
  • #409,869
  • Feb 23, 2015 9:08am Feb 23, 2015 9:08am
Quoting Dano12
15430 50 resisntance and pull back down
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 74 KB
some here but line attraction ??
  • #409,870
  • Feb 23, 2015 9:09am Feb 23, 2015 9:09am
Trend line changes don't give a shit to this trend lines !
  • #409,871
  • Feb 23, 2015 9:11am Feb 23, 2015 9:11am
Quoting edyraper
Trend line changes don't give a shit to this trend lines !
trade between support and resistence areas thats all you could make 40-50 pips by one move , well today 2 moves 100 pips thats enough for me
  • #409,872
  • Feb 23, 2015 9:12am Feb 23, 2015 9:12am
am i the only one who sees a possible H&S pattern i H4?

am i getting crazy? if i am right we will see 149 soon
  • #409,873
  • Feb 23, 2015 9:15am Feb 23, 2015 9:15am
Bad trade today
Ga hit sl
gj add short 183.4
gu add short 1.543
will see.
  • #409,874
  • Feb 23, 2015 9:15am Feb 23, 2015 9:15am
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 63 KB
any pull back ,hopefully to the break out then,, load again,, buy big sell small lots ,,same plan might just keep this trade open 90% off and run
  • #409,875
  • Feb 23, 2015 9:18am Feb 23, 2015 9:18am
It should be borne in mind two important events. From the pound tomorrow at 11:00 will be published on BoE report. Inflation in the Commission of the Treasury, and at 16:00 a speech by Janet Yellen, presenting a semi-annual report on. Monetary policy before the US Senate Banking Committee. The tone of both reports should set the balance of power on the GBP / USD.
  • #409,876
  • Feb 23, 2015 9:20am Feb 23, 2015 9:20am
154.30 has held thus far.... check back in 30 minutes...
  • #409,877
  • Feb 23, 2015 9:22am Feb 23, 2015 9:22am
Quoting elbert3
{image} any pull back ,hopefully to the break out then,, load again,, buy big sell small lots ,,same plan might just keep this trade open 90% off and run
Yes, retest of breakout area is what I want to see.
Fix up, trade sharp ...
  • #409,878
  • Feb 23, 2015 9:25am Feb 23, 2015 9:25am
rocket ship. all the way
  • #409,879
  • Feb 23, 2015 9:44am Feb 23, 2015 9:44am
hey cable come back that is retracmenet
  • #409,880
  • Feb 23, 2015 9:50am Feb 23, 2015 9:50am
I think we're just taking easy stops before a big fall.

I like how strong this move looks (not so much for my account!), but I like how it is very strong and persistent. I envision a similar move, only much longer-lasting after we bottom out near 1.5020. As I said, I think we're going to see a nasty sell-off very soon to get down to 1.5020. I think traders will remember this strong move and the strong sell-off, and this will entice them to short (only to be stopped out) when we come back up after the anticipated sell-off. (This making any sense?)
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