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Cable Update (GBPUSD)

  • #410,201
  • Feb 25, 2015 2:47am Feb 25, 2015 2:47am
yup 548 level is on 1st view hence eur is on the way to hell down again.IMHO if 548 level got breached and price sustained below floating cause way down to 400.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,202
  • Feb 25, 2015 2:49am Feb 25, 2015 2:49am
Either 1.58 or 1.50 will be hit within the next 6 months!

Waiting 1.54666 to add more shorts.
  • #410,203
  • Feb 25, 2015 2:50am Feb 25, 2015 2:50am
comon cheers
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,204
  • Feb 25, 2015 2:52am Feb 25, 2015 2:52am
Quoting sakisf
Either 1.58 or 1.50 will be hit within the next 6 months! Waiting 1.54666 to add more shorts.
I am more inclined to expect 1.58.
And I do not think it needs 6 months to get there.
I think shorter than 6 months (at least 1.575).
my 2 cents.

*if 1.50 then it would hit my SL
  • #410,205
  • Feb 25, 2015 2:53am Feb 25, 2015 2:53am
Quoting Idkurv
{quote} I am more inclined to expect 1.58. And I do not think it needs 6 months to get there. I think shorter than 6 months (at least 1.575). my 2 cents.
It was my gypsy reading :nerd:
  • #410,206
  • Feb 25, 2015 2:56am Feb 25, 2015 2:56am
The number of New Home sales and FED’s chair testifies will be expected boose for US
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,207
  • Feb 25, 2015 2:56am Feb 25, 2015 2:56am
Quoting sakisf
{quote} It was my gypsy reading :nerd:
I'm gonna get to the local fair next time its in town with my charts :-)
  • #410,208
  • Feb 25, 2015 3:01am Feb 25, 2015 3:01am
Quoting sgkrishn
comon cheers {image}
see what comes out of the usa later on maybe room for one more high .. logical adjustment soon ..
Bulls seem to be in control .. so sell off would seem to be more of a re - load .. in my humble opinion of course
  • #410,209
  • Feb 25, 2015 3:01am Feb 25, 2015 3:01am
GBP/USD – Stuck at Technical resistance

The pair ran into multiple technical resistance located at 1.5540 (Dec. 8 low) - 1.5547 (Dec. 18 low), after it rose through the 100-DMA at 1.5470 and the 23.6% Fib retracement level (of 1.7190-1.4949) at 1.5477 earlier today.

Meanwhile, the Pound also faced pressure from the decline in the Gilt yields. The 10-year Gilt yield fell 5.6 basis points to 1.706%. Meanwhile, the 10-year yield in the US fell 2.6 basis points to 1.96%. The relative weakness in the benchmark bond yield in the UK could have capped gains in the British Pound. However, the pair could remain supported at 1.55 on Bank of England governor Carney’s comments that an interest rate hike is more likely to be the next move.

GBP/USD Technical Levels

The immediate resistance is seen at 1.5540, above which the pair could rise to 1.56 levels. On the flip side, a break below 1.5477 could push the pair down to 1.5437 (5-DMA).
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,210
  • Feb 25, 2015 3:07am Feb 25, 2015 3:07am
another option for latecomers
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  • #410,211
  • Feb 25, 2015 3:11am Feb 25, 2015 3:11am
Quoting Dano12
another option for latecomers {image}
I luv ur tp levels i wish it should covered down soon
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,212
  • Feb 25, 2015 3:17am Feb 25, 2015 3:17am
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,213
  • Feb 25, 2015 3:18am Feb 25, 2015 3:18am
Quoting sgkrishn
GBP/USD Stuck at Technical resistance The pair ran into multiple technical resistance located at 1.5540 (Dec. 8 low) - 1.5547 (Dec. 18 low), after it rose through the 100-DMA at 1.5470 and the 23.6% Fib retracement level (of 1.7190-1.4949) at 1.5477 earlier today. Meanwhile, the Pound also faced pressure from the decline in the Gilt yields. The 10-year Gilt yield fell 5.6 basis points to 1.706%. Meanwhile, the 10-year yield in the US fell 2.6 basis points to 1.96%. The relative weakness in the benchmark bond yield in the UK could have capped gains...
i was just reading that too,, lets see they do get some good numbers
regards E
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line attraction but the last 2 times because the trend was long it never got there
  • #410,214
  • Feb 25, 2015 3:26am Feb 25, 2015 3:26am
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,215
  • Feb 25, 2015 3:30am Feb 25, 2015 3:30am
Quoting TomTheTrader
Yop you were right guys ,...at first 1.55000 and than maybe shorts. Actually still my shorts .The line still respected and rejected from it Many green pips guys {image}
Still valid , still holding , still im in my shorts
Many green pips guys
  • #410,216
  • Feb 25, 2015 3:38am Feb 25, 2015 3:38am
IT SAYS .... World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.

So whats the gig like in 2008 we need another world crash so we can sell em all off and buy cheap again ..

Ground HOg day ..
  • #410,217
  • Feb 25, 2015 3:53am Feb 25, 2015 3:53am
Quoting Spudforex
IT SAYS .... World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates. So whats the gig like in 2008 we need another world crash so we can sell em all off and buy cheap again .. Ground HOg day ..
just a game we are mere pawns,, or porns,, which ever lol looks like its going long 5006 was support ??? lets see resistance now
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  • #410,218
  • Feb 25, 2015 4:03am Feb 25, 2015 4:03am
gonna close the short from 1.5270 on 1.5480 what a good trade , -200 pips today
  • #410,219
  • Feb 25, 2015 4:04am Feb 25, 2015 4:04am
Moar shorts from 1.54666 soon
  • #410,220
  • Feb 25, 2015 4:05am Feb 25, 2015 4:05am
so tp1
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