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Cable Update (GBPUSD)

  • #410,441
  • Feb 26, 2015 7:29am Feb 26, 2015 7:29am
Quoting Idkurv
17 candle offset by 2 candle h4 bear is mad
haha... thats what they do...
  • #410,442
  • Feb 26, 2015 7:30am Feb 26, 2015 7:30am
Quoting Dano12
hi buddy ur got ur two points has breached still 1 more right. great work buddy
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,443
  • Feb 26, 2015 7:33am Feb 26, 2015 7:33am
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resistance but line attraction ,
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right about hitting the 20 ema,, but lets see what happens 5313 will turn the green weekly red
  • #410,444
  • Feb 26, 2015 7:33am Feb 26, 2015 7:33am
Major bottom trendline (short/mid term) has been breached and so far it seems sustained. Might well be heading towards lows.
Consecutively, dollar index has broken triangle top and looks to test higher highs.

Take profit now? Or let it roll on further.
Luck shines on the positive.
  • #410,445
  • Feb 26, 2015 7:34am Feb 26, 2015 7:34am
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,446
  • Feb 26, 2015 7:38am Feb 26, 2015 7:38am
Quoting Bones
one day this thread will learn not to try a catch a falling knife lol {quote}
Scalped some GBP longs near 1.5406, looking for 1.5440. I thought the R:R near here is okay. Hopefully I won't have to find another job lol.
  • #410,447
  • Feb 26, 2015 7:38am Feb 26, 2015 7:38am
let c 375
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,448
  • Feb 26, 2015 7:39am Feb 26, 2015 7:39am
Quoting Bones
there is no reasonable buy at this point I wont be wrong
You are right.
Better to seek short, if it bounces, safer trade
  • #410,449
  • Feb 26, 2015 7:53am Feb 26, 2015 7:53am
could see 200 pip move 5350 can be achievable
  • #410,450
  • Feb 26, 2015 8:05am Feb 26, 2015 8:05am
Quoting cspip
{quote} Actually it now looks like it could go up from here to 1.5445......
let see 5350 i had 5446 but we wont split pips ,,lol gl regards ps thats the bear target if the first tl breaks
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  • #410,451
  • Feb 26, 2015 8:10am Feb 26, 2015 8:10am
Inside bar monthly tf gu?
  • #410,452
  • Feb 26, 2015 8:13am Feb 26, 2015 8:13am
Quoting cspip
{quote} Actually it now looks like it could go up from here to 1.5445......
Can't see higher than 1.5426 atm where 200 EMA & SMA are both now on hourly. Was expecting a bounce from 1.5420 to 1.5480 but it seems unlikely, at least today.

Failed to make close on the hourly below TL.
  • #410,453
  • Feb 26, 2015 8:14am Feb 26, 2015 8:14am
Quoting navk
Added at 5432
Will get out at 5425 as I added at lows.
Intraday only.
  • #410,454
  • Feb 26, 2015 8:16am Feb 26, 2015 8:16am
Quoting Bones
if your looking to buy this its time to think about another job {image}
lol you have used that line before ,,lol regards B
  • #410,455
  • Feb 26, 2015 8:18am Feb 26, 2015 8:18am
Quoting navk
{quote} Will get out at 5425 as I added at lows.
No patience, out at 5422 with nice profits as I added heavily at 5397.
Intraday only.
  • #410,456
  • Feb 26, 2015 8:25am Feb 26, 2015 8:25am
Quoting elbert3
{quote} let see 5350 i had 5446 but we wont split pips ,,lol gl regards ps thats the bear target if the first tl breaks{image}
  • #410,457
  • Feb 26, 2015 8:28am Feb 26, 2015 8:28am
Loading new shorts - sell limits on my second line 1,5431 . Tp third line .
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Many green pips guys
  • #410,458
  • Feb 26, 2015 8:31am Feb 26, 2015 8:31am
Any body still buying long,,
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still going against the eur
  • #410,459
  • Feb 26, 2015 8:35am Feb 26, 2015 8:35am
Quoting elbert3
Any body still buying long,,{image} still going against the eur
Quite alot, G/U long positions raised by 8% in the last 4 hrs.

http://fxtrade.oanda.com/analysis/open-position-ratios
  • #410,460
  • Feb 26, 2015 8:36am Feb 26, 2015 8:36am
When GBPUSD goes, she goes swiftly ..................... this time at least towards the bottom of this ending diagonal.
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