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Cable Update (GBPUSD)

  • #415,641
  • May 22, 2015 7:56am May 22, 2015 7:56am
Quoting cspip
Anyone else tried for a long from here ?
wait wait ne to hail falling knives because they will cut your hands

the negation of wave 4 so as trend lines will pass massacre bulls
  • #415,642
  • May 22, 2015 8:13am May 22, 2015 8:13am
Quoting Darkforce
US CPI coming in 30 mins time, the movement could be two way,CPI surprise at this moment to have big impact. I think the fact that the bottom is poked is clearing the way for a move down, that that will expose 5570. I could be wrong. {image} {image}
You are right DF might hit 5470!!!
  • #415,643
  • May 22, 2015 8:14am May 22, 2015 8:14am
Quoting elbert3
{quote} news soon are you staying in the trade want a quick down i might pull it 5 mins before see where it 47 coming up,??
Hi E I exited some at the first poke down 5620. held the rest to 5575 amd my tp was hit.I was not in front of my laptop but feels like I hit a bonus. very lucky finish of the week.
  • #415,644
  • May 22, 2015 8:34am May 22, 2015 8:34am
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  • #415,645
  • May 22, 2015 9:09am May 22, 2015 9:09am
Quoting Dr.Zain
{quote} You are right DF might hit 5470!!!
The CPI reaction shows the underlying strength of the $, so depends on what Yellen says cable of course could hit 5470, maybe even lower. The o of last wkly candle is 5439, maybe we will get a OB at this wk's close.
  • #415,646
  • May 22, 2015 9:11am May 22, 2015 9:11am
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  • #415,647
  • May 22, 2015 9:55am May 22, 2015 9:55am
Trend lines affected, what do bulls, because when you break the low ...
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  • #415,648
  • May 22, 2015 11:21am May 22, 2015 11:21am
1.5480 long to 1.59xx
atm 1.5479
  • #415,649
  • May 22, 2015 12:12pm May 22, 2015 12:12pm
Quoting elbert3
{image} just give me the money
When we arrive at 5942 it's off to chaweng reggae bar! ;-)
  • #415,650
  • May 22, 2015 12:21pm May 22, 2015 12:21pm
Sell usd until september. Thanks yellen
  • #415,651
  • May 22, 2015 1:01pm May 22, 2015 1:01pm
prepare for next week, down target and upside ways marked
Attached Image (click to enlarge)
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  • #415,652
  • May 22, 2015 2:09pm May 22, 2015 2:09pm
anyone seen the hourly close? its a hammer! gone long

Target 1.58!

Attached Image (click to enlarge)
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  • #415,653
  • May 22, 2015 8:13pm May 22, 2015 8:13pm
How about weekly candle? It is full retracement on week before or will continue fall?
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  • #415,654
  • Edited 9:18pm May 22, 2015 8:49pm | Edited 9:18pm
Bullish candle stick pattern may form in weekly chart 6060 ( 600 pips ) if day chart down trend rejected or down to 5000
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  • #415,655
  • May 22, 2015 8:54pm May 22, 2015 8:54pm
Monthly candle is staying around 50% retraced area it may up again to the same place technically if there is no any fundamental reason to down again.
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  • #415,656
  • May 22, 2015 9:06pm May 22, 2015 9:06pm
Yup bro...if we look at monthly showed that gbp is strong.....theres a week left to close this month candle...
  • #415,657
  • May 23, 2015 10:42am May 23, 2015 10:42am
New Low on Monday - will be waiting for first trend line giving us an up signal/position.
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  • #415,658
  • May 24, 2015 2:32am May 24, 2015 2:32am
Upcoming small 130 pips trading range
Attached Image (click to enlarge)
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  • #415,659
  • Edited 7:22pm May 24, 2015 5:48pm | Edited 7:22pm
Attached Image

I think it's referring to these difficult 4th waves area throwing in bull traps or bear traps.


Here, wave [iv] is still inplay & ready for the final push up, with USDollar pushing down.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #415,660
  • May 24, 2015 11:44pm May 24, 2015 11:44pm
Buy still not confirmed time to be carefull.
Prefered mode = Sell
Attached Image (click to enlarge)
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