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Cable Update (GBPUSD)

  • #415,681
  • May 26, 2015 12:11am May 26, 2015 12:11am
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.morning small lot 5402 buy 5630 ??
  • #415,682
  • May 26, 2015 12:16am May 26, 2015 12:16am
Quoting elbert3
{image}.morning small lot 5402 buy 5630 ??
Same trade SL at be, could keep going down, target 549
  • #415,683
  • May 26, 2015 12:23am May 26, 2015 12:23am
Quoting alexpi
{quote} Same trade SL at be, could keep going down, target 549
i will keep this one hedge to 5270 may be , but eur coming up to 0859 area of support see what happens there
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  • #415,684
  • May 26, 2015 12:28am May 26, 2015 12:28am
Would there be a bounce selling opportunity later today?
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  • #415,685
  • May 26, 2015 12:48am May 26, 2015 12:48am
just my point of view, it will be going down until US Core Durable Goods Orders m/m comes out it may touch 1.537, if there are good will go down to 1.523 area, if there are bad we may go back to 1 559-1,56.
  • #415,686
  • May 26, 2015 1:05am May 26, 2015 1:05am
FIBS 38.2 under the next weekly support is kinda looking cool.
TRENDLINES ins SYNCH still
Sold at 156 800
270 pips and waiting for a BUY.
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  • #415,687
  • May 26, 2015 1:31am May 26, 2015 1:31am
Should have sold at 5420.
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  • #415,688
  • May 26, 2015 1:37am May 26, 2015 1:37am
Quoting Darkforce
Would there be a bounce selling opportunity later today? {image}
May be at 5291 test , a break to bounce will be fine if.Take care ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #415,689
  • May 26, 2015 1:39am May 26, 2015 1:39am
Quoting Darkforce
Should have sold at 5420. {image}
hedged of 15 could see the 5300 25 area, hope that news will be good for buys orders as high 5520 5 lots on that to 5600 i hope remember last week post sold of 20 ema on the month to the week 20 ema,, but that could mean trend change ???
  • #415,690
  • May 26, 2015 1:46am May 26, 2015 1:46am
Quoting Darkforce
Should have sold at 5420. {image}
took out short i moved it to 5400 ???? what happened there ,, have a look , if this holds 5600 ?? fib that candle
  • #415,691
  • May 26, 2015 1:55am May 26, 2015 1:55am
Inevitable change of Direction approaching.
Remember the Pull Back always ensures a smarter approach.
Be Carefull today esp with the USA news soon.

Sell either continues to 300 pips plus or pull back will give us a new direction.
Either way its a WIN WIN scenario as it should be.
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  • #415,692
  • May 26, 2015 1:56am May 26, 2015 1:56am
Quoting elbert3
{quote} hedged of 15 could see the 5300 25 area, hope that news will be good for buys orders as high 5520 5 lots on that to 5600 i hope remember last week post sold of 20 ema on the month to the week 20 ema,, but that could mean trend change ???
We have US core durable/CB consumer sales today, then UK advanced GDP 2nd est. on Thurs.

US core durable has been bad since beginning of this year, there are two scenarios:
1.Market has priced in a bad number this month
2.Market expect a picking up based on recent turnaround expectations

Looking at the cable PA, I suspect the 2nd scenario is in play where market front run the case of a good number, if so it is highly likely that we are going to have a bounce, and yes 5520 and above are what I am hoping for.

UK GDP could have bigger impact on cable than these US data for this week at least, so it will come into play at some point.
  • #415,693
  • May 26, 2015 1:58am May 26, 2015 1:58am
Quoting elbert3
{quote} took out short i moved it to 5400 ???? what happened there ,, have a look , if this holds 5600 ?? fib that candle
On weekly have a 5402 from mid-Feb weekly resistance, so maybe it is acting as a support as we waiting for data.

Feels long from here offers good RR, still thinking though.
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  • #415,694
  • May 26, 2015 2:00am May 26, 2015 2:00am
Quoting fontu
{quote} May be at 5291 test , a break to bounce will be fine if.Take care , fontu {image}
Hi fontu, was looking at 5300 since last week as well. Thank Fed now the price path depends more on what data we get so still on hold until we have more clue.
  • #415,695
  • May 26, 2015 2:10am May 26, 2015 2:10am
Quoting Darkforce
{quote} On weekly have a 5402 from mid-Feb weekly resistance, so maybe it is acting as a support as we waiting for data. Feels long from here offers good RR, still thinking though. {image}
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this was the only thing i had from the last movement but i thought it would pass that, candle analysis on the 1 hour chart ??
  • #415,696
  • May 26, 2015 2:12am May 26, 2015 2:12am
I think i will soon go for long after confirmation hold of support 2 @ 1.5387,but have to be very patient enough to see things work out.
  • #415,697
  • May 26, 2015 2:19am May 26, 2015 2:19am
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day is boarder line emas long for now close to a db,, pips away ??? and will use that now as sl , candle above doji. in the middle,,?MMMM if it holds to tl attraction , but it could go shorts big time 5170 area
  • #415,698
  • May 26, 2015 2:35am May 26, 2015 2:35am
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  • #415,699
  • Edited 3:12am May 26, 2015 2:39am | Edited 3:12am
Quoting elbert3
{quote} {image} this was the only thing i had from the last movement but i thought it would pass that, candle analysis on the 1 hour chart ??
We haven't got any data point this week, so the act so far could be merely a continuation of last weeks momentum.

5390 is an interesting level though.
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  • #415,700
  • May 26, 2015 3:06am May 26, 2015 3:06am
Watching the 1.5370 to 1.5340 levels with interest to go long. In the early morning European session the market did come pretty close to the 1.5370 level. Watching now if that might have been it. Perhaps a little retracement could provide an opportunity for a low risk long. Lets see....
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