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Cable Update (GBPUSD)

  • #416,201
  • Jun 5, 2015 3:04am Jun 5, 2015 3:04am
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mmmm
  • #416,202
  • Jun 5, 2015 3:27am Jun 5, 2015 3:27am
Watching ...
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Ghost Rider - WWTBMD?
  • #416,203
  • Jun 5, 2015 3:54am Jun 5, 2015 3:54am
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if it hits that tl then it could??? shoot up to that x
  • #416,204
  • Jun 5, 2015 3:56am Jun 5, 2015 3:56am
Quoting elbert3
{image} if it hits that tl then it could??? shoot up to that x
You've been busy Spiderman.
Ghost Rider - WWTBMD?
  • #416,205
  • Jun 5, 2015 4:01am Jun 5, 2015 4:01am
Quoting albchr
{quote} You've been busy Spiderman.
lol watch that tick tl and here
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it could look like a false break 5300 ?? will be off line soon wife is up
  • #416,206
  • Jun 5, 2015 4:08am Jun 5, 2015 4:08am
Quoting elbert3
{quote} lol watch that tick tl and here {image} it could look like a false break 5300 ?? will be off line soon wife is up
Is your real name Gann? ...... That's ok buddy, we won't tell your wife.
Ghost Rider - WWTBMD?
  • #416,207
  • Jun 5, 2015 4:08am Jun 5, 2015 4:08am
Quoting elbert3
{quote} lol watch that tick tl and here {image} it could look like a false break 5300 ?? will be off line soon wife is up
Well go on then
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  • #416,208
  • Jun 5, 2015 6:14am Jun 5, 2015 6:14am
I never got to open that short Could any of you guys be interested to share at what rate your looking for placing longs on this pair ?
  • #416,209
  • Jun 5, 2015 6:24am Jun 5, 2015 6:24am
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waiting for NFP
  • #416,210
  • Jun 5, 2015 6:33am Jun 5, 2015 6:33am
Quoting alexpi
{quote} Well go on then {image}
mmmmm not sure how to take that ,,where is is going ?? regards
  • #416,211
  • Jun 5, 2015 6:38am Jun 5, 2015 6:38am
Quoting elbert3
{quote} mmmmm not sure how to take that ,,where is is going ?? regards
The chart simply reminded me of tic tac toe.

In my view price doesn't have the momentum to break down just yet. Expect a final move for 1.55 where I'll be shorting. In the meantime I'd like to long but imminent NFP data means I'm not doing anything. Week has been good and don't want to ruin it with stupid gut trades...
  • #416,212
  • Jun 5, 2015 7:06am Jun 5, 2015 7:06am
I see it this way

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  • #416,213
  • Jun 5, 2015 7:09am Jun 5, 2015 7:09am
Quoting nobbie
I see it this way {image}
if very bad data from the US than 200 thousand NFP - all over 200 thousand neutral data
  • #416,214
  • Jun 5, 2015 7:24am Jun 5, 2015 7:24am
Quoting alexpi
{quote} The chart simply reminded me of tic tac toe. In my view price doesn't have the momentum to break down just yet. Expect a final move for 1.55 where I'll be shorting. In the meantime I'd like to long but imminent NFP data means I'm not doing anything. Week has been good and don't want to ruin it with stupid gut trades...
yes best trade is no trade or trade any big move back , find a s/r line and buy or sell of it ??
  • #416,215
  • Jun 5, 2015 7:34am Jun 5, 2015 7:34am
http://www.fxstreet.com/analysis/ein...2015/06/05/04/ reading and if it helps email from my broker this morning
GBPUSD and EURGBP

UBS: ‘Sterling performance over the coming quarter will hinge on Britain's cyclical performance relative to peers. Policy expectations will be steered accordingly, and the Bank of England will need to take care in tightening policy against the backdrop of what Governor Carney calls 'persistent external deflationary forces' generated by the exchange rate.’

Commerzbank: ‘The MPC can’t do anything since inflation is so low, growth figures aren’t picking up and the international environment isn’t as strong as it once was.’

LCG: ‘GBPUSD remains range bound as the BoE maintained the status quo as widely expected. Trend and momentum indicators favour a deeper downside correction. Technicals are subject to event risk (NFPs) before the weekly closing bell. Solid resistance seen pre-200DMA (1.5516).’

GBPUSD
Market price 1.5336
Bearish below 1.5405
Preferred case: bearish with resistance at 1.5405, drop expected to 1.5275, max 1.5190.
Alternative case: if 1.5405 surpassed, rise to 1.5450, mid-term resistance.
  • #416,216
  • Jun 5, 2015 7:39am Jun 5, 2015 7:39am
bye bye bulls EUR USD GBP USD
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  • #416,217
  • Jun 5, 2015 7:54am Jun 5, 2015 7:54am
watch 5204 area for a long to 5315???
  • #416,218
  • Jun 5, 2015 8:04am Jun 5, 2015 8:04am
Quoting elbert3
watch 5204 area for a long to 5315???
Watching a similar level/zone for long.
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  • #416,219
  • Jun 5, 2015 8:05am Jun 5, 2015 8:05am
The NFP is a tricky one, while the headline is superb, the unemployment rate to 5.5% might lead to some Fed chap come out and say: "we have to wait for unemployment to drop below xxx level before raising rates blah blah blah".

Yellen never mention NPF headline number but she mention the unemployment rate.

Who knows. Not a trading bias but just a different perspective.
  • #416,220
  • Edited 9:14am Jun 5, 2015 8:09am | Edited 9:14am
Quoting elbert3
{quote} yes best trade is no trade or trade any big move back , find a s/r line and buy or sell of it ??
Wait for the dust to settle, even with NFP support it couldn't break 1.52179 convincingly so upmove can still happen, especially given how strong USD has been until now. Simply because most people would be selling here MMs might want to kill some bear trades.

If it breaks down - esp. with a 4H close under 1.52 - I'll look to short around 1.528 because of Weekly 20EMA. If that fails back to drawing board

If it doesn't I'll be looking to buy on monday when we have some more history to work with.

Now it's just a great time to get caught in the whiplash. Could work and make a lot of money in 5 minutes, could miss and lose a lot of money in 5 minutes. Not an interesting game to play - and it's literally just a game if you trade here. Just my opinion of course
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