Cesarnc's market talk, gossips, rumours & fun

Quoting pilottrader

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GBP/USD...I would have to say that I really like the chances of seeing 1.46 in the near future. We saw a perfect textbook bounce off the SMA 200 on the weekly (my red line) that coincided with a 50 retrace of the move from 1.72 to 1.4564. Over the last 4 weeks, price has been unable to move above the EMA50 (my yellow line) on the weekly. EUR/USD should have no problem now that it's in no man's land getting down to test 1.05, the low from April. It will drag the pound down with it over the next couple weeks. Of course, I could very well be wrong....

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Quoting Ill-b-back

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{quote} From a day traders perspective anything can happen Sir, catching the ups and downs as they come like you do I'm like a turtle, I get my perspective from the weekly mainly. Overall, I think more down, but could retest the broken green channel first Sir It appears the Bears have taken control of the market since retesting the red monthly channel in June {image}

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Quoting chonchy

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{quote} ...Thanks Sir. I will have to learn how to trade long term or position trading, for the looks of it, I better start soon, still stuck with the pound big time....wish me good luck to get out of it, Sir. Zizo was rite, I got cut big time on this one....

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Quoting Ill-b-back

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{quote} Very sorry to hear that Sir. I am short GU on the break. The DOW has bounced off the ascending TL Sir. I remember articles coming out saying the TL was gone and traders should short , right before a 2000 point bullish bounce Those naughty banksters Sir, they never stop with their pranks eh... Anyway, I do think we might be putting in a top here on the retest. A CLOSED bearish break of the green ascending TL and black bounce line will confirm Sir. monthly 200ema around the 50 fib region might be a good target...

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Quoting chonchy

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{quote} ...Thanks pilottrader for that nice analysis, and sorry to heard about the CAD/JPY, but at least you have a plan for it, follow it, thanks again for the nice weekend, I hope you had a good one as well.....

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Quoting Ill-b-back

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{quote} EU could bounce here Sir to re-visit 1.14 general resistance region and breakout retest. Not my currency or cup of tea but maybe useful for you Sir {image} {image}

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Quoting ZizoFX

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Good day Sir's I've been a little busy with studying for my CCNP exams lately I will update my charts later today. Still holding shorts hoping to see 1.4800

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Quoting pilottrader

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{quote} Thanks, Chonchy. Hope all is well! That pair is evil, stay away.

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Quoting chonchy

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{quote} ...Thank you Sir. I still stuck on that one as well as the pound, but making some on the way down.....you have to do some always anyways, good luck to you .....

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Quoting Ill-b-back

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looks like an ABCD thing Sirs' {image}

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Quoting chonchy

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{quote} .....Yes thanks god sir. very good chart Sir. I love it.

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Quoting Ill-b-back

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{quote} Thanks Sir, hope all is well. I thought I was chatting with Sir Pilot in THIS thread, but it was in the Cable thread. When I logged on and came in here, I thought someone had binned our discussion. I thought WTF??? Anyway, too little sleep I guess Sirs

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Quoting Ill-b-back

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Potential for bears? {image}

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Quoting pilottrader

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{quote} I think so. It hit 1.52 as we expected. Too much resistance above 1.52, with the EMA50 on the 4hour (my yellow line), 38 fib level of the move down, and trend line. It may be necessary to wait until tomorrow for anything big to happen though. {image}

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