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Cable Update (GBPUSD)

  • #424,941
  • Feb 22, 2016 7:52am Feb 22, 2016 7:52am
Quoting dean1star
{quote} Well funny you say that - they say his family history is Turkish ?? and his brokers in the Square mile EC2 lol ..
wow interesting the amount of information/gossip on boris flooding into this thread already let's hope his not going down as the most disliked turk in uk's history.
  • #424,942
  • Feb 22, 2016 8:06am Feb 22, 2016 8:06am
Amazing. Was busy whole day in work. I understand the move from 1.44 to 1.4270 but what caused the drop to 4056. I bet if this is not a move in despair. 4056 was uncalled for. 4082 is still doable. 4200 will stand as barrier
  • #424,943
  • Feb 22, 2016 8:21am Feb 22, 2016 8:21am
I already told you the trade hours ago, dean... Thirty five minutes after open... Judged the situation, posted that I decided not to do any longs until a hard break of 1.4145 swing low which I even posted a chart of earlier tonight.

Hard break occurred, long trade set up a little while after.
"Don't fear a bubble until it starts to burst."
  • #424,944
  • Feb 22, 2016 8:34am Feb 22, 2016 8:34am
Quoting meanvel
long trade set up a little while after.
@17:00 GMT ?
  • #424,945
  • Feb 22, 2016 8:42am Feb 22, 2016 8:42am
timing ofthe day does not allow me to take longs. London gone. I still suspect one roud of selling is left to clear bottom pickers. Tom will long
  • #424,946
  • Feb 22, 2016 9:02am Feb 22, 2016 9:02am
Quoting edyraper
{quote} 45 ish retrace wouldn't be surprise before 4037 voids if 4037 get's hit bought 4072 SL 4036 if got S/O will try at 3857 nothing else to do at these levels ...{image}
waiting for drop a bit to add around lows again
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  • #424,947
  • Feb 22, 2016 9:06am Feb 22, 2016 9:06am
Quoting giveachance
timing ofthe day does not allow me to take longs. London gone. I still suspect one roud of selling is left to clear bottom pickers. Tom will long
still one weird thing I am seeing today why is eur/gbp making new lows since past 3 hrs
  • #424,948
  • Feb 22, 2016 9:08am Feb 22, 2016 9:08am
Quoting giveachance
timing ofthe day does not allow me to take longs. London gone. I still suspect one roud of selling is left to clear bottom pickers. Tom will long
Don't be paranoid... All prices below 1.4140 were a bubble... Frenzy of shorting and weak longs puking out...
"Don't fear a bubble until it starts to burst."
  • #424,949
  • Feb 22, 2016 9:10am Feb 22, 2016 9:10am
Quoting meanvel
{quote} Don't be paranoid... All prices below 1.4140 were a bubble... Frenzy of shorting and weak longs puking out...
GBPUSD failed to form a bat pattern, as it couldn’t form PRZ and trading below 88.6% Fibonacci at 1.4145 should bring a test of 1.40 psychological followed by 1.3920.(ICN)
  • #424,950
  • Feb 22, 2016 9:10am Feb 22, 2016 9:10am
Quoting meanvel
{quote} Don't be paranoid... All prices below 1.4140 were a bubble... Frenzy of shorting and weak longs puking out...
I know I know but i need confirmation and I am slowly getting that from the crosses. I think gbp is about to jump but before that the crosses have to rise. gbp/aud needs to take out 1.97 and eur/gbp same level 7760
  • #424,951
  • Feb 22, 2016 9:19am Feb 22, 2016 9:19am
To me, below 1.4117 is temporarily out of focus for now and more retracement is to come.

Logic is, the initial fear has faded, and the Remain side is probably on a stronger side than the Leave side, with the EU deals in hand, David Cameron got more explanatory works to, however, any sensible human being should be able to see that stay is the better option than leave, at least for now, once they dig into the details. And I believe that more Britons are sufficiently educated to make that rational choice well.
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  • #424,952
  • Feb 22, 2016 9:22am Feb 22, 2016 9:22am
Quoting giveachance
{quote} I know I know but i need confirmation and I am slowly getting that from the crosses. I think gbp is about to jump but before that the crosses have to rise. gbp/aud needs to take out 1.97 and eur/gbp same level 7760
why do you suggest that ga is going to take out 1.97?
  • #424,953
  • Feb 22, 2016 9:24am Feb 22, 2016 9:24am
be careful of a possible squeeze here in this area 4140-4160
  • #424,954
  • Feb 22, 2016 9:25am Feb 22, 2016 9:25am
Quoting alayinizAMK
{quote} why do you suggest that ga is going to take out 1.97?
I have my own calculations. it may it may not but higher probability is for ga to go high.
  • #424,955
  • Feb 22, 2016 9:29am Feb 22, 2016 9:29am
This is what i could make out of the chart for now. Any opinions?
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Rookie
  • #424,956
  • Feb 22, 2016 9:53am Feb 22, 2016 9:53am
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  • #424,957
  • Feb 22, 2016 9:57am Feb 22, 2016 9:57am
wish i got my charts from home @ work. Allthough i didn 't trade gbpusd today this would have change my mind

Fibonacci what else ...
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persistence and determination alone are omnipotent
  • #424,958
  • Feb 22, 2016 10:22am Feb 22, 2016 10:22am
Quoting profx
{image}
update
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  • #424,959
  • Feb 22, 2016 10:29am Feb 22, 2016 10:29am
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  • #424,960
  • Feb 22, 2016 10:38am Feb 22, 2016 10:38am
Quoting profx
{image}{image}
s/o
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