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Cable Update (GBPUSD)

  • #425,521
  • Mar 1, 2016 1:49am Mar 1, 2016 1:49am
Quoting Dr.Zain
GBP rallying before PMI,,,looks PMI goinn to be positive!!!
Two hours ahead? They usually do this 15~30 minutes before. There is something else.
  • #425,522
  • Mar 1, 2016 1:53am Mar 1, 2016 1:53am
Quoting nixdem
{quote} Two hours ahead? They usually do this 15~30 minutes before. There is something else.
This is all pushing on poor China manufacturing data banking on central banks interventions, what a load of crap anyway. I'll watch from the sidelines with the finger on the button to short this mofo.
Don't get mad, get even!
  • #425,523
  • Mar 1, 2016 1:55am Mar 1, 2016 1:55am
Right there for a very biased reason.
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Don't get mad, get even!
  • #425,524
  • Mar 1, 2016 2:18am Mar 1, 2016 2:18am
Attached Image (click to enlarge)
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Ok, it didn't hold in channel. I guess it's good to short it now till 1.388 at least.
  • #425,525
  • Mar 1, 2016 2:22am Mar 1, 2016 2:22am
I have a sell limit at 1.4 maybe this order won't be filled looking at current price
Letting losses run is the most serious mistake made by most investors.
  • #425,526
  • Mar 1, 2016 2:24am Mar 1, 2016 2:24am
Quoting amonshi
I have a sell limit at 1.4 maybe this order won't be filled looking at current price
Everything is possible. GU is a beast.
  • #425,527
  • Mar 1, 2016 2:25am Mar 1, 2016 2:25am
she is taking their selling orders i guess...
  • #425,528
  • Mar 1, 2016 2:57am Mar 1, 2016 2:57am
i am short on [email protected] stop loss 1.3980
  • #425,529
  • Mar 1, 2016 3:21am Mar 1, 2016 3:21am
Quoting Ill-b-back
{quote} You're right about that. 1.4 might get hit this week before more down towards 1.36. {image} {image}
I would say up to the 10-day moving average @ 1.4035 and near a daily spike of the 26.02 @ 1.4042.
  • #425,530
  • Mar 1, 2016 3:22am Mar 1, 2016 3:22am
H1 view
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persistence and determination alone are omnipotent
  • #425,531
  • Mar 1, 2016 3:44am Mar 1, 2016 3:44am
Despite of the bad news, GBP seems to want to go up! Seems like everyone wants a correction after the long downhill-ride...
  • #425,532
  • Mar 1, 2016 3:48am Mar 1, 2016 3:48am
I also love this monthly on the 1.March 2016 and this bottom waving from 15 years ago.
Attached Image (click to enlarge)
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  • #425,533
  • Mar 1, 2016 3:50am Mar 1, 2016 3:50am
Quoting geektrader
Despite of the bad news, GBP seems to want to go up! Seems like everyone wants a correction after the long downhill-ride...
Might be that they are planning to take it lower later on with New York.

15:00 USD ISM Manufacturing PMI
  • #425,534
  • Mar 1, 2016 4:23am Mar 1, 2016 4:23am
Quoting nixdem
{image} Ok, it didn't hold in channel. I guess it's good to short it now till 1.388 at least.
ooops
  • #425,535
  • Mar 1, 2016 4:31am Mar 1, 2016 4:31am
Quoting nixdem
{quote} ooops
Remeber that scene from the Matrix with that little boy telling Neo that there is no spoon?

There are no channels.
Don't get mad, get even!
  • #425,536
  • Mar 1, 2016 5:02am Mar 1, 2016 5:02am
Looking to short tomorrow on pound dollar - doubt before then, even on a retracement
  • #425,537
  • Mar 1, 2016 5:06am Mar 1, 2016 5:06am
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  • #425,538
  • Mar 1, 2016 5:10am Mar 1, 2016 5:10am
Quoting dean1star
Looking to short tomorrow on pound dollar - doubt before then, even on a retracement
Or maybe we can short now with SL at Friday's high
Letting losses run is the most serious mistake made by most investors.
  • #425,539
  • Mar 1, 2016 5:15am Mar 1, 2016 5:15am
Quoting amonshi
{quote} Or maybe we can short now with SL at Friday's high
For sure just depends on your target and the play - personally below 139 700 if i have a short signal - could be later today but thats my take at the earliest
  • #425,540
  • Mar 1, 2016 5:16am Mar 1, 2016 5:16am
Quoting amonshi
{quote} Or maybe we can short now with SL at Friday's high
Certainly in with you 1.4010 SL BE see if Europe is done with pushing. Fairly confident with a very bearish US session tonight.
Don't get mad, get even!
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