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jack.canadia replied May 14, 2009English is preferred in here.
Sorry bro I don't know what any of that is.Cable Update (GBPUSD)
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jack.canadia replied May 14, 2009Obvious support/resistance and a 50% level. The overlap makes it significant and price tried twice to get by it. It could go higher, it could not. Time and price will tell.
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jack.canadia replied May 14, 2009Market has shown 5210 to be the hurdle. 50% retracement is there as well.
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jack.canadia replied May 14, 2009Cleaning .. no. lol Took 60 overnight, not bad. More like, dusting haha. Would love to see this reversal play out. It's due! How've you been? And congrats!

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jack.canadia replied May 14, 2009Oh, Im not saying you are wrong. Excellent trade from 5090. This pair could re-test 5350 before falling for all I care. But I will try to hack away at it along the way at significant levels (like 5200) with tight stops. Losing 15-20 pips here and ...
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jack.canadia replied May 14, 2009Here was the DOW I was talking about. I like this since I want to buy Citigroup! And when the DOW hit the trendline, GBP/USD hit the 23.6 from wayy up at 2.11 and also resistance at 5350. Couple that with MACD bearish divergence on hourly and ...
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jack.canadia replied May 14, 2009Dont trust the 15 minute timeframe to catch you massive amounts of pips.
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jack.canadia replied May 14, 2009I really do think this rally is due for a correction. The DOW has met up with a large trendline and I dont see any reasons in the near future for equities to rally anymore, unless someone starts praising the global economy again. And with MACD ...
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jack.canadia replied May 14, 2009Make sure to use a stop. 52 looks pretty tough but if it gives out I wouldnt doubt a run to 5250.
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jack.canadia replied May 14, 2009And thats not saying every spike is like this, but alot of them can be.
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jack.canadia replied May 14, 2009Wow spikes all around lol Ya from 5195, stop at 5210. Not willing to risk more as the trend from this level has no clearly defined itself.
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jack.canadia replied May 14, 2009Price just spiked up like 50 pips. Why would you go long after that occurred? Alot of this un-explained spikes are fakeouts by the large, smart money to make us think about long while they start to go short. I will only go long if 5200 breaks and ...
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jack.canadia replied May 14, 2009And if she breaks below 5060, target is 4960. Higher would be targets mentioned above.
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jack.canadia replied May 14, 2009You have guys long from sub 5100 and some of us looking to short. I just hope you arent trading real money so you dont end up losing from listening to one of the sides.
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jack.canadia replied May 14, 2009If price goes back down to 5145, why would you short there? You are selling, after selling has taken place. If you want to short, you're better off trying a short now in the 90's with a stop just above 5110. Im in at 5195, stop 15 pips away.
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jack.canadia replied May 14, 2009You mean short now if price goes back to 5145?
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