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Thread: GBP.USD

  1. #221
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    Hi Arco,
    Yes i jumped on the trend last night in at 8774 and out 8860, took half profit and left a traling stop but was to stingy with trailing stop
    so of available 310 have taken 168 pip so far.

    cheers cadet roddy

  2. #222
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    Hi all

    GBP looking a little toppy with 2 Doji eod any thoughts on a possible short as it has just dropped below 1.9000 levels

    cheers cadet

  3. #223
    action-reaction arco's Avatar
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    Hi Roddy

    Certainly looks a bit black if the EOD stays as it is now. However, that will require a check of the final print tomorrow AM for confirmation. I will be considering longer term trades at that point.

    Other than that I had a short term scalping signal @ 8990 which was good for circa 48 pips............

    regards - arco





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  4. #224
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    Hi Arco
    o- kay will await tomorrows print.

    great trading on the scalp and cheeky trade(kiwi),any thoughts of moving to Havelock,
    where yourself and xerof could expand the butterfly farm while exchanging vintages!

    cheers cadet roddy

  5. #225
    action-reaction arco's Avatar
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    Theres an area of possible Gann support circa 8541-8555

    May be worth watching for a possible reversal pattern
    around that level.

    regards - arco



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  6. #226
    action-reaction arco's Avatar
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    I mentioned this possibility on the 11th

    Gann calcs working well again, although it took awhile to build up the base for an explosive move north overnight

    +95 (Averaged)

    GTA - arco



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  7. #227
    action-reaction arco's Avatar
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    Closed 50% off last night at +170,
    balance currently +144

    U.K. Third-Quarter Expansion Was Faster Than Expected (Bloomberg)

    ``Manufacturing and industrial production have bounced a bit and services are reasonably buoyant as well,'' said Robin Marshall, an economist at Smith and Williamson Investment Management, which has assets of about $15 billion. ``The rate increase in November is a done deal.''


    Bit late mate........the charts told us well prior to your announcment

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  8. #228
    action-reaction arco's Avatar
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    Morning All

    Last nights long entry (mentioned on the EUR thread)just
    missed my 50 pip target by 5 pips as I slept blissfully unaware [V],

    - however, still showing +21 at the moment.

    regards - arco





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  9. #229
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    Eur/Gbp slipped overnite so yours definitely was the better option. However I am still hanging in on the Eur Long

    This was how I calculated my fibs I referred to y'day

  10. #230
    action-reaction arco's Avatar
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    Daily FX
    British Pound: Strong Gains after BoE Contemplates 25 or 50
    Wednesday May 23, 5:34 pm ET
    By Kathy Lien, Chief Strategist strategist@dailyfx.com

    The British pound is the story of the day as hawkish minutes from the latest monetary policy meeting spurs across the board gains in the currency pair. Given the recent weakness in UK economic data, the market had anticipated tepid comments from the central bank. The general belief was that the Bank of England did not want to do anything that would take the country?s exchange rate beyond 2.0. However instead of contemplating a 25bp hike versus no hike, the central bank actually debated 25 versus 50. Even though the members voted unanimously in favor of a quarter point hike, the fact that they were considering more versus less was enough to bring some bulls back into the market. More specifically, the BoE said that there is a "high probability of another rise later in the year." The last part of this statement suggests that June may be too early to expect another move, especially given the recent pieces of economic data. Therefore even though we could see further pound strength, the rally could be limited.
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