A cluster of stops all the way to 1.6218 on GBPUSD

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dchappy
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Postby dchappy » Fri Jun 19, 2009 3:31 pm

Great Info , Paul , Thank You

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Paul
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stops hit on eurusd

Postby Paul » Mon Jun 22, 2009 6:35 am

EURUSD took 1.3877 support area and hit stop losses. Longs on EURUSD have evaporated. Fresh long traders wiped out. Retail traders saw this as an oportunity to follow the easy way. Stops are most welcome to push the market lower. Professional money waited for newcomers and belated traders taking the opposite side. The market trapped longs above 1.3945 towards 1.4000. Next very sensitive area at 1.3803.

GBPUSD heads towards 1.6372.
Attachments
gbpusd1.gif
gbpusd1.gif (51.83 KiB) Viewed 231 times
eurusd31.gif
eurusd31.gif (53.97 KiB) Viewed 235 times

Paul
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GBPUSD has hit 1.6372

Postby Paul » Mon Jun 22, 2009 1:29 pm

GBPUSD has hit 1.6372, one of those levels that really matter. Really.

Paul
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GBPUSD surged from 1.6372 +60 pips

Postby Paul » Mon Jun 22, 2009 2:26 pm

Now you know why 1.6372 really mattered.

GBPUSD surged from 1.6372 +60 pips. The market is too fast to post everything I want.

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LONG GBPUSD @ 1.6336 and below, TP 1.6390

Postby Paul » Mon Jun 22, 2009 5:32 pm

LONG GBPUSD @ 1.6336 and below, TP 1.6390.
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gbpusd11.gif
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LONG GBPUSD @ 1.6336 closed at 1.6356 (+20pips)

Postby Paul » Mon Jun 22, 2009 6:07 pm

LONG GBPUSD @ 1.6336 closed at 1.6356 (+20pips)

Paul
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GBPUSD signaled a buy but momentum was feeble

Postby Paul » Mon Jun 22, 2009 9:06 pm

GBPUSD signaled a buy but momentum was feeble and the position was closed. We know the target of a next retracement, however.
Stops were hit below 1.6372 but suprisingly not many, perhaps because there were limit entry buy orders which stopped the selloff and they have kept prices flat for almost 6 hours. The limit entry orders may eventually run out and prices may be pushed lower with this momentum. Strongly defended lower area lies at 1.6218. On three attempts no stops were found there, only limit entry orders. It is possible stops could have been moved higher and are on the way to 1.6218, not below it and the market is nearing those stops at a steady pace now. If hit GBPUSD would need little energy to dip below 1.6218.
At the moment I see a cluster of stops of those old and these new long positions. Once triggered it is easy to predict was will happen. Looking for a new low with a contrarian trade may be very unattractive from the perspective of risk/reward ratio.

See the next chart what is beginning to happen.
Attachments
gbpusd1122.gif
gbpusd1122.gif (48.19 KiB) Viewed 181 times
gbpusd112.gif
gbpusd112.gif (22.46 KiB) Viewed 190 times

Paul
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TheRumpledOne meddles in my thread

Postby Paul » Tue Jun 23, 2009 12:27 am

TheRumpledOne meddles in my thread.
You wish this LIVE TRADES AND TRADE RECOMMENDATIONS went dead. You have deleted the important content of my thread and unabled editing the title. Are you in a conscious command of your brain? Do you happen to understand what an alert is and what modes are essential for its display?
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GBPUSD slumps

Postby Paul » Tue Jun 23, 2009 1:11 am

GBPUSD slumps further. Knowing where limit orders and stop losses hide is more than anything.
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gbpusd11223.gif
gbpusd11223.gif (47.58 KiB) Viewed 167 times

Paul
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more stops triggered on GBPUSD

Postby Paul » Tue Jun 23, 2009 8:13 am

More stops triggered on GBPUSD. The pair has touched 1.6218. All levels are equal? NO, definitely NO.
There are very serious reasons behind this fact and knowing those reasons is more important than anything else. Now you also know that the use of conditional sentences in market outlooks is to give cover for people who do the job but should be banned to.
Attachments
gbpusd112231.gif
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