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#1 Feb. 20, 2012 12:19:00

guyinwheelchair
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GBP/USD

GBP/USD are around and below 1.5800, by the end of New York day (late evening), 02/20/2012. From there, there is a freefall towards 1.5500, which will be seen by 02/23/2012. There is nothing that is holding the Pound, except american holiday.

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#2 Feb. 20, 2012 18:01:00

trbedell
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GBP/USD

Hmmm. The only problem with this prediction is that the pair is trading ABOVE all moving averages and near the top bollinger band. GBP/USD looks range bound 1.5300 to 1.5900 since November 19, 2011. I would say look for a break from the range and ride the wave (Which could be long, above 1.5900)... Even then look for 400 to 500 pips.

Good Trading.


Never, Never, Never Quit.

Email: fxranger (at) gmail.com

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#3 Feb. 20, 2012 21:25:00

lionsgate
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GBP/USD

Greece is on the edge. If bondholders hold out and the deal falls apart, the EURO WILL PLUNGE, THE USD WILL RALLY AND GBP will see lower values. Sundays action in the USD/CHF (STRAIGHT DOWN) seems like cleaning house, wiping out the weak paper. My hunch is that the dollar bulls are waiting to launch another rally, NOT ARAB SPRING, BUT U.S. DOLLAR SPRING.

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#4 Feb. 20, 2012 22:16:00

trbedell
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GBP/USD

As I read it... A deal is in the making. However, it looks like Greece will still be in a position to default, even if the deal happens. I agree on EUR. Not so sure on GBP. GBP is range bound.

Good Trading.


Never, Never, Never Quit.

Email: fxranger (at) gmail.com

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#5 Feb. 20, 2012 22:29:00

trbedell
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GBP/USD

Well... a 100 pip move in EUR in 30 minutes. I guess I was (gulp) wrong. At least in the short term.

Good Trading.

[ February 20, 2012, 10:31 PM: Message edited by: FXRanger ]


Never, Never, Never Quit.

Email: fxranger (at) gmail.com

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#6 Feb. 21, 2012 01:16:00

marcusvox2
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GBP/USD

quote:
Originally posted by FXRanger:
Well... a 100 pip move in EUR in 30 minutes. I guess I was (gulp) wrong. At least in the short term.

Good Trading.

And good trading to you ranger. Nice to see you still around these parts.


“That man must be an intellectual; no ordinary person could be that stupid.” Orwell

"Sometimes I wonder whether the world is run by smart people who are putting us on or by imbeciles who really mean it." Twain

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#7 Feb. 21, 2012 07:26:00

trbedell
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GBP/USD

Hello Marrcus,

I see a lot of changes (first in/first out... Kinda sucks.) I see some that never change... (Lunatics that never leave) [Wink]

Keep it real.
Ranger


Never, Never, Never Quit.

Email: fxranger (at) gmail.com

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#8 Feb. 21, 2012 07:59:00

guyinwheelchair
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GBP/USD

Hey, it's all about imagination and fun. May all of your trades be winning!

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#9 Feb. 22, 2012 12:27:00

Astone999
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GBP/USD

quote:
Originally posted by guyinwheelchair:
GBP/USD are around and below 1.5800, by the end of New York day (late evening), 02/20/2012. From there, there is a freefall towards 1.5500, which will be seen by 02/23/2012. There is nothing that is holding the Pound, except american holiday.

 -


"It never was my thinking that made the big money for me. It always was my sitting". Jesse Livermore

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#10 Feb. 22, 2012 13:12:00

lionsgate
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GBP/USD

We are born. Then we live. Then we are stopped out.

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