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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

wormboy Feb 25, 2009 10:14am | Post# 123361

Just so you don't get confused, my targets are off the daily charts since I trade soley off the Daily time frame. I found that the Daily is light years easier to trade off of and the reason most fail is because of impatience and greed. This pair is still in that wedge and has just bounced off the top of that wedge. This pair is going to 1.4000 and that is my long term target.

J
Say it mate say it. Say 3600 That's where I want to go.

JammerJams Feb 25, 2009 10:15am | Post# 123362

look at that move . . .
where will it stop?
well uut ...

we seemed to have hit the bottom wedge at the 4 hr time period...
nice place..but still not convinced it is spent...

I will only take it on pending upward movement...and another thing..our pivot level is so low now..that if we finish the day at these lower spots..our rise will be that much more difficult...

Magix Feb 25, 2009 10:15am | Post# 123363

look at that move . . .
where will it stop?

And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...

Infinity Feb 25, 2009 10:18am | Post# 123364

My shorts are closed now... looking to see if 4230 area holds now.....

eohater Feb 25, 2009 10:21am | Post# 123365

My shorts are closed now... looking to see if 4230 area holds now.....
What's up brother! My soldiers are still marching southbound. I've taken profit and moved to +3. 4230 looks to be an interesting level. I think she'll hold and turn around, might only get to 424x.

nAVIN2007 Feb 25, 2009 10:21am | Post# 123366

And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...
the problem comes when u close one of the positions

JammerJams Feb 25, 2009 10:22am | Post# 123367

1 Attachment(s)
And, that's what's nice about a soft hedge...

I think the worst I have been on the GU/EU hedge is the -20..A lot worse for GJ/EJ, but max down was -50, so far have hit +20.

Currently bouncing between +8-0...
if she moves in similar fashion as between the 9th thru 13th...then...1.3878 is very realistic
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nAVIN2007 Feb 25, 2009 10:22am | Post# 123368

My shorts are closed now... looking to see if 4230 area holds now.....
good timing i feel

Magix Feb 25, 2009 10:24am | Post# 123369

the problem comes when u close one of the positions

Soft hedge close all trades at same time...not really a problem.

nAVIN2007 Feb 25, 2009 10:24am | Post# 123370

Soft hedge close all trades at same time...not really a problem.

Infinity Feb 25, 2009 10:24am | Post# 123371

What's up brother! My soldiers are still marching southbound. I've taken profit and moved to +3. 4230 looks to be an interesting level. I think she'll hold and turn around, might only get to 424x.
Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...

wormboy Feb 25, 2009 10:25am | Post# 123372

if she moves in similar fashion as between the 9th thru 13th...then...1.3878 is very realistic
Now you're talking mate

Forbes55 Feb 25, 2009 10:25am | Post# 123373

correction to the level 1.4235, after that ascending trend should be resumed

Forbes55 Feb 25, 2009 10:26am | Post# 123374

i hope u will like it????????????????/
I don't like it because you added lots every 15 pips and that's dangerous if trend changed!

eohater Feb 25, 2009 10:27am | Post# 123375

Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...
I'm looking at the hammer forming on the 15m chart for that long ride myself.

Infinity Feb 25, 2009 10:29am | Post# 123376

I'm looking at the hammer forming on the 15m chart for that long ride myself.

eohater Feb 25, 2009 10:29am | Post# 123377

Going great bro! Today has been very sweet...... I am considering a long to 4400...maybe 4450 if the 4230 area holds...
Glad you're having a good day! I've just started my battle, but the day has been good so far.

nAVIN2007 Feb 25, 2009 10:29am | Post# 123378

I don't like it because you added lots every 15 pips and that's dangerous if trend changed!
and no stop loss also the drawdown on the account is important otherwise when live the dynamics will be so different and will definately effect results

but impressive still

wormboy Feb 25, 2009 10:34am | Post# 123379

Just so you don't get confused, my targets are off the daily charts since I trade soley off the Daily time frame. I found that the Daily is light years easier to trade off of and the reason most fail is because of impatience and greed. This pair is still in that wedge and has just bounced off the top of that wedge. This pair is going to 1.4000 and that is my long term target.

J
The shooting star on the daily 2 days ago was already a warning too.

Infinity Feb 25, 2009 10:35am | Post# 123380

Glad you're having a good day! I've just started my battle, but the day has been good so far.
Thanks bro! Glad to see you're doing well yourself...


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