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Cable Update (GBPUSD)

  • #35,681
  • Oct 16, 2007 10:30am Oct 16, 2007 10:30am
I tell you this. This 4150 support in euro is so damn strong, that I'm going to short a FREAKING STANDARD at 4140 SL -10pips when the time comes.
  • #35,682
  • Oct 16, 2007 10:31am Oct 16, 2007 10:31am
Scrat, I just wanted to say good call last nite. You said it right from the spot. I ended up making pips as I was long from earlier, but I didn't catch it fall out of the channel for a little while so only got half the profit I would have. Profit is better than no profit however. I still think we could head back upwards, just as you said too. This may just be a correction, but I'll wait for the daily candle to open any more positions now.
I dream, therefore I become.
  • #35,683
  • Oct 16, 2007 10:37am Oct 16, 2007 10:37am
thanks!
as for the next move, i just said - it's going up, above 2.0437. run a fibo to find a better target.
after that... i believe it's going deep down, but... we'll see.

Quoting mike w
Scrat, I just wanted to say good call last nite. You said it right from the spot. I ended up making pips as I was long from earlier, but I didn't catch it fall out of the channel for a little while so only got half the profit I would have. Profit is better than no profit however. I still think we could head back upwards, just as you said too. This may just be a correction, but I'll wait for the daily candle to open any more positions now.
Nihil Sine Deo.
  • #35,684
  • Oct 16, 2007 10:45am Oct 16, 2007 10:45am
And the sleep has installed on all pairs, on GU i think i go long, doesn't seem to have the power to go down trough 2,03. Still waiting for somekind of signal or a strong bull movement.
Risk Less in the next transaction after a Win.
  • #35,685
  • Oct 16, 2007 10:53am Oct 16, 2007 10:53am
Stochastic 5-2-2 and 2 x RSI 6-14(1h) all show me buy signal and 2,03 wasn't broken you guys disagree ?
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Risk Less in the next transaction after a Win.
  • #35,686
  • Oct 16, 2007 10:53am Oct 16, 2007 10:53am
im long since 2.0305

entry 2.0305
sl 2.0285
tp 2.0400

im trying to get on the train tonite...

last nite i had a good trade

shorting 2.0415

this morning i took profit at 2.0325
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #35,687
  • Oct 16, 2007 10:56am Oct 16, 2007 10:56am
In my view, 0300 is a sell. It is the trigger of the current bearish flag + weak CPI + Minutes coming, room to 0250 trendline. All lining up.

But surely not to trade in anticipation.
  • #35,688
  • Oct 16, 2007 10:57am Oct 16, 2007 10:57am
Quoting bullrock
But I could not resist and long again....
I'm on the same boat
Trade what you see, not what you think.
  • #35,689
  • Oct 16, 2007 11:12am Oct 16, 2007 11:12am
Quoting bullrock
Oh yeah, you reminded me. Hungry rats in your face and bamboo in your ass deep in China....
Only time will prove who gets such treatment there in China :-)
Hello World!
  • #35,690
  • Oct 16, 2007 11:13am Oct 16, 2007 11:13am
long looks very delicious right now both on gbp/usd n eur/usd ....i might be wrong but im got longs already stationed on both pairs.....if i get kicked in the nuts by both pairs...suck it up and carry on....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #35,691
  • Oct 16, 2007 11:54am Oct 16, 2007 11:54am
Would be right for me to say that on Daily and Weekly and up flag is forming and right about now a long candle will form ?
Risk Less in the next transaction after a Win.
  • #35,692
  • Oct 16, 2007 11:56am Oct 16, 2007 11:56am
Quoting madalin
Would be right for me to say that on Daily and Weekly and up flag is forming and right about now a long candle will form ?
yes, i see a flag.. maybe suggestive of continuation of the uptrend.
  • #35,693
  • Oct 16, 2007 12:04pm Oct 16, 2007 12:04pm
I hate this situations, figures showing a up movement while CPI and indicators tell about down movement, hate it hate it hate it. So i will be patient for a little longer may i see something.
Risk Less in the next transaction after a Win.
  • #35,694
  • Oct 16, 2007 12:06pm Oct 16, 2007 12:06pm
Quoting madalin
Would be right for me to say that on Daily and Weekly and up flag is forming and right about now a long candle will form ?
maybe. but what i say on hourly chart,it might go sideway to 20240
f** how? Sick, dont want to touch cable for 3-4 hours
watching closly
  • #35,695
  • Oct 16, 2007 12:11pm Oct 16, 2007 12:11pm
Quoting madalin
Would be right for me to say that on Daily and Weekly and up flag is forming and right about now a long candle will form ?
Yes.

And if it is triggered, the target is 600 pips from the bottom of the flag (measured as 100% continuation from 1.9878 - 2.0492).

Right now, bottom is 2.0245 +600 pips = 2.0845

Denied if breach of the lower trendline, though. Possibly tomora LOL....
  • #35,696
  • Oct 16, 2007 12:19pm Oct 16, 2007 12:19pm
Quoting ClockTrader
Only time will prove who gets such treatment there in China :-)
I've gone mad CT. After my excel sheets decided to crash, loosing a lot of calculations, and run into other limitations (circular references) I have been coding all day my strategies in C++....
.
  • #35,697
  • Oct 16, 2007 12:29pm Oct 16, 2007 12:29pm
Quoting madalin
I hate this situations, figures showing a up movement while CPI and indicators tell about down movement, hate it hate it hate it. So i will be patient for a little longer may i see something.
best stay out till a good setup comes. I always stay out if i have doubts about a setup
  • #35,698
  • Oct 16, 2007 12:40pm Oct 16, 2007 12:40pm
I have never doubts.. long gu long..
.
  • #35,699
  • Oct 16, 2007 12:40pm Oct 16, 2007 12:40pm
Yes Peter i will go watch heroes last episode, in the meantime maybe something moves in any direction it wants just move cause is booring(i prefer up in a flag ) in the mean time if you guys aren't making probabilities a small triangle is forming on UC , seen from h1 and h4, for me usually triangles are free pips if the confirmation is done right.

If your not interested happy "scanning" on the market, i'll go watch heroes, back in 40 min or so.
Risk Less in the next transaction after a Win.
  • #35,700
  • Oct 16, 2007 1:48pm Oct 16, 2007 1:48pm
Quoting bullrock
I've gone mad CT. After my excel sheets decided to crash, loosing a lot of calculations, and run into other limitations (circular references) I have been coding all day my strategies in C++....
But how will you use them with metatrader..etc?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
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