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Cable Update (GBPUSD)

  • #36,881
  • Oct 23, 2007 1:53am Oct 23, 2007 1:53am
Quoting karmostaji
not
it was a good 20 pip scalp though, closed it...:
  • #36,882
  • Oct 23, 2007 2:06am Oct 23, 2007 2:06am
Quoting karmostaji
not
....why not?
  • #36,883
  • Oct 23, 2007 2:12am Oct 23, 2007 2:12am
Quoting 30pips
....why not?
I'm no expert in GU, but looking at the chart.. it has just retraced a bit from it's fall yesterday and it should resume downtrend. I could be wrong, so trade what YOU see.
Trade what you see, not what you think.
  • #36,884
  • Oct 23, 2007 2:16am Oct 23, 2007 2:16am
Hmm, does anyone see a flag on 4h ? kind of receiving selling signals
Risk Less in the next transaction after a Win.
  • #36,885
  • Oct 23, 2007 2:25am Oct 23, 2007 2:25am
Quoting kenari05
i profit 600pips + yesterday....GJ GU EU.. Thank God
Good to hear that.
"Invest With The Insiders, Not The Masses" George Muzea
  • #36,886
  • Oct 23, 2007 2:26am Oct 23, 2007 2:26am
Ok so what do u say if GU makes this sh*t =)) ? Why see flag on 4h 200 pips down of the flag is exactly what i draq and is trend stop line on the left
=))
Attached Image (click to enlarge)
Click to Enlarge Name: uiteooo.gif Size: 45 KB
Risk Less in the next transaction after a Win.
  • #36,887
  • Oct 23, 2007 2:27am Oct 23, 2007 2:27am
Quoting karmostaji
I'm no expert in GU, but looking at the chart.. it has just retraced a bit from it's fall yesterday and it should resume downtrend. I could be wrong, so trade what YOU see.
Im w/u,... Short 2.0370 sl 2.0390,....
tp open as of now,...
  • #36,888
  • Oct 23, 2007 2:55am Oct 23, 2007 2:55am
....long cable still very strong ,i believe that pullback was just profit taking and finding good price entry,hope to see 0420 an above today!
  • #36,889
  • Oct 23, 2007 3:13am Oct 23, 2007 3:13am
Quoting madalin
Hmm, does anyone see a flag on 4h ? kind of receiving selling signals
I see it. In euro, too. Both of them stopped at their 50ema in the H4.

But I think a good entry would be at 0330 as confirmation coz this sob can just pop to the upside, why not?:
  • #36,890
  • Oct 23, 2007 3:24am Oct 23, 2007 3:24am
Quoting cesarnc
I see it. In euro, too. Both of them stopped at their 50ema in the H4.

But I think a good entry would be at 0330 as confirmation coz this sob can just pop to the upside, why not?:
i have to agree, longs or in play.
If I Go Broke Trying Then I Will die happy.
  • #36,891
  • Oct 23, 2007 3:28am Oct 23, 2007 3:28am
I don't know about that but i'm gonna wait for 2.0450 s to close my long.
Probably sell after that but you never know.
  • #36,892
  • Oct 23, 2007 3:32am Oct 23, 2007 3:32am
i will hold out for the rest of the week to see if we can get a strong trend and to see if we can break 300-500 range.
If I Go Broke Trying Then I Will die happy.
  • #36,893
  • Oct 23, 2007 4:00am Oct 23, 2007 4:00am
Quoting Moe
i will hold out for the rest of the week to see if we can get a strong trend and to see if we can break 300-500 range.
me too.. cable just cannot find any clear direction at the moment. Unless the carry trades unwind, It might break to the upside. Have to wait and see :-)
  • #36,894
  • Oct 23, 2007 4:01am Oct 23, 2007 4:01am
Quoting karmostaji
I'm no expert in GU, but looking at the chart.. it has just retraced a bit from it's fall yesterday and it should resume downtrend. I could be wrong, so trade what YOU see.
Yes. Agreed. Shorting very soon as very clear fib levels approach. Note that this is a london session and I live in the NY session zone, so I might risk a blind trade here and go to bed. Good luck guys. Wake me up if we lose
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #36,895
  • Oct 23, 2007 4:07am Oct 23, 2007 4:07am
Quoting Moe
i will hold out for the rest of the week to see if we can get a strong trend and to see if we can break 300-500 range.

yes i agree anything is possible at the moment with the volatility of global financial markets it's best to play it safe until a true trend reveals itself.
  • #36,896
  • Oct 23, 2007 4:08am Oct 23, 2007 4:08am
I really bored.
Wait, let me try something.
Attached Image

  • #36,897
  • Oct 23, 2007 4:11am Oct 23, 2007 4:11am
Quoting letitride
yes i agree anything is possible at the moment with the volatility of global financial markets it's best to play it safe until a true trend reveals itself.
i never trade just to be trading.
If I Go Broke Trying Then I Will die happy.
  • #36,898
  • Oct 23, 2007 4:12am Oct 23, 2007 4:12am
Quoting Moe
i never trade just to be trading.
Me neither. I did at first, thankfully I was only demo at the time!
  • #36,899
  • Oct 23, 2007 4:19am Oct 23, 2007 4:19am
Quoting Moe
i never trade just to be trading.

yes it took me over 6mths to get my head around that one principle.(slow learner). Taking a step back in time frame has worked wonders.
  • #36,900
  • Oct 23, 2007 4:19am Oct 23, 2007 4:19am
some of the boys yesterday went long a little to early and got burnt, right idea bad entry.
If I Go Broke Trying Then I Will die happy.
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