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Cable Update (GBPUSD)

  • #78,361
  • Jul 28, 2008 11:02pm Jul 28, 2008 11:02pm
Quoting tokwanden
I would prefer wait for next candle to open and enter my trade manually as I can see how the price is react. If I'm not confident with that set up I,ll stay aside and wait for another good entry.
Good call! Personally, I'm waiting to enter.
Just digging in the trenches like everyone else!
  • #78,362
  • Jul 28, 2008 11:05pm Jul 28, 2008 11:05pm
Quoting Pennypacker
what could possibly push this pair higher? does anyone expect good news to be released?
I don't worry about the news. There will be heavy traffic around 1.987x, 1.984x and an truck load full around 1.977x
Just digging in the trenches like everyone else!
  • #78,363
  • Jul 28, 2008 11:05pm Jul 28, 2008 11:05pm
Quoting Infinity
I am flat because the daily closed bullish and the 4h looks bearish.... I will wait for a direction to be established. A buy opportunity may be at 9850 but price action will lead the way later on.... I shall wait...
That's right. Maybe i'm long later at 1.9880 (daily support)
"Invest With The Insiders, Not The Masses" George Muzea
  • #78,364
  • Jul 28, 2008 11:09pm Jul 28, 2008 11:09pm
So at the moment i short gbpusd and long eurusd.
"Invest With The Insiders, Not The Masses" George Muzea
  • #78,365
  • Jul 28, 2008 11:10pm Jul 28, 2008 11:10pm
Quoting eohater
I don't worry about the news. There will be heavy traffic around 1.987x, 1.984x and an truck load full around 1.977x
Same to me bro. I dont bother much about NEWS. IMVHO the PA itself is a result of and impaction from the news.
Go figure.. Simplicity work
  • #78,366
  • Jul 28, 2008 11:13pm Jul 28, 2008 11:13pm
Hi Guys........ Holding short at 1.9942. Lets see
  • #78,367
  • Jul 28, 2008 11:22pm Jul 28, 2008 11:22pm
Quoting Qu|cksilver
So at the moment i short gbpusd and long eurusd.
Long euro/usd as well, i will buy cable if it falls to 1.9910 with stops at 1.9880
  • #78,368
  • Jul 28, 2008 11:27pm Jul 28, 2008 11:27pm
Quoting MackS10
Long euro/usd as well, i will buy cable if it falls to 1.9910 with stops at 1.9880
short gbp/jpy too
"Invest With The Insiders, Not The Masses" George Muzea
  • #78,369
  • Jul 28, 2008 11:43pm Jul 28, 2008 11:43pm
i will wait until clear conformation either to go short or long











still keep learning x 1000 until i found the jewels on FOREX!!!
learn to trade forex
  • #78,370
  • Jul 28, 2008 11:43pm Jul 28, 2008 11:43pm
Quoting Qu|cksilver
short gbp/jpy too
yo! old friend! How are you?
Lets do some catching up!
  • #78,371
  • Jul 28, 2008 11:47pm Jul 28, 2008 11:47pm
I've got 3 shorts open. Went ahead and close one at 1.9927 up 27 pips!
  • #78,372
  • Jul 28, 2008 11:57pm Jul 28, 2008 11:57pm
Quoting jest1081
yo! old friend! How are you?
Lets do some catching up!
Haiyaaa Jest.. long time no see
how are you my old friend? hows your trading?
"Invest With The Insiders, Not The Masses" George Muzea
  • #78,373
  • Jul 28, 2008 11:59pm Jul 28, 2008 11:59pm
Quoting Carrera
If you have one of this, well my post might be old news for you.
Cool stuff.....
  • #78,374
  • Jul 29, 2008 12:00am Jul 29, 2008 12:00am
Quoting Qu|cksilver
Haiyaaa Jest.. long time no see
how are you my old friend? hows your trading?
im fine, thank you!
Trading is as usual .

Where have you been dude!
  • #78,375
  • Jul 29, 2008 12:05am Jul 29, 2008 12:05am
Quoting Qu|cksilver
Haiyaaa Jest.. long time no see
how are you my old friend? hows your trading?
Hi, QS nice to hear from u again. Please do come in more often.
  • #78,376
  • Jul 29, 2008 12:14am Jul 29, 2008 12:14am
Hey RT
Did u get my explanation? Does it make sense to u?
  • #78,377
  • Jul 29, 2008 12:27am Jul 29, 2008 12:27am
Quoting DJ4x
Hi RT
I struggle to upload graphs so I will explain.
I have my range between 1.9650 and 2.0150
My median is roughly between 1.9905 and 1.9937.
All this based on H1
It is basically where the majority of price turn or hover somewhere in the middle of the range.
Hope this helps
Sorry I missed the page but got it now. I think I got the idea but still standing to close to the highway. This is what I drew before I read your post. My median is close to your but my range is much less 2.0010 to basically the bottom of the channel. I am going to step back a bit to see if I can slow down the traffic. BTW I am short at 9933 to the bottom of the channel hopefully 988x somewhere.
Attached Image (click to enlarge)
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  • #78,378
  • Jul 29, 2008 12:45am Jul 29, 2008 12:45am
Quoting Carrera
38% acting strong here. Japan session is kind of slow to break the 38% fibo in the chart bellow.

Let's see what happen leter on.
Possible bullish flag on 1hr, just below resistance @ ~.9948. Lets see if the price breaks out of this descending 4hr channel (possible bull flag) thru this 1hr flag.

ps. nice chart Carrera ;-)
  • #78,379
  • Jul 29, 2008 12:46am Jul 29, 2008 12:46am
Quoting Runway Trade
Sorry I missed the page but got it now. I think I got the idea but still standing to close to the highway. This is what I drew before I read your post. My median is close to your but my range is much less 2.0010 to basically the bottom of the channel. I am going to step back a bit to see if I can slow down the traffic. BTW I am short at 9933 to the bottom of the channel hopefully 988x somewhere.
That's pretty good. Remember there is no right or wrong way. It is your perception of what the market looks like at that point. Usually over 3-4 week period. Have to go to work. Chat later
  • #78,380
  • Jul 29, 2008 12:58am Jul 29, 2008 12:58am
Quoting Runway Trade
Sorry I missed the page but got it now. I think I got the idea but still standing to close to the highway. This is what I drew before I read your post. My median is close to your but my range is much less 2.0010 to basically the bottom of the channel. I am going to step back a bit to see if I can slow down the traffic. BTW I am short at 9933 to the bottom of the channel hopefully 988x somewhere.
I wouldnt short at this point. Chart is screaming long. Price is breaking out of 1hr bull flag right now and testing resistance @ ~.9948. Also this 4hr descending channel (possible bull flag) is about to break as well, so well be going up to the UTL of the ascending dayly channel. We have some obstacles in the way but sooner or later price will get there. Just make sure to buy above resistance.
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