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Cable Update (GBPUSD)

  • #91,421
  • Oct 13, 2008 2:17pm Oct 13, 2008 2:17pm
Quoting peulthai
well done!

I have enjoy your analyses taking advantage of it when i can.

How down do you think it will go before going up?
Can't tell.I usualy just follow indicators.I hope to see 50 or 61 fib.We will see new daily candle on opening what will tell.

But 100 pips would be nice.But that would be to much in one day to make 650 pips.Last week a made 802 pips on for 5 days on that fall to 7500 when the price was above 1800.If make 600 pips in a day i am getting better and better.But have to be carefull greedy kills accounts

This trade was with no confrm.Just played on 1st look.I feel i can do that with todays pips.If works ok if not i am posiyive very much again.

As for up might never go up before we see 1.400.We will see.Ii was thinking it will come to 7600 today but not.That is why i don't like to tell targets.Just directions.On tonight opening i new we will have positive daily candle.Just how much i didn't know.it would be good not to go below 61 fib because we are in trend then.If go below we need to find new way or we are in range.
  • #91,422
  • Oct 13, 2008 2:19pm Oct 13, 2008 2:19pm
Quoting nAVIN2007
either my computer froze or price isnt moving...
Some times some brokers don't have price change for some time.73 -75 moving.Sitting on that 50 ema.Maybe we need NINJAS to move it in any direction.Cowboys are on break.
  • #91,423
  • Oct 13, 2008 2:20pm Oct 13, 2008 2:20pm
Don't forget 4 hr candle have bulish momentum.Could be nothing but...
  • #91,424
  • Oct 13, 2008 2:21pm Oct 13, 2008 2:21pm
Quoting "expert"
New 1 hr candle bearish.I am short from 17280.Lwt see what will happen
ok yea, wats ur Sl and TP...or leave to run till 6500???
  • #91,425
  • Oct 13, 2008 2:22pm Oct 13, 2008 2:22pm
Quoting nAVIN2007
either my computer froze or price isnt moving...
hehehe you want to see it move??? open a GBPJPY chart
When life gives you lemons, make lemonade
  • #91,426
  • Oct 13, 2008 2:23pm Oct 13, 2008 2:23pm
Quoting Infinity
I wish health and strength for your grandmother..

........that is all I ask for as well.
  • #91,427
  • Oct 13, 2008 2:27pm Oct 13, 2008 2:27pm
Quoting nAVIN2007
We will pray for her good health and speedy recovery bro...

speedy is indeed correct.......time is of the essense..........thanks bro!
  • #91,428
  • Oct 13, 2008 2:27pm Oct 13, 2008 2:27pm
Quoting fx local
same here my friend...


  • #91,429
  • Oct 13, 2008 2:33pm Oct 13, 2008 2:33pm
Quoting albashir
ok yea, wats ur Sl and TP...or leave to run till 6500???
just sculp.When my 1 hr and 4 hr are opsit then sculp.First 1hr direction and then 4 hr takes job.When mixed signals usualy no trade or 20-30 pips maximum SL no metter how big account is.I have indi for SL but never put SL.I close manualy because sometimes thear is spike and hit SL for 1 or 2 pips.

And very important always wait for candle to close before take action.No trade if candle break 50 ema and not closed.Because when closed in may not break and take oposit direction.

New dailyy will be important for me.
  • #91,430
  • Oct 13, 2008 2:42pm Oct 13, 2008 2:42pm
Quoting eohater
My shorts are closed out. It's about time for her to turn around and go back to the day's recent high. We are having problems breaking through the 15m 50 ema. She closed down on one candle then the next candle closed above it. She could be going back up! I'm not calling this nor am I trading it. I'm happy with my pips for the day.
I hope someone paid attention to this and made some money. I did not take the trade myself, but wish I would have.
Just digging in the trenches like everyone else!
  • #91,431
  • Oct 13, 2008 2:43pm Oct 13, 2008 2:43pm
Quoting eohater
Patience!

Volume is low still from lunch and it's about to pick back up. I would expect it to come back down to the 15m 50, fail to close and shoot back up. I could be wrong and mind you I'm not holding a position right now.
You said it..
Patience + Discipline - Greed = Success
  • #91,432
  • Oct 13, 2008 2:44pm Oct 13, 2008 2:44pm
Quoting eohater
I hope someone paid attention to this and made some money. I did not take the trade myself, but wish I would have.

I did, I did!!! You are the best!!
  • #91,433
  • Oct 13, 2008 2:47pm Oct 13, 2008 2:47pm
Quoting eohater
I hope someone paid attention to this and made some money. I did not take the trade myself, but wish I would have.
hey eohater you were right. I didn't trade it but was looking out for it, i will trade it tomorrow I think. Cheers mate, looking forward to your chart.
please DON'T copy my trades I am still learning
  • #91,434
  • Oct 13, 2008 2:50pm Oct 13, 2008 2:50pm
hi

if cable broke 55 EMA in 4h chart ... there is a big up mpvement
  • #91,435
  • Oct 13, 2008 2:51pm Oct 13, 2008 2:51pm
Quoting micho
cause she is high and ready to fly

possible first target 1.7545
main resistance 1.7503

that doesnt mean that we will go there today or tomorrow... but it will itch to reach there :nerd:
hold on to your seat belts
When life gives you lemons, make lemonade
  • #91,436
  • Oct 13, 2008 2:53pm Oct 13, 2008 2:53pm
Quoting micho
hold on to your seat belts

Wait, whaaat? It already touched the 50 EMA on 4H chart, is there more?

Am confused with 55EMA ad 50 EMA. I suppose he meant 50

  • #91,437
  • Oct 13, 2008 2:57pm Oct 13, 2008 2:57pm
Quoting eohater
I hope someone paid attention to this and made some money. I did not take the trade myself, but wish I would have.
By the way I traded twice off the 62ema 1HR today and only got out with +2 pips cos I set the stop at BE +1 and didn't take the profit when it hit the 10 sma
please DON'T copy my trades I am still learning
  • #91,438
  • Oct 13, 2008 2:58pm Oct 13, 2008 2:58pm
Quoting PipGal
Wait, whaaat? It already touched the 50 EMA on 4H chart, is there more?

yeah of course..... we are in an up trend now on the hourly... and 4h rsi turning above 50... so you got target one 1.7545... with alot of resistances along the way there mainly at 1.7438 (100% of today), 1.7395(0% of the last hourly trend days ago), 1.7505 (the hardest, 38% retracement of the last daily trend)
When life gives you lemons, make lemonade
  • #91,439
  • Oct 13, 2008 3:00pm Oct 13, 2008 3:00pm
maybe its good to buy retracements now with stop loss below 61% but.... since the overall daily trend is down... i will not do it cause i playing big lots
When life gives you lemons, make lemonade
  • #91,440
  • Oct 13, 2008 3:00pm Oct 13, 2008 3:00pm
Quoting micho
yeah of course..... we are in an up trend now on the hourly... and 4h rsi turning above 50... so you got target one 1.7545... with alot of resistances along the way there mainly at 1.7438 (100% of today), 1.7395(0% of the last hourly trend days ago), 1.7505 (the hardest, 38% retracement of the last daily trend)

Well, I do see the uptrend on hourly, but I also see that the first candle touched the EMA 50 on 4H but the second candle is in the red, and failed to close above it.
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