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Cable Update (GBPUSD)

  • #95,881
  • Nov 6, 2008 2:46am Nov 6, 2008 2:46am
Quoting Infinity
I am short again from the retest of this broken tl...
that is the 4hr chart right?
please DON'T copy my trades I am still learning
  • #95,882
  • Nov 6, 2008 2:46am Nov 6, 2008 2:46am
first target 1.6003 then 1.6051 then 1.6130 only if this up trend stays alive otherwise double top and poof down
When life gives you lemons, make lemonade
  • #95,883
  • Nov 6, 2008 2:48am Nov 6, 2008 2:48am
Quoting ezmystic
that is the 4hr chart right?
yes....
the same tl is on the h1 too..
Patience + Discipline - Greed = Success
  • #95,884
  • Nov 6, 2008 3:29am Nov 6, 2008 3:29am
1 hr candle closed nice for more up for now.But we need retracment first and i am short.Profit locked.Will keep that short maybe we test 5890 area and lower.If no news today arround that i will look for nice enter on 15 chart for long but this way....Still think this will go down but indicators are still for up.That last my short not confermd so will see later.Who do i trust indicators or my thinking?Big question

Today had 1 good long.Now 2 shorts.All Lockedso safe for now
  • #95,885
  • Nov 6, 2008 3:35am Nov 6, 2008 3:35am
Stopped out for 80pips profit. She is moving very much in tandem with the FTSE at the moment so I am using that as a guage for direction at the moment.
Ride the Bulls bearback!
  • #95,886
  • Nov 6, 2008 4:10am Nov 6, 2008 4:10am
Oh i am back.I had a very good steak for eating.Uf i feel good as James Brown.Silence again on forum!
No predictions?!

My oscilator indicators showing first signs of down.Good for begining.Trend indicators are stil on up but they show signs little slower then first ones.Then again this firs ones could show false signs.But i think this going down slowly for now.We will see arround 5890 area.Important for me and my shorts and bermudas
  • #95,887
  • Nov 6, 2008 4:13am Nov 6, 2008 4:13am
The way i see ichimoku doesn't look good for short.If rate cut doesn't bring this more down then i will close all and go long as indicators shows.

Oh what a day
  • #95,888
  • Nov 6, 2008 4:16am Nov 6, 2008 4:16am
Oh yes baby give me more

Just hope this will continue to go down
  • #95,889
  • Nov 6, 2008 4:18am Nov 6, 2008 4:18am
Quoting Infinity
I am short again from the retest of this broken tl...
I closed for 65 pips.. could go much lower but I am tired and not willing to leave position open before decision while I sleep...
Patience + Discipline - Greed = Success
  • #95,890
  • Nov 6, 2008 4:30am Nov 6, 2008 4:30am
Well that candle turned so bearish it it actually dropped and closed 160 pips down in 50 mins.Mind you the rise was almost as fast.

Anyway that is a very nice candle .That candle and the 3 point 4 hr falling TL rules the immediate action .Could be a head + shoulders there somewhere.


Quoting Bones
Hi everyone this is my view.As long as price holds up for the next 50 mins.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 10 min 6-11.gif Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #95,891
  • Nov 6, 2008 4:42am Nov 6, 2008 4:42am
Quoting Bones
Well that candle turned so bearish it it actually dropped and closed 160 pips down in 50 mins.Mind you the rise was almost as fast.

Anyway that is a very nice candle .That candle and the 3 point 4 hr falling TL rules the immediate action .Could be a head + shoulders there somewhere.
nice thinking.i like it.thanks man
  • #95,892
  • Nov 6, 2008 4:44am Nov 6, 2008 4:44am
3 days ago +111
2 days go 0 pips
yesterday +110
today +21

market undecided and very dangerous today
When life gives you lemons, make lemonade
  • #95,893
  • Nov 6, 2008 4:45am Nov 6, 2008 4:45am
Hi guys....
Will the announcement of the GBP IR cut in about 1 hr time will have any considerable effect?
If so...which way ?
  • #95,894
  • Nov 6, 2008 4:46am Nov 6, 2008 4:46am
all i know is if it's more than 0.5%, then GBP will go down...
CMIIW
Money management is good for your health...
  • #95,895
  • Nov 6, 2008 4:48am Nov 6, 2008 4:48am
Quoting gagakrimba
Hi guys....
Will the announcement of the GBP IR cut in about 1 hr time will have any considerable effect?
If so...which way ?
might go either ways... it might fly up and it might fly down... stand aside i guess wait for the action and trade the reaction after few hours from the news
When life gives you lemons, make lemonade
  • #95,896
  • Nov 6, 2008 4:50am Nov 6, 2008 4:50am
wonder if i can set a trap for free 20 pips either upwards and downwards...
Money management is good for your health...
  • #95,897
  • Nov 6, 2008 4:51am Nov 6, 2008 4:51am
Quoting gagakrimba
Hi guys....
Will the announcement of the GBP IR cut in about 1 hr time will have any considerable effect?
If so...which way ?
whipsaw price action i would think, cable already reflects fact that BoE should cut to least 4-3.5%.
Trading is 80% Emotional, 20% Technical
  • #95,898
  • Nov 6, 2008 4:52am Nov 6, 2008 4:52am
Hmmmmm.....
I'll enter both 30 sec before the announcement with tight SL
  • #95,899
  • Nov 6, 2008 4:54am Nov 6, 2008 4:54am
Quoting gagakrimba
Hmmmmm.....
I'll enter both 30 sec before the announcement with tight SL
now thats called gambling!
Trading is 80% Emotional, 20% Technical
  • #95,900
  • Nov 6, 2008 4:59am Nov 6, 2008 4:59am
I would be careful with that, I think the volatility will take out a short stop before you can say "oh shhhh ugar!" I tried to newstrade a few times and once went from 100pips up to -20 stopout in a blink. There will be plenty of action and direction within 15min for us all to make £££$$$
Ride the Bulls bearback!
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