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Cable Update (GBPUSD)

  • #96,681
  • Nov 10, 2008 8:58am Nov 10, 2008 8:58am
Quoting "expert"
oh yes baby this is good question?

I ma long from 5780 for now.I need 5820 break on 1hr and close for more up.5860 next resistance and strong one.If not and break 15 gann on down then 5660 test maybe(4 hr gann).Now on 1 hr we are in cloud and price likes that place.So get the FU.K out of that ichimoku cloud.

In 1 hr ECB speaks so i think no big moves untill he said anything.He might move euro down and cable as well.Will see

See ya
Well 5665 on my platform.Sorry guys.closing at 5620
  • #96,682
  • Nov 10, 2008 9:02am Nov 10, 2008 9:02am
hi traders

hope all of you doing great in your own trade.

i forecast today @ market open the continuation of down trend for euro+cable+euro and here we go .
here is my charts for you guys describe my views and my handwork.

& always remember the fundamentals
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace( up move) that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up
in threads we call this move the {news}.

trade well&have fun.
Attached Image(s) (click to enlarge)
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  • #96,683
  • Nov 10, 2008 9:05am Nov 10, 2008 9:05am
Well, it looks like the Euro may be headed down to close the gap. May drag GBP with her. I am setting a Profitable SL and going to monitor Euro gap hunters.

Quoting alcando
Not yet, just the train spinning it's wheels in the station getting ready to roll... Don't let the train suck you off when it leaves...
Ride the Bulls bearback!
  • #96,684
  • Nov 10, 2008 9:06am Nov 10, 2008 9:06am
If usd chf break 1,1784 then more down for cable

1 chart from me
Attached Image (click to enlarge)
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  • #96,685
  • Nov 10, 2008 9:06am Nov 10, 2008 9:06am
Quoting "expert"
Well 5665 on my platform.Sorry guys.closing at 5620
Well, i close my short at 5654 and i dont take any risk anymore
GELORE
  • #96,686
  • Nov 10, 2008 9:21am Nov 10, 2008 9:21am
go cable ...pls hit 1.59 today...
its just money
  • #96,687
  • Nov 10, 2008 9:21am Nov 10, 2008 9:21am
Quoting Kyen
Been with you on that , its been 4 hours now and still waiting for a break. what price level are you looking at for confirmation of a break?
broken

next support level I see 5580, once that gives way, GU shall tank
Trade what you see, not what you think.
  • #96,688
  • Nov 10, 2008 9:24am Nov 10, 2008 9:24am
Quoting musani
Well, i close my short at 5654 and i dont take any risk anymore
Nice
I just think it might go more o down or 1 test of that 5650 area minimum.

5680 and 5690 area resistance on 5 m so ...

will wait little more

Want to practice good closing.I learned to make good enter
  • #96,689
  • Nov 10, 2008 9:30am Nov 10, 2008 9:30am
Quoting "expert"
Nice
I just think it might go more o down or 1 test of that 5650 area minimum.

5680 and 5690 area resistance on 5 m so ...

will wait little more

Want to practice good closing.I learned to make good enter
Dam, now i carn't make a new entry coz all my chart is missing right now and i don't know what happeni think i had to setup new again.
GELORE
  • #96,690
  • Nov 10, 2008 9:32am Nov 10, 2008 9:32am
Good morning....

There is a very clear shampoo on the h1 with neckline break.... we could get a retest of the neckline (5720ish)and then go to 5600 first target then 5550 or lower
Patience + Discipline - Greed = Success
  • #96,691
  • Nov 10, 2008 9:37am Nov 10, 2008 9:37am
Quoting Infinity
Good morning....

There is a very clear shampoo on the h1 with neckline break.... we could get a retest of the neckline (5720ish)and then go to 5600 first target then 5550 or lower
true.If bounce from area we are in we could see 5560 area maybe even toomorow.I hope so.Seting SL and going home.See ya guys.
  • #96,692
  • Nov 10, 2008 9:41am Nov 10, 2008 9:41am
Quoting Infinity
Good morning....

There is a very clear shampoo on the h1 with neckline break.... we could get a retest of the neckline (5720ish)and then go to 5600 first target then 5550 or lower
chart.....
Attached Image
Patience + Discipline - Greed = Success
  • #96,693
  • Nov 10, 2008 9:44am Nov 10, 2008 9:44am
Can someone PM me and let me know why my downloaded indicators wont add to my chart.

Its listed on the lefthandside under navigator, but as I rightclick and click "add to chart" it doesnt, nor does it when I click and drag to the chart.

Thanks and good luck
DM if you have any questions
  • #96,694
  • Nov 10, 2008 9:45am Nov 10, 2008 9:45am
Quoting Infinity
chart.....
Nice bro! That's why I'm long from 5645 and TP at 5720. I'll be considering a short at that point. I was thinking a little higher around 574x, but we'll see how she plays out.
Just digging in the trenches like everyone else!
  • #96,695
  • Nov 10, 2008 9:56am Nov 10, 2008 9:56am
Quoting eohater
Nice bro! That's why I'm long from 5645 and TP at 5720. I'll be considering a short at that point. I was thinking a little higher around 574x, but we'll see how she plays out.
Long is closed and back on the short bus at 5680.
Just digging in the trenches like everyone else!
  • #96,696
  • Nov 10, 2008 9:56am Nov 10, 2008 9:56am
Cheers, that was useful. Short from 15700
Quoting Infinity
chart.....
Ride the Bulls bearback!
  • #96,697
  • Nov 10, 2008 9:57am Nov 10, 2008 9:57am
Quoting eohater
Nice bro! That's why I'm long from 5645 and TP at 5720. I'll be considering a short at that point. I was thinking a little higher around 574x, but we'll see how she plays out.
I agree with the 40's area as well. That'd be close to a 61.8 of this bearish engulfment on my 4 hour chart. I have my entries set to 1.5735 at the moment. Right now, it looks like bearishness is taking control again though. This next 15 minute should spell it out whether or not we will see those levels.

I'm watching the lower timeframes now as we could be seeing a 1-2-3 sell formation coming up. Three steps up, then down. IMO, that's what is happening now.
I dream, therefore I become.
  • #96,698
  • Nov 10, 2008 9:57am Nov 10, 2008 9:57am
Quoting eohater
Long is closed and back on the short bus at 5680.
aww...eo's on the short bus? sorry bro...didn't know ;-)
  • #96,699
  • Nov 10, 2008 9:59am Nov 10, 2008 9:59am
Quoting mike w
I agree with the 40's area as well. That'd be close to a 61.8 of this bearish engulfment on my 4 hour chart. I have my entries set to 1.5735 at the moment. Right now, it looks like bearishness is taking control again though. This next 15 minute should spell it out whether or not we will see those levels.
We we're seeing the same thing. After she was rejected so hard from 5700 area, I went ahead and closed my long. The 10sma on the 15m held up, so I took my small scalp on my long and jumped on the short bus. She could still go up there and if she does, I'll short her again.
Just digging in the trenches like everyone else!
  • #96,700
  • Nov 10, 2008 9:59am Nov 10, 2008 9:59am
Quoting dakrusha
aww...eo's on the short bus? sorry bro...didn't know ;-)
What's up bro? Haven't seen you for a while! Glad your back in the thread!
Just digging in the trenches like everyone else!
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