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Cable Update (GBPUSD)

  • #97,101
  • Nov 11, 2008 11:25am Nov 11, 2008 11:25am
Quoting eohater
That could be a nice buy!

EVERYONE BECAREFUL. Countertrend trading is not for everyone! You need to know what your doing.
the 15 minute piercing candle was great...but it failled to follow through i might fall a bit more..

i would play the brak of the doji high on 1 hr if i went long....whats yur thoughts on this bro?
  • #97,102
  • Nov 11, 2008 11:32am Nov 11, 2008 11:32am
Quoting Bullbear0072
Good support 5380's. http://www.forexfactory.com/images/icons/icon8.gif
Down down down !!!
  • #97,103
  • Nov 11, 2008 11:35am Nov 11, 2008 11:35am
Quoting nAVIN2007
the 15 minute piercing candle was great...but it failled to follow through i might fall a bit more..

i would play the brak of the doji high on 1 hr if i went long....whats yur thoughts on this bro?
Here's something for you to learn when you miss the boat. She pulled back to the 10sma on the 15m, the following candle pierced up above the 10sma, I would have gone short on the opening of the piercing candle and set SL at +2 once that candle closed.

Now, to your question, I'd expect it to to go aroudn 547x area, (21ema area) get rejected, but if 542x area holds (top of the 10sma), the long is good for a couple more pips. I would not expect it to get above 555x area though. She'll bounce around a little on her way up. Countertrend moves need to managed closely. I hope this answers your question.

Myself, I'm currently long at 5400.
Just digging in the trenches like everyone else!
  • #97,104
  • Nov 11, 2008 11:37am Nov 11, 2008 11:37am
hi traders


Alhamdlillah for such progress in DA market

i forecast the continuation of down trend for cable+euro

this week trend gave me 500 pip for each make my total pips profit 3000 for euro+ 4000 for cable
and here is my charts describe my last calls and my methods in trading .

is too obvious that usd strengthen against all the currencies .
i still forecast more & more bearish activity this week as i forecast before.

and don't forget the fundamental aspect!!!!!
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 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 .
they call this move (news).

trade well&have fun.
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  • #97,105
  • Nov 11, 2008 11:39am Nov 11, 2008 11:39am
First long position off just below 5400. will add more if need be
  • #97,106
  • Nov 11, 2008 11:40am Nov 11, 2008 11:40am
my sell trigger is at 1.5477
Quoting eohater
Here's something for you to learn when you miss the boat. She pulled back to the 10sma on the 15m, the following candle pierced up above the 10sma, I would have gone short on the opening of the piercing candle and set SL at +2 once that candle closed.

Now, to your question, I'd expect it to to go aroudn 547x area, (21ema area) get rejected, but if 542x area holds (top of the 10sma), the long is good for a couple more pips. I would not expect it to get above 555x area though. She'll bounce around a little on her way up. Countertrend moves need to managed closely. I hope this answers your question.

Myself, I'm currently long at 5400.
When life gives you lemons, make lemonade
  • #97,107
  • Nov 11, 2008 11:40am Nov 11, 2008 11:40am
Quoting Tiger Hunter
hi traders


Alhamdlillah for such progress in DA market

i forecast the continuation of down trend for cable+euro

this week trend gave me 500 pip for each make my total pips profit 3000 for euro+ 4000 for cable
and here is my charts describe my last calls and my methods in trading .

is too obvious that usd strengthen against all the currencies .
i still forecast more & more bearish activity this week as i forecast before.

and don't forget the fundamental aspect!!!!!
[b]and to be...
Just to correct you on that statement.. 97% of traders lose while 3% win. Proven stats.
  • #97,108
  • Nov 11, 2008 11:41am Nov 11, 2008 11:41am
thats my interpretation to what you said

red targets of up trend and blue Fibonacci of the down trend
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When life gives you lemons, make lemonade
  • #97,109
  • Nov 11, 2008 11:41am Nov 11, 2008 11:41am
Quoting eohater
Here's something for you to learn when you miss the boat....
good stuff bro yur right i do need to add ema stuff in my arsenal...can u believe it...today i got a great surprise (need to be confirmed thou) my mortagage actually today appear that it might have got accepted. i just need to confirm it..i applied and it been rejected3 times....4th time appear to be lucky...just went i went micro....now this just has to work
  • #97,110
  • Nov 11, 2008 11:50am Nov 11, 2008 11:50am
Some resisatance around the 5430's!!! http://www.forexfactory.com/images/icons/icon14.gif Push her DOWNTOWN!!!
  • #97,111
  • Nov 11, 2008 11:54am Nov 11, 2008 11:54am
now i understand why Micho pushed the ignore button.
  • #97,112
  • Nov 11, 2008 12:09pm Nov 11, 2008 12:09pm
Join long team 1.5415 ! Ups hit +20 pips !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,113
  • Nov 11, 2008 12:12pm Nov 11, 2008 12:12pm
I missed the train ride down at 5650 this morning because i was expecting 5700 to hold again but this is how i traded the rest of the move on the 5m chart....my favorite TF for manageing a trade.

a 3 or 5 level run on the 5min. chart is a pattern i am always looking for and today there was a perfect example of it.
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  • #97,114
  • Nov 11, 2008 12:18pm Nov 11, 2008 12:18pm
DOWNTOWN is not in the cards yet. http://www.forexfactory.com/images/icons/icon8.gif Let's join the long team ( TEMPORARILY ). Longs should be happt pretty soon. Macd signal line on 15 min. turning. Get ready for it!
  • #97,115
  • Nov 11, 2008 12:19pm Nov 11, 2008 12:19pm
Quoting vorschlag
now i understand why Micho pushed the ignore button.
lol
When life gives you lemons, make lemonade
  • #97,116
  • Nov 11, 2008 12:21pm Nov 11, 2008 12:21pm
Quoting Shilva
I missed the train ride down at 5650 this morning because i was expecting 5700 to hold again but this is how i traded the rest of the move on the 5m chart....my favorite TF for manageing a trade.

a 3 or 5 level run on the 5min. chart is a pattern i am always looking for and today there was a perfect example of it.
thanks for sharing thу chart.
  • #97,117
  • Nov 11, 2008 12:26pm Nov 11, 2008 12:26pm
Quoting Bullbear0072
DOWNTOWN is not in the cards yet. http://www.forexfactory.com/images/icons/icon8.gif Let's join the long team ( TEMPORARILY ). Longs should be happt pretty soon. Macd signal line on 15 min. turning. Get ready for it!

Dude if you are waiting for macd conframation you have already missed the entry. Lagging indicators.
  • #97,118
  • Nov 11, 2008 12:26pm Nov 11, 2008 12:26pm
damn i am short audusd at 70 but seems its holding on more than eur and cable damn it man go downnnnn
When life gives you lemons, make lemonade
  • #97,119
  • Nov 11, 2008 12:27pm Nov 11, 2008 12:27pm
Quoting steelhead
Dude if you are waiting for macd conframation you have already missed the entry. Lagging indicators.
no in fact cable didnt retrace to the 38% only went to 23% and tp1
When life gives you lemons, make lemonade
  • #97,120
  • Nov 11, 2008 12:28pm Nov 11, 2008 12:28pm
im making out what i missed during the day
When life gives you lemons, make lemonade
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