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Cable Update (GBPUSD)

  • #101,861
  • Nov 27, 2008 8:18am Nov 27, 2008 8:18am
Quoting nAVIN2007
this is what trading is about ..forget it ...u in the tradee....dont move the stoploss..what will happen will happen
That is why the master of TA Igrok shows a way to remove this bad element from your mindset by setting stops @ technical levels with reverse order binded just in case. Most of the time if the identified pattern is correct and the stops are placed under/above significant levels AND the market turns agains you and decides to stop you out the reverse orders will mostly cover your initial lost and put you in profit.

Plan your trade and trade your plan. SL or TP. Stick to it. Period.
  • #101,862
  • Nov 27, 2008 8:19am Nov 27, 2008 8:19am
Hi Everyone:

Last night's run up of the GU certainly looks more corrective to than being an impulsive move; though, like some of the good people here, I got myself longed in the morning of Asian time zone at 1.5370 and closed out the long already. As of now, I am looking for a POSSIBLE short position of the pair at -1.5480+; as there might be a good downward sloping pitchfork for a test at the said level; target at around -1.5270+, the Median Line of the downward slopping fork. IF price actions, however, punch through to the upside of this fork; the longs should be the strong hands again. Take care.

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #101,863
  • Nov 27, 2008 8:23am Nov 27, 2008 8:23am
Quoting belekas
That is why the master of TA Igrok shows a way to remove this bad element from your mindset by setting stops @ technical levels with reverse order binded just in case. Most of the time if the identified pattern is correct and the stops are placed under/above significant levels AND the market turns agains you and decides to stop you out the reverse orders will mostly cover your initial lost and put you in profit.

Plan your trade and trade your plan. SL or TP. Stick to it. Period.
absolutely
  • #101,864
  • Nov 27, 2008 8:23am Nov 27, 2008 8:23am
I think this is going to hang tight until Trichet and continue to range abit.
  • #101,865
  • Nov 27, 2008 8:24am Nov 27, 2008 8:24am
Got stopped out..
Keep It Simple Stupid
  • #101,866
  • Nov 27, 2008 8:25am Nov 27, 2008 8:25am
OR NOT!
  • #101,867
  • Nov 27, 2008 8:26am Nov 27, 2008 8:26am
oh well ...
  • #101,868
  • Nov 27, 2008 8:36am Nov 27, 2008 8:36am
relax... it is going north. speed up the bus
  • #101,869
  • Nov 27, 2008 8:51am Nov 27, 2008 8:51am
Quoting Infinity
Happy Thanksgiving to my American friends....

Happy Thanksgiving to you and all who celebrate!

Brother has his turkey ready to get deep fried!!!

HOLLA
  • #101,870
  • Nov 27, 2008 8:53am Nov 27, 2008 8:53am
happy thanks giving to all concerned...
  • #101,871
  • Nov 27, 2008 8:53am Nov 27, 2008 8:53am
Quoting moewenger
it should be in your custom indicator.

go save in expert>indicator. its not a template nor a expert advisor.

or best try look in your folder where is ex4 or mq4 files was saved. it shud be in the same folder.

thanks bro..its wondorfull indecator...are they applicable for these times??
what you get in the wind goes through the storms
  • #101,872
  • Nov 27, 2008 9:02am Nov 27, 2008 9:02am
Quoting Turtle
Happy Thanksgiving to you and all who celebrate!

Brother has his turkey ready to get deep fried!!!

HOLLA
I know a fatty is somewhere around there too..
Enjoy your day bro...
Patience + Discipline - Greed = Success
  • #101,873
  • Nov 27, 2008 9:04am Nov 27, 2008 9:04am
Quoting Infinity
I know a fatty is somewhere around there too..
Enjoy your day bro...
u know it!
  • #101,874
  • Nov 27, 2008 9:05am Nov 27, 2008 9:05am
Great call bud. Did you get the bus when she drove by. I was away or I would have joined you. Watching the action for now. Happy enough with my proceeds for the day so no need to be hasty.

It apparently seems to be driven by JPY strength and GBPJPY is just about to break a key level so I am curious to see if this goes too.


Quoting Vourvoul
Waiting @ 5565
Ride the Bulls bearback!
  • #101,875
  • Nov 27, 2008 9:16am Nov 27, 2008 9:16am
it would be nice to close 1 hr candle below 38 fib5370

On 4 hr i need 5306 close candle below for more down

On 1 hr bearish divergance,and momentum abbout to close below 0

5330Dp i think possible today and lower wil see.

If 4 hr dont close below 5306 abd bounce back we are i n big range nd rally

I was expecting little more up maybe to 5620 and then down but will se is this it.
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  • #101,876
  • Nov 27, 2008 9:17am Nov 27, 2008 9:17am
I guess we could be waiting to break the lower trend line??? Any opinions
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  • #101,877
  • Nov 27, 2008 9:20am Nov 27, 2008 9:20am
Quoting Infinity
I know a fatty is somewhere around there too..
Enjoy your day bro...

AND YOU KNOW THIS MAANNNNN!!!!

Enjoy your day also...

HOLLA
  • #101,878
  • Nov 27, 2008 9:23am Nov 27, 2008 9:23am
Quoting sblank
I guess we could be waiting to break the lower trend line??? Any opinions
punched through your said up sloping trend line already. BTW, today's run up on GU has formed an Expanding Top; price actions become unstable and must drive to the south to resolve the said pattern.
~*~You are only one trade away from humility~*~
  • #101,879
  • Edited 9:27am Nov 27, 2008 9:27am | Edited 9:27am
Quoting alcando
Great call bud. Did you get the bus when she drove by. I was away or I would have joined you. Watching the action for now. Happy enough with my proceeds for the day so no need to be hasty.

It apparently seems to be driven by JPY strength and GBPJPY is just about to break a key level so I am curious to see if this goes too.
It was a good call in the end. I caught the bus a while ago going south from 5397.

I can barely keep my eyes open so I'll take a nap with that at +10 SL.

You abandoned the short bus from 55? That was a gem dude. Nevermind there will be more!

See you latar.
  • #101,880
  • Nov 27, 2008 9:37am Nov 27, 2008 9:37am
GBPUSD.....A break of yesterdays low should give a nce short apportunity back to support levels...Its a preety high probabilty trade....remeber we might have waves up in the smaller tmeframes before reaching into the support levels so most likely you will see me trade against my short if price action agrees with me in the smaller timeframes...

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