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Cable Update (GBPUSD)

  • #105,021
  • Dec 7, 2008 10:28pm Dec 7, 2008 10:28pm
Quoting gagakrimba
R2 : 1.4811
R3 : 1.4898
I wait for your R3 to short ! It is H4/50ema !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,022
  • Dec 7, 2008 10:30pm Dec 7, 2008 10:30pm
Quoting gagakrimba
R2 : 1.4811
R3 : 1.4898
I am seeking your R3 area ....I dont know what that is lol but my analysis seeks that area as well...good stuff
  • #105,023
  • Dec 7, 2008 10:39pm Dec 7, 2008 10:39pm
Quoting manize
I wait for your R3 to short ! It is H4/50ema !
Short ???
  • #105,024
  • Dec 7, 2008 10:42pm Dec 7, 2008 10:42pm
Quoting manize
I wait for your R3 to short ! It is H4/50ema !
This is simply an area that longs will take out profits and you might in fact get some bearish movement ...but at that point you have to treat the market scalpy in both directions since you dont know if the new push up is simply a retracement to the down fall or a new move of its own since it took place at a strong support being the 61.8...
  • #105,025
  • Dec 7, 2008 10:45pm Dec 7, 2008 10:45pm
Quoting gagakrimba
Short ???
Yes if any clue reverse down on M1 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,026
  • Dec 7, 2008 10:46pm Dec 7, 2008 10:46pm
Quoting Shermenator
This is simply an area that longs will take out profits and you might in fact get some bearish movement ...but at that point you have to treat the market scalpy in both directions since you dont know if the new push up is simply a retracement to the down fall or a new move of its own since it took place at a strong support being the 61.8...
I see bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,027
  • Dec 7, 2008 10:48pm Dec 7, 2008 10:48pm
Quoting manize
I see bro !

Cool my friend...you might find me taking trades in both directions lol ....each trade has its own limit and stop lol make money in both directions
  • #105,028
  • Dec 7, 2008 10:52pm Dec 7, 2008 10:52pm
This baby usually go fruther 100++ pips if it breaks R3 or S3
  • #105,029
  • Dec 7, 2008 10:58pm Dec 7, 2008 10:58pm
Quoting gagakrimba
This baby usually go fruther 100++ pips if it breaks R3 or S3
It means a bit below H4/62 ema. Good stuff level to revesrse down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #105,030
  • Dec 7, 2008 11:17pm Dec 7, 2008 11:17pm
nice call

Quoting Shermenator
Hope you guys took the long I have been giving all day ...let the pips come in


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  • #105,031
  • Dec 7, 2008 11:18pm Dec 7, 2008 11:18pm
Nice trade we took hope you guys took it....we are looking for an easy money trade...never have a bias and simply fallow price...we are now hitting an area of resistance but we should be able to test deeper...

Attached Image (click to enlarge)
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  • #105,032
  • Dec 7, 2008 11:19pm Dec 7, 2008 11:19pm
Quoting rdtsa09
nice call
I just whant you guys to make some money so I have decide to give some of my personal trades....hope you guys like it
  • #105,033
  • Dec 7, 2008 11:20pm Dec 7, 2008 11:20pm
Thanks Shermonater!
  • #105,034
  • Dec 7, 2008 11:35pm Dec 7, 2008 11:35pm
Relax guys if your still long ...price is simply reacting to the 38.2 fibb....people are closing longs and sellers are coming in ....price action is still on our side and the market is still trading higher....if anything I might take a short if needed and make some money in the shorts and still hold my long ...

Attached Image (click to enlarge)
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  • #105,035
  • Dec 7, 2008 11:47pm Dec 7, 2008 11:47pm
I am up 120 pips at the moment...now its a good time to start taking some profits guys...dont be dumb and give it back lol ...DONT LOOSE IF YOU CAME IN AT THE PRICE I SAID TO COME IN PLEASE

good trade guys the market could collapse for all I care now...I have made my money lol...

Attached Image (click to enlarge)
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  • #105,036
  • Dec 7, 2008 11:53pm Dec 7, 2008 11:53pm
There is no reason to buy G/U, stocks, why they go up ?
I only know that all news is terrible: Jobs, spending, manufacture, consumer confidence are all worst numbers, the economy can not recover in coming time, nothing positive until maybe the end of 2009. In long term, Let's sell G/U now.
Give me patience
  • #105,037
  • Dec 7, 2008 11:56pm Dec 7, 2008 11:56pm
Thanks sherm,
I took 70 midway after ur buy price. Wasnt too sure about it until halfway. but still made 70 nevertheless. Got to learn how you do all the fibo stuff. seems good
  • #105,038
  • Dec 7, 2008 11:57pm Dec 7, 2008 11:57pm
Quoting Bullfx
There is no reason to buy G/U, why it go up ?
I only know that Job news is terrible, the economy can not recover in coming time, nothing positive until maybe the end of 2009. In long term, Let's sell G/U now.
you see if your longterm short then this move up is nothing to your anlysis...your stop can be 2000 pips....the market has no bias except impulsive movement that you simply have to try and ride....thats why never have a bias since it will keep you out of good trades.
  • #105,039
  • Dec 7, 2008 11:59pm Dec 7, 2008 11:59pm
Quoting chrispang81
Thanks sherm,
I took 70 midway after ur buy price. Wasnt too sure about it until halfway. but still made 70 nevertheless. Got to learn how you do all the fibo stuff. seems good
Yep they are great...this is how I make my income day by day lol....I am an 18 year old guy that simply loves forex and this are the tools that make me a great income.
  • #105,040
  • Dec 8, 2008 12:11am Dec 8, 2008 12:11am
Currently up over 200 pips...price has now reach some resistnace...expect some sell off since the longs will now take profits again lol..here you find lmit orders..I am done trading for today I will let this ride as long as It whants its a winner...

Attached Image (click to enlarge)
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