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Cable Update (GBPUSD)

  • #121,621
  • Feb 18, 2009 11:51pm Feb 18, 2009 11:51pm
Quoting Inzider
75 give resistance, hope its going to be broken...

Just got back in, yeah, I had pointed out 75 during the US Session. I knew she would be hard and the bounces down to the 15m 50ema was to be expected. I've taken partial profit at 4270 and I'm now looking to reload soldiers around 423x area. My 1h closed and 4h closed both support the downward movement. It could support a nice downward movement. I see 423x as an area like 75. We break it, and we're moving further.

Let's see what the next 9m brings.
Just digging in the trenches like everyone else!
  • #121,622
  • Feb 18, 2009 11:53pm Feb 18, 2009 11:53pm
Quoting sofia101
How's your crystal ball looking? Still looking for a nice buying opportunity?
Just digging in the trenches like everyone else!
  • #121,623
  • Feb 18, 2009 11:59pm Feb 18, 2009 11:59pm
Quoting eohater
How's your crystal ball looking? Still looking for a nice buying opportunity?
It's so unclear now ,but yes I think today we will close the gap ,but I will wait to buy from better price
  • #121,624
  • Feb 19, 2009 12:00am Feb 19, 2009 12:00am
YUMMY!!!!

I wish I would have seen this formation. I would have taken the short when the current closing 1h candle opened.

Part 1 to this setup: Notice the full bodied candle in the red circle? This candle had a small wick and did not take out the prior 1h candles wick.

Part 2 to this setup: The next 1h candle circled in red and how it closed. Looks like a hangman to me. Time for a change in direction is what this is telling us. You will see this on any time frame and see what happens on the next candle.

This is a high percentage setup.

Trade well!
EO
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.jpg Size: 169 KB
Just digging in the trenches like everyone else!
  • #121,625
  • Feb 19, 2009 12:04am Feb 19, 2009 12:04am
Here's what I still see. The last 1h candle closed on top of the 1h 62ema and on top of the 10sma. The 62ema has not been that highly respected in 2009. The 50ema has been the prime player as of late. The last 1h candle did close with a long wick but it's not longer than the body of the candle. She wants to continue down and I'm thinking the 423x area with a tight SL and entry off the 15m chart might be a good setup. If we get a hammer close on the 15m below the 50ema, I will go long on the next 15m candle.
Just digging in the trenches like everyone else!
  • #121,626
  • Feb 19, 2009 12:10am Feb 19, 2009 12:10am
Quoting eohater
Here's what I still see. The last 1h candle closed on top of the 1h 62ema and on top of the 10sma. The 62ema has not been that highly respected in 2009. The 50ema has been the prime player as of late. The last 1h candle did close with a long wick but it's not longer than the body of the candle. She wants to continue down and I'm thinking the 423x area with a tight SL and entry off the 15m chart might be a good setup. If we get a hammer close on the 15m below the 50ema, I will go long on the next 15m candle.
15 min is too short of a time frame for me ,but I see on 15min,buy at 1.4234.Good luck
  • #121,627
  • Feb 19, 2009 12:25am Feb 19, 2009 12:25am
Any of you have took the 40 area? In at 40...
  • #121,628
  • Feb 19, 2009 12:29am Feb 19, 2009 12:29am
Quoting Inzider
Any of you have took the 40 area? In at 40...
I am just watching for now,you doing good
  • #121,629
  • Feb 19, 2009 12:32am Feb 19, 2009 12:32am
Quoting Inzider
Any of you have took the 40 area? In at 40...
Good morning everyone. Not sure of the direction at the moment. Will wait til the 7:00 o@clock hour (UK time) when China closes to see the big move then
  • #121,630
  • Feb 19, 2009 12:36am Feb 19, 2009 12:36am
I went long 1.4240 after Abuawad platform confirmed, but don't dare to go more than 1.4270 and already closed there. I'll be patient waiting for at the top or will long again if pull back down around 1.4240/50 because currently still Asia session !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,631
  • Feb 19, 2009 12:40am Feb 19, 2009 12:40am
Hoping the trend line holds...gunna go fer a nap now, good luck to y'all.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 94 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,632
  • Feb 19, 2009 1:04am Feb 19, 2009 1:04am
Quoting Magix
Hoping the trend line holds...gunna go fer a nap now, good luck to y'all.
If it hold trendline then what will be your target?
  • #121,633
  • Feb 19, 2009 1:09am Feb 19, 2009 1:09am
Quoting aspirin1975
If it hold trendline then what will be your target?

Top of the hourly reads yesterdays high of 1.4296, typically if touches will break. If breaks and holds on the hour, looking to 4 hr chart for next resistance @ 1.4398...

Moving past there..well, won't be counting them chickens till they hatch.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,634
  • Feb 19, 2009 1:12am Feb 19, 2009 1:12am
Quoting sofia101
I am just watching for now,you doing good
Yeah, maby more appropriate. I got caught by London opening yesterday...
Thx for good comments!
  • #121,635
  • Feb 19, 2009 1:33am Feb 19, 2009 1:33am
Will we break the strong resistance level..I waiting to be 10pips over the line..
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  • #121,636
  • Feb 19, 2009 1:34am Feb 19, 2009 1:34am
I suggest 1.4350 minimum.

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Closed at 17.... will renter at 618% fibs of last move...
  • #121,637
  • Feb 19, 2009 1:34am Feb 19, 2009 1:34am
I am hoping for a repeat of yesterday. Open London at resistance, and then sell off.
  • #121,638
  • Feb 19, 2009 1:37am Feb 19, 2009 1:37am
Quoting manize
I went long 1.4240 after Abuawad platform confirmed, but don't dare to go more than 1.4270 and already closed there. I'll be patient waiting for at the top or will long again if pull back down around 1.4240/50 because currently still Asia session !
lol.. its too bad you didnt dare go past 1.4270..

i did
lowest draw down possible please.
  • #121,639
  • Feb 19, 2009 1:37am Feb 19, 2009 1:37am
Quoting jack.canadia
I am hoping for a repeat of yesterday. Open London at resistance, and then sell off.
yeah a sell around 4350/70 would be ideal with the 4h 50ema about there, daily 10sma and gap completed.
  • #121,640
  • Feb 19, 2009 1:37am Feb 19, 2009 1:37am
Quoting jack.canadia
I am hoping for a repeat of yesterday. Open London at resistance, and then sell off.
Talking about .4325 or 50 ?

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Getting to 1h 200Ema at 31
4h 50 Ema broken, 62 at 4350....
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