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Cable Update (GBPUSD)

  • #127,861
  • Mar 24, 2009 7:01pm Mar 24, 2009 7:01pm
I do not see this thing going short at least till 4800-4900. 4650 has proven to be heavy support level and with the Daily Pivot at 4668 it's gonna take a lot to get down there. So my stop rests at 4640 and I am long waiting for the yellow 11 SMA to cross the 21 red SMA and to start widening. This is a great opportunit to get a nice trade with a short stop.

AJ
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  • #127,862
  • Mar 24, 2009 7:08pm Mar 24, 2009 7:08pm
Please take what I said with a grain of salt, we could be due for a retrace. Can't say for sure, but we have to look at it that way simply because we are in a long term down trend still.
  • #127,863
  • Mar 24, 2009 7:10pm Mar 24, 2009 7:10pm
Long term will not reverse till at least 1.6100
  • #127,864
  • Mar 24, 2009 8:47pm Mar 24, 2009 8:47pm
Quoting donutman_111
Long term will not reverse till at least 1.6100
I just banked 48 on the little down leg. I posted back a bit my plan and it executed nicely.
  • #127,865
  • Mar 24, 2009 8:59pm Mar 24, 2009 8:59pm
Im short again off the pivot looking for 44700, near a 38.2 and daily S2 area plus prior support.

EDIT. I am targeting 40 pips at 4630. Caught myself breaking my rules
  • #127,866
  • Mar 25, 2009 12:38am Mar 25, 2009 12:38am
I'm also on the short side from 1.4722, TP 1.4520.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,867
  • Mar 25, 2009 1:53am Mar 25, 2009 1:53am
Good morning mates

my speculation for today is to buy above 1.4695 or to sell below 1.4650

just my idea
  • #127,868
  • Mar 25, 2009 2:50am Mar 25, 2009 2:50am
Attached Image


I think cable is going upward
  • #127,869
  • Mar 25, 2009 3:08am Mar 25, 2009 3:08am
Quoting alfamichi
Good morning mates

my speculation for today is to buy above 1.4695 or to sell below 1.4650

just my idea
  • #127,870
  • Mar 25, 2009 3:12am Mar 25, 2009 3:12am
Nice pips , what about visit 1.4550 ?
  • #127,871
  • Mar 25, 2009 3:18am Mar 25, 2009 3:18am
Quoting alfamichi
Next target 1.4555......3200ema on the 30mins chat

just my idea
  • #127,872
  • Mar 25, 2009 3:18am Mar 25, 2009 3:18am
Quoting J e M y
Nice pips , what about visit 1.4550 ?
Stay with the downside. If 1.4590 breaks, good chance it can drop all the way to 1.4520.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,873
  • Mar 25, 2009 3:26am Mar 25, 2009 3:26am
Quoting Bull_Bear
Stay with the downside. If 1.4590 breaks, good chance it can drop all the way to 1.4520.
Yes , I agree with you

But you are Bull or Bear ?

May be both
  • #127,874
  • Mar 25, 2009 3:28am Mar 25, 2009 3:28am
Quoting J e M y
Yes , I agree with you

But you are Bull or Bear ?

May be both
I play both sides
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,875
  • Mar 25, 2009 3:33am Mar 25, 2009 3:33am
Hey Gang,

Whether she's climbing or not at the moment,
We'll see...
These lines are Crude & probably incorrect @best.
So, "Don't Judge me Man!".

Anyway,
We've already passed 'daily retrace @1.4625 where Frankfurt
Stopped [email protected]! -London, Blew thru her!

A WEEKLY,
Retrace, w/my "Million Man Math" would be about 1.4329,
for the next stop... Tempting even more "Bloke's" for
completing a H&S to the 'Downside' on the 4hr.
-Just a thought. -Crudely Drawn Demo Chart Below,
Happy Pipping,

Jeff !
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I will work to Objectively Identify my Edges
  • #127,876
  • Edited 5:34am Mar 25, 2009 4:13am | Edited 5:34am
i think, it moving to downside...
before taking bullish..

http://www.forexfactory.com/images/icons/icon11.gifhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon11.gif

anybody?, can u comment,..i dont no what is supposed to do...
  • #127,877
  • Mar 25, 2009 4:17am Mar 25, 2009 4:17am
1.4530 my target
  • #127,878
  • Mar 25, 2009 4:37am Mar 25, 2009 4:37am
i bought 1.4585 my target for today 1.4750 and above
  • #127,879
  • Mar 25, 2009 4:44am Mar 25, 2009 4:44am
Quoting Bill Gates
i think, it moving to downside...
before taking bullish..

http://www.forexfactory.com/images/icons/icon11.gifhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon11.gif

anybody?, can u comment,..i dont now what supposed to do...
Needs to clearly break 1.4590. Right now prices seems to be consolidating around the 1.4590 ressistance for a fall or a bounce. Short term trend still down so stay with the trend.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,880
  • Mar 25, 2009 4:46am Mar 25, 2009 4:46am
Quoting Bill Gates
i think, it moving to downside...
before taking bullish..

http://www.forexfactory.com/images/icons/icon11.gifhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon11.gif

anybody?, can u comment,..i dont now what supposed to do...
Not a trading day for me at least for now... I miss 1.4664, since that.. no valid signal yet to place a trade... let see in next 1-2 hours if the trend change...

at the moment, just relax. Actually not making an entry is also an entry.. wait for right entry, you will know when it come!! (saying to myself)..

regards,
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