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Cable Update (GBPUSD)

  • #127,881
  • Mar 25, 2009 2:56am Mar 25, 2009 2:56am
My short term bias is bearish, I will enter short when my 4 hr. candle close
My edge ===> Patience
  • #127,882
  • Mar 25, 2009 2:56am Mar 25, 2009 2:56am
Quoting khelemen
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,

Morning all, good advice Khelemen, not making an entry is a trading decision!

heres my chart looking for a short of the top of the channel
Attached Image (click to enlarge)
Click to Enlarge Name: trades.gif Size: 59 KB
  • #127,883
  • Mar 25, 2009 2:58am Mar 25, 2009 2:58am
Quoting Bones
The $ is rising ,consolidating,it may break up but has the weight of last weeks sell off on it.
The reversal pattern dose not look strong.
Which broker has the dollar index , usdx? Thanks
prepare for worst & expect the best
  • #127,884
  • Mar 25, 2009 3:02am Mar 25, 2009 3:02am
You Know,

Once she's been on a 'Tear, to the Upside,
She REally does not like giving up the ghost!

'Made 'Varrious Assundries' of pippage,
Out of (3) GBP Pairs, to the Short-side little... 'Tear'.
-Nothing "Rip Roaring" yet.

Prop's to you Guys hanging
w/This... Paint Drying session,
Enjoy, "Best Of Pipping",

Jeff !
I will work to Objectively Identify my Edges
  • #127,885
  • Mar 25, 2009 3:06am Mar 25, 2009 3:06am
May be 1.4370 the target today
  • #127,886
  • Mar 25, 2009 3:07am Mar 25, 2009 3:07am
Man, Though...

'CouldA, WouldA, ShouldA... Stayed
Short w/GBP/CHF!!!
-Who tipped over the cart of Potatoes, there? !


At least SHE, went a 'little' further down!

Jeff !
I will work to Objectively Identify my Edges
  • #127,887
  • Mar 25, 2009 3:07am Mar 25, 2009 3:07am
Quoting khelemen
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,
Makes more sense than all the am buying and am selling blahblahblah I ve been reading all along. Me thinks to allow price action decide which way first. If it is going up you will know. If it is going down you will see it. It cant be hidden. I remember my old Bishop always say...patience...You cant beat that. When in haste becareful.... you may be wrong.

Morning all
  • #127,888
  • Mar 25, 2009 3:10am Mar 25, 2009 3:10am
Quoting J e M y
1.4530 my target
Just Modify it till 1.4566 because it is more available...!
  • #127,889
  • Mar 25, 2009 3:12am Mar 25, 2009 3:12am
Good Point...

I think the GBP/CHF, and etc, may indicate some
pound weakness...

Whereas, there's some "DollA" weakness out there too,
Hence GU just hasn't quite fell off the table.
-Yet.
I will work to Objectively Identify my Edges
  • #127,890
  • Mar 25, 2009 3:12am Mar 25, 2009 3:12am
Quoting Hasnaa
Just Modify it till 1.4566 because it is more available...!
Ok 1.4370
  • #127,891
  • Mar 25, 2009 3:15am Mar 25, 2009 3:15am
I will work to Objectively Identify my Edges
  • #127,892
  • Mar 25, 2009 3:21am Mar 25, 2009 3:21am
Quoting PipLand
Morning all, good advice Khelemen, not making an entry is a trading decision!

heres my chart looking for a short of the top of the channel
Thanks PipLand,

Nice analysis, so max bullish 1.4635 (around that), but it could always break the channel for bearish, let see what come first.

The price action now favor to USD..

regards,
  • #127,893
  • Mar 25, 2009 3:24am Mar 25, 2009 3:24am
Quoting J e M y
May be 1.4370 the target today
That would be great or even 1.4200 but my S3 lines are set at 1.4455 and not many people like Selling once a currency hits S3 Support line.
  • #127,894
  • Mar 25, 2009 3:25am Mar 25, 2009 3:25am
Quoting J e M y
Ok 1.4370
oh no it is so far !!!
Listen Brother !!!
Tp 1 = 1.4566
Tp 2 = 1.4455
OK...!?
  • #127,895
  • Mar 25, 2009 3:27am Mar 25, 2009 3:27am
Quoting Hasnaa
oh no it is so far !!!
Listen Brother !!!
Tp 1 = 1.4566
Tp 2 = 1.4455
OK...!?
Ok 7asnaa But 1,4530 1.4480 Strong.
  • #127,896
  • Mar 25, 2009 3:30am Mar 25, 2009 3:30am
Quoting J e M y
Ok 7asnaa But 1,4530 1.4480 Strong.
  • #127,897
  • Mar 25, 2009 3:30am Mar 25, 2009 3:30am
Quoting Hasnaa
oh no it is so far !!!
Listen Brother !!!
Tp 1 = 1.4566
Tp 2 = 1.4455
OK...!?
i have to agree with you 1.4370 is quite too far away for now. your choice seems much more realistic.
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  • #127,898
  • Mar 25, 2009 3:32am Mar 25, 2009 3:32am
My chart is still showing strong downtrend along with trading signal.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 135 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #127,899
  • Mar 25, 2009 3:33am Mar 25, 2009 3:33am
Quoting Hasnaa
  • #127,900
  • Mar 25, 2009 3:38am Mar 25, 2009 3:38am
Quoting khelemen
Thanks PipLand,

Nice analysis, so max bullish 1.4635 (around that), but it could always break the channel for bearish, let see what come first.

The price action now favor to USD..

regards,
Im thinking we may get up to 4650 before heading further south.
we have CBI realized sales news out in 30 mins so im staying out until we see what happens after that
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