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Cable Update (GBPUSD)

  • #129,041
  • Apr 7, 2009 1:53am Apr 7, 2009 1:53am
But above 1.4794 or Sell below 1.4742....Remember to put your Stop Loss

just my idea...happy trading
  • #129,042
  • Apr 7, 2009 1:54am Apr 7, 2009 1:54am
Quoting Fx1618
GMT 0000 - 07/04
Bias - SHORT
Trade - SHORT @ 1.4657

SHORT - 1hr - Price below 50EMA & 10EMA Envelopes
SHORT - 30min - Price below 50EMA & 10EMA Envelopes

*** Caution
4hr - Price above 50EMA but well below 10EMA Envelopes
MTF 5EMA not quite yet in a Sell

***Notes: I entered this trade @ 0000 GMT, but did not post the Chart as I was actually in Bed.
Currently the 30Min & 1hr is Range Bound in side the 10EMA Envelopes

Will Update if my direction change
good luck!!!
  • #129,043
  • Apr 7, 2009 1:59am Apr 7, 2009 1:59am
Quoting Bill Gates
good luck!!!


tx
  • #129,044
  • Apr 7, 2009 3:07am Apr 7, 2009 3:07am
Thanks Jack , much appreciated
Anything that can be done, can be learned
  • #129,045
  • Apr 7, 2009 3:27am Apr 7, 2009 3:27am
Jack ...thanks for sharing

can we use your calculate pivot for another time frames beside 1hours.
  • #129,046
  • Apr 7, 2009 3:31am Apr 7, 2009 3:31am
Keep the faith on the retrace..... 38.2% bounce is expected
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,047
  • Apr 7, 2009 3:48am Apr 7, 2009 3:48am
Somebody please explain:
good news (much better than forecast), but GBP is going south... something I don't know?

Actually I am short, so I like it, but not understand...
  • #129,048
  • Apr 7, 2009 3:49am Apr 7, 2009 3:49am
Quoting uafx
Somebody please explain:
good news (much better than forecast), but GBP is going south... something I don't know?

Actually I am short, so I like it, but not understand...
Classic 'Sell the news'
  • #129,049
  • Apr 7, 2009 3:55am Apr 7, 2009 3:55am
Quoting free4440273
Classic 'Sell the news'
OK, thanks, SL at BE+1, will see...:-)
  • #129,050
  • Apr 7, 2009 4:31am Apr 7, 2009 4:31am
Dears

Just touched the lower band of the 1H and 4H up channel at 1.4623

I will of course go Short after a clear break of this channel , On a retest on it again to the upside.

Enjoy
  • #129,051
  • Apr 7, 2009 4:31am Apr 7, 2009 4:31am
there is more chances to go short??or wait for retrace and go long?

Ub
  • #129,052
  • Apr 7, 2009 4:41am Apr 7, 2009 4:41am
Quoting Fx1618
*** Caution
4hr - Price above 50EMA but well below 10EMA Envelopes
MTF 5EMA not quite yet in a Sell
MTF 5EMA is now short and my PL has turned Positive after a drawdown of -88... just shows how important Discipline is.

I was once told: "System = Method + Money Management + Trader"
Attached Image
  • #129,053
  • Apr 7, 2009 4:49am Apr 7, 2009 4:49am
it should bounce up soon i think...
  • #129,054
  • Apr 7, 2009 4:54am Apr 7, 2009 4:54am
The retrace is taking shape quite nicely... bounced off the 38.2% and came back to break it. Look for the next level which is 50% @ 1.4540. Look to reposition for longs here....

A trading plan is only as good as it's execution......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #129,055
  • Apr 7, 2009 4:55am Apr 7, 2009 4:55am
Quoting John Lo
it should bounce up soon i think...

u right better to wait and then go long but its not confirm trend to go long but can make 50-100 but let see what happens

Ub
  • #129,056
  • Apr 7, 2009 4:56am Apr 7, 2009 4:56am
Quoting John Lo
it should bounce up soon i think...
Yeah i'm Agree cause Both STOCH and MACD 15m Show Oversold Signal.
Don't Forget the Golden Rule : F*** the Gold !
  • #129,057
  • Apr 7, 2009 5:00am Apr 7, 2009 5:00am
The shorts may have lost control of the market above the 1.4440 area now and if that is the case a test of the 1.5000 area is almost a done-deal. Traders report stops in-range adding for two-way action.
4:30am GBP Manufacturing Production m/m
4:30am GBP Industrial Production m/m
7:01pm GBP Nationwide Consumer Confidence
7:01pm GBP NIESR GDP Estimate
Resistance 3: 1.5040/50
Resistance 2: 1.5000
Resistance 1: 1.4950
Latest New York: 1.4726
Support 1: 1.4650
Support 2: 1.4580
Support 3: 1.4550
  • #129,058
  • Apr 7, 2009 5:20am Apr 7, 2009 5:20am
i took long at 1.4682.. hiks... when it will be up.....
  • #129,059
  • Apr 7, 2009 5:22am Apr 7, 2009 5:22am
i think market can revert back from 1.4540 as everyone is saying since past 2 days let see what happens...any confirmation about trend?

Ub
  • #129,060
  • Apr 7, 2009 5:25am Apr 7, 2009 5:25am
Quoting John Lo
i took long at 1.4682.. hiks... when it will be up.....
i wish it will hit tp today




Ub
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