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Cable Update (GBPUSD)

  • #132,681
  • May 18, 2009 3:04am May 18, 2009 3:04am
Quoting free4440273
short 5195
why?
ABCD..
  • #132,682
  • May 18, 2009 3:10am May 18, 2009 3:10am
No brainer trade.. Break out on 1 hour chart should see this going up to 1.523 where first resistance is met..
  • #132,683
  • May 18, 2009 3:12am May 18, 2009 3:12am
Banana... no comment lol

i think ill short around 5220
  • #132,684
  • May 18, 2009 3:14am May 18, 2009 3:14am
Hello

There is a resistance @ 1.5196 ... but 4 hour chart is gathering power to go up ... but if it could break 1.5200 .. it will be good entry for short
  • #132,685
  • May 18, 2009 3:15am May 18, 2009 3:15am
Short sell GBPUSD1.5188

TP1 @ 1.5162
TP2 @ 1.5130
  • #132,686
  • May 18, 2009 3:16am May 18, 2009 3:16am
Quoting Ipips
No brainer trade.. Break out on 1 hour chart should see this going up to 1.523 where first resistance is met..
5230??
  • #132,687
  • May 18, 2009 3:21am May 18, 2009 3:21am
That what i talk about 4 hour chart is gathering power

1.5236 is important area
  • #132,688
  • May 18, 2009 3:33am May 18, 2009 3:33am
I closed my first trade at +70 pips (too bad you didnt wait lol)

and

i shorted at 5228
  • #132,689
  • May 18, 2009 3:34am May 18, 2009 3:34am
Quoting deboooo2005
That what i talk about 4 hour chart is gathering power

1.5236 is important area

Hi .. may I know why is it an important level?
  • #132,690
  • May 18, 2009 3:48am May 18, 2009 3:48am
Quoting banana9009
should i place entry to sell at 15200 ??? SL 15250 , TP 15100/15050
Thanks !
try putting these emas on a 30 min chart...50 ema, 21 ema, 14 ema, 10 ema, 5 ema...look at the history and see what happens... u will be amazed at how every time it breaks the 50 ema with a closed candle, it usually gives 60 pips...when all the emas start crossing over that usually means a trend is starting.
Check it out u will be amazed at how it works...u all can check it out and see for yourselves...
  • #132,691
  • May 18, 2009 3:51am May 18, 2009 3:51am
Quoting JimmyF23
I closed my first trade at +70 pips (too bad you didnt wait lol) and i shorted at 5228
I got 40+30 pips in two trades. I dont think shorting is good now. Cant say...
ABCD..
  • #132,692
  • May 18, 2009 3:58am May 18, 2009 3:58am
Good morning all,

here's my attempt at an alternative count. I'm still bullish. My short hit target overnight. Now I'm looking for a new short at 1.5250 but will depend on price action.

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  • #132,693
  • May 18, 2009 4:00am May 18, 2009 4:00am
Quoting 4xHero
try putting these emas on a 30 min chart...50 ema, 21 ema, 14 ema, 10 ema, 5 ema...look at the history and see what happens... u will be amazed at how every time it breaks the 50 ema with a closed candle, it usually gives 60 pips...when all the emas start crossing over that usually means a trend is starting.
Check it out u will be amazed at how it works...u all can check it out and see for yourselves...
can u explain a little further please?? thanks.
  • #132,694
  • May 18, 2009 4:05am May 18, 2009 4:05am
First TP, 5285, second TP 5300
ABCD..
  • #132,695
  • May 18, 2009 4:07am May 18, 2009 4:07am
Hello everyone!
This is my first post here. English is not my native language, so sorry for mistakes.
In my opinion we are in triangle an we are about to reach 38.2 Fibonacci on W1.
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Best Regards
  • #132,696
  • May 18, 2009 4:09am May 18, 2009 4:09am
Quoting free4440273
can u explain a little further please?? thanks.
Place those 5 emas on a 30 min chart and look how they work...check through the history... and just look at how they work together...
  • #132,697
  • May 18, 2009 4:10am May 18, 2009 4:10am
Quoting free4440273
can u explain a little further please?? thanks.

ema = Exponetial Moving Average (lines)
  • #132,698
  • May 18, 2009 4:15am May 18, 2009 4:15am
Quoting GlobalMacro
"Rightmove HPI" was decent last night, choking off bearish acceleration.
Bearish momentum dissipating fast, thus putting us back into neutral territory. Watching 1.5142 which is growing to a pretty solid support.
Yup...Waning bearish momentum pre-London open & the 1.5142 burgeoning support did a good job at buoying the market up by 100 pips...This should be a good level to take profits (1.5250s)
Attached Image
Hear the music before the song is over ...
  • #132,699
  • May 18, 2009 4:19am May 18, 2009 4:19am
Quoting GlobalMacro
Yup...Waning bearish momentum pre-London open & the 1.5142 burgeoning support did a good job at buoying the market up by 100 pips...This should be a good level to take profits (1.5250s)
im short from 5240 tp is 5190 and SL is 4280


Ub
  • #132,700
  • May 18, 2009 4:21am May 18, 2009 4:21am
short from 242.. will it going to below 200?? I will just put my tp in 200...
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