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Cable Update (GBPUSD)

  • #141,561
  • Jul 1, 2009 4:24am Jul 1, 2009 4:24am
Quoting Bull_Bear
Nice profit of +195 pips.... holding long now
Why long,if price go down 30 pips more,that mean that go deep down ...

And new in dolar side...

We will see
"Buy on fear, sell on greed !!!
  • #141,562
  • Jul 1, 2009 4:30am Jul 1, 2009 4:30am
Quoting fabreu30
i am very bullish am from the usa and things here still bad so at 8:30am easter time this baby will pop to the moon lololol.
dont think its gonna happen,. but who knows.. maybe it will go to the moon, maybe to the abyss??
  • #141,563
  • Jul 1, 2009 4:30am Jul 1, 2009 4:30am
Quoting Petar_Serbia
Why long,if price go down 30 pips more,that mean that go deep down ...

And new in dolar side...

We will see
Good enough reason for now....
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,564
  • Jul 1, 2009 4:36am Jul 1, 2009 4:36am
Hi
I agree with BB
i close my short and entered Long
1.6415 TP 1.6530
sl 1.6370 so hopes US session will rally
  • #141,565
  • Jul 1, 2009 4:40am Jul 1, 2009 4:40am
Quoting redrose
Hi
I agree with BB
i close my short and entered Long
1.6415 TP 1.6530
sl 1.6370 so hopes US session will rally
If today's low and trend line is broken than cable will likely go to hell.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,566
  • Jul 1, 2009 4:42am Jul 1, 2009 4:42am
i cannot speculate in this trade..the price action still bearish.. but it needs breakout to confirm.. even 1.6450 cannot be broken by any candle..

All candles closed below 1.6450.. its a minor resistance.. and if it stays like this.. most likely next candle will fall.. its just a thought.. no persuasive meaning... LOL..
  • #141,567
  • Jul 1, 2009 4:44am Jul 1, 2009 4:44am
Quoting Bull_Bear
If today's low and trend line is broken than cable will likely go to hell.
i prefer it go to lower than hell LOL...
  • #141,568
  • Jul 1, 2009 4:47am Jul 1, 2009 4:47am
Quoting mloistianto
i prefer it go to lower than hell LOL...
Stay with the trend, its your friend........ if she breaks than reverse
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,569
  • Jul 1, 2009 4:48am Jul 1, 2009 4:48am
Quoting Bull_Bear
Stay with the trend, its your friend........ if she breaks than reverse
of course, but an H1 trend is different from a daily trend.
TRADE FOR SWAP
  • #141,570
  • Jul 1, 2009 4:49am Jul 1, 2009 4:49am
it is still forming triangle and standing on 4 Hr trendline
it is still positive until trend line is not broken i agree with BB
  • #141,571
  • Jul 1, 2009 4:51am Jul 1, 2009 4:51am
Quoting cgldsmth
of course, but an H1 trend is different from a daily trend.
For trends, I only look at 4 hour as a min, other than that, anything lower is just noise.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,572
  • Jul 1, 2009 4:51am Jul 1, 2009 4:51am
Hi,
Which kind of line have you put on? Trend line? Gann? or something else? There are three trend lines...where their are come from?

Thanks,
LT
Quoting Bull_Bear
Good enough reason for now....
Discomfort and profit often stand side by side
  • #141,573
  • Jul 1, 2009 4:57am Jul 1, 2009 4:57am
I have moved my SL 1.6395 as forming triangle need a break through 1.6450 to breakout double top and then is small bull their
  • #141,574
  • Jul 1, 2009 4:59am Jul 1, 2009 4:59am
Quoting Bull_Bear
For trends, I only look at 4 hour as a min, other than that, anything lower is just noise.
1 mans noise is another mans detail
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #141,575
  • Jul 1, 2009 5:00am Jul 1, 2009 5:00am
Quoting mloistianto
i cannot speculate in this trade..the price action still bearish.. but it needs breakout to confirm.. even 1.6450 cannot be broken by any candle..

All candles closed below 1.6450.. its a minor resistance.. and if it stays like this.. most likely next candle will fall.. its just a thought.. no persuasive meaning... LOL..
Fully agree. I SEE no reason to go long. I have a "hunch" that we might trade higher, but hunches are not what one should trade. PRICE is showing me that it cannot break minor resistance at 6450 and failed at 6479 which was previous support (1H Murray Math Line). For me to think about going long, I need to see the following:

1. Strong move up through 6450
2. At least a 15Min candle open and close above 6479
3. Retest of 6479 as new support.

Without those, I see now reason to go long
  • #141,576
  • Jul 1, 2009 5:00am Jul 1, 2009 5:00am
I just wish it would pick a direction and GO...LOL

The long term 38 fib at 6428 is like a big magnet right now and price doesn't seem to be able to break away.

I don't really have a bias ATM but have a small long in "thinking" we may test 6600 again.
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Ghost Rider - WWTBMD?
  • #141,577
  • Jul 1, 2009 5:01am Jul 1, 2009 5:01am
Guys i play asian ses close candle low and there low price is 1.6403 if touch that price that mean that goes to down if touch high price 1.6498 go up,that is simple...

Petar,
Serbia team
"Buy on fear, sell on greed !!!
  • #141,578
  • Jul 1, 2009 5:08am Jul 1, 2009 5:08am
Quoting Zuke
Fully agree. I SEE no reason to go long. I have a "hunch" that we might trade higher, but hunches are not what one should trade. PRICE is showing me that it cannot break minor resistance at 6450 and failed at 6479 which was previous support (1H Murray Math Line). For me to think about going long, I need to see the following:

1. Strong move up through 6450
2. At least a 15Min candle open and close above 6479
3. Retest of 6479 as new support.

Without those, I see now reason to go long
THis is my man.. at least there is people agreed with me.. LOL..

Anyone could make any analysis.. no ones wrong.. stick to your rules.. then rock your pips.. happy trading all..
  • #141,579
  • Jul 1, 2009 5:08am Jul 1, 2009 5:08am
moved my SL ore little higher at 1.6403 as breaking ressistance on 5M trendline letshope it goes north now
  • #141,580
  • Jul 1, 2009 5:13am Jul 1, 2009 5:13am
Don't trust me ....

I don't know what i'm doing .... but i'm painting what i see only........
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