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Cable Update (GBPUSD)

  • #162,181
  • Sep 1, 2009 5:08am Sep 1, 2009 5:08am
Quoting Pyramus
I have learned the hard way already and been there also learned from my previous mistakes I can easily spot re-occuring trade scenario and learned how to trade them that is just for me of course. But one thing is for sure I'm just risking a small portion of what I had already earned for today's trade.
Ok good luck mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,182
  • Sep 1, 2009 5:14am Sep 1, 2009 5:14am
Just waiting for it to break out of this 15m channel now. Then on our way to 6180.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_15m.gif Size: 39 KB
Ghost Rider - WWTBMD?
  • #162,183
  • Sep 1, 2009 5:16am Sep 1, 2009 5:16am
Quoting Bull_Bear
Ok good luck mate
Same with you Good luck
  • #162,184
  • Sep 1, 2009 5:18am Sep 1, 2009 5:18am
A much changed intraday picture in this pairing as the sell-off from the previous 1hr/4hr swing hi zone at the 76.4% fib of the 6443-6151 swing (current i/day hi) assisted by reaction to the weak Uk data has now seen a 5min downtrend develop with macd signals crossing their ma lines to the downside to the 1hr t/f.

Price has made a new intraday low below the asian session low @ 6252 area and the current pip range today is 160 exactly athe moving average daily pip range of 160. 30min 1hr and 4hr are now ranging with a current downside biais.

The 2 obvious near-term previous swing lo zones shown on 1hr chart posted in purple below current price are co-existant on the 4hr t/f too.

G/L

http://i32.tinypic.com/2s9afyr.gif
ex member
  • #162,185
  • Sep 1, 2009 5:19am Sep 1, 2009 5:19am
Quoting albchr
  • #162,186
  • Sep 1, 2009 5:20am Sep 1, 2009 5:20am
Quoting bbmac
A much changed intraday picture in this pairing as the sell-off from the previous 1hr/4hr swing hi zone at the 76.4% fib of the 6443-6151 swing (current i/day hi) assisted by reaction to the weak Uk data has now seen a 5min downtrend develop with macd signals crossing their ma lines to the downside to the 1hr t/f.

Price has made a new intraday low below the asian session low @ 6252 area and the current pip range today is 160 exactly athe moving average daily pip range of 160. 30min 1hr and 4hr are now ranging with a current downside biais.

The...
how are u buddy...
  • #162,187
  • Sep 1, 2009 5:26am Sep 1, 2009 5:26am
Hi Nav, I'm good thx, good to see you are still at it and live again..best of luck with it...catch u later.
ex member
  • #162,188
  • Sep 1, 2009 5:27am Sep 1, 2009 5:27am
Quoting Pyramus
I have learned the hard way already and been there also learned from my previous mistakes I can easily spot re-occuring trade scenario and learned how to trade them that is just for me of course. But one thing is for sure I'm just risking a small portion of what I had already earned for today's trade.

u have to technically know exactly where this thing can move to b4 yur wrong and give it every chance....this was very easy trade to sell cause of dailly..forex isnt easy so market players manipulate movement so - trade what u see folks, get killed who have no technical knowledge..dont be fooled this game is difficult for the traders in banks...where do u see people like us..successfull! (only a selected handfull the rest are just the ego's of traders, talking large because its a way of consouling the spirit) after the loss

learn the game and take a chance of probability.....
the people that are good at this are the strong minded people IMHO
  • #162,189
  • Sep 1, 2009 5:30am Sep 1, 2009 5:30am
Quoting nAVIN2007
Hey Nav... Enjoying the ride? "again"....lol....
Ghost Rider - WWTBMD?
  • #162,190
  • Sep 1, 2009 5:30am Sep 1, 2009 5:30am
Quoting nAVIN2007
u have to technically know exactly where this thing can move to b4 yur wrong and give it every chance....this was very easy trade to sell cause of dailly..forex isnt easy so market players manipulate movement so

trade what u see folks get killed who have know technical knowledge..dont be fooled this game is difficult for the traders in banks...where do u see people like us..successfull (only a selected handfull the rest are just the ego of traders, talking large because its a way of consouling the spirit)

well...there you go brother...I couldn't put it any better...

All the best to you my friend...
Hear the music before the song is over ...
  • #162,191
  • Sep 1, 2009 5:30am Sep 1, 2009 5:30am
Hi all,

Still holding long 16178.

Friendly message for the bears this week, Stop losses need to be taken out above 16380 lol.

Happy trading, see you later in the week as busy scalping ATM.
Attached Image
  • #162,192
  • Sep 1, 2009 5:31am Sep 1, 2009 5:31am
Quoting Bull_Bear
That was fruitful. What made you go long? Any method behind your trading decision? These are the imposing question for you to think about when you place a every trade. food for thought......
food? mmmmmmmmmmmmmm
think I better run out and grab some. Break fast in an hour or so .. later bro

time to get down!

Inserted Video
Thank You
  • #162,193
  • Sep 1, 2009 5:34am Sep 1, 2009 5:34am
Quoting GlobalMacro
well...there you go brother...I couldn't put it any better...

All the best to you my friend...

thanks man ...

be lucky
  • #162,194
  • Sep 1, 2009 5:36am Sep 1, 2009 5:36am
Quoting albchr
Hey Nav... Enjoying the ride? "again"....lol....
hope so ..this time we need to be carefull at 1.62
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 25 KB
  • #162,195
  • Sep 1, 2009 5:45am Sep 1, 2009 5:45am
Quoting nAVIN2007
hope so ..this time we need to be carefull at 1.62
Stay true to your shorts bro..... I am
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,196
  • Sep 1, 2009 5:47am Sep 1, 2009 5:47am
Quoting direct-trade
Hi all,

Still holding long 16178.

Friendly message for the bears this week, Stop losses need to be taken out above 16380 lol.

Happy trading, see you later in the week as busy scalping ATM.
DT you have finally surfaced my friend. How you been keeping? I see you in preparing stop loss, except its on the wrong side bro... lol
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,197
  • Sep 1, 2009 5:51am Sep 1, 2009 5:51am
Quoting nAVIN2007
hope so ..this time we need to be carefull at 1.62
Agreed. But let it go ahead and turn up again. I don't care. I kind of see myself as an elevator operator these days. Just riding it up and down all day....
Ghost Rider - WWTBMD?
  • #162,198
  • Sep 1, 2009 5:55am Sep 1, 2009 5:55am
Crucial level is 1.6220 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,199
  • Sep 1, 2009 5:58am Sep 1, 2009 5:58am
Quoting Bull_Bear
Stay true to your shorts bro..... I am
i sold quite high up....surely it cant go up again...TA definately support the fall now...dailly should close bearish and that will hopefully bring sellers in....this move is to shake off the noise....

the corective movement has put the markets in sinks again

ie usdcad looked like it was falling, now the mofo is heading up, reversal...good sign for us
dragon as well, swissy up...we looking good!
  • #162,200
  • Sep 1, 2009 6:01am Sep 1, 2009 6:01am
Quoting nAVIN2007
i sold quite high up....surely it cant go up again...TA definately support the fall now...dailly should close bearish and that will hopefully bring sellers in....this move is to shake off the noise....

the corective movement has put the markets in sinks again

ie usdcad looked like it was falling, now the mofo is heading up, reversal...good sign for us
dragon as well, swissy up...we looking good!
Nice coverage mate
Veni, Vidi, Vici (We came, we saw, we conquered)
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