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Cable Update (GBPUSD)

  • #164,001
  • Sep 8, 2009 1:34am Sep 8, 2009 1:34am
Quoting USDmakers
i was closed my short position and now i am in a long position
can i know your idea anout my analysis

humm

i was transferd my Sl to open price and follow with free risk for my Tp (1.399)
Good luck
  • #164,002
  • Sep 8, 2009 1:37am Sep 8, 2009 1:37am
Quoting TauTrader
Without sounding totally stupid - would you care to explain the significance of this formation? What does it tell you?

Thanking you
another way to look at it is if u take the open and close for the 3 days and add the them together....what would u get....?

3 day pin
  • #164,003
  • Sep 8, 2009 1:40am Sep 8, 2009 1:40am
Quoting TauTrader
I see. Note made. Thank you for taking the time. Appreciated.

Have a good one!

Highest regards
good luck to you too
Thank You
  • #164,004
  • Sep 8, 2009 1:41am Sep 8, 2009 1:41am
Quoting nAVIN2007
another way to look at it is if u take the open and close for the 3 days and add the them together....what would u get....?

3 day pin
Nav how's it going bro. Any position?
Thank You
  • #164,005
  • Sep 8, 2009 1:42am Sep 8, 2009 1:42am
Quoting wormboy
good luck to you too
yo bro...am in a bit of a mess with dragon here.........hehe
yesterday was a mess.....lol

will see what happens at 151.00 if it can get there
Attached Image (click to enlarge)
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  • #164,006
  • Sep 8, 2009 1:46am Sep 8, 2009 1:46am
Gold through 1000, just fyi... (concerning the dollar).
  • #164,007
  • Sep 8, 2009 1:47am Sep 8, 2009 1:47am
Quoting nAVIN2007
yo bro...am in a bit of a mess with dragon here.........hehe
yesterday was a mess.....lol
whoa.
bought right off the top of the channel there.
last spike down tested the ltl of the channel, keep an eye on that one bro.
Here it is:
http://www.forexfactory.com/showpost...postcount=2835
Thank You
  • #164,008
  • Sep 8, 2009 1:49am Sep 8, 2009 1:49am
Quoting wormboy
whoa.
bought right off the top of the channel there.
last spike down tested the ltl of the channel, keep an eye on that one bro.
Here it is:
http://www.forexfactory.com/showpost...postcount=2835

i bought the high of the pin on weekly, it happens mostly u go into drawdown....i thought since the dailly will close bearish..if i have a sell i can reduce my risk as the stop loss is 400 pips away on the long..massive SL

not the best trade as it counter trend...

thanks man!..nice chart
  • #164,009
  • Sep 8, 2009 2:00am Sep 8, 2009 2:00am
Quoting nAVIN2007
i bought the high of the pin on weekly, it happens mostly u go into drawdown....i thought since the dailly will close bearish..if i have a sell i can reduce my risk as the stop loss is 400 pips away on the long..massive SL

not the best trade as it counter trend...

thanks man!..nice chart
Okay.
That's a very risky trade tho since last week's close was the first that it heavily tested the major ltl since January this year. Plus the hammer does not have a bullish close yet as a follow through to confirm a reversal is in the making. I still think below the subutl1a is bearish.
Hopefully it goes as plan on your side bro. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gjw.JPG Size: 69 KB
Thank You
  • #164,010
  • Sep 8, 2009 2:12am Sep 8, 2009 2:12am
Quoting wormboy
Okay.
That's a very risky trade tho since last week's close was the first that it heavily tested the major ltl since January this year. Plus the hammer does not have a bullish close yet as a follow through to confirm a reversal is in the making. I still think below the subutl1a is bearish.
Hopefully it goes as plan on your side bro. Good luck
i know .....i totally misjudged 153 as resistance.....was stupid
  • #164,011
  • Sep 8, 2009 2:16am Sep 8, 2009 2:16am
A tale of 2 x 76.4% fibs so far today, the Asian Lo @ the 76.4% of the 6285-6442 swing, and current resistance found at the 76.4% of yesterday's Hi to said asian Lo 6442-6320.

The near-term 1hr chart as I see it is below, and for potential resistance above 6442 ...turn to the 4hr chart;

G/L

http://i25.tinypic.com/2u63hcn.gif
ex member
  • #164,012
  • Sep 8, 2009 2:16am Sep 8, 2009 2:16am
Quoting nAVIN2007
i know .....i totally misjudged 153 as resistance.....was stupid
yup. A strong one too. I reckon a close below 151.50 level the massive H&S/ doubletop is likely to resume.
Let's see how it goes
Thank You
  • #164,013
  • Sep 8, 2009 2:21am Sep 8, 2009 2:21am
Quoting wormboy
yup. A strong one too. I reckon a close below 151.50 level the massive H&S/ doubletop is likely to resume.
Let's see how it goes

yep impossible to know where this &^*$$$% ^ is going
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 38 KB
  • #164,014
  • Sep 8, 2009 2:34am Sep 8, 2009 2:34am
The top zone shown on my 1hr chart in a psot above here is co-existant with a previous swing hi=previous resistance=potential resistance zone on the 4hr and of course yesterday's hi @ 6442 fell at the top of that zone and was another rejection of the underside of previous Daily ascending support trend line (asc channel) ...this is where cable has to break for a bullish tone to continue?

G/L

http://i28.tinypic.com/2rqy51u.gif
ex member
  • #164,015
  • Sep 8, 2009 3:10am Sep 8, 2009 3:10am
looks like yesterday totaly clouded the candles.....
  • #164,016
  • Sep 8, 2009 3:20am Sep 8, 2009 3:20am
next target on the daily 1.6542
  • #164,017
  • Sep 8, 2009 3:20am Sep 8, 2009 3:20am
Hi BBMac. you calling a long on cable now? cable has run up quite a bit today. could you comment on what levels you're striking, tp and sl levels? cheers
  • #164,018
  • Sep 8, 2009 3:25am Sep 8, 2009 3:25am
anybody can show how LONG GU can be?
  • #164,019
  • Sep 8, 2009 3:27am Sep 8, 2009 3:27am
Quoting drfx
Hi BBMac. you calling a long on cable now? cable has run up quite a bit today. could you comment on what levels you're striking, tp and sl levels? cheers

Hi, I am not nor will ever make calls, (I wouldn't, and actually I am on a 1min trigger so by the time I have entered and placed a stop it would not be real-time posting on a forum so would be useless to anyone anyway) but I will point out potential support/resistance on the 1hr+ time frames as well as possible b/o levels, trend and sentiment both intraday and longer.

G/L
ex member
  • #164,020
  • Edited 3:32am Sep 8, 2009 3:31am | Edited 3:32am
I was not going to post much today as I thought PA could be slow lol. Trying to pull recent posts together into one post for future reference.

Charts relating to my analysis/entries and current positions here:


http://www.forexfactory.com/showpost...stcount=163975

After the recent rise I have decided to lock in some profits:

Cable:

1st long position from 16162 currently +340 (price currently 16492), SL moved to +200.

2nd long position from 16338 currently +154 (price currently 16492), SL moved to B/E.

GBP/JPY:

1st long position from 15119 currently +100 (15219), SL moved to B/E.

2nd long position from 15177 currently +42 (15219), SL @ 15119

USD/JPY

1st long position from 9256 currently -30 (9226), SL @ 9145

2nd long position from 9277 currently -51 (9226), SL @ 9167

Hopefully will see GBP/JPY 2nd positions and USD/JPY 1st and 2nd positions moved to BE later today.

Happy trading
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