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Cable Update (GBPUSD)

  • #167,861
  • Sep 22, 2009 10:07pm Sep 22, 2009 10:07pm
i will wait this 4hr candle to close

if it didnot break the channel
and with the aid of a sochastic oscillator that is over 80

i will go short to the target of 1.6111

any one wants a ticket on that train ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #167,862
  • Sep 22, 2009 10:10pm Sep 22, 2009 10:10pm
I have not closed my short from last Tuesday yet. I am looking to add a position as I think this was just a retrace. Just looking for conformation.

Que

Quoting negro wolf
i will wait this 4hr candle to close

if it didnot break the channel
and with the aid of a sochastic oscillator that is over 80

i will go short to the target of 1.6111

any one wants a ticket on that train ?
Que
  • #167,863
  • Sep 22, 2009 10:14pm Sep 22, 2009 10:14pm
Quoting Que
I have not closed my short from last Tuesday yet. I am looking to add a position as I think this was just a retrace. Just looking for conformation.

Que


ok >> wait that next 4HR candle .. which i think will retrace from the
channel wall ... then we go on " south "
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #167,864
  • Sep 22, 2009 10:21pm Sep 22, 2009 10:21pm

i will wait for 1.6426 then i will buy

although am selling now

  • #167,865
  • Sep 22, 2009 10:27pm Sep 22, 2009 10:27pm
Good day to you all,

I am posting my chart with levels of importance to me right now. The chart is numbered and referenced:

1) This is an extremely important level for me. Sitting @ 1.6426. This is the 50% line for the monthly range. Be careful here... Should price clear this number the first time round, wait for pullback. Do not assume an automatic continuation on the first break.
2) This is the 50% line of last weeks range sitting @ 1.6457. This number is obviously weaker than the 1.6426 number. Should price purposefully break this level, we could technically move to 1.6490/1.6500.
3) A confluence of the 1.6400 round number and yesterdays high @ 1.6394 as well as the opening price of 2 weeks ago @ 1.6391. These will now offer support to price currently sitting above these.
4) The lower level of the daily channel by highs are sitting @ 1.6330
5) The monthly opening price @ 1.6287

So, to sum up for me, possible long above 1.6426 on second break. Short below 1.6390.

I hope this assists

Wish you success
Attached Image (click to enlarge)
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  • #167,866
  • Sep 22, 2009 10:29pm Sep 22, 2009 10:29pm
Quoting Mr.x

i will wait for 1.6426 then i will buy




although am selling now

why do you want to buy there?
Thank You
  • #167,867
  • Sep 22, 2009 10:41pm Sep 22, 2009 10:41pm
Anyway here's the short taken:
http://www.forexfactory.com/showpost...postcount=3020

And here's why:
http://www.forexfactory.com/showpost...postcount=3022

Let's see how this goes. Good luck
Thank You
  • #167,868
  • Sep 22, 2009 10:54pm Sep 22, 2009 10:54pm
if not break the trendline(yellow arrow) i add my new short
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  • #167,869
  • Sep 22, 2009 10:55pm Sep 22, 2009 10:55pm
Quoting wormboy
Anyway here's the short taken:
http://www.forexfactory.com/showpost...postcount=3020

And here's why:
http://www.forexfactory.com/showpost...postcount=3022

Let's see how this goes. Good luck
nice bro


lets diving
  • #167,870
  • Sep 22, 2009 11:00pm Sep 22, 2009 11:00pm
Quoting akumelayu
nice bro


lets diving
lets!

okay be back later. nak tidoq, baru sampai umah drive dari pagi buta tak larat ni.
later bro salam
Thank You
  • #167,871
  • Sep 22, 2009 11:01pm Sep 22, 2009 11:01pm
Quoting TauTrader
Good day to you all,


1) This is an extremely important level for me. Sitting @ 1.6426. This is the 50% line for the monthly range. Be careful here... Should price clear this number the first time round, wait for pullback. Do not assume an automatic continuation on the first break.
Good day all,

I just want to clarify this. I personally favour selling in the current environment. The 1.6426 level will be my first attempt to short. If we do not reach this level, I will short below 1.6390.

I mention the 1.6426 number as important. If I had a bullish bias, that would have been my area of buying.

Hope this makes more sense

Good trades!
  • #167,872
  • Sep 22, 2009 11:03pm Sep 22, 2009 11:03pm
Quoting wormboy
lets!

okay be back later. nak tidoq, baru sampai umah drive dari pagi buta tak larat ni.
later bro salam
wokey...nnti sabtu ni kalo aku p balik kgkat parit buntar aku p raya kedai hang..huhuh...
  • #167,873
  • Sep 22, 2009 11:03pm Sep 22, 2009 11:03pm
Hi guys, im with u the southbound train..check out pg 11187. I posted chart last night, but as a newbie to this site it takes upto six hrs for my posts to show
  • #167,874
  • Sep 22, 2009 11:08pm Sep 22, 2009 11:08pm
I've been trading profitably and consistently after Frankfurt opens but I have noticed that GBPUSD price action becomes very choppy when the London session opens.What causes the London chop?
  • #167,875
  • Sep 22, 2009 11:09pm Sep 22, 2009 11:09pm
Quoting TauTrader
Good day all,

I just want to clarify this. I personally favour selling in the current environment. The 1.6426 level will be my first attempt to short. If we do not reach this level, I will short below 1.6390.

I mention the 1.6426 number as important. If I had a bullish bias, that would have been my area of buying.

Hope this makes more sense

Good trades!
1.6426 is my 38.2% monthly fibo....
  • #167,876
  • Sep 22, 2009 11:11pm Sep 22, 2009 11:11pm
Quoting Flyer373
I've been trading profitably and consistently after Frankfurt opens but I have noticed that GBPUSD price action becomes very choppy when the London session opens.What causes the London chop?
what is london chop??? it is like a chicken chop??
  • #167,877
  • Sep 22, 2009 11:13pm Sep 22, 2009 11:13pm
Quoting akumelayu
1.6426 is my 38.2% monthly fibo....


Wish you success

Regards
  • #167,878
  • Sep 22, 2009 11:16pm Sep 22, 2009 11:16pm
Quoting TauTrader


Wish you success

Regards
u too my friend
  • #167,879
  • Sep 22, 2009 11:22pm Sep 22, 2009 11:22pm
i add my new short now....
  • #167,880
  • Sep 22, 2009 11:25pm Sep 22, 2009 11:25pm
where you short at?
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