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Cable Update (GBPUSD)

  • #176,481
  • Oct 15, 2009 3:04am Oct 15, 2009 3:04am
Quoting Bull_Bear
The bitch took me out short again at

1.6159.. SL.. 1.6230... TP ... open

Heres' why...
Salute for your direction... ! Keep it strong, It will pay you the best. Stay on course brother.... by the way, I am just watching now, on Asian session toke 35 pips to my pocket. Very dangerous day... ! Be carefull bro!
  • #176,482
  • Oct 15, 2009 3:07am Oct 15, 2009 3:07am
Quoting bbmac
Depends which t/f you are on, 1min hidden divergence re-entry set-up (into next higher t/f trend+ after the pullback) just developed to give a 6105ask entry...a quick +20pips ...not holding for any extened gain/target as price has again reached the potential sbr zone shown on my post before this one, although sentiment is obviously bullish.. Will find a re-entry set-up above this potential sbr if price buys above it and such a set-up develops.

G/L

http://i35.tinypic.com/fqtte.gif
Yep there are entries on the 1 min. I usually do not go there but maybeeeee.
  • #176,483
  • Oct 15, 2009 3:08am Oct 15, 2009 3:08am
Quoting Bull_Bear
Dragon TP is 144.50....
Ok Dragon TP hit...

2 x 132 = 264 pips

and its reversed to the side too at:

144.50... SL.. 146.70... TP open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,484
  • Oct 15, 2009 3:08am Oct 15, 2009 3:08am
Quoting antic81
Quick one chaps...just wondering about the TF's here, a few people have mentioned that their 4 hour was closing in 10 mins...thing is mine is still 2 hours left...is this down to the server from the broker you are using?

I always thought they were all standard?

Maybe a daft question, but just wondering!
Different time zones and different brokers......my 4 hour doesnt close till 4am
  • #176,485
  • Oct 15, 2009 3:08am Oct 15, 2009 3:08am
Trading is not a gambling by guessing where the price will move, although there are many traders (mostly beginners) that are exactly gambling... Trading currencies on the Forex market requires logical and analytical calculations based either on fundamental or technical analysis of price moves.
  • #176,486
  • Oct 15, 2009 3:09am Oct 15, 2009 3:09am
I have adjusted the Fib level on my H4 chart new level is 1.6465 - 1.5710, we are sitting just below the 61.8 which could be a strong line of resistance at 1.6176, which is also close to my R3 daily pivot, think will see what happens at this point...
I really was quite sure about 1.6120...that didnt exactly work out well for me!

Still sitting on my hands!
  • #176,487
  • Oct 15, 2009 3:11am Oct 15, 2009 3:11am
Price has arrived around the 50% fib fan of 6740-5707 and 38.25 fibfan longer 7044-5707 move..Mni saying '..stronger offers to 6180..'

G/L, particularly to the bears in this pairing !
Attached Image
ex member
  • #176,488
  • Oct 15, 2009 3:12am Oct 15, 2009 3:12am
Quoting DeadCowboy
Do I have to repeat myself to you????....lol wait for it. Sorry bout your stop.
No need for your apologies mate... Just a P/L re-balance.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,489
  • Oct 15, 2009 3:12am Oct 15, 2009 3:12am
Quoting DeadCowboy
Different time zones and different brokers......my 4 hour doesnt close till 4am

Cheers, that does help, also explains why when I am looking at one of WB or BBs H4 charts and then looking at mine always leaves me thinking hmmm that doesnt look exactly the same! lol!
  • #176,490
  • Oct 15, 2009 3:13am Oct 15, 2009 3:13am
whydose gbp have bullish force ?!!!
  • #176,491
  • Oct 15, 2009 3:16am Oct 15, 2009 3:16am
why dose gbp have bullish force ?!!!
  • #176,492
  • Oct 15, 2009 3:18am Oct 15, 2009 3:18am
closed short ..big blow recieved. NEXT TRADE!!!

this move is crazy and very bullish, i think we looking at a reversal
  • #176,493
  • Oct 15, 2009 3:21am Oct 15, 2009 3:21am
all you guys trying to figure out why? it doesn't matter. it is what it is, a strong bullish up trend extending to 4hr t/f, that's it , plain and simple, more buyers than sellers...just trade what you see not what you think and stop trying to figure it out, for a tech trading edge, it doesn't matter...

G/L
ex member
  • #176,494
  • Oct 15, 2009 3:21am Oct 15, 2009 3:21am
Quoting Piters
mate.. it is up to him, and his system.. personality.. you cant tell to anyone how to manage his account - trades...

there are:

1. TREND traders... following the trend...
2. COUNTER trend Traders... picking the reversal points.. or trading retracements.
3. BREAKOUT trades.....
4. RANGE Trades.. inside the patterns (Flags, rectangles, triangles, wedges, ...ect)

THEN Time Frame...

1. Positioning
2. Swinging
3. Scalping...

And what kind of trader you are really depends of your time dedicated to your trades as well as your personality.. I...
Excellent post Pieters.
I agree with everything that you state except
" you cant tell to anyone how to manage his account - trades..." if it refers to me then i wish to point out that not in my wildest dreams i would ever tell anyone how to manage their account or trading style. In my 2 posts to Mr Azim i never alluded to how he must trade or manage his account.
Again good post and glad to hear that you have done well this week. Wishing you continued success.
  • #176,495
  • Oct 15, 2009 3:24am Oct 15, 2009 3:24am
Quoting doubledutch
Excellent post Pieters.
I agree with everything that you state except
" you cant tell to anyone how to manage his account - trades..." if it refers to me then i wish to point out that not in my wildest dreams i would ever tell anyone how to manage their account or trading style. In my 2 posts to Mr Azim i never alluded to how he must trade or manage his account.
Again good post and glad to hear that you have done well this week. Wishing you continued success.
cool mate.. Thanks...
  • #176,496
  • Oct 15, 2009 3:26am Oct 15, 2009 3:26am
Quoting bbmac
all you guys trying to figure out why? it doesn't matter. it is what it is, a strong bullish up trend extending to 4hr t/f, that's it , plain and simple, more buyers than sellers...just trade what you see not what you think and stop trying to figure it out, for a tech trading edge, it doesn't matter...

G/L

  • #176,497
  • Oct 15, 2009 3:29am Oct 15, 2009 3:29am
Quoting nAVIN2007
closed short ..big blow recieved. NEXT TRADE!!!

this move is crazy and very bullish, i think we looking at a reversal
I know, she's been a real bitch!!!

She farted through:

1. 1.6100 (32.8%)
2. 1.6120 (previous high)
3. 1.6130 (200 ema)
4. 1.6160 (upper TL)
5. 1.6200 (200 sma)

Dame alot of sore heads.... nursing mine now, hoping 200sma hold for a retrace.
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,498
  • Oct 15, 2009 3:30am Oct 15, 2009 3:30am
If ever I have wished I had stayed in my trade...today is it!
  • #176,499
  • Oct 15, 2009 3:30am Oct 15, 2009 3:30am
Price near to the underside of those previous ascending support trend lines on daily t/f, ...potential SBR ? Near-term fibs are 6216 - 38.2% 7044-5707, 6223- 50% 6740 -5707, 6287 - 76.4% 6466-5707.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 8 KB
ex member
  • #176,500
  • Oct 15, 2009 3:31am Oct 15, 2009 3:31am
Quoting peyman
why dose gbp have bullish force ?!!!
They are all right, it doesnt matter, but the dollar took a shit earlier, so expect more of it and check the dollar crosses for movement there as well. If the USD is listed first it will probably fall and vice versa.
And BTW, im lookin for the retrace and the blast to 1.6325. later.
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