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Cable Update (GBPUSD)

  • #176,941
  • Oct 16, 2009 1:04am Oct 16, 2009 1:04am
Quoting qp2
Hi Sunway,

I lack the experence of many traders here however to answer that fully I wold have to know your account size to position size, and your risk tollerance.

Having said that if it was me, and I know all the above about myself, I would hold, Frankfurt opens soon, and london an hour after that, stand by for a reversal or continuation, and within the next 3 hours a 100 pip move one way or another (on a typical day)

By the time it starts you will know, its to early to say yet.

Please make your own decision, I cannot do that for you....

thanx bro
my acc just usd1k and i play lot size 0.1 (10%)
  • #176,942
  • Oct 16, 2009 1:07am Oct 16, 2009 1:07am
Quoting qp2
Not crows or a valid reversal signal I can pick.

Happy trading

what do u mean by NOT CROWS
  • #176,943
  • Oct 16, 2009 1:10am Oct 16, 2009 1:10am
Quoting sunway
hi....
please advise me.. i already sell @ 1.6267
sill floating loss
can i hold the post or better close
coz some our freinds predict next week GU will down
never trust friends .. they are wrong also .. how can they predict at this point gu is bullish

maybe all the way to 1.6600 , although there has been sellers at 1.6400

you maybe lucky and get a retrace ... or you may not

I would cut loss

60 pip easy to recover form..... 260 is harder
Blogging daily now at www.volume.zone
  • #176,944
  • Oct 16, 2009 1:11am Oct 16, 2009 1:11am
hi
I think GBP confirms its high of today It was forecasted level of 1.6400...
  • #176,945
  • Oct 16, 2009 1:12am Oct 16, 2009 1:12am
Quoting malcolmb14
never trust friends .. they are wrong also .. how can they predict at this point gu is bullish

maybe all the way to 1.6600 , although there has been sellers at 1.6400

you maybe lucky and get a retrace ... or you may not

I would cut loss

60 pip easy to recover form..... 260 is harder

thanx a lot bro
  • #176,946
  • Oct 16, 2009 1:14am Oct 16, 2009 1:14am
Quoting malcolmb14
never trust friends .. they are wrong also .. how can they predict at this point gu is bullish

maybe all the way to 1.6600 , although there has been sellers at 1.6400

you maybe lucky and get a retrace ... or you may not

I would cut loss

60 pip easy to recover form..... 260 is harder

also when something makes odd moves there is someone or something behind it .... do not try and pick top until you see reversal on daily for one or 2 days.....(unless you play counter trend trades on 5 min charts )
Blogging daily now at www.volume.zone
  • #176,947
  • Oct 16, 2009 1:24am Oct 16, 2009 1:24am
Quoting GlobalMacro
--- >> Huge Buy Order Hitting The Market Taking Out 1.6300 Barrier
Hope u stop buying

or still buying ?
  • #176,948
  • Oct 16, 2009 1:25am Oct 16, 2009 1:25am
Quoting sunway
what do u mean by NOT CROWS
Hi Sunway,
In a previous post I anticipated the formation of a crow pattern on the 1 hour chart.

The close of the third candle did not give a confirmation of "crows" I have looked it up on the net and cannot attach the picture, but it is a chart pattern with 3 consequitive down candles.

I hope this helps.

Three Black Crows Pattern

In an uptrend three long black days occur with consecutively lower closes. Three Black Crows pattern suggests that the market has been at a high price for too long, and investors are beginning to compensate for it.
http://www.forexfactory.com/images/l...lack_crows.gif
The Three Black Crows Signal is a three candle bearish reversal pattern and is the opposite of Three White Soldiers.
This pattern occurs in an uptrend where three consecutive black bodies occur in sequence, each with a lower close.
Each should open within the previous body and the close should be near the low of the day.

  • #176,949
  • Oct 16, 2009 1:32am Oct 16, 2009 1:32am
defo retracement

im going long at 6279.....stop loss 6243

good luck all
  • #176,950
  • Oct 16, 2009 1:45am Oct 16, 2009 1:45am
short term bear for EU?
  • #176,951
  • Oct 16, 2009 1:45am Oct 16, 2009 1:45am
Time to take back.....
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 138 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,952
  • Oct 16, 2009 1:45am Oct 16, 2009 1:45am
Looking for a bounce off the 60 Minute 20 MA at 1.6277, if that breaks then selling to daily pivot at 1.6226. Should then look to go long at the daily pivot...

Anyone agree?
  • #176,953
  • Oct 16, 2009 1:47am Oct 16, 2009 1:47am
Just Login Today......
OMG... Ms Bear attack....
hope this GU down to the hell
still Floating - $38000 (micro)
pushh pusssh bear
  • #176,954
  • Oct 16, 2009 1:50am Oct 16, 2009 1:50am
Hi guys,

I'm short now....3 reasons for this:
1) Big Boyzs are gone, they made enough money yesterday....and we are friday time to spend money and fooling with the girls....night will be HOT
2) look at my chart below we are still below cloud on D1
3) tenkan (yellow line indicator) is still below kinjun blue line
.....so conclusion is simple Trend is still bearish.....and I love riding trends....be4 to-night

GL to all
Attached Image (click to enlarge)
Click to Enlarge Name: saisie1.gif Size: 37 KB
Non licet omnibus adire Corinthum
  • #176,955
  • Oct 16, 2009 1:52am Oct 16, 2009 1:52am
Quoting malcolmb14
never trust friends .. they are wrong also .. how can they predict at this point gu is bullish

maybe all the way to 1.6600 , although there has been sellers at 1.6400

you maybe lucky and get a retrace ... or you may not

I would cut loss

60 pip easy to recover form..... 260 is harder


thanx god
already close my sell post
loss 4pips only
  • #176,956
  • Oct 16, 2009 1:52am Oct 16, 2009 1:52am
Quoting esemes
hi
I think GBP confirms its high of today It was forecasted level of 1.6400...
How and were did you get this forecast? Thanks
  • #176,957
  • Oct 16, 2009 1:54am Oct 16, 2009 1:54am
anyone short from here(eu)?
Attached Image (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 124 KB
  • #176,958
  • Oct 16, 2009 1:58am Oct 16, 2009 1:58am
my prediction MAYBE GU will down to 6200
  • #176,959
  • Oct 16, 2009 1:59am Oct 16, 2009 1:59am
waiting for 1.62 and 1.46 in gbp/jpy to enter long, dont care for my opinion im crazy ^^
  • #176,960
  • Oct 16, 2009 1:59am Oct 16, 2009 1:59am
Good day to U'all... Today looks like a quiet day. Cable would be flat thru out. Expect hovering up & down 30-40 pips. Good for scappers but me I wait... Goodluck
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