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Cable Update (GBPUSD)

  • #177,481
  • Oct 19, 2009 1:04pm Oct 19, 2009 1:04pm
Quoting Yngwie
1.64274 is a good resistance. You may sell now and put SL above it.
Good day to you,

Thanks for the permission..... Appreciated

Regards
  • #177,482
  • Oct 19, 2009 1:09pm Oct 19, 2009 1:09pm
what think guys
Attached Image (click to enlarge)
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  • #177,483
  • Oct 19, 2009 1:17pm Oct 19, 2009 1:17pm
Quoting nAVIN2007
..
navin...she break the flag
Attached Image (click to enlarge)
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  • #177,484
  • Oct 19, 2009 1:20pm Oct 19, 2009 1:20pm
Quoting kill
what think guys
Good day to you,

This is what I think - (I have added a note to yourt chart)

Regards
Attached Image
  • #177,485
  • Oct 19, 2009 1:20pm Oct 19, 2009 1:20pm
man the dow n oil eur every thing up only the cable is f;;;;;ed up
  • #177,486
  • Oct 19, 2009 1:21pm Oct 19, 2009 1:21pm
Quoting TauTrader
Good day to you,

This is what I think - (I have added a note to yourt chart)

Regards
great work bro uu are the man
  • #177,487
  • Oct 19, 2009 1:23pm Oct 19, 2009 1:23pm
becarefull of purple area ..it may bounce there..
  • #177,488
  • Oct 19, 2009 1:23pm Oct 19, 2009 1:23pm
Quoting nAVIN2007
..
....Wait and see
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  • #177,489
  • Oct 19, 2009 1:23pm Oct 19, 2009 1:23pm
Down to 1.6388..shorting was a profitable call at 1.64
  • #177,490
  • Oct 19, 2009 1:38pm Oct 19, 2009 1:38pm
Good day to you all,

A close in the region of 1.6432 by end today will void all short positions in the interim. a close below 1.6400 may signal more bearish sentiment going into the rest of the week.

We need to get to 1.6283 at least before we can continue the week on a bearish note. This is 100 pips away. We are very much still in bullish territory and you need to tread with caution...

Everything at this point indicates bullishness.

I am taking a high risk short here. This is far from a given....

Wish you all success

Regards
  • #177,491
  • Oct 19, 2009 1:46pm Oct 19, 2009 1:46pm
Quote
Good day to you all,

A close in the region of 1.6432 by end today will void all short positions in the interim. a close below 1.6400 may signal more bearish sentiment going into the rest of the week.

We need to get to 1.6283 at least before we can continue the week on a bearish note. This is 100 pips away. We are very much still in bullish territory and you need to tread with caution...

Everything at this point indicates bullishness.

I am taking a high risk short here. This is far from a given....

Wish you all success

Regards

Nice and simple explanation for newcomers like me
  • #177,492
  • Oct 19, 2009 1:51pm Oct 19, 2009 1:51pm
Quoting nAVIN2007
becarefull of purple area ..it may bounce there..
That's a good st target on a short. (~1.6371)

Past that, looking at another s/r area @ ~1.6355.

Always looking for the ema bubble to pop followed by
another gathering, compression and another release...
irrespective of the tf.

Dr. D.
Attached Image
  • #177,493
  • Oct 19, 2009 1:52pm Oct 19, 2009 1:52pm
Average short of 6408 =)
  • #177,494
  • Oct 19, 2009 1:58pm Oct 19, 2009 1:58pm
i see flag on the hourly and below...entered a long at 636..late night pips:0
  • #177,495
  • Oct 19, 2009 2:00pm Oct 19, 2009 2:00pm
Quote
Average short of 6408 =)

Enjoy the pips..you did predicted short at that level and your prediction is a hit !
  • #177,496
  • Oct 19, 2009 2:07pm Oct 19, 2009 2:07pm
Quoting jack.canadia
Average short of 6408 =)
Good day to you,

Very good avg.price to have gotten in for this current retrace. You have already made more pips on this trade, than what is needed on average to make a decent living....

Wish you all success

Regards
  • #177,497
  • Oct 19, 2009 2:15pm Oct 19, 2009 2:15pm
Good day to you all,

I have closed my short for +22. We are not finished with the upside....

Will see you all tomorrow

Regards
  • #177,498
  • Oct 19, 2009 2:16pm Oct 19, 2009 2:16pm
Alrighty then. I'll keep an eye for this.

Quoting TauTrader
Good day to you all,

A close in the region of 1.6432 by end today will void all short positions in the interim. a close below 1.6400 may signal more bearish sentiment going into the rest of the week.

We need to get to 1.6283 at least before we can continue the week on a bearish note. This is 100 pips away. We are very much still in bullish territory and you need to tread with caution...

Everything at this point indicates bullishness.

I am taking a high risk short here. This is far from a given....

Wish you all success

Regards
  • #177,499
  • Oct 19, 2009 2:26pm Oct 19, 2009 2:26pm
its not often u get 5 bullish dailly candle in a row..looks like bear was on holiday and returned

still need more proof thou
  • #177,500
  • Oct 19, 2009 2:26pm Oct 19, 2009 2:26pm
Quoting kingrex
I am seeing a double bottom. How far will it likely go before retrace?
Hi kingrex,

That multi timeframe indicator you have in the top left hand corner of your chart looks like it could be useful!
It gives you an instant view of what's happening on all timeframes.
Any chance of uploading the indicator or just the name of it so I can find it.

Cheers

HR
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