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Cable Update (GBPUSD)

  • #179,501
  • Oct 28, 2009 12:21pm Oct 28, 2009 12:21pm
Quoting calderone
Our targets are reached for now. I am gonna try again tomorrow. Hope to see you here.
Good day to you,

Yes, closed both positions - 1 @ 1.6460 and 1 @ 1.6458...

Finished for the day. Now eat, shower and then a date with my wife...

I do hope that you got some pippies from this move.

I wish you all success

regards
  • #179,502
  • Oct 28, 2009 12:22pm Oct 28, 2009 12:22pm
Quoting GlobalMacro
Hi Nav,

Usdx is comprised of 57.6% euro....so the moves there always mirror each other...

gold is priced in dollars & not sterling...again there you have it....

look at e/u & e/g and cable.....and you'll notice that pound sterling and euro are truely two different currencies and hence do their own thing....otherwise sterling would be in the common currency system.....

so it all makes perfect sense brother....
thanks bro..i didnt realise euro was weighted so much..
  • #179,503
  • Oct 28, 2009 12:23pm Oct 28, 2009 12:23pm
Good bye bears, hello bulls.
  • #179,504
  • Oct 28, 2009 12:23pm Oct 28, 2009 12:23pm
Quoting alex1976
Hi Wormboy,

Are traders just chopping wood before we resume south train?
Hi alex. Wouldn't know anything about that tbh.
I just sold @6458.
Chart below shows why I sold & where I'd kill the trade & go long if the current trade does not work out.

Have a good one & good luck
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Thank You
  • #179,505
  • Oct 28, 2009 12:24pm Oct 28, 2009 12:24pm
any1 catch the short from 50% of move as shown on 4hour chart, interesting to see if it holds, further resistance at 16484....
Attached Image
Trading is 80% Emotional, 20% Technical
  • #179,506
  • Oct 28, 2009 12:25pm Oct 28, 2009 12:25pm
welcome 1.66 & 1.67 accordingly......

http://www.forexfactory.com/showpost...stcount=179172

http://www.forexfactory.com/showpost...stcount=205898

why? pross sell at medium price to 153? mmm

it should from the top...let see what happen......

come poll of ur sentiment here :-

http://www.forexfactory.com/showthread.php?t=203842

Good luck guys
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  • #179,507
  • Oct 28, 2009 12:25pm Oct 28, 2009 12:25pm
Quoting Magix
Throw a 24 ma on your 1m chart and watch the effect when is above and below the 200 ma...

Waaaaaaaaaaaay better scalp ops.

Once you start to see those, you can get in and out on the 5m for the bigger swings....

Hey Majix, nice work as ever!

Could i ask why you use a 24ma and not 20?

Thanks and all the best.
  • #179,508
  • Oct 28, 2009 12:26pm Oct 28, 2009 12:26pm
Quoting Touchdown
Tough week so far for sure guys, too much volatility for my liking.

We had a break to the downside of the uptrend channel earlier so loaded up on shorts only to see it reverse back up again. We are back in the uptrend now though, so I'm very bullish again. We had one excellent opportunity to enter long at 1.6360, which is the bottom of the channel. Looking for a small retrace back to 1.6383 to add to my longs.

My entry points

1.6363, TP 1.6483
1.6383, TP 1.6533

SL 1.6333

Good luck to you all.
Price respected bottom trend line as expected (and hoped). Lets see if 1.6433 level can hold as support now on the retrace. If not will take half and move SL to BE for the remaining half with TP at 1.6483.
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  • #179,509
  • Oct 28, 2009 12:33pm Oct 28, 2009 12:33pm
Quoting wormboy
Hi alex. Wouldn't know anything about that tbh.
I just sold @6458.
Chart below shows why I sold & where I'd kill the trade & go long if the current trade does not work out.

Have a good one & good luck
Same here sold at 1.6454
  • #179,510
  • Oct 28, 2009 12:40pm Oct 28, 2009 12:40pm
long wick hammer on 1hr maybe.
  • #179,511
  • Oct 28, 2009 12:41pm Oct 28, 2009 12:41pm
Quoting Pyramus
Same here sold at 1.6454

good luck
Thank You
  • #179,512
  • Oct 28, 2009 12:41pm Oct 28, 2009 12:41pm
Quoting nAVIN2007
thanks bro..i didnt realise euro was weighted so much..
Hear the music before the song is over ...
  • #179,513
  • Oct 28, 2009 12:42pm Oct 28, 2009 12:42pm
Quoting GlobalMacro
Hi Nav,

Usdx is comprised of 57.6% euro....so the moves there always mirror each other...

gold is priced in dollars & not sterling...again there you have it....

look at e/u & e/g and cable.....and you'll notice that pound sterling and euro are truely two different currencies and hence do their own thing....otherwise sterling would be in the common currency system.....

so it all makes perfect sense brother....
http://www.forexfactory.com/showthre...53#post3185453
Again
was ging to say so
  • #179,514
  • Oct 28, 2009 12:45pm Oct 28, 2009 12:45pm
Quoting wormboy
Hi alex. Wouldn't know anything about that tbh.
I just sold @6458.
Chart below shows why I sold & where I'd kill the trade & go long if the current trade does not work out.

Have a good one & good luck
  • #179,515
  • Oct 28, 2009 12:49pm Oct 28, 2009 12:49pm
Quoting egkid
http://www.forexfactory.com/showthre...53#post3185453
Again
was ging to say so

yup....there you go....there is a big misconception that usdx is a huge basket of different currencies whereas in reality it's practically nothing more than euro-inverse!
Hear the music before the song is over ...
  • #179,516
  • Oct 28, 2009 12:51pm Oct 28, 2009 12:51pm
is that what the call a bull trap??
  • #179,517
  • Oct 28, 2009 12:54pm Oct 28, 2009 12:54pm
Quoting egkid
Yep,Selling us$ ,Us index 4h sell And g/u look bullish to me that give more posibilty to Up move
I'm long 1.6375 let see
4H close above my mention Target 1.6375
GL all
Edit put my Sl 1.6325 time to get some sleep,cya
All my winning trade without sl ,When i put sl due to i go away long time hit my sl and goes as my view
Any way my 1h chart below and by the way i'm going to long when i see nice point ,no shorts to me
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  • #179,518
  • Oct 28, 2009 12:54pm Oct 28, 2009 12:54pm
Quoting alex1976
is that what the call a bull trap??
to early to tell..am short cause of weekly rejection but i wont be suprised to see this take out my stop loss..
  • #179,519
  • Oct 28, 2009 1:01pm Oct 28, 2009 1:01pm
Quoting GlobalMacro
yup....there you go....there is a big misconception that usdx is a huge basket of different currencies whereas in reality it's practically nothing more than euro-inverse!
You know GM it took 2Y to me to find out what you just said hope newbie write this
  • #179,520
  • Oct 28, 2009 1:02pm Oct 28, 2009 1:02pm
Big spike today seems to have changed the way I am looking at the chart.
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