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Cable Update (GBPUSD)

  • #179,721
  • Oct 29, 2009 7:54am Oct 29, 2009 7:54am
Quoting nAVIN2007
news is a very dangerous thing to trade...pick a direction and just stick to it..everything i have learned about trading, my edge simply isnt working in this market..bulls are very strong!!!!!
need your opinion >>> I'm long ... waiting for 1.657 till me what do you think
If you count on hope in any trade ……. Get out of it
  • #179,722
  • Oct 29, 2009 7:55am Oct 29, 2009 7:55am
Quoting grashid
Nice joining the bears!!!
  • #179,723
  • Oct 29, 2009 7:56am Oct 29, 2009 7:56am
Quoting Bigvick991
It wants to go down...I can tell by just looking at it move...

Open short / keep it open.

The initial pop won't last an hour.

Still looking for Dollar to rally against pound and Euro today.

Be cool
unfortunately seeing is believing in this and despite the poor daillies, apart from today????? we havent actually closed lower than the weekly open which fortunately means we in a bull camp..

its just madness..usdflx chart is tanking but gbpflx is also losing strength
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  • #179,724
  • Edited 7:59am Oct 29, 2009 7:57am | Edited 7:59am
Hi, this is my last trade today... Hopefully. Because i am a super cautious trader, I put my SL to BE, According to my TL, this is it.. THanks to NAvin, for the pre cautious, so i move my SL to BE , 1 LOT now.
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  • #179,725
  • Oct 29, 2009 7:58am Oct 29, 2009 7:58am
Good day to you all,

Got through my meetings early, so back at home to look at the charts. Current levels of importance to me at the moment. Numbered and referenced:

1) 1.6494 - Upper level of the daily channel by high. - this level is calling price back.
2) The next resistance, should price continue with purpose past the 1.6500 round number, is sitting @ 1.6536 - this is the lower level of the weekly channel, by high.
3) the maximum range expected is sitting @ 1.6548
4) Here we have the high of yesterday @ 1.6466 - also the 50% line of last week in confluence at exactly the same number.
5) A bit lower down, we have the Tuesday high @ 1.6436

The level to watch is 1.6466. Do not even consider shorting if price is above this, unless you scalp. Even then, you only have a possible opportunity to 1.6436.

If 1.6436 breaks, re-tests and continue south, we will close the day around 1.6373

I hope this assists

Wish you all success
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  • #179,726
  • Oct 29, 2009 8:00am Oct 29, 2009 8:00am
Quoting mandoaddam
need your opinion >>> I'm long ... waiting for 1.657 till me what do you think

well i went short based on weekly pin aggressive sell..i havent a clue!!! as this is rising, we at the point where on retracement values are reached and thinks can change but i wont hold my breath
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  • #179,727
  • Oct 29, 2009 8:02am Oct 29, 2009 8:02am
Hi TauTrader,
how u been? this sterling scared me the last days, i sit out here but i really like your statements.
keep rockin
  • #179,728
  • Oct 29, 2009 8:02am Oct 29, 2009 8:02am
Quoting Pyramus
Nice joining the bears!!!
  • #179,729
  • Oct 29, 2009 8:04am Oct 29, 2009 8:04am
still keeping my (accidental) short at 6343, bu not feel uncomfortable, is something wrong with me? anybody is with me on shorts? the h1 seems like a good hunt for stops. and hope to see the h4 as a pin...
Chief Member of 220 mph Riders Club...
  • #179,730
  • Oct 29, 2009 8:05am Oct 29, 2009 8:05am
Quoting nAVIN2007
well i went short based on weekly pin aggressive sell..i havent a clue!!! as this is rising, we at the point where on retracement values are reached and thinks can change but i wont hold my breath
Why u dont put any SL nav?? long term Tradiing?? I also short @ 1.6428 and 1.6419 before, but sucked out by the BULL. and now I'm shorting again.. Good Luck to you, but i put my SL to BE, Because I short bigger lot,
  • #179,731
  • Oct 29, 2009 8:06am Oct 29, 2009 8:06am
Quoting TauTrader
Good day to you all,

Got through my meetings early, so back at home to look at the charts. Current levels of importance to me at the moment. Numbered and referenced:

1) 1.6494 - Upper level of the daily channel by high. - this level is calling price back.
2) The next resistance, should price continue with purpose past the 1.6500 round number, is sitting @ 1.6536 - this is the lower level of the weekly channel, by high.
3) the maximum range expected is sitting @ 1.6548
4) Here we have the high of yesterday @ 1.6466 - also the 50% line of last...
Good to hear your analysis. I am flat until this shakes out.
  • #179,732
  • Oct 29, 2009 8:06am Oct 29, 2009 8:06am
Further to yesterdays setup,

Entered long again last night after the initial rally up. Closed manually.

Will now sit and wait for the next high probability trade. No hurry.

Wish you all success

Regards
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  • #179,733
  • Oct 29, 2009 8:07am Oct 29, 2009 8:07am
Quoting TauTrader

If 1.6436 breaks, re-tests and continue south, we will close the day around 1.6373



Wish you all success
  • #179,734
  • Oct 29, 2009 8:09am Oct 29, 2009 8:09am
Quoting mloistianto
Why u dont put any SL nav?? long term Tradiing?? I also short @ 1.6428 and 1.6419 before, but sucked out by the BULL. and now I'm shorting again.. Good Luck to you, but i put my SL to BE, Because I short bigger lot,
i have a stop loss bro.. 1.6720..im playing the weekly chart..target is 1.60
  • #179,735
  • Oct 29, 2009 8:10am Oct 29, 2009 8:10am
Pound crosses consolidates from their rally except G/J
  • #179,736
  • Oct 29, 2009 8:13am Oct 29, 2009 8:13am
Quoting DubaiFX
Simple trend line,, if 1H not closed above trand line will be nice to see a short here..

Trade Wisely..
Longs be carefull Here .....

Its time to Short 6470

ITs not a trade call
just saying what i am seeing and trading..
Good luck Buys
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Don't compare your Trades with Others
  • #179,737
  • Oct 29, 2009 8:17am Oct 29, 2009 8:17am
Quoting egkid
I know it's might be dangerous but i buy 1.6396
Quoting egkid
I promise if it goes against me this time i will do that in future
Now i will hold it
Just Came early today from my work
Yesterday i add another short 1.6375
It as risky but my chart told me ,Both still open
Will check my chart now
Edit: Close half 1.6462
  • #179,738
  • Oct 29, 2009 8:19am Oct 29, 2009 8:19am
Quoting nAVIN2007
i have a stop loss bro.. 1.6720..im playing the weekly chart..target is 1.60
Ow, Of course, I Never bear a 300 SL, just could not help it. LOL, Good luck Bro, lets hope this candle continues south, even though my sentiment is Bullish at least until 1.66 or 1.67.. But i'm shorting now, so a run back to 1.6 is favorable..
  • #179,739
  • Oct 29, 2009 8:20am Oct 29, 2009 8:20am
playing the range..weekly pin suggest this $$££%^ hopefully would go to the bottom..but so far gone up anyway
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  • #179,740
  • Oct 29, 2009 8:23am Oct 29, 2009 8:23am
Quoting mloistianto
Ow, Of course, I Never bear a 300 SL, just could not help it. LOL, Good luck Bro, lets hope this candle continues south, even though my sentiment is Bullish at least until 1.66 or 1.67.. But i'm shorting now, so a run back to 1.6 is favorable..
im in very light bro..risk is less than 1% of account..
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