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Cable Update (GBPUSD)

  • #182,301
  • Nov 11, 2009 1:10pm Nov 11, 2009 1:10pm
Quoting micho
My opinion is uptrend is getting tired... imo stand aside now
My opinion Trend up but this New Cycle to down, Call me nuts but it's going 1.60 Almost , It Suppose in few days as Max Time

Let watching any way
  • #182,302
  • Nov 11, 2009 1:16pm Nov 11, 2009 1:16pm
Quoting karimfx

holding my SHORT from 6730 TP 6280 SL 6880
it's so good to be GOOD
like i said.. holding my short
LOL
  • #182,303
  • Nov 11, 2009 1:20pm Nov 11, 2009 1:20pm
hi
let us see if daily candle will close above 1.6542 or not
  • #182,304
  • Nov 11, 2009 1:29pm Nov 11, 2009 1:29pm
Quoting egkid
My opinion Trend up but this New Cycle to down, Call me nuts but it's going 1.60 Almost , It Suppose in few days as Max Time

Let watching any way
i dont do hocus pocus
When life gives you lemons, make lemonade
  • #182,305
  • Nov 11, 2009 1:29pm Nov 11, 2009 1:29pm
Quoting micho
hey PAUL!!

see you around! i am not posting much charts anymore, i just say my opinion nowadays

good to see you too
That's a shame, as your charts and analysis always fell into the minority category that actually meant something.

Stick around...
  • #182,306
  • Nov 11, 2009 1:51pm Nov 11, 2009 1:51pm
looks like a bear trap equities holdng firm all day gold too
FUTURE OF MX
  • #182,307
  • Nov 11, 2009 2:00pm Nov 11, 2009 2:00pm
Quoting gammase1
That's a shame, as your charts and analysis always fell into the minority category that actually meant something.

Stick around...

Setting a pending buy trigger on EURUSD at 1.4966 target 1.4990

Stop loss at BE once we reach 1.4980
When life gives you lemons, make lemonade
  • #182,308
  • Nov 11, 2009 2:01pm Nov 11, 2009 2:01pm
Quoting Ctic
On the top side, we hit a major resistance point, had an Advance Block candle pattern and longer term charts are a down trend with lower highs and lower lows.
Hello Ctic,

Are you able to explain what an Advance Block candle pattern is please? I'd like to know more.

Thank you.
  • #182,309
  • Nov 11, 2009 2:51pm Nov 11, 2009 2:51pm
Quoting micho

Setting a pending buy trigger on EURUSD at 1.4966 target 1.4990

Stop loss at BE once we reach 1.4980
Stop loss at BE
When life gives you lemons, make lemonade
  • #182,310
  • Nov 11, 2009 3:14pm Nov 11, 2009 3:14pm
Quoting micho
Setting a pending buy trigger on EURUSD at 1.4966 target 1.4990

Stop loss at BE once we reach 1.4980
Stop loss at BE

It can go either ways from here, I will wake up tomorrow either with 0 or +22
When life gives you lemons, make lemonade
  • #182,311
  • Nov 11, 2009 3:53pm Nov 11, 2009 3:53pm
Quoting micho
Stop loss at BE

It can go either ways from here, I will wake up tomorrow either with 0 or +22
I wish you +22. good luck. tomorrow is important day
  • #182,312
  • Nov 11, 2009 4:45pm Nov 11, 2009 4:45pm
Has anyone ever had there trading platform bug out, and close there position in a -150 pips from the market price? I just went short, and as the trade went through, it was closed out in a supposed margin call. The short was at 1.6572, and i guess there system bugged out and closed me out at -157 pips, a price it never reached. I'm wondering if someone actually got it at 1.6744 or the broker took it?
  • #182,313
  • Nov 11, 2009 4:51pm Nov 11, 2009 4:51pm
Quoting kalparker
Has anyone ever had there trading platform bug out, and close there position in a -150 pips from the market price? I just went short, and as the trade went through, it was closed out in a supposed margin call. The short was at 1.6572, and i guess there system bugged out and closed me out at -157 pips, a price it never reached. I'm wondering if someone actually got it at 1.6744 or the broker took it?

If your on a live account complain they should reverse that trade as it was just a glitch.

Shame it didn't happen the other way hey, +157 just from opening a trade.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #182,314
  • Nov 11, 2009 4:57pm Nov 11, 2009 4:57pm
60% chance for bears, 40% for bulls, for at least 12 to 24hrs.

However more replacement before south is likely.

  • #182,315
  • Nov 11, 2009 5:02pm Nov 11, 2009 5:02pm
Quoting alex1976
60% chance for bears, 40% for bulls, for at least 12 to 24hrs.

However more replacement before south is likely.


retracement
  • #182,316
  • Nov 11, 2009 6:18pm Nov 11, 2009 6:18pm
Hello All,

Seems a wrench has been thrown in the uptrend. However it may not be over. Some nice short action there.

In an effort to not overtrade I have remained flat through this. Now looking for potential setup for tonight. Getting started a bit late here.

Hope you are all well!

Edit: WOW. correlation of dragon and cable is near identical on lower TFs.

Looking for potential longs.... looking to 6550 to hold as support.

current minor resistance broken.... on lower tf m5
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,317
  • Nov 11, 2009 6:33pm Nov 11, 2009 6:33pm
Count a bounce off an intraday bull trendline.

Nice RR...

Stupid easy money.. no spaghetti on my charts

http://img230.imageshack.us/img230/5639/gunov112.gif
lowest draw down possible please.
  • #182,318
  • Nov 11, 2009 6:37pm Nov 11, 2009 6:37pm
Watch the PA around the trendline!

http://img39.imageshack.us/img39/7418/gunov12i.gif
lowest draw down possible please.
  • #182,319
  • Nov 11, 2009 7:42pm Nov 11, 2009 7:42pm
Quoting dezsayin
Wondering if that's all the down move done for the day. After chewing up the big SL at 1.6550, it looks like it may want to take a breather for now.

Placed a sell stop below 1.6550, with a stop loss above 1.6660. Small trade.

Will see what happens when I wake up in 7 hrs

Z
Trade activated overnight, currently -55.

Looking over at EURGBP, barely moved in the last 9 hrs. This move up is more due to USD weakness than any GBP strength. Don't see any buying of GBP yet to make me think this is going up substantially.

Expecting this to head down to 1.6464, 5 Nov low, before likely having a go at the very strong support at 6260-6300.

Might change my mind if 1.666 is breached.

Z
I have no biases. I just trade what the charts tell me.
  • #182,320
  • Nov 11, 2009 7:45pm Nov 11, 2009 7:45pm
Nearing earlier resistance @ 6592 cable.

Dragon moving a bit faster. More short action.

Looking for potential long. IF supports hold. Otherwise will contemplate shorts.

I have been bullish cable for over a week now and do not like to trade against overall sentiment. However,
as earlier posted, a wrench has been thrown into the uptrend.

DOW is cooking, USD, still not anything to speak of. Bank holiday today.

Trying to follow my rule of watching PA and charting before "just entering"
when sitting down @ home, or away from charts for over 15 minutes.

A nice little breakout occurred after much sideways action that on the m1 was textbook of a theory I have for catching potential mini breakouts on the dip. Easy 30 pip ride up and if you like short action too.. I have posted it before and will look for post.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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