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Cable Update (GBPUSD)

  • #182,641
  • Nov 13, 2009 12:36am Nov 13, 2009 12:36am
Waiting for week to close for confirmation. I can see double top forming on 4hr chart it's currently at the neck line. Same formation on 8hr chart.
Cable has been ranging inside BB since late June. Upper band is offering resistance to top of pinbar.
I think if it dips under 1.6500 it will continue towards 20SMA and retrace back from yearly 1.00 fib line to the .764 level.
I hope I'm making sense
  • #182,642
  • Nov 13, 2009 12:38am Nov 13, 2009 12:38am
Morning All Family
Where are we now with G/U
  • #182,643
  • Nov 13, 2009 12:41am Nov 13, 2009 12:41am
Quoting ozpips
Waiting for week to close for confirmation. I can see double top forming on 4hr chart it's currently at the neck line. Same formation on 8hr chart.
Cable has been ranging inside BB since late June. Upper band is offering resistance to top of pinbar.
I think if it dips under 1.6500 it will continue towards 20SMA and retrace back from yearly 1.00 fib line to the .764 level.
I hope I'm making sense
You're making perfect sense to me my friend. You gotta plan, stick to it in spite of what others might say. The only way to win at this game consistently is doing it on your own!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,644
  • Nov 13, 2009 12:42am Nov 13, 2009 12:42am
.......n i short from here 6600
  • #182,645
  • Nov 13, 2009 12:49am Nov 13, 2009 12:49am
Quoting grashid
.......n i short from here 6600
Have u got a signal? which tf?
I think close my sell If we go 1.6610
  • #182,646
  • Nov 13, 2009 12:49am Nov 13, 2009 12:49am
Time to switch to a 15m chart to watch the ema's gather
(the 5m and 1m don't figure in this current configuration as
their ema's are fully separated from previous small releases).

The best scenerio is to see the pair trade just above 1.6600
to pull the ema's together tightly on the 15m (and 30m charts
which is also showing a good compression formation). Once
formed this then could release off of a full compression to finally
trigger the 1h chart into separation.

Current ranging between 1.6580 and 1.6603 (low and high on
the 9 1hr ema's) will compress the 1h chart even further and
add even more energy to the eventual breakout. With all three
time frames separating in sync that would be a very powerful.

Dr. D.
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  • #182,647
  • Nov 13, 2009 12:52am Nov 13, 2009 12:52am
Quoting egkid
Have u got a signal? which tf?
I think close my sell If we go 1.6610
just having some fun to let PA moved lol
  • #182,648
  • Nov 13, 2009 12:56am Nov 13, 2009 12:56am
Quoting Magix
You're making perfect sense to me my friend. You gotta plan, stick to it in spite of what others might say. The only way to win at this game consistently is doing it on your own!
Thanks Magix,

I also forgot to add that if you link up the past 3 previous weekly highs from may, august, and this week's they make a nice triangle.
We'll see how the week ends..
Cheers
  • #182,649
  • Nov 13, 2009 12:58am Nov 13, 2009 12:58am
stand aside... choppy upwards move
When life gives you lemons, make lemonade
  • #182,650
  • Nov 13, 2009 1:04am Nov 13, 2009 1:04am
looks good so far. keep going up! the major news came out and no real movement.
  • #182,651
  • Nov 13, 2009 1:08am Nov 13, 2009 1:08am
Quoting micho
stand aside... choppy upwards move
am short every rallies sl=6660
  • #182,652
  • Nov 13, 2009 1:10am Nov 13, 2009 1:10am
Quoting grashid
.......n i short from here 6600
Same here. @1.6612.. LOL. small lot thou.. Toast..

my sl 1.6670..
  • #182,653
  • Nov 13, 2009 1:14am Nov 13, 2009 1:14am
Quoting mloistianto
Same here. @1.6612.. LOL. small lot thou.. Toast..
..another one 6620 ..look like PA like my call...
just react when i appear ..just joking
  • #182,654
  • Nov 13, 2009 1:18am Nov 13, 2009 1:18am
Quoting grashid
am short every rallies sl=6660
I like your trade it's risky but have an idea and faith
and good SL
  • #182,655
  • Nov 13, 2009 1:18am Nov 13, 2009 1:18am
Quoting grashid
am short every rallies sl=6660
no signals...
When life gives you lemons, make lemonade
  • #182,656
  • Nov 13, 2009 1:20am Nov 13, 2009 1:20am
CRIPES!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,657
  • Nov 13, 2009 1:23am Nov 13, 2009 1:23am
Quoting grashid
..another one 6620 ..look like PA like my call...
just react when i appear ..just joking
I'm done calling. LOL. too many lots on my side. this is my limit. if everything goes wrong. i can save the call @ BE.
  • #182,658
  • Nov 13, 2009 1:26am Nov 13, 2009 1:26am
Quoting mloistianto
I'm done calling. LOL. too many lots on my side. this is my limit. if everything goes wrong. i can save the call @ BE.
i still have that 2 at 6815 ..that is why am not owrried....i think same goes to u right?....mate..dun pretend
  • #182,659
  • Nov 13, 2009 1:26am Nov 13, 2009 1:26am
It has been retraced since last night (GMT +8). Now is good time to short. 1.6610 entry trigger. above 120pips from this price indicate trend change until end of today.

TP. 1.6520

Happy trading.
Trade what you see. Write what you feel
  • #182,660
  • Nov 13, 2009 1:27am Nov 13, 2009 1:27am
well i took this ride short some 20 hours ago hoping for a 1.6400 ish from a high time frame, back at entry now hmmmpp pummmmp, woulda shoullda, took the 90 pips it had on the table ( while i was sleeping) , no matter i too feel we are sailing south.

lets hope we all have a nice ride today!!!

pips to the PARTY!!!!!
if i used every commercial EA i would be a brazilianare by next week!!!!
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