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Cable Update (GBPUSD)

  • #183,921
  • Nov 19, 2009 3:36am Nov 19, 2009 3:36am
Quoting koraman
Hmm... Don't see any real reaction...
...revision i think....keep your short!
  • #183,922
  • Nov 19, 2009 3:41am Nov 19, 2009 3:41am
Quoting 30pips
...revision i think....keep your short!
man i have no idea why you persist on it... but i don't trade around news
  • #183,923
  • Nov 19, 2009 3:42am Nov 19, 2009 3:42am
will look for possible short after the retrace
  • #183,924
  • Nov 19, 2009 3:44am Nov 19, 2009 3:44am
Quoting 30pips
...revision i think....keep your short!
Keep&Hope.
  • #183,925
  • Nov 19, 2009 3:48am Nov 19, 2009 3:48am
if cable break 1.6715 then long wave will start heavily
  • #183,926
  • Nov 19, 2009 3:53am Nov 19, 2009 3:53am
Quoting koraman
Keep&Hope.
hope is meaningless on market brother
  • #183,927
  • Nov 19, 2009 3:54am Nov 19, 2009 3:54am
we are at yesterdays close line
  • #183,928
  • Nov 19, 2009 3:58am Nov 19, 2009 3:58am
did you not know that usd has nothing to do with GU .....

I keep on going on about the dx and basing 75 .... Magik like to ignore that

1.6850 may have been top for a while

Quoting wormboy
Easy man .. lol you are so angry

Here's the charts from earlier suggesting that the drop was highly probable:
http://www.forexfactory.com/showpost...stcount=183768

Personally, for me 6660 is the line in the sand now.

Take it easy
Blogging daily now at www.volume.zone
  • #183,929
  • Nov 19, 2009 4:00am Nov 19, 2009 4:00am
Quoting FXAdvice
hope is meaningless on market brother
Agree. But as for me there always is a bit of doubt on market. And this bit make me hoping.
I'm new to forex. Maybe in couple of months I can trade with no doubt but now I can't
  • #183,930
  • Nov 19, 2009 4:03am Nov 19, 2009 4:03am
As per yesterdays email the price trap has developed further and we are now testing the support region on the daily chart.

The 4hr chart shows a candle closing outside support which could mean a possible break. Under normal circumstances this would be pretty good confirmation but for a price trap of this size on a daily I would want better confirmation i.e. a break with more momentum and force. Then a pull back to the old support and the confirmation that support has held as resistance would be a good entry point for short positions.

1st target 1.6646 (dont see this being a problem if we break)

2nd target 1.6587 area

then 1.6530 region.

The market profile generated from the previous few days does not show any major ledges to stop us from breaking lower. We have a resistance ledge point at 1.6690 on todays profile which price seems to be working at the moment. We have a 15/20 pips of single prints at either ends of the days profile.

Day value area is at 1.6698
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  • #183,931
  • Nov 19, 2009 4:04am Nov 19, 2009 4:04am
Hi everyone, how's trading....... I think i av studied and experimented my pattern and from all indications you are about to withness 300-1000pips monthly in profit taking...... gushWell peace to all you out there and if u wanna know then reach me out...
  • #183,932
  • Nov 19, 2009 4:08am Nov 19, 2009 4:08am
Quoting malcolmb14
did you not know that usd has nothing to do with GU .....

I keep on going on about the dx and basing 75 .... Magik like to ignore that

1.6850 may have been top for a while
Hey bro
How r u?
Mostly the market Direction Mixed But i think more about G/U will go up Maybe 1.6760 and maybe 1.68xx

I'm Aside for all pairs now
cya
  • #183,933
  • Nov 19, 2009 4:18am Nov 19, 2009 4:18am
Well traders will see the GU going up now. There are indication now on my 15 minutes chart that the cable will continue going up but I am expecting confirmation from my 30 minutes chart before I can take position. What is your opinion traders? And what are you seeing on your chart now?

Should we start buying or we should simply wait until it has gone up?

Expecting replies.
  • #183,934
  • Nov 19, 2009 4:20am Nov 19, 2009 4:20am
Quoting tundeakins
Well traders will see the GU going up now. There are indication now on my 15 minutes chart that the cable will continue going up but I am expecting confirmation from my 30 minutes chart before I can take position. What is your opinion traders? And what are you seeing on your chart now?

Should we start buying or we should simply wait until it has gone up?

Expecting replies.
I see a retrace from the drop.My bias is Bearish atm.I may even throw a short in a few .Who knows
  • #183,935
  • Nov 19, 2009 4:20am Nov 19, 2009 4:20am
Quoting tundeakins
Well traders will see the GU going up now. There are indication now on my 15 minutes chart that the cable will continue going up but I am expecting confirmation from my 30 minutes chart before I can take position. What is your opinion traders? And what are you seeing on your chart now?

Should we start buying or we should simply wait until it has gone up?

Expecting replies.
I wait for a pullback to long. I will enter about 1,6670 zone..
  • #183,936
  • Nov 19, 2009 4:21am Nov 19, 2009 4:21am
Quoting malcolmb14
did you not know that usd has nothing to do with GU .....

I keep on going on about the dx and basing 75 .... Magik like to ignore that

1.6850 may have been top for a while
agreed.

once 6660 goes, it's likely gonna be the top for some time to come.
time will tell if this move is sustainable.
Thank You
  • #183,937
  • Nov 19, 2009 4:23am Nov 19, 2009 4:23am
Quoting fendi
Hi everyone, how's trading....... I think i av studied and experimented my pattern and from all indications you are about to withness 300-1000pips monthly in profit taking...... gushWell peace to all you out there and if u wanna know then reach me out...
Can you share your system. I need 300-1000 pips really I trade with 10 lot..if you can teach me that it means i can earn 300*100 = 30.000 usd min..right
  • #183,938
  • Nov 19, 2009 4:23am Nov 19, 2009 4:23am
I'm a bear
  • #183,939
  • Nov 19, 2009 4:32am Nov 19, 2009 4:32am
Quoting tundeakins
Well traders will see the GU going up now. There are indication now on my 15 minutes chart that the cable will continue going up but I am expecting confirmation from my 30 minutes chart before I can take position. What is your opinion traders? And what are you seeing on your chart now?

Should we start buying or we should simply wait until it has gone up?

Expecting replies.

Karo....
I don't expect u to enter any trades if u didnt take the fall from 1.6806.... Lte the trend decide if u have to enter short...... this looks like retracement..... but i still hold all my short as stated ealier....... no lon confirmation yet.....
  • #183,940
  • Nov 19, 2009 4:33am Nov 19, 2009 4:33am
well I took my position a bit ago/so now to see where it goes
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