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Cable Update (GBPUSD)

  • #183,941
  • Nov 19, 2009 4:35am Nov 19, 2009 4:35am
Quoting msdogan
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

Thats no probs, u would have to meet me from time to time on ym where i go thru it with some other ppl... U wld back test it for a period of time, and when u perfect it.... Then its all yours....
  • #183,942
  • Nov 19, 2009 4:42am Nov 19, 2009 4:42am
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?
Quoting tundeakins

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

Expecting replies.
I would keep pretty neutral at the moment and have no bias as it could stop you making the right decision. We are at a important point in gbp/usd at moment as you can see from the charts I posted a few minutes ago. We maybe breaking out of a price trap which has been forming since mid sept. We have some strong support at 1.6646 and the price trap support at the exact same place...This is where we are trading at the moment. This could quite easily send us back up but the 4hr is telling us otherwise. I would personally want price to be clearly back in this price trap and holding above the 1.6690 / 1.67 region before considering going long again.
We have also had worse than expected retail figures today which is a leading indicator for the country’s GDP figure being bad plus Kings's comments earlier this month about a weaker currency is probably better for the economy during this stage in the recession.... These are the things the interbank traders will be taking note of and using to determine there trading bias. We have traded sideways for the last few days which mean the market is in a decision phase...If the Inter Bank traders were going to step in this would be a pretty decent point for the to do so and break us out of this price trap lower. Be careful around this area. well thats my opinion
  • #183,943
  • Nov 19, 2009 4:45am Nov 19, 2009 4:45am
More 1

Thanks from Brasil and good trades to every body
Attached Image(s) (click to enlarge)
Click to Enlarge Name: butterfly GU 4 E.jpg Size: 114 KB
Click to Enlarge Name: butterfly GU 5 A.jpg Size: 112 KB
My English its not very well, be patient
  • #183,944
  • Nov 19, 2009 4:45am Nov 19, 2009 4:45am
Stocky Monk how do you use MP on forex there is no volume?
Chris
  • #183,945
  • Nov 19, 2009 4:57am Nov 19, 2009 4:57am
Quoting fendi
Thats no probs, u would have to meet me from time to time on ym where i go thru it with some other ppl... U wld back test it for a period of time, and when u perfect it.... Then its all yours....
What is your ym ?
  • #183,946
  • Nov 19, 2009 5:11am Nov 19, 2009 5:11am
Don't be shy cable! 1.6570 is your price!
  • #183,947
  • Nov 19, 2009 5:17am Nov 19, 2009 5:17am
IMHO we just close a gap for dailys candle and current situation more favour on short/small ranging or else the gap will stay opened(if there is a retracement untill 1.6700) and will be closed again tomorrow. If the prices continue down until last week S/R 1.6600 then only we have a hope to go long but not today...maybe tomorrow or next week
-just my 2pips
Pride of opinion is a characteristic of losing traders
  • #183,948
  • Nov 19, 2009 5:28am Nov 19, 2009 5:28am
Quoting msdogan
What is your ym ?
ping pipssignal ym n ur there........
  • #183,949
  • Nov 19, 2009 5:32am Nov 19, 2009 5:32am
goodbye pound
  • #183,950
  • Nov 19, 2009 5:40am Nov 19, 2009 5:40am
Quoting Petar_Serbia
I am bought USDCAD at 1.0525 TP 50 pips SL 50 pips...
Easy 50 pips for me also eurjpy sell at 133.20 50 SL 50 TP same thing 50 easy pips...


Micho i told you close your position in profit but ok you going oposite of world


Cheers
"Buy on fear, sell on greed !!!
  • #183,951
  • Nov 19, 2009 5:43am Nov 19, 2009 5:43am
i am long from 1.6626 with 15 pip sl
  • #183,952
  • Nov 19, 2009 5:43am Nov 19, 2009 5:43am
Quoting gctrading1
Stocky Monk how do you use MP on forex there is no volume?
Market profile charting is based on price and NOT volume. The chart is basically just building up a picture/Profile of where price is trading over the course of the day. It makes it easier to identify key levels for entry and exit points for intra day trading.
I think you might be confused with market depth...which some platforms providers are claiming to offer and even going as far to call it market profile...They are 2 completly different things.
  • #183,953
  • Nov 19, 2009 6:00am Nov 19, 2009 6:00am
cmon 16500
  • #183,954
  • Nov 19, 2009 6:15am Nov 19, 2009 6:15am
Quoting Blackice
i am long from 1.6626 with 15 pip sl
another long from 1.6616 with 10 pips sl

my target is 1.7

  • #183,955
  • Nov 19, 2009 6:23am Nov 19, 2009 6:23am
Quoting Blackice
another long from 1.6616 with 10 pips sl

my target is 1.7

GL you have a lot of hurdles to cross to get there/eventually yes/but maybe not this week/Gl though
  • #183,956
  • Nov 19, 2009 6:29am Nov 19, 2009 6:29am
Quoting Fly2
GL you have a lot of hurdles to cross to get there/eventually yes/but maybe not this week
I hope it will move up now few pips, then I can wait till next week or 2 weeks to to see my target.
  • #183,957
  • Nov 19, 2009 6:29am Nov 19, 2009 6:29am
Quoting Fly2
cmon 16500
Hi bro ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #183,958
  • Nov 19, 2009 6:31am Nov 19, 2009 6:31am
Quoting Blackice
I hope it will move up now few pips, then I can wait till next week or 2 weeks to to see my target.
all depends on what time frames you trade on..I'm sure there are alot long.Then again never know what the US open will give us.Maybe we do get there today
  • #183,959
  • Nov 19, 2009 6:31am Nov 19, 2009 6:31am
Quoting manize
Hi bro ...
lol got that 1 hahah
  • #183,960
  • Nov 19, 2009 6:44am Nov 19, 2009 6:44am
Time to close all shorts and await further signals for changes in trend
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