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Cable Update (GBPUSD)

  • #184,621
  • Nov 25, 2009 4:44am Nov 25, 2009 4:44am
Stoch will freeze and bolinger will widen or narrowed... Not reliable both...

Stay out until you gets clear signal...
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ABCD..
  • #184,622
  • Nov 25, 2009 4:44am Nov 25, 2009 4:44am
Quoting Baby-Trader
But stockastic indicator shows signals for drop/sell on H1 & H4.
also Bollinger bands confirms that.
When the stochastics are in the overbought area, it doesn't mean that the price will fall any significant amount. Price could quite simply range sideways and the stochastic will correct itself and fall out of the overbought zone.
Probability Professor
  • #184,623
  • Nov 25, 2009 4:50am Nov 25, 2009 4:50am
Took a long 1.6710 ! 1st target 1.6744, 2nd target 1.6862 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,624
  • Nov 25, 2009 4:54am Nov 25, 2009 4:54am
Quoting Galation
When the stochastics are in the overbought area, it doesn't mean that the price will fall any significant amount. Price could quite simply range sideways and the stochastic will correct itself and fall out of the overbought zone.

Correct, infact when Stoch's are in a overbought it's because the market is at new highs, so shorting the market at highs is madness as new highs will more often than not mean higher highs to come.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #184,625
  • Nov 25, 2009 4:57am Nov 25, 2009 4:57am
Quoting Turveyd
Correct, infact when Stoch's are in a overbought it's because the market is at new highs, so shorting the market at highs is madness as new highs will more often than not mean higher highs to come.
perhaps but not on a 1 minute interval..longer term
  • #184,626
  • Nov 25, 2009 4:58am Nov 25, 2009 4:58am
Quoting Galation
When the stochastics are in the overbought area, it doesn't mean that the price will fall any significant amount. Price could quite simply range sideways and the stochastic will correct itself and fall out of the overbought zone.

Thanks bro,
but it's just a note.
I'm bull till we reach 1.69
  • #184,627
  • Nov 25, 2009 5:14am Nov 25, 2009 5:14am
Fake pullback probably...
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ABCD..
  • #184,628
  • Nov 25, 2009 5:15am Nov 25, 2009 5:15am
Quoting nAVIN2007
perhaps but not on a 1 minute interval..longer term
M1 or H4 all the same market, stop thinking of them as magically different.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #184,629
  • Nov 25, 2009 5:24am Nov 25, 2009 5:24am
usd knocked out!!!kaputt
never run after pips, let pips just come to you
  • #184,630
  • Nov 25, 2009 5:31am Nov 25, 2009 5:31am
Quoting Dest_unknown
TIC TOC TIC TOC, WHENS IT GONNA POP!?!?!

Looking for 6710
Sweet, just woke up to a closed trade for +120..... what a great feeling ;o)
  • #184,631
  • Nov 25, 2009 5:32am Nov 25, 2009 5:32am
Quoting Turveyd
M1 or H4 all the same market, stop thinking of them as magically different.
im not i understand what u mean but ona 1 minute chart buying the top is basically relly on trend..and there are dip...i suppose it depend on the number of pips u going for..

in my experience of buying when a top has be found as lead to massive dip..enough to blow anyones account
  • #184,632
  • Nov 25, 2009 5:34am Nov 25, 2009 5:34am
Quoting sreeprakash
Fake pullback probably...
I add long there ! Go 1.6744 !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,633
  • Nov 25, 2009 5:37am Nov 25, 2009 5:37am
Quoting Dest_unknown
Sweet, just woke up to a closed trade for +120..... what a great feeling ;o)
I am sure you regret ! Btw Congratz !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,634
  • Nov 25, 2009 5:40am Nov 25, 2009 5:40am
Quoting manize
I add long there ! Go 1.6744 !!!!
It is hit man !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,635
  • Nov 25, 2009 5:51am Nov 25, 2009 5:51am
:nerd:1.6744 - 1.6709 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,636
  • Nov 25, 2009 6:00am Nov 25, 2009 6:00am
Quoting nAVIN2007
im not i understand what u mean but ona 1 minute chart buying the top is basically relly on trend..and there are dip...i suppose it depend on the number of pips u going for..

in my experience of buying when a top has be found as lead to massive dip..enough to blow anyones account

There before flawed trading method's, the only method which works over all is :-

If the market is going up, enter with the direction on a dip.

Stoch's and all other indicators will suggest a Top, shorting tops over all will cost you and I've blown many a account ( £100 ) trying.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #184,637
  • Nov 25, 2009 6:09am Nov 25, 2009 6:09am
I am thinking about short session now !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,638
  • Nov 25, 2009 6:11am Nov 25, 2009 6:11am
Quoting manize
I am thinking about short session now !
  • #184,639
  • Nov 25, 2009 6:22am Nov 25, 2009 6:22am
Quoting Turveyd
M1 or H4 all the same market, stop thinking of them as magically different.
Not to offence Navin anyway you're right there are so many system used by each trader, even just only based on M1 TF as long as know well, when in and when out with a little pips or a huge pips ! And always put Stop Loss. 7 wins 3 fails can be said a success trader !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,640
  • Nov 25, 2009 6:32am Nov 25, 2009 6:32am
Quoting manize
Not to offence Navin anyway you're right there are so many system used by each trader, even just only based on M1 TF as long as know well, when in and when out with a little pips or a huge pips ! And always put Stop Loss. 7 wins 3 fails can be said a success trader !

As long as your fails are 2x's the loss of your profits then yep.

Although there are many ways to see the same thing, buying dips in a uptrend and vice versa is the only way to beat the game, most people are trying to pick tops and bottoms, they look easier / nicer / more profitable but your odds on profiting from that are much much lower.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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