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  • #361
  • Dec 5, 2009 6:54am Dec 5, 2009 6:54am
just do what you do best bro trade
student
  • #362
  • Dec 5, 2009 10:00am Dec 5, 2009 10:00am
Quoting fratelli
I been reading your thread here.
I must say its very good and usefull.

I will try follow you here or elsewhere.

Keep up the great work, and we all meets over the hill.

Looking forward to follow this threrad.

good weekend

fratelli
thanks for your great support fratelli, i will do my best brother
  • #363
  • Dec 6, 2009 12:04pm Dec 6, 2009 12:04pm
Hi all,

G/U and E/U for continue downward wave needed to break 1.6400 & 1.4800 support , if this happen hit lower key levels will not far from the expected.

also on monday Bernanke & Trichet speaks will be important specially after that positive result for NFP.
  • #364
  • Dec 7, 2009 2:27am Dec 7, 2009 2:27am
Hi FXAdvice,

Thank you for the analysis.
GBP/USD has reached 1.6400, let's see if it breaks this support level!

If it does, what is the expected target? I think perhaps around 1.6270 as there are lows in that area in the daily graph. What do you think?

Have a nice and profitable day!
  • #365
  • Dec 7, 2009 2:35am Dec 7, 2009 2:35am
Quoting geula4
Hi FXAdvice,

Thank you for the analysis.
GBP/USD has reached 1.6400, let's see if it breaks this support level!

If it does, what is the expected target? I think perhaps around 1.6270 as there are lows in that area in the daily graph. What do you think?

Have a nice and profitable day!


Hi brother,

i think short wave will lead us around 1.6300 for first step... have nice hunt
  • #366
  • Dec 7, 2009 2:56am Dec 7, 2009 2:56am
Hi FXAdvice,

I have entered GBP/USD short at 1.6356. I put Stop Loss at 1.6400 and Take Profit at 1.6300 (as you recommened).
  • #367
  • Dec 7, 2009 2:58am Dec 7, 2009 2:58am
...not a long term short position.
  • #368
  • Dec 7, 2009 3:06am Dec 7, 2009 3:06am
Short GU from 1.6448 tp 1.6355. 93 pips Done for Morning Session would wait for some retracement to short at better price. I think we should see a sustained downtrend throughout this week.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #369
  • Dec 7, 2009 3:10am Dec 7, 2009 3:10am
After a 150 pip drop this session, what makes it so attractive to start selling now? This is exactly how you end up selling into the hole.
  • #370
  • Dec 7, 2009 3:11am Dec 7, 2009 3:11am
Well done, Okehiedon!
  • #371
  • Dec 7, 2009 3:22am Dec 7, 2009 3:22am
Hi All,

Thank you for sharing your opinion about this. I think the market is going up and down quite sharply, but is still in a downard trend overall. I will increase my stop loss to 1.6435 as protection.
  • #372
  • Dec 7, 2009 3:58am Dec 7, 2009 3:58am
Anyone entered short already?
  • #373
  • Dec 7, 2009 5:56am Dec 7, 2009 5:56am
Quoting geula4
Anyone entered short already?
am waiting for ben speak , i guess he will lead the markets for next hours.
  • #374
  • Dec 7, 2009 6:33am Dec 7, 2009 6:33am
FXAdvice,

Thank you! I am still holding my GBP/USD short position.
Do you think it is better to take profit at 1.6300, or to wait for further down movement?

Thank you!
  • #375
  • Dec 7, 2009 6:48am Dec 7, 2009 6:48am
I have exited my GU at 1.6337 for a small profit (+19). I saw some strong movement upwards, and preferred to exit now.

In retrospect, I perhaps could have entered the short position in a better price.
  • #376
  • Dec 7, 2009 10:00am Dec 7, 2009 10:00am
i expect that cable will block soon , maybe around 1.6450 - 70 and wait for ben speaks, and find next action.
  • #377
  • Dec 7, 2009 12:08pm Dec 7, 2009 12:08pm
4 hour
wave 5 would be 6250 ?
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  • #378
  • Dec 7, 2009 12:24pm Dec 7, 2009 12:24pm
Looking for short on E/U around 1.4900 - 1.4950
  • #379
  • Dec 7, 2009 12:28pm Dec 7, 2009 12:28pm
Quoting forexlion
4 hour
wave 5 would be 6250 ?
Yeah i think cable will be downward, also about that Adv. get screen shot it show that cable want to goes up abit , maybe around 1.6500 or 1.6550
  • #380
  • Dec 7, 2009 4:01pm Dec 7, 2009 4:01pm
Quoting FXAdvice
Looking for short on E/U around 1.4900 - 1.4950
E/U fallen like rocket...
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