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Cable Update (GBPUSD)

  • #186,521
  • Dec 8, 2009 11:20am Dec 8, 2009 11:20am
Quoting Magix
15m Trigger...

In long...24SMA slipped under for support of the 15m chart.

Holding for 1.6380, 1.6400, 1.6453, 1.6512, 1.6678

S/L

1.6270.
i had adjust my SL to 1.6270 too...
but wonder it is OK or not for now?
any comment?
  • #186,522
  • Dec 8, 2009 11:20am Dec 8, 2009 11:20am
Quoting samdani786
If you dont have Fund. go with Tech.
I just don't see clear enough signal to go long.
And fund tells me there is green light to short only.
So holding my short in profit. Expect to see 1.6 soon (in couple of days, maybe even tomorrow, cable will be very sensitive to react downwards this week).
  • #186,523
  • Dec 8, 2009 11:23am Dec 8, 2009 11:23am
Quoting thetruthspy
bull train is moving slow but safety...
need more passenger....
Ticket already sold out but we can share the seat...
  • #186,524
  • Dec 8, 2009 11:24am Dec 8, 2009 11:24am
Quoting dpyang
Didn't get clear signal so place no trade then... fell asleep and choo choo train went south without me. haha... Looks bear now but hoping to scalp retracement. Any take on retracement for entry ~ .6310??
i didn't have a ticket to south so i was kicked off choo choo train @1.6310 with -55 pips

not shure about direction... i have small long @1.6300... let's see how 4h candle closes
  • #186,525
  • Dec 8, 2009 11:25am Dec 8, 2009 11:25am
Quoting thetruthspy
i had adjust my SL to 1.6270 too...
but wonder it is OK or not for now?
any comment?
Wait until we clear the channel to adjust this IMO.

You seen last night how we were triggering longs before going short...We might see the inverse, short triggers before going long.

We are on a short day, and my play is as speculative as everybodies at this point, but my logic looks like this...

Whenever NY and London get a chance to hit the same target in a day...high or low, there is a good likely hood that they will turn the chart to the opposite.

Because London didn't completely scrap cable overnight, and NY had a chance to buy at bottom, we could be looking at a long ride up. Daily support is close to the 200EMA, so this seems to be the play.

Failing this line, it's full on BEAR CHART and look out below!

One thing to keep in mind for the next 30mins, the Yanks are on lunch.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,526
  • Dec 8, 2009 11:27am Dec 8, 2009 11:27am
Quoting Magix
15m Trigger...

In long...24SMA slipped under for support of the 15m chart.

Holding for 1.6380, 1.6400, 1.6453, 1.6512, 1.6678

S/L

1.6270.

this train could touch 57xx again so be careful...tomorrow can touch next 6175 target ..i had long but i have locked my account and now shhort with this rally..max it could come up 6380 which is 23.6 % of fibo and after that could test again 6250 and then down more and more..

Ub
  • #186,527
  • Dec 8, 2009 11:29am Dec 8, 2009 11:29am
Quoting grashid
ic
Hi Grashid,

your blog/ website is sending automatic unsolicited connection request to my computer (and to the computers of all the people here on this forum, for that matter) trying to force a connection!!!

Please REFRAIN from this practice as this is extremely annoying to say the least....

Your IP # is

74.125.39.191


THANKS!!!!!
Hear the music before the song is over ...
  • #186,528
  • Dec 8, 2009 11:30am Dec 8, 2009 11:30am
Quoting Magix
Wait until we clear the channel to adjust this IMO.

You seen last night how we were triggering longs before going short...We might see the inverse, short triggers before going long.

We are on a short day, and my play is as speculative as everybodies at this point, but my logic looks like this...

Whenever NY and London get a chance to hit the same target in a day...high or low, there is a good likely hood that they will turn the chart to the opposite....

Bad long red candle now on 5 min tf...
my stop is 6375.... edit: 6275
  • #186,529
  • Dec 8, 2009 11:30am Dec 8, 2009 11:30am
gone short euro and cable and doing ok

my oil shares are looking sad but this is an interim period with some dollar strength

come 2010 we will have real fun
  • #186,530
  • Dec 8, 2009 11:33am Dec 8, 2009 11:33am
Quoting ubaidahsan
this train could touch 57xx again so be careful...tomorrow can touch next 6175 target ..i had long but i have locked my account and now shhort with this rally..max it could come up 6380 which is 23.6 % of fibo and after that could test again 6250 and then down more and more..

Ub
We have been playing a game of a magnetic pivot line, which albeit seems to be dropping from start of the week. We are a long ways from the pivot as of current, so, again, just on spec alone I am against the short of the chart.

I am with you, zone failures and price point rejections are going to be huge to watch out for, but I will worry about that when it happens.

This current channel has lasted 7 hours including the hour of entry..really anything can happen from here, this is where money management can be a traders best tool.

If I get stopped out on my trade, I will wait on retrace and go the other way...No matter to me...

Pulled s/l, going to trigger manually, if needed
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,531
  • Dec 8, 2009 11:45am Dec 8, 2009 11:45am
one thing i cannot believe is continuously move downside without any big retracement...
does anyone here agree if a movement without retracement?
  • #186,532
  • Dec 8, 2009 11:49am Dec 8, 2009 11:49am
The rally is waiting for christmas
  • #186,533
  • Dec 8, 2009 11:58am Dec 8, 2009 11:58am
Quoting Bio
The rally is waiting for christmas
Christmas just came early for my shorts...

It's all to play for now
  • #186,534
  • Dec 8, 2009 12:01pm Dec 8, 2009 12:01pm
I wished I was in you shoes..should have played too

Well it seems like christmas train is now ready to head north.....Finally
  • #186,535
  • Dec 8, 2009 12:08pm Dec 8, 2009 12:08pm
Quoting Bio
I wished I was in you shoes..should have played too

Well it seems like christmas train is now ready to head north.....Finally
daily 200 ema still rejecting current train...
if this continue, the train will change its course..
  • #186,536
  • Dec 8, 2009 12:08pm Dec 8, 2009 12:08pm
We dont get too much of a rebound compare to the other week when this level was test, I was short from the pivot 6493 get out this morning at 6280 and get back on short with a stop at 6315 area since no rebound so far.
if it brake the low we are going for another good ride I think.
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  • #186,537
  • Dec 8, 2009 12:15pm Dec 8, 2009 12:15pm
Eurusd still going down
Usd keep getting strong all over the board

who live will see..
  • #186,538
  • Dec 8, 2009 12:17pm Dec 8, 2009 12:17pm
Time to resort or should I say extort to extreme measures!
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,539
  • Dec 8, 2009 12:22pm Dec 8, 2009 12:22pm
Quoting Magix
Time to resort or should I say extort to extreme measures!

hopefully daily 200 ema will hold the train..
  • #186,540
  • Dec 8, 2009 12:23pm Dec 8, 2009 12:23pm
Is it a good idea to go long?
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