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Cable Update (GBPUSD)

  • #187,481
  • Dec 14, 2009 10:34am Dec 14, 2009 10:34am
buying now could be a good idea but i am still waiting. details on my blog for everybody
  • #187,482
  • Dec 14, 2009 10:43am Dec 14, 2009 10:43am
Quoting cannarek
buying now could be a good idea but i am still waiting. details on my blog for everybody
Yeah I too think buying now will be a good idea but waiting is an amateur game. I asa trader an not so expert will be selling when it ranges into the overbought area today and that will be a good and best idea for now. I am in a pending order, only waiting for you to enter and help me take the price to 1.6318 to 1.63550 to make my decision.Ok. I know that nothing can move the price beyond the levels. And that is just my secret.
  • #187,483
  • Dec 14, 2009 10:45am Dec 14, 2009 10:45am
Buying now is buying Resistance...200EMA on 30m chart...

Given that we are walking into NY lunch...I don't see this as being a good entry point, it could have you owning the top of the chart.

Waiting for a cross and hold of 200EMA stands a chance at more topside movement. Right now...smart money sits.
Attached Image (click to enlarge)
Click to Enlarge Name: 30m.GIF Size: 36 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,484
  • Dec 14, 2009 10:46am Dec 14, 2009 10:46am
I'm out for the day with +37 pips.....like pulling teeth today hopefully news tomorrow may give it a kick up the backside
The hardest way to make an easy living.....
  • #187,485
  • Dec 14, 2009 10:51am Dec 14, 2009 10:51am
Remember this, now we riding on horse back


Quoting fendi
Hmmmmm I guess we all having fun.......... I hope no one on the other side of the trian..... We are still taking more ride's.......... Have fun all be back to see how far we go........ G/U GREATEST.....
  • #187,486
  • Dec 14, 2009 11:14am Dec 14, 2009 11:14am
Quoting fendi
Hi yall, this is my view:

G/U: BUY @ 16230 SAFE @ 1.6290 S/L 1.6180 T.P 1.6330 (1ST T.P) 2ND T.P 1.6464.

Candid advise. Trail profit from R1. Possible to see R2

G/J BUY @ 143.90 S/L 142.90 T.P 1.4470




Good luck yall
Thanks Fendi....closed 89 pips up today thanks to you!
  • #187,487
  • Dec 14, 2009 11:23am Dec 14, 2009 11:23am
Well that made my awfull day a bit better just recovered half of my profits for december that i lost earlier on today.

Patience is the Key
  • #187,488
  • Dec 14, 2009 11:27am Dec 14, 2009 11:27am
We have hit the top of the channel here...
Attached Image (click to enlarge)
Click to Enlarge Name: channeltop.GIF Size: 41 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,489
  • Dec 14, 2009 11:35am Dec 14, 2009 11:35am
Quoting cannarek
buying now could be a good idea but i am still waiting. details on my blog for everybody
i am in, trade saved at be+1 already. now watching -details on my blog
  • #187,490
  • Edited 12:15pm Dec 14, 2009 11:35am | Edited 12:15pm
Quoting MHpips
Well that made my awfull day a bit better just recovered half of my profits for december that i lost earlier on today.

Patience is the Key
i totally agree i was down by around -35 pips at 5 lots which was a gross of --175 pips (is that correct) because of some rookie mistakes. i was able to gain it back with the buy @ 1.62530 and i am just waiting for a reverse on the indicators before i close the position i am currently on +60 pips and moved my SL to around +40 pips so if there is a sharp turn i can just ensure the +40pips. so the same thing at 5 lots is around +200 to +300pips
  • #187,491
  • Dec 14, 2009 12:19pm Dec 14, 2009 12:19pm
ok time to get some rest. that is all for me. just put a short on 1.63007 with a very tight TP of 1.62607 and SL at 1.63335 because i will not be looking at the charts for a few hours.

more power to everyone here and may your pips be plenty and your losses nil.
  • #187,492
  • Dec 14, 2009 1:03pm Dec 14, 2009 1:03pm
Taken a short - another attempt at the 6330's fails

hopefully will see another move down as a result...........
  • #187,493
  • Dec 14, 2009 1:27pm Dec 14, 2009 1:27pm
Quoting uncletrumpet
See the chart; so lately eur/usd and gbp/usd are going the same way.
The 38.2 of the day Gbp/usd is 1.6215 its very hard to break. Lets see what happens with that triangle. If you notice the currency are even weak to follow the oil and gold upside move.

a ton of new this week including the fomc ..we could be range bound like this till wednesday
Blogging daily now at www.volume.zone
  • #187,494
  • Dec 14, 2009 1:42pm Dec 14, 2009 1:42pm
We also are having the 50% fib retracement on daily from bottom at 13th of October to the top at the 16th of novemver. The 50% fib number is 1.6295 and it seems that after it was support from the middle of October, it seems to have become a resistance the last few days.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 83 KB
  • #187,495
  • Dec 14, 2009 1:44pm Dec 14, 2009 1:44pm
Quoting malcolmb14
a ton of new this week including the fomc ..we could be range bound like this till wednesday
and hopefully the downtown train will leave the station after/around Wednesday...
  • #187,496
  • Dec 14, 2009 1:47pm Dec 14, 2009 1:47pm
Quoting sibajnok
and hopefully the downtown train will leave the station after/around Wednesday...
yes ....I hate it when things go sideways like this ..well good for intraday but there would be nothing like a 500 pip trend move one way or the other to make my xmas
Blogging daily now at www.volume.zone
  • #187,497
  • Dec 14, 2009 1:52pm Dec 14, 2009 1:52pm
Quoting malcolmb14
yes ....I hate it when things go sideways like this ..well good for intraday but there would be nothing like a 500 pip trend move one way or the other to make my xmas
maybe your xmas will be bit late, but 500 pip trend to 1.60 then 1.58 could be made soon - I hope.
  • #187,498
  • Dec 14, 2009 1:54pm Dec 14, 2009 1:54pm
Quoting malcolmb14
yes ....I hate it when things go sideways like this ..well good for intraday but there would be nothing like a 500 pip trend move one way or the other to make my xmas
and yes, this sideway is good for anyone, but only for a couple of pips.

6230 is a magic number. if anyone place either long or short at that level during the past couple of days, could have closed the trade in profit easily. we hit that level several times.
  • #187,499
  • Dec 14, 2009 2:05pm Dec 14, 2009 2:05pm
Quoting GlobalMacro
How's it going brother, Alright?

You "exploring" Japanese girls now, Huh?........LOL
Bro, The Land Of The Rising Sun.... Bloody awesom.

How you going Mate?

PS: I got u Asahi beer, but when I saw the how cable moved away from 1.6900 I dranked it.... lol
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #187,500
  • Dec 14, 2009 2:11pm Dec 14, 2009 2:11pm
Quoting Bull_Bear
Bro, The Land Of The Rising Sun.... Bloody awesom.

How you going Mate?

PS: I got u Asahi beer, but when I saw the how cable moved away from 1.6900 I dranked.... lol
hi mate,

how is your long?

are you still holding it? (as i remember you placed it around 623x targeting 633x)
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