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Cable Update (GBPUSD)

  • #188,741
  • Dec 21, 2009 7:33pm Dec 21, 2009 7:33pm
Long 1.6040 tp=1.6070 sl=1.6020

target hit. sure is scary going against the trend... broke rule 1: trend is your friend... i feel like i need to go to confession or something now!
  • #188,742
  • Dec 21, 2009 7:36pm Dec 21, 2009 7:36pm
24SMA now to act as support on the 30m chart.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,743
  • Edited 7:53pm Dec 21, 2009 7:43pm | Edited 7:53pm
Quoting stantony1
Long 1.6040 tp=1.6070 sl=1.6020

target hit. sure is scary going against the trend... broke rule 1: trend is your friend... i feel like i need to go to confession or something now!
still waiting my TP hit at 6090 and re enter to Sell at previous TP if rejected in 1.6100
  • #188,744
  • Dec 21, 2009 7:57pm Dec 21, 2009 7:57pm
Quoting iqyusan
still waiting my TP hit at 6090 and re enter to Sell at previous TP if rejected in 1.6100
...
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  • #188,745
  • Dec 21, 2009 7:59pm Dec 21, 2009 7:59pm
Support on the 30m chart (top right), Major Resistance on the 5m 200EMA (bottom right), a break and hold of the 200EMA on the 5m, gives possible next resistance area 1hr 24SMA (top left).

Failure of 30m support area, shows next possible support on the 15m, 24SMA, (bottom left). Red line..
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,746
  • Dec 21, 2009 8:40pm Dec 21, 2009 8:40pm
let see if this magic 15degree angle trendline will hold for a while to give us some momentum for the upside..
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  • #188,747
  • Dec 21, 2009 8:51pm Dec 21, 2009 8:51pm
I saw that too... h4 pb there.. waiting for an h1 hh close to seal the deal if it comes. H1 close above 1.6080 would be good too.

Quoting Lejumeau
let see if this magic 15degree angle trendline will hold for a while to give us some momentum for the upside..
DireXiv Make it happen, no one else is going to do it for you...
  • #188,748
  • Dec 21, 2009 8:56pm Dec 21, 2009 8:56pm
agree with you 6076 is the new daily pivot if we can close on the top of it
it will give us good sign for an up move
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  • #188,749
  • Dec 21, 2009 9:01pm Dec 21, 2009 9:01pm
I know weekly is on a down side but we are rigth at resistance line .. is this going to hold ????
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  • #188,750
  • Dec 21, 2009 9:04pm Dec 21, 2009 9:04pm
Some of you guys spend way too much time here its Christmas time spend time with your family and kids don't worry about market who cares where prices goes liquidity is low

Merry Christmas
and give to charity if your making pips
Trade less make more!
  • #188,751
  • Dec 21, 2009 9:05pm Dec 21, 2009 9:05pm
If you chose to trade against trend, just make sure your r:r is good... and you have a high percentage trade... Many people make it work VERY well. Support is showing... I usually lie in wait for retest.. which is what we are seeing.

Quoting stantony1
Long 1.6040 tp=1.6070 sl=1.6020

target hit. sure is scary going against the trend... broke rule 1: trend is your friend... i feel like i need to go to confession or something now!
DireXiv Make it happen, no one else is going to do it for you...
  • #188,752
  • Dec 21, 2009 9:06pm Dec 21, 2009 9:06pm
Quoting doughnut
Some of you guys spend way too much time here its Christmas time spend time with your family and kids don't worry about market who cares where prices goes liquidity is low

Merry Christmas
and give to charity if your making pips
This is why your are in front of your computer then.....

you need christmas to spend time with your family ???
Me I Dont, I spend time all the year round with them
  • #188,753
  • Dec 21, 2009 9:11pm Dec 21, 2009 9:11pm
Quoting Lejumeau
This is why your are in front of your computer then.....

you need christmas to spend time with your family ???
Me I Dont, I spend time all the year round with them


God bless you
Trade less make more!
  • #188,754
  • Dec 21, 2009 9:15pm Dec 21, 2009 9:15pm
Quoting doughnut
Some of you guys spend way too much time here its Christmas time spend time with your family and kids don't worry about market who cares where prices goes liquidity is low

Merry Christmas
and give to charity if your making pips
The market needs some loving too
  • #188,755
  • Dec 21, 2009 9:22pm Dec 21, 2009 9:22pm
What are pivots

Quoting Lejumeau
agree with you 6076 is the new daily pivot if we can close on the top of it
it will give us good sign for an up move
DireXiv Make it happen, no one else is going to do it for you...
  • #188,756
  • Dec 21, 2009 9:27pm Dec 21, 2009 9:27pm
Quoting DireXiv
What are pivots
Daily Pivot points are support and resistance levels that are calculated using the open, high, low, and close of the previous trading day.

Price react to these level very accurately ,, jus t make a quit search on the web about it and you will plenty of info. I use mainly the weekly pivot level and the daily pivot level for intraday
  • #188,757
  • Dec 21, 2009 9:31pm Dec 21, 2009 9:31pm
Hello, may i know is GU & GJ going down?
  • #188,758
  • Dec 21, 2009 9:35pm Dec 21, 2009 9:35pm
Igyusan- the arrows on your chart did you draw those signalling when you entered or are those indicators signalling you to enter? If they are indicators where did you get them?
  • #188,759
  • Dec 21, 2009 9:35pm Dec 21, 2009 9:35pm
close my long for 5pip I dont feel it
  • #188,760
  • Dec 21, 2009 9:45pm Dec 21, 2009 9:45pm
I think it might be making a "W" shape.

Probably gonna buy if it touches down on the yellow and blue trendlines.

But I am mainly waiting for it to break through the triangle...
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