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Cable Update (GBPUSD)

  • #189,741
  • Dec 29, 2009 6:15am Dec 29, 2009 6:15am
Quoting Baby-Trader
Wormboy,
Please tell me about your bias for the recent PA
No change of plans yet bro.
Still buying BT. Added @5980 about an hour ago.
We'll see how this goes
Thank You
  • #189,742
  • Dec 29, 2009 6:17am Dec 29, 2009 6:17am
Quoting Baby-Trader
H4 Becarful
Longs trade with caution
that is 69 pattern..what is the meaning?
Patience + Discipline =
  • #189,743
  • Dec 29, 2009 6:18am Dec 29, 2009 6:18am
Quoting wormboy
No change of plans yet bro.
Still buying BT. Added @5980 about an hour ago.
We'll see how this goes

I wonder why ...2 30 min spikes one bear one bull--Stops are done traders confused ..Now lets make the move.....
Womie I am targetting the 150 zone hence this will take out all stops in this zone before commencing a short...

Baby Trader..I have not taken profit ...on my trades..they are set to break even...
Let Price determine your future!
  • #189,744
  • Dec 29, 2009 6:22am Dec 29, 2009 6:22am
Quoting Geppyg
I wonder why ...2 30 min spikes one bear one bull--Stops are done traders confused ..Now lets make the move.....
Womie I am targetting the 150 zone hence this will take out all stops in this zone before commencing a short...

Baby Trader..I have not taken profit ...on my trades..they are set to break even...
Looks good. Although I have set a more modest target @100 level before I squeal
Here's my earlier post :
1. http://www.forexfactory.com/showpost...postcount=1896
Thank You
  • #189,745
  • Dec 29, 2009 6:25am Dec 29, 2009 6:25am
The price areas of note are 1.4450 on euro, 1.0650 on cable,
Lets see if we can close above these figures on an hourly chart...

If so Bull Trades are looking good
Let Price determine your future!
  • #189,746
  • Dec 29, 2009 6:28am Dec 29, 2009 6:28am
Quoting Geppyg
The price areas of note are 1.4450 on euro, 1.0650 on cable,
Lets see if we can close above these figures on an hourly chart...

If so Bull Trades are looking good
We're about 60 odd pips shy of my euro long target as well bro
Check it out:
1. http://www.forexfactory.com/showpost...stcount=174016

like clockwork no?
Thank You
  • #189,747
  • Dec 29, 2009 6:32am Dec 29, 2009 6:32am
Quoting beejay
i will rather shor at this level or stay out than to go long.reason is my CCI 34 and CCI 55 on 4hrs are both showing goom downside momentum. im holding my position unless they say otherwise. also last 15min candle support the assumption
goodluck with ur trade
immediate target is at 1.5930 for short trade. no long for me atleast for now
  • #189,748
  • Dec 29, 2009 6:36am Dec 29, 2009 6:36am
Jack is back in the box...

No Problems at all...currently looking at cad and aussie
Let Price determine your future!
  • #189,749
  • Dec 29, 2009 6:53am Dec 29, 2009 6:53am
I hope i can use this medium to assist some people in this thread so you don't loose money into the NEW YEAR. If you know you want to trade until the NEW YEAR don't sell for now until daily closes....... If you sell at this point you would be in serios looses.............. MY VIEW .......... I CAN SEE WHAT OTHER'S CAN'T SEE........... BIG-DOG
  • #189,750
  • Dec 29, 2009 6:53am Dec 29, 2009 6:53am
Quoting Geppyg
Hi GM,

My Target is still 150 as a minimum....have been holding like you for several days now....

Good Luck Matey

Hi Geppyg,

nice to have you aboard bro
looks pretty good for longs...


Trade Well!
Hear the music before the song is over ...
  • #189,751
  • Dec 29, 2009 6:56am Dec 29, 2009 6:56am
Buy now and take profit at 1.6100, we are long a bit today's close would determine for how long..........















big-dog said so
  • #189,752
  • Dec 29, 2009 7:07am Dec 29, 2009 7:07am
I pulled fibs from the last Daily low to the top of 12-16 and I have a sell limit at each fib level. A very low risk scenario.

Jim
  • #189,753
  • Dec 29, 2009 7:09am Dec 29, 2009 7:09am
Quoting fendi
Buy now and take profit at 1.6100, we are long a bit today's close would determine for how long..........


big-dog said so
did you have any long position opened?
Patience + Discipline =
  • #189,754
  • Dec 29, 2009 7:09am Dec 29, 2009 7:09am
Quoting beejay
immediate target is at 1.5930 for short trade. no long for me atleast for now
sticking to my short. everything on my system is saying short
  • #189,755
  • Dec 29, 2009 7:11am Dec 29, 2009 7:11am
If it retraces all the way to the 61.8 level and comes back to hit 1.5920 1144 pips will be accumulated based on 2 lots per level with 1 profiting at each of the following levels.



Quoting Nene
I pulled fibs from the last Daily low to the top of 12-16 and I have a sell limit at each fib level. A very low risk scenario.

Jim
  • #189,756
  • Dec 29, 2009 7:13am Dec 29, 2009 7:13am
Quoting Nene
If it retraces all the way to the 61.8 level and comes back to hit 1.5920 1144 pips will be accumulated based on 2 lots per level with 1 profiting at the following level.
Could you please send your chart?
  • #189,757
  • Dec 29, 2009 7:16am Dec 29, 2009 7:16am
Let's break LTL on the way to 1.5933
Attached Image (click to enlarge)
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  • #189,758
  • Dec 29, 2009 7:17am Dec 29, 2009 7:17am
I hope fibo would replace your loses anyway. Don't dare the hand of the clock.



Quoting Nene
I pulled fibs from the last Daily low to the top of 12-16 and I have a sell limit at each fib level. A very low risk scenario.

Jim
  • #189,759
  • Dec 29, 2009 7:35am Dec 29, 2009 7:35am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Going to have to agree with all the buyers. enough is enough, dollar is overbought for no good reason really. Da Bears got their win last night, but not so much this morning. Good trading to all!
  • #189,760
  • Dec 29, 2009 7:46am Dec 29, 2009 7:46am
Anyone who dares this trend would cry
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