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Cable Update (GBPUSD)

  • #190,881
  • Jan 6, 2010 1:12am Jan 6, 2010 1:12am
Quoting John D
Ctic,

Are you still looking for the 50% pull back to the 6048ish area?

btw; Thx for all your insight.
It is a possibility but have not received confirmation yet from the charts. it is going sideways ATM.
  • #190,882
  • Jan 6, 2010 1:14am Jan 6, 2010 1:14am
Quoting Ctic
It is a possibility but have not received confirmation yet from the charts. it is going sideways ATM.
Usually, but not always, the G/U makes a fake out move. It will spike in one direction making everyone think that is the direction it is going to go. Then once it suckers everyone in it changes direction.
  • #190,883
  • Jan 6, 2010 1:16am Jan 6, 2010 1:16am
Quoting Ctic
It is a possibility but have not received confirmation yet from the charts. it is going sideways ATM.
Just as I said it...
  • #190,884
  • Jan 6, 2010 1:20am Jan 6, 2010 1:20am
Dr D, Yes the why is a mute point trying to figure out if you think of all the players involved , globel businesses, traders , entire countries with thier varying monetary policys all with different needs and objectives, a rather chaotic enviroment. In all tht chaos tho one thing is consistent all the players tend to do the same things over and over with the only change being the price levels they do it at. Getting the when figured out becomes the objective which your compression charts can help point out .
  • #190,885
  • Jan 6, 2010 1:22am Jan 6, 2010 1:22am
Quoting Ctic
Just as I said it...
Agree, but i just scalp 15pips and close my long position for now.
  • #190,886
  • Jan 6, 2010 1:24am Jan 6, 2010 1:24am
Quoting Ctic
Just as I said it...
Ctic, so have your chart given you indications yet?

Here I see if it breaks off 1.6005 then its a confirm buy till 1.6050.
  • #190,887
  • Jan 6, 2010 1:27am Jan 6, 2010 1:27am
We may see a new move downward in GU in next 30 minutes, once UK session starts. Anybody agreed with the idea?
Don't tell me how much you can earn. Tell me how much you may lose..
  • #190,888
  • Jan 6, 2010 1:30am Jan 6, 2010 1:30am
BTW I'm long @ 1.5995 and looking for 1.6040 as target but I dont like the entry price as it's little too high...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #190,889
  • Jan 6, 2010 1:31am Jan 6, 2010 1:31am
Quoting EliteFX
We may see a new move downward in GU in next 30 minutes, once UK session starts. Anybody agreed with the idea?
I agree, I do believe by the positioning of the candles that we are in for the longer term down. Should make it to the 1.604 area.
  • #190,890
  • Jan 6, 2010 1:36am Jan 6, 2010 1:36am
Target zone hit...1.6013 exit on last 2 longs.

Forecast and actual.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,891
  • Jan 6, 2010 1:39am Jan 6, 2010 1:39am
Quoting Magix
Target zone hit...1.6013 exit on last 2 longs.

Forecast and actual.
I will be entering short here in a minute.
  • #190,892
  • Jan 6, 2010 1:41am Jan 6, 2010 1:41am
Quoting Ctic
I agree, I do believe by the positioning of the candles that we are in for the longer term down. Should make it to the 1.604 area.
I have closed my position at 1.6008.

I hate tensions..
Don't tell me how much you can earn. Tell me how much you may lose..
  • #190,893
  • Jan 6, 2010 1:41am Jan 6, 2010 1:41am
Quoting Ctic
I will be entering short here in a minute.
I gots to hold n wait for chart support...you know, I am a bit of a sissy like that....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,894
  • Jan 6, 2010 1:46am Jan 6, 2010 1:46am
Quoting Magix
Target zone hit...1.6013 exit on last 2 longs.

Forecast and actual.
What if it bounces off of your 200ema (blue dotted)
on your 5m or the yellow dotted 55ema (1.5988) on the 15m
and moves back up to the 200ema on your 15m. (1.6036)

Dr. D.
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  • #190,895
  • Jan 6, 2010 1:47am Jan 6, 2010 1:47am
Wow! I would love to see a pic of your 54-screen setup!

Quoting Ctic
I currently have 9 computers each running 6 monitors so that I can trade multiple countries.
Just focus on the pips. The rest is insignificant.
  • #190,896
  • Jan 6, 2010 1:50am Jan 6, 2010 1:50am
Quoting fourxtrader
What if it bounces off of your 200ema (blue dotted)
on your 5m and yellow dotted 55ema on the 15m
and moves back up to the 200ema on your 15m. (1.6036)

Dr. D.
Could very well do that...this is still a counter trend play against the major, so, will watch and wait.

Trigger off the 1m still possible for a few more and confirmation on the 15m for short.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,897
  • Jan 6, 2010 1:52am Jan 6, 2010 1:52am
Quoting Magix
I gots to hold n wait for chart support...you know, I am a bit of a sissy like that....

I just entered short at 1.60104, lets see what happens, set 35 pip sl.
  • #190,898
  • Jan 6, 2010 1:52am Jan 6, 2010 1:52am
Quoting Magix
Could very well do that...this is still a counter trend play against the major, so, will watch and wait.

Trigger off the 1m still possible for a few more and confirmation on the 15m for short.
Please EXPLAIN... por favor.

Dr. D.
  • #190,899
  • Jan 6, 2010 1:52am Jan 6, 2010 1:52am
Quoting EliteFX
BTW I'm long @ 1.5995 and looking for 1.6040 as target but I dont like the entry price as it's little too high...
No worry, your target will be hit, I am boarding from 1.5976 ! 1.5944/56 is a strong support ! Pay attention DP today --> 1.6035 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #190,900
  • Jan 6, 2010 1:53am Jan 6, 2010 1:53am
Quoting Magix
Could very well do that...this is still a counter trend play against the major, so, will watch and wait.

Trigger off the 1m still possible for a few more and confirmation on the 15m for short.
heh...

Just as I was saying...grabbed a quickie for 13 more.
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