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Cable Update (GBPUSD)

  • #190,881
  • Jan 5, 2010 11:12pm Jan 5, 2010 11:12pm
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 5, 2010 11:14pm Jan 5, 2010 11:14pm
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 5, 2010 11:16pm Jan 5, 2010 11:16pm
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 5, 2010 11:20pm Jan 5, 2010 11:20pm
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 5, 2010 11:22pm Jan 5, 2010 11:22pm
Quoting Ctic
Just as I said it...
Agree, but i just scalp 15pips and close my long position for now.
  • #190,886
  • Jan 5, 2010 11:24pm Jan 5, 2010 11:24pm
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 5, 2010 11:27pm Jan 5, 2010 11:27pm
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 5, 2010 11:30pm Jan 5, 2010 11:30pm
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 5, 2010 11:31pm Jan 5, 2010 11:31pm
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 5, 2010 11:36pm Jan 5, 2010 11:36pm
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 5, 2010 11:39pm Jan 5, 2010 11:39pm
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 5, 2010 11:41pm Jan 5, 2010 11:41pm
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 5, 2010 11:41pm Jan 5, 2010 11:41pm
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 5, 2010 11:46pm Jan 5, 2010 11:46pm
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 5, 2010 11:47pm Jan 5, 2010 11:47pm
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 5, 2010 11:50pm Jan 5, 2010 11:50pm
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 5, 2010 11:52pm Jan 5, 2010 11:52pm
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 5, 2010 11:52pm Jan 5, 2010 11:52pm
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 5, 2010 11:52pm Jan 5, 2010 11:52pm
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 5, 2010 11:53pm Jan 5, 2010 11:53pm
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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