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Cable Update (GBPUSD)

  • #191,761
  • Jan 8, 2010 10:36am Jan 8, 2010 10:36am
Short @ 1.5984 for 10-30pips maybe more depending on PA or less if it goes against me. Break of 61.8 fib on 5 min chart and short bias on 15M 30M and 4H charts.

Good luck just my view.
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  • #191,762
  • Jan 8, 2010 10:37am Jan 8, 2010 10:37am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?

No I am not agree specially in GBP however Euro may go up....
  • #191,763
  • Jan 8, 2010 10:38am Jan 8, 2010 10:38am
hmm... stable movement
  • #191,764
  • Jan 8, 2010 10:44am Jan 8, 2010 10:44am
I miss the party. Take a long at DP today 1.5962, looking for 1.6022 before reversed down again.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,765
  • Jan 8, 2010 10:45am Jan 8, 2010 10:45am
Nice litte earner with my temporary long..

The shorts must be sweating it

What fun - but its Friday so I wont be leaving anything on over the weekend
  • #191,766
  • Edited 1:59pm Jan 8, 2010 10:46am | Edited 1:59pm
Quoting kill56
Dr. D nothing much bro we are going south conformation only bro
South?

I don't see it kill, not yet anway
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Thank You
  • #191,767
  • Jan 8, 2010 10:57am Jan 8, 2010 10:57am
Price currently stalled for the bulls, held back by the 24SMA on the 5 and 30m charts, 55EMA on the 15m...Again, I am still short minded, but if confirm on the 15/30m I would consider a retrace on the bull movement.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,768
  • Jan 8, 2010 10:59am Jan 8, 2010 10:59am
Quoting kill56
Dr. D nothing much bro we are going south conformation only bro
Agreed.

Even the Alpari 4h chart is different. That's three 4hr charts
somewhat diffferent because of the platform OC's. For this reason,
not sure how reliable a 4h chart can be. I just like the pin bar here
on the IBFX - also tells a nice story of the DOWN.

Anyway, before that happens, reconstructive surgery is underway
on Pinocchio's right eye... moving it back up during this 4h and
I'm up 20 pips (now 30 and may exit soon or reverse).

Dr. D.

Just closed 1/2 with a trailing stop tightly following.
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  • #191,769
  • Jan 8, 2010 11:08am Jan 8, 2010 11:08am
Quoting wormboy
South?

I don't see it kill, not yet anway
Thank for chart Wormie, strengthen my confidence to hold more than + 30 pips I always close before !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,770
  • Jan 8, 2010 11:10am Jan 8, 2010 11:10am
Quoting wormboy
South?

I don't see it kill, not yet anway
I've seen some nice North before the South
after going North and then South. LOL
Charts need to be in balance.

Now my TS is at BE +30.

Dr. D.
  • #191,771
  • Jan 8, 2010 11:16am Jan 8, 2010 11:16am
Quoting fourxtrader
I've seen some nice North before the South
after going North and then South. LOL
Charts need to be in balance.

Now my TS is at BE +30.

Dr. D.
And your North est. top (<2 hr) is? Please, thanks.
  • #191,772
  • Jan 8, 2010 11:18am Jan 8, 2010 11:18am
Quoting manize
Thank for chart Wormie, strengthen my confidence to hold more than + 30 pips I always close before !
Your welcome manize. good luck with the trade
Thank You
  • #191,773
  • Jan 8, 2010 11:28am Jan 8, 2010 11:28am
Quoting wormboy
South?

I don't see it kill, not yet anway

hey bro how are u

the sun will go down and we will gather @ 10 downing st. where is the moon light and still the drinks on me @ 15700
  • #191,774
  • Jan 8, 2010 11:29am Jan 8, 2010 11:29am
Quoting eagle12
No I am not agree specially in GBP however Euro may go up....
The post you are replying to was made years back..
  • #191,775
  • Jan 8, 2010 11:33am Jan 8, 2010 11:33am
Quoting maxss280
Short @ 1.5984 for 10-30pips maybe more depending on PA or less if it goes against me. Break of 61.8 fib on 5 min chart and short bias on 15M 30M and 4H charts.

Good luck just my view.
This trade has retraced more then I would like. But still has not broken the 38.2% retracement resistance so I am still in. Adjusted SL and TP level SL just above 50% 1.6034 and TP adjusted to 1.5884 (Being Optimistic lol)

Will close before close of the market. I don't like staying in over the weekend.

GL all
  • #191,776
  • Jan 8, 2010 11:35am Jan 8, 2010 11:35am
Quoting nek17
And your North est. top (<2 hr) is? Please, thanks.
Why not 1.6009 - 1.6035 and we're there.

A 4h close (2 1/2 hrs to go) in this area would make
this gigantic** pin bar one of memorable proportions
leaving the eyes even and surgery complete. Then
go SOUTH next week. (** since it's on the 4h chart)

Dr. D.
  • #191,777
  • Jan 8, 2010 11:38am Jan 8, 2010 11:38am
Quoting allserene
Nice litte earner with my temporary long..

The shorts must be sweating it

What fun - but its Friday so I wont be leaving anything on over the weekend
why would short be sweating it . This is just the start of the move IMHO

that 60 min on the UP candle into test supply at 6100 was the highest since dec 1st. Think that was all buyers ? after a 125 pip sell move afterwards, not only that but in the background we have seen a really odd 400 pip up move iunder low vol conditions that was designed just for pros to sell the hell out of. and they did,

This is destined for 5750....pretty clear to me after what i saw in the charts today. If anything longs that got in above 6050 should take any test 6100 to clear those order.

still selling all rallies unless 1.6150 taken out

three levels of s.r on chart 6100 / 6030 / 5900

I will looking for another sell off 6030 area in Asia.

it is going to take more volume than we are seeing on this profit taking up move to counter all that selling volume at 6100

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  • #191,778
  • Jan 8, 2010 11:43am Jan 8, 2010 11:43am
Quoting manize
I miss the party. Take a long at DP today 1.5962, looking for 1.6022 before reversed down again.
Still find the wek end party. Another 6 pips !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,779
  • Jan 8, 2010 11:49am Jan 8, 2010 11:49am
Originally Posted by manize http://cdn.forexfactory.com/images/buttons/viewpost.gif
I miss the party. Take a long at DP today 1.5962, looking for 1.6022 before reversed down again.
Quoting manize
Still find the wek end party. Another 6 pips !
Good job. Change that to within 3 pips. And I'll join you if it hits 1.6025.

Dr. D.
  • #191,780
  • Jan 8, 2010 11:56am Jan 8, 2010 11:56am
but if it should still move up to 1.6035
before the days end and then drop to 1.6006
for a close then we have a perfect pin bar formation.

Dr. D.
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