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Cable Update (GBPUSD)

  • #192,461
  • Jan 13, 2010 12:03am Jan 13, 2010 12:03am
That is what I just entered for at 1.6190 stop 1.6200 very small risk and will add on confirmation. Much better R/R than going long right now.

Shawn

Quoting Shad
It's Not As Deep As U Think !

Have U Never Heard About Triple Top Pattern...!?
  • #192,462
  • Jan 13, 2010 12:11am Jan 13, 2010 12:11am
Man it sure keeps trying to get through there though
"Keep your eyes on the helpers" - Mr. Rogers
  • #192,463
  • Jan 13, 2010 12:17am Jan 13, 2010 12:17am
Quoting sswilli99
That is what I just entered for at 1.6190 stop 1.6200 very small risk and will add on confirmation. Much better R/R than going long right now.

Shawn
Two kind of trader :

1. Long term trader --> Shad, GM etc
2. Daily Trader

I am a daily trader, board long from 1.6175 ! Looking for at least 1.6217 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,464
  • Jan 13, 2010 12:19am Jan 13, 2010 12:19am
Quoting Shad
It's Not As Deep As U Think !

Have U Never Heard About Triple Top Pattern...!?

hahaha.. thats what i read and saw from previous post!

your multiple postions have TP @ 1.6084 and bellow ( that what i mean by deep) based on Douple Top.

What about your Douple Top ???
are your indicator REPAINT now to Triple Top ??


to make your post useful and not (repaint) just put clear ENTRY,TP and SL .
Attached Image (click to enlarge)
Click to Enlarge Name: 13-01-2010 09-10-12 ص.png Size: 367 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,465
  • Jan 13, 2010 12:22am Jan 13, 2010 12:22am
I think this is an ascending triangle and once it break out the strong resistance 1.6192 it will target the next resistance at 1.6240
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd60min.jpg Size: 527 KB
  • #192,466
  • Jan 13, 2010 12:23am Jan 13, 2010 12:23am
Broke 6200. Where are we expecting, or is this a bull trap?
  • #192,467
  • Jan 13, 2010 12:26am Jan 13, 2010 12:26am
Quoting jeremykhc
Broke 6200. Where are we expecting, or is this a bull trap?
Depend on how strong 1.6208/217/241 to stop the uptrend ! Wait London/US session !

+ 30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,468
  • Jan 13, 2010 12:28am Jan 13, 2010 12:28am
I have sell orders in place at 6215 and 6235
  • #192,469
  • Jan 13, 2010 12:33am Jan 13, 2010 12:33am
Quoting WedWed
hahaha.. thats what i read and saw from previous post!

your multiple postions have TP @ 1.6084 and bellow ( that what i mean by deep) based on Douple Top.

What about your Douple Top ???
are your indicator REPAINT now to Triple Top ??


to make your post useful and not (repaint) just put clear ENTRY,TP and SL .


is that too crazy having TP @ 1.6084 ????
if so, i must be double crazy...cos i place it @ 1.5770

yeah...i'm new...so i'm selfish at money....
I will be the number one Manager.
  • #192,470
  • Jan 13, 2010 12:35am Jan 13, 2010 12:35am
Quoting Jassim
There is a lot of hot money in Asia today, and thats what is causing this unjustified moves in Cuurencies and espcially in GBP... This is poised for a big drop sooner or later

from now on , I would be more careful in Asian sessions, because of HOT MONEY in China
Hi Jassim,

Sorry for my ignorance but can you explain what you mean by this hot money...

Cheers,
R
  • #192,471
  • Jan 13, 2010 12:38am Jan 13, 2010 12:38am
Quoting Jassim
Becaue of the new Bnaking restrictions in China, there could be a liquidity drain, meaning, foreginers withdrawing cash into Dollars...thats why USD/JPY is going up...later all the currencies will follow and USD will rise again
Hi Jassim,

Can you please guide me as to where you got this info from?

Cheers
R
  • #192,472
  • Jan 13, 2010 12:50am Jan 13, 2010 12:50am
Good morning guys

1.6229- the 38.2% retracement from the 16 NOV high at 1.6876
to the 1.5831 low on 30 DEC.

We'll be there shortly!

Good luck
Even A Blind Pig Finds An Acorn Once In Awhile
  • #192,473
  • Edited 1:02am Jan 13, 2010 12:50am | Edited 1:02am
Yes hit 1.6217 !!! It means I can out now, daily target has been reached, trade well what you see friends !
Attached Image (click to enlarge)
Click to Enlarge Name: 130110a.gif Size: 88 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,474
  • Jan 13, 2010 1:01am Jan 13, 2010 1:01am
Is going short here at 1.6220 a wise decision ? any inputs please...
  • #192,475
  • Jan 13, 2010 1:03am Jan 13, 2010 1:03am
What are your SLs and TPs?

This move is showing strength. Seems dips are being bought.

At least till LDN sell a thon!

Then...

Quoting joemiami
I have sell orders in place at 6215 and 6235
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #192,476
  • Jan 13, 2010 1:07am Jan 13, 2010 1:07am
Quoting XTrade
What are your SLs and TPs?

This move is showing strength. Seems dips are being bought.

At least till LDN sell a thon!

Then...
No TPs calculated yet......have my stop set at 6245
  • #192,477
  • Jan 13, 2010 1:10am Jan 13, 2010 1:10am
Here's an update...

Yesterday's post

http://www.forexfactory.com/showpost...stcount=192224

Todays... Nothing telling me to sell.....
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 123 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,478
  • Jan 13, 2010 1:10am Jan 13, 2010 1:10am
Quoting XTrade
What are your SLs and TPs?

This move is showing strength. Seems dips are being bought.

At least till LDN sell a thon!

Then...

Hey XTrade

What makes you think that the London Market will be a sellathon?

More importantly what's caused such a bold uptrend?

Inputs anyone.

Cheers,
R
  • #192,479
  • Jan 13, 2010 1:13am Jan 13, 2010 1:13am
Quoting piyeree
I think this is an ascending triangle and once it break out the strong resistance 1.6192 it will target the next resistance at 1.6240
confirmed it is an ascending triangle where do you think this breakout will take us?
  • #192,480
  • Jan 13, 2010 1:14am Jan 13, 2010 1:14am
Yes....!!! i'm in....
I will be the number one Manager.
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