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Cable Update (GBPUSD)

  • #194,161
  • Jan 19, 2010 5:08am Jan 19, 2010 5:08am
Quoting Petar_Serbia
Guys this is the picture for you ...
I love it, that is about right though.
  • #194,162
  • Jan 19, 2010 5:09am Jan 19, 2010 5:09am
Quoting neo1599
Hi

Just closed all Long positions. Waiting for re-entry at 1.6355-42 with a tight SL.

I still see a strong uptrend on the 4h TF with a small retrace to possibly go to 67xx.
You shouldn't post your trades here...you might have a bull?bear? on your back.

Goodluck
  • #194,163
  • Jan 19, 2010 5:13am Jan 19, 2010 5:13am
Quoting neo1599
I still see a strong uptrend on the 4h TF with a small retrace to possibly go to 67xx.
I agree Neo!
A pip is only worth it if you know how much you risked to earn it
  • #194,164
  • Jan 19, 2010 5:15am Jan 19, 2010 5:15am
Quoting vlady1974
Hey MauroFX,

No worries, mate....
Allrgight, It seems I'll have to read mate! I'll believe you it's good, I was really surprised of +1/8 acting as a resistance on EU before the spike. I'll let you know how it works for me.
Last querstion: when I plot the indicator don't know why but after that when I draw a trendline it disspaears when I change currency pair or timeframe. Any clue about this?
Greetings dude, tks for your time!
  • #194,165
  • Jan 19, 2010 5:15am Jan 19, 2010 5:15am
Quoting neo1599
I still see a strong uptrend on the 4h TF with a small retrace to possibly go to 67xx.
Agreed
Don't tell me how much you can earn. Tell me how much you may lose..
  • #194,166
  • Jan 19, 2010 5:16am Jan 19, 2010 5:16am
Quoting TheGabriel
I'd stop buying Cable and start SHORTING instead. I think Cable is a bubble right now and the up move is just self sustained, this will come down very soon and I'll be there to short it.... Right now I'm trading different pairs, waiting cable to reverse. Anyway we have a top formed so a sell is good attempt if you want to get in now.
You come late, already drop bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,167
  • Jan 19, 2010 5:22am Jan 19, 2010 5:22am
Price doesn´t move below that support line...
Attached Image (click to enlarge)
Click to Enlarge Name: aa.jpg Size: 63 KB
... All good things come to those who wait...
  • #194,168
  • Jan 19, 2010 5:22am Jan 19, 2010 5:22am
Quoting maurofx
Allrgight, It seems I'll have to read mate! I'll believe you it's good, I was really surprised of +1/8 acting as a resistance on EU before the spike.
Yes! Get familiar with the rules for each line as they have price "personalities". Any +/- 1/8 is a danger area which has quick reversals. I used to try and call tops from it, but I don't do that any more. As many have said before MML is not a trading strategy, just still a price indicator.


Quoting maurofx
Last querstion: when I plot the indicator don't know why but after that when I draw a trendline it disspaears when I change currency pair or timeframe. Any clue about this?
Greetings dude, tks for your time!
I'll have to check this when I'm back at home as I'm not in front of my terminal. I'll message you tonight/tomorrow. Cheers! Good luck with your trades!
A pip is only worth it if you know how much you risked to earn it
  • #194,169
  • Jan 19, 2010 5:26am Jan 19, 2010 5:26am
Quoting EasyTrader
What do you know?

Hi Mr GURU BULL

Just TP for + 55 Pips

Cheers
Well done!
Looks like i made harder work of it than you with my 3 trades but similar results overall. :0)
  • #194,170
  • Jan 19, 2010 5:27am Jan 19, 2010 5:27am
Dollar very strong today. Heading towards 1.40 against EUR.
Probably cable will follow.
Jacko's turtle
  • #194,171
  • Jan 19, 2010 5:28am Jan 19, 2010 5:28am
Quoting EasyTrader
What do you know?

Hi Mr GURU BULL

Just TP for + 55 Pips

Cheers
I suppose you are quoting me....

Good for you on this occassion... great guess, cos thats what i put it down too as i have no analysis to base your post, except a "clown"

Your posts are meaningless and it does not help newbies, if your an experience trader than you would have analysis base charts. Do you not? No harm in sharing your charts and reasoning to promote learning. Technical know how in this game is essential! Period....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,172
  • Jan 19, 2010 5:30am Jan 19, 2010 5:30am
Quoting manize
You come late, already drop bro !
hehe manize still time to get in bro, I'm waiting for my confirmation but I bet you sold that top so cheers. 1.634 and I'll short it, 1.629 break means bye-bye upmove.
"Hate the sin, love the sinner." - Gandhi
  • #194,173
  • Jan 19, 2010 5:31am Jan 19, 2010 5:31am
Also Good Time For Going Long On Eur/Gbp As The Cable Is Falling.

( I'm Short On Cad/Jpy , Gbp/Jpy , Gbp/Usd & Long On Eur/Gbp ).

Good Luck All !

* Never Trust To Any Indicator *
  • #194,174
  • Jan 19, 2010 5:36am Jan 19, 2010 5:36am
Daily chart shows a good retracement that could make the candle close as pinbar, therefor traders could close positions and start shorting heavy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-target.jpg Size: 274 KB
"Hate the sin, love the sinner." - Gandhi
  • #194,175
  • Jan 19, 2010 5:37am Jan 19, 2010 5:37am
Quoting ZeroPip
Price doesn´t move below that support line...
Will be tested on US session. I think the same, :nerd:1.6354 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,176
  • Jan 19, 2010 5:37am Jan 19, 2010 5:37am
Quoting vlady1974
I'll have to check this when I'm back at home as I'm not in front of my terminal. I'll message you tonight/tomorrow. Cheers! Good luck with your trades!
Thanks a lot man, I really apreciate it!! Guess I'm off to bed, I've been in the PC for 10 hours straight!
Take care bro!
  • #194,177
  • Jan 19, 2010 5:44am Jan 19, 2010 5:44am
Quoting TheGabriel
Daily chart shows a good retracement that could make the candle close as pinbar, therefor traders could close positions and start shorting heavy.
Is getting at level 1.635 so is moving as predicted right now, let's see if it breaks.
"Hate the sin, love the sinner." - Gandhi
  • #194,178
  • Jan 19, 2010 5:47am Jan 19, 2010 5:47am
do u guy agree with that daily is a gartley so heavy short?
never run after pips, let pips just come to you
  • #194,179
  • Jan 19, 2010 5:47am Jan 19, 2010 5:47am
My Chart.
The way is very long
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
  • #194,180
  • Jan 19, 2010 5:48am Jan 19, 2010 5:48am
I am going long at 1.6358, with S/L 1.6320...Target is 1.6428
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