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Cable Update (GBPUSD)

  • #199,001
  • Feb 10, 2010 6:18am Feb 10, 2010 6:18am
Quoting omiunu
KNOW WHEN TO FALL DOWN. KNOW WHEN TO WALK AWAY. KNOW WHEN TO RUN. YOU NEVER COUNT YOUR MONEY, WHEN YOU ARE SITTING AT THE TABLE, THERE WILL BE TIME ENOUGH TO COUNT IT WHEN THE DEAL IS DONE. tAKE WHAT U GOT AND RUN
Thank you took them and ran
  • #199,002
  • Feb 10, 2010 6:18am Feb 10, 2010 6:18am
Quoting marbellafx
In now for plenty !!
I'm in !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,003
  • Feb 10, 2010 6:18am Feb 10, 2010 6:18am
Be careful, don't get trapped..
That is only retracement for the upmove..

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-10_beartrap.jpg Size: 123 KB
Patience + Discipline =
  • #199,004
  • Feb 10, 2010 6:24am Feb 10, 2010 6:24am
Quoting Jemmy
Be careful, don't get trapped..
That is only retracement for the upmove..

Attachment
The trap maybe until 1.5586/94 or 8.30 am at USD news !
Attached Image (click to enlarge)
Click to Enlarge Name: 100210.gif Size: 61 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,005
  • Feb 10, 2010 6:25am Feb 10, 2010 6:25am
Quoting Petar_Serbia
Good opotunity for sell based on my renko princip.We have clear 3 candles finished in a row,and last finished below 15 EMA,that is great opotunity but news is very important for for 2h and i will open this demo,still test phase...

I think this will help to someone...


Cheers

40 pips plus,be carefu longs...
"Buy on fear, sell on greed !!!
  • #199,006
  • Feb 10, 2010 6:25am Feb 10, 2010 6:25am
Quoting Jemmy
Be careful, don't get trapped..
That is only retracement for the upmove..

Attachment

THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #199,007
  • Feb 10, 2010 6:29am Feb 10, 2010 6:29am
In case of consolidating below 1.5645, next support level lies at 1.5590 (intra-day support) and 1.5555 (Feb 5/9 low). On the upside, resistance levels lie at 1.5730/45 (Feb 9 highs), and above here, 1.5775 (Feb 5 high), and 1.5830 (Dec 9 low).
  • #199,008
  • Feb 10, 2010 6:29am Feb 10, 2010 6:29am
Quoting wormboy
I'm positioned long from 5591 with stop placed @5520.
First target 5750 & 2nd target 5900 before any drop....
That's the second time 5750 had been tested & we had booked profit for the first batch of longs & holding the rest.
However I'll keep buying the dips for now. No reason for me to sell yet unless scalping for pips, which I obviously have no luxury of doing since the arrival of junior
Attached chart below shows why. The first indication for my long position to be in danger would be if price close below the subltl on the h4 chart. But as you can see, there are far too many things that points a strong reversal atm.
Will hold longs for now. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 70 KB
Click to Enlarge Name: gud.JPG Size: 68 KB
Thank You
  • #199,009
  • Feb 10, 2010 6:30am Feb 10, 2010 6:30am
A nice clean break of 1.5650. Well done to the shorters.
{Promotion Removed}
  • #199,010
  • Feb 10, 2010 6:35am Feb 10, 2010 6:35am
15590/99 region looks like a good entry with loads of support confluences around that level (the 78.6 retrace, the rising trendline).

also my RSI and stochs level should be below 15 at that level so low risk entry for a rally into late Friday/early Monday before a good drop again.
  • #199,011
  • Feb 10, 2010 6:37am Feb 10, 2010 6:37am
Quoting wormboy
That's the second time 5750 had been tested & we had booked the
However I'll keep buying the dips for now. No reason for me to sell yet unless scalping for pips, which I obviously have no luxury of doing since the arrival of junior
Attached chart below shows why. The first indication for my long position to be in danger would be if price close below the subltl on the h4 chart. But as you can see, there are far too many things that points a strong reversal atm.
Will hold longs for now. Good luck.
Lol wish you many pips my friend but i think you are wrong,i dont have today setup for GBPUSD (just Renko in test phase),I have today just opened one pair USDJPY sell...

Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #199,012
  • Feb 10, 2010 6:37am Feb 10, 2010 6:37am
Quoting negro wolf

Still, I wait... Picked +40pips Short. Hoping to long @1.5650. Goodluck.
  • #199,013
  • Feb 10, 2010 6:37am Feb 10, 2010 6:37am
Quoting pipsqueeze
a nice clean break of 1.5650. Well done to the shorters.
is this what counts as a nice clean break? Hmm......... Smells fishy!!!
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #199,014
  • Feb 10, 2010 6:38am Feb 10, 2010 6:38am
Quoting wormboy
That's the second time 5750 had been tested & we had booked profit for the first batch of longs & holding the rest....
Thanks Wormie and congratz for the junior birth !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,015
  • Feb 10, 2010 6:38am Feb 10, 2010 6:38am
I'm long too @1.5626 and @ 1.5679 TP 1.5846
  • #199,016
  • Feb 10, 2010 6:43am Feb 10, 2010 6:43am
Quoting mikjurado
I'm long too @1.5626 and @ 1.5679 TP 1.5846
That is the reason why Forex has 95-98 % Traders who lost...;(
"Buy on fear, sell on greed !!!
  • #199,017
  • Feb 10, 2010 6:46am Feb 10, 2010 6:46am
Quoting wormboy
That's the second time 5750 had been tested & we had booked profit for the first batch of longs & holding the rest.
However I'll keep buying the dips for now. No reason for me to sell yet unless scalping for pips, which I obviously have no luxury of doing since the arrival of junior
Attached chart below shows why. The first indication for my long position to be in danger would be if price close below the subltl on the h4 chart. But as you can see, there are far too many things that points a strong reversal atm.
Will hold longs for now. Good...

Congrats for Junior...
  • #199,018
  • Feb 10, 2010 6:56am Feb 10, 2010 6:56am
Quoting mikjurado
I'm long too @1.5626 and @ 1.5679 TP 1.5846
me too

good luck my friend
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #199,019
  • Feb 10, 2010 6:58am Feb 10, 2010 6:58am
Quoting Petar_Serbia
That is the reason why Forex has 95-98 % Traders who lost...;(

The trend is your friend... Against the wave, they took the stand. I surf by the wave trend. Goodluck to them all.
  • #199,020
  • Feb 10, 2010 6:59am Feb 10, 2010 6:59am
Quoting negro wolf
me too

good luck my friend
wonder why u guys going long.. don follow the trend?
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