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Cable Update (GBPUSD)

  • #199,161
  • Feb 11, 2010 6:21am Feb 11, 2010 6:21am
Quoting kuroro001
You were expecting a break ? or a bounce ? i didn't understand it
double top formation with 200 SMA acting as a strong resistance.
what do you expect?
  • #199,162
  • Feb 11, 2010 6:23am Feb 11, 2010 6:23am
Quoting Baby-Trader
double top formation with 200 SMA acting as a strong resistance.
what do you expect?
Totally agree cause i'm short since the top of it on EJ and UJ...waiting for 122.80 and 89.50 at least
COT: The precious data ignored
  • #199,163
  • Feb 11, 2010 6:24am Feb 11, 2010 6:24am
Quoting MartinR
BT:
1) How cames you're sooooo sucessfully, books? pure chart anylisis? do you take long term into account?
2) I'll buy your book start writing.
3) You have modified your ADN.

Congratulations hope to have 1/4 of your skill this year.

Show it in the right places and start managing accounts!!!!

Seriously, please enlight give us the short path.
Quoting digger1
Hey bt that looks much better than the last time , that is much more normal , good job man
Quoting javapips
nice to see you again BT...,
thanks my dear friends.
I just still learning.
The hard lesson I just learned is Trade your charts.

TRADE WHAT YOU SEE NOT WHAT YOU EXPECT

let's do it.
  • #199,164
  • Feb 11, 2010 6:25am Feb 11, 2010 6:25am
Quoting kuroro001
Totally agree cause i'm short since the top of it on EJ and UJ...waiting for 122.80 and 89.50 at least
yes I ride it from 124
My Target is 119.50

Edited. May I change my view as my chart tell me
  • #199,165
  • Feb 11, 2010 6:28am Feb 11, 2010 6:28am
My interpretation is that it moves side way, U/D between H4 BB inline for another 2~3 days.
Face both Win and Lose bravely
  • #199,166
  • Feb 11, 2010 6:30am Feb 11, 2010 6:30am
Expext GBPUSD to see in next few weeks about 1.5000,clearly picture can tell you why...QTA crelarly down,retrace from previuse support and become res...






Cheers and happy trading
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"Buy on fear, sell on greed !!!
  • #199,167
  • Feb 11, 2010 6:42am Feb 11, 2010 6:42am
a sustained break of this horizontal green line will open the way to 119
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  • #199,168
  • Feb 11, 2010 6:51am Feb 11, 2010 6:51am
Could somebody help here please. Between 11.52 to 11.55 GMT, Cable sharply rose by 45 pips. There was no noticeable news to warrant this. What could be going on?

Also, I have read that Greece has not requested for any help from anybody. So, what's all the hullaballo about? Is Greece the only country with threatening deficits? All these jaw-jaw on Greece has caused so much turmoil in the market in the past one week
  • #199,169
  • Feb 11, 2010 6:57am Feb 11, 2010 6:57am
Quoting Baby-Trader
a sustained break of this horizontal green line will open the way to 119
Indeed a clear break of 122.70-80 should make the price going further down
COT: The precious data ignored
  • #199,170
  • Feb 11, 2010 7:00am Feb 11, 2010 7:00am
A pretty crazy few hours. Managed to capture a few pips but also seen a few surprises! A couple of crazy candles mixed in also!
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  • #199,171
  • Feb 11, 2010 7:10am Feb 11, 2010 7:10am
Back online --> If 1.5647 broken on H1/H4 I'll go long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,172
  • Feb 11, 2010 7:58am Feb 11, 2010 7:58am
Opportunity to go long from 1.5608, based on 50% fibs of previous move up, and the fact that we saw some previous resistance there earlier. I'm not taking it though, deciding to stay out for now. Took a position there on the previous move down, and got out for BE when it came back up on me. Too choppy for my liking!
  • #199,173
  • Feb 11, 2010 8:12am Feb 11, 2010 8:12am
Quoting Baby-Trader
Lovely trade setup on EJ H1
Quoting Baby-Trader
yes I ride it from 124
My Target is 119.50

Edited. May I change my view as my chart tell me
Trade Update.

I need only 1 hour to close below this green line.
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  • #199,174
  • Feb 11, 2010 8:21am Feb 11, 2010 8:21am
Stuck on 1.5594 ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,175
  • Feb 11, 2010 8:25am Feb 11, 2010 8:25am
Quoting manize
Stuck on 1.5594 ?
I'm in !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,176
  • Feb 11, 2010 8:30am Feb 11, 2010 8:30am
Quoting manize
Stuck on 1.5594 ?
go long or short masta manize?...
Revesal Trader
  • #199,177
  • Feb 11, 2010 8:44am Feb 11, 2010 8:44am
Quoting manize
Stuck on 1.5594 ?
1.5595 is the 61.80% fib of previous move up so that's possibly we are seeing some buying there. Could still break it though, I'd rather not speculate, that's why I'm on the side lines. Cables been up and down for 4 days now, beginning to annoy me. Long term trend is still down though so I've been entering all my longs with caution. Also we saw a double top at 1.5750 and strong selling on the previous test of 1.5650. Just when the bulls seem in control the bears seem to come out and pounce.
  • #199,178
  • Feb 11, 2010 8:46am Feb 11, 2010 8:46am
all the way to my target.
What will stop it.
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  • #199,179
  • Feb 11, 2010 8:53am Feb 11, 2010 8:53am
hello all, i'm new here, hope this great forum can change my trading skill to be much better ...

i'm wondering if i should buy from here
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  • #199,180
  • Feb 11, 2010 8:59am Feb 11, 2010 8:59am
i'm sorry, but i wonder why there's EUR/JPY chart in this thread? are there some connection between EJ and GU?
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