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Cable Update (GBPUSD)

  • #202,841
  • Mar 2, 2010 9:14am Mar 2, 2010 9:14am
The 1st wall 1.4905, pass it will be easy then !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,842
  • Mar 2, 2010 9:18am Mar 2, 2010 9:18am
Quoting Magix
Last line of long support on the 30m 24SMA. A close candle below here is negating a long side trigger on the 5 200/24 cross. Crashing back down?

IF we hold this line, possible target to 1.5012...IF we lose support ew....
cant really see your charts clearly. can u state the level of the last line of support? thanks
  • #202,843
  • Mar 2, 2010 9:18am Mar 2, 2010 9:18am
Quoting citrusvtk
shit...now 1.4930!!
dammmmmmmmmnnnnnnnnn this GU no up anymore..
i agree
  • #202,844
  • Mar 2, 2010 9:22am Mar 2, 2010 9:22am
Quoting Magix
Last line of long support on the 30m 24SMA. A close candle below here is negating a long side trigger on the 5 200/24 cross. Crashing back down?

IF we hold this line, possible target to 1.5012...IF we lose support ew....
this hasent been able to hold above the 200ema for long on the 5 minute for days and days dude, not that trading is ever easy lol, but trending markets and that chart has made some trades very easy to take lol
  • #202,845
  • Mar 2, 2010 9:23am Mar 2, 2010 9:23am
Quoting forexlion
i was testing a firefox plugin

it worked
Now I'm looking at H4 and I'm seeing that price will go to 1.46987.

I think that may be it is bottom.

I don't know so far
  • #202,846
  • Mar 2, 2010 9:23am Mar 2, 2010 9:23am
Quoting yunielescaz
cant really see your charts clearly. can u state the level of the last line of support? thanks
Support on the 30m is 1.4930...so, if at the close of this 30m candle we are below this line...not a good time to be holding or looking long.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,847
  • Mar 2, 2010 9:26am Mar 2, 2010 9:26am
testing the firefox plugin

one click job

http://img96.imageshack.us/img96/403...d20100302b.gif
  • #202,848
  • Mar 2, 2010 9:27am Mar 2, 2010 9:27am
Quoting digger1
this hasent been able to hold above the 200ema for long on the 5 minute for days and days dude, not that trading is ever easy lol, but trending markets and that chart has made some trades very easy to take lol
Agreed dig, I have been more so taking trades off of the 1m chart and price relation to the 200ema. But you know me...I am all about confirmation.

Took 1 long for 23, and just closed short for 17...sitting in wait now.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,849
  • Mar 2, 2010 9:31am Mar 2, 2010 9:31am
Quoting Magix
Agreed dig, I have been more so taking trades off of the 1m chart and price relation to the 200ema. But you know me...I am all about confirmation.

Took 1 long for 23, and just closed short for 17...sitting in wait now.

ha ha , I know man , I have a weekly S2 level at 1.4900, we have been below it we have also tagged the 618 retracement level from the 6 month range at the top , so half expecting a bounce but until the horse kicks you off you keep riding lol
  • #202,850
  • Mar 2, 2010 9:32am Mar 2, 2010 9:32am
where are u guys lookin at for TP? im lookin at yesterday's low 1.4780. most likely would recoil there. staying out of the retracement to look for more short entries.
  • #202,851
  • Mar 2, 2010 9:34am Mar 2, 2010 9:34am
Quoting yunielescaz
where are u guys lookin at for TP? im lookin at yesterday's low 1.4780. most likely would recoil there. staying out of the retracement to look for more short entries.
dont know if it will or not but I am hoping to get 1.4885 again , will decide from there
  • #202,852
  • Mar 2, 2010 9:36am Mar 2, 2010 9:36am
Quoting digger1
dont know if it will or not but I am hoping to get 1.4885 again , will decide from there
i would also be happy with today's low of 1.4853
  • #202,853
  • Mar 2, 2010 9:38am Mar 2, 2010 9:38am
Quoting yunielescaz
where are u guys lookin at for TP? im lookin at yesterday's low 1.4780. most likely would recoil there. staying out of the retracement to look for more short entries.
closed most of mine at 1.4890 , 1.4885 is my 618 retracement level from the range at the top , may be more but am quite happy with what I got lol
  • #202,854
  • Mar 2, 2010 9:39am Mar 2, 2010 9:39am
Quote:
Originally Posted by citrusvtk http://cdn.forexfactory.com/images/buttons/viewpost.gif
shit...now 1.4930!!
dammmmmmmmmnnnnnnnnn this GU no up anymore..

i agree

I think we can forget about 4930 for a short while now, <4900 era begins officially IMO, 4990-5000 well tested...
two minor TP hit today but still way to close yesterday's SL gap
  • #202,855
  • Mar 2, 2010 9:40am Mar 2, 2010 9:40am
Quoting digger1
closed most of mine at 1.4890 , 1.4885 is my 618 retracement level from the range at the top , may be more but am quite happy with what I got lol
grats on the take! my 5min down channel hasnt been broken yet. guess i'll hold on till it breaks out of the channel.
  • #202,856
  • Mar 2, 2010 9:40am Mar 2, 2010 9:40am
what plugin? i want it. link

Quoting forexlion
testing the firefox plugin

one click job


  • #202,857
  • Mar 2, 2010 9:46am Mar 2, 2010 9:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-02_macd.jpg Size: 163 KB
Patience + Discipline =
  • #202,858
  • Mar 2, 2010 9:47am Mar 2, 2010 9:47am
salam hi all


was away came back and was realy happy got some greeny ones
  • #202,859
  • Mar 2, 2010 9:50am Mar 2, 2010 9:50am
Quoting Fx1618
Thank you....true, my bias is still short although I'm currently in a Long from 945. If we break 510 and I get confirmation, I'll change my outlook from short to long... happy Pip'n
out for -25, short from 907... no chart (send from mobile)
  • #202,860
  • Mar 2, 2010 10:00am Mar 2, 2010 10:00am
Support becomes resistance...same 24SMA on the 30M chart.

Ya could kinda feel this was going to be an interesting week....
Attached Image (click to enlarge)
Click to Enlarge Name: sr.jpg Size: 206 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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