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Cable Update (GBPUSD)

  • #203,501
  • Mar 4, 2010 8:17am Mar 4, 2010 8:17am
Quoting ffguy
G JPY spiked up 70+ pips
was long 5 lots that pair at 133.20 jump out at 133.30....sour thursday for me you guys can reckon
  • #203,502
  • Mar 4, 2010 8:20am Mar 4, 2010 8:20am
Quoting omiunu
OH!!! GREAT MASTER!!!!!! HEAR THE KLAXON CALL. THE BEAR CAVALRY APPROACHES AT GREAT SPEED.

Reminder:
1. http://www.forexfactory.com/showpost...stcount=203155


Thank You
  • #203,503
  • Mar 4, 2010 8:20am Mar 4, 2010 8:20am
short usd/jpy from 89.024
  • #203,504
  • Mar 4, 2010 8:21am Mar 4, 2010 8:21am
5m update
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  • #203,505
  • Mar 4, 2010 8:21am Mar 4, 2010 8:21am
Quoting ffguy
was long 5 lots that pair at 133.20 jump out at 133.30....sour thursday for me you guys can reckon
Thank You
  • #203,506
  • Mar 4, 2010 8:22am Mar 4, 2010 8:22am
Quoting pipsimax
short usd/jpy from 89.024
get a journal.
Thank You
  • #203,507
  • Mar 4, 2010 8:23am Mar 4, 2010 8:23am
Hmmmm.

Watch the usdjpy.

Inserted Video
  • #203,508
  • Mar 4, 2010 8:27am Mar 4, 2010 8:27am
Quoting n000b
All I can say is that, I think we will test the low of 1.485, before there can be 400/500 pips move up. I am not in the GU, right the EUR/GBP looks a lot more easier to predict i.e. DOWN! for around 200 or so pips .
And the desent beings of EURGBP, sorry wrong thread . Besides, I am pretty sure, this up move of GU is fake, we will see atleast 1.485 once.
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #203,509
  • Mar 4, 2010 8:28am Mar 4, 2010 8:28am
Quoting Magix
The 24SMA on 5m is moving up, as is price, but still not confirmed.

1m supports a long side play and is working with the 15m, but we are still in undecided territory as for adding or taking a long side position as far as I see...

A close above the red line here is the trigger on trend...but with this much apparent resistance...It's not looking that happy yet.

wise man why u have to be right all the time u will get u conformation soon
  • #203,510
  • Mar 4, 2010 8:33am Mar 4, 2010 8:33am
Quoting kill56
wise man why u have to be right all the time u will get u conformation soon
Already confirmed...notice what happened when price closed above 24SMA on 5m chart.

Trigger on trend.

There was support on the 30m 200ema, and support from the 24SMA...

Not a time for me to go bearish was all...

Now...if the 24SMA closes above the 200ema on the 30m chart, that will confirm long side target to 200EMA on 1hr chart...again, price point sits at around 1.5201.

Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,511
  • Mar 4, 2010 8:34am Mar 4, 2010 8:34am
Quoting Magix
The 24SMA on 5m is moving up, as is price, but still not confirmed.

1m supports a long side play and is working with the 15m, but we are still in undecided territory as for adding or taking a long side position as far as I see...

A close above the red line here is the trigger on trend...but with this much apparent resistance...It's not looking that happy yet.
Yeah man, almost up high enough to fill my order and then I'm goin' to catch some zzzzzzzzz's
  • #203,512
  • Mar 4, 2010 8:36am Mar 4, 2010 8:36am
GU breached yesterday's high. Will she climb or will she plop?
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  • #203,513
  • Mar 4, 2010 8:40am Mar 4, 2010 8:40am
Quoting Magix
Already confirmed...notice what happened when price closed above 24SMA on 5m chart.

Trigger on trend.

There was support on the 30m 200ema, and support from the 24SMA...

Not a time for me to go bearish was all...

Now...if the 24SMA closes above the 200ema on the 30m chart, that will confirm long side target to 200EMA on 1hr chart...again, price point sits at around 1.5201.

What is your safe target for this up move?

I am looking first 1.5170 and then 1.5190.

Thanks
  • #203,514
  • Mar 4, 2010 8:41am Mar 4, 2010 8:41am
The usual 10 pip knock back atm.

I'm gonna take a small stab at short, SL at 1.5150 and TP 1.5100. Wish me luck!
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  • #203,515
  • Mar 4, 2010 8:41am Mar 4, 2010 8:41am
Quoting PipSqueeze
GU breached yesterday's high. Will she climb or will she plop?
She'll "plop" - she just fill my south-bound order so she better do the right thing by me now. I'll watch her turn; put on a trailling stop and I'm goin' to slumber land
  • #203,516
  • Mar 4, 2010 8:46am Mar 4, 2010 8:46am
Quoting sohail212
What is your safe target for this up move?

I am looking first 1.5170 and then 1.5190.

Thanks
Sorry sohail, I am not a target kind of guy, I work with price action in accordance with moving averages. As the 30m is not clearly confirmed by my standards, we could be subject to crash and burn anytime. IF we do confirm, targets based on the MA's sit at about 1.5201, but that is subject to change as it is a Moving target.

So, for me right now, there is a time to be a bull, and a time not to buy...

After that, I just leave it to the support of the lower time frames.

As much as possible, I choose not to speculate, I am really not that good at it.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,517
  • Mar 4, 2010 8:51am Mar 4, 2010 8:51am
Quote
Hmmmm.

Watch the usdjpy.

Great Video. Yes with little practice, one can start trading pivot points.
  • #203,518
  • Mar 4, 2010 8:52am Mar 4, 2010 8:52am
check out that beautiful hrly spinning top and 15m reversal hammer; I hear my bed calling me now...soon my sweet...soon, just making sure I've got protection (referring to my trade here of course) ... if GU keeps falling fine, if not, well that's just the luck of the draw. Many pips to you all guys...
  • #203,519
  • Mar 4, 2010 8:52am Mar 4, 2010 8:52am
I wonder how some traders don know the first rules of forex!!!
never trust to any confirmation of pattern or breakouts b4 important news
if u r daily or hourly trader, specially $ news bear or bull it could be clear
next hour after news
  • #203,520
  • Mar 4, 2010 8:54am Mar 4, 2010 8:54am
5m to US news lets see
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