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Cable Update (GBPUSD)

  • #210,301
  • Mar 25, 2010 11:16pm Mar 25, 2010 11:16pm
Quoting forexlion
I am watching this carefully

http://img408.imageshack.us/img408/4354/54042100.gif
Looking at that too... if it breaks pivot, will try for long...
Don't be emo... don't be emo....
  • #210,302
  • Mar 25, 2010 11:19pm Mar 25, 2010 11:19pm
Sell now & TP at 1.475?
He hee.. already went in..

Hope for the best.
Smile Chankl78
  • #210,303
  • Mar 25, 2010 11:21pm Mar 25, 2010 11:21pm
Quoting Jemmy
Attachment
D-4 ~ BULLS 1 : 6 BEARS
D-3 ~ BULLS 1 : 6 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 0 : 7 BEARS
today ~ BULLS 0 : 7 BEARS

Attachment
yesterday pending sell 1.4800 triggered at the bottom..
move SL to 1.4950 (today pivot +50 pips & last day pivot +25pips)..
ouch, hope it turns around soon for you.
i got my r1 at 1.4944 and a 200sma at 1468 on the m30.

i use oanda as well, but i don't chart with them. i rely heavily on pivot points and manually doing it everyday is annoying on oanda's charts
  • #210,304
  • Mar 25, 2010 11:26pm Mar 25, 2010 11:26pm
It Bounced off pretty good from the 1.4800 level, after trying 3-4 times I can see some pins down there, and also the pin yesterday morning at 1.5000 level, indicating huge rejection from both sides. So, i think it will just range today between these two levels. no news today, so Big move should be next week.
  • #210,305
  • Mar 25, 2010 11:34pm Mar 25, 2010 11:34pm
Quoting forexlion
I am watching this carefully

http://img408.imageshack.us/img408/4354/54042100.gif
4945 looks logical to me as a fair target

http://img263.imageshack.us/img263/4041/59594255.gif
  • #210,306
  • Mar 25, 2010 11:37pm Mar 25, 2010 11:37pm
Quoting forexlion
4945 looks logical to me as a fair target

http://img263.imageshack.us/img263/4041/59594255.gif
My target will be 4933 if it breaks...

Movement for this morning has been slow...
Don't be emo... don't be emo....
  • #210,307
  • Mar 25, 2010 11:50pm Mar 25, 2010 11:50pm
Quoting drakes
My target will be 4933 if it breaks...

Movement for this morning has been slow...
but eventually my short target is now 1.44 confirmed
  • #210,308
  • Mar 25, 2010 11:55pm Mar 25, 2010 11:55pm
Quoting forexlion
4945 looks logical to me as a fair target
Nice to see you

http://www.forexfactory.com/showthre...on#post3584514
  • #210,309
  • Mar 25, 2010 11:55pm Mar 25, 2010 11:55pm
Quoting forexlion
but eventually my short target is now 1.44 confirmed
What do you mean? After this retrace?
Don't be emo... don't be emo....
  • #210,310
  • Mar 26, 2010 12:03am Mar 26, 2010 12:03am
USDX is shooting up to almost 82.00, but why is dollar so weak today ?
  • #210,311
  • Mar 26, 2010 12:07am Mar 26, 2010 12:07am
Quoting 9000rpm
mind if i ask your reasoning behind the short?

i don't see anything on my chart other than the retracement back up

this could be one valid reason

low volume move of 85 pip back to where London sold it off ..... gives the pros another opportunity to get in at a better price. This could move to 1.4910 but should go no higher

pretty good place for sell IMHO

price can fall in a market with no volume . Like a rocket taking off without fuel ... it cannot rise for any length of time. This is just positioning for next session it seems like.

Attached Image (click to enlarge)
Click to Enlarge Name: chart2016.png Size: 200 KB
Blogging daily now at www.volume.zone
  • #210,312
  • Mar 26, 2010 12:14am Mar 26, 2010 12:14am
Quoting 9000rpm
ouch, hope it turns around soon for you.
i got my r1 at 1.4944 and a 200sma at 1468 on the m30.
i use oanda as well, but i don't chart with them. i rely heavily on pivot points and manually doing it everyday is annoying on oanda's charts
i am using oanda chart but trade with other..
almost all my decision to open/close trades based on (today & yesterday) pivot, S/R..
green pips to you, 9000rpm..
Patience + Discipline =
  • #210,313
  • Mar 26, 2010 12:33am Mar 26, 2010 12:33am
morning all...

I'm kinda Fu^&%ED as I accidentally set two shorts last night instead of one...

that means I'm in at double my normal position and my short was triggered at 4850...

any advise? Kinda pissed off!
@pawpaw1000 on Twitter
  • #210,314
  • Mar 26, 2010 12:39am Mar 26, 2010 12:39am
Quoting pawpaw1000
morning all...

I'm kinda Fu^&%ED as I accidentally set two shorts last night instead of one...

that means I'm in at double my normal position and my short was triggered at 4850...

any advise? Kinda pissed off!
You probably need to close one of those position out.
  • #210,315
  • Mar 26, 2010 12:39am Mar 26, 2010 12:39am
Quoting pawpaw1000
morning all...

I'm kinda Fu^&%ED as I accidentally set two shorts last night instead of one...

that means I'm in at double my normal position and my short was triggered at 4850...

any advise? Kinda pissed off!
that stinks man , 1.4907 to 1.4920 , should be a good resistence area , not recomending anything but just an area to watch for a possible retracement area , hope it works out for you
  • #210,316
  • Mar 26, 2010 12:41am Mar 26, 2010 12:41am
Quoting pawpaw1000
morning all...

I'm kinda Fu^&%ED as I accidentally set two shorts last night instead of one...

that means I'm in at double my normal position and my short was triggered at 4850...

any advise? Kinda pissed off!

Been there... know how you feel man... either wait for the bearish trend downwards or close the positions...
Don't be emo... don't be emo....
  • #210,317
  • Mar 26, 2010 12:41am Mar 26, 2010 12:41am
Quoting stunna29
You probably need to close one of those position out.
I am not seeing any strenght to the down side at this moment..so be careful.
  • #210,318
  • Mar 26, 2010 12:44am Mar 26, 2010 12:44am
Quoting stunna29
I am not seeing any strenght to the down side at this moment..so be careful.
Where are you seeing strength to the upside? Just curious.
  • #210,319
  • Mar 26, 2010 12:48am Mar 26, 2010 12:48am
Quoting stunna29
You probably need to close one of those position out.

if this is truely a reversal they will push it back down for a 50 % reatrcement of asia move for the pros to buy

There was little buying at the base.

In fact this whole move in aisa has been on low volume ... and what better time to push price up.

I would not get to excited , either way you should be able to get out of both break even
Blogging daily now at www.volume.zone
  • #210,320
  • Mar 26, 2010 12:56am Mar 26, 2010 12:56am
well, my thesis is that we are still in downtrend and this was a great 80 pip retrace and 50% fib is sitting at 4900...

I believe we gonna go down SOMETIME but it is friday and I'm nervous as hell...

Was doing so great and have really fiufiohjviofhfh my profits now. This could also turn out to be good if it turns at 49000 and runs down to 47000 as I expect it will do but wasnt keen on all this risk!!!
@pawpaw1000 on Twitter
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