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Cable Update (GBPUSD)

  • #219,161
  • Apr 19, 2010 5:57am Apr 19, 2010 5:57am
Quoting pawpaw1000
I'm waiting for confirmation on m30 that 5200 will hold before I do that...
buy 5218, sl 5155, t/p 5320 (where my pending sell order is placed!)
@pawpaw1000 on Twitter
  • #219,162
  • Apr 19, 2010 5:58am Apr 19, 2010 5:58am
Quoting Bull_Bear
If you wish, your not wrong in doing that

I have a different trading method and trade at certain levels with naked charts.
I agree with you there BB, price action is the way trading has turned out for me after 3 yrs, squiggly indicators don't work for me either
Just my 2 cents worth
  • #219,163
  • Apr 19, 2010 5:59am Apr 19, 2010 5:59am
Quoting bbakker
Looking at this chart, we might be in the makings of a H&S, but that is a long way off yet! Let's not speculate! Better to wait for confirmation!
Try a bearish Flag Formation first
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,164
  • Apr 19, 2010 5:59am Apr 19, 2010 5:59am
Quoting Bull_Bear
If you wish, your not wrong in doing that

I have a different trading method and trade at certain levels with naked charts.
thanks BB, have entered now as I feel more comfortable when price is a bit further from s/r..
@pawpaw1000 on Twitter
  • #219,165
  • Apr 19, 2010 6:03am Apr 19, 2010 6:03am
Quoting Guy Mann
I agree with you there BB, price action is the way trading has turned out for me after 3 yrs, squiggly indicators don't work for me either
great to have another south african... You must be mildly successful if you're still around after all this time

Green pips brother, hoping to make alot this week...
@pawpaw1000 on Twitter
  • #219,166
  • Apr 19, 2010 6:03am Apr 19, 2010 6:03am
Quoting Guy Mann
I agree with you there BB, price action is the way trading has turned out for me after 3 yrs, squiggly indicators don't work for me either
Squiggly indicators

Quoting pawpaw1000
thanks BB, have entered now as I feel more comfortable when price is a bit further from s/r..
No Probs mate... Good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,167
  • Apr 19, 2010 6:05am Apr 19, 2010 6:05am
i love to hit the head one way
  • #219,168
  • Apr 19, 2010 6:08am Apr 19, 2010 6:08am
Quoting Bull_Bear
Squiggly indicators



No Probs mate... Good luck
sorry mate, do you mind explaining how you know whether s/r will hold. I use m15 and m30 to stop at s/r and then one bar in the opposite direction closing higher/lower than the previous bars high / low...

if you cant now, its ok...
@pawpaw1000 on Twitter
  • #219,169
  • Apr 19, 2010 6:11am Apr 19, 2010 6:11am
Quoting Bull_Bear
Try a bearish Flag Formation first
I know it is one long flag pole, but will the flag be as big as you think it will with your TP
  • #219,170
  • Apr 19, 2010 6:11am Apr 19, 2010 6:11am
This looks to much bearish to be true. I will wait.
  • #219,171
  • Apr 19, 2010 6:13am Apr 19, 2010 6:13am
If it makes you feel any better, I have been buying and 5520 is not that much of a reach. But on the other hand, the Daily still hasnt tested the backside of the DTL yet and that is around 4900. So I will be buying all the way if need be. My original stop is 4750.

Quoting FxSignals
my buy activated ...

http://www.forexfactory.com/showpost...stcount=218830
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
  • #219,172
  • Apr 19, 2010 6:14am Apr 19, 2010 6:14am
Quoting bbmac
citifx going long gbpusd 5425 stop 5310., targetting 6000 area
G/L
Taken to the cleaners...again.
They must be trying to set a record here
  • #219,173
  • Apr 19, 2010 6:15am Apr 19, 2010 6:15am
1.515-1.52 must hold - if not - we will see 1.48-1.49 again imo
  • #219,174
  • Apr 19, 2010 6:17am Apr 19, 2010 6:17am
Quoting Nene
If it makes you feel any better, I have been buying and 5520 is not that much of a reach. But on the other hand, the Daily still hasnt tested the backside of the DTL yet and that is around 4900. So I will be buying all the way if need be. My original stop is 4750.
Will you change your mind if the MACD goes into negative territory?
  • #219,175
  • Apr 19, 2010 6:17am Apr 19, 2010 6:17am
Quoting pawpaw1000
sorry mate, do you mind explaining how you know whether s/r will hold. I use m15 and m30 to stop at s/r and then one bar in the opposite direction closing higher/lower than the previous bars high / low...if you cant now, its ok...
Very Simple use SL and find confluence (fibs, TL, OLD Resistence)....

Firstly, I do not use the 15 or 30 min chart.

I define trend with a min of 4H and above.

I define signifigant levels of S/R with min 4H and above

I use fibs and trend lines.

LIVE, EAT, SLEEP and SHIT YOUR LEVELS, KNOW THME WELL AND YOUR TRADING WILL IMPROVE.

Thats it.... KIS
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,176
  • Apr 19, 2010 6:18am Apr 19, 2010 6:18am
It is just a small window, bye-bye.
Face both Win and Lose bravely
  • #219,177
  • Apr 19, 2010 6:18am Apr 19, 2010 6:18am
Quoting pqt
Taken to the cleaners...again.
They must be trying to set a record here
Whatever they post on their web site, they will be doing the exact opposite They want your money!
  • #219,178
  • Apr 19, 2010 6:21am Apr 19, 2010 6:21am
Quoting bbakker
I know it is one long flag pole, but will the flag be as big as you think it will with your TP
I'm talking probability of pattern formations. The probability of a bearish flag formation will come to fruitition (if it does) before the HS formation (if it does).

I was giving you a heads up.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,179
  • Apr 19, 2010 6:21am Apr 19, 2010 6:21am
Quoting Nene
If it makes you feel any better, I have been buying and 5520 is not that much of a reach. But on the other hand, the Daily still hasnt tested the backside of the DTL yet and that is around 4900. So I will be buying all the way if need be. My original stop is 4750.
wow you are a determined bull good luck ! (no sarcasm or aynthing) im still waiting for my 1.5150 before i start buying .
  • #219,180
  • Apr 19, 2010 6:24am Apr 19, 2010 6:24am
we need a bloodbath of some kind!
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