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Cable Update (GBPUSD)

  • #227,901
  • May 20, 2010 6:11pm May 20, 2010 6:11pm
and this is the GY chart
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  • #227,902
  • May 20, 2010 6:15pm May 20, 2010 6:15pm
Quoting kill56
hey bro

to the next level

keefak ya za3eem
7abeeb Alby
ana el7amdo lellah. enta a7'barak eah
  • #227,903
  • May 20, 2010 6:19pm May 20, 2010 6:19pm
EU
Inverted Head & Shoulder
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  • #227,904
  • May 20, 2010 6:20pm May 20, 2010 6:20pm
Quoting Baby-Trader
7abeeb Alby
ana el7amdo lellah. enta a7'barak eah
momtaz el 7amddolilla kolo akher alesta
  • #227,905
  • May 20, 2010 6:26pm May 20, 2010 6:26pm
Malcolmb !!!!!

What do you see on that wave count ???
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  • #227,906
  • May 20, 2010 7:34pm May 20, 2010 7:34pm
Who can guess the pair for this chart. ???
400+ pip in just 2 hours
What a lovely and crazy market!!.
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  • #227,907
  • May 20, 2010 7:58pm May 20, 2010 7:58pm
What Will Happen.
TA says up. let's listen to what market says.
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  • #227,908
  • May 20, 2010 9:14pm May 20, 2010 9:14pm
GU possibility
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  • #227,909
  • May 20, 2010 11:39pm May 20, 2010 11:39pm
Looking at fibs on 1 and 4 hour charts there is a good chance we may be within a bullish reversal up towards the 1.4695 (50% retrace on 1hour) or 1.4717 (38% retrace on the 4 hour) charts.

I am going to wait for a small retrace from where we are now (maybe 1.44 area) and then go long from here.

Good luck guys.

Freaky Friday. muahahahaha
  • #227,910
  • May 20, 2010 11:58pm May 20, 2010 11:58pm
long 1.4408
  • #227,911
  • May 21, 2010 12:11am May 21, 2010 12:11am
EG hit the 50% retrace on the 4 hr fib earlier today. Could see drop back down to 8700 (38% retrace line) gone short.
  • #227,912
  • May 21, 2010 12:14am May 21, 2010 12:14am
Quoting Baby-Trader
Who can guess the pair for this chart. ???
400+ pip in just 2 hours
What a lovely and crazy market!!.
Thats what ya call Swiss Central Bank intervention. Those are great moves if ya can get an idea when they might intervene. But that is rough. They choose different prices every time LOL. I dont trade that pair but those are sure nice moves as long as ur long
  • #227,913
  • May 21, 2010 12:29am May 21, 2010 12:29am
Like I pointed out on the fiber thread cable is oversold.Down to fast to quick.

Ive been short cable for 5 months now and enjoying the pips.The retrace around april 16 hit my T/P on my long term shorts but since then she has dived dived dived.

The spikes down and retrace are markets lack of confidence right now with all the black swans.

Do we need to trade everyday?

Sometimes it helps to look at the bigger picture.

cheers
g
  • #227,914
  • May 21, 2010 12:30am May 21, 2010 12:30am
Quoting OldReigatian
long 1.4408
Out 1.4445 hit and run, so much fun!!!
  • #227,915
  • May 21, 2010 12:37am May 21, 2010 12:37am
Quoting OldReigatian
Out 1.4445 hit and run, so much fun!!!
I thought u were aiming 1.4695. you ready for another dip to the 1.4400 area ?
  • #227,916
  • May 21, 2010 12:38am May 21, 2010 12:38am
Quoting Honored
I thought u were aiming 1.4695. you ready for another dip to the 1.4400 area ?
It's not gonna go straight line.

I like to trade, take, protect.

Watch for rally, reversal, re-entry.

Just thought it was good time to get out as usually see choppy trades between 6.30 and 8.00 gmt.

If I miss some so what, at least I've banked some. and remember if the rally continues up to (say) 1.4525, yeah I've missed 75 pips, but I'll catch some on the reversal and then collect some more when it goes back up. It's not an exact science.

10 x 30 pip trades a day is 300 pips per day.
  • #227,917
  • May 21, 2010 12:48am May 21, 2010 12:48am
Quoting OldReigatian
EG hit the 50% retrace on the 4 hr fib earlier today. Could see drop back down to 8700 (38% retrace line) gone short.
Out 8738 from 8753
  • #227,918
  • May 21, 2010 12:58am May 21, 2010 12:58am
I am shorting it at 1.4487 and letting my Manage The Pip EA take care of it from there.

Good night.
  • #227,919
  • May 21, 2010 1:37am May 21, 2010 1:37am
On the daily chart, its ranging between 1.4459-1.4229.

Took a short at 1.4451 and closed half at +41. Leaving the rest for TP @ 1.4361 (slightly above the pivot level) if not I'll get SL at +1.

It's a crap week and be careful of the spikes. I don't have a clear direction for this pair at the moment but I kept a tight SL of -20 before this pair went my way.

Keep it tight guys
  • #227,920
  • May 21, 2010 1:50am May 21, 2010 1:50am
Good day to U'all... I see a price reversal soon.
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