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Cable Update (GBPUSD)

  • #230,161
  • Jun 6, 2010 5:23pm Jun 6, 2010 5:23pm
Quoting Baby-Trader
hope that order be filled
it will bro its a matter of time and all the luck
  • #230,162
  • Jun 6, 2010 5:25pm Jun 6, 2010 5:25pm
in h1 and H4 are range is still limited till 4370 but in daily ltl is on 3980 please check my chart and correct me if i am wrong until pound won't close above 4480 in daily it can't go up and most possible chances for today is 4520 limited and if we decline from there so next level will be 4380 and if it broke so pound can break 4280 easily please correct me

thanks

Ub
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  • #230,163
  • Jun 6, 2010 5:50pm Jun 6, 2010 5:50pm
will we are hovering around L3 we might visit H3 if we dont fill the gap L4 will be our next target

now 0n m1 we have the ema200 on 14446 in the way first R/ also ema 50 on m5 mostly we are bearish lets see what the b;;;;;;;;;sh will do
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  • #230,164
  • Jun 6, 2010 7:18pm Jun 6, 2010 7:18pm
This is a possible senario!

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  • #230,165
  • Jun 6, 2010 7:27pm Jun 6, 2010 7:27pm
lion did u delete u post why
  • #230,166
  • Jun 6, 2010 8:03pm Jun 6, 2010 8:03pm
This Pair has been kind so far for me so early in the week. I have a feeling it is going to drop and when it does it will so quickly but I'm in my 3'rd trade so far and it is working out nicely.Buy around 1.44, Sell around 1.4435--1.4440. Keeping the stop loss very tight.
  • #230,167
  • Jun 6, 2010 8:07pm Jun 6, 2010 8:07pm
If things happen in threes I might be pushing my luck to go Long again at the 1.44--1.441 level---maybe I will go Short the next time it gets down there.
  • #230,168
  • Jun 6, 2010 8:37pm Jun 6, 2010 8:37pm
Or better yet, I think I will wait for it to fill the Gap then go Short and sit on it for a day or two. Everything is relative.I have no faith in the U.S. economy but yet the USD keeps going up.....I realize the Euro Zone is going down ( this should have been obvios years ago ) but I am getting scared being Long on the USD.What should I do?Buy the Yen???
  • #230,169
  • Jun 6, 2010 8:43pm Jun 6, 2010 8:43pm
Quoting Hound
This Pair has been kind so far for me so early in the week. I have a feeling it is going to drop and when it does it will so quickly but I'm in my 3'rd trade so far and it is working out nicely.Buy around 1.44, Sell around 1.4435--1.4440. Keeping the stop loss very tight.
err not sure howl ong you been trading but 4 hour trend is down

you take only the sells you have mush less risk .. but if it working for you then all good

I have been hammering all rallies on aj for 40 pip plus a time playing only with the trend on 30 min , as shown by a hulls moving average

if you look at how gu plays it goes into these box consolidations in a sideways movement then the trend continues...

I am expecting a move towards 1.4250 by end us session

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  • #230,170
  • Jun 6, 2010 8:53pm Jun 6, 2010 8:53pm
Quoting malcolmb14
err not sure howl ong you been trading but 4 hour trend is down

you take only the sells you have mush less risk .. but if it working for you then all good

I have been hammering all rallies on aj for 40 pip plus a time playing only with the trend on 30 min , as shown by a hulls moving average

if you look at how gu plays it goes into these box consolidations in a sideways movement then the trend continues...

I am expecting a move towards 1.4250 by end us session

Attachment
that's strange indicator sir, why your moving average move faster than the price it self...,
I will be the number one Manager.
  • #230,171
  • Jun 6, 2010 9:02pm Jun 6, 2010 9:02pm
Quoting malcolmb14
err not sure howl ong you been trading but 4 hour trend is down
</p>Like every Sunday afternoon I start the week off by looking for a couple of Pairs to fill the gap. Today the GPD/USD looked good. It has not filled the gap but in the first 4 hours of the week it is in a nice trading range that I profited from. This range will not last for long. Traded my first stock in the early 80's. Traded Mini-Dow futures for 2 years. Now I am in my 3'rd year of Forex. I think I am doing OK so far, slow and steady gets the prize in my book even though my friends think that I am not doing well because I aint a Millionaire by now. I will be patient and take what the market gives me.My biggest problem that I cant seem to overcome ( never a problem with stocks ) but after over 2 years in Forex I still dont have the disipline to let my winners run. I take the quick 10-20 Pip profit only to find that I got out way too early.
  • #230,172
  • Jun 6, 2010 9:27pm Jun 6, 2010 9:27pm
only mt4 platforms have gaps as they open later than the rest of the market

professional / bank / hedge fund platforms have no gaps

here is chart of gu with gtis 200 source feed , as you see price opened where it closed Friday then dropped. This is the same feeds that professionals use.

14404 was a strong support about 3 weeks back ....

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Quoting Hound
</p>Like every Sunday afternoon I start the week off by looking for a couple of Pairs to fill the gap. Today the GPD/USD looked good. It has not filled the gap but in the first 4 hours of the week it is in a nice trading range that I profited from. This range will not last for long. Traded my first stock in the early 80's. Traded Mini-Dow futures for 2 years. Now I am in my 3'rd year of Forex. I think I am doing OK so far, slow and steady gets the prize in my book even though my friends think that I am not doing well because I aint a Millionaire...
Blogging daily now at www.volume.zone
  • #230,173
  • Jun 6, 2010 9:31pm Jun 6, 2010 9:31pm
is the gap considered to be filled?

If not at what point would it be filled?
  • #230,174
  • Jun 6, 2010 9:38pm Jun 6, 2010 9:38pm
Quoting malcolmb14
only mt4 platforms have gaps as they open later than the rest of the market
</p>I dont use mt4 and I have Gaps. Anyway, it works for me.You say tomatoe, I say tamato.
  • #230,175
  • Jun 6, 2010 9:39pm Jun 6, 2010 9:39pm
Quoting alex1976
is the gap considered to be filled?

If not at what point would it be filled?
As far ar the GBP/USD goes the gap will be filled at 1.4472 in my opinion.
  • #230,176
  • Jun 6, 2010 9:45pm Jun 6, 2010 9:45pm
Quoting alex1976
is the gap considered to be filled?

If not at what point would it be filled?
will it might take a week month but i think if we break the 14450 it will be filled befor london
  • #230,177
  • Jun 6, 2010 9:50pm Jun 6, 2010 9:50pm
Quoting kill56
will it might take a week month but i think if we break the 14450 it will be filled befor london

does it have to go upto the last daily close to be filled?
  • #230,178
  • Jun 6, 2010 9:54pm Jun 6, 2010 9:54pm
Quoting alex1976
does it have to go upto the last daily close to be filled?
As far as I am concerned if it does not fill it by the U.S. open it does not qualify. If I am going to trade the Gap I want it to be filled quickly.
  • #230,179
  • Jun 6, 2010 9:59pm Jun 6, 2010 9:59pm
I'm still looking to 4520 to 4545 before any serious downside.
The market is always right.
  • #230,180
  • Jun 6, 2010 11:28pm Jun 6, 2010 11:28pm
Quoting Artie
I'm still looking to 4520 to 4545 before any serious downside.
1.4534 WP
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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