Cable Update (GBPUSD)

Quoting kill56

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i will sell the rallies till we break the tl

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Quoting wormboy

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There is potential reversal on the H1 once the divergence kicks in & once price clears 4490 level to start building long positions again. Interesting enough yesterday's dip wasn't enough to take out the w1 fib level & an ascending ltl from 20th May low.
I will not be looking to short from this level, unless the two mentioned confluence levels are taken out. There is a good chance of getting whipsawed out of positions trying to short from here imho.

Let's see how it goes.
Good luck!

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Quoting Nene

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Oh Tamkras where are you darling. Here is an Inside Bottom trade on the Monthly that even you would love. Target 1.6380 on this bad boy. Wormboy, you remember Tamara, don't you?

Jim

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Quoting malcolmb14

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Jim do not get it

not inside bar and not even above last months close high and only June 8th. NO long play there yet

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Quoting Nene

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There was a woman who traded in here 3 years ago and her name was Tamara, but her screen name was Tamkras. You can check some of her archives. But she traded what were called Inside Tops and Inside bottoms. She was so good at this game someone hired her to manage some kind of trading company. You can still google it and find her. She was really good though. Actually its a little early to call this one because it has to fire up the next candle to be sure. But it looks like its setting up perfectly.

Jim

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Quoting Nene

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If the month closed right now the next candle would have to break 1.4768 to be a valid Inside Bottom. Not talking about Inside bar.

Jim

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Quoting Nene

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There was a woman who traded in here 3 years ago and her name was Tamara, but her screen name was Tamkras. You can check some of her archives. But she traded what were called Inside Tops and Inside bottoms. She was so good at this game someone hired her to manage some kind of trading company. You can still google it and find her. She was really good though. Actually its a little early to call this one because it has to fire up the next candle to be sure. But it looks like its setting up perfectly.

Jim

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Quoting Nene

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If the month closed right now the next candle would have to break 1.4768 to be a valid Inside Bottom. Not talking about Inside bar.

Jim

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Quoting malcolmb14

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something new for you

I took all the down moves of the last 3 years ... plotted them on weekly chart and then copied them off the top of this move to find mostliekly target and timing based on history

as you can see one move ended about where we are now but on a shallower slope indicating this move has more left.

two of the moves would take us down to 1.3000. That is most likely target

one of the moves takes us to 1.1150 ., maybe if we get new low in the market

My long term target for gu is 1.3000 , timing about October / Nov of this...

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Quoting Nene

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Got ya

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Quoting Nene

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Here is a good one to look at.

http://www.forexfactory.com/showpost...postcount=4657
Jim

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Quoting malcolmb14

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my fav setting is a 10 min these days .... do not ask me why but I love it , it gives you enough time to see the overall picture but not to much time that price runs away from you

any way here are awesome examples of inside and engulfing ...just selling or buying above / high / low of candle about 200 pip in us session

Attachment

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Quoting Haymaker

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Long at 1.4355 aim 1.4436. Done ! Short term still bearish. Waiting to go short.

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Quoting malcolmb14

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this post is about as useless as giving me a parachute when the plane blows up in mid air

who gives a damn when you went long and what tp you took ... call it before the fact we might be impressed ...

In that case I went long euro waaaaayyyyy back close 1.5 done

sold 1,5000 all way to now ... done ....

made my few mill and now live on my private island

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Quoting malcolmb14

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this post is about as useless as giving me a parachute when the plane blows up in mid air

who gives a damn when you went long and what tp you took ... call it before the fact we might be impressed ...

In that case I went long euro waaaaayyyyy back close 1.5 done

sold 1,5000 all way to now ... done ....

made my few mill and now live on my private island

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Quoting Ctic

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I went long 1.86 way back when....

I still have that trade and added more @ 1.7, 1.6, 1.5, and 1.45...

It will come back.... I just know it..

By the way.. can I get a loan so that I won't blow out the acct?

Thanks Mal..

C.

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