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Cable Update (GBPUSD)

  • #235,201
  • Jul 1, 2010 2:32pm Jul 1, 2010 2:32pm
Quoting Purple
Guys do not sell, we have had a retracement, it can hit 153 now without any more retrace ..
You dont have to sell but I do I need the money honey i got lucky sold at the retest of the high & my stop loss is a mere 14 pips
  • #235,202
  • Jul 1, 2010 2:33pm Jul 1, 2010 2:33pm
Quoting Fudomyo
rofl

one more chart. depending on how the daily closes, 15400 could become an area of interest.

the gbplfx may go for a second touch of the W1 and with the DX positioned lower, it may put us close. right now it's relieved some of it's overbought condition, so could get a nice upward burst or drop from here. atm is right on the line.
hi bud!do u mean 15400 beaing an area of intrest for a buy target cos i could see a triangle formation on my daily chart.and it culd be a bullish breakout too
  • #235,203
  • Jul 1, 2010 2:39pm Jul 1, 2010 2:39pm
Quoting Allseeingeye
You dont have to sell but I do I need the money honey i got lucky sold at the retest of the high & my stop loss is a mere 14 pips
if this breaks up forget 153 try 155
  • #235,204
  • Jul 1, 2010 2:41pm Jul 1, 2010 2:41pm
Quoting Purple
Guys do not sell, we have had a retracement, it can hit 153 now without any more retrace ..
you helped save me my stop pips this thing could hit 155 its to strong, i have no idea why but when things are FIXED dont look for ryme or reason!
  • #235,205
  • Jul 1, 2010 3:01pm Jul 1, 2010 3:01pm
gbp-usd
pattern---
ab=cd------------>app162%

symmetry crown
Attached Image (click to enlarge)
Click to Enlarge Name: GBP- D1.gif Size: 78 KB
  • #235,206
  • Jul 1, 2010 3:08pm Jul 1, 2010 3:08pm
So what are you trying to say?



Quoting hamedizad
gbp-usd
pattern---
ab=cd------------>app162%

symmetry crown
  • #235,207
  • Jul 1, 2010 3:08pm Jul 1, 2010 3:08pm
Quoting Allseeingeye
you helped save me my stop pips this thing could hit 155 its to strong, i have no idea why but when things are FIXED dont look for ryme or reason!
Look back in the thread today, someone explained why it's going up. Something about proping the money up.
http://www.forexfactory.com/showpost...stcount=235189
  • #235,208
  • Jul 1, 2010 3:10pm Jul 1, 2010 3:10pm
Quoting mcmartins
So what are you trying to say?
I believe they are picking a target using fibonocci extensions of the waves.
  • #235,209
  • Jul 1, 2010 3:15pm Jul 1, 2010 3:15pm
Quoting nAVIN2007
u need to stop listening to people..this is an example of how this thread can destroy yur mind unless u know what yur doing..1.50 is an important area...price certainly would retest it..u would have had a chance to get out at least at breakeven...most likely piercing 1.50..to make people short...but i understand why u did it

this is zero sum..so people need to be caught

look at the weekly and look to see if a inverse head n shoulder can develop..as an example
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 26 KB
  • #235,210
  • Jul 1, 2010 3:16pm Jul 1, 2010 3:16pm
a break of 15198 , 15259 is next i might be wrong lets see what kind of PA we get in asia enjoy
  • #235,211
  • Jul 1, 2010 3:20pm Jul 1, 2010 3:20pm
Quoting kill56
a break of 15198 , 15259 is next i might be wrong lets see what kind of PA we get in asia enjoy
i got exactly the same @15198 .....thanx 4 the rest
All systems of divination, like music itself,work through patterns.
  • #235,212
  • Jul 1, 2010 3:25pm Jul 1, 2010 3:25pm
hi guys.i hve been trading using the basic trendlines and other tecnical indicator method but i intend to improve my trading skills which i seek for the link or a site where i can learn to calculate and plot fibonacci level s on charts.
  • #235,213
  • Jul 1, 2010 3:31pm Jul 1, 2010 3:31pm
Quoting mcmartins
So what are you trying to say?
akhavi sell mide to in nerkh 1.5240
  • #235,214
  • Jul 1, 2010 3:39pm Jul 1, 2010 3:39pm
Quoting genbali
hi guys.i hve been trading using the basic trendlines and other tecnical indicator method but i intend to improve my trading skills which i seek for the link or a site where i can learn to calculate and plot fibonacci level s on charts.
IF you are using Meta4 charting, there is a button in the top left hand corner, it auto calculates depending on where you draw the levels...

So, if you are picking by a specific time frame, on the movement from top to bottom and so on...

Not much need to try and calculate and plot if it is already done for you.

There are also other fib tools if you click on the insert tab and scroll down to Fibonacci...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #235,215
  • Jul 1, 2010 3:40pm Jul 1, 2010 3:40pm
Quoting genbali
hi guys.i hve been trading using the basic trendlines and other tecnical indicator method but i intend to improve my trading skills which i seek for the link or a site where i can learn to calculate and plot fibonacci level s on charts.
try this
http://www.forexfibonacci.com/
  • #235,216
  • Jul 1, 2010 3:52pm Jul 1, 2010 3:52pm
Took a short @ 5173, i just couldn`t help myself.... it has to retrace a little in ASIA, i`ll be monitoring it, i want my SL to be above R1 for tomorrow in case Asia decides to spike up then go down.

I am aware odds are we will end up higher tomorrow, at least that`s what the markets are preparing for, unless a bad number comes with the news. But with -106k expected...

If... by any chance, we start to sink, i`ll add much smaller positions down the way, but realistic expectations say we will go lower by 50-70 pips. Need to see how the pivots form to be sure.

Green pips.

EDIT: Typo.
  • #235,217
  • Jul 1, 2010 4:17pm Jul 1, 2010 4:17pm
Which broker should I go with so that I can get GBP index on my mt4.

I guess analyzing usdx and gbp separately makes it better.
  • #235,218
  • Jul 1, 2010 4:45pm Jul 1, 2010 4:45pm
same thought, cant not retract after such a rally during asia

will see, i also do have a tight stop short before continue the trend up

Quoting alexandru987
Took a short @ 5173, i just couldn`t help myself.... it has to retrace a little in ASIA, i`ll be monitoring it, i want my SL to be above R1 for tomorrow in case Asia decides to spike up then go down.

I am aware odds are we will end up higher tomorrow, at least that`s what the markets are preparing for, unless a bad number comes with the news. But with -106k expected...

If... by any chance, we start to sink, i`ll add much smaller positions down the way, but realistic expectations say we will go lower by 50-70 pips. Need to see how the pivots form...
  • #235,219
  • Jul 1, 2010 5:51pm Jul 1, 2010 5:51pm
Quoting newbie_fx
Which broker should I go with so that I can get GBP index on my mt4.

I guess analyzing usdx and gbp separately makes it better.
All LFX indexes are available via:
http://www.liteforex.org/demoaccount.php
You can download demo and see these indexes. I do not know how long the demo is good for...
  • #235,220
  • Jul 1, 2010 6:58pm Jul 1, 2010 6:58pm
Quoting Allseeingeye
you helped save me my stop pips this thing could hit 155 its to strong, i have no idea why but when things are FIXED dont look for ryme or reason!
I am looking to buy this again at about 38% retracement level or just before London open, whichever comes first.
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