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Cable Update (GBPUSD)

  • #235,981
  • Jul 6, 2010 11:37pm Jul 6, 2010 11:37pm
I think Euro is a better short than Pound right now, coz its much more over-bought and tending not respect RSI rule on lower time frames in recent days.
  • #235,982
  • Jul 6, 2010 11:40pm Jul 6, 2010 11:40pm
Quoting Purple
I think Euro is a better short than Pound right now, coz its much more over-bought and tending not respect RSI rule on lower time frames in recent days.

I totally agree with EU short...My t1 target hits SL @ BE...
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  • #235,983
  • Jul 6, 2010 11:57pm Jul 6, 2010 11:57pm
Lol

Quoting wormboy
sooooo .....

where's the "big boy" that kept flashing that p/l? Gone quiet now have you? Chump.


btw GO ORANJE!!! Congratulations Holland!! cloggs, beers on you mate
  • #235,984
  • Jul 7, 2010 12:36am Jul 7, 2010 12:36am
Quoting USD-Bear
SL @ BE

stopped....
Don't be a hero. Don't have an ego. Always question yourself
  • #235,985
  • Jul 7, 2010 12:41am Jul 7, 2010 12:41am
Quoting makefx
I totally agree with EU short...My t1 target hits SL @ BE...
I totally agree with shorting the EU too. Big time Divergence on H1 and H4. Staying away from cable today. Sterling is weak and should go down too along with EU. I am short from 1.2603 TP 1.2500 100 pips

Will short GU if it hit DP at 1.5152 for a TP of 1.5041
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  • #235,986
  • Jul 7, 2010 12:50am Jul 7, 2010 12:50am
Quoting Honored
I totally agree with shorting the EU too. Big time Divergence on H1 and H4. Staying away from cable today. Sterling is weak and should go down too along with EU.
I also long usdchf which pretty much inverse of EU
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  • #235,987
  • Jul 7, 2010 1:14am Jul 7, 2010 1:14am
if 4h gu close below white line.i will short and targetting 1.49.i hope second attempt will go through.
please comment
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Gold Expedition Return This Year: -16.4%
  • #235,988
  • Jul 7, 2010 1:24am Jul 7, 2010 1:24am
My H4 shows a Doji(Last Week High) and a Bearish Engulfing(this week high, confirms the top).

Im looking at a double top pattern.

Im short @ 1.5132

TP @ 1.5035, 1.4938

Stop @ 1.5230
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  • #235,989
  • Jul 7, 2010 1:28am Jul 7, 2010 1:28am
The Market is Dead
  • #235,990
  • Jul 7, 2010 1:30am Jul 7, 2010 1:30am
Hi guys,

We have a very nice set-up very similar to the one of last week....so let's play it in the same way: retracement to kumo or lTL @1.51535...

Then a new rebound to uTL @1.52215.....money is there....but as always watch out your MM.....cause I could be wrong....

Anyway I'm already in ....and well loaded....

GL to all
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Non licet omnibus adire Corinthum
  • #235,991
  • Jul 7, 2010 1:35am Jul 7, 2010 1:35am
Quoting javajames
Hi guys,

We have a very nice set-up very similar to the one of last week....so let's play it in the same way: retracement to kumo or lTL @1.51535...

Then a new rebound to uTL @1.52215.....money is there....but as always watch out your MM.....cause I could be wrong....

Anyway I'm already in ....and well loaded....

GL to all
r u long or short ? i am assuming long... so we wud go again tonite to 1.5221 for a triple top ?
Looks very risky to me , Risk aversion is back today, Eu and GU are ultra weak. GL with your trades.
  • #235,992
  • Jul 7, 2010 1:42am Jul 7, 2010 1:42am
Quoting Honored
r u long or short ? i am assuming long... so we wud go again tonite to 1.5221 for a triple top ?
Looks very risky to me , Risk aversion is back today, Eu and GU are ultra weak. GL with your trades.
worth to keep an eye at the reaction once price tests the W1 pvp which is also 11 pips apart from the daily primary support level. Cable had been rejected twice at this level before, a third rejection will likely send it skywards. But a full breakout will make the current double top valid & likely send this pair tumbling.
Good luck.
Attached Image (click to enlarge)
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Thank You
  • #235,993
  • Jul 7, 2010 1:43am Jul 7, 2010 1:43am
Quoting Honored
r u long or short ? i am assuming long... so we wud go again tonite to 1.5221 for a triple top ?
Looks very risky to me , Risk aversion is back today, Eu and GU are ultra weak. GL with your trades.

short until double bottom
  • #235,994
  • Jul 7, 2010 1:46am Jul 7, 2010 1:46am
Quoting clientfx
short until double bottom
lol sounds good. and thanks wormie, you are really an advanced trader. You think outside the box I hope to get there some day
  • #235,995
  • Jul 7, 2010 2:00am Jul 7, 2010 2:00am
Quoting Honored
lol sounds good. and thanks wormie..

you're welcome mate
Thank You
  • #235,996
  • Jul 7, 2010 2:08am Jul 7, 2010 2:08am
Quoting makefx
I totally agree with EU short...My t1 target hits SL @ BE...
Shorting on Eur/Gbp would yield the best return if Euro falls faster than Pound..
  • #235,997
  • Jul 7, 2010 2:16am Jul 7, 2010 2:16am
Quoting wormboy
worth to keep an eye at the reaction once price tests the W1 pvp which is also 11 pips apart from the daily primary support level. Cable had been rejected twice at this level before, a third rejection will likely send it skywards. But a full breakout will make the current double top valid & likely send this pair tumbling.
Good luck.
here we go. first test.
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Thank You
  • #235,998
  • Jul 7, 2010 2:18am Jul 7, 2010 2:18am
Quoting Honored
r u long or short ? i am assuming long... so we wud go again tonite to 1.5221 for a triple top ?
Looks very risky to me , Risk aversion is back today, Eu and GU are ultra weak. GL with your trades.
Please READ MY POST and LOOK at my chart......and I'm sure you can even understand
Non licet omnibus adire Corinthum
  • #235,999
  • Jul 7, 2010 2:20am Jul 7, 2010 2:20am
Im thinking its going to rebound on its pivot point : which is 1.5080?
  • #236,000
  • Jul 7, 2010 2:26am Jul 7, 2010 2:26am
Quoting javajames
Please READ MY POST and LOOK at my chart......and I'm sure you can even understand
You still haven't answered what I asked. R u long or short ? I cant remember last week's set up, so if you post your entry numbers and TP that would help all of us.
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