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Cable Update (GBPUSD)

  • #241,621
  • Jul 29, 2010 1:16am Jul 29, 2010 1:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Another view point...can I scare you guys




Quoting TauTrader
Good day to you,

It makes me feel a lot better to see this post....

My TP is @ 133.15.

Seldom trade this animal. But RR does look pretty good if this one plays out.

Wish you green towards taking ownership of the 2 wheeler - with a side cart for Junior

Regards
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  • #241,622
  • Jul 29, 2010 1:28am Jul 29, 2010 1:28am
Quoting TauTrader
Good day to you,

It makes me feel a lot better to see this post....

My TP is @ 133.15.

Seldom trade this animal. But RR does look pretty good if this one plays out.

Wish you green towards taking ownership of the 2 wheeler - with a side cart for Junior

Regards
hi tau

good to see you might take a few days for us to get paid methinks, the last h4 close is showing buyers are still there.
Good luck!

p/s : that side cart for jr, sounds like a great idea!
Thank You
  • #241,623
  • Jul 29, 2010 1:33am Jul 29, 2010 1:33am
[quote=forexlion;3906858][b][size=7]Timberrrrrrrrrr.....



dude..can u minimise ur chart? too early to short dude?...
  • #241,624
  • Jul 29, 2010 1:38am Jul 29, 2010 1:38am
Quoting Allseeingeye
I will just throw in my 2 cents if it doesnt close above 1.5710 the bears are in Control so be careful if you buy break of the high. I might have looked stupid 2 days ago going short at 1.5535 & adding positions as we went higher but know I am setup Perfectly for the move down!
i'm with you here.
the move down is inevitable. Question is just when. But with the rising wedge I have on my chart reaching almost the pinnacle, I have sold @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails & things do not go as planned, I'll be able to reasses without having to worry too much of stop being to tight and having to make hasty decision.

good luck to us
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Thank You
  • #241,625
  • Jul 29, 2010 1:39am Jul 29, 2010 1:39am
Quoting egkid
I don't trade Gold but took a look on it "In my view NOT YET"
Possible much more down
Take care Bro Plz
http://www.forexfactory.com/showpost...&postcount=347
  • #241,626
  • Jul 29, 2010 1:51am Jul 29, 2010 1:51am
I like your posts and your pictures that you post but the other day you had it completely wrong about the lion that is not in india my friend look at this picture. That is showing the King realy who the King is surely Pepper will agree
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BE THE BEST YOU CAN BE AND BE IT TODAY
  • #241,627
  • Jul 29, 2010 1:54am Jul 29, 2010 1:54am
no reason to short what so ever..

unless trendline on lower time frame triggers a sell due to break of uptrend trendline..otherwise i wont short..

anyway good luck folks
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  • #241,628
  • Jul 29, 2010 1:58am Jul 29, 2010 1:58am
Quoting ams
Another view point...can I scare you guys
welldone nice chart..
  • #241,629
  • Jul 29, 2010 2:00am Jul 29, 2010 2:00am
Quoting wormboy
i'm with you here.
the move down is inevitable. Question is just when. But with the rising wedge I have on my chart reaching almost the pinnacle, I have sold @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails & things do not go as planned, I'll be able to reasses without having to worry too much of stop being to tight and having to make hasty decision.

good luck to us
A chart helps those who can read it.
  • #241,630
  • Jul 29, 2010 2:13am Jul 29, 2010 2:13am
Interesting too see that the Nationwide 'bad report' had little to no effect on the 'cable', back up to 1.5654 in no time at all.

Will be banging on the 1.5700 maybe sometime today
  • #241,631
  • Jul 29, 2010 2:15am Jul 29, 2010 2:15am
short @ 1.5650
SL @ 15710

We've just had the 8am Pump now time for the 20 past dump
  • #241,632
  • Edited 7:06am Jul 29, 2010 2:17am | Edited 7:06am
Quoting wormboy
i'm with you here.
the move down is inevitable. Question is just when. But with the rising wedge I have on my chart reaching almost the pinnacle, I have sold @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails & things do not go as planned, I'll be able to reasses without having to worry too much of stop being to tight and having to make hasty decision.

good luck to us
welp, there's that spike. Let's see if the level holds.
If it doesn't, I'll be ready to bail & buy from here, as ridiculous as it may sound

good luck.
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Thank You
  • #241,633
  • Jul 29, 2010 2:21am Jul 29, 2010 2:21am
Quoting Dayboy001
short @ 1.5650
SL @ 15710

We've just had the 8am Pump now time for the 20 past dump
sweet entry! nice stop size too
Thank You
  • #241,634
  • Jul 29, 2010 2:28am Jul 29, 2010 2:28am
i had to smoke out earlier with -27 on the short

this bugger has gone totally insane

http://img705.imageshack.us/img705/4683/21170361.gif
  • #241,635
  • Jul 29, 2010 2:33am Jul 29, 2010 2:33am
Quoting forexlion
i had to smoke out earlier with -27 on the short

this bugger has gone totally insane

http://img705.imageshack.us/img705/4683/21170361.gif
I was short there too, got stopped out but I am short again from15650 lets see
  • #241,636
  • Jul 29, 2010 2:38am Jul 29, 2010 2:38am
Quoting forexlion
i had to smoke out earlier with -27 on the short

this bugger has gone totally insane

http://img705.imageshack.us/img705/4683/21170361.gif
if u see the line near 5800 ...........
  • #241,637
  • Jul 29, 2010 2:39am Jul 29, 2010 2:39am
Quoting wormboy
welp, there's that spike. Let's see if the level holds.
If it doesn't, I'll be ready to bail & buy from here, as ridiculous as it may sound

good luck.

just make sure bro! that u consider a dip as a buy opportunity..sell to a target based on the weekly trendline..cause make no mistake if this mofo can mantain these levels and euro can remain above 1.3

its all about the dips and usd is on the verge of being collapsed..absolutely nothing will be able to stop it from falling..but this is cuckooo land talk but hey ..f**k it!! ..im long
  • #241,638
  • Jul 29, 2010 2:44am Jul 29, 2010 2:44am
Daily and weekly... reversal??
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Verily, in every difficulties there is relief
  • #241,639
  • Jul 29, 2010 2:46am Jul 29, 2010 2:46am
Jul 27, 2010 17:38 (44 hr ago)

Quoting mouse09
why do you all think that it willn't go to 1,5650 ?

Could smbd explain me, please?
Jul 29, 08.10 GMT; high = 1.5652

  • #241,640
  • Jul 29, 2010 2:50am Jul 29, 2010 2:50am
Quoting nAVIN2007
just make sure bro! that u consider a dip as a buy opportunity..sell to a target based on the weekly trendline..cause make no mistake if this mofo can mantain these levels and euro can remain above 1.3

its all about the dips and usd is on the verge of being collapsed..absolutely nothing will be able to stop it from falling..but this is cuckooo land talk but hey ..f**k it!! ..im long
the last dip was @5553 nav, which I bought. There had been none since. Yesterday was all range. Nothing to buy unless you mean scalping. I do plenty of that lately
But this position I'm taking is not scalping & I've had good results with these wedges. Hopefully I'll get another. That 5380 supp/res is boss. So that's what I'm after.
DX is still at the 50% W1 fib bro. And historically dx had never gone 8 weeks bearish without pulling back. Could be the first, but I doubt it.

Good luck with your trade bro
Thank You
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