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Cable Update (GBPUSD)

  • #246,501
  • Aug 18, 2010 5:11am Aug 18, 2010 5:11am
Quoting fxoxford
wait till my take profit on 160.00 on gbpusd and 140.00 on gbpjpy are hit. then you can laugh.
  • #246,502
  • Aug 18, 2010 5:11am Aug 18, 2010 5:11am
Quoting pawpaw1000
I might join you shortly but am not convinced, need confirmation!
take ur time, m not in a hurry miss ......... j/k
  • #246,503
  • Aug 18, 2010 5:12am Aug 18, 2010 5:12am
Quoting pips stunner
Hahaaa you are done dead. better go long umbre
,
  • #246,504
  • Aug 18, 2010 5:12am Aug 18, 2010 5:12am
I'm sitting on my hands until we hit that next fibo level and I'll be waiting for a stall or a volume spike before I think about shorting.

http://www.shawntom.com/charts/100818_gbpusd_h1.gif
  • #246,505
  • Aug 18, 2010 5:12am Aug 18, 2010 5:12am
Quoting pips stunner
wait till my take profit on 160.00 on gbpusd and 140.00 on gbpjpy are hit. then you can laugh.
Fortunately I don't need that many pips each day to make a profit.......and as I have already made mine for the day, I'm just here too learn. But not I think from people like you. Who don't post any reason for your statements
  • #246,506
  • Aug 18, 2010 5:13am Aug 18, 2010 5:13am
Quoting pips stunner
wait till my take profit on 160.00 on gbpusd and 140.00 on gbpjpy are hit. then you can laugh.
why not laugh now
  • #246,507
  • Aug 18, 2010 5:13am Aug 18, 2010 5:13am
Quoting pips stunner
Hahaaa you are done dead. better go long umbre
Bad idea. Hang on to your short and pips stunner you go long and let's count the red pips and green pips in the next 5 hours.

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,508
  • Aug 18, 2010 5:15am Aug 18, 2010 5:15am
This current sentiment now is that GBPUSD has now formed a 200-pips box (flag) between 1.57807 and 1.55081. A break out of either side will determine the next direction. Until this happens any prediction is mere speculation.

To play the range, follow H4. The most effective method is to follow the first reversal H4 candle using M15 as entry around 30. The red horizontal line on RSI gives early indication of when to take profit or lock your profit. Now the trend is up, reversal on M15 around 70 is a signal to either take or lock your profit by either using trailing stop or shifting your stop loss.

Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1282125241
  • #246,509
  • Aug 18, 2010 5:15am Aug 18, 2010 5:15am
Quoting Precap2
It will look good though you might have entered a lil too early. I was looking at entering around 5700 but it looks like we might not get there.

Precap2
keep hope alive
  • #246,510
  • Aug 18, 2010 5:15am Aug 18, 2010 5:15am
Sl set att BE
TP at DP 1.560045
  • #246,511
  • Aug 18, 2010 5:15am Aug 18, 2010 5:15am
Quoting mouse09
the same but at 5663

by the way, it's tooo risky for sell riht here.
we can see 5685 at first..
Not risky at all

this is something me n Magix worked out together

the pink lines on my chart is 200 EMA on different time frames.

becomes easier to read
  • #246,512
  • Aug 18, 2010 5:16am Aug 18, 2010 5:16am
Hi Chow Clown

Thanks for the reply - and a great trade! Have been following this thread for some time and it really has focused my trading strategy upon the good old S & R, TLs and PA side of things.

Some really great posts here.
  • #246,513
  • Aug 18, 2010 5:18am Aug 18, 2010 5:18am
Make of it what you will but the 1hr and 4hr have got a regular bullish divergence pattern in their oscillators at the lows and this 4hr candle closed as a bullish thrust. 4hr shown below...

G/L

http://www.easy-upload.net/fichiers/z.201081812189.gif
ex member
  • #246,514
  • Aug 18, 2010 5:22am Aug 18, 2010 5:22am
Quoting fxoxford
keep hope alive
That's the spirit. . . . I always keep hope alive with clean SL in case it turns to hopelessness

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,515
  • Aug 18, 2010 5:23am Aug 18, 2010 5:23am
Quoting forexlion
Not risky at all

this is something me n Magix worked out together

the pink lines on my chart is 200 EMA on different time frames.

becomes easier to read
we went from H4 200 ema to H1 200 ema on a rocket and lost steam

parachute takes time to land

http://img816.imageshack.us/img816/8799/99666478.gif
  • #246,516
  • Aug 18, 2010 5:24am Aug 18, 2010 5:24am
Quoting forexlion
Not risky at all

this is something me n Magix worked out together

the pink lines on my chart is 200 EMA on different time frames.

becomes easier to read
yes, I see
price couldn't go above 5970
so now i stil have this sell order
the aim 5623
  • #246,517
  • Aug 18, 2010 5:25am Aug 18, 2010 5:25am
Quoting forexlion
we went from H4 200 ema to H1 200 ema on a rocket and lost steam

parachute takes time to land

http://img816.imageshack.us/img816/8799/99666478.gif
on the short the 1st tp is naturally M30

if it goes below its a bonus
  • #246,518
  • Aug 18, 2010 5:26am Aug 18, 2010 5:26am
Quoting Delite
Hi Chow Clown

Thanks for the reply - and a great trade! Have been following this thread for some time and it really has focused my trading strategy upon the good old S & R, TLs and PA side of things.

Some really great posts here.
Good for you, you won't go far wrong with that - lots of different ideas/views here though making sense to those that post them. Flat now on the long, time for a brew before lunch.
  • #246,519
  • Aug 18, 2010 5:28am Aug 18, 2010 5:28am
Quoting bbmac
Make of it what you will but the 1hr and 4hr have got a regular bullish divergence pattern in their oscillators at the lows and this 4hr candle closed as a bullish thrust. 4hr shown below...
My H4 candle has 2 hours before close.
  • #246,520
  • Aug 18, 2010 5:32am Aug 18, 2010 5:32am
Quoting RealPips
My H4 candle has 2 hours before close.
keep ur candle hidden
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