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Cable Update (GBPUSD)

  • #248,041
  • Aug 24, 2010 1:24am Aug 24, 2010 1:24am
Quoting Piotr1
Trend is my friend.
It was and it will be tomorrow again. in the meantime let us get a retrace. cable has already travelled 110+ pips.
  • #248,042
  • Aug 24, 2010 1:27am Aug 24, 2010 1:27am
need to go abv 5430 for strenghth
  • #248,043
  • Aug 24, 2010 1:37am Aug 24, 2010 1:37am
i'm [email protected] SL set @ 1.5397 (-25) pips....yes trend is your friend...
  • #248,044
  • Aug 24, 2010 1:40am Aug 24, 2010 1:40am
Quoting Mr.Elliott
i'm [email protected] SL set @ 1.5397 (-25) pips....yes trend is your friend...
sorry bud
  • #248,045
  • Aug 24, 2010 1:42am Aug 24, 2010 1:42am
Quoting cvarnado
sorry bud
no problem....maybe next time...
  • #248,046
  • Aug 24, 2010 1:45am Aug 24, 2010 1:45am
close at 1.5392.
  • #248,047
  • Aug 24, 2010 1:47am Aug 24, 2010 1:47am
Quoting fxoxford
so far 1.5585 is our break for a uptrend and 1.5445 is our break for a downtrend, get in when there's a clear trend and stop guessing , good luck to all
this one will not be a big downtrend i have my t/p at the moment at 1.5305, look for the reversal around this area if price action don't change, if price action change then i will be looking to get out early and mabe taking a long, good luck to all
  • #248,048
  • Aug 24, 2010 1:47am Aug 24, 2010 1:47am
Quoting Mr.Elliott
i'm [email protected] SL set @ 1.5397 (-25) pips....yes trend is your friend...
SL hit...got fooled by the PA....EU have gave me signal that i would go up...but unfortunately it's a false signal....might got it once in a while....waiting for another signal...
  • #248,049
  • Aug 24, 2010 1:52am Aug 24, 2010 1:52am
Quoting Mr.Elliott
SL hit...got fooled by the PA....EU have gave me signal that i would go up...but unfortunately it's a false signal....might got it once in a while....waiting for another signal...
Why would you trade a signal from EURUSD?
  • #248,050
  • Aug 24, 2010 1:56am Aug 24, 2010 1:56am
Quoting c2v4l
Why would you trade a signal from EURUSD?
what i could see... these 2 (GBPUSD & EURUSD) coincides most of the times....maybe because i use smaller TF, most probably don't see a lot of different....
why anything that i missed??
it is not that i trade GU based on signal from EU....just now my EU chart have gave me signal that it would be bullish and i thought GU would kinnda do the same....
  • #248,051
  • Aug 24, 2010 1:56am Aug 24, 2010 1:56am
adding another long at 5395
  • #248,052
  • Aug 24, 2010 1:59am Aug 24, 2010 1:59am
Quoting Mr.Elliott
SL hit...got fooled by the PA....EU have gave me signal that i would go up...but unfortunately it's a false signal....might got it once in a while....waiting for another signal...
just curious, what signal did you see? watching EU, but I didn't see anything that suggested going long yet.

took some off the table 15390, getting close to London Open. was hoping for S1 15380 touch before then so a bit of an early exit.
  • #248,053
  • Aug 24, 2010 2:00am Aug 24, 2010 2:00am
Quoting fxoxford
this one will not be a big downtrend i have my t/p at the moment at 1.5305, look for the reversal around this area if price action don't change, if price action change then i will be looking to get out early and mabe taking a long, good luck to all
i agreed...since now we now are almost at the end of the bear rally....most probably the bull will take over for some time....but still...on lower TF doesn't show any bulls are coming in...but if there is...i might switch my view to bullish and start adding longs...
  • #248,054
  • Aug 24, 2010 2:02am Aug 24, 2010 2:02am
Quoting fxoxford
this one will not be a big downtrend i have my t/p at the moment at 1.5305, look for the reversal around this area if price action don't change, if price action change then i will be looking to get out early and mabe taking a long, good luck to all
price action has change so i will be looking to get out around 1.5375 or mabe a little lower but will not be looking to go long yet, because if long comes into play where looking at 1.5700 as our first target.
  • #248,055
  • Aug 24, 2010 2:02am Aug 24, 2010 2:02am
Quoting pips stunner
Keep losing going short. while i keep winning going long from now till???? next 2 weeks!
Quoting pips stunner
keep losing while i keep posting my 200% statement increase in 2 months here. there is nothing like the holy grail, i am the holy grail and i lose pips too. but i told you all i am going long for the next 2 weeks.
still long? lol
Attached Image
Thank You
  • #248,056
  • Aug 24, 2010 2:03am Aug 24, 2010 2:03am
Cable drop continues after monday's pullback to 5617, currently finding some demand around 5385..below here mni say bids likely to 5350.

a 4 fib cluster exists on the daily t/f 5366-5322:
5366 = 38.2% 4345-5997
5346 = 61.8% 4944-5997
5329 = 76.4% 4870-5997
5322 = 38.2% 4229-5997

G/L
ex member
  • #248,057
  • Aug 24, 2010 2:04am Aug 24, 2010 2:04am
Quoting fxoxford
price action has change so i will be looking to get out around 1.5375 or mabe a little lower but will not be looking to go long yet, because if long comes into play where looking at 1.5700 as our first target.
.5370
  • #248,058
  • Aug 24, 2010 2:04am Aug 24, 2010 2:04am
Quoting Fudomyo
just curious, what signal did you see? watching EU, but I didn't see anything that suggested going long yet.

took some off the table 15390, getting close to London Open. was hoping for S1 15380 touch before then.
my MA & RSI just flip in EU (up)....but unfortunately it flips back....to the downside....that what i'm saying...got fooled by the PA just now....it's a bad trade i guess...
even the PA is worrying me...i think...it would not be long that the trend might change from bearish to bullish...IMHO...but still until now...there's no such thing yet....
  • #248,059
  • Aug 24, 2010 2:07am Aug 24, 2010 2:07am
there's no need to jump into longs at the moment let shorts run it's course then let the uptrend develope then jump in to a strong ride back up 1.5700 area, right now where looking at 1.5350 area before shorts run it's course, but wait till the long trend starts and wait for confirmation then go with the trend, good luck to all
  • #248,060
  • Aug 24, 2010 2:07am Aug 24, 2010 2:07am
Quoting c2v4l
Why would you trade a signal from EURUSD?
If I may… Eur was in a low range 25 pips for 5.5 hours. Brake out from it can be a good trend . You place your stop loss behind opposite s/r line and your trade will be very safe. Correlation between Eurusd and gbpusd can be 70% so Eur may push pound in the same direction
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