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Cable Update (GBPUSD)

  • #251,761
  • Sep 9, 2010 2:08am Sep 9, 2010 2:08am
Quoting HiCS
"Went for an EARLY SHORT at 5525; expecting DIX strength as it found support"


turned out exactly like i predicted yesterday :nerd:

all that little spike through 5485-5530 was to activate long orders in that region and also take out stop losses of people who went short in the middle of the road... thats fx psychology better poker

PS vouch for me as i need to start a proper thread

Exactly like yesterday

for reason going short see previous thread as well

or simply:

1. DIX found support
2. No great news to drive up £
3. Obama and beige book to boost dollar
4. £/yen reached resistance on 4hr chart
5. my bacon told me to go short
6. Cloggie called me amateur (i bet he feels like one today)
  • #251,762
  • Sep 9, 2010 2:09am Sep 9, 2010 2:09am
Good Morning All,

break of the 50% fib of yesterdays upmove, will it continue further south?

Good luck for trading and many greenies for all...
Attached Image (click to enlarge)
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  • #251,763
  • Sep 9, 2010 2:12am Sep 9, 2010 2:12am
Quoting PoundTrader
what you see in the market is just another up and down week, if you can understand this then you will make a lot of pips, the market only trends 5% of the time the other 95% this is what you get, just like last week, so going long or short depends on your entry and t/p.
understanding what the market is doing, ranging, trending or sideways, once a trader figures this out they will make a lot of pips.
  • #251,764
  • Sep 9, 2010 2:15am Sep 9, 2010 2:15am
mmm... this could be the fake... Struggling badly at 5400... watching carefully and s/l at be +80...
@pawpaw1000 on Twitter
  • #251,765
  • Sep 9, 2010 2:16am Sep 9, 2010 2:16am
1hr screenshot below...hidden div building in 1hr oscillators...

G/L

http://www.easy-upload.net/fichiers/z.2010999169.gif
ex member
  • #251,766
  • Sep 9, 2010 2:17am Sep 9, 2010 2:17am
Quoting pawpaw1000
mmm... this could be the fake... Struggling badly at 5400... watching carefully and s/l at be +80...
where did u go short again? congrats im all out with 110 pips... but i feel the next descent support 5374
  • #251,767
  • Sep 9, 2010 2:19am Sep 9, 2010 2:19am
Quoting HiCS
where did u go short again? congrats im all out with 110 pips... but i feel the next descent support 5374
Still short from 5512...

Was talking about my fibre shorts that got stopped at BE...

up 100 now with s/l at +80...

think if we break here I could get a 200 pipper...

THAT WOULD BE GREAT
@pawpaw1000 on Twitter
  • #251,768
  • Sep 9, 2010 2:26am Sep 9, 2010 2:26am
Quoting HiCS
Exactly like yesterday
for reason going short see previous thread as well
or simply:


5. my bacon told me to go short

I like that idea, do you often get words of wisdom from your bacon
  • #251,769
  • Sep 9, 2010 2:29am Sep 9, 2010 2:29am
price finding some demand right at the base of that previous 1hr swing hi=prev resistance=potential rbs zone....under yesterday's pullback lowsa @ 5511 which didn't create a fractal swing lo on this 1hr t/f....overall though intraday looks bearish at the moment with data due later. Under this low the 61.8% of the 5296-5533 move up coexistant with 76.4% of a smaller 1hr swing up to same hi.

G/L

http://www.easy-upload.net/fichiers/z.20109992856.gif
ex member
  • #251,770
  • Sep 9, 2010 2:30am Sep 9, 2010 2:30am
1.DIX finding resistance
2.£ finding support or close to it
3. if good trade balance news comes out before BoE talk rubbish again then it will spike up quickly

see pics :nerd:


PS never trade cable without checking what DIX is doing first
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Picture 14.png Size: 113 KB
  • #251,771
  • Sep 9, 2010 2:32am Sep 9, 2010 2:32am
i would like to see a little recovery to 38.2 fib (1.5442) or better to wp (1.5450). dp at same place today (1.5449) and upper channel line also.
If we see a wet cat bounce maybe i would take a short from this point, now is too risky for my liking.
  • #251,772
  • Sep 9, 2010 2:32am Sep 9, 2010 2:32am
Quoting AdrianHNV
I like that idea, do you often get words of wisdom from your bacon
you need to have a good bacon with a nice french baguette IMO to figure out fx psychology, no fear just tactics
  • #251,773
  • Sep 9, 2010 2:38am Sep 9, 2010 2:38am
closed short for 85...

As I have learnt cable, we should bounce up from this level... But that is the norm and Cable is everything but ordinary!
@pawpaw1000 on Twitter
  • #251,774
  • Sep 9, 2010 2:48am Sep 9, 2010 2:48am
You are just so pathetic Magix with your twisted uninformed words.
Try giving calls beforehand like I do instead of obscure messages afterwards, loser
Don't be a hero. Don't have an ego. Always question yourself
  • #251,775
  • Sep 9, 2010 2:58am Sep 9, 2010 2:58am
anyone for some longs?

Lets play this box for a breakout...

Just went long at 5410 with tight stop at 5390... Got to follow my propability that we are turning here with this second test of 5400 and seeming to fail again...

Will move s/l to be as soon as I'm 10 pips up...

High risk but good reward trade... (not really high risk, just in the sense that I'm picking bottoms...)
@pawpaw1000 on Twitter
  • #251,776
  • Sep 9, 2010 3:01am Sep 9, 2010 3:01am
Quoting pawpaw1000
anyone for some longs?

Lets play this box for a breakout...
slightly too early for me, i want 5375 or at least 5390..
  • #251,777
  • Sep 9, 2010 3:09am Sep 9, 2010 3:09am
Quoting HiCS
slightly too early for me, i want 5375 or at least 5390..
Possible 123 reversal on m5 and m15... will be negated if we go further than previous swing low....
@pawpaw1000 on Twitter
  • #251,778
  • Sep 9, 2010 3:09am Sep 9, 2010 3:09am
Quoting USD-Bear
You are just so pathetic Magix with your twisted uninformed words.
Try giving calls beforehand like I do instead of obscure messages afterwards, loser
Awwwww....

Did the Big Bad Magix hurt your little feelings?

Thought you had me on ignore here still dude?

Seriously, it's gotta irk you a little knowing that if you exercised a little patience how much you would have actually made over the last couple days...

You will have to forgive me for using you as a great example of what not to do, it's just that, you really are a great example of what not to do.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,779
  • Sep 9, 2010 3:09am Sep 9, 2010 3:09am
Quoting pawpaw1000
anyone for some longs?

Lets play this box for a breakout...

Just went long at 5410 with tight stop at 5390... Got to follow my propability that we are turning here with this second test of 5400 and seeming to fail again...

Will move s/l to be as soon as I'm 10 pips up...

High risk but good reward trade... (not really high risk, just in the sense that I'm picking bottoms...)
im wit U~~ long since 5473..im a idiot~
  • #251,780
  • Sep 9, 2010 3:14am Sep 9, 2010 3:14am
Quoting avalonyu
im wit U~~ long since 5473..im a idiot~
what without a SL?
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