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Cable Update (GBPUSD)

  • #254,221
  • Sep 20, 2010 2:19am Sep 20, 2010 2:19am
Quoting USD-Bear
Longs @ 1.5430
SL 1.5325 (long term positions (I hope))
Target 1.6000

D1:
Attachment
Closed all longs @ 1.5660 collected 3x230pips
I'll prob. will regret it, but I don't trust it USD weak GBP much weaker......
Don't be a hero. Don't have an ego. Always question yourself
  • #254,222
  • Sep 20, 2010 2:28am Sep 20, 2010 2:28am
So 61.8% 5728-5610 holds out and fresh supply there on 2nd intraday attempt.....0800 Uk time 15min closed as a master bearish engulfing of last 18 candles oin that t/f providing a nice 5651 trigger to get short at 0815. ...flat again now.

G/L
ex member
  • #254,223
  • Sep 20, 2010 2:28am Sep 20, 2010 2:28am
Quoting Delite
I'm with you on that.

Just got in below the DP, filled at +16... waiting to see what happens... 5621 looks like a S/R area.
What we obtain too cheap, we esteem too lightly.
  • #254,224
  • Sep 20, 2010 2:28am Sep 20, 2010 2:28am
Quoting USD-Bear
Closed all longs @ 1.5660 collected 3x230pips
I'll prob. will regret it, but I don't trust it USD weak GBP much weaker......
Great trade !!! I always wanted to have patiance like you do to keep position open for a long time.
  • #254,225
  • Sep 20, 2010 2:31am Sep 20, 2010 2:31am
Quoting USD-Bear
Closed all longs @ 1.5660 collected 3x230pips
I'll prob. will regret it, but I don't trust it USD weak GBP much weaker......
Congrats on your long pip trades.

Yes I do tend to agree on the GBP at the moment
  • #254,226
  • Sep 20, 2010 2:35am Sep 20, 2010 2:35am
Intraday sentiment mixed to bearish from bullish....the screenshot below is what I am see-ing on 1hr currently re near-term main potential supp/res factors on that t/f....blue and red zones are co-existant as previous near-term fractal swing hi/lo's on 4hr also...some demand at the ascending 1hr trend line at the moment following the drop

G/L

http://www.easy-upload.net/fichiers/z.201092093438.gif
ex member
  • #254,227
  • Sep 20, 2010 2:42am Sep 20, 2010 2:42am
Quoting Piotr1
Great trade !!! I always wanted to have patiance like you do to keep position open for a long time.
Thanks, it took me a while to trade like this (thanks to some basics I discussed with nav)
I'm certainly not sure its a correct decision but what it needs imho is:
1. wait until enough support levels are behind you
2. large SL (100-200pips) dependable on support levels
3. do not think of levels of profits/loss during play
4. have a fair idea of long term trend based on fundamentals and techies.
5. good money management
Don't be a hero. Don't have an ego. Always question yourself
  • #254,228
  • Sep 20, 2010 2:46am Sep 20, 2010 2:46am
Quoting bbmac
Intraday sentiment mixed to bearish from bullish....the screenshot below is what I am see-ing on 1hr currently re near-term main potential supp/res factors on that t/f....blue and red zones are co-existant as previous near-term fractal swing hi/lo's on 4hr also...some demand at the ascending 1hr trend line at the moment following the drop

G/L

http://www.easy-upload.net/fichiers/z.201092093438.gif
15m 200 right at support for both cable and dragon.

Not saying we don't drop further from here, current interm support.
Attached Image (click to enlarge)
Click to Enlarge Name: 15ms.jpg Size: 140 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,229
  • Sep 20, 2010 2:52am Sep 20, 2010 2:52am
personally, I think the bunny licking an ice cream cone was really the bee's knees.

Quoting Magix
15m 200 right at support for both cable and dragon.

Not saying we don't drop further from here, current interm support.
"The real genius is knowing when to stop." - Marc Faber
  • #254,230
  • Sep 20, 2010 3:22am Sep 20, 2010 3:22am
Short cable at@1,5649, SL5665, tp5596

reasons:
Londons open 1st 15min candle 100% bearish
1H closed under DP
breakout triangle on 5M TF
  • #254,231
  • Sep 20, 2010 3:54am Sep 20, 2010 3:54am
Quoting Dayboy001
Long @ 1.5650

Easy to say now but,

closed out for -22

Opened short @ 1.5628
  • #254,232
  • Sep 20, 2010 4:16am Sep 20, 2010 4:16am
Going long. stoploss 5570 TP - open
To Your Success!!
  • #254,233
  • Sep 20, 2010 4:22am Sep 20, 2010 4:22am
Why are GBP falling so much ?
Anyone knows ?
  • #254,234
  • Sep 20, 2010 4:23am Sep 20, 2010 4:23am
Quoting Magix
Hey Husky,

Do a search for Dolly Graphics.

These are not my charts to post tpl and indicators for. They do have another website posted at the bottom, so, for respect to the creator, I will not modify it, and out of respect to FF, I will not post the links nor tpl.

These too are something that should be supported by the creator and others who have worked with them. I know how I use them, but perhaps not exactly in the way that was intended.

Enjoy the weekend.

Magix wanted to thank you before but FF ran into technical problems, so here a big THANK YOU because you did post it.
  • #254,235
  • Sep 20, 2010 4:26am Sep 20, 2010 4:26am
Quoting Sunsi
Why are GBP falling so much ?
Anyone knows ?

Because there are more sellers than buyers in the market at the moment....as a tech trader, that is all I need to know....
ex member
  • #254,236
  • Sep 20, 2010 4:27am Sep 20, 2010 4:27am
Quoting bbmac
Because there are more sellers than buyers in the market at the moment....as a tech trader, that is all I need to know....
May I ask wich indicators you use to see that other then PA ?
  • #254,237
  • Sep 20, 2010 4:28am Sep 20, 2010 4:28am
GBPLFX rejected at daily 50ema
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 92 KB
  • #254,238
  • Sep 20, 2010 4:28am Sep 20, 2010 4:28am
TP HIT!

we are now at 38,2fib from move up
expectiong upmove... but from 5530-5550 (5537 is 50%fib)

happy trading to all

Quoting scurt
Short cable at@1,5649, SL5665, tp5596

reasons:
Londons open 1st 15min candle 100% bearish
1H closed under DP
breakout triangle on 5M TF
  • #254,239
  • Sep 20, 2010 4:31am Sep 20, 2010 4:31am
Quoting obaasima
Yep, guys n gals, another trading week is here. Wish you all a great week with lots of positive pips.
I've set my week rolling with a buy on GBP/USD @ 1.5632, s/l @ 1.5600 and t/p @ 1.5704.
PA decided not to move downwards on Friday as I'd anticipated, but this is trading, price does what it wants. Trade well.
Cable trade closed with -32 loss.
Flat now, waiting for another entry point.
  • #254,240
  • Sep 20, 2010 4:35am Sep 20, 2010 4:35am
Quoting Sunsi
May I ask wich indicators you use to see that other then PA ?

In the respect of judging whether ther are more sellers than buyers or vice versa...price action is all I look at....as to whether prive may break or bounce at a pre-identified confluence of potential support/resistance factors...I look for a price action trigger for a bounce accompanied by repeating proprietary patterns comprised of oscillator divergence from price (both regular and hidden, informing about potential price momentum changes @ potential supp/res/sbr/rbs,) band deviation (informing me of potential price volatility changes at such potential supp/res/sbr/rbs) and certain fractal geomety.

G/L
--------------------------

Currently price finding some demand at the place circled on 1hr screenshot below...confluence with Weekly Pivot, Daily S1 pivot (not shown on screenshot below.)

http://www.easy-upload.net/fichiers/z.201092011356.gif
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