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Cable Update (GBPUSD)

  • #256,741
  • Sep 28, 2010 10:44am Sep 28, 2010 10:44am
same for me, since Posenīs comment was directly relativised itīs further buying on dips, my line in the sand is 1.5720/10 for reconsider the plan
  • #256,742
  • Sep 28, 2010 10:54am Sep 28, 2010 10:54am
1.5800 hold...buy sell?

It seems can't go up till 1.5850
  • #256,743
  • Sep 28, 2010 10:55am Sep 28, 2010 10:55am
Quoting wormboy
good to be back bro, how have you been, hope all is great

yup, & the current H4 bar is resting on the monthly supp/res, mean looking hammer too. That don't look like sellers to me.
same as usual here, slow and steady. enjoying the cool weather

4H perfect bounce off of prior resistance. right pb target and nice looking candle to boot. GU's been a lot of fun today. back to her old self again... lol
  • #256,744
  • Sep 28, 2010 10:58am Sep 28, 2010 10:58am
Quoting pips stunner
its a hell buy on weekly charts.. as shown bro.. but it may take a while. Daily chart is just entering buy area so it may sell for a while.. this is a weekly chart.
Attachment
wish u luck..no doubt u may need it!.. i see no buy but not like i know anything..have a good one, may the pips be strong with u
  • #256,745
  • Sep 28, 2010 10:58am Sep 28, 2010 10:58am
Shouldn't have kept my computer off, I would've had some locked in TS profits.
  • #256,746
  • Sep 28, 2010 10:58am Sep 28, 2010 10:58am
bro, i see today first closing another 80-100pips from here i.e 1.5710. we would see a confirmation on the 4hr close at that region before i would place my long. for now i short.

This is my trade.

Quoting wormboy
still ranging, bullish overall. I still reckon 970 is coming.
good luck selling for 1.51 or 1.42 ... or whatever
  • #256,747
  • Sep 28, 2010 11:05am Sep 28, 2010 11:05am
Heads up for the long traders:
Attached Image (click to enlarge)
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  • #256,748
  • Sep 28, 2010 11:15am Sep 28, 2010 11:15am
Quoting chazzle
Have orders placed to buy 15755,15730,15705 still in uptrend-will be surprised if orders get filled,but worth a shot all the same,I reckon
good setup
  • #256,749
  • Sep 28, 2010 11:16am Sep 28, 2010 11:16am
I posted the charts earlier. I re-post again it to show that the analysis is still valid until the range between 1.60000 to 1-53214 is broken either way

For now price will only move to the next level if the daily closed above the resistance line at around 1.58535 or move back to where it came and close below 1.57147.

It is always better to trade within established concrete zones. That way, you will be insulated from the noisy signals all around you.

That is how I trade. The daily shows me the trend, H4 gives the signal and I use M15 to enter my trades. If you trade this way you might miss some trades, but you will only take first class trades.
Attached Image(s) (click to enlarge)
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  • #256,750
  • Sep 28, 2010 11:19am Sep 28, 2010 11:19am
Interesting day... looks like we will see 1,6 this week
That fall around 1,57 was necessary so now its a matter of time....
for now im out. Tomorrow I'll be trying to get long at good level
  • #256,751
  • Sep 28, 2010 11:22am Sep 28, 2010 11:22am
Attached Image
  • #256,752
  • Sep 28, 2010 11:24am Sep 28, 2010 11:24am
Quoting fendi
bro, i see today first closing another 80-100pips from here i.e 1.5710. we would see a confirmation on the 4hr close at that region before i would place my long. for now i short.

This is my trade.
alright good luck. I just don't see that happening
Thank You
  • #256,753
  • Sep 28, 2010 11:28am Sep 28, 2010 11:28am
Quoting wormboy
alright good luck. I just don't see that happening
she coming damnit today be nuts
Attached Image (click to enlarge)
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  • #256,754
  • Sep 28, 2010 11:54am Sep 28, 2010 11:54am
not nice trading conditions at all!

Very choppy seas!


Im going to BE on all of my trades.
  • #256,755
  • Sep 28, 2010 12:04pm Sep 28, 2010 12:04pm
Quoting Petar_Serbia
OK guys i will post this chart for you :

I shorted cable with two position.On both position SL 50 pips pontecial target from first 100 pips from second 300 pips.I see two strong TL and also my formation tell me that we can go down,of course this is tehnicly from my view.Total risk for both trades 2 %



Chart :

CHeers

Petar
Ok guys TP1 closed +100 pips
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #256,756
  • Sep 28, 2010 12:08pm Sep 28, 2010 12:08pm
Quoting nAVIN2007
she coming damnit today be nuts
yup, hope whoever sold cashed in. Price was very much within range & respected the big levels.
Good luck bro
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.gif Size: 21 KB
Thank You
  • #256,757
  • Sep 28, 2010 12:22pm Sep 28, 2010 12:22pm
Quoting alex1976
not nice trading conditions at all!

Very choppy seas!


Im going to BE on all of my trades.
better than losing day dude.
  • #256,758
  • Sep 28, 2010 12:31pm Sep 28, 2010 12:31pm
Quoting uksnowman
.. I see a possible test of 5720/5735 area where I will be looking to load up a bit heavier if confirmed. Do you see this level coming into play perhaps later today?
frustrating day. I had hoped to add to my long position on the test which did happen but it was such a rapid down move that I got spooked and with the ensuing panic re BoE shenanigans I would have been better off walking away from the screens for a few hours!
  • #256,759
  • Sep 28, 2010 12:32pm Sep 28, 2010 12:32pm
If price stay around 50% of today's range the daily is going to end up a doji, very sellable, at least for a while.

Plus it will be foolhardy to long against a gartley pattern before price clear 15850.

So I'm stuck unable to short against trend and long against the PA and pattern.
  • #256,760
  • Sep 28, 2010 12:40pm Sep 28, 2010 12:40pm
Quoting trending
If price stay around 50% of today's range the daily is going to end up a doji, very sellable, at least for a while.

Plus it will be foolhardy to long against a gartley pattern before price clear 15850.

So I'm stuck unable to short against trend and long against the PA and pattern.
yup, agreed. There is also a DOW showing a positive figure so until that breaks no more positions.
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