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Cable Update (GBPUSD)

  • #257,681
  • Oct 1, 2010 2:23am Oct 1, 2010 2:23am
Sell@5770 (dont have patience for 5774)

SL and TP as below...

Quoting scurt
Sell_limit@5774 sl5855
tp1 5700
tp2 5598

reasons:
yesterdays refuse 1,5920 with heavy sell off, waiting for pullback to jump in.
5774 is between 38,8 and 50 fibo, there is a 100EMA (1H TF) and DP very close also there is nice S/R level at that price area... will wait on UK data for confirmation
  • #257,682
  • Oct 1, 2010 2:26am Oct 1, 2010 2:26am
i see your green smile in your face .....

btw where is madame ....jazznos ? really away from the forum ? hikzzzzzzzzz

Quoting Jazznos
Thanks buddy :-) Im already in long -we crossed our intraday breach and i jumped in but its now stalled at our 80.9!
not euphoria follower
  • #257,683
  • Oct 1, 2010 2:27am Oct 1, 2010 2:27am
2 x Pinbars on 1hr, one at yesterday's 5668 Lo and one developed from the pulklback off 5748 to 5705...nice run up..cable giving back over 38.2% of the fall yesterday at the current pullback hi.

The current 1hr screenshot is below...price arrtiving at a previous 1hr/4hr swing lo zone (= potential sbr ?)

G/L
Attached Image
ex member
  • #257,684
  • Oct 1, 2010 2:28am Oct 1, 2010 2:28am
Quoting pepper
Back to 5810 area.
There's 1.5785 to clear first.. Good day to you all.
  • #257,685
  • Oct 1, 2010 2:30am Oct 1, 2010 2:30am
Quoting iqyu5an
i see your green smile in your face .....

btw where is madame ....jazznos ? really away from the forum ? hikzzzzzzzzz

Haha yes that worked out ok, 28 pips, maybe i bailed a bit early, it hit bull T2 and i tried to get out but platform rejected price as it dropped suddenly so got taken out at 5763, which is ok...

Yeah no Simone for a long time! She did say thats what she was doing... sigh Im glad we still have your guidance though!
  • #257,686
  • Oct 1, 2010 2:31am Oct 1, 2010 2:31am
The 253pip fall off 5921 yesterday's Hi found supoport yesterday late at bottom of the previous daily swing hi zone (= prev res = potential rbs)

G/L
Attached Image
ex member
  • #257,687
  • Oct 1, 2010 2:32am Oct 1, 2010 2:32am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone

long from 15680 and 15700 because of falling wedge on M30 and H1.

Good luck everyone

Regards

Good day everyone..

Long position looking good... Both position at BE
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: wedge.png Size: 36 KB
  • #257,688
  • Oct 1, 2010 2:39am Oct 1, 2010 2:39am
look at this bro

Quoting Jazznos
Haha yes that worked out ok, 28 pips, maybe i bailed a bit early, it hit bull T2 and i tried to get out but platform rejected price as it dropped suddenly so got taken out at 5763, which is ok...

Yeah no Simone for a long time! She did say thats what she was doing... sigh Im glad we still have your guidance though!
Attached Images
not euphoria follower
  • #257,689
  • Oct 1, 2010 2:39am Oct 1, 2010 2:39am
Good morning everyone

Can anyone tell me why MA's should act as S/R? I can understand maybe the 200EMA on the upper t/f working as the number of participants in the market may be watching those, much like trendlines etc, but I cannot see why say the 200 and 25 work on the lower t/f, and yet they do.

Can anyone explain?
  • #257,690
  • Oct 1, 2010 2:42am Oct 1, 2010 2:42am
1hr is remaining bulish, it has printed a HH from a L,...I wonder if/whether there might be as many sell the rally players re yesterday's drop as a result of this...?? It is challenging one of the upside obstacles now..that previous 1hr/4hr swing lo zone.

Just a thought..

G/L
Attached Image (click to enlarge)
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ex member
  • #257,691
  • Oct 1, 2010 2:46am Oct 1, 2010 2:46am
Quoting Delite
Good morning everyone

Can anyone tell me why MA's should act as S/R? I can understand maybe the 200EMA on the upper t/f working as the number of participants in the market may be watching those, much like trendlines etc, but I cannot see why say the 200 and 25 work on the lower t/f, and yet they do.

Can anyone explain?

You can find any ma to fit...but I doubt that they do on the lower t/f's consistently...they but their nature are subjective, calculated across any period length, expoentially or simply or weighted etc, on the open, close, hi, lo or typical price etc....Some consider the 200ma to be fair value on the daily f/f, and I do have both the 100 and 200sma on 1hr + but not below...this said I would not trade just with an ma as potential supp/res...but if it was in the confluence mix then so much the better on 1hr + I think why they appear to be respected on the lower t/f's is a coincidence of fractal geometry and the nature of price action more than anything.

Just one trader's experience/view, others may be different.

G/L
ex member
  • #257,692
  • Oct 1, 2010 2:48am Oct 1, 2010 2:48am
Quoting pawpaw1000
I see 5636 as the last swing low on h4 and 5513 on daily so until at least the H4 swing low is broken, I'd say we still heading up. Got a Higher High today even though we dropped like crazy...

Wasn't here today, went castle hopping but what a crazy day!

anyone else like to correct me?

Opened a long at 5705 and targeting 5850... s/l below low of today...
Just closed all my positions.... not sure where we are going soo, not taking any chances...
@pawpaw1000 on Twitter
  • #257,693
  • Oct 1, 2010 2:49am Oct 1, 2010 2:49am
Quoting obaasima
There's 1.5785 to clear first.. Good day to you all.
Hi
  • #257,694
  • Oct 1, 2010 2:49am Oct 1, 2010 2:49am
Quoting scurt
Sell@5770 (dont have patience for 5774)

SL and TP as below...
I find it difficult to even consider a short any time soon in the face of that rather large pin for the last hour.
Attached Image (click to enlarge)
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  • #257,695
  • Oct 1, 2010 2:50am Oct 1, 2010 2:50am
Guys isn't it a rising wedge pattern in GU H1 which is indicating to sell it on every top until we won't breach 5660 level or atlest test it before go up?

Ub
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  • #257,696
  • Oct 1, 2010 2:51am Oct 1, 2010 2:51am
Quoting scurt
Sell@5770 (dont have patience for 5774)

SL and TP as below...
I am in @ 62ems (1.5774) so le see how she plays out
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #257,697
  • Oct 1, 2010 2:57am Oct 1, 2010 2:57am
i think yesterday move was to shake out orders both directions..all stops were triggered and PA became a mess..possibly more long stop triggered hence movement down.

key is 1.57 holding
Attached Image (click to enlarge)
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  • #257,698
  • Oct 1, 2010 2:58am Oct 1, 2010 2:58am
bbmac

Yes, I'm sure it is a case of the brain putting 2 and 2 together and making 5. For instance, GU looks as if it is struggling to breach the 200EMA on the M15, when in reality it is simply stalling at the DP.

Have a good day!
  • #257,699
  • Oct 1, 2010 2:59am Oct 1, 2010 2:59am
have a good one folks..
Attached Image (click to enlarge)
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  • #257,700
  • Oct 1, 2010 2:59am Oct 1, 2010 2:59am
Quoting nAVIN2007

key is 1.57 holding
and the w1 pvp
Thank You
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