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Cable Update (GBPUSD)

  • #257,701
  • Oct 1, 2010 1:02am Oct 1, 2010 1:02am
There goes cable, hunting for stops. Interesting...
  • #257,702
  • Oct 1, 2010 1:02am Oct 1, 2010 1:02am
Quoting wormboy
and the w1 pvp
every1 got it yesterday..monthly closed above 1.57 brother..watch this area for longs..

Quoting obaasima
There goes cable, hunting for stops. Interesting...
thats what u think..lol
  • #257,703
  • Oct 1, 2010 1:02am Oct 1, 2010 1:02am
A perfect bullish thrust candle closes on 1hr after the pinbar.
Price breaks topside of previous 1hr/4hr swing lo zone, approaching 50% of 5921-5668?

G/L
Attached Image
ex member
  • #257,704
  • Oct 1, 2010 1:06am Oct 1, 2010 1:06am
Quoting nAVIN2007
every1 got it yesterday..monthly closed above 1.57 brother..watch this area for longs..
I already bought bro
Thank You
  • #257,705
  • Oct 1, 2010 1:06am Oct 1, 2010 1:06am
Quoting nAVIN2007
have a good one folks..
very good post, really. good point and probably well done forecast
  • #257,706
  • Oct 1, 2010 1:06am Oct 1, 2010 1:06am
Moved SL to BE.....can get on with my day job now
Enter Signature
  • #257,707
  • Oct 1, 2010 1:07am Oct 1, 2010 1:07am
Quoting bbmac
A perfect bullish thrust candle closes on 1hr after the pinbar.
Price breaks topside of previous 1hr/4hr swing lo zone, approaching 50% of 5921-5668?

G/L

ABCD pattern..61.8 confluence with 1.57..now we got a setup to break 1.6

Quoting wormboy
I already bought bro http://cdn.forexfactory.com/images/s.../yim/happy.gif


Quoting cannarek
very good post, really. good point and probably well done forecast http://cdn.forexfactory.com/images/s...m/thumbsup.gif
be lucky!http://cdn.forexfactory.com/images/s...m/thumbsup.gif
Attached Image (click to enlarge)
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  • #257,708
  • Oct 1, 2010 1:08am Oct 1, 2010 1:08am
Quoting obaasima
There goes cable, hunting for stops. Interesting...
obsessed much?
Attached Image (click to enlarge)
Click to Enlarge Name: bodoh.jpg Size: 107 KB
Thank You
  • #257,709
  • Oct 1, 2010 1:12am Oct 1, 2010 1:12am
Quoting dag777
found new long entry at 1.5799, not really sure about it,
let´s see how it plays out
it played out ugly, but came back to my entry, closed at -2
another long taken this morning payed well,

good trading to all
  • #257,710
  • Oct 1, 2010 1:16am Oct 1, 2010 1:16am
Quoting dag777
it played out ugly, but came back to my entry, closed at -2
another long taken this morning payed well,

good trading to all
this is forex the big guns depend on the stupidity of retail trades
  • #257,711
  • Oct 1, 2010 1:16am Oct 1, 2010 1:16am
Quoting Magix
Patience is the #1 key to trading after you have begun to identify exactly what you are doing...

Where does the money go?

Like Capn says...see if you can figure out the main trend, good place to start. Chart 1.

From there...1st. Plot this onto the shortest time frame that you can still see the movement of money. Are we at top, at bottom, moving up or moving down, yet to be determined. Chart 2.

2nd...well, just so you have an idea of this trend, throw on a moving average. A large one, pick one, anything that makes sense, call this your slow....
Magix we crossed all the EMA 200 so whats now the target ?
  • #257,712
  • Oct 1, 2010 1:20am Oct 1, 2010 1:20am
Quoting dag777
it played out ugly, but came back to my entry, closed at -2
another long taken this morning payed well,

good trading to all
Hi Dag,

I thought you might find this helpful. If you look at the hourly chart over the last week or so 5800 is a key resistance level. This is a level that has been in place for a long long time if you look at the 4 hour chart. I actually have 5804 which is close enough

I bought at 5778 after the 5 min had a strong close above my last resistance level of 5769 which was just above the Daily Pivot
  • #257,713
  • Oct 1, 2010 1:20am Oct 1, 2010 1:20am
it would take a brave soul to think this area will hold..even hancock gonna struggle
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 26 KB
  • #257,714
  • Oct 1, 2010 1:21am Oct 1, 2010 1:21am
Some minor Uk data coming at 0930am Uk time...50% of the 5921-5668 drop breeched to upside now. Current 1hr screenshot below..

G/L
Attached Image
ex member
  • #257,715
  • Oct 1, 2010 1:22am Oct 1, 2010 1:22am
Quoting Indyfx
Hi Dag,

I thought you might find this helpful. If you look at the hourly chart over the last week or so 5800 is a key resistance level. This is a level that has been in place for a long long time if you look at the 4 hour chart. I actually have 5804 which is close enough

I bought at 5778 after the 5 min had a strong close above my last resistance level of 5769 which was just above the Daily Pivot
Snap! - although bailed too early!
  • #257,716
  • Oct 1, 2010 1:24am Oct 1, 2010 1:24am
Quoting nAVIN2007
this is forex the big guns depend on the stupidity of retail trades

Hi nAV,

yesterday i was the stupid retailer,
by open a long pos. 9 pips under dp (in daily downtrend),
checked off and next one.
Will keep cloggies advice not to marry a pos.
and stay flexible for the bias.

have a nice trading day, buddy
  • #257,717
  • Oct 1, 2010 1:26am Oct 1, 2010 1:26am
Quoting Magix
Patience is the #1 key to trading after you have begun to identify exactly what you are doing...

Where does the money go?

Like Capn says...see if you can figure out the main trend, good place to start. Chart 1.

From there...1st....
this is a gold star post..people need to read this..i will save it..gold nugget
  • #257,718
  • Oct 1, 2010 1:27am Oct 1, 2010 1:27am
Quoting dag777
Hi nAV,

yesterday i was the stupid retailer,
by open a long pos. 9 pips under dp (in daily downtrend),
checked off and next one.
Will keep cloggies advice not to marry a pos.
and stay flexible for the bias.

have a nice trading day, buddy
a trader who can ackowledge his mistakes is not stupid, just careless.
a trader who points to stop hunts, the new world order & the blair witch for his own mistakes is stupid.

you're not stupid in my books
Thank You
  • #257,719
  • Oct 1, 2010 1:30am Oct 1, 2010 1:30am
Quoting Delite
Snap! - although bailed too early!
A profit is a profit and who could tell whether it was going to reverse here or not

It tested it twice before going through but it is coming back now and the news is due
  • #257,720
  • Oct 1, 2010 1:30am Oct 1, 2010 1:30am
Bad UK news but dollar looks weak across the board !!
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