Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#257,801
Oct 1, 2010 5:54am Oct 1, 2010 5:54am

USD-Bear
Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts

Short @ 1.5847
SL 1.5870
TP open

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Don't be a hero. Don't have an ego. Always question yourself

#257,802
Oct 1, 2010 5:55am Oct 1, 2010 5:55am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Quoting PipChick

Disliked

GU possibility

Ignored

Hi, what does FE stand for/mean?

ex member

#257,803
Oct 1, 2010 5:57am Oct 1, 2010 5:57am

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

shorts are gone now....and starting to build long position
bullish above 15780

#257,804
Oct 1, 2010 6:01am Oct 1, 2010 6:01am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting bbmac

Disliked

Hi, what does FE stand for/mean?

Ignored

Fib Expansion

#257,805
Oct 1, 2010 6:02am Oct 1, 2010 6:02am

Sutts
| Joined Sep 2009 | Status: Trader | 1,188 Posts

Quoting samirb

Disliked

Good day bro

Different books ,differnt authours have different views and perception on Gartley.

I do take the first swing as B for gartley222.. According to the book.. "Trade what you see" How to Profit From Pattern Recognition by Larry Pesavento.

Good luck with your trades

Ignored

OK thanks samir. Still learning to recognise these patterns.

#257,806
Oct 1, 2010 6:02am Oct 1, 2010 6:02am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Pullback from Daily R1 pivot area current intraday hi currently around 23.6% of 5668-5873...No real 30m/1hr previous wing hi's to act as potential rbs on a pullback other than that down and starting from the 5747 asian hi...5min hidden divergence building and valid whilst price stays above 5785 ?

G/L

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ex member

#257,807
Oct 1, 2010 6:05am Oct 1, 2010 6:05am

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting chazzle

Disliked

shorts are gone now....and starting to build long position
bullish above 15780

Ignored

bro you forgot your yesterday longs???you were adding from the same level?

Ub

#257,808
Oct 1, 2010 6:05am Oct 1, 2010 6:05am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Quoting PipChick

Disliked

Fib Expansion

Ignored

Thanks, please don't think I am being pedantic but they are fib retracements...an expansion or extension is below 100% level of the move you are measuring, ie in that example of your fib retracements of the 5668-5873move up, the fib exxpansions would be below the 5668 lo.

G/L

ex member

#257,809
Oct 1, 2010 6:06am Oct 1, 2010 6:06am

Uphios
| Joined Sep 2006 | Status: Forex Slave | 208 Posts

Quoting PipChick

Disliked

GU possibility

Ignored

good to see we are on the same page. I am short targeting 1.5741 ish. Closed longs, missed the top as at hit the upper trend line, though they just might retest 1.59. Cost me 15 pips.

Hope you more than made up for the 30 loss the other day.

Good Luck.

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#257,810
Oct 1, 2010 6:09am Oct 1, 2010 6:09am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Took half off the short at +25 and moving stop to BE

#257,811
Oct 1, 2010 6:09am Oct 1, 2010 6:09am

egkid
Joined Apr 2008 | Status: Trader | 9,414 Posts

Quoting egkid

Disliked

1-I'm not counter trend only trade with it, so no sell for me.
2-everything is possible but as u said not expected break yesterday high and to know where r we drew fib from yesterday high to low u will see something interesting.
3- E/u above 1.3750 entering hot area of R

4- today close Very important i think it will g/u @ 1.5890 ,1.5825, 1.5795
Catch u later
Trade safe

Ignored

http://www.forexfactory.com/showpost...stcount=257810
Exactly

#257,812
Oct 1, 2010 6:11am Oct 1, 2010 6:11am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting bbmac

Disliked

Thanks, please don't think I am being pedantic but they are fib retracements...an expansion or extension is below 100% level of the move you are measuring, ie in that example of your fib retracements of the 5668-5873move up, the fib exxpansions would be below the 5668 lo.

G/L

Ignored

Sorry, I was referring to the name of the tool:

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#257,813
Oct 1, 2010 6:11am Oct 1, 2010 6:11am

Galation
| Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts

Quoting cloggie

Disliked

It is not just Asia flogging the dollar, now Thailand is following Malaysia in buying Chinese treasuries:

http://www.businessweek.com/news/201...hada-says.html

China is opening itself up to the bondmarket. They have sold of over 100Bn of US debt this year and are now buying EU debt, their currency is appreciating vs. the dollar and now they are selling their own treasuries.

Ignored

Very true; good post.

Probability Professor

#257,814
Oct 1, 2010 6:13am Oct 1, 2010 6:13am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting Uphios

Disliked

good to see we are on the same page. I am short targeting 1.5741 ish. Closed longs, missed the top as at hit the upper trend line, though they just might retest 1.59. Cost me 15 pips.

Hope you more than made up for the 30 loss the other day.

Good Luck.

Ignored

Traded the GJ yesterday and made some nice pippies

I can usually make up 30 pips in the next trade. heheeheh