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Cable Update (GBPUSD)

  • #261,061
  • Oct 19, 2010 7:53am Oct 19, 2010 7:53am
oops
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Verily, in every difficulties there is relief
  • #261,062
  • Oct 19, 2010 7:56am Oct 19, 2010 7:56am
Quoting wormboy
pretty sure with that formation in mind we're gonna print a lot closer to the monthly pvp in the coming days and test it.

Good luck
good lord still tanking

if we do get to test the monthly pvp today and not in the coming days, I'll have to try real hard to kick myself for closing out too soon
Thank You
  • #261,063
  • Oct 19, 2010 7:57am Oct 19, 2010 7:57am
here we go 57 cracked already/ We might see 53 if weekly closes below 57
  • #261,064
  • Oct 19, 2010 8:08am Oct 19, 2010 8:08am
my buy limit hit @710
Verily, in every difficulties there is relief
  • #261,065
  • Oct 19, 2010 8:18am Oct 19, 2010 8:18am
Quoting primzvicious
my buy limit hit @710
My previous post on the fundi's coupled with these charts says 5600 is next.
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  • #261,066
  • Oct 19, 2010 8:22am Oct 19, 2010 8:22am
Quoting PipChick
My previous post on the fundi's coupled with these charts says 5600 is next.
yea.. u can see my previous post...
i buy here with 20pips stop only..
Verily, in every difficulties there is relief
  • #261,067
  • Oct 19, 2010 8:30am Oct 19, 2010 8:30am
well for a 240+ pip range this place is sure quiet. Guess most are still buying dips
Thank You
  • #261,068
  • Oct 19, 2010 8:31am Oct 19, 2010 8:31am
Quoting primzvicious
yea.. u can see my previous post...
i buy here with 20pips stop only..
Maybe there will be a pullback to the neckline for ya.
  • #261,069
  • Oct 19, 2010 8:35am Oct 19, 2010 8:35am
Quoting PipChick
Maybe there will be a pullback to the neckline for ya.
hopefully
Verily, in every difficulties there is relief
  • #261,070
  • Oct 19, 2010 8:37am Oct 19, 2010 8:37am
us session just started and selling seems far from over/
  • #261,071
  • Oct 19, 2010 8:39am Oct 19, 2010 8:39am
Quoting bonus76
us session just started and selling seems far from over/
Stocks are falling and the China news will now reach US trades, so I would expect there to be more selling trough out the session. But also, not long until Daytraders from europe will take some profit.

I am holding my shorts!
  • #261,072
  • Oct 19, 2010 8:41am Oct 19, 2010 8:41am
Quoting wormboy
well for a 240+ pip range this place is sure quiet. Guess most are still buying dips
Well it was fine all the other times.

Now i`m averaging a loss, much smaller than i made by buying dips this month(not only on GBP), and asking myself if i should let it ride more or close and buy lower...

While writing this the S&P (1h) looks like it`s turning, guess wait for the candle to close and wait for a small retrace... or reverse if they remain optimistic.
  • #261,073
  • Oct 19, 2010 8:44am Oct 19, 2010 8:44am
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  • #261,074
  • Oct 19, 2010 8:53am Oct 19, 2010 8:53am
Quoting alexandru987
Well it was fine all the other times.

Now i`m averaging a loss, much smaller than i made by buying dips this month(not only on GBP), and asking myself if i should let it ride more or close and buy lower...

While writing this the S&P (1h) looks like it`s turning, guess wait for the candle to close and wait for a small retrace... or reverse if they remain optimistic.
i was just joking hope it turns out well for you mate good luck
Thank You
  • #261,075
  • Oct 19, 2010 8:53am Oct 19, 2010 8:53am
Quoting chazzle
Haven't seen MC Hammer in years!

Love it!
Dan TheMan
  • #261,076
  • Oct 19, 2010 8:54am Oct 19, 2010 8:54am
Quoting wormboy
i was just joking hope it turns out well for you mate good luck
arent u wishing for the same matey
Verily, in every difficulties there is relief
  • #261,077
  • Oct 19, 2010 8:54am Oct 19, 2010 8:54am
Quoting OceanOfPips
GBP/USD is at a major resistance area on the weekly chart. Also had a doji form last week, and it looks like this week might end up forming a shooting star (depending on tomorrow's PA, of course).

Looks like a good entry for a long-term short position. Any thoughts out there?
Well, that shooting star turned out to be a bullish candle. It goes to show that waiting for confirmation is always a good idea.

Anyhow, the following week turned out to be a high wave candle, marking indecision and possible reversal (see weekly chart of GBP/USD). Plus the fact that this occurred at the intersection of two resistance areas (note downward trend line and upper horizontal resistance line)...marking a high probability for a bearish reversal.

So far, that's being confirmed this week...bearish candle and 220 pips in my pocket!
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  • #261,078
  • Oct 19, 2010 9:02am Oct 19, 2010 9:02am
Quoting primzvicious
arent u wishing for the same matey
lol I am
Thank You
  • #261,079
  • Oct 19, 2010 9:04am Oct 19, 2010 9:04am
closing 5 small positions for 5 pips loss overall....still about 70 up on the day so not going to cry about it
  • #261,080
  • Oct 19, 2010 9:04am Oct 19, 2010 9:04am
nice little dragonfly on my H1. time to pullback up a few
Thank You
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