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Cable Update (GBPUSD)

  • #264,581
  • Nov 17, 2010 4:23am Nov 17, 2010 4:23am
Hi traders,

let me provide a longer term overview:

Right now the GBPUSD is bouncing off double trendlines which gives us an opportunity to buy some positions and maybe extend them later on?

But have a look yourself: Click Me

http://trading-brain.com/images/stor.../gbpusdFF1.gif

and now the H4 Chart:

http://trading-brain.com/images/stor.../gbpusdFF2.gif


But for the moment 1,5950 until 1,60 could give us some trouble for midterm and longterm (stressfree) trading so we'll have to see how the markets develop the next hours to days
  • #264,582
  • Nov 17, 2010 4:42am Nov 17, 2010 4:42am
Quoting redsword11
Attachment

Attachment


Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 77 KB




was meaning to close most - closed all by mistake
  • #264,583
  • Nov 17, 2010 4:57am Nov 17, 2010 4:57am
Quoting redsword11
Attachment

Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 74 KB




closed lower position - other @ BE
  • #264,584
  • Nov 17, 2010 5:03am Nov 17, 2010 5:03am
Global Index - 4H

Rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=892
Attached Image (click to enlarge)
Click to Enlarge Name: global index nov 17 4H.JPG Size: 112 KB
not euphoria follower
  • #264,585
  • Nov 17, 2010 5:23am Nov 17, 2010 5:23am
why is gu dropping that hard?

out +21 pips
Hero calls followed by margin calls...
  • #264,586
  • Nov 17, 2010 6:01am Nov 17, 2010 6:01am
Quoting PhAnTi'
why is gu dropping that hard?

out +21 pips

maybe something to do with more sellers than buyers
  • #264,587
  • Nov 17, 2010 6:21am Nov 17, 2010 6:21am
Quoting Mr.Elliott
PO [email protected] just got filled....let see whether 1.5950 gonna hold or not...
good luck all...
close short....GU for +50 pips....enter long @1.5893 with -50 stop loss.....
  • #264,588
  • Nov 17, 2010 6:22am Nov 17, 2010 6:22am
hard ? which TF bro ?

rgds,iqyu
http://www.forexfactory.com/showthre...72#post4177872

Quoting PhAnTi'
why is gu dropping that hard?

out +21 pips
not euphoria follower
  • #264,589
  • Nov 17, 2010 6:27am Nov 17, 2010 6:27am
Quoting iqyu5an
hard ? which TF bro ?

rgds,iqyu
http://www.forexfactory.com/showthre...72#post4177872
1.5880 seem a good provided support...i would play tahat for a while and see whether it could push the PA on retesting the 1.5950 level...i maybe wrong...
good luck all.....
  • #264,590
  • Nov 17, 2010 6:35am Nov 17, 2010 6:35am


rgds,iqyu

http://www.forexfactory.com/showthre...72#post4177872

Quoting Mr.Elliott
1.5880 seem a good provided support...i would play tahat for a while and see whether it could push the PA on retesting the 1.5950 level...i maybe wrong...
good luck all.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov 17 daily c.gif Size: 24 KB
not euphoria follower
  • #264,591
  • Nov 17, 2010 7:20am Nov 17, 2010 7:20am
Quoting iqyu5an


rgds,iqyu

http://www.forexfactory.com/showthre...72#post4177872
hope that LTL stands.....still the trend looks bearish IMHO...this is considered a counter trend....once again i maybe be wrong....if the next H4 candle closes above 1.5880 then we might retest 1.5950 again....if this trade took me out...then i'm out...already got my daily profit target from UJ previously...
  • #264,592
  • Nov 17, 2010 7:27am Nov 17, 2010 7:27am
Or bull continuation start here at http://www.forexfactory.com/attachme...2&d=1288940917 ? where are we now ?

hmmm yes this is forex. time will tell. could be wrong

rgds,iqyu
" only 4 quarter candle in a year "

Quoting Mr.Elliott
hope that LTL stands.....still the trend looks bearish IMHO...this is considered a counter trend....once again i maybe be wrong....if the next H4 candle closes above 1.5880 then we might retest 1.5950 again....if this trade took me out...then i'm out...already got my daily profit target from UJ previously...
not euphoria follower
  • #264,593
  • Nov 17, 2010 7:36am Nov 17, 2010 7:36am
Quoting Mr.Elliott
hope that LTL stands.....still the trend looks bearish IMHO...this is considered a counter trend....once again i maybe be wrong....if the next H4 candle closes above 1.5880 then we might retest 1.5950 again....if this trade took me out...then i'm out...already got my daily profit target from UJ previously...
Good day to you,

Also reversed @ 1.5880 for a cheeky long. Short was taken @ 1.5931 as per my earlier post. SL now in - free trade.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 30 KB
  • #264,594
  • Nov 17, 2010 7:39am Nov 17, 2010 7:39am
Quoting TauTrader
Good day to you,

Also reversed @ 1.5880 for a cheeky long. Short was taken @ 1.5931 as per my earlier post. SL now in - free trade.

Regards
good call buddy...just go with the trend and we'll be fine....sometimes good and sometimes bad....as per usual.
  • #264,595
  • Nov 17, 2010 7:41am Nov 17, 2010 7:41am
Quoting iqyu5an
hmmm yes this is forex. time will tell. could be wrong

rgds,iqyu
" only 4 quarter candle in a year "
yup..anything could happen...yes this is FX hope for the best for both of us...good luck buddy...
  • #264,596
  • Nov 17, 2010 7:46am Nov 17, 2010 7:46am
Quoting Mr.Elliott
good call buddy...just go with the trend and we'll be fine....sometimes good and sometimes bad....as per usual.
Will probably get in short again in the not too distant future.... watch this space - just waiting for my 4hr chart to form the setup. Once confirmed - I reverse.

All the best
  • #264,597
  • Nov 17, 2010 7:57am Nov 17, 2010 7:57am
Quoting TauTrader
Good day to you,

Also reversed @ 1.5880 for a cheeky long. Short was taken @ 1.5931 as per my earlier post. SL now in - free trade.

Regards
Truly spirited 4 pip haul...

Whoohoo!
  • #264,598
  • Nov 17, 2010 8:06am Nov 17, 2010 8:06am
Quoting TauTrader
Will probably get in short again in the not too distant future.... watch this space - just waiting for my 4hr chart to form the setup. Once confirmed - I reverse.

All the best
i'm also still not convince with this direction...eventually it is forming a triangle...but which direction will it breaks still i now we have 2 gate north (1.5950) and south is (1.5850).either one breaks and stay above or below will determine the trend....for now...
since i'm out of short and in long now(so far it stays above 1.5880) which is good for my long position...might just as well stay in the game...to late to pull out...just sit relax and watch the PA...
  • #264,599
  • Nov 17, 2010 8:26am Nov 17, 2010 8:26am
Quoting Mr.Elliott
i'm also still not convince with this direction...eventually it is forming a triangle...but which direction will it breaks still i now we have 2 gate north (1.5950) and south is (1.5850).either one breaks and stay above or below will determine the trend....for now...
since i'm out of short and in long now(so far it stays above 1.5880) which is good for my long position...might just as well stay in the game...to late to pull out...just sit relax and watch the PA...
just a simple chart to support my bias.......
my bias might change as moment as the PA change....

ps:sorry not very good with the chart...editing....this the best i could do...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.jpg Size: 289 KB
  • #264,600
  • Nov 17, 2010 8:54am Nov 17, 2010 8:54am
Quoting Mr.Elliott
just a simple chart to support my bias.......
my bias might change as moment as the PA change....

ps:sorry not very good with the chart...editing....this the best i could do...
pretty professional chart-editing if you ask me
Don't be a hero. Don't have an ego. Always question yourself
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