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Cable Update (GBPUSD)

  • #266,081
  • Dec 8, 2010 8:49am Dec 8, 2010 8:49am
Quoting ubaidahsan
u closed your short?

Ub
yup, good thing magix mentioned the H4. closed & paid as soon as I saw it.

Quoting wormboy
lol thank you for pointing that H4 out my friend. Mine just closed & I didn't notice that monster till you mentioned.

I bailed & paid out 13.8 pips
Thank You
  • #266,082
  • Dec 8, 2010 8:58am Dec 8, 2010 8:58am
Quoting wormboy
yup, good thing magix mentioned the H4. closed & paid as soon as I saw it.
bad start after back lol -60 today but hopeful will recover today or tomorrow better to watch PA

thanks

Ub
  • #266,083
  • Dec 8, 2010 9:06am Dec 8, 2010 9:06am
Quoting ubaidahsan
bad start after back lol -60 today but hopeful will recover today or tomorrow better to watch PA

thanks

Ub
you'll get it back my friend don't worry, cheer up

I'm done for the year (I know you've heard me said that before lol)
Gonna go thread hopping one last time & pick a fight before I hit the sack.

merry christmas, happy new year everyone! see you guys next january
Ta!
Thank You
  • #266,084
  • Dec 8, 2010 9:08am Dec 8, 2010 9:08am
This posting is for short term trading opportunities. A close above 1.58376, which is currently proving difficult to break, is the gateway to the top. Furthermore, our concrete zone for now is 1.56535 to 1.58376 (about 180 pips). If prices fails to break 1.58376, keep an eye on M15 for opportunity to short. Until the daily opens and closes outside 1.58376, the zone is still valid.

Happy trading!
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1291820602
  • #266,085
  • Dec 8, 2010 9:10am Dec 8, 2010 9:10am
Quoting wormboy
you'll get it back my friend don't worry, cheer up

I'm done for the year (I know you've heard me said that before lol)
Gonna go thread hopping one last time & pick a fight before I hit the sack.

merry christmas, happy new year everyone! see you guys next january
Ta!
take care bro enjoy and be good
  • #266,086
  • Dec 8, 2010 9:13am Dec 8, 2010 9:13am
Quoting wormboy
you'll get it back my friend don't worry, cheer up

I'm done for the year (I know you've heard me said that before lol)
Gonna go thread hopping one last time & pick a fight before I hit the sack.

merry christmas, happy new year everyone! see you guys next january
Ta!
haha very impatience i am :@ angry on my self. i closed both trades and right after that 5 min market drop lol what a bad luck

Ub
  • #266,087
  • Dec 8, 2010 9:26am Dec 8, 2010 9:26am
Nice bounce off H4 UTL - I got one short from 15826 SL @ BE right now
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  • #266,088
  • Dec 8, 2010 9:33am Dec 8, 2010 9:33am
macd bearish div m5 played well....
+50

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... feel better day by day.
  • #266,089
  • Dec 8, 2010 9:52am Dec 8, 2010 9:52am
GU CHART
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  • #266,090
  • Dec 8, 2010 9:55am Dec 8, 2010 9:55am
Pullback from current daily hi - 5836 (price at 115% of 20 day average pip range there,) shown at the potential resistance factors confluence on 4hr chart below has reached 23.6% fib of the 5510-said 5836 4hr swing.

Great bearish divergence plays on the lower t/f's at that hi.

G/L
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ex member
  • #266,091
  • Dec 8, 2010 9:58am Dec 8, 2010 9:58am
fibs plotted from the 4hr upswings from 5483 and 5510 to current 5836 hi, 1hr as shown on current near-term 1hr screenshot below.

G/L
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ex member
  • #266,092
  • Dec 8, 2010 10:05am Dec 8, 2010 10:05am
5min bearish divergence play shown below...notice the double seperate peak regular immediate bearish ivergence in the Osma (white oscillator) ie on the last 2 legs up on this 5min t/f momentum was decreasinn meaning that if sellers came in at such a potential resistance area as discussed in post before this, buyers might not be able to continue to support price at those levels.

G/L
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ex member
  • #266,093
  • Dec 8, 2010 10:51am Dec 8, 2010 10:51am
Quoting bbmac
5min bearish divergence play shown below...notice the double seperate peak regular immediate bearish ivergence in the Osma (white oscillator) ie on the last 2 legs up on this 5min t/f momentum was decreasinn meaning that if sellers came in at such a potential resistance area as discussed in post before this, buyers might not be able to continue to support price at those levels.

G/L

Do you work only 5 min charts? I am looking for someone who is working 1 min charts!
  • #266,094
  • Dec 8, 2010 10:52am Dec 8, 2010 10:52am
Dollar Index is key to this scenario....
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"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #266,095
  • Dec 8, 2010 10:58am Dec 8, 2010 10:58am
Quoting newnew
Do you work only 5 min charts? I am looking for someone who is working 1 min charts!

I analyze price across 3 main time frames, designating a shortest trigger, t/f, an intermediate t/f and longest trend time frame. I look for an entry at pre-identified potential support/resistance factors confluence and this entry to be timed on the smallest t/f that one of my proprietary set-ups develops on. In 75% of cases this is the 1min, 5min would be about 20% and 15min is 5%...I don't generally operate on higher than a 15min trigger although the great 1hr bullish thrust candle closing at 11am gmt also co-existed with the close of a 4hr master bullish engulfing x 2 thrust hammer which gave a hi-probability signal that was too hard to resist.

I am going offline now, so please pm me if you need to discuss anything further. Thanks.

G/L
ex member
  • #266,096
  • Dec 8, 2010 12:16pm Dec 8, 2010 12:16pm
up up and away she goes....... who knows cable might even follow
  • #266,097
  • Dec 8, 2010 1:05pm Dec 8, 2010 1:05pm
Quoting bbmac
I analyze price across 3 main time frames, designating a shortest trigger, t/f, an intermediate t/f and longest trend time frame. I look for an entry at pre-identified potential support/resistance factors confluence and this entry to be timed on the smallest t/f that one of my proprietary set-ups develops on. In 75% of cases this is the 1min, 5min would be about 20% and 15min is 5%...I don't generally operate on higher than a 15min trigger although the great 1hr bullish thrust candle closing at 11am gmt also co-existed with...

Thank you very much I really understand.
  • #266,098
  • Dec 8, 2010 1:26pm Dec 8, 2010 1:26pm
The same long trade has worked three days on the trot - I've a long standing love affair with Cable.
"I made all my money by selling too soon"
  • #266,099
  • Dec 8, 2010 2:13pm Dec 8, 2010 2:13pm
I think it is going south
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  • #266,100
  • Dec 8, 2010 2:23pm Dec 8, 2010 2:23pm
i'm new posting, but i have been reading your's post for allmost a year. I'm from Chile, south america.

GBP it's going up tomorrow, because the bank of England it's going to for a 200 billion in Asset Purchase Facility. Every time that this ocurrs, the GBP goes up, and the EUR follows it. I hope this pattern happens once again.

I´m long since 5770 in the GBP.

Best regards to all, and good luck.

PD: sorry for my english...
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