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Cable Update (GBPUSD)

  • #266,321
  • Dec 12, 2010 11:32pm Dec 12, 2010 11:32pm
Quoting jaygee
lol, no matter where i go and who is posting on whatever thread, the ole ego is sure to pop out and it's off to the races with it. I have never eaten an ego so i try and stay away. Had an eggo once but didn't like that either.
One thing i notice on the long term charts especially(daily, weekly) is people entering a change of trend trade on the first stick close out of the trend. ie above res/below supp. I have seen too many times a reversal after that first stick back to the original trend. Seems like a stop run on both sides of the trend line...
may i know what kind of strategy of yours! coz i still in the process of learning! i may apply it to my trading and to become profitable! tnx
  • #266,322
  • Dec 13, 2010 2:14am Dec 13, 2010 2:14am
OH MY !!

You know this place is dead when it's only:

52 Traders Viewing This Thread (15 are members)

and the last post at 08:10 GMT is over 2 1/2 hours ago !!!

I guess everyone has stopped for Xmas already.
  • #266,323
  • Dec 13, 2010 2:17am Dec 13, 2010 2:17am
anyone have a bias to the upside or downside at the moment?

H1 seems to have some support down here at the monthly Pivot
area...

it's all a bit of a fence sit at the moment here....
  • #266,324
  • Dec 13, 2010 2:19am Dec 13, 2010 2:19am
Quoting kaspopsicle
Electric Blue slightly more up to date.
I got all of his music
  • #266,325
  • Edited 2:59am Dec 13, 2010 2:45am | Edited 2:59am
Hi Guys.

4 hour parabolic sar broken through (went short after the second red candle (Heikin Ishi). Also divergence on the RSI and stochastics. Trade now at BE, see what happens.

Attached Image (click to enlarge)
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EDIT: Sorry BE+5. Something on a monday morning better than 0.
You've got to be IN IT to WIN IT!
  • #266,326
  • Dec 13, 2010 2:58am Dec 13, 2010 2:58am
Quoting Ifty
Hi Guys.

4 hour parabolic sar broken through (went short after the second red candle (Heikin Ishi). Also divergence on the RSI and stochastics. Trade now at BE, see what happens.

I did cash in @5744 we have PPI in half an hour.
If positive it could go up at least to 5800. Just imo.
  • #266,327
  • Dec 13, 2010 3:01am Dec 13, 2010 3:01am
Looks like another day of "elevator" trading - buy at the bottom floor, sell at the top floor. I'm long - reason - all time frames (4 hour, 8 hour and daily) are making higher highs and higher lows - Stop loss at 1.5650 - Target 1.5840. Good luck to all!
May the forex be with you |
  • #266,328
  • Dec 13, 2010 3:23am Dec 13, 2010 3:23am
Quoting FXFundi
Looks like another day of "elevator" trading - buy at the bottom floor, sell at the top floor. I'm long - reason - all time frames (4 hour, 8 hour and daily) are making higher highs and higher lows - Stop loss at 1.5650 - Target 1.5840. Good luck to all!
guess we wont know for a while till its printed on the left side of the chart but if someone dont push the stop button on the elevator soon there may be a new floor below with the 1st stop about 30 pips below your stp . The quarterly open gives way the quarterly pivot may be a decent tgt , sure there will be a few ups and downs before then tho , good luck all
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  • #266,329
  • Dec 13, 2010 3:27am Dec 13, 2010 3:27am
Master AbuAwad is waiting for TP


rgds,iqyu

Quoting Abu-Rami
Green Pips you all...
not euphoria follower
  • #266,330
  • Dec 13, 2010 3:27am Dec 13, 2010 3:27am
Look at the divergence between E/U and G/U. With this much of a selloff prior the the news release seems like somebody got some insider tips....
Annoying Precision
  • #266,331
  • Dec 13, 2010 3:33am Dec 13, 2010 3:33am
Quoting iqyu5an
Master AbuAwad is waiting for TP


rgds,iqyu
thanks
  • #266,332
  • Dec 13, 2010 3:35am Dec 13, 2010 3:35am
Quoting erikte279
Look at the divergence between E/U and G/U. With this much of a selloff prior the the news release seems like somebody got some insider tips....
Based on news, the elevator should start it's ride back to the top floor!
May the forex be with you |
  • #266,333
  • Edited 3:52am Dec 13, 2010 3:39am | Edited 3:52am
On the m1 time-frame, there's already a falling wedge which predicts small buys.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #266,334
  • Dec 13, 2010 3:42am Dec 13, 2010 3:42am
Quoting FXFundi
Based on news, the elevator should start it's ride back to the top floor!
i hope so .but ....... damn
A chart helps those who can read it.
  • #266,335
  • Dec 13, 2010 3:42am Dec 13, 2010 3:42am
i learnt alot from u abu...... long time ago why change your photo with logo

wassalam,iqyu

Quoting Abu-Rami
thanks
not euphoria follower
  • #266,336
  • Dec 13, 2010 3:47am Dec 13, 2010 3:47am
short gbp tp 1.5700
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  • #266,337
  • Dec 13, 2010 3:50am Dec 13, 2010 3:50am
Quoting gsantri

I did cash in @5744 we have PPI in half an hour.
If positive it could go up at least to 5800. Just imo.
this is weird correlation.. but this is cable lol..
pending orders canceled.
  • #266,338
  • Dec 13, 2010 3:59am Dec 13, 2010 3:59am
fundamentally should be long gbpusd.....price action still not confirming yet. should go to 1.5750 for a try... lets see
To Your Success!!
  • #266,339
  • Dec 13, 2010 4:00am Dec 13, 2010 4:00am
OK out with 57 pips lol. Ran out of patience. 30 minute oversold heavily and since I rely on RSI a lot, I will listen to it. Will wait for overbought on the 30 minute RSI to re-enter another short. Good start to Monday so happy.

Attached Image (click to enlarge)
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You've got to be IN IT to WIN IT!
  • #266,340
  • Dec 13, 2010 4:03am Dec 13, 2010 4:03am
Pending

Long @ 1.5755
SL @ 5 below current daily low (currently 1.5725)
TP @ 1.5815
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