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Cable Update (GBPUSD)

  • #266,421
  • Dec 13, 2010 8:18pm Dec 13, 2010 8:18pm
Quoting gsantri
Good morning Chaz,
I kind of confuse determining the neck line, maybe too early for me... and i think you're not scalping it on D1 are you? Just a thought. Good luck.

Regards

EDIT: And we have all Pivot point below from daily to monthly. it scary me lol
neckline is parallel to shoulder line - and not a scalp this one , no - although could give the bias to scalp all the way down lol
  • #266,422
  • Dec 13, 2010 8:33pm Dec 13, 2010 8:33pm
Quoting chazzle
neckline is parallel to shoulder line - and not a scalp this one , no - although could give the bias to scalp all the way down lol
Yes buddy, on every move. I have these levels 1.5878-62-48-38-20-11-02..

But got something else to do, so I'm signing off now.
See u at LO. Good luck with your trade.
  • #266,423
  • Dec 13, 2010 8:36pm Dec 13, 2010 8:36pm
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  • #266,424
  • Dec 13, 2010 8:44pm Dec 13, 2010 8:44pm
Well traders , I will be watching the 1.5830 level as it seems to have been the line in the sand to attain some more topside , a pull back to there abouts will look and see how its acting for a long entry on the retest of tht area , everyone should have a daily pivot point somewhere in tht area , good luck all
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  • #266,425
  • Dec 13, 2010 9:20pm Dec 13, 2010 9:20pm
Also note the 50% fibo at 5808. The 5787-5808 range is where I would start looking for a long, if I were so inclined. That 50% fibo would also be right around the touch/retest of the descending D1 channel top that we just ripped through, as well as just above today's open, which is a common retracement level when you are looking at the kind of PA we are seeing lately. 5864 is looking pretty weak, although a spike up is certainly possible! Usually you get a deep retracement when PA is weak after a big move. And... we are at the top of a daily ascending channel, showing weakness. We've been straddling the midline & top, are we setting up for a test of the bottom of the channel in the 5650 area???

Quoting digger1
Well traders , I will be watching the 1.5830 level as it seems to have been the line in the sand to attain some more topside , a pull back to there abouts will look and see how its acting for a long entry on the retest of tht area , everyone should have a daily pivot point somewhere in tht area , good luck all Attachment
  • #266,426
  • Edited Dec 14, 2010 7:10pm Dec 13, 2010 9:21pm | Edited Dec 14, 2010 7:10pm
Down about 1.5800-20... and going up
Pending Buy on 1.5820 and t/p 1.5940 ...
  • #266,427
  • Dec 13, 2010 10:09pm Dec 13, 2010 10:09pm
Quoting RealPips
Also note the 50% fibo at 5808. The 5787-5808 range is where I would start looking for a long, if I were so inclined. That 50% fibo would also be right around the touch/retest of the descending D1 channel top that we just ripped through, as well as just above today's open, which is a common retracement level when you are looking at the kind of PA we are seeing lately. 5864 is looking pretty weak, although a spike up is certainly possible! Usually you get a deep retracement when PA is weak after a big move. And... we are at the top of a daily ascending...
just a question , when you say pa is looking weak or strong , does this pa look strong in your opinion ?
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  • #266,428
  • Dec 14, 2010 12:41am Dec 14, 2010 12:41am
Trade safe...
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  • #266,429
  • Edited 7:10pm Dec 14, 2010 1:34am | Edited 7:10pm
the beauty of snake...
going down and up again....
  • #266,430
  • Dec 14, 2010 2:11am Dec 14, 2010 2:11am
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  • #266,431
  • Dec 14, 2010 2:18am Dec 14, 2010 2:18am
Quoting Lazar83
I am selling it from 1.5887 with a Sl of 25 pips will move BE at 20 pips of profit with 50 pips tp ! today was a heck a good ride !
Hit the Sl wall damn it
Help to be helped.
  • #266,432
  • Dec 14, 2010 2:23am Dec 14, 2010 2:23am
Quoting ariadrianto
the beauty of snake...
going down and up again....
Um, hey dude...

Aren't you like 70 pips underwater with your trade?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,433
  • Dec 14, 2010 2:28am Dec 14, 2010 2:28am
23.6 ext that time...

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  • #266,434
  • Dec 14, 2010 2:38am Dec 14, 2010 2:38am
Quoting Magix
Um, hey dude...

Aren't you like 70 pips underwater with your trade?
lol, depends if you are following the head or the tail
  • #266,435
  • Dec 14, 2010 2:40am Dec 14, 2010 2:40am
I would say that chart had a strong upmove with a weak correction that may be running out of steam and is having a hard time breaking the resistance at 6300 that turned long term support. What pair is that?

Seems like cable is having the same problem breaking 5900, although it sure looks like it wants to.

Quoting digger1
just a question , when you say pa is looking weak or strong , does this pa look strong in your opinion ? Attachment
  • #266,436
  • Dec 14, 2010 2:43am Dec 14, 2010 2:43am
Quoting RealPips
I would say that chart had a strong upmove with a weak correction that may be running out of steam and is having a hard time breaking the resistance at 6300 that turned long term support. What pair is that?

Seems like cable is having the same problem breaking 5900, although it sure looks like it wants to.
lol, tht is cable only upside down , thts why I was asking you the definition of weakness , they both cant be weak , least you are seeing things the same way wether upside down or right side up .
  • #266,437
  • Dec 14, 2010 2:46am Dec 14, 2010 2:46am
Quoting digger1
lol, depends if you are following the head or the tail
Dunno dig...that's just what it looked like to me...

So, either he is completely full of shit...

Or

He completely disregards his fancy indicator...

Call it a pre-emptive strike or something I guess....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,438
  • Dec 14, 2010 2:49am Dec 14, 2010 2:49am
Quoting Magix
Dunno dig...that's just what it looked like to me...

So, either he is completely full of shit...

Or

He completely disregards his fancy indicator...

Call it a pre-emptive strike or something I guess....
I hear you brother.
  • #266,439
  • Dec 14, 2010 2:55am Dec 14, 2010 2:55am
Quoting digger1
I hear you brother.
Well, maybe it's like this, he is happy it works...no sense crying over spilled milk, trades underwater, sunken ships.....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,440
  • Edited 3:39am Dec 14, 2010 3:29am | Edited 3:39am
Hi Guys, flat at the moment. PSAR not broken yet but also not enough power to go down so waiting. Maybe look around the 61.8% of daily at 1.5986 (or around the yellow box region) to short, not sure yet. Remember the 1.60 is a big round number so quite important.

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EDITED: I meant 1.5986. That sauna+steam has really cooked me yesterday. Feel lazy as hell.
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