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Cable Update (GBPUSD)

  • #267,121
  • Dec 22, 2010 3:47am Dec 22, 2010 3:47am
Nice double bullish divergence play on 1min with bullish hammer close trigger on that data react...Even the 5min candle close bullishly engulfed the previous 5 x candles on it's own t/f.

Shortt lived relief rally or more upside ?

G/L

http://www.easy-upload.net/fichiers/...0122210473.gif
ex member
  • #267,122
  • Dec 22, 2010 3:57am Dec 22, 2010 3:57am
This might be strange to all of you because I'm having a LONG bias, Reason: because I'm long lol
  • #267,123
  • Dec 22, 2010 4:08am Dec 22, 2010 4:08am
Quoting Ifty
Took a chance on the spike as the 5 min RSI & stochastics were in overbought area. As soon as the 200 day MA is reached or the stochastics points down, I wil exit.

Attachment
Moved SL to BE so safe for now. The 15 min & 30 min stochastics are now pointing up so deciding to just stay in a bit longer. Might get stopped out (hope not) but feel like giving it a go to see maybe 1.55 or higher.
You've got to be IN IT to WIN IT!
  • #267,124
  • Dec 22, 2010 4:17am Dec 22, 2010 4:17am
Quoting Ifty
Moved SL to BE so safe for now. The 15 min & 30 min stochastics are now pointing up so deciding to just stay in a bit longer. Might get stopped out (hope not) but feel like giving it a go to see maybe 1.55 or higher.

G/L with the target...I took profit as it hit the 61.8% of the current daily hi-lo, from my 1min entry...also no pre-identified potential support factors at the current Lo for me per my methodology although clearly there was demand there...maybe just a stop run on yesterday's Lo ?

G/L
ex member
  • #267,125
  • Dec 22, 2010 4:29am Dec 22, 2010 4:29am
Nice one MAC that was a great place to exit. As well as the 61.8% I also have my 200 day MA (red line) there as well. If the price drops below 1.5450 then I will quickly exit. I do have a habit of giving pips backs unfortunately ......... wait wait OK I am out here at 1.5449 ... oh well.
You've got to be IN IT to WIN IT!
  • #267,126
  • Dec 22, 2010 4:38am Dec 22, 2010 4:38am
I am a plonker for not being patient and also not taking advantage of my stress-free BE position. Oh well profit in december is profit in december .
You've got to be IN IT to WIN IT!
  • #267,127
  • Dec 22, 2010 4:43am Dec 22, 2010 4:43am
Quoting Ifty
I am a plonker for not being patient and also not taking advantage of my stress-free BE position. Oh well profit in december is profit in december .
Had I seen the patterns of bullish divergence extending to the 1hr t/f and the 1hr pinbar candle close I might have been tempted to hold myself for a bigger target with stop at b/e-always difficult to say what you would have done in retrospect...oh well, didn't see them in time...

Finishing here.

G/L

http://www.easy-upload.net/fichiers/...1222114253.gif
ex member
  • #267,128
  • Edited 5:04am Dec 22, 2010 4:48am | Edited 5:04am
Quoting bbmac
Had I seen the patterns of bullish divergence extending to the 1hr t/f and the 1hr pinbar candle close I might have been tempted to hold myself for a bigger target with stop at b/e-always difficult to say what you would have done in retrospect...oh well, didn't see them in time...

Finishing here.

G/L

http://www.easy-upload.net/fichiers/...1222114253.gif
Very true bro. Plenty of opportunities so maybe next time. Incase I don't get to say it, wishing you a great Christmas Mac and all the best for 2011....
And to everyone else on FF.
You've got to be IN IT to WIN IT!
  • #267,129
  • Dec 22, 2010 5:13am Dec 22, 2010 5:13am
G/U still has an appointment with 1.5350. Place entry at 1.5506 n 1.5475 T.P 1.5350. My view......
  • #267,130
  • Dec 22, 2010 5:22am Dec 22, 2010 5:22am
GU is so strong down trend,,

but it seemed restrained by the support that is strong enough, so make GU today tend to be flat,,,

if GU can break out the support, GU will continue strong bearish, if not, GU can pull back, and 1.55** coming soon,,
Attached Image (click to enlarge)
Click to Enlarge Name: 27.png Size: 14 KB
only an analysis, and I'm always wrong, don't follow me,
  • #267,131
  • Edited 5:55am Dec 22, 2010 5:40am | Edited 5:55am
Quoting bbmac
Had I seen the patterns of bullish divergence extending to the 1hr t/f and the 1hr pinbar candle close I might have been tempted to hold myself for a bigger target with stop at b/e-always difficult to say what you would have done in retrospect...oh well, didn't see them in time...

Finishing here.

G/L

http://www.easy-upload.net/fichiers/...1222114253.gif
even post divergent convergent every day, plus so many vouch that you have, well, you looks like start your first trading yesterday...so sorry dude, i think you should read again about div/conv,.. i see that you still follow your heart to say that's dive/conv...,
your first line (red) bullish divergent is wrong, and the second one is not forming yet,...

i add this cos i can't post a chart,

for you that want to see div/con, put stochastic on your 1 chart :

1: hidden bearish div : stochastik 14:3:3
2, bearish div : stochastik 5:3:3

if you take swing that already to 'old' sure you could see so many div/conv,, div/con is compared from "swing to last swing", not to last last last swing...know that?



ps: i say you wrong doesn't mean it can't go up, it's about div/conv.
I will be the number one Manager.
  • #267,132
  • Dec 22, 2010 6:09am Dec 22, 2010 6:09am
we should see some rally now, otherwise we are breaking the 200ma
  • #267,133
  • Dec 22, 2010 6:11am Dec 22, 2010 6:11am
Good day to you,

Tension building in the ranks. Typical behaviour when we have Sh*tty Price Action.

Go have a meal and come back relaxed.

regards
Attached Image
  • #267,134
  • Dec 22, 2010 6:19am Dec 22, 2010 6:19am
[quote=dploycapital;4258972]http://www.google.ae/imgres?imgurl=h...w=1280&bih=933intraday...

For Further detail please contact:
www.dcapforex.com[quote]

Are you promoting something here ?
  • #267,135
  • Dec 22, 2010 6:33am Dec 22, 2010 6:33am
[quote=gsantri;4259006]
Quoting dploycapital
http://www.google.ae/imgres?imgurl=h...w=1280&bih=933intraday......
Good day to you,

Yip - Magix will have to press some buttons. Advertising broker. And guess what - the posts say absolutely zero. All either or scanarios. If this then that - if that, then this.

And I have a sixpack.

Regards
Attached Image
  • #267,136
  • Dec 22, 2010 6:56am Dec 22, 2010 6:56am
[quote=TauTrader;4259021]
Quoting gsantri

Good day to you,

Yip - Magix will have to press some buttons. Advertising broker. And guess what - the posts say absolutely zero. All either or scanarios. If this then that - if that, then this.

And I have a sixpack.

Regards
Greetings Mr.TT,

Report submitted.

Hey I like your dance..
  • #267,137
  • Dec 22, 2010 7:04am Dec 22, 2010 7:04am
[quote=gsantri;4259047]
Quoting TauTrader

Greetings Mr.TT,

Report submitted.

Hey I like your dance..
Good day to you, Mr.G

It's not a dance.... I'm trying to push GU through the low of last week @ 1.5453 - wanna TP @ 1.5425.

But tough as nails.

Regards
  • #267,138
  • Dec 22, 2010 7:14am Dec 22, 2010 7:14am
Give it to me baby!!!!!!!
  • #267,139
  • Dec 22, 2010 7:30am Dec 22, 2010 7:30am
[quote=TauTrader;4259057]
Quoting gsantri

Good day to you, Mr.G

It's not a dance.... I'm trying to push GU through the low of last week @ 1.5453 - wanna TP @ 1.5425.

But tough as nails.

Regards
Lol

EU is lot easier to push and AU has a better RR now imo
  • #267,140
  • Dec 22, 2010 7:45am Dec 22, 2010 7:45am
[quote=gsantri;4259115]
Quoting TauTrader

Lol

EU is lot easier to push and AU has a better RR now imo
Good day to you,

I got my pips on GU. Exited @ 1.5430. May look to long EU back to 1.3180 in the next 15 minutes. Will see..

Wish you all success

Regards
Attached Image (click to enlarge)
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