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Cable Update (GBPUSD)

  • #267,541
  • Dec 29, 2010 3:13am Dec 29, 2010 3:13am
Quoting vosterfxandy
not too sure about this long guys.
are you long and not sure about it , VFX?
  • #267,542
  • Dec 29, 2010 3:26am Dec 29, 2010 3:26am
Quoting chazzle
are you long and not sure about it , VFX?
are u always sure with your position ? if yes ..... why u use SL and mm .

rgds,iqyu
not euphoria follower
  • #267,543
  • Dec 29, 2010 3:35am Dec 29, 2010 3:35am
GBP/USD break of 1.5357 support indicates that recent decline has resumed. Intraday bias is back on the downside and further fall should be seen to 1.5296 support retracement of 1.4230 to 1.6298 at 1.5264.
Attached Image
  • #267,544
  • Dec 29, 2010 3:44am Dec 29, 2010 3:44am
Quoting iqyu5an
are u always sure with your position ? if yes ..... why u use SL and mm .

rgds,iqyu
I'm just inviting VFX to expand upon his statement IQY , to explain his lack of surety and to be a bit more specific - is he unsure of a long for 10 pips , 100 pips , 1000 pips?

I am not sure that my trade will hit TP , but I am confident enough in my trade because its based on my own analysis and MM

regards to you too
  • #267,545
  • Dec 29, 2010 3:49am Dec 29, 2010 3:49am
Quoting chazzle

The long is still on ... RR 1:2.5
Cutting this trade @ 40% of the TP which makes RR 1:1 - possible H&S forming on M15 - price not looking too strong @ EMA20
  • #267,546
  • Dec 29, 2010 3:50am Dec 29, 2010 3:50am
Quoting chazzle
I'm just inviting VFX to expand upon his statement IQY , to explain his lack of surety and to be a bit more specific - is he unsure of a long for 10 pips , 100 pips , 1000 pips?

I am not sure that my trade will hit TP , but I am confident enough in my trade because its based on my own analysis and MM

regards to you too

correct ....

rgds,iqyu
not euphoria follower
  • #267,547
  • Dec 29, 2010 3:59am Dec 29, 2010 3:59am
Quoting iqyu5an
are u always sure with your position ? if yes ..... why u use SL and mm .

rgds,iqyu
Hi Iq, do you use SL and mm?...or were you merely saying that nothing is sure with Forex ?...
All systems of divination, like music itself,work through patterns.
  • #267,548
  • Dec 29, 2010 4:05am Dec 29, 2010 4:05am
Quoting chazzle
Well - would you believe it? Price gets to 80% of my TP and then retreats back to BE while I am asleep. Things like that hardly ever happen in FX do they?

The long is still on ... RR 1:2.5
i hope the long is not on, im short at 1.5407 with a t/p at 1.5240
  • #267,549
  • Dec 29, 2010 4:25am Dec 29, 2010 4:25am
The price looks to be channeling between R/O and LO...!5387/15365. very tight channel imho. Data release on CHF 10.30 gmt could be reason for apparent consolidation. 7 mins to go. Dont know why this chart is dated 28 Dec. Sorry if my charts are out of synch.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (28-DEC-10).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #267,550
  • Dec 29, 2010 4:39am Dec 29, 2010 4:39am
Well..that data didnt seem to make a blind bit of difference. i'm on the sidelines waiting for a break...either way. lol
All systems of divination, like music itself,work through patterns.
  • #267,551
  • Dec 29, 2010 4:48am Dec 29, 2010 4:48am
Quoting PoundTrader
i hope the long is not on, im short at 1.5407 with a t/p at 1.5240
Hi PoundTrader,

If i had your short trade on, i would cover it should the current 1hr bar close green.
  • #267,552
  • Dec 29, 2010 4:57am Dec 29, 2010 4:57am
If price closes above this m15 TL, its very possible to test the hi and maybe even further. If price holds above the hi, then 5510 is possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 8 KB
  • #267,553
  • Dec 29, 2010 5:01am Dec 29, 2010 5:01am
Quoting sunshine
Hi PoundTrader,

If i had your short trade on, i would cover it should the current 1hr bar close green.
i havent seen a strong uptrend yet, so will be holding, thanks for the advice.
  • #267,554
  • Dec 29, 2010 5:03am Dec 29, 2010 5:03am
BTW, what happen to this thread is it dying out or what?
  • #267,555
  • Dec 29, 2010 5:04am Dec 29, 2010 5:04am
Quoting PoundTrader
BTW, what happen to this thread is it dying out or what?
Its pretty dead. LOL
  • #267,556
  • Dec 29, 2010 5:11am Dec 29, 2010 5:11am
Quoting PipChick
Its pretty dead. LOL
this thread use to be jumping before i became a member, could it be me LMAO.
  • #267,557
  • Dec 29, 2010 5:13am Dec 29, 2010 5:13am
Quoting sunshine
Hi PoundTrader,

If i had your short trade on, i would cover it should the current 1hr bar close green.
short is still looking good, might take a little time before i see 1.5240 if it get there at all. no signs of a uptrend yet.
  • #267,558
  • Dec 29, 2010 5:13am Dec 29, 2010 5:13am
Quoting PoundTrader
this thread use to be jumping before i became a member, could it be me LMAO.
Me too.. what does LMAO mean?
All systems of divination, like music itself,work through patterns.
  • #267,559
  • Dec 29, 2010 5:16am Dec 29, 2010 5:16am
Quoting PoundTrader
this thread use to be jumping before i became a member, could it be me LMAO.
Everyone is hanging out at the EU house of pain.lol
  • #267,560
  • Dec 29, 2010 5:19am Dec 29, 2010 5:19am
Quoting PipChick
If price closes above this m15 TL, its very possible to test the hi and maybe even further. If price holds above the hi, then 5510 is possible.
I see, that's neckline and target of H1 double bottom (W).

but I prefer to re-enter short @ 5406
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