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Cable Update (GBPUSD)

  • #270,541
  • Jan 31, 2011 8:20am Jan 31, 2011 8:20am
Im off for a while, Ive got alarms set if the price should move to specific levels so Im going to take a much needed break.
  • #270,542
  • Jan 31, 2011 8:21am Jan 31, 2011 8:21am
pending shorts started activation , ok gu so far ,may reach 5941 or more . eu little exaggerated this time .
lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #270,543
  • Jan 31, 2011 8:21am Jan 31, 2011 8:21am
Quoting rashygomez
doji just tells us there MIGHT be indecision. never trade it own its own.
Also, I can see that the price in GU has gone above the 200 day moving average... can anyone help me understand this whether if it goes up, the short term trend will change to uptrend?
  • #270,544
  • Jan 31, 2011 8:28am Jan 31, 2011 8:28am
Quoting veer2010
Also, I can see that the price in GU has gone above the 200 day moving average... can anyone help me understand this whether if it goes up, the short term trend will change to uptrend?
To be honest I don't really use the 200MA
  • #270,545
  • Jan 31, 2011 8:31am Jan 31, 2011 8:31am
Quoting chazzle
Selling this channel
Waiting for the wedge to break south expecting any PA 15950 area to be quickly sold into
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  • #270,546
  • Jan 31, 2011 8:39am Jan 31, 2011 8:39am
Quoting TauTrader
Good day to you,

Do not know if I am still allowed to post...

GU is in neutral territory. I'm Looking to find direction from EU to assist. EU is in last limbo back up, in my opinion. Bias remain short. I am again building a short on EU and may also take GU short - but for now - standing aside on GU.

EU - to me, is clearer. We may see a push to 1.3720 area... but I will load short from here ( 1.3695 - 1.3720). SL @ 1.3765 area. TP @ 1.3250

See you in a couple of days.

Regards and trade well
Ok,

Entries made...

SL moved down to 1.37350. Very tight...

Entries:

1.37155
1.37103
1.36956

Regards
  • #270,547
  • Jan 31, 2011 8:40am Jan 31, 2011 8:40am
Quoting veer2010
Also, I can see that the price in GU has gone above the 200 day moving average... can anyone help me understand this whether if it goes up, the short term trend will change to uptrend?

Basic rule of thumb is: above 200ema Long ,below Short. Many more elements should be taken into account.lol. ...pivs. ,fibs, S/R, above or below daily rollover..(.5.00 est) , daily LO( London open 8.00 gmt)etc. The 200 ema is a wonderfull indicator but as with all kittens should be handled with care.
This indicator is sensitive on all time frames ...your rr/mm decides which one you trade it on. If you are scalping lower time frames the M1 cross with the 20 ema is Magix.
All systems of divination, like music itself,work through patterns.
  • #270,548
  • Jan 31, 2011 8:43am Jan 31, 2011 8:43am
short
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Verily, in every difficulties there is relief
  • #270,549
  • Jan 31, 2011 8:49am Jan 31, 2011 8:49am
Quoting kaspopsicle
Basic rule of thumb is: above 200ema Long ,below Short. Many more elements should be taken into account.lol. ...pivs. ,fibs, S/R, above or below daily rollover..(.5.00 est) , daily LO( London open 8.00 gmt)etc. The 200 ema is a wonderfull indicator but as with all kittens should be handled with care.
Even then , the price is above 200 ema.. so how do we trade this? do we go long now?
  • #270,550
  • Jan 31, 2011 8:56am Jan 31, 2011 8:56am
You can now start shorting from 1.5945 to 1.5960

regards
  • #270,551
  • Jan 31, 2011 8:57am Jan 31, 2011 8:57am
Quoting primzvicious
short
ouch that was fast
Verily, in every difficulties there is relief
  • #270,552
  • Jan 31, 2011 8:59am Jan 31, 2011 8:59am
Quoting TauTrader
You can now start shorting from 1.5945 to 1.5960

regards
i draw wrong triangle and stupid sl too
Verily, in every difficulties there is relief
  • #270,553
  • Jan 31, 2011 9:00am Jan 31, 2011 9:00am
Quoting primzvicious
ouch that was fast
lol
  • #270,554
  • Jan 31, 2011 9:01am Jan 31, 2011 9:01am
Quoting rashygomez
lol
actually i shouldn't laugh.
  • #270,555
  • Jan 31, 2011 9:02am Jan 31, 2011 9:02am
Quoting veer2010
Even then , the price is above 200 ema.. so how do we trade this? do we go long now?
Above the 200 on all tfs from the daily and below.

You have to set the tfs that are your foundation and
entries and from there what your r/r will be and the
drawdown you are willing to absorb.

You're late to the feast if you are thinking of going
long on lower tfs. Here's a 5M compression pattern
that signaled a trade opportunity.

Dr. D.
Attached Image
  • #270,556
  • Jan 31, 2011 9:03am Jan 31, 2011 9:03am
Quoting rashygomez
lol
Verily, in every difficulties there is relief
  • #270,557
  • Jan 31, 2011 9:07am Jan 31, 2011 9:07am
Quoting veer2010
Even then , the price is above 200 ema.. so how do we trade this? do we go long now?
I am not in the business of telling someone how to trade can only offer my limited technical knowledge.
However...RI (daily resistance) at 15943. has been breached..DTL from 18 jan still being respected... resistance here at 15668 confluence with static resistance ( horizontal line)
Your questions have not included whether you are intraday medium or long term... Any answer would therefore be irrelevant.
Now what was that about rule of thumb.?
All systems of divination, like music itself,work through patterns.
  • #270,558
  • Jan 31, 2011 9:07am Jan 31, 2011 9:07am
Quoting primzvicious
i draw wrong triangle and stupid sl too
Buddy,

There is no right. No wrong....

You analyzed what you thought true at the time. Reacted accordingly. No problem.

I am doing exactly what you are doing. entering trades based on information available to me. Be it a 200 EMA, be it a cross of some sort.. Whatever.

We can only anticipate.

If wrong, so be it. It really does not matter how many times you are right. It matters that you cut your wrongs early enough, and gain on your rights - more than you have cut on your wrongs...

Simple...

Yeah right

Regards
  • #270,559
  • Jan 31, 2011 9:10am Jan 31, 2011 9:10am
No time to read unread post,
1, 2, 4, 8 hours MACD CROSSED.
How to do sell and expect FIbo23.6?
  • #270,560
  • Jan 31, 2011 9:11am Jan 31, 2011 9:11am
Quoting TauTrader
You can now start shorting from 1.5945 to 1.5960

regards
i am expected it to shoot up to 1.5973 and i am still waiting am i too greedy

1,5,15,30mins bars RSI >70-74
60minRSI~69.5
2hours RSI ~65
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