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Cable Update (GBPUSD)

  • #274,561
  • Mar 22, 2011 11:19am Mar 22, 2011 11:19am
Quoting DARk TRAder
Hi all, this is my first message on this thread hello.....
Martingale works until it doesn't. That usually results in a balance of $0.
  • #274,562
  • Mar 22, 2011 11:50am Mar 22, 2011 11:50am
Quoting Mr.MaginCole
Anyone here who trades the 5EMA and 21EMA cross?
It predicted the rally well from 17th March (both on the H1 and H4) and still hasn't shown any exit signals for long positions? Whats your take guys?
However on the M15 it gets tricky....i've gotten a few dummies today.
5 and 21ma's on my chart. I like to take my entries before cross at S/R... and use the crosses as a confirmation to hold onto the trades.
  • #274,563
  • Mar 22, 2011 12:01pm Mar 22, 2011 12:01pm
Quoting DARk TRAder
It involves abit of money management and abit of martingale Cheers
Would totally agree with Low - don't martingale - learn to trade instead - it may work a couple of times but Market conditions change and you WILL get screwed
  • #274,564
  • Mar 22, 2011 1:42pm Mar 22, 2011 1:42pm
Quoting Mr.MaginCole
Anyone here who trades the 5EMA and 21EMA cross?
It predicted the rally well from 17th March (both on the H1 and H4) and still hasn't shown any exit signals for long positions? Whats your take guys?
However on the M15 it gets tricky....i've gotten a few dummies today.

i like everything concern with emas n smas
i never used these 2
very interesting!

tks for sharing
90% of traders use TA, indicators and prediction
  • #274,565
  • Mar 22, 2011 4:16pm Mar 22, 2011 4:16pm
That's the beauty of this system, if the price goes against you. More then 4 times then leave the Market and start again once the price is out of that range.. Have I got you interested yet?
  • #274,566
  • Mar 22, 2011 10:28pm Mar 22, 2011 10:28pm
  •  Sahil
  • | Joined Jan 2009 | Status: Options Trader - Commodities & FX | 24 Posts
Quoting mr.fibo
Be aware we are still in uptrend...
It is good time to short as the budget is not a pretty one this time and this should dent the up trend for the Pound. I am short from 16392.
  • #274,567
  • Mar 22, 2011 11:11pm Mar 22, 2011 11:11pm
Quoting Sahil
It is good time to short as the budget is not a pretty one this time and this should dent the up trend for the Pound. I am short from 16392.
short until 6340 might be good idea then it will rise. good luck
  • #274,568
  • Mar 23, 2011 12:40am Mar 23, 2011 12:40am
morning

I don't think the grandpas will vote anything today.
they're to concerned about lybia and japan to think straight

I guess it will be the same 306 number as the last time or 405 ??

we'll see in 2 h
  • #274,569
  • Mar 23, 2011 1:13am Mar 23, 2011 1:13am
Quoting mdrive
short until 6340 might be good idea then it will rise. good luck
I see the support but I don't know.... a 60 pip retrace on a 400 pip run, seems...not enough.
  • #274,570
  • Mar 23, 2011 1:51am Mar 23, 2011 1:51am
20 Lots Short @ 1.6360 SL 1.6425 TP-1.6280
To Your Success!!
  • #274,571
  • Mar 23, 2011 2:11am Mar 23, 2011 2:11am
come on payday!!!!!

Sigh, flat at 1.6320
Attached Image (click to enlarge)
Click to Enlarge Name: gbph1hcounter.gif Size: 10 KB
  • #274,572
  • Mar 23, 2011 2:15am Mar 23, 2011 2:15am
If it comes 6-0-3, it will com down right?
  • #274,573
  • Mar 23, 2011 2:24am Mar 23, 2011 2:24am
i'm holding my short Target 1.6280
  • #274,574
  • Mar 23, 2011 2:25am Mar 23, 2011 2:25am
Quoting MartinMyster
If it comes 6-0-3, it will com down right?
opposite it will go up

it means that 6 out of nine vote for an increase of the rate and it will shoot the GU to the sky

for now only 3 want the raise and 6 are against it
0 means that none wants to decrease it
  • #274,575
  • Mar 23, 2011 2:26am Mar 23, 2011 2:26am
I am holding on my long position. Every indicator points to Bullish!



Bullish confirm??
  • #274,576
  • Mar 23, 2011 2:27am Mar 23, 2011 2:27am
Sorry I wrote wrong, curernt it is 3-0-6, if it stays 3-0-6 , than it will go donw right?
  • #274,577
  • Mar 23, 2011 2:31am Mar 23, 2011 2:31am
DAMN I could have had the jackpot
  • #274,578
  • Mar 23, 2011 2:32am Mar 23, 2011 2:32am
Quoting Lordpip
i'm holding my short Target 1.6280
closed my short + 100 pips jackpot this morning
  • #274,579
  • Mar 23, 2011 2:34am Mar 23, 2011 2:34am
Quoting redbeben
I don't know why but I think I heard this some time ago from another member.

It's just a long view I have now but I might be wrong on the other hand.

And I don't think we will see the hike rate right now....this month.It might come in may but I might be wrong again.
Now I just see as I saw back then the overbought stochs and RSI and the ichi telling me to sell a bit and later on to buy again.

I repeat my long term TP is 1.67 and it will go there this year.maybe 1.70 as well but I am to lazy to check it now.

one step at a time.

Still my bigges...
I don't wanna say again ''I said so''

if you want to load longs you can start doing it now.eventhough I expect this retrace to end even lower at 1.617 at least and maybe 1.6050

as long as 1.5975 holds we will touch the 1.64 at least.
just give it some room to breathe for now.
  • #274,580
  • Mar 23, 2011 2:39am Mar 23, 2011 2:39am
Quoting redbeben
this is what I see for now on H4
for me it works the way I trade 100% of the times.......but I have a chaotic trading style so do not follow.use your own analysis with whaterver you can pick from my charts that you find interesting.

as I mentioned yesterday the flat line attracts the price
the price will bounce up and down untill we have all the crosses made starting with the smallest TFS to the big ones
now we aready have the cross on H1
in order for the H4 to form the price has to go up a bit as this is all about equilibrium
none of the lines cand go straight up or down.they will have to meet in the middle.
but the cross will be there.

and also have a look on GJ 128.5 here we come
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