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Cable Update (GBPUSD)

  • #274,701
  • Mar 25, 2011 1:28am Mar 25, 2011 1:28am
Quoting mofu.dnewbie
went long @ 1.6113. S.l 30pips. T.p the sky. Hope i'm right
s.l moved to 1.6099 t.p 1.6440
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #274,702
  • Mar 25, 2011 1:47am Mar 25, 2011 1:47am
Quoting MartinMyster
Goodmorning to ya all. Well it is 10 am here. and 8 am in London. Daily FX says selelrs will test 1.6 what are you thoughts?
we'll see the 1.6060-40 as minimum

but that's my opinion so don't follow
  • #274,703
  • Mar 25, 2011 1:51am Mar 25, 2011 1:51am
Quoting redbeben
we'll see the 1.6060-40 as minimum

but that's my opinion so don't follow

Well 1.6050 is the S1 (EST) , so it is a possiblity.
  • #274,704
  • Mar 25, 2011 1:51am Mar 25, 2011 1:51am
will channel say like this.. selling is strong and will goes until next support..
Attached Image
Artist lead and hacks ask for a show of hands.
  • #274,705
  • Mar 25, 2011 2:01am Mar 25, 2011 2:01am
Quoting al_yaqen
will channel say like this.. selling is strong and will goes until next support..

nice contribution..thanks
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  • #274,706
  • Mar 25, 2011 2:04am Mar 25, 2011 2:04am
Quoting kaspopsicle
Trying to correlate my chart to yours...my borker S3 pivot is at 16017 which is support on RTL. Times like these i'm happy to be a scalper off of the faster time frames..lol...but its always good to find direction off of the highers...Thanks Nav. I've learned something here.
trendlines are good to find extreme swings..i take it all with a pinch of salt really..but i think the value comes with confluence for example it mayy fall with a support or resistance area

then i give it some weight
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  • #274,707
  • Mar 25, 2011 2:12am Mar 25, 2011 2:12am
Quoting redbeben
we'll see the 1.6060-40 as minimum

but that's my opinion so don't follow
ok 1.6060 touched and pierced wating for 1.6045 now
  • #274,708
  • Mar 25, 2011 2:12am Mar 25, 2011 2:12am
Quoting mofu.Dnewbie
s.l moved to 1.6099 t.p 1.6440
i can see why they call u "cobra" - u seem to like attacking, the dailly trend
  • #274,709
  • Mar 25, 2011 2:14am Mar 25, 2011 2:14am
Quoting redbeben
ok 1.6060 touched and pierced wating for 1.6045 now

we 90% gonna test 1.60..but id say break it too..have to cause thats where all the stops are..dont be hunted, hunt
  • #274,710
  • Mar 25, 2011 2:17am Mar 25, 2011 2:17am
I have my long stop at 1.5924. I'm hedging it but should I close it now, or wait to see if it'll hit? :S
  • #274,711
  • Mar 25, 2011 2:18am Mar 25, 2011 2:18am
Quoting nAVIN2007
we 90% gonna test 1.60..but id say break it too..have to cause thats where all the stops are..dont be hunted, hunt
you might be right but I am conservative and go out at 1.604X with most of my shorts.I will only keept open to some 1.6015 the ones with te higher profit and close them manually

Longs loaded on the way down .Will load some more down the bottom

TP for longs 1.6410
  • #274,712
  • Mar 25, 2011 2:24am Mar 25, 2011 2:24am
im confused...this is the 3rd day with cable dropping, so arent most people now short? i understand cable has support at 100day ema and been tested three times in the past at 1.5985...after a 325 pip drop, what longs are left in the market to be targeted? shouldnt we be thinking of now going long?
  • #274,713
  • Mar 25, 2011 2:25am Mar 25, 2011 2:25am
Morning all,with this PA we could be on the way to 1.5985, just my 2,345 cents.
  • #274,714
  • Mar 25, 2011 2:33am Mar 25, 2011 2:33am
Quoting monkey@forex
im confused...this is the 3rd day with cable dropping, so arent most people now short? i understand cable has support at 100day ema and been tested three times in the past at 1.5985...after a 325 pip drop, what longs are left in the market to be targeted? shouldnt we be thinking of now going long?
Hi friend, let me try to make you in comfort.

Market move base on supply and demand, supply and demand move follow by trader, trader move follow by technical, technical move follow by fundamental.

Ok to answer your question why most people now in selling mode ?

Now move your chart into weekly timeframe. Gu now are going inside triangle. can you see previous candle seem like they do correction, there is no trend. until the price peak at certain clause.

After price was peak, people are worried to buy, especially bank, commodity trader and retail trader. You must observe about the trend. Yes market is fluctuate because that is the heart beat.

EMA SMA, EW, Stochastic, Trendline and so on is just to guide you how to surf in market, but you cannot control the market. if they want to go up let it go, if the want to bear let it be..

than you.
Artist lead and hacks ask for a show of hands.
  • #274,715
  • Mar 25, 2011 2:33am Mar 25, 2011 2:33am
Quoting nAVIN2007
i can see why they call u "cobra" - u seem to like attacking, the dailly trend
lost 13pips.
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #274,716
  • Mar 25, 2011 2:34am Mar 25, 2011 2:34am
Quoting redbeben
you might be right but I am conservative and go out at 1.604X with most of my shorts.I will only keept open to some 1.6015 the ones with te higher profit and close them manually

Longs loaded on the way down .Will load some more down the bottom

TP for longs 1.6410

i can understand yur reasoning..certainly not a dead give away..lets see
  • #274,717
  • Mar 25, 2011 2:36am Mar 25, 2011 2:36am
Quoting al_yaqen
Hi friend, let me try to make you in comfort.

Market move base on supply and demand, supply and demand move follow by trader, trader move follow by technical, technical move follow by fundamental.

Ok to answer your question why most people now in selling mode ?

Now move your chart into weekly timeframe. Gu now are going inside triangle. can you see previous candle seem like they do correction, there is no trend. until the price peak at certain clause.

After price was peak, people are worried to buy, especially bank, commodity trader and retail...
plz post chart of traingle? ..thanks buddy
  • #274,718
  • Mar 25, 2011 2:43am Mar 25, 2011 2:43am
Quoting nAVIN2007
i can understand yur reasoning..certainly not a dead give away..lets see
  • #274,719
  • Mar 25, 2011 2:44am Mar 25, 2011 2:44am
I was describing the other day a set-up involving double bottom of price , stochastics being oversold , while remaining in an up-trend - the set-up is occuring now , so I put my money where my mouth is and go with it - long 16075 - very near the TL now
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  • #274,720
  • Mar 25, 2011 2:46am Mar 25, 2011 2:46am
long again at 1.6081. reason(itchy fingers)
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