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Cable Update (GBPUSD)

  • #274,761
  • Mar 25, 2011 9:06am Mar 25, 2011 9:06am
what important level in aussie was cleared? was it 1.0200?
  • #274,762
  • Mar 25, 2011 9:08am Mar 25, 2011 9:08am
cable...are we still targeting 1.5980...although 1.6 seems bloody miles away at the moment...it tested the trendline but on hourly still ended up above it and is still in the triangle you were all talking about earlier
  • #274,763
  • Mar 25, 2011 9:14am Mar 25, 2011 9:14am
Quoting monkey@forex
what important level in aussie was cleared? was it 1.0200?
Yip,

Correct.

Regards
  • #274,764
  • Mar 25, 2011 9:29am Mar 25, 2011 9:29am
Quoting TauTrader
Good day to you, Mr.N

That is exactly why I am selling this martherfarger.

My signal is in place for a little short. We have broken a very important level earlier - we have to come back to clear.( I think)

So- guns now blazing. 4 positions short with a little 20 pip target on each of them.

Will see

Regards
I think im gonna short that mofo hard next week assuming I get a signal..

edit:- GU broke wind south
sometimes i miss trade lately because it seems too obvious and i think theres a trap..is this the case or am i just getting better?..
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  • #274,765
  • Mar 25, 2011 9:40am Mar 25, 2011 9:40am
Quoting nAVIN2007
I think im gonna short that mofo hard next week assuming I get a signal..

edit:- GU broke wind south
Good day to you,

Yip - banked my profit on AU. Gu I am not currently trading, as my charts are mixed ( according to my personal view)...

GU in itself has been a difficult pair to pinpoint. Will wait for a clear view. Patience.

Regards
  • #274,766
  • Mar 25, 2011 9:46am Mar 25, 2011 9:46am
Quoting TauTrader
Good day to you,

Yip - banked my profit on AU. Gu I am not currently trading, as my charts are mixed ( according to my personal view)...

GU in itself has been a difficult pair to pinpoint. Will wait for a clear view. Patience.

Regards
yes very true...short is on thou on audusd..and a big one too..
basically short everything against the dollar only one problem can that mofo actuallly go up is the question..GU is right where id expect it for the close, next to 1.6

leaving us all guessing..
good to converse and exchange views as always, my brother from another mother
  • #274,767
  • Mar 25, 2011 10:22am Mar 25, 2011 10:22am
At the week's end here is where we sit....Targeting short....
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  • #274,768
  • Mar 25, 2011 11:26am Mar 25, 2011 11:26am
GU still will keep going down,There's no buy signal yet...be careful mate
  • #274,769
  • Mar 25, 2011 11:38am Mar 25, 2011 11:38am
Good day to you,

Scalp long again. Just for a couple. Extreme reached according to my rules. Bitta pullback first. 5 positions open long - all in profit already....

But no serious target - will take what comes my way. 10 pips on each and I am cruising..

Regards
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  • #274,770
  • Mar 25, 2011 12:03pm Mar 25, 2011 12:03pm
Quoting redbeben
let me make a calculation here

I want 1.6045 which means real value on the chart 1.6039....I guess this will be the limit or even 1.6034 on the charts.

I have to do this conversion as I use charts from one broker....deals placed on another ) hence my ultraconservative trading style )


it's curious how greedy I am
I set the first TP if you remember at 1.6170 and a second one at 1.6060

second one touched but I still want the bottom....I might be spanked here but I don't care....I still have the GJ shorts to go sooner or later to 128.50...

ok so my shorts are now closed.waiting for 1.64 now.....does not matter if I have to wait 1-2 weeks or 1-2 months it will come for sure
loaded longs all the way down and now just sit and wait.
  • #274,771
  • Mar 25, 2011 12:06pm Mar 25, 2011 12:06pm
Quoting redbeben
ok so my shorts are now closed.waiting for 1.64 now.....does not matter if I have to wait 1-2 weeks or 1-2 months it will come for sure
loaded longs all the way down and now just sit and wait.
Hi redbeben, what's your S/L? Mine is 1.5924. wondering if that's enough, this down move was so strong.
  • #274,772
  • Mar 25, 2011 12:16pm Mar 25, 2011 12:16pm
Quoting bman204
Hi redbeben, what's your S/L? Mine is 1.5924. wondering if that's enough, this down move was so strong.
I'm afraid I cannot give you any advice in this matter as mine is far far away at 1.57 and if I get close to this level I will move it even lower than that.

the reason I have such a big SL is that this is the way I trade as I preffer the long term trading to the scalping and day trading.
I base my SL on ichi and so far I never had problems as long as I kept my MM in good shape

but i might be wrong here.

it's all up to the lybia war and stuff I guess.

I mean I expect a pull back starting now but not higher than 1.62 for now.if we brake that one we will touch the sky

on the other hand I still have shorts on GJ and still waiting to drop another 200 pips from this point but again there is the smell of a pull back on that


so.....keep an eye on it
  • #274,773
  • Mar 25, 2011 12:32pm Mar 25, 2011 12:32pm
Quoting redbeben
I'm afraid I cannot give you any advice in this matter as mine is far far away at 1.57 and if I get close to this level I will move it even lower than that.

the reason I have such a big SL is that this is the way I trade as I preffer the long term trading to the scalping and day trading.
I base my SL on ichi and so far I never had problems as long as I kept my MM in good shape

but i might be wrong here.

it's all up to the lybia war and stuff I guess.

I mean I expect a pull back starting now but not higher than 1.62 for now.if we brake that...
Thanks for the info red. I just have 1 more quick question. Besides the break in the trendline what other indications suggest a pull back? I'm quite new at this. Also, if the line is broken wouldn't that suggest longer term bear movement on the pound/usd?
  • #274,774
  • Mar 25, 2011 12:32pm Mar 25, 2011 12:32pm
Quoting redbeben
I'm afraid I cannot give you any advice in this matter as mine is far far away at 1.57 and if I get close to this level I will move it even lower than that.

the reason I have such a big SL is that this is the way I trade as I preffer the long term trading to the scalping and day trading.
I base my SL on ichi and so far I never had problems as long as I kept my MM in good shape

but i might be wrong here.

it's all up to the lybia war and stuff I guess.

I mean I expect a pull back starting now but not higher than 1.62 for now.if we brake that...
be prepared to have stop at 1.47..that is possible but i wont bet on it!!
what yur doing isnt really a good idea but if u yur using mm and prepared to wait its not a bad idea

just realise 1.48 is possible so yur not in shock
  • #274,775
  • Mar 25, 2011 12:40pm Mar 25, 2011 12:40pm
Quoting nAVIN2007
be prepared to have stop at 1.47..that is possible but i wont bet on it!!
what yur doing isnt really a good idea but if u yur using mm and prepared to wait its not a bad idea

just realise 1.48 is possible so yur not in shock
maybe you're right but i dont think it will go lower than 1.53 frankly....or not yet.

we will see first the 1.64 and later who can tell

for now I amso tired I cannot think straight anymore cannot see charts,laptop screen is shrinking....and the market is booooring
  • #274,776
  • Mar 25, 2011 12:57pm Mar 25, 2011 12:57pm
[quote=kaspopsicle;4497415]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.

Hey Nav., i think i may be growing up at last.Thanks.
Base forming at 16017.As chart posted last night.
( Information is not related to my borker , but courtesy of the brilliant senior members on this thread.... Mr.Nav and Mr Tau)
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All systems of divination, like music itself,work through patterns.
  • #274,777
  • Mar 25, 2011 1:02pm Mar 25, 2011 1:02pm
trendline still holding from the top..
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Don't have an ego. Always question yourself and your ability.
  • #274,778
  • Mar 25, 2011 1:18pm Mar 25, 2011 1:18pm
demand zone...
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All systems of divination, like music itself,work through patterns.
  • #274,779
  • Edited 2:22pm Mar 25, 2011 2:12pm | Edited 2:22pm
hello all
hope this was a good week 4you all

i see price has not crossed yet red trendline in h1
as said today once or the other will cros above! the matter is WHEN?!
also on m5 trend is anyway down

i have a question: can we be talking about a big double bottom?
or shuld it go 5977 to let us call it a "double bottom" ?
coz 30 pips (6004-5977) sounds not really so much

(i dont now if charts will appear in the same order i upload them )
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  • #274,780
  • Mar 25, 2011 2:31pm Mar 25, 2011 2:31pm
Quoting nAVIN2007
I think im gonna short that mofo hard next week assuming I get a signal..

edit:- GU broke wind south
sometimes i miss trade lately because it seems too obvious and i think theres a trap..is this the case or am i just getting better?..
sincerely sometimes i feel the same! still unable to find a reason of that
happened today twice on e.usd n also on g.usd
was so obviuos a short that i was waitin a reverse n closed too early positions

is it because i am looking at things in too hard way n dont see the easyest ones?
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