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Cable Update (GBPUSD)

  • #277,421
  • Apr 26, 2011 3:48am Apr 26, 2011 3:48am
Quote
The rest of the day is probably gonna be spent working back to 1.6540 - 1.6550. I'm out and will sell at the mentioned level if all in place. Missed the long. Nothing for me here till later.

Regards and trade well


Good evening

Recently we saw prices soar as you might expect. Is it can be said bearish Right angled Triangle to the next so that it can in the estimate price will touch 1.626x for this week? What did you think? Thank you.

Best Regard

San
  • #277,422
  • Apr 26, 2011 3:53am Apr 26, 2011 3:53am
gone long, SL at days low. TP- 1.6580
To Your Success!!
  • #277,423
  • Apr 26, 2011 3:59am Apr 26, 2011 3:59am
Quoting redbeben
I sold at 1.6519 with tp 1.648X-9 as a scalp
out for 22 pips

the rest after confirmation at 1.648X level
  • #277,424
  • Apr 26, 2011 4:00am Apr 26, 2011 4:00am
This guy will come soon...

http://www.blogcdn.com/www.urlesque....edobear175.jpg
  • #277,425
  • Apr 26, 2011 4:01am Apr 26, 2011 4:01am
Quoting ndsouz
gone long, SL at days low. TP- 1.6580

Morning all. Nice too see you back nd.

I just went short at 1.6528 sl at 1.6543 tp1 xx480 (will stay in if it goes through with some balls obv)

I think that this is going to keep on going down for this next month. Never have I seen a weekly bar with so much selling into it with such little volume. That shouts no buyers at this lever to me. Look at july 2009, similiar situation, just a lot less extravagant.

I'm also aware it just dropped 20 pips, just gota beleive i got in before it dropped hahaha
Attached Image (click to enlarge)
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  • #277,426
  • Apr 26, 2011 4:08am Apr 26, 2011 4:08am
Quoting redbeben
out for 22 pips

the rest after confirmation at 1.648X level
guys don't sell now
1.648X level has to be tested in the next 30-50 minutes

now it will go up a bit

I will post chart so show you where it should cross
Attached Image (click to enlarge)
Click to Enlarge Name: GU M5 sell.JPG Size: 182 KB
  • #277,427
  • Apr 26, 2011 4:09am Apr 26, 2011 4:09am
Quoting redbeben
out for 22 pips

the rest after confirmation at 1.648X level
Good for you, my SHORT positions are still waiting for profit. sigh... waiting for pedobear to kidnap little bulls...
  • #277,428
  • Apr 26, 2011 4:54am Apr 26, 2011 4:54am
Quoting Shadip
Morning all. Nice too see you back nd.

I just went short at 1.6528 sl at 1.6543 tp1 xx480 (will stay in if it goes through with some balls obv)

I think that this is going to keep on going down for this next month. Never have I seen a weekly bar with so much selling into it with such little volume. That shouts no buyers at this lever to me. Look at july 2009, similiar situation, just a lot less extravagant.

I'm also aware it just dropped 20 pips, just gota beleive i got in before it dropped hahaha

I'm out for +36. Not gona bother staying in this one.
  • #277,429
  • Apr 26, 2011 5:02am Apr 26, 2011 5:02am
Quoting GBP Trader
Good evening

Recently we saw prices soar as you might expect. Is it can be said bearish Right angled Triangle to the next so that it can in the estimate price will touch 1.626x for this week? What did you think? Thank you.

Best Regard

San
Good day to you,

I can not tell if price will reach 1.626x by the end of the week. That is too far off and I do not want to take a guess.

1.6600 and 1.6300 are the 2 extremes at this point. So sell @ 1.6600 and buy @ 1.6300. One will be reached. Which one first? I can not tell. We are in an overall uptrend (currently weakening) on the longer timeframes and we are in a shorter term downtrend.

On the shorter timeframes the extremes are @ 1.6540 and 1.6440 now. So sell @ 1.6540 area and buy @ 1.6440 area.

That is all I can work with for now.

Regards to you

PS - got a sell triggered @ 1.4640 and one waiting @ 1.4660 on EU. with a 1.4500 target
  • #277,430
  • Apr 26, 2011 5:03am Apr 26, 2011 5:03am
Quoting redbeben
guys don't sell now
1.648X level has to be tested in the next 30-50 minutes

now it will go up a bit

I will post chart so show you where it should cross
Where did you get the cristal ball?!!
  • #277,431
  • Apr 26, 2011 5:04am Apr 26, 2011 5:04am
big doji on cable Daily. what does this mean?
Enter Signature
  • #277,432
  • Apr 26, 2011 5:05am Apr 26, 2011 5:05am
Quoting 0rPhioZ
This guy will come soon...

http://www.blogcdn.com/www.urlesque....edobear175.jpg
awww, how cute!
Enter Signature
  • #277,433
  • Apr 26, 2011 5:09am Apr 26, 2011 5:09am
Quoting vosterfxandy
big doji on cable Daily. what does this mean?
If it closes where it is, it means buyers and sellers are happy with the price right?

But the day ain't over yet ;')
  • #277,434
  • Apr 26, 2011 5:12am Apr 26, 2011 5:12am
Quoting Shadip
If it closes where it is, it means buyers and sellers are happy with the price right?

But the day ain't over yet ;')
Buyers and sellers are happy?

But how can both be happy?
Enter Signature
  • #277,435
  • Apr 26, 2011 5:13am Apr 26, 2011 5:13am
Quoting vosterfxandy
big doji on cable Daily. what does this mean?
it means nothing - a candle isn't a candle until it is closed.

G/L
ex member
  • #277,436
  • Apr 26, 2011 5:14am Apr 26, 2011 5:14am
Quoting vosterfxandy
Buyers and sellers are happy?

But how can both be happy?

Hmmm, I think I worded that wrong. Not happy, but the same amount of buying as selling right? Both can't be happy, you're right.

We'd have to see more volume come in to move the markets. So I guess its a level of uncertinty. But it could close much lower or much higher so I'm not gona call it doji just yet. For now, off to the E/U thread to join in with the banter haha
  • #277,437
  • Apr 26, 2011 5:15am Apr 26, 2011 5:15am
So, se saw a further leg up before the supply hit at 6530 artea taking privce back down to the previous 1hr swing hi zone (previous resistance.)...

Finishing here...

G/L
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ex member
  • #277,438
  • Apr 26, 2011 5:24am Apr 26, 2011 5:24am
Quoting bbmac
So, se saw a further leg up before the supply hit at 6530 artea taking privce back down to the previous 1hr swing hi zone (previous resistance.)...

Finishing here...

G/L
Hi, lots of volume on the last up bar. Lots of buying on the sell bar that popped through the 200 followed by another down bar with a lot less volume. My 5m says up...

My 30m bounced of the 24 and 200ma's too with little volume. Suggesting a weak test.
Attached Image (click to enlarge)
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  • #277,439
  • Apr 26, 2011 5:28am Apr 26, 2011 5:28am
Quoting bbmac
it means nothing - a candle isn't a candle until it is closed.

G/L
But surely some people can trade PA using forming candles?
Enter Signature
  • #277,440
  • Apr 26, 2011 5:28am Apr 26, 2011 5:28am
Quoting Shadip
Hmmm, I think I worded that wrong. Not happy, but the same amount of buying as selling right? Both can't be happy, you're right.

We'd have to see more volume come in to move the markets. So I guess its a level of uncertinty. But it could close much lower or much higher so I'm not gona call it doji just yet. For now, off to the E/U thread to join in with the banter haha
What we could say is then, both parties are equally sad.

Haha!
Enter Signature
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