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Cable Update (GBPUSD)

  • #277,981
  • Apr 29, 2011 3:06pm Apr 29, 2011 3:06pm
today i noticed yoyr call from 6690 to 6645!
very good

as i am on bull side, i find very hard to intercept reversal!
i still have lot to learn
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  • #277,982
  • Apr 29, 2011 3:11pm Apr 29, 2011 3:11pm
Quoting sphinx8
uhm, what happened? doesn't wanna let the bear play
the down from 67 area happened coz of end of british week n end of months.
its not a random casualty that after 16.00 gmt price boost up.
if you see eur usd chart n gbp usd, you see euro lot stable, while gbp little down. in today's market condition, they shud have been both stable.

so... gbp usd end of day recovered the whole loss.
some one closed longs, took profits, price came to them, they went again long. always the same game!

easy to say now... was not so clear today. anyway, facts are these
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  • #277,983
  • Apr 29, 2011 3:24pm Apr 29, 2011 3:24pm
ok ok..
where is this thing going?
14.000?
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90% of traders use TA, indicators and prediction
  • #277,984
  • Apr 29, 2011 3:25pm Apr 29, 2011 3:25pm
I need at least 1.63 visit and after that I'll be a good boy and play more easy
  • #277,985
  • Edited 3:37pm Apr 29, 2011 3:36pm | Edited 3:37pm
Quoting sphinx8
I need at least 1.63 visit and after that I'll be a good boy and play more easy
you still have shorts open since 63 area?
hope you scalped some at least in that case
90% of traders use TA, indicators and prediction
  • #277,986
  • Apr 29, 2011 3:58pm Apr 29, 2011 3:58pm
Quoting _BBKing_
you still have shorts open since 63 area?
hope you scalped some at least in that case
yep. and one even from 1.61........... I'm cool if I only know it will get there in next month or so......... if it will never get there and go to 1.8 level I will worry
  • #277,987
  • Apr 29, 2011 4:23pm Apr 29, 2011 4:23pm
Quoting sphinx8
yep. and one even from 1.61........... I'm cool if I only know it will get there in next month or so......... if it will never get there and go to 1.8 level I will worry
uhm
i have different way of trading.
what i mean is i think you have not only that position. i think you also open others in buy or short as usual
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  • #277,988
  • Apr 29, 2011 4:28pm Apr 29, 2011 4:28pm
sure I've done and have other position and trades in the mean time.
I just believe that 1.60 - 1.67 levels are somewhat in the "middle" and one day they will be crossed agaiin..... so I do not feel like taking losess to only because of panic and inpatience........ on the other hand if it never gets there and goes only 1.65 and up from now for the next year all to way to 2.00 I'm screwed

these are obviously longterm positions........
  • #277,989
  • Apr 29, 2011 4:43pm Apr 29, 2011 4:43pm
Quoting _BBKing_
the down from 67 area happened coz of end of british week n end of months.
its not a random casualty that after 16.00 gmt price boost up.
if you see eur usd chart n gbp usd, you see euro lot stable, while gbp little down. in today's market condition, they shud have been both stable.

so... gbp usd end of day recovered the whole loss.
some one closed longs, took profits, price came to them, they went again long. always the same game!

easy to say now... was not so clear today. anyway, facts are these
Well... nice explanation. Although I was unwilling to enter today, I decided to try it and I did lose some pips (including my gain today too), tricked by that sudden gain (I think it's the last bulls run) while H4 didn't do much help (It signal bulls but looks weak so I expect some reversal). But I don't think I will find many new things if not today (mixing of end of month, friday, London bank holiday-Royal Wedding, USD mixed news) and this loss will serve as a milestone for me to trade better. We will expect to see 6800 tested and then probably some heavy SHORT down. Well, time to rest now. I wish you all a happy weekend.
  • #277,990
  • Apr 29, 2011 4:54pm Apr 29, 2011 4:54pm
i like on fridays give a look at monthly charts
i hope it is clearly readble what i say about it:

ema200(white) above sma200(dotted white)
last touch at ema200 price was near 7025 strong level of resistance.

red line is not accurate at the pip, but looks like she does very well what she was built for.

last touch ema200, price went down some 700-800 pips all the month.
i think this time price will put head above the ema200, touch the big resistance area and then come back to the ema n try to sit.
if she fail...... will find bears ready. ouchs!
Attached Image (click to enlarge)
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Attached Image
90% of traders use TA, indicators and prediction
  • #277,991
  • Apr 29, 2011 5:01pm Apr 29, 2011 5:01pm
Quoting 0rPhioZ
Well... nice explanation. Although I was unwilling to enter today, I decided to try it and I did lose some pips (including my gain today too), tricked by that sudden gain (I think it's the last bulls run) while H4 didn't do much help (It signal bulls but looks weak so I expect some reversal). But I don't think I will find many new things if not today (mixing of end of month, friday, London bank holiday-Royal Wedding, USD mixed news) and this loss will serve as a milestone for me to trade better. We will expect to see 6800 tested and then probably...
a loss is useful to understand and work better.
today i got a bad entry for a scalp @6670 after first touch 6690. closed loss 20 pips. then shorted and got +5. lucky me i bought again
have a good weekend
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  • #277,992
  • Apr 29, 2011 5:28pm Apr 29, 2011 5:28pm
gosh i need to rotate my head on the left to read it!
i dont know why the two red balls are there
blue line can be drawn little better
then?

price penetrated very well.
in the past i found this fibo channel very useful.

all comments welcome!
good week end
Attached Image (click to enlarge)
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  • #277,993
  • Apr 29, 2011 11:36pm Apr 29, 2011 11:36pm
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  • #277,994
  • Apr 30, 2011 3:55pm Apr 30, 2011 3:55pm
Good day... I want to say Hi to you all again. But rememeber that this the right time to HOLD the "Cable and Fibre" cause this is "fall of US Dollar". Holding my positions till the next US Elections of till signs of GREEN-MONEY. Bye, Bye!
  • #277,995
  • Apr 30, 2011 5:01pm Apr 30, 2011 5:01pm
Lets see if cable is gonna hold above the EMA 200 line (flat at the moment).
Attached Image (click to enlarge)
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Next resistance will be the 2nd test of the most recent top (1.70).

By the way I really thought that the British Empire had more Gold but .....

Attached Image


Good luck.
  • #277,996
  • Apr 30, 2011 5:05pm Apr 30, 2011 5:05pm
Quoting Pipstrumpf
Lets see if cable is gonna hold above the EMA 200 line (flat at the moment).
Attachment

Next resistance will be the 2nd test of the most recent top (1.70).

By the way I really thought that the British Empire had more Gold but .....

Attachment

Good luck.
thanks you so much pipstrump
  • #277,997
  • May 1, 2011 12:26am May 1, 2011 12:26am
is there any idea where will GU be heading ? Bearish or Bullish ?

I think It will bearish , but based on USD index comparisan. GU will go bullish

any opinions are appreciated.

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  • #277,998
  • Edited 1:49am May 1, 2011 1:32am | Edited 1:49am
Quoting Mrleeforex
is there any idea where will GU be heading ? Bearish or Bullish ?

I think It will bearish , but based on USD index comparisan. GU will go bullish

any opinions are appreciated.

To me the last leg to d wave up as most unreliable one as to whether able to turn an already big bear into bull next . Possible levels there but all need confirm break 2 significant dotted lines & hold, the lower one 1.6710 already tested . gu is in a total mofu stage right now , may tumbles more up & down at this correction .
it was a risky pair to long long term & still there though long in action presently ok.

thanks ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #277,999
  • May 1, 2011 2:27am May 1, 2011 2:27am
Bearish?
  • #278,000
  • May 1, 2011 3:11am May 1, 2011 3:11am
Quoting Astroman
Bearish?
you are so specific , nobody can knows anytime what actually but can check possible price action as per waves at present in smaller tf to present near present.
thaks ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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