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Cable Update (GBPUSD)

  • #278,021
  • May 2, 2011 1:22am May 2, 2011 1:22am
Quoting bonus76
News definitely affected GU,AU and Eu.Would not go long till i see there is confirmation. News with BIn Laden can definitely change the game. AL Qaida definitely might do some revenge attacks. Be carefull boys

hello,
if you think this, better never to trade.
all days can happen something in the world.
that's why we use stoploss and work hours to find good levels to buy or sell.
then if a fool man kill a president or a war happens, or 2 airplanes crashes on twin towers....... well, those are things you cant predict.
90% of traders use TA, indicators and prediction
  • #278,022
  • May 2, 2011 1:24am May 2, 2011 1:24am
Quoting _BBKing_
hello,
if you think this, better never to trade.
all days can happen something in the world.
that's why we use stoploss and work hours to find good levels to buy or sell.
then if a fool man kill a president or a war happens, or 2 airplanes crashes on twin towers....... well, those are things you cant predict.
Point is to make money not to loose money. And u can make money only if u know where the price has higher probability to move in one direction. if u have money to loose go ahead a blew some accounts
  • #278,023
  • May 2, 2011 2:35am May 2, 2011 2:35am
Quoting bonus76
Point is to make money not to loose money. And u can make money only if u know where the price has higher probability to move in one direction. if u have money to loose go ahead a blew some accounts
so far what I have observed GU remain Bullish for London session. and probably will retrace back during US session.
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  • #278,024
  • May 2, 2011 3:29am May 2, 2011 3:29am
Quoting bonus76
Point is to make money not to loose money. And u can make money only if u know where the price has higher probability to move in one direction. if u have money to loose go ahead a blew some accounts
ok,
i agree.
is same thing i said before....
now price is in a range where better buy low n sell high.

above 6745 or below 6600 plan changes.
usdx is in a very interesting line near 73.20 now.
i expect a reaction till 73.90-74.10 near there

but i dont correlate this thing with osama b.l. death.
usa wants a weaker dollar. i think they are going to need it to test lowest levels (71 area) maybe find out new lows (...)

so all this said, my plan is to add buy gbp usd if it goes down today or tomorrow. but i will only short it hourly if breakes n closes below 6600.
if closes above 6745 (last peak) will add buy coz can be last buy in 67 area to target the 68 - 69 - 70

i have my plan n will trade it. osama or not. thats what i mean....
90% of traders use TA, indicators and prediction
  • #278,025
  • May 2, 2011 3:52am May 2, 2011 3:52am
Whatsupp,

So I'm expecting higher prices this week like everyone else. Today I'm expecting it to close bearish (D1) and tomorrow to close bearish. Looking to buy at 1.660, however there was a lot a lot a lot a lot a lot a lot a lot of buying on the H4 at 8:00-16:00 on the 29th so i'll get in at the 1.6625 mark.

Urmmm, for Tp I'll know when it gets there and I'll just buy on the dips. Looking at 1.688.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: sell.gif Size: 38 KB
  • #278,026
  • May 2, 2011 4:53am May 2, 2011 4:53am
Quoting _BBKing_
ok,
i agree.
is same thing i said before....
now price is in a range where better buy low n sell high.

above 6745 or below 6600 plan changes.
usdx is in a very interesting line near 73.20 now.
i expect a reaction till 73.90-74.10 near there

but i dont correlate this thing with osama b.l. death.
usa wants a weaker dollar. i think they are going to need it to test lowest levels (71 area) maybe find out new lows (...)

so all this said, my plan is to add buy gbp usd if it goes down today or tomorrow. but i will only short it hourly...
Nice One
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  • #278,027
  • May 2, 2011 4:59am May 2, 2011 4:59am
for my point of view cable will go short if forming double top be ready.. but not confirm yet..but when is see usdjpy quiet interesting...hopfully going up usdjpy n cable will down... who know change up side down..
be patient, self-belief and discipline... stay focus...
  • #278,028
  • May 2, 2011 5:08am May 2, 2011 5:08am
i think between 1.6597 and 1.6625 is good levels to buy dips.
  • #278,029
  • May 2, 2011 5:41am May 2, 2011 5:41am
a PA bounce on 55ema on 1hr and 5minute signalled a sound dip buying.we might see a fast run off up to take out stops and then kaboom big time
  • #278,030
  • May 2, 2011 5:51am May 2, 2011 5:51am
im watch will cable break down or turn to up movement my first step watch trade long..
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 104 KB
be patient, self-belief and discipline... stay focus...
  • #278,031
  • May 2, 2011 5:51am May 2, 2011 5:51am
Quoting beejay
a PA bounce on 55ema on 1hr and 5minute signalled a sound dip buying.we might see a fast run off up to take out stops and then kaboom big time
What's that mean?
Life is about choosing... Long or Short... Discipline and consistency
  • #278,032
  • May 2, 2011 5:58am May 2, 2011 5:58am
Quoting radit27
im watch will cable break down or turn to up movement my first step watch trade long..
what's the break point ? any clue ?
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  • #278,033
  • May 2, 2011 6:04am May 2, 2011 6:04am
Quoting KyoOishi
What's that mean?
rapid selloff
  • #278,034
  • May 2, 2011 6:05am May 2, 2011 6:05am
yea u go long
be patient, self-belief and discipline... stay focus...
  • #278,035
  • May 2, 2011 6:07am May 2, 2011 6:07am
13 -15 pips or more trget tp
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 106 KB
be patient, self-belief and discipline... stay focus...
  • #278,036
  • May 2, 2011 6:28am May 2, 2011 6:28am
nice move
be patient, self-belief and discipline... stay focus...
  • #278,037
  • May 2, 2011 6:30am May 2, 2011 6:30am
still a strong chance we will hit 1.6800 area
  • #278,038
  • May 2, 2011 6:30am May 2, 2011 6:30am
Quoting T-styles
IN the next 3 - 5 weeks i expect the GU to be around 1.7100 - 1.72,if you can buy,go long now with TP at the mentioned levels above or wait for a 1.66 entry,i got a 200pip stop loss on this. Long on GJ at 135.61 with a 200 pip tp .
u beat me to that.got in at 135.72 since thursday expecting about 200pips rally up.
  • #278,039
  • May 2, 2011 6:31am May 2, 2011 6:31am
k guys i have to go need go for work...im reach tp 15pips enough for me with 3 lots
be patient, self-belief and discipline... stay focus...
  • #278,040
  • May 2, 2011 10:20am May 2, 2011 10:20am
will be any Reversal Trend during US session until Australia Session ? or it will be buliish throught the day. from my indicator seem that there is no reversal sign yet.
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