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Cable Update (GBPUSD)

  • #278,441
  • May 5, 2011 9:53am May 5, 2011 9:53am
hello all
what a day!

my connection went down.
lucky me price went 1 pip below my stop loss before interest rates release.
i forgot to open the target
already targeted whole shorts @6430

looks like was very good the scalp from 6470 to 6500... seems so clear now, i dont know if was same when happened

anyway great day, broke all supports got billions of stops.
i hope nobody lost money today

@redbeben: finally all your analyze became true! good job
only after the down from 67 i realized that there was something wrong on bull side. 300 pips later than you, nothing to sayvery good job!

HS now looks good.
will be again good entries to target the 63 area.
90% of traders use TA, indicators and prediction
  • #278,442
  • May 5, 2011 9:56am May 5, 2011 9:56am
I have to run across the street to the bank to deposit one more coin to push the market to at least 1.649X

see you in a moment
  • #278,443
  • May 5, 2011 9:58am May 5, 2011 9:58am
Quoting redbeben
I have to run across the street to the bank to deposit one more coin to push the market to at least 1.649X

see you in a moment
Hero calls followed by margin calls...
  • #278,444
  • May 5, 2011 10:02am May 5, 2011 10:02am
hi guys, how about tomorrow?? do you think it will bullish or bearish when the NFP news coming??
  • #278,445
  • May 5, 2011 10:03am May 5, 2011 10:03am
Quoting PhAnTi'
should have used 2 coins now my life is ruined

I will go to the corner of shame

but I will sell after pullback and revenge the 1.6390 level
  • #278,446
  • May 5, 2011 10:06am May 5, 2011 10:06am
I dunno what it is. But it looks like something is holding GU to drop compare to other currency that against USD.

Short my position 1.6426 TGT 1.6390 My support 1.6383
Life is about choosing... Long or Short... Discipline and consistency
  • #278,447
  • May 5, 2011 10:19am May 5, 2011 10:19am
eu is on free fall /
  • #278,448
  • May 5, 2011 10:30am May 5, 2011 10:30am
Quoting Suryananda
AstroTrader-2011. Demo version.
what is that .exe file?
90% of traders use TA, indicators and prediction
  • #278,449
  • May 5, 2011 10:33am May 5, 2011 10:33am
sois it 1.638 tonight or not,bear slowed down just now
  • #278,450
  • May 5, 2011 10:33am May 5, 2011 10:33am
Quoting KyoOishi
I dunno what it is. But it looks like something is holding GU to drop compare to other currency that against USD.

Short my position 1.6426 TGT 1.6390 My support 1.6383
i think it is becaus gbp usd started down from 67 area
while for example euro shoot straight from 4900 to 4570

same range in different time.......
talkin about crosses, gbp jpy and eur jpy boosted by usd jpy crash.

oil has gone a bit bit down today.
only 7$ x barrel
90% of traders use TA, indicators and prediction
  • #278,451
  • May 5, 2011 10:38am May 5, 2011 10:38am
Gold and silver trading range is so wild. Big drop today.
Is USD back on stage?
Life is about choosing... Long or Short... Discipline and consistency
  • #278,452
  • May 5, 2011 10:46am May 5, 2011 10:46am
Quoting KyoOishi
Gold and silver trading range is so wild. Big drop today.
Is USD back on stage?
here you are
what don't go down, must go up.
i said some days ago i was expecting an until 74 area.
daily chart shows 3 bad candles
usdx straight into 74 area in 4hours
things never go straight up or down forever

but surely this is first big candle up i see on it since weeks n weeks
Attached Image (click to enlarge)
Click to Enlarge Name: usdxh4.gif Size: 21 KB
90% of traders use TA, indicators and prediction
  • #278,453
  • May 5, 2011 10:50am May 5, 2011 10:50am
Quoting _BBKing_
h4 price rebound from red daily trendline upward where stopped the 300 pips fall from 6744
6450-55 is also 50% fibo retrace from 6165 to 6744.

pattern suggest a possible HS formation
if price will be unable to consolidate above 6570 and 6620 (blu ellipse near), the 63 and 62 area will come fast.

the 6620 consolidation is needed to avoid the HS on the daily.
at my eyes, looks like a lot of things to do in too much few time.
will be bears lined up near 6570
stronger ones near 6600

below trendline now 6460-70 first line for bulls is 6430
if fail...
im not on buy side...
from here must touch ema200 at least.
who agree?
90% of traders use TA, indicators and prediction
  • #278,454
  • May 5, 2011 10:52am May 5, 2011 10:52am
isshe going back up a little now? I need that first 1.638
  • #278,455
  • May 5, 2011 11:20am May 5, 2011 11:20am
Quoting TauTrader
Good day to you,

1st long went in @ 1.6421. only 1/3 position. Next add on 1.6370

Regards

Good evening sir,

According to your analysis if GU is still going down? And whether it will reach 1.6340 today or Friday, or will remain above 1.6400 and back ride? Please explain sir.Thank you

Best Regards

San
  • #278,456
  • May 5, 2011 11:27am May 5, 2011 11:27am
Quoting _BBKing_
hello all
what a day!

my connection went down.
lucky me price went 1 pip below my stop loss...

I would like to thank to all the gremlins and lepricots that helped me in this calculation.....nevertheless the 600 pips down is not finished yet so cannot be happy or not yet.
if the 600 will be all the way to the end then I will be dead drunk

I still expect a pullback from 1.6390 area but it should be contained by 1.6480-1.65 area.
or me might as well go all the way down even if the market is already oversold on TFS up to H4,Daily right on the verge to be oversold but W still a loooong way down to go.


for GJ I will wait untill tmr to open another short
I reckon a brake under 130.70 area before but only on tmr daily candle.for now I am in pullback mode ....

will short GU if H 4 closes under 1.6485

remember the hell gates.first brakes kumo cloud on H4,pullback and then a hell of a ride


only time will tell ....or the salad bowl
  • #278,457
  • May 5, 2011 11:38am May 5, 2011 11:38am
Quoting GBP Trader
Good evening sir,

According to your analysis if GU is still going down? And whether it will reach 1.6340 today or Friday, or will remain above 1.6400 and back ride? Please explain sir.Terima Love


Best Regards

San
Good day to you,

I expect to profit from a long position I am building. My 1st entry went in long as per my previous post. 1.6375 is where I will place my second long. If we get there.

So - I am not expecting GU to go straight down. I am expecting a move higher first - this is the move I plan to trade. 1.6340 is possible as I have a final 1/3 entry planned for 1.6315 -if the need arise.

I can not tell you if price will remain above 1.6400. I can not tell you if we will reach 1.6375. I can not tell you if we will reach 1.6315. It is possible - but not a certainty.

Since 1.6400 is an important level as can be seen by the support, one would expect a lot of stops sitting below and I will not be surprised at all to see 1.6400 broken and a run lower to 1.6375. I am actually expecting that. Therefor the 1/3 entry only on 1.6421. What happens below 1.6375, we will have to wait and see.

Regards
  • #278,458
  • May 5, 2011 12:21pm May 5, 2011 12:21pm
Quoting TauTrader
Good day,

First entry long went in @ 1.4627. 1/3 position. Next entry 1.4560

SL to be determined later - but looking at 1.4460

Regards
Good day,

Second 1/3 entry went in on 1.4564 - average entry price now 1.4596.

Regards
  • #278,459
  • May 5, 2011 12:24pm May 5, 2011 12:24pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good luck TT... I am with you...might have to wait hrs, days but it'll be ok in the end I reckon


Quoting TauTrader
Good day,

Second 1/3 entry went in on 1.4564 - average entry price now 1.4596.

Regards
  • #278,460
  • May 5, 2011 12:31pm May 5, 2011 12:31pm
Quoting ams
Good luck TT... I am with you...might have to wait hrs, days but it'll be ok in the end I reckon
Good day to you,

Good luck. Patience to absorb the fluctuations is needed. We will know soon enough.

All the best to you
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