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Cable Update (GBPUSD)

  • #279,461
  • May 18, 2011 6:33am May 18, 2011 6:33am
Quoting wormboy
imp message


3 days huh.. ok i'm boarding in..
Attached Image
  • #279,462
  • May 18, 2011 6:34am May 18, 2011 6:34am
Stopped out at -45. Breakout bears atm.
  • #279,463
  • May 18, 2011 6:34am May 18, 2011 6:34am
Quoting Phil Warran
Heading south guys, Looking for a daily close below 6140, then 1st target at 6020, then 2nd open to weekly trendline around 5700
Actually, I might take a 4 hourly close below this level, then wait for break of that candle low, Can't let NY grab all the cash for themselves
  • #279,464
  • May 18, 2011 6:34am May 18, 2011 6:34am
Quoting wiz001
hi all im long all the way. it may be going down but as i say what goes down must come up. and to be fair it wasnt up for long so it may just turn and go back up to where it should be.
You can make some pips when it's goes down and when it's goes up!
  • #279,465
  • May 18, 2011 6:39am May 18, 2011 6:39am
hi all, please share....this will goes bearish until what price maximum for GBP/USD before it goes uptrend? anyone can predict?
"sharing knowledge make us more rich"
  • #279,466
  • May 18, 2011 6:39am May 18, 2011 6:39am
Quoting josef
What do you think about long entry around 1.6145-1.6150 or it's better not to go against the trend?
depending on h close, above previous low ( 6146) long for me. only for correction tough.

trend down .
Hero calls followed by margin calls...
  • #279,467
  • May 18, 2011 6:41am May 18, 2011 6:41am
Quoting gsantri


3 days huh.. ok i'm boarding in..
Hi Wormboy, where did you get that Trix indicator? It looks very interesting. I guess you go long when the fast and slow lines are both green and exit when the fast line changes to red? Vice Versa for shorts?
  • #279,468
  • May 18, 2011 6:42am May 18, 2011 6:42am
Quoting josef
You can make some pips when it's goes down and when it's goes up!
bears make money.bulls make money.pigs get slaughtered
Hero calls followed by margin calls...
  • #279,469
  • May 18, 2011 6:43am May 18, 2011 6:43am
Quoting PhAnTi'
bears make money.bulls make money.pigs get slaughtered
True say, the pigs being in the middle
  • #279,470
  • May 18, 2011 6:44am May 18, 2011 6:44am
we are going to test 6060.
possible h4 retrace till 6190...
i targeted sell stop 6181-6150

now 2 levels:
6190 near possible PA for short again to 6060 tomorow
6060 to buy.
here 6140 is h1 lower channel
im unable to buy it here
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 23 KB
90% of traders use TA, indicators and prediction
  • #279,471
  • May 18, 2011 6:46am May 18, 2011 6:46am
Quoting rullyforex
hi all, please share....this will goes bearish until what price maximum for GBP/USD before it goes uptrend? anyone can predict?
Hi Rullyforex, I would be targeting the weekly trendline attached.
Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly trendline.gif Size: 13 KB
  • #279,472
  • May 18, 2011 6:50am May 18, 2011 6:50am
Quoting Phil Warran
Hi Rullyforex, I would be targeting the weekly trendline attached.
But be cautious once 6020 is reached as this is very near the August high of last year at 6000
  • #279,473
  • May 18, 2011 6:50am May 18, 2011 6:50am
Good day,

Closed all @ 1.6146.

Now placing long. 1/3rd normal size. @ 1.6148 as per earlier plan.

Regards
  • #279,474
  • May 18, 2011 6:53am May 18, 2011 6:53am
Quoting Phil Warran
Hi Wormboy, where did you get that Trix indicator? It looks very interesting. I guess you go long when the fast and slow lines are both green and exit when the fast line changes to red? Vice Versa for shorts?
well i'm not wormboy but you quoted my post

The indicator i got from THV thread somewhere here at FF its THV V3.

I use it to confirm my entry as I also see candle pattern.
I'll keep my short as long as macd in red (will suck her until the last blood ) maybe 3 days as Wormboy, with his flight, will take me to 5900 destination..

Hope that helps
  • #279,475
  • May 18, 2011 6:59am May 18, 2011 6:59am
Quoting gsantri
well i'm not wormboy but you quoted my post

The indicator i got from THV thread somewhere here at FF its THV V3.

I use it to confirm my entry as I also see candle pattern.
I'll keep my short as long as macd in red (will suck her until the last blood ) maybe 3 days as Wormboy, with his flight, will take me to 5900 destination..

Hope that helps
Sorry Gsantri, yep I need more practice, thanks very much, looks like a cool indicator for faster trades. Thanks.
  • #279,476
  • May 18, 2011 7:00am May 18, 2011 7:00am
Quoting rullyforex
hi all, please share....this will goes bearish until what price maximum for GBP/USD before it goes uptrend? anyone can predict?
You need to read the previous posts. It's all been shared. You missed this move. Looks like we might bounce here, off 1.6146, but if we close below, before the end of the NY session, then the H4 bear flag technical target comes into play. That's 200+ pips, but don't bet the farm on it.
Gone to a better place
  • #279,477
  • May 18, 2011 7:00am May 18, 2011 7:00am
Quoting TauTrader
Good day,

Closed all @ 1.6146.

Now placing long. 1/3rd normal size. @ 1.6148 as per earlier plan.

Regards
You are placing long to buy or to sell??? at what price??
"sharing knowledge make us more rich"
  • #279,478
  • May 18, 2011 7:04am May 18, 2011 7:04am
Quoting gsantri
well i'm not wormboy but you quoted my post

The indicator i got from THV thread somewhere here at FF its THV V3.

I use it to confirm my entry as I also see candle pattern.
I'll keep my short as long as macd in red (will suck her until the last blood ) maybe 3 days as Wormboy, with his flight, will take me to 5900 destination..

Hope that helps
Hi Mr. G., your new avatar is inspirational !.
Great to see you. Cant hang....other duties call.
All systems of divination, like music itself,work through patterns.
  • #279,479
  • May 18, 2011 7:07am May 18, 2011 7:07am
Quoting smikester
You need to read the previous posts. It's all been shared. You missed this move. Looks like we might bounce here, off 1.6146, but if we close below, before the end of the NY session, then the H4 bear flag technical target comes into play. That's 200+ pips, but don't bet the farm on it.
your a good trader..it amazes me how people sell here with such confidence just because weekly is bearish ..this 60/40 in favour of a bounce back up to me..

but i need PA to show different
also much news on usd so it can go lower as well

but i think it for sure risky to short and by no means an easy trade
  • #279,480
  • May 18, 2011 7:20am May 18, 2011 7:20am
Quoting nAVIN2007
your a good trader..it amazes me how people sell here with such confidence just because weekly is bearish ..this 60/40 in favour of a bounce back up to me..

but i need PA to show different
also much news on usd so it can go lower as well

but i think it for sure risky to short and by no means an easy trade
M15 line chart show reversal
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