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Cable Update (GBPUSD)

  • #279,861
  • May 23, 2011 9:54am May 23, 2011 9:54am
Quoting Petar_Serbia
Hello guys,
I created one video about my view on Cable.I must say buyers be carefull in mid term.My setups are safe on BE now and we will see future market...

http://www.youtube.com/watch?v=jMYutS9T5cE


Wish you good trading

Petar
well keylvls to the downside : pink bands...anyway 6000 will be a tuff one as well 4000 one on eu

lets c

trade the chart

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Hero calls followed by margin calls...
  • #279,862
  • May 23, 2011 9:54am May 23, 2011 9:54am
Quoting _BBKing_
hello all
i am 'scalping' those waves in m5

i see some reaction happening
if not up from here, won't go far in down imo

anyway pattern has gone very choppy last 1 hour....
i stay out a bit now
90% of traders use TA, indicators and prediction
  • #279,863
  • May 23, 2011 10:17am May 23, 2011 10:17am
Quoting _BBKing_
hello all
i am 'scalping' those waves in m5

i see some reaction happening
if not up from here, won't go far in down imo

i was wrong!
sell stop went in 6100
90% of traders use TA, indicators and prediction
  • #279,864
  • May 23, 2011 10:29am May 23, 2011 10:29am
Quoting mj_xr
could be double bottom occured in TF4? If happen it might price will go to 1.6235 or doji for today daily closed..and we sell again...hahaha
just feel the bears strength. you feel bulls or bears are stronger you can earn with no lines

ps: double bottom failed
  • #279,865
  • May 23, 2011 10:53am May 23, 2011 10:53am
Quoting megaqujik
just feel the bears strength. you feel bulls or bears are stronger you can earn with no lines

ps: double bottom failed
this is not true!
90% of traders use TA, indicators and prediction
  • #279,866
  • May 23, 2011 11:24am May 23, 2011 11:24am
i picked a small buy. it is anyway a good area after a good down all today.

but dont follow me, i am also scalping everywhere
90% of traders use TA, indicators and prediction
  • #279,867
  • May 23, 2011 11:33am May 23, 2011 11:33am
The directions of price movements are usually very clear on H4 charts. A successful break of the current support will take us to the psychological 1.6000 level. If this support holds, a re-test of 1.62500 is clearly on the card.

Day traders will increase their chance of success if they take inspiration from H4 charts.

Enjoy your day!
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  • #279,868
  • May 23, 2011 11:45am May 23, 2011 11:45am
i took a daily position
if things goes bad i go out with a small loss
if goes good i will add more longs

position is small because downtrend still strong
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90% of traders use TA, indicators and prediction
  • #279,869
  • May 23, 2011 11:48am May 23, 2011 11:48am
Quoting _BBKing_
i took a daily position
if things goes bad i go out with a small loss
if goes good i will add more longs

position is small because downtrend still strong
i really like to put a long position from here
but still have 3 lot long position. maybe if it down to 159 area i will add more
Attached Image (click to enlarge)
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Just Newbie Need Guidance From The Expert
  • #279,870
  • May 23, 2011 12:18pm May 23, 2011 12:18pm
Quoting NoviceInd
i really like to put a long position from here
but still have 3 lot long position. maybe if it down to 159 area i will add more
3lots and a drawdown of 80 pips average

gosh!

wasn't it better to pick a short today?
do you feel so much it will go more up from here?
90% of traders use TA, indicators and prediction
  • #279,871
  • May 23, 2011 12:23pm May 23, 2011 12:23pm
Quoting _BBKing_
3lots and a drawdown of 80 pips average

gosh!

wasn't it better to pick a short today?
do you feel so much it will go more up from here?
i need to leave,
will come back later
bybye
90% of traders use TA, indicators and prediction
  • #279,872
  • May 23, 2011 1:43pm May 23, 2011 1:43pm
Quoting Articulate
The directions of price movements are usually very clear on H4 charts. A successful break of the current support will take us to the psychological 1.6000 level. If this support holds, a re-test of 1.62500 is clearly on the card.

Day traders will increase their chance of success if they take inspiration from H4 charts.

Enjoy your day!

  • #279,873
  • May 23, 2011 5:43pm May 23, 2011 5:43pm
looks like it will go for more down move today..likely it will reach 1.58..
just my opinion..
  • #279,874
  • May 23, 2011 6:46pm May 23, 2011 6:46pm
what's next target?

im thinking bout bottom of D1 channel...
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  • #279,875
  • May 23, 2011 8:20pm May 23, 2011 8:20pm
Quoting NoviceInd
i really like to put a long position from here
but still have 3 lot long position. maybe if it down to 159 area i will add more
You cant trade like that,it will kill you faster
  • #279,876
  • Edited 8:58pm May 23, 2011 8:48pm | Edited 8:58pm
Quoting TauTrader
Good day to you,

Too much is also not good. Just looking for that last little push lower - but it's not coming so far....I therefor could lose out on a long here...

Time will tell

All the best
Good day to you,

Little push lower eventually came. So we could be forming a turning point here with some bullishness starting to enter the market again. 1.6180 to 1.6200.? This would only be temporary strength at this point. Nothing long term.

Let's see

Regards
  • #279,877
  • May 23, 2011 10:31pm May 23, 2011 10:31pm
good morning/evening,
cats n dogs woke me up, so i came to charts earlier.
what i see opening mt4 is this m30 chart.

we are still in downtrend but now im more confident on a little move north.
lets see what happens
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #279,878
  • May 23, 2011 11:00pm May 23, 2011 11:00pm
Quoting _BBKing_
good morning/evening,
cats n dogs woke me up, so i came to charts earlier.
what i see opening mt4 is this m30 chart.

we are still in downtrend but now im more confident on a little move north.
lets see what happens


BBKing,
Crossed finger the GBP goes to North.

  • #279,879
  • May 23, 2011 11:21pm May 23, 2011 11:21pm
OK. It's been awhile,but I'll add my 2 cents. I'm really hoping to buy around 1.6020.
  • #279,880
  • May 23, 2011 11:48pm May 23, 2011 11:48pm
Would like to go long but still waiting for the price to close above the UTL, if its break the LTL, then short it will be.

Long would only be for short term though, probably around 1.6180ish.

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