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Cable Update (GBPUSD)

  • #280,101
  • May 26, 2011 8:44am May 26, 2011 8:44am
Did it not occur to you to buy it when it was going up so strongly ?

Quoting NoviceInd
i predict this movement but i release all my long from 16160 @ 16280
and i start selling @ 162 71 @ 16330 @ 163 50
wtf 3 lot running in red ZZzzZzzZzthis train is to fast . it should go to 16250 or even 16210 to continue to 167 area hope i'm rite . 3 lot i bet
ex member
  • #280,102
  • May 26, 2011 8:46am May 26, 2011 8:46am
but seriously what pullback and when we can get one, obvously she is not gonna run to 1.67 in straight line, however she has jumped and ignored over 2 possible pullbacks I almost shorted
  • #280,103
  • May 26, 2011 8:51am May 26, 2011 8:51am
Quoting sphinx8
but seriously what pullback and when we can get one, obvously she is not gonna run to 1.67 in straight line, however she has jumped and ignored over 2 possible pullbacks I almost shorted

she doesnt have to do anything except meet on a monthly projection exactly where she needs to be..

tom it seems to me this new bunch of wannabe traders are nothing but gamblers, far more than previous??
would u agree?
  • #280,104
  • May 26, 2011 8:51am May 26, 2011 8:51am
Price has arrived at that previous 4hr swing hi zone with 61.8% of the 6573-6057 move, as detailed earlier.

A break and clear above here and there exists unbreeched fibs of the moves from 6746, 6573 and 6517 down to 6057 between there and the previouss 4hr/daily swing hi @ 6517, Daily R2 & 3 and similar Weekly R2 and R3 live here too with Weekly R3 being @/around top os that previous swing hi zone - 6512 area. Also between the current Hi and that 6517 previous swing hi is the 1.618% fib extension of the last daily swing hi-lo 6517-6057 @ 6465 area which may be a natural bull target. 6473 is Monthly Pivot area.

Price Hi is now at 75% of 20daty atr, 104% of same 20week atr and 97% of same 20month atr.

4hr current near-term screenshot below.

G/L
Attached Image (click to enlarge)
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ex member
  • #280,105
  • May 26, 2011 8:56am May 26, 2011 8:56am
I got shorts @ 6214, 6240, 6295. TP 6200. I feel pretty calm, is that wrong? )))
  • #280,106
  • May 26, 2011 8:57am May 26, 2011 8:57am
Quoting NoviceInd
i predict this movement but i release all my long from 16160 @ 16280
and i start selling @ 162 71 @ 16330 @ 163 50
wtf 3 lot running in red ZZzzZzzZzthis train is to fast . it should go to 16250 or even 16210 to continue to 167 area hope i'm rite . 3 lot i bet
Currently I am with you from 1.6357, but just only for scalp 10 - 20 pips !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #280,107
  • May 26, 2011 8:59am May 26, 2011 8:59am
The late asian/early london session pullback to 6274 saw a great 30min hidden divergence set-up at the low....I was discussing earlier looking for a trigger to get long down there on 15min.

G/L
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ex member
  • #280,108
  • May 26, 2011 9:03am May 26, 2011 9:03am
Quoting manize
Currently I am with you from 1.6357, but just only for scalp 10 - 20 pips !
Better to go against strong trend at potential supp/res clusters...like this previous 1hr/4hr swing hi with the 61.8% fib...nice 3min regular bearish divergence play there with great PB candle trigger for entry.

On going against trend it is always better to make the working assumption that it is a pullback/retracement only till PA says otherwise...but really in a trend better to find reasons/arteas to get 'with it' than against.

G/L
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ex member
  • #280,109
  • May 26, 2011 9:10am May 26, 2011 9:10am
On daily a HH now above last H (pt 4) that beat last LH (pt 2)...is 1.618% of the last Hi - Lo swing ie pt 4-5, the bull target ?

G/L
Attached Image
ex member
  • #280,110
  • May 26, 2011 9:16am May 26, 2011 9:16am
Quoting manize
Currently I am with you from 1.6357, but just only for scalp 10 - 20 pips !
OK close, I suspect she will bounce up again from here. I maybe wrong !
Attached Image (click to enlarge)
Click to Enlarge Name: 260511.gif Size: 80 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #280,111
  • May 26, 2011 9:19am May 26, 2011 9:19am
Quoting nAVIN2007
she doesnt have to do anything except meet on a monthly projection exactly where she needs to be..

tom it seems to me this new bunch of wannabe traders are nothing but gamblers, far more than previous??
would u agree?

Sure I gamble, but guess what? so do you
it is a gamble no mattet what science you apply coz if it was not gamble than everybody would be winning only
  • #280,112
  • May 26, 2011 9:24am May 26, 2011 9:24am
Was a lovely ABC again on cable today wasn't it?

Looks like a bearish situation is developing though - have to wait and see!

rgds
  • #280,113
  • May 26, 2011 9:24am May 26, 2011 9:24am
Quoting manize
OK close, I suspect she will bounce up again from here. I maybe wrong !
nice chart mate thx for sharing
any suggest for long term trades?
Guide me please
  • #280,114
  • May 26, 2011 9:30am May 26, 2011 9:30am
Quoting sphinx8
Sure I gamble, but guess what? so do you
it is a gamble no mattet what science you apply coz if it was not gamble than everybody would be winning only
gambling is when dont play a defined setup..u just trade for the hell of it..

if u have the mentality of gambler u will lose everything to the market, doesnt require any disiplines at all, trading my friend i have news for u does..its yur job where there are no rules to make rules..

and yur right also about yourself gambling but plz dont include me in that..i dont..
  • #280,115
  • May 26, 2011 9:32am May 26, 2011 9:32am
Quoting nAVIN2007
.....tom it seems to me this new bunch of wannabe traders are nothing but gamblers, far more than previous??
would u agree?

Mate, it's the same old pattern we see again and again...in the end you get to a point (if you can stay in the game lomg enough) that you and I well know is only putting money at risk when the odds are in your favour...ie when the set-ups shouts out what the greater probability of future price action is...and yeh some don't play out but overall as long as you have a positive expectancy it keeps you in the green.

G/L
ex member
  • #280,116
  • May 26, 2011 9:37am May 26, 2011 9:37am
it is funny how all the "Pro's" need to boost up their egos once in a while

well, nature of the human kind no matter the industry
  • #280,117
  • May 26, 2011 9:37am May 26, 2011 9:37am
Quoting manize
Currently I am with you from 1.6357, but just only for scalp 10 - 20 pips !
hahaha . i scalp and already tp . re enter @ 16350 tp still the same 20 pips . just to add more equity. and reducing some loss
Just Newbie Need Guidance From The Expert
  • #280,118
  • May 26, 2011 9:43am May 26, 2011 9:43am
Quoting bbmac
Mate, it's the same old pattern we see again and again...in the end you get to a point (if you can stay in the game lomg enough) that you and I well know is only putting money at risk when the odds are in your favour...ie when the set-ups shouts out what the greater probability of future price action is...and yeh some don't play out but overall as long as you have a positive expectancy it keeps you in the green.

G/L
u got feel sorry for some of these guys but im a realist...hey we need them otherwise they wont be any money in forex
  • #280,119
  • May 26, 2011 9:44am May 26, 2011 9:44am
Quoting sphinx8
Sure I gamble, but guess what? so do you
it is a gamble no mattet what science you apply coz if it was not gamble than everybody would be winning only
agreed no one can win all the time . life is a gamble . bet it but with only the strength that you have .
i'm also a gambler . and i never win big. but i always save a little of my winning just in case i lost
Just Newbie Need Guidance From The Expert
  • #280,120
  • Edited 11:43am May 26, 2011 9:46am | Edited 11:43am
Quoting sphinx8
it is funny how all the "Pro's" need to boost up their egos once in a while

well, nature of the human kind no matter the industry
i pointing out the difference and its rich coming from u, especailly since u pm'ing like a nutcase about position in negative and where i think it will go..

dont pm me again..till u learn the difference between a gambler and a trader

bloody cheek!!

edit:- oops actually it wasnt u..my bad
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