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Cable Update (GBPUSD)

  • #280,721
  • Jun 7, 2011 2:00am Jun 7, 2011 2:00am
See on ichi, 30mins, it would close around the top of the cloud, now if it doesnt i continue with the trend, i feel it might b cos 1.6408 is also the top of the ichi cloud, that actually sends a strong signal and strength, but you know what i always trade to expect the unexpected at such regions or resistance.... Also on my 4hr formation, it looks like we aint through yet as this close today might be lower than open, now, a break of 1.6408 would actually confirm or convince me to continue long if we are tops or rebound

Quoting dailyking
i think it will go much higher...
Attached Image (click to enlarge)
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  • #280,722
  • Jun 7, 2011 2:10am Jun 7, 2011 2:10am
ok no pbm. let's wait and see...
  • #280,723
  • Jun 7, 2011 2:16am Jun 7, 2011 2:16am
First major target reached, now is time to watch for more movements, close of this 1hr and next close of the next 1hr would tell. Goodluck yall
  • #280,724
  • Jun 7, 2011 2:16am Jun 7, 2011 2:16am
waiting tp 1.6450
  • #280,725
  • Jun 7, 2011 2:24am Jun 7, 2011 2:24am
dat wld b lovely, but it doesnt work that way, 1.6408 needs to clear the air space else....boom

Quoting avi907
waiting tp 1.6450
  • #280,726
  • Jun 7, 2011 2:26am Jun 7, 2011 2:26am
I would like the cable to come down this week to 1.6290
Ordo ab Chao!
  • #280,727
  • Jun 7, 2011 2:28am Jun 7, 2011 2:28am
From looking at your chart, I guess your trades are mostly indicator based, Fendi?
Gone to a better place
  • #280,728
  • Jun 7, 2011 2:29am Jun 7, 2011 2:29am
Quoting fendi
dat wld b lovely, but it doesnt work that way, 1.6408 needs to clear the air space else....boom
you are right i need some patience
  • #280,729
  • Jun 7, 2011 2:33am Jun 7, 2011 2:33am
I'm looking at a weekly bullish outside bar and a daily bullish outside bar, both of which have yet to play out. I'm holding long until at least 1.67
Gone to a better place
  • #280,730
  • Jun 7, 2011 2:41am Jun 7, 2011 2:41am
Hello, today everything is going fine. (07:22 buy @ 1.6353) trade is already in 55 pips profit. My regular goal for a trade is 100 pips. Hope it will reach TP 1.6453.
  • #280,731
  • Jun 7, 2011 2:44am Jun 7, 2011 2:44am
hI SMIKESTER, i really put alot into my trading i tell you i have been into this biz 4 years now so i have been bitten so manytimes. They are like a guide i told someone here yesterday.... my real method of trading is pattern, then this indicators guide my judgement to taking the trades i take. for instance based on my knowledge of 4hrs setup, i dont expect too much on the upside from g/u, why looking at yesterdays close, this region could just be the only high we make, but if it breaks 1.6408, then it automatically eans setup has changed from one school of thought to the other, meaning plan B. Then the indicators i use them at those regions to look out for breaks or pullback. imo

Quoting smikester
From looking at your chart, I guess your trades are mostly indicator based, Fendi?
  • #280,732
  • Jun 7, 2011 2:46am Jun 7, 2011 2:46am
Waiting to make new highs and i jump in again, 4 now i am out with just 1 trade left.

Quoting smikester
I'm looking at a weekly bullish outside bar and a daily bullish outside bar, both of which have yet to play out. I'm holding long until at least 1.67
  • #280,733
  • Jun 7, 2011 2:51am Jun 7, 2011 2:51am
Quoting fendi
hI SMIKESTER, i really put alot into my trading i tell you i have been into this biz 4 years now so i have been bitten so manytimes. They are like a guide i told someone here yesterday.... my real method of trading is pattern, then this indicators guide my judgement to taking the trades i take. for instance based on my knowledge of 4hrs setup, i dont expect too much on the upside from g/u, why looking at yesterdays close, this region could just be the only high we make, but if it breaks 1.6408, then it automatically eans setup has changed from one...
GU already passed 1.6408 . . .time for plan B.
  • #280,734
  • Jun 7, 2011 2:53am Jun 7, 2011 2:53am
Quoting fendi
Waiting to make new highs and i jump in again, 4 now i am out with just 1 trade left.
Yeah picked up profit the whole way down yesterday & closed that for about 1100 points (110pips is that on a five figure quote?). Bought in at several levels and just hit a buy-stop order - Decided im not going to let this one run, could hit resistance soon so i'm with fendi & im waiting for it break through resistance.

Il take my 550 points and see where this one is heading.

balance now at 135%

Closed up an order so just got a small lot - long from 64035
Attached Image (click to enlarge)
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  • #280,735
  • Jun 7, 2011 3:02am Jun 7, 2011 3:02am
Quoting fendi
so i have been bitten so manytimes.
Same here. Don't give up. When I see a set up like this morning I close some in profit, move my stops up on the (small) remainder and then forget it. I'm hoping those little soldiers will make it to 1.67 or even higher. They rarely do. It's a shame.
Gone to a better place
  • #280,736
  • Jun 7, 2011 3:13am Jun 7, 2011 3:13am
cheers. Looking at the setup, plan B in place already looking all but long. Today closes long, I would be placing Trades tomorrow and would not close them until 1.67 is hit, this bearish movements this few days are setups to take out any intention for bullish traders, once this is cleared, i would keep place buys on swings as long as the bullish pattern or formation doesnt change. Goodluck bro.

Quoting smikester
Same here. Don't give up. When I see a set up like this morning I close some in profit, move my stops up on the (small) remainder and then forget it. I'm hoping those little soldiers will make it to 1.67 or even higher. They rarely do. It's a shame.
  • #280,737
  • Edited 3:29am Jun 7, 2011 3:17am | Edited 3:29am
YEP, Plan B in place bro...... Looking for swings only until todays close.... From 2morrow, i expect all bulls to 1.65, couple of retracement then blow, i wait until 1.67 is reached or possibly around that. Keep fingers crossed, trade with trail profit....... NEVER TAKE YOUR EYE'S OFF THE BULL'S.


Quoting josef
GU already passed 1.6408 . . .time for plan B.

This is my plan if today we close bullish.... The top of the band is sure tomorrow.
Attached Image (click to enlarge)
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  • #280,738
  • Jun 7, 2011 3:42am Jun 7, 2011 3:42am
waiting to short some at orange box


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 144 KB
Hero calls followed by margin calls...
  • #280,739
  • Jun 7, 2011 3:43am Jun 7, 2011 3:43am
Quoting PhAnTi'
waiting to short some at orange box


Attachment
yes, have the same feeling, or better my indicators shows that it has to fall at around 1.645
  • #280,740
  • Jun 7, 2011 3:52am Jun 7, 2011 3:52am
Quoting fendi
YEP, Plan B in place bro...... Looking for swings only until todays close.... From 2morrow, i expect all bulls to 1.65, couple of retracement then blow, i wait until 1.67 is reached or possibly around that. Keep fingers crossed, trade with trail profit....... NEVER TAKE YOUR EYE'S OFF THE BULL'S.





This is my plan if today we close bullish.... The top of the band is sure tomorrow.
Do you use parabolic sar?

what are the inputs?
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