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Cable Update (GBPUSD)

  • #289,201
  • Sep 21, 2011 10:55am Sep 21, 2011 10:55am
I am see GU will shot 154 "Possible" after FOMC Annoucement,Expected Dollar Back and Strenght For the next 6-12 Month "Maybe"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 43 KB
Click to Enlarge Name: USD Index.png Size: 28 KB
If there was easy money lying around,no one would be forcing it into your
  • #289,202
  • Sep 21, 2011 10:59am Sep 21, 2011 10:59am
Bullish divergence plays 3 5 and 15min at the current lo..15min shown below...double regular immediate seperate valley bullish div on the osma (top oscillator) showing a waning in downward momentum in the last 2 x legs down on that t/f ..and sure enough buyers/buying volume overwhelmed sellers/selling volume at that 5577 current daily lo.

G/L
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  • #289,203
  • Sep 21, 2011 11:00am Sep 21, 2011 11:00am
Quoting FXMindset
I am see GU will shot 154 "Possible" after FOMC Annoucement,Expected Dollar Back and Strenght For the next 6-12 Month "Maybe"

Why is that possible? What do you think the US will announce? There is a 50/50 chance of what they will say or do.....more easing means bad for US dollar......no easing.....well I don't think there wil notl be much of a move at all.

What do you think?
I don't trust any move - when you have profit...take it.
  • #289,204
  • Sep 21, 2011 11:15am Sep 21, 2011 11:15am
Quoting FXConveyor
Hi Guys

Long at .5600

5555 is my line in the sand for low of the day and I shall by some more if we reach that target however I think we will see a strong retrace right back up to at least daily open as this is way oversold at moment.

EDIT: BEFORE news this evening we will see at least a 50% retrace from whereever we are at, so my long positions should be reasonably safe.

If I have to enter at 5555 I shall go long to 5650 on both entries 5720 tp on the entry I have open at the moment.

Well, it is trying to get up, but nowhere near enough momentum.

I've closed at 5625. Wait until after news now.

Good luck all.

And just as I close, up 15 pips ----------- never mind, can't catch them all
  • #289,205
  • Sep 21, 2011 11:18am Sep 21, 2011 11:18am
Quoting FXConveyor
Well, it is trying to get up, but nowhere near enough momentum.

I've closed at 5625. Wait until after news now.

Good luck all.

And just as I close, up 15 pips ----------- never mind, can't catch them all

I was having the same feeling but I wanted to give it the close of the candle before I did anything.....looks like you jumped out just when it wanted to move up. I still have my target in sight of yesterdays previous low.
I don't trust any move - when you have profit...take it.
  • #289,206
  • Sep 21, 2011 11:23am Sep 21, 2011 11:23am
Quoting Faller
Why is that possible? What do you think the US will announce? There is a 50/50 chance of what they will say or do.....more easing means bad for US dollar......no easing.....well I don't think there wil notl be much of a move at all.

What do you think?
If u ask my opinion then I think Its time Dollar would be back
and Good Bye For EUR Following GBP (GU Will be affected but not so Big as Eur)

Only my Opinion Bro,I am afraid made these opinion would be attacked later by some Mr.Long

I might be wrong and I am Damn Wrong
If there was easy money lying around,no one would be forcing it into your
  • #289,207
  • Sep 21, 2011 11:24am Sep 21, 2011 11:24am
Quoting Faller
I was having the same feeling but I wanted to give it the close of the candle before I did anything.....looks like you jumped out just when it wanted to move up. I still have my target in sight of yesterdays previous low.
Can't complain, got my 100 pips target today. I've got a small long booked on auto at 5555 tp 5650 just in case we get a bit of whip activitiy just before the news. I'll come back at 7pm to see if I can get a decent trade and watch through til NY close.
  • #289,208
  • Sep 21, 2011 11:27am Sep 21, 2011 11:27am
posting same chart since days...
it now appears on another broker.

im not trading im testing some brokers for the moment.
anyway, price touched 5580 and rejected against that yellow line to actual 5630 again.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 113 KB
90% of traders use TA, indicators and prediction
  • #289,209
  • Sep 21, 2011 11:31am Sep 21, 2011 11:31am
Final update number 5 - Trade closed with profit. Posted is chart with notes.

I exited the trade before my target price because I noticed some real jumpy price action....moments later it was announced that Bank of America was just downgraded.

See chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of GLOBEX~@6BZ1 - 5.jpg Size: 195 KB
I don't trust any move - when you have profit...take it.
  • #289,210
  • Sep 21, 2011 11:33am Sep 21, 2011 11:33am
Quoting FXMindset
If u ask my opinion then I think Its time Dollar would be back
and Good Bye For EUR Following GBP (GU Will be affected but not so Big as Eur)

Only my Opinion Bro,I am afraid made these opinion would be attacked later by some Mr.Long

I might be wrong and I am Damn Wrong

I here you.....I won't bash you for your thoughts. That is all they are...we do not have crystal balls.....just our charts and some news feeds.
I don't trust any move - when you have profit...take it.
  • #289,211
  • Sep 21, 2011 11:33am Sep 21, 2011 11:33am
Discount
not euphoria follower
  • #289,212
  • Sep 21, 2011 11:33am Sep 21, 2011 11:33am
Quoting FXConveyor
Can't complain, got my 100 pips target today. I've got a small long booked on auto at 5555 tp 5650 just in case we get a bit of whip activitiy just before the news. I'll come back at 7pm to see if I can get a decent trade and watch through til NY close.

7pm? where you located?
I don't trust any move - when you have profit...take it.
  • #289,213
  • Sep 21, 2011 12:05pm Sep 21, 2011 12:05pm
Quoting FXConveyor
Can't complain, got my 100 pips target today. I've got a small long booked on auto at 5555 tp 5650 just in case we get a bit of whip activitiy just before the news. I'll come back at 7pm to see if I can get a decent trade and watch through til NY close.

Can I ask where you got that 100 pip move? Did you catch the move down after the news came out?

Thanks.....just curious as to where you entered, why you entered etc......thank you.
I don't trust any move - when you have profit...take it.
  • #289,214
  • Sep 21, 2011 12:07pm Sep 21, 2011 12:07pm
My original target was hit.......I exited early but exiting with profit is better then exiting with nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: Target Was Hit.jpg Size: 196 KB
I don't trust any move - when you have profit...take it.
  • #289,215
  • Sep 21, 2011 12:17pm Sep 21, 2011 12:17pm
Quoting honeybhi
Don't think and trade ,trade what you see on the charts.

It can go on and on and not necessary to retrace after 1000 pips drop.

Wait for daily candle reversal for retracement to start .

Oops! I think i was right ?

Technically and with less experience off course people do wait for breakouts and reversals i agree with that but lets say current price is 1.5666 your breakout is there now if you buy at this price this can be another TOP and price can go 30-40 pips down ? and will hit ur SL

Its not about right or wrong its all about being profitable or not and yes experience matters alot.
anyhow everyone got his own trading style.

I am currently UP by 55 PIPS

Happy Trading.

CheeRs
  • #289,216
  • Sep 21, 2011 12:31pm Sep 21, 2011 12:31pm
Quoting Faller
My original target was hit.......I exited early but exiting with profit is better then exiting with nothing.
True something is better then nothing.

I entered few mins before you just now closed with 50 pips just bcoz Uncle Bernanke is about to appear on TV.
  • #289,217
  • Sep 21, 2011 12:32pm Sep 21, 2011 12:32pm
does the market know what's about to occur????
TRADE FOR SWAP
  • #289,218
  • Sep 21, 2011 12:38pm Sep 21, 2011 12:38pm
Quoting cgldsmth
does the market know what's about to occur????

???? Please tell.....what do you mean?
I don't trust any move - when you have profit...take it.
  • #289,219
  • Sep 21, 2011 12:46pm Sep 21, 2011 12:46pm
Johnny Cash.......for those who care.....

Inserted Video
I don't trust any move - when you have profit...take it.
  • #289,220
  • Sep 21, 2011 12:48pm Sep 21, 2011 12:48pm
Quoting cgldsmth
does the market know what's about to occur????
Market its positioning itself for what is about to occur, probably aiming for 1.57 at FOMC release
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