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Cable Update (GBPUSD)

  • #290,921
  • Oct 20, 2011 12:36am Oct 20, 2011 12:36am
Quoting factorof2
I'll be interested to see where the cable goes starting with Asia. The 4H chart is sitting in the middle of a 20 period bollinger band slowly gaining a little but the EMA 60 is still kind of hovering below the bands. I'm currently in favor of maybe a little correction up during Asia and then some shorts tomorrow with London. The 1H chart is sitting at a 38.2% fib level on the gains starting late yesterday but the top of that is also resistance for the 13th and 14th of last week with another resistance of 1.5816x in between. I feel like my overall...
I really need to start entering trades
  • #290,922
  • Oct 20, 2011 12:45am Oct 20, 2011 12:45am
as plannend i picked long near the line.
small one coz no confirmation yet
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  • #290,923
  • Oct 20, 2011 12:48am Oct 20, 2011 12:48am
Quoting factorof2
I really need to start entering trades
uhm yes maybe!
sorry if i ask but.. why you inverted candles colors? i mean red upcandle n green downcandle? doesn't it confuse you?
90% of traders use TA, indicators and prediction
  • #290,924
  • Oct 20, 2011 12:52am Oct 20, 2011 12:52am
Quoting _BBKing_
uhm yes maybe!
sorry if i ask but.. why you inverted candles colors? i mean red upcandle n green downcandle? doesn't it confuse you?
Actually it doesn't. For some reason, I associate red with bulls I guess because I've seen enough bullfighting videos (and been around enough bulls, being from Texas) that red is the color that makes sense to me. I don't really associate the green with anything in particular I only use green because it stands in good contrast to the red.

I suppose I see charts more in just patterns as I scan across them. For instance when I look at your charts, I don't even notice the color difference from yours to mine, I just see the ups and downs and the retraces in between are where the colors come out to me.
  • #290,925
  • Oct 20, 2011 12:57am Oct 20, 2011 12:57am
Quoting factorof2
Actually it doesn't. For some reason, I associate red with bulls I guess because I've seen enough bullfighting videos (and been around enough bulls, being from Texas) that red is the color that makes sense to me. I don't really associate the green with anything in particular I only use green because it stands in good contrast to the red.

I suppose I see charts more in just patterns as I scan across them. For instance when I look at your charts, I don't even notice the color difference from yours to mine, I just see the ups and downs and the...
ok
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  • #290,926
  • Oct 20, 2011 1:10am Oct 20, 2011 1:10am
Quoting factorof2
Actually it doesn't. For some reason, I associate red with bulls I guess because I've seen enough bullfighting videos (and been around enough bulls, being from Texas) that red is the color that makes sense to me. I don't really associate the green with anything in particular I only use green because it stands in good contrast to the red.

I suppose I see charts more in just patterns as I scan across them. For instance when I look at your charts, I don't even notice the color difference from yours to mine, I just see the ups and downs and the...
a good reason there... if the bulls sees red it will go there... hahaha...
  • #290,927
  • Oct 20, 2011 1:20am Oct 20, 2011 1:20am
Quoting _BBKing_
as plannend i picked long near the line.
small one coz no confirmation yet
http://www.forexfactory.com/showthre...15#post5055915
90% of traders use TA, indicators and prediction
  • #290,928
  • Oct 20, 2011 1:31am Oct 20, 2011 1:31am
Quoting _BBKing_
http://www.forexfactory.com/showthre...15#post5055915
I see u want to catch some little dipper on smaller tf there... good luck king..
  • #290,929
  • Oct 20, 2011 1:38am Oct 20, 2011 1:38am
Quoting Johnny Depp
I see u want to catch some little dipper on smaller tf there... good luck king..
yes got a bit position.
trailing stop triggers @5730
lets see
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  • #290,930
  • Oct 20, 2011 1:57am Oct 20, 2011 1:57am
Quoting _BBKing_
yes got a bit position.
trailing stop triggers @5730
lets see
it will go more then that actually... if u play it on daily tf or lower then that... but comes to weekly tf going down is actually alittle dipper... and on daily tf the cable will going down after weekly tf goes weak on bulls... and u know what... I cant wait to see that.... at the end of this year... bear r going down coz it see more fish down there... of coz after bulls got hit his red some where ... hahahaha... what a joke for today...
  • #290,931
  • Oct 20, 2011 2:04am Oct 20, 2011 2:04am
Quoting Johnny Depp
it will go more then that actually... if u play it on daily tf or lower then that... but comes to weekly tf going down is actually alittle dipper... and on daily tf the cable will going down after weekly tf goes weak on bulls... and u know what... I cant wait to see that.... at the end of this year... bear r going down coz it see more fish down there... of coz after bulls got hit his red some where ... hahahaha... what a joke for today...
mmm
GU is at beginning of new downtrend imo....
i simply "scalped" betting a possible move to DP

out +2 while writing
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  • #290,932
  • Oct 20, 2011 2:23am Oct 20, 2011 2:23am
i stay out for a while.
not clearly bouncing
not clearly breaking down
90% of traders use TA, indicators and prediction
  • #290,933
  • Oct 20, 2011 2:29am Oct 20, 2011 2:29am
Quoting _BBKing_
mmm
GU is at beginning of new downtrend imo....
i simply "scalped" betting a possible move to DP

out +2 while writing
there a rumors that says it going to be a 2 dip recession before cable going up for a while on weekly tf... just be carefull...
  • #290,934
  • Oct 20, 2011 3:42am Oct 20, 2011 3:42am
All trader may just see a graphical user interface... LOL...
even on a good news on Pound, they still sell... LOL...
  • #290,935
  • Oct 20, 2011 3:50am Oct 20, 2011 3:50am
Morning, I'm in with long setup.

1.5720 targeting 1.5840 area with 40 pips stop loss.

Regards,

Josef
  • #290,936
  • Oct 20, 2011 3:50am Oct 20, 2011 3:50am
Quoting untusoft
All trader may just see a graphical user interface... LOL...
even on a good news on Pound, they still sell... LOL...
It's a common trap with Cable..pair move at other direction to the news & kick most of the news trader..But after quite a move & people start to follow them,the price reverse to the news direction....That's why I never trade the news ..Good Luck !!
  • #290,937
  • Oct 20, 2011 4:04am Oct 20, 2011 4:04am
Quoting andri66
It's a common trap with Cable..pair move at other direction to the news & kick most of the news trader..But after quite a move & people start to follow them,the price reverse to the news direction....That's why I never trade the news ..Good Luck !!
u got that right.... news are just a made up.. just in case u asking why thing is hapenning ... then the news will answer.. ooo its because obama have a tea with beyonce...hahaha... what a joke...
  • #290,938
  • Oct 20, 2011 4:32am Oct 20, 2011 4:32am
Quoting josef
Morning, I'm in with long setup.

1.5720 targeting 1.5840 area with 40 pips stop loss.

Regards,

Josef
i did very similar but did not post was too dangerous trade
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  • #290,939
  • Oct 20, 2011 5:05am Oct 20, 2011 5:05am

Quoting _BBKing_
i did very similar but did not post was too dangerous trade
not euphoria follower
  • #290,940
  • Oct 20, 2011 5:05am Oct 20, 2011 5:05am
Channel up , looking for perfect entry point .
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