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Cable Update (GBPUSD)

  • #291,121
  • Oct 25, 2011 2:13am Oct 25, 2011 2:13am
Quoting gsantri
its printed there mate, TimingCharts.com

Seriously, read also their chat on COT indicator forum, old stuff but good (speaking of swing trading).
Why the commercials (blue) so sensitive to the market.
How the large traders (green) so consistent as a trend follower.

how the small speculators (red) always hesitate, late entry and early exit. and that's us to be said
gosh i didnt see!
thank you, looks very interesting!
about small speculators i must agree
90% of traders use TA, indicators and prediction
  • #291,122
  • Oct 25, 2011 2:22am Oct 25, 2011 2:22am
Quoting hardeolhu
am short at 1.5976, dont know whats going on, anyone with an idea of what to do
why did you take the trade in the first place?

In terms of what to do, if you took the trade based on your trading plan then follow the plan, if you took the trade based on gut or what someone suggested in the forum then do a course.

Also if you are using a live account switch to demo immediately, its like golf your first game is great and the rest suck until you know what you are doing.
  • #291,123
  • Oct 25, 2011 2:30am Oct 25, 2011 2:30am
Quoting hardeolhu
am short at 1.5976, dont know whats going on, anyone with an idea of what to do
its a perfect time to stay out of market imo.
until something clear happens
it is still holding DP near 5970 so be careful
90% of traders use TA, indicators and prediction
  • #291,124
  • Edited 3:47am Oct 25, 2011 2:43am | Edited 3:47am
Quoting _BBKing_
its a perfect time to stay out of market imo.
until something clear happens
it is still holding DP near 5970 so be careful
I think so too , markey itself hesitating , should break down logically as the existing up leg last lost the credibility long before but a new wave as wave 3 big may up still . but abnormal are not so uncommon specially while playing in mofu/ any kind patterns & hence the previous levels upside 6110-30 not to ignore or even break through it more up . anyway lets see if close above H1 1.6000. whatever up may will expect down & more next but not till ends at a real top.better wait than risk any more .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,125
  • Oct 25, 2011 2:51am Oct 25, 2011 2:51am
Quoting Pipx
why did you take the trade in the first place?

In terms of what to do, if you took the trade based on your trading plan then follow the plan, if you took the trade based on gut or what someone suggested in the forum then do a course.

Also if you are using a live account switch to demo immediately, its like golf your first game is great and the rest suck until you know what you are doing.

quite simply the fall was a pullback to an extreme..max extreme if u ask me..monthly trendline break and retest..1.65 will be seen..then maybe but not sure 1.7..if it breaks 1.7 and it holds..we are going to 1.89

the indicator here is oil

anything other than big picture..would have got u killed..only the people capable of good chart reading could have seen it..but even then it was risky..nobody knows anything for sure..but u have to go with a plan and stick to it..regardless

anyway looking at 4hr ..u can easily see shorting here is dangerous trend is up

1.65 is a question of time
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  • #291,126
  • Oct 25, 2011 2:57am Oct 25, 2011 2:57am
Quoting _BBKing_
i mean in GU
still not clear if going to get 6030 or lower 59 again.

looks like bit more probable the 6030 but im out for the moment and only scalping some here and some where..
I agree with you. My target for today would be 30-40 pips.

Regards,

Josef
  • #291,127
  • Oct 25, 2011 2:59am Oct 25, 2011 2:59am
Quoting josef
I agree with you. My target for today would be 30-40 pips.

Regards,

Josef

if u must short looking for 1.61 - 1.6115
  • #291,128
  • Oct 25, 2011 3:02am Oct 25, 2011 3:02am
Quoting nAVIN2007
quite simply the fall was a pullback to an extreme..max extreme if u ask me..monthly trendline break and retest..1.65 will be seen..then maybe but not sure 1.7..if it breaks 1.7 and it holds..we are going to 1.89

the indicator here is oil

anything other than big picture..would have got u killed..only the people capable of good chart reading could have seen it..but even then it was risky..nobody knows anything for sure..but u have to go with a plan and stick to it..regardless

anyway looking at 4hr ..u can easily see shorting here is dangerous...
hello bro
yes in my h4 emas crossed up with this actual candle closing within 1hour.
im still waiting a move near 5860. would be a good retest of previous highs before new uptrend. i could stand here waiting till next year so i loaded small long 5990 without targets for the moment.

lets see how much crazy is the market this week!
90% of traders use TA, indicators and prediction
  • #291,129
  • Oct 25, 2011 3:11am Oct 25, 2011 3:11am
Quoting _BBKing_
hello bro
yes in my h4 emas crossed up with this actual candle closing within 1hour.
im still waiting a move near 5860. would be a good retest of previous highs before new uptrend. i could stand here waiting till next year so i loaded small long 5990 without targets for the moment.

lets see how much crazy is the market this week!
what we want to see is consolidation above 1.6..1.65 can only happen if this area turns into support so yur entry will be see quite a few times..so it was smart for scalps


monthly correction is happening
weekly we above the high of last week and dailly too

so its in good shape..u never know how monthly will finish..especially if EU resolve some kind of solution
  • #291,130
  • Oct 25, 2011 3:15am Oct 25, 2011 3:15am
Quoting nAVIN2007
..

the indicator here is oil

..
was thinking the same, WTI about to touch 93.

are we going to see a 'high inflation drama again..
  • #291,131
  • Oct 25, 2011 3:16am Oct 25, 2011 3:16am
On my H1 im seeing prices rising higher , while MACD is going lower. Maybe something we should stand aside and watch.
  • #291,132
  • Oct 25, 2011 3:18am Oct 25, 2011 3:18am
Quoting nAVIN2007
what we want to see is consolidation above 1.6..1.65 can only happen if this area turns into support so yur entry will be see quite a few times..so it was smart for scalps


monthly correction is happening
weekly we above the high of last week and dailly too

so its in good shape..u never know how monthly will finish..especially if EU resolve some kind of solution
heavy MM there but will stop it anywhere below 5860
im actually waitin for gov.king speaking if something happens!
90% of traders use TA, indicators and prediction
  • #291,133
  • Oct 25, 2011 3:23am Oct 25, 2011 3:23am
Quoting nAVIN2007
quite simply the fall was a pullback to an extreme..max extreme if u ask me..monthly trendline break and retest..1.65 will be seen..then maybe but not sure 1.7..if it breaks 1.7 and it holds..we are going to 1.89

the indicator here is oil

anything other than big picture..would have got u killed..only the people capable of good chart reading could have seen it..but even then it was risky..nobody knows anything for sure..but u have to go with a plan and stick to it..regardless

anyway looking at 4hr ..u can easily see shorting here is dangerous...
hi Navin, what kind of timeframe do you think 1.65 will be hit?
  • #291,134
  • Oct 25, 2011 3:24am Oct 25, 2011 3:24am
Quoting _BBKing_
heavy MM there but will stop it anywhere below 5860
im actually waitin for gov.king speaking if something happens!
1.60 holding is key..lot of emas there

gold and oil will help
  • #291,135
  • Oct 25, 2011 3:25am Oct 25, 2011 3:25am
Quoting SlickFX
hi Navin, what kind of timeframe do you think 1.65 will be hit?

monthly..next month

1.65-1.66
  • #291,136
  • Oct 25, 2011 3:41am Oct 25, 2011 3:41am
Quoting nAVIN2007
monthly..next month

1.65-1.66
thanks
  • #291,137
  • Oct 25, 2011 4:00am Oct 25, 2011 4:00am
Went long at 1.5970 10 minutes ago.

Now - waiting.

Regards,

Josef
  • #291,138
  • Oct 25, 2011 4:25am Oct 25, 2011 4:25am
Just checking other usd pair without usd itself , usdchf & usdjpy . both need more strength against usd now , usdchf need the correction before up if possible while usdjpy need the wave down to new lows though on good support right now before any attempt up in correction. that is usd weak immediate ( few days as seeing them in daily tf ) term still & for gu, eu any great breakout down very suspecious at the same time , abnormal, craziness, pattern, mofu or with anyway may try up till settle !!

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,139
  • Oct 25, 2011 4:32am Oct 25, 2011 4:32am
cant see 1.60 being take out. Especially when the dow is so close to 12000 and market risk should turn at that level.

Going short at 1.60
  • #291,140
  • Oct 25, 2011 4:38am Oct 25, 2011 4:38am
Dark Cloud Cover on the open , starting to make it look a bit toppy - though trend still bullish - it's a mixed bag
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