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Cable Update (GBPUSD)

  • #293,021
  • Nov 22, 2011 6:34pm Nov 22, 2011 6:34pm
Hello there,

After a day of consolidation following Monday's selloff,

I'm seeing a bottom formation in the making on the longer TF chart;

i.e. nice bounce off lower DTL earlier

As a result I regard the current levels as attractive for building of bullish positions M/T

I'm taking a long entry here @ 1.5640 in Cable

We'll see how this position develops

Cu2moro
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #293,022
  • Nov 22, 2011 6:51pm Nov 22, 2011 6:51pm
Quoting redsword11
Attachment



out some, locked


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  • #293,023
  • Nov 22, 2011 7:05pm Nov 22, 2011 7:05pm
Quoting redsword11
Attachment


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out, assuming cycle is complete
  • #293,024
  • Nov 22, 2011 7:13pm Nov 22, 2011 7:13pm
great man

few crumbs short frm 52

cheerz

Quoting redsword11
Attachment
We cannot direct the winds but we can adjust our sail.
  • #293,025
  • Nov 22, 2011 7:21pm Nov 22, 2011 7:21pm
still bearish
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #293,026
  • Nov 22, 2011 7:28pm Nov 22, 2011 7:28pm
Lower high, lower lows and Monthly MACD (red and blue lines) rolling over.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #293,027
  • Nov 22, 2011 7:33pm Nov 22, 2011 7:33pm
Quoting GlobalMacro
Hello there,

After a day of consolidation following Monday's selloff,

I'm seeing a bottom formation in the making on the longer TF chart;

i.e. nice bounce off lower DTL earlier

As a result I regard the current levels as attractive for building of bullish positions M/T

I'm taking a long entry here @ 1.5640 in Cable

We'll see how this position develops

Cu2moro
i see h4..... potential up trend...... 161.8 and 261.8...swing ...

http://my.jetscreenshot.com/6252/m_2...-fs1p-98kb.jpg
  • #293,028
  • Nov 22, 2011 7:35pm Nov 22, 2011 7:35pm
Quoting Ill-b-back
Lower high, lower lows and Monthly MACD (red and blue lines) rolling over.
if you trade base on divergence...at h4...AO...have divergence....maybe retracement....be careful
  • #293,029
  • Nov 22, 2011 8:17pm Nov 22, 2011 8:17pm
Quoting TauTrader
Good day to you,

Just quickly popping in before I run off again. GU - in my view - not ready to long yet. Although a test of the low of last week @ 1.5689 area is not out of the question, I am expecting a further leg down with 1.5490 not too strange a target.

But leaving her alone for now.

I did however place a short on EU this morning @ 1.3499 to get to the lower 1.34xx - so will see.
Good day to you,

Yesterday's EU was held onto and added to. I am closing now...

On GU - I believe we are in bying dips mode again for the short term and I am thinking that it may turn into a more sustained reversal from these levels... who knows?

I am slowly going to start building a long with 1st entry @ 1.5606

Regards
Attached Image (click to enlarge)
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  • #293,030
  • Nov 22, 2011 8:19pm Nov 22, 2011 8:19pm
bought @ 1.56120
  • #293,031
  • Nov 22, 2011 8:35pm Nov 22, 2011 8:35pm
Quoting redsword11
bought @ 1.56120

China HSBC Flash Manufacturing PMI data out NEGATIVE: 48.0 prev. 51.
usually us dollar up in asia
  • #293,032
  • Nov 22, 2011 8:55pm Nov 22, 2011 8:55pm
Quoting TauTrader
Good day to you,

Yesterday's EU was held onto and added to. I am closing now...

On GU - I believe we are in bying dips mode again for the short term and I am thinking that it may turn into a more sustained reversal from these levels... who knows?

I am slowly going to start building a long with 1st entry @ 1.5606

Regards
Good day to you,

Will add a bit on lower trendline should this be reached, as I may be slightly early. My 4hr and weekly in agreement, but daily not yet....so, for me - it's long on dips as a "safer" option for now... But trade your own plan

All success to you all
Regards
Attached Image (click to enlarge)
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  • #293,033
  • Nov 22, 2011 8:55pm Nov 22, 2011 8:55pm
Quoting gsantri
China HSBC Flash Manufacturing PMI data out NEGATIVE: 48.0 prev. 51.
usually us dollar up in asia

l don't read anything fundie and pay no attention to any news whatsoever


l do know when news is realized but thats all



added north @ 1.56060
  • #293,034
  • Nov 22, 2011 8:59pm Nov 22, 2011 8:59pm
Quoting redsword11
l don't read anything fundie and pay no attention to any news whatsoever


l do know when news is realized but thats all



added north @ 1.56060


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out earlier buy @ entry, locked add
  • #293,035
  • Nov 22, 2011 9:32pm Nov 22, 2011 9:32pm
Quoting redsword11
l don't read anything fundie and pay no attention to any news whatsoever


l do know when news is realized but thats all



added north @ 1.56060
seeing how you trade you do not need it.

I wish to be as good as you.. someday
  • #293,036
  • Nov 22, 2011 9:38pm Nov 22, 2011 9:38pm
Quoting gsantri
seeing how you trade you do not need it.

I wish to be as good as you.. someday
nah, don't discount yourself



would like to ask you a favour, what time did this report you mentioned come out?
  • #293,037
  • Nov 22, 2011 9:44pm Nov 22, 2011 9:44pm
Quoting redsword11
nah, don't discount yourself



would like to ask you a favour, what time did this report you mentioned come out?
around 1 hr ago, 02.30 GMT
  • #293,038
  • Nov 22, 2011 9:47pm Nov 22, 2011 9:47pm
Quoting gsantri
around 1 hr ago, 02.30 GMT

ok, thanks
  • #293,039
  • Nov 22, 2011 10:13pm Nov 22, 2011 10:13pm
Quoting Mr_H
if you trade base on divergence...at h4...AO...have divergence....maybe retracement....be careful
Hi, yes thx for that. Yesterdays holiday has contributed to a slightly bullish divergence i feel so I didn't pay much attention to it. We smashed thru the daily trendline on Monday and while a GU retrace is a medium possibility, I feel the news about IMF supporting stable countries only, may hasten a risk off in Europe and a dollar rush. If it does spike up, I will be in for a better priced short and double my money as I only see more downside. Thx dude.
Come with me if you want to live....
  • #293,040
  • Nov 22, 2011 10:57pm Nov 22, 2011 10:57pm
Quoting TauTrader
Good day to you,

Will add a bit on lower trendline should this be reached, as I may be slightly early. My 4hr and weekly in agreement, but daily not yet....so, for me - it's long on dips as a "safer" option for now... But trade your own plan

All success to you all
Regards
Closed for +7. Gonna see if I can get a better entry.

Regards
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