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Cable Update (GBPUSD)

  • #296,021
  • Dec 29, 2011 7:14am Dec 29, 2011 7:14am
  • #296,022
  • Edited 7:45am Dec 29, 2011 7:23am | Edited 7:45am
mofu in both eu & gu , also in au .
working little different may be with lots iof uncertainities in movements next .here in gu limit for bear 5419 in the smaller wave in mofu , can't be reliable but want see if works .
fontu

5419 broken & watch level goes to mofu top 5437 , breaks will watch breaks again 5470 for correction up , not sell may start for the down for 5323 or low , cretical situation !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,023
  • Dec 29, 2011 7:28am Dec 29, 2011 7:28am
seem like the market waiting news to trigger the move now so they could come up with a reason now
  • #296,024
  • Dec 29, 2011 8:19am Dec 29, 2011 8:19am
scalp..
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  • #296,025
  • Dec 29, 2011 8:24am Dec 29, 2011 8:24am
Quoting fontu
checking from home , bear continued in a mofu/5th extension mode , next level 5323. anyway now can level it as fobic effects & no correction taken place yet or wave down not yet ended.not good for bull for timebeing but at the same time not good for bear also as it may even end the whole 5th to crush bear & bull/trend change may start !!
so lets see around 5323 if the correction come back . mofu alwqays uncertain!! all long, short may play within & carefull everywhere .
fontu
Explain what is a MOFU Mode thnx
  • #296,026
  • Dec 29, 2011 8:25am Dec 29, 2011 8:25am
Quoting Kang_Gun
In my opinion GBPUSD base on Up Wave DE (Check my pict below) is still in developing Consensus Area phase (I assume EF range is Consensus Area for this moment). I buy at 1.5365 around Standard Deviation -1 that i measure from point D, cut loss will be taken if price play below Standard Deviaton -1 and the target (i wish) around 1.58xx.

KG
SALAM KG...my "GURU"
  • #296,027
  • Dec 29, 2011 8:34am Dec 29, 2011 8:34am
hello guys
i really hope every one doing well and respecting main trend

im not trading today + tomorrow (excluding a fast trade in EU (short) lol)
be careful searching buys!!
wait a confirmation in charts, at least h1 reversal pattern or something like that! scalping always allowed
90% of traders use TA, indicators and prediction
  • #296,028
  • Dec 29, 2011 8:37am Dec 29, 2011 8:37am
Quoting at2au
Explain what is a MOFU Mode thnx
Gator's invention referring price turmoils around 50% fibs where it can take change any direction , to me ususally I refer to 5th extension of any wave with increased amount of uncertainity. .
please search this forum about for more information .
Thanks .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,029
  • Dec 29, 2011 8:45am Dec 29, 2011 8:45am
[quote=_BBKing_;5253961]hello guys
i really hope every one doing well and respecting main trend

im not trading today + tomorrow (excluding a fast trade in EU (short) lol)
be careful searching buys!!
wait a confirmation in charts, at least h1 reversal pattern or something like that! scalping always allowed :
  • #296,030
  • Dec 29, 2011 10:14am Dec 29, 2011 10:14am
So all 3 ladies working separately now , au corrected & down perhaps then to end wave , gu down from mofu top for at least d bottom , 5366 to down 5337 or 5288 , eu still on top stagerring breaks 2900 & hold may to 2838 down possible .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,031
  • Dec 29, 2011 10:16am Dec 29, 2011 10:16am
Quoting abdul_halim
scalp..
update..target..ractangle box
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  • #296,032
  • Dec 29, 2011 10:41am Dec 29, 2011 10:41am
was going around charts to understand the reason why GU keep falling while the bitch (EU) still stable near 1.29

maybe EUR GBP was in need of a correction up and GBP AUD was in need to test this low again!

any other reasons?
90% of traders use TA, indicators and prediction
  • #296,033
  • Dec 29, 2011 11:00am Dec 29, 2011 11:00am
take 2 test position, one is on the cable at about low of the price and swissy due to the shooting star in 4h.

since there's no break of 9450 for swissy (break means candle closed above that price), i'm gonna take chances long cable and short swissy.

atm no position for fiber as i was taken out by the shakeout.. damn it.. lol, and i don't want to enter long fiber above 2910, i prefer 2910 and below. also no close below 2885 for fiber.. due to the nature of counter trend, this will be a hit and run positions (depending on the momentum of the price).
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  • #296,034
  • Dec 29, 2011 11:25am Dec 29, 2011 11:25am
i think fiber going back to 2900 might not happen but still i just place my PO there and wait on how the daily will closed and make decision on my entry tomorrow..
  • #296,035
  • Dec 29, 2011 12:05pm Dec 29, 2011 12:05pm
Quoting fontu
So all 3 ladies working separately now , au corrected & down perhaps then to end wave , gu down from mofu top for at least d bottom , 5366 to down 5337 or 5288 , eu still on top stagerring breaks 2900 & hold may to 2838 down possible .
fontu
Ist au , then eu & gu about to follow , breaking channel to up , so correction at last decided to fall together ? or in order . may be next day then .gu bottom to start perhaps .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,036
  • Dec 29, 2011 12:05pm Dec 29, 2011 12:05pm
this is a stupid and reckless position by me in fiber. the position was triggered after the breakout candle in 1h without me realizing that it is a resistance in 4h.

since it has been triggered, i will cut the pos if the price go below 2930.
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  • #296,037
  • Dec 29, 2011 12:17pm Dec 29, 2011 12:17pm
Quoting PoundTrader
thats the way , just waiting for next reversal signal. My last one at 5447 or so met one criteria but not the other, so was a false 1 hr signal but went for it (lesson learnt). Made up for it with small short scalp at 5415.
Come with me if you want to live....
  • #296,038
  • Dec 29, 2011 12:21pm Dec 29, 2011 12:21pm
Quoting A-speculator
this is a stupid and reckless position by me in fiber. the position was triggered after the breakout candle in 1h without me realizing that it is a resistance in 4h.

since it has been triggered, i will cut the pos if the price go below 2930.
once broken up should continue more correction as per morning sees today .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,039
  • Dec 29, 2011 12:27pm Dec 29, 2011 12:27pm
Quoting fontu
once broken up should continue more correction as per morning sees today .
fontu
Perhaps, my key level is the high of the previous candle before the breakout candle. if price can go to that level, i think it will go down more, that is why i will cut the position if it go beyond that level.

afterall, it's really a reckless positioning which i think someone might learn from it.

the thing is, it might go up, but it's not a good trading practice by trading without "consulting" the 4h.. lol.
  • #296,040
  • Dec 29, 2011 12:35pm Dec 29, 2011 12:35pm
Quoting Ill-b-back
thats the way , just waiting for next reversal signal. My last one at 5447 or so met one criteria but not the other, so was a false 1 hr signal but went for it (lesson learnt). Made up for it with small short scalp at 5415.
just begining my friend, watch and learn
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