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Cable Update (GBPUSD)

  • #298,541
  • Jan 18, 2012 6:02pm Jan 18, 2012 6:02pm
Quoting inpatient
both, 2 seperate trades both needing to go down, im actually dangerously close to wiping my account out (maybe 70 pips north and i will be done).

Not a good feeling!

Don't be afraid to cut it off.....my measured move shows an up move of at least 70 pips tonight........

Take care.

Faller
I don't trust any move - when you have profit...take it.
  • #298,542
  • Jan 18, 2012 6:05pm Jan 18, 2012 6:05pm
Quoting _BBKing_
ah ok!
now its clear!
oh well! thank you! and sorry i totaly misunderstood!
You're Welcome..
Have a nice trading day....
  • #298,543
  • Jan 18, 2012 6:08pm Jan 18, 2012 6:08pm
Quoting Ill-b-back
Still waiting to short this mofo
Might be sold off during Asian session but probably continue with yesterday move up as the day goes on, but then, anything can happen, good luck
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It takes a lot for me to IGNORE you, but you can try.
  • #298,544
  • Jan 18, 2012 6:09pm Jan 18, 2012 6:09pm
Quoting inpatient
both, 2 seperate trades both needing to go down, im actually dangerously close to wiping my account out (maybe 70 pips north and i will be done).

Not a good feeling!
omg!
burn account with such a "tight" move means 2 things:
1. your positions are too heavy!
2. since they are heavy you should have closed immediatly at first clear signal they were out of way and reverse or wait another better entry.

actually GU main supply is near 5450-70 (pip more pip less) and there is nothing which can assure you actually that price will go there and come back into 53 area!

why you went short?
we should, in every single candle, remember reasons of our position, because then we easy ends searching reason to hold positions.

while if simply once the reason yu got the trade is not anymore in charts, it becomes very easy to close and reverse it!
90% of traders use TA, indicators and prediction
  • #298,545
  • Jan 18, 2012 6:11pm Jan 18, 2012 6:11pm
Quoting Faller
Don't be afraid to cut it off.....my measured move shows an up move of at least 70 pips tonight........

Take care.

Faller
What is a measured move? and how do you ... measure it?

Is that like a ADR or ATR indicator?

See my chart last post, there is ADR on there, dynamic, adjusts for the daily price action, very good too.

Thanks, E.
It takes a lot for me to IGNORE you, but you can try.
  • #298,546
  • Jan 18, 2012 6:11pm Jan 18, 2012 6:11pm
Quoting Erebus
Might be sold off during Asian session but probably continue with yesterday move up as the day goes on, but then, anything can happen, good luck
I'm looking for a big move of 150-200 pips or more
Come with me if you want to live....
  • #298,547
  • Jan 18, 2012 6:13pm Jan 18, 2012 6:13pm
Quoting adianto
You're Welcome..
Have a nice trading day....
90% of traders use TA, indicators and prediction
  • #298,548
  • Jan 18, 2012 6:15pm Jan 18, 2012 6:15pm
Quoting Ill-b-back
I'm looking for a big move of 150-200 pips or more

North or South?
I don't trust any move - when you have profit...take it.
  • #298,549
  • Jan 18, 2012 6:21pm Jan 18, 2012 6:21pm
in my charts.. i see a pullback to 5390 or even 5370 before it will be bullish again maybe?
  • #298,550
  • Jan 18, 2012 6:24pm Jan 18, 2012 6:24pm
Quoting jackcheah
in my charts.. i see a pullback to 5390 or even 5370 before it will be bullish again maybe?
you could be right!
who knows?!
depends what you mean by bullish!
if you mean before going into 1.55 its very possible!
if you mean before going 5450.60 mmm be careful

could you please post your chart?
90% of traders use TA, indicators and prediction
  • #298,551
  • Jan 18, 2012 6:25pm Jan 18, 2012 6:25pm
Quoting Faller
North or South?
South but not until we are higher prob 56ish. Will wait for a signal though
Come with me if you want to live....
  • #298,552
  • Jan 18, 2012 6:43pm Jan 18, 2012 6:43pm
Selling from here with T/P at around 5100-5200 or Daily Weekly UTL. Reason: 2 Fib levels, ( 31.8 and 50% ), both pulled from the Daily chart. Stop should be good around 5530 area. Nice R&R
Please do not vouch for me.
  • #298,553
  • Jan 18, 2012 6:55pm Jan 18, 2012 6:55pm
Quoting spillini
Selling from here with T/P at around 5100-5200 or Daily Weekly UTL. Reason: 2 Fib levels, ( 31.8 and 50% ), both pulled from the Daily chart. Stop should be good around 5530 area. Nice R&R
i must admit that i completely forgot about daily fibo!
what you say is not out of cards
its a very possible scenario!

i wait anyway reversal sings in hourly timeframes, actually can go easy near 1.5500 line so better pick short there or lower after confirmation.

a good confirmation should be a peak in actual hourly upchannel or best when price loose it down and re-test from the back!
90% of traders use TA, indicators and prediction
  • #298,554
  • Jan 18, 2012 7:01pm Jan 18, 2012 7:01pm
IF, Greece is downgraded, it would be the catylist to start the waterfall. and 4800 would be my long term profit for half my load. I see a huge selloff soon...I can just feel it.


Quoting _BBKing_
i must admit that i completely forgot about daily fibo!
what you say is not out of cards
its a very possible scenario!

i wait anyway reversal sings in hourly timeframes, actually can go easy near 1.5500 line so better pick short there or lower after confirmation.

a good confirmation should be a peak in actual hourly upchannel or best when price loose it down and re-test from the back!
Please do not vouch for me.
  • #298,555
  • Jan 18, 2012 7:03pm Jan 18, 2012 7:03pm
Quoting _BBKing_
i must admit that i completely forgot about daily fibo!
what you say is not out of cards
its a very possible scenario!

i wait anyway reversal sings in hourly timeframes, actually can go easy near 1.5500 line so better pick short there or lower after confirmation.

a good confirmation should be a peak in actual hourly upchannel or best when price loose it down and re-test from the back!
Hey cool BB, watching the same
Come with me if you want to live....
  • #298,556
  • Jan 18, 2012 7:05pm Jan 18, 2012 7:05pm
Also, check out the low on 12/14 for some added res.
Please do not vouch for me.
  • #298,557
  • Jan 18, 2012 7:11pm Jan 18, 2012 7:11pm
Quoting spillini
IF, Greece is downgraded, it would be the catylist to start the waterfall. and 4800 would be my long term profit for half my load. I see a huge selloff soon...I can just feel it.
uhm so much down i dont know... but just today was asking myself about that lower weekly TL near 5150

lets see what will this weekly candle say after closing!
90% of traders use TA, indicators and prediction
  • #298,558
  • Jan 18, 2012 7:12pm Jan 18, 2012 7:12pm
Quoting Ill-b-back
Hey cool BB, watching the same

between 1.5470-1.5530 i will search if possible short it.
let s see if goes!

i need to sleep now.
see you all tomorrow
90% of traders use TA, indicators and prediction
  • #298,559
  • Jan 18, 2012 7:15pm Jan 18, 2012 7:15pm
Quoting spillini
IF, Greece is downgraded, it would be the catylist to start the waterfall. and 4800 would be my long term profit for half my load. I see a huge selloff soon...I can just feel it.
What is there current rating?
Come with me if you want to live....
  • #298,560
  • Jan 18, 2012 7:25pm Jan 18, 2012 7:25pm
Still trying to figure that one out. But you can bet there will be bad news, and if there is bad news there will be a drop.

Quoting Ill-b-back
What is there current rating?
Please do not vouch for me.
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