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Cable Update (GBPUSD)

  • #301,641
  • Feb 27, 2012 1:10pm Feb 27, 2012 1:10pm
i will eat my notebook if it not touches 1.58 today
  • #301,642
  • Feb 27, 2012 1:16pm Feb 27, 2012 1:16pm
Quoting Donny_aw
I almost die... just a little equity left... Now trying to keep solvent. Now, is this still going north? Or already bearish and go south to 1.5270...?

Any analysis, please? Thanks...

donny
Quoting bbakker
Short-term we should see 1.5805. Therefore short at 1.5845 with SL above 1.5870 and TP at 1.5805. For me this is a shit RR trade and I am not taking it. Maybe you should wait for London close in 6 mins and then see what NY does, but at the moment there is downside pressure.

1.5270? Why are you trying to shoot for the stars???
Quoting Donny_aw
Oh, no... i just remember when we get there... certainly won't shoot anything. Thanks a lot!

Did you catch the trade Donny?
  • #301,643
  • Edited 1:58pm Feb 27, 2012 1:30pm | Edited 1:58pm
Quoting bbakker
It was a high-risk trade without confirmation, hence the tight SL and small exposure. I lost 0.1% of my account there, so no big deal.

It looked like a nice SS style trade on h1 with nice departure and arrival from the zone, but in this instance, it didn't quite work out.

Watching m5/m15 to see a base form and take it from there with no new LL. Here is a chart with a couple of lines of interest -

Attachment

I will go in a little bit heavier next time round. Patience is a virtue in this game!
Bullish signs on m5 taking out previous swing high. Wait for price to make a double bottom or HL now. The main move will probably not happen until Asia open I would say.

Attached Image (click to enlarge)
Click to Enlarge Name: 120227_GBPAUD_m15.png Size: 29 KB
  • #301,644
  • Feb 27, 2012 1:45pm Feb 27, 2012 1:45pm
Good day all! Current pinch play with support cluster @ 5808.. Depending in how price acts her I will close some of these shorts..5745 TP1 with LTL breach.. Battle chart attached..GL!
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr.gif Size: 34 KB
  • #301,645
  • Feb 27, 2012 1:57pm Feb 27, 2012 1:57pm
Quoting nc_trader
GBP/USD is now on a important resistence zone.
I believe it will pullback to 1.565 zone
http://img580.imageshack.us/img580/6632/gbpusdj.jpg
Uploaded with ImageShack.us

Continuation, nice trade

http://img714.imageshack.us/img714/3608/catswj.jpg
Uploaded with ImageShack.us
  • #301,646
  • Feb 27, 2012 2:00pm Feb 27, 2012 2:00pm
Quoting torkay77
i will eat my notebook if it not touches 1.58 today
Are you sure ?
Always looking the GREAT, never left GOOD Point...
  • #301,647
  • Feb 27, 2012 2:10pm Feb 27, 2012 2:10pm
it would be my second this month
  • #301,648
  • Feb 27, 2012 3:09pm Feb 27, 2012 3:09pm
Quoting torkay77
it would be my second this month
Notebook eater

nice one
  • #301,649
  • Feb 27, 2012 3:23pm Feb 27, 2012 3:23pm
Quoting torkay77
it would be my second this month
MISS 9 Pips, only
Then....
Always looking the GREAT, never left GOOD Point...
  • #301,650
  • Feb 27, 2012 3:52pm Feb 27, 2012 3:52pm
1.5809 is the same as rounded 1.58
  • #301,651
  • Feb 27, 2012 4:32pm Feb 27, 2012 4:32pm
Update H4 Chart...

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-28_Cable H4 Chart.jpg Size: 223 KB
Always looking the GREAT, never left GOOD Point...
  • #301,652
  • Feb 27, 2012 4:36pm Feb 27, 2012 4:36pm
hello all
work in progress.
i still have not a plan...
waiting patiently
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 107 KB
90% of traders use TA, indicators and prediction
  • #301,653
  • Feb 27, 2012 5:11pm Feb 27, 2012 5:11pm
Quoting _BBKing_
hello all
work in progress.
i still have not a plan...
waiting patiently
5780 looks to be of some importance here. Last bar right at 50% of last one also..I'm looking for some clues here too...GL!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 45 KB
Click to Enlarge Name: gu daily zoom.gif Size: 35 KB
  • #301,654
  • Feb 27, 2012 5:57pm Feb 27, 2012 5:57pm
IF it breaks through 583x resistance, blast off
  • #301,655
  • Feb 27, 2012 7:07pm Feb 27, 2012 7:07pm
Quoting bbakker
Did you catch the trade Donny?
Yep... much better now, thank you
  • #301,656
  • Feb 27, 2012 7:11pm Feb 27, 2012 7:11pm
Quoting Donny_aw
Yep... much better now, thank you

glad to see you are still around.....

we all take bumps and bruises along the way....
I don't trust any move - when you have profit...take it.
  • #301,657
  • Feb 27, 2012 7:56pm Feb 27, 2012 7:56pm
from where i can see 4H chart is howing reversal,
likely possible to touch
stop above 1.5930

GBP/JPY Targets are 126.05
Stop above 128.08

i hope it will work out
  • #301,658
  • Feb 27, 2012 10:11pm Feb 27, 2012 10:11pm
Quoting bbakker
It was a high-risk trade without confirmation, hence the tight SL and small exposure. I lost 0.1% of my account there, so no big deal.

It looked like a nice SS style trade on h1 with nice departure and arrival from the zone, but in this instance, it didn't quite work out.

Watching m5/m15 to see a base form and take it from there with no new LL. Here is a chart with a couple of lines of interest -

Attachment

I will go in a little bit heavier next time round. Patience is a virtue in this game!
couldn't agree more.
very nice chart. also noticed the red MA a pretty good magnet there.

Quoting bbakker
Bullish signs on m5 taking out previous swing high. Wait for price to make a double bottom or HL now. The main move will probably not happen until Asia open I would say.

Attachment
has not happened here too. range only 20 pips so far. could be at Lo.
  • #301,659
  • Feb 27, 2012 10:15pm Feb 27, 2012 10:15pm
It failed to break 1.5900 in momentum trade. so it will only come down now. no other way.
  • #301,660
  • Feb 27, 2012 10:28pm Feb 27, 2012 10:28pm
Quoting Nachiket
It failed to break 1.5900 in momentum trade. so it will only come down now. no other way.
no other way?

well... i've learnt that market is always right in it's way
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