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Cable Update (GBPUSD)

  • #301,801
  • Feb 28, 2012 8:40pm Feb 28, 2012 8:40pm
Quoting UbuFamily
lol you always made me smile Faller

Nice to hear UbuFamily.....

I try to help the forum.....I try not to take - I have lost a lot on my own and have done all my learning on my own....just trying to pay it forward.

Glad I could put a smile on your face!

Keepin it real!

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #301,802
  • Feb 28, 2012 8:41pm Feb 28, 2012 8:41pm
today G/U up down .. ? Is it dangerous if I'm going to sell rite now .. ?
  • #301,803
  • Feb 28, 2012 8:44pm Feb 28, 2012 8:44pm
how far bullish may go?

Attached Image (click to enlarge)
Click to Enlarge Name: huhu.gif Size: 15 KB
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  • #301,804
  • Feb 28, 2012 8:46pm Feb 28, 2012 8:46pm
Quoting Tsar
Cable potential break @ 1.5935
yes,sir!!..
  • #301,805
  • Feb 28, 2012 8:48pm Feb 28, 2012 8:48pm
Here's a chart. Break of 1.593 will take cable to the top of its channel ( blue ) where it also meets the weekly 200sma. It might break slightly above (and therefore break) the channel to the purple bar. Then a fallback to the current resistance in pink, before the next upmove to the green bar.

Trading by colours!

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  • #301,806
  • Feb 28, 2012 8:49pm Feb 28, 2012 8:49pm
Quoting Faller
Nice to hear UbuFamily.....

I try to help the forum.....I try not to take - I have lost a lot on my own and have done all my learning on my own....just trying to pay it forward.

Glad I could put a smile on your face!

Keepin it real!

Cheers,

Faller.
Cheers
I trade to live
  • #301,807
  • Feb 28, 2012 8:54pm Feb 28, 2012 8:54pm
Quoting Mpt
Here's a chart. Break of 1.593 will take cable to the top of its channel ( blue ) where it also meets the weekly 200sma. It might break slightly above (and therefore break) the channel to the purple bar. Then a fallback to the current resistance in pink, before the next upmove to the green bar.

Trading by colours!

Attachment

I believed you are making an uptrend fib there...Is It?
I trade to live
  • #301,808
  • Feb 28, 2012 8:56pm Feb 28, 2012 8:56pm
Quoting UbuFamily
I believed you are making an uptrend fib there...Is It?

I don't understand your question.
  • #301,809
  • Feb 28, 2012 8:56pm Feb 28, 2012 8:56pm
Quoting Faller
A chart.....for everyone.

Look inside the blue circles - starting from the left compare the circles above and below each other.....and finally look at the blue circle furthest to the right.......

trade safe.

Faller.

As posted earlier today......hope everyone was careful!
I don't trust any move - when you have profit...take it.
  • #301,810
  • Feb 28, 2012 10:06pm Feb 28, 2012 10:06pm
Quoting Zircon
We are you hours before, i am short ,i will stop my short then


just joke , i believe on loss and gain in the market and like end up.


good luck
Lost 50 pips on last short ,I am convinced now that cable say no for bears.

got long now,confirm three consecutive bulishenes in H4 meaning trend up continue,downward over.
Attached Image (click to enlarge)
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,811
  • Feb 28, 2012 10:29pm Feb 28, 2012 10:29pm
Quoting Zircon
False dark cloud last daily close, may be another high top, i mean still north.
I posted this one yesterday early, but i was greedy, shitty short.
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,812
  • Feb 28, 2012 10:30pm Feb 28, 2012 10:30pm
Quoting Zircon
Lost 50 pips on last short ,I am convinced now that cable say no for bears.

got long now,confirm three consecutive bulishenes in H4 meaning trend up continue,downward over.

Just some friendly advice.

While three consecutive bullish 4hr candles only confirm that price is going up, they can just as easily run into resistance and retrace. In this case, though, cable has broken just slightly above and holding above former resistance. If you look carefully at your 5 minute charts you can see a small triangle forming. A confirmed break north from there is your real bullish trend confirmation.
  • #301,813
  • Feb 28, 2012 10:51pm Feb 28, 2012 10:51pm
Quoting Mpt
Just some friendly advice.

While three consecutive bullish 4hr candles only confirm that price is going up, they can just as easily run into resistance and retrace. In this case, though, cable has broken just slightly above and holding above former resistance. If you look carefully at your 5 minute charts you can see a small triangle forming. A confirmed break north from there is your real bullish trend confirmation.
thanks friend for this advice ,but some resistances like this 5 min, do not stay long like long timeframe.

thanks for this again.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,814
  • Feb 28, 2012 10:58pm Feb 28, 2012 10:58pm
Quoting Zircon
thanks friend for this advice ,but some resistances like this 5 min, do not stay long like long timeframe.

thanks for this again.
I'm afraid you are wrong. The small TF triangle was just indicating direction. Anyway, it's broken north now, so the final confirmation of direction will be a retest of that triangle upper trend line and former resistance at 1.593
  • #301,815
  • Feb 28, 2012 11:15pm Feb 28, 2012 11:15pm
Quoting Mpt
I'm afraid you are wrong. The small TF triangle was just indicating direction. Anyway, it's broken north now, so the final confirmation of direction will be a retest of that triangle upper trend line and former resistance at 1.593
I am sure we go up at the end close.


Thanks again friend.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,816
  • Feb 28, 2012 11:24pm Feb 28, 2012 11:24pm
Quoting Zircon
I am sure we go up at the end close.


Thanks again friend.

Ok, good luck. As long as the retest holds, your long should be good until 1.612 ~1.616 as per my previous chart. Best wishes.
  • #301,817
  • Feb 28, 2012 11:24pm Feb 28, 2012 11:24pm
probability

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  • #301,818
  • Feb 28, 2012 11:30pm Feb 28, 2012 11:30pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Zircon
Lost 50 pips on last short ,I am convinced now that cable say no for bears.

got long now,confirm three consecutive bulishenes in H4 meaning trend up continue,downward over.

if you dont mind me asking, how come you are longing now?

I had a long from .5879 which i closed 10 minutes ago for +50. Looking at a short term short at the moment.

just from the appearence of your long it seemed like you bought the top, whcih is fine, was just wondering your reasoning for it is all.
  • #301,819
  • Feb 28, 2012 11:36pm Feb 28, 2012 11:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: huhu.gif Size: 11 KB


selling pressures...
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  • #301,820
  • Feb 28, 2012 11:46pm Feb 28, 2012 11:46pm
Quoting jaboo
if you dont mind me asking, how come you are longing now?

I had a long from .5879 which i closed 10 minutes ago for +50. Looking at a short term short at the moment.

just from the appearence of your long it seemed like you bought the top, whcih is fine, was just wondering your reasoning for it is all.
Ok,

The opening around the close, wish means is very bulish,some stops confirmed by the first black one before three white candles,at the end the next top will be sure. I hope so mat.
If skills could be acquired by watching, every dog would be a butcher. Turk
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