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Cable Update (GBPUSD)

  • #303,161
  • Mar 11, 2012 11:45pm Mar 11, 2012 11:45pm
Quoting educatedthug
nice
it is always nice if u are on the right side of the trade.
I don't trust any move - when you have profit...take it.
  • #303,162
  • Mar 11, 2012 11:47pm Mar 11, 2012 11:47pm
my view
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  • #303,163
  • Mar 11, 2012 11:47pm Mar 11, 2012 11:47pm
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting Ill-b-back
No bro, just check back a page or to,
It's all there I think
Thks for the reply. You mean your analysis about the dollar? Actually, at the moment i'm neither pro bull nor bear..just waiting for the system setup..thats why i was saying demand supply near equilibrium..it could move either way. As for fundamentals..i'm not much into it (too complex to analyse and open to different interpretations). I rely more on my technicals for direction. Imho its a more reliable way to see the market as everything is all about the price and will be build into the price.
Hindsight is useless if you never learn anything out from it
  • #303,164
  • Mar 11, 2012 11:48pm Mar 11, 2012 11:48pm
Oh man, what I would love to see is price go up to 5750 or so, come back down and nest nicely at 5645 at end of trading today with a bunch of lower timeframe bullish divergences thrown in to keep the 1 and 4 hr company. Not sure it will happen with such a bearish weekly candle, but would be nice
Come with me if you want to live....
  • #303,165
  • Mar 11, 2012 11:51pm Mar 11, 2012 11:51pm
I got my eye on the clock (volume) for this pair. More than usual.
  • #303,166
  • Mar 11, 2012 11:52pm Mar 11, 2012 11:52pm
Quoting EDG
Thks for the reply. You mean your analysis about the dollar? Actually, at the moment i'm neither pro bull nor bear..just waiting for the system setup..thats why i was saying demand supply near equilibrium..it could move either way. As for fundamentals..i'm not much into it (too complex to analyse and open to different interpretations). I rely more on my technicals for direction. Imho its a more reliable way to see the market as everything is all about the price and will be build into the price.
Hey dude, no sorry, I was completely confused, I thought we were
still on the triangulating topic, I messed up. I actually don't know what
Faller is referring to, but I see he is drunk anyway while on holidays so not surprised with confusion. Anyway, my dream is above.
Come with me if you want to live....
  • #303,167
  • Mar 11, 2012 11:55pm Mar 11, 2012 11:55pm
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting Ill-b-back
Hey dude, no sorry, I was completely confused, I thought we were
still on the triangulating topic, I messed up. I actually don't know what
Faller is referring to, but I see he is drunk anyway while on holidays so not surprised with confusion. Anyway, my dream is above.

No problem
Hindsight is useless if you never learn anything out from it
  • #303,168
  • Mar 12, 2012 1:16am Mar 12, 2012 1:16am
I trade to live
  • #303,169
  • Mar 12, 2012 1:16am Mar 12, 2012 1:16am
Quoting Ill-b-back
Don't know, I'll just take the frying pan, hide it under the bed and call it a day.
1hr 20ema (or sma) not sure, at 57.
lol..

speaking about MA. now I'm only using SMA (still learning though).
a daily, weekly and monthly sma. and some lower sma.

for H1 chart the daily sma is 24 period (hourly candles X 24), weekly is 24hx5days=120 period, and monthly is 24x20=480 period.

for H4 chart: daily sma is 6 (24/4), weekly 6x5=30, monthly 6x20=120.
for M15: daily sma is 96 (60/15 x 24), weekly 480, monthly 1920.
and so forth.

so at any tf-charts we have same references, is it daily, weekly or monthly SMA.

This I learned from 'chart analyzes ala Kang_Gun.
imo this is the basic setup that use by Abdul Halim.
  • #303,170
  • Mar 12, 2012 1:34am Mar 12, 2012 1:34am
Quoting Ill-b-back
Oh no, I blew it, I thought I was replying to gsantri who I thought had confused Faller, but I see I had replied to Faller who had confused Edg. That
Now means I am confused I have no idea what your last post to me meant bro
me had confused someone ? why ?

sorry can't see my iggy-caged's posts.
  • #303,171
  • Edited 2:03am Mar 12, 2012 1:47am | Edited 2:03am
After collecting profits for almost 1 month ( i almost got profit everyday for about one month), than i face the fact it's gone within one day during bearish from 5820 to 5665...... so it's really make me shock.....i need to recover my mentality. Putting sell postition in this area (5660) is bit risky., I konw, considering the US situation, it also possible for bearish to 55XX or lower. but not within this week....hey guys... do u stilll beleive it will break high to more than 1.6xxx just like what you said as last fiday....now move up to 5671.... seem like my decission to fight again by putting buy position at 5660 is correct, hope it will a good day for me, Lossing 70% of my equity just show that i need to learn how to manage my equity....so it's obviously saying that i still not good to control my emotion....
  • #303,172
  • Mar 12, 2012 2:19am Mar 12, 2012 2:19am
long @ 1.5664 TP @ 1.5695... hope it will hit my TP today...
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  • #303,173
  • Mar 12, 2012 2:24am Mar 12, 2012 2:24am
Quoting bbakker
Come on man... where were you last week... Greece and the Euro are saved... LOL

I am sure Bernanke or one of his cronies will mention QE3 is not out of the question yet or a continuation of Operation Twist just to confuse the noobs.
All sorts of stuff could happen! In a nutshell, then, bullish above 1.5730, bearish below 1.5650. I could get a job as an analyst saying things like that.
Gone to a better place
  • #303,174
  • Mar 12, 2012 2:26am Mar 12, 2012 2:26am
Quoting mlambole
Hi,

I took a short at 1.5666 an hour ago, stop loss is at 1.5672. I usually don't trade the asia session.

Attachment

Why would you take this trade? In consolidation, sitting on support? I would be interested to know...
Gone to a better place
  • #303,175
  • Mar 12, 2012 2:28am Mar 12, 2012 2:28am
Quoting Faller
all good baby!

ok....long 1.5667 looking for a 30 pip move up to around 1.57....stop loss just below critical support of 1.5642ish.....let me know how it works out!!!!!

almost there........call me drunk....call me whatever u want....charts do not lie....
I don't trust any move - when you have profit...take it.
  • #303,176
  • Mar 12, 2012 2:32am Mar 12, 2012 2:32am
Quoting Red Alert
After collecting profits for almost 1 month.... still not good to control my emotion....
Well you know what the problem is so I'm only supporting what you have said. Making a profit makes you over confident. Losing 70% because you are on the wrong side of a trade is lunacy. Setting a trade in consolidation is probably guessing, unless you are scalping within a range. Trade carefully.
Gone to a better place
  • #303,177
  • Mar 12, 2012 3:23am Mar 12, 2012 3:23am
Good morning fellas, cooled off from last week's massive arguments...

anyways woke up to see things are still on track for a fall... Greek Debt Swap is still in investor's sight as something bearish since it only reduces debt to gdp to 120%, still at unsustainable level...

GBP is also getting a hit today on the news... Mervyn King (BOE) vs all other UK retail bank.... we got a banking war right now in London, with Banks blaming their inability to restructure thier business as a fault of Mervyn King's Lack of support...
we'll see how things'll play along... in my opinion, the European Debt Crisis is one contagious disease that even UK is getting affected from...

good luck fellas..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,178
  • Mar 12, 2012 4:01am Mar 12, 2012 4:01am
Quoting bguguen
Good morning fellas, cooled off from last week's massive arguments...

anyways woke up to see things are still on track for a fall... Greek Debt Swap is still in investor's sight as something bearish since it only reduces debt to gdp to 120%, still at unsustainable level...

GBP is also getting a hit today on the news... Mervyn King (BOE) vs all other UK retail bank.... we got a banking war right now in London, with Banks blaming their inability to restructure thier business as a fault of Mervyn King's Lack of support...
we'll see how things'll...
I see FF did not take note on GBP release today
I trade to live
  • #303,179
  • Mar 12, 2012 4:02am Mar 12, 2012 4:02am
Oh no... not again...consolidation moment..
I trade to live
  • #303,180
  • Mar 12, 2012 4:04am Mar 12, 2012 4:04am
Quoting UbuFamily
I see FF did not take note on GBP release today
wt do you mean by GBP release today??
theres nothing today... no data release today...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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