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Cable Update (GBPUSD)

  • #304,421
  • Mar 21, 2012 6:39am Mar 21, 2012 6:39am
cable
TP will close manually depend on price movement
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  • #304,422
  • Mar 21, 2012 6:40am Mar 21, 2012 6:40am
Quoting nAVIN2007
this is fear..been there dont worry cable is in a channel..on the 4hr
Her is some thing to think about
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,423
  • Mar 21, 2012 6:40am Mar 21, 2012 6:40am
Quoting smikester
Yes, but it's OK. Here's an M15 chart. Resistance spikies at 38.2. A bearish M15 candle now and I'll add.

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  • #304,424
  • Mar 21, 2012 6:45am Mar 21, 2012 6:45am
we could have a new 4hr descending trend line if this current 4hr candle closes correctly - ie creating a fractal swing hi at 5922 joining 5991.

G/L
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ex member
  • #304,425
  • Mar 21, 2012 6:48am Mar 21, 2012 6:48am
Quoting jimmyxox
wait wait... i think that a lot more than swing trader can take lol
i don't know mate.. maybe somebody prefers to trade it that way, stayed in a position on 1 direction for weeks or even months until the target reached.
  • #304,426
  • Mar 21, 2012 6:49am Mar 21, 2012 6:49am
Quoting A-speculator
i think there's a very good probability to swing the position all the way down to 5360, if you prefer to trade it that way.. imho..

I don't trust any move - when you have profit...take it.
  • #304,427
  • Mar 21, 2012 6:50am Mar 21, 2012 6:50am
1.5822 is important - many big players are waiting for a move below yesterdays close to confirm a down move.
I don't trust any move - when you have profit...take it.
  • #304,428
  • Mar 21, 2012 6:50am Mar 21, 2012 6:50am
Quoting abdul_halim
Hey Abdul that chart of yours is pretty impressive... And may I ask who is the person (KG) in your subscript?
Gone to a better place
  • #304,429
  • Mar 21, 2012 6:53am Mar 21, 2012 6:53am
Quoting smikester
Hey Abdul that chart of your is pretty impressive... And may I ask who is the person (KG) in your subscript?
Kang_Gun
  • #304,430
  • Mar 21, 2012 6:55am Mar 21, 2012 6:55am
Quoting bbmac
we could have a new 4hr descending trend line if this current 4hr candle closes correctly - ie creating a fractal swing hi at 5922 joining 5991.

G/L
imho, since i am bearish, the next significant support that i would like to see is at about 5800 level which is the 50% fibo (~5990-5600)..

there might be 2 scenario that can happen:
1) we close the day at about the current support level (5840) and resume down tomorrow

OR

2) we break down and have rejection at 5800 then retest back 5840 tomorrow perhaps during asian before continue downwards..

Hopefully we get to see scenario 2..
  • #304,431
  • Mar 21, 2012 6:57am Mar 21, 2012 6:57am
Quoting A-speculator
imho, since i am bearish, the next significant support that i would like to see is at about 5800 level which is the 50% fibo (~5990-5600)..

there might be 2 scenario that can happen:
1) we close the day at about the current support level (5840) and resume down tomorrow

OR

2) we break down and have rejection at 5800 then retest back 5840 tomorrow perhaps during asian before continue downwards..

Hopefully we get to see scenario 2..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,432
  • Mar 21, 2012 6:59am Mar 21, 2012 6:59am
With the UK in as much trouble as it is........watch what happens when the big boy announces a tax cut for the rich - the UK does not have anymore money and they are going to reduce taxes!!!!! bahhhhh!!!! bahhhh!!!!!
I don't trust any move - when you have profit...take it.
  • #304,433
  • Mar 21, 2012 7:01am Mar 21, 2012 7:01am
I have 5 x fibs cluster between 5812-5799 incl 38.2% 5601-5922 and 50% 5693-same 5922, Daily S2 is just below @/around 5796.

G/L

Quoting A-speculator
imho, since i am bearish, the next significant support that i would like to see is at about 5800 level which is the 50% fibo (~5990-5600)..

there might be 2 scenario that can happen:
1) we close the day at about the current support level (5840) and resume down tomorrow

OR

2) we break down and have rejection at 5800 then retest back 5840 tomorrow perhaps during asian before continue downwards..

Hopefully we get to see scenario 2..
ex member
  • #304,434
  • Mar 21, 2012 7:08am Mar 21, 2012 7:08am
Quoting baherhosni
Her is some thing to think about

played out
  • #304,435
  • Mar 21, 2012 7:10am Mar 21, 2012 7:10am
previous 1hr swing lo providing the demand at the moment on re-test with 85.4% fib shown and 23.6% 5601-5922 (not shown) there too...just as I am typing this price is elling down quickly off that pullback from there Lol

Uk budget soon.

G/L
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ex member
  • #304,436
  • Mar 21, 2012 7:12am Mar 21, 2012 7:12am
Quoting Faller
With the UK in as much trouble as it is........watch what happens when the big boy announces a tax cut for the rich - the UK does not have anymore money and they are going to reduce taxes!!!!! bahhhhh!!!! bahhhh!!!!!

dont $%$# with da pound
  • #304,437
  • Mar 21, 2012 7:15am Mar 21, 2012 7:15am
Quoting A-speculator
i think there's a very good probability to swing the position all the way down to 5360, if you prefer to trade it that way.. imho..
my system tells me to take it easy and wait till shit start swinging then jump in and swing with them
  • #304,438
  • Mar 21, 2012 7:16am Mar 21, 2012 7:16am
Quoting PoundTrader
my system tells me to take it easy and wait till shit start swinging then jump in and swing with them

yo bro!! u good?
u thinking long or short right now?
  • #304,439
  • Mar 21, 2012 7:18am Mar 21, 2012 7:18am
Quoting A-speculator
imho, since i am bearish, the next significant support that i would like to see is at about 5800 level which is the 50% fibo (~5990-5600)..

there might be 2 scenario that can happen:
1) we close the day at about the current support level (5840) and resume down tomorrow

OR

2) we break down and have rejection at 5800 then retest back 5840 tomorrow perhaps during asian before continue downwards..

Hopefully we get to see scenario 2..
no scenero for going up
  • #304,440
  • Mar 21, 2012 7:20am Mar 21, 2012 7:20am
Quoting nAVIN2007
no scenero for going up
i'm sorry mate, perhaps that's how i see it..

maybe you can provide the bullish scenario.. i leave that to you..
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