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Cable Update (GBPUSD)

  • #308,921
  • Apr 19, 2012 2:36am Apr 19, 2012 2:36am
Quoting smikester
And if the price comes back to retest the 1.6 number before trundling back up. How does that fit your Bollinger band theory?
i do not have a crystal ball but i may let the shorts go or hold dependant on PA
  • #308,922
  • Apr 19, 2012 2:36am Apr 19, 2012 2:36am
??????
hiding for long time ? are u sleeping ...?


QUOTE=Nachiket;5588640]I knew you would be back after being in the hiding for a long time. after all ur target 1.63 is becoming possible after 1 yr. u held the position for 1 yr. i wonder on what margin u sell 0.001.

donno see any rationale behind this move. sellers are plentiful from 1.0675.[/quote]
not euphoria follower
  • #308,923
  • Apr 19, 2012 2:44am Apr 19, 2012 2:44am
DX

1hr in a bear flag....
Attached Image (click to enlarge)
Click to Enlarge Name: dx1hr.jpg Size: 97 KB
  • #308,924
  • Apr 19, 2012 2:45am Apr 19, 2012 2:45am
Quoting smikester
Well, this was my first post this week:

http://www.forexfactory.com/showthre...24#post5575724

Don't know why I bother.

very good analysis..the only thing i would add for u to improve..look at your time frame..check the setup..cross reference with monthly

what u would have seen on monthly at 1.58..is a cross of trendline confluence
descending trendline breakout + pullback to retest
and ascending trendline connecting the monthly uptrend..the cross was right at 1.58 that being a round number too..plus yur 4hr

plenty of reason to long and give u confidence..strength to remain comes with confidence..no confidence no strength to remain in trade..

the monthly will give u this strength to take yur trading to a much higher level..

(in the nutshell..lol cross reference yur positions to fit with monthly charts)
  • #308,925
  • Apr 19, 2012 2:48am Apr 19, 2012 2:48am
Quoting Davit
fk hit 6070
I was hoping London sell off.I was totally flatly wrong.
Painful lesson learned.PAY ATTENTION TO NEWS!
This is going up with a vengeance!Fking upset now
+/-100 days till Olympic games, so any good new pushing GBP up very fast, and there were lot of good news this week. I am not brave enough even think about gbp shorts.
  • #308,926
  • Apr 19, 2012 2:49am Apr 19, 2012 2:49am
Quoting Davit
fk hit 6070
I was hoping London sell off.I was totally flatly wrong.
Painful lesson learned.PAY ATTENTION TO NEWS!
This is going up with a vengeance!Fking upset now
from the looks of your anger the way you trade involves really high lot and your losses is eating your account up massively...
poor money management??
thank god im not panicking lol
feeling more like sleepy instead...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,927
  • Apr 19, 2012 2:49am Apr 19, 2012 2:49am
Quoting nAVIN2007
very good analysis..the only thing i would add for u to improve..look at your time frame..check the setup..cross reference with monthly

what u would have seen on monthly at 1.58..is a cross of trendline confluence
descending trendline breakout + pullback to retest
and ascending trendline connecting the monthly uptrend..the cross was right at 1.58 that being a round number too..plus yur 4hr

plenty of reason to long and give u confidence..strength to remain comes with confidence..no confidence no strength to remain in trade..

the monthly will give...
You're a cheeky F**** . I post monthly charts here too. Pity you missed them. Like I said. I don't know why I bother.
Gone to a better place
  • #308,928
  • Apr 19, 2012 2:58am Apr 19, 2012 2:58am
Quoting smikester
You're a cheeky F**** . I post monthly charts here too. Pity you missed them. Like I said. I don't know why I bother.
my bad
  • #308,929
  • Apr 19, 2012 3:00am Apr 19, 2012 3:00am
Quoting nAVIN2007
my bad
Congrats nav... seems like ur 1.61 target is becoming ever so true by day...
but i still dont see why the GBP can be this strong....
with analysts already forcasting a negative growth in the next quarter....
dont get me wrong.. but i often like to have a move justified by an underlying new that supports it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,930
  • Apr 19, 2012 3:03am Apr 19, 2012 3:03am
Quoting Nachiket
I knew you would be back after being in the hiding for a long time. after all ur target 1.63 is becoming possible after 1 yr. u held the position for 1 yr. i wonder on what margin u sell 0.001.

donno see any rationale behind this move. sellers are plentiful from 1.0675.
i was on a training course for 2 days..so wasnt able to post but i think i have still been posting..look man its a long term positional trade ( i wont lie to u and say im not disappointed with it)..but what do u want me to do..close the trade?

its a trade in progress..now im just looking for the outcome
  • #308,931
  • Apr 19, 2012 3:06am Apr 19, 2012 3:06am
Quoting bguguen
Congrats nav... seems like ur 1.61 target is becoming ever so true by day...
but i still dont see why the GBP can be this strong....
with analysts already forcasting a negative growth in the next quarter....
dont get me wrong.. but i often like to have a move justified by an underlying new that supports it...
i never look at the news buddy..its what i do
i simply trade what i see and hope for the best..i still see 165 or around this as a target for myself..but right now it doesnt matter where it is i feel the same as when i bloody entered the trade

I have a while yet..keep posting my man!!
  • #308,932
  • Apr 19, 2012 3:09am Apr 19, 2012 3:09am
Today we can bullish movement Price has become bigger than previous maximum level 1.60649. Now it goes to the level 1.61288 and if it breaks it then it will go till level 1.61687. Of course, there's a possibility that price can return back. If we look to the price movement in the upper channel it has pushed off resistance line and it may start bearish trend till level 1.59849 as min.
  • #308,933
  • Apr 19, 2012 3:15am Apr 19, 2012 3:15am
All
  • #308,934
  • Apr 19, 2012 3:17am Apr 19, 2012 3:17am
US unemployment claim release is due at 10:30am today Thurs
Hopefully its positive news to drive this beast down
In trading, you have to be defensive and aggressive at the same time
  • #308,935
  • Apr 19, 2012 3:25am Apr 19, 2012 3:25am
G/M

Upside follow thru so far today on yesterday's >20day atr bullish daily candle reaches the bottom 1/2 of a previous Daily swing Hi zone and Daily R1 - 6076 the current Daily Hi.

Upside of this:

6075-92 prev Daily sw hi zone incl 6076 = Daily R1 @/around, and 6087= 61.8% 6617-5234
6103-15-30 prev Daily sw hi zone incl 6125 = Weekly R3 @/around
6132 Daily R2 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6163= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6223 Daily R3 @/around
6240-80 prev minor Daily sw lo zone (non immed) incl 6275= 85.4% 6454-5234
6289 76.4% 6617-5234
6316 Monthly R2 @/around
6340-50 Weekly descending trend line on present Daily candle (Thursday)
6388 76.4% 6746-5234
6413 85.4% 6617-5234
6419-53 prev Daily sw hi zone
6524 85.4% 6746-5234
6550-73 prev Daily sw hi zone
6570-80 Weekly descending trend line on present Daily candle (Thursday)
6580-6617 prev Weekly/Daily sw hi zone incl 6597 = Monthly R3 @/around

T/f's 1hr and 4hr in general opa uptrends and daily turns from bullish-rangy to bullish re opa.

G/L
ex member
  • #308,936
  • Apr 19, 2012 3:26am Apr 19, 2012 3:26am
why ?
Quoting Davit
US unemployment claim release is due at 10:30am today Thurs
Hopefully its positive news to drive this beast down
not euphoria follower
  • #308,937
  • Apr 19, 2012 3:30am Apr 19, 2012 3:30am
There speaks a man who sounds as though he is short ? That weekly initial claims release is not historically a big mover of the market of itself.

G/L

Quoting Davit
US unemployment claim release is due at 10:30am today Thurs
Hopefully its positive news to drive this beast down
ex member
  • #308,938
  • Apr 19, 2012 3:30am Apr 19, 2012 3:30am
Personally, i don't get it, why anyone is still favors on short after we didn't break the 5900 level which is the level that flip the near term view to the downside.. and now we are above 1.6 and still we have someone to favor the bearish view..

well, i personally i don't get all the move, but currently i am long fiber at the 38% fibo which i mentioned yesterday..

i can't get into cable is because there's no retracement yet and it's just not me to enter trade without any 4h retracement..

anyway, here's chart for fiber, i think we will see more upside to both pairs.
Attached Image (click to enlarge)
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  • #308,939
  • Apr 19, 2012 3:31am Apr 19, 2012 3:31am
Inserted Video
not euphoria follower
  • #308,940
  • Apr 19, 2012 3:33am Apr 19, 2012 3:33am
Quoting bbmac
G/M

Upside follow thru so far today on yesterday's >20day atr bullish daily candle reaches the bottom 1/2 of a previous Daily swing Hi zone and Daily R1 - 6076 the current Daily Hi.

Upside of this:

6075-92 prev Daily sw hi zone incl 6076 = Daily R1 @/around, and 6087= 61.8% 6617-5234
6103-15-30 prev Daily sw hi zone incl 6125 = Weekly R3 @/around
6132 Daily R2 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6163= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6223 Daily R3 @/around
6240-80 prev minor Daily sw lo zone...
your order board is good. but the end result does not change. cable is tired after 3 months of rally from 1.5225 to 1.6075 and needs to come back to 50% retracement.
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