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Cable Update (GBPUSD)

  • #311,941
  • May 7, 2012 11:21pm May 7, 2012 11:21pm
Quoting PoundTrader
yes then back up to 1.6200 area

good cuz I am short 1 million from 1.6190 - looking for 50 pips......but I am not sure 1.6120 is in the cards....so should probably go long 2 million from current price as a hedge....? good idea?
I don't trust any move - when you have profit...take it.
  • #311,942
  • May 7, 2012 11:23pm May 7, 2012 11:23pm
Quoting Faller
do you think we can hit 1.6120 tonight?
I wouldn't have a clue TBH. I'm more focused on mid 6050-80 or so but will wait for system to show the way.
Come with me if you want to live....
  • #311,943
  • May 7, 2012 11:25pm May 7, 2012 11:25pm
Quoting Ill-b-back
I wouldn't have a clue TBH. I'm more focused on mid 6050-80 or so but will wait for system to show the way.

ok I will double my short to 2 million and double my long to 4 million......

should cover any indecision in the market?
I don't trust any move - when you have profit...take it.
  • #311,944
  • May 7, 2012 11:26pm May 7, 2012 11:26pm
Good day to you,

More upside is what I would like to see ultimately. Still not entering anything. Retrace lower very possible - but 1.6225 by close today not impossible.

Just my general 2c

Will wait.

Regards
  • #311,945
  • May 7, 2012 11:31pm May 7, 2012 11:31pm
Quoting Faller
ok I will double my short to 2 million and double my long to 4 million......

should cover any indecision in the market?
That would probably move the market dude
Come with me if you want to live....
  • #311,946
  • May 7, 2012 11:38pm May 7, 2012 11:38pm
Quoting Faller
geeeezzzz tell me what you really think......
http://www.freesmileys.org/smileys/s...violent016.gif
  • #311,947
  • May 7, 2012 11:39pm May 7, 2012 11:39pm
Quoting PoundTrader
http://www.freesmileys.org/smileys/s...violent016.gif


luv it.
I don't trust any move - when you have profit...take it.
  • #311,948
  • May 7, 2012 11:40pm May 7, 2012 11:40pm
in the past 2 hours I watched 2 above average volume bars happen and the candle stick that formed shot up and then closed at the low......what does that mean?
I don't trust any move - when you have profit...take it.
  • #311,949
  • May 7, 2012 11:41pm May 7, 2012 11:41pm
Quoting Faller
in the past 2 hours I watched 2 above average volume bars happen and the candle stick that formed shot up and then closed at the low......what does that mean?

I am just trying to learn....so any insight would be very much appreciated.

thanks

Faller
I don't trust any move - when you have profit...take it.
  • #311,950
  • May 7, 2012 11:49pm May 7, 2012 11:49pm
Quoting PoundTrader
http://www.freesmileys.org/smileys/s...violent016.gif
that's hilarious, you think someone is going to be eaten alive?
Come with me if you want to live....
  • #311,951
  • May 7, 2012 11:50pm May 7, 2012 11:50pm
Quoting Ill-b-back
that's hilarious, you think someone is going to be eaten alive?

watch that pound trader....he is a tricky one..........he has taught me much.
I don't trust any move - when you have profit...take it.
  • #311,952
  • May 7, 2012 11:59pm May 7, 2012 11:59pm
Quoting Faller
watch that pound trader....he is a tricky one..........he has taught me much.
Yeah mr too, the levels he picks out make a lot of sense when I look at them from a historical price reaction perspective, bullish and bearish reactions from the same point in the past keeps cropping up and fib confluence.
Come with me if you want to live....
  • #311,953
  • May 8, 2012 12:00am May 8, 2012 12:00am
Quoting Ill-b-back
Yeah mr too, the levels he picks out make a lot of sense when I look at them from a historical price reaction perspective, bullish and bearish reactions from the same point in the past keeps cropping up and fib confluence.

I am going to drink one more Stella and short another 2 million....
I don't trust any move - when you have profit...take it.
  • #311,954
  • May 8, 2012 12:00am May 8, 2012 12:00am
Quoting Faller
watch that pound trader....he is a tricky one..........he has taught me much.
What have you learnt bro?
Come with me if you want to live....
  • #311,955
  • May 8, 2012 12:01am May 8, 2012 12:01am
Quoting Faller
I am going to drink one more Stella and short another 2 million....

but I will hedge another 4 million long...
I don't trust any move - when you have profit...take it.
  • #311,956
  • May 8, 2012 12:01am May 8, 2012 12:01am
Good day to you,

Below a summary of some numbers that may have an influence on PA in the short term. If any interest..

1) The Thurday close of last week @ 1.61748
2) 50% line of the month's range @ 1.61793
3) Todays open @ 1.61883
4) Parallel trendline or SR level and yesterday high @ 1.61951
5) Friday high @ 1.61999/1.6200

A few obsticles to get through - agreed...

6) The 50% line of this week ( still early in the week - so not strong) @ 1.61544
7) Friday close @ 1.61485
8) Friday low @ 1.61392
9) Weekly open @ 1.61318

All success to you

Regards
Attached Image (click to enlarge)
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  • #311,957
  • May 8, 2012 12:02am May 8, 2012 12:02am
Quoting Ill-b-back
Yeah mr too, the levels he picks out make a lot of sense when I look at them from a historical price reaction perspective, bullish and bearish reactions from the same point in the past keeps cropping up and fib confluence.
I guess he knows his s#^t
Come with me if you want to live....
  • #311,958
  • May 8, 2012 12:05am May 8, 2012 12:05am
Quoting TauTrader
Good day to you,

Below a summary of some numbers that may have an influence on PA in the short term. If any interest..

1) The Thurday close of last week @ 1.61748
2) 50% line of the month's range @ 1.61793
3) Todays open @ 1.61883
4) Parallel trendline or SR level and yesterday high @ 1.61951
5) Friday high @ 1.61999/1.6200

A few obsticles to get through - agreed...

6) The 50% line of this week ( still early in the week - so not strong) @ 1.61544
7) Friday close @ 1.61485
8) Friday low @ 1.61392
9) Weekly open @ 1.61318...
OMG so much for simples
Come with me if you want to live....
  • #311,959
  • May 8, 2012 12:05am May 8, 2012 12:05am
Quoting TauTrader
Good day to you,

Below a summary of some numbers that may have an influence on PA in the short term. If any interest..

1) The Thurday close of last week @ 1.61748
2) 50% line of the month's range @ 1.61793
3) Todays open @ 1.61883
4) Parallel trendline or SR level and yesterday high @ 1.61951
5) Friday high @ 1.61999/1.6200

A few obsticles to get through - agreed...

6) The 50% line of this week ( still early in the week - so not strong) @ 1.61544
7) Friday close @ 1.61485
8) Friday low @ 1.61392
9) Weekly open @ 1.61318

All success to...

ah shit....just when I thought I knew what i was doing......now I am soooo confused.
I don't trust any move - when you have profit...take it.
  • #311,960
  • May 8, 2012 12:08am May 8, 2012 12:08am
Quoting TauTrader
Good day to you,

Below a summary of some numbers that may have an influence on PA in the short term. If any interest..

1) The Thurday close of last week @ 1.61748
2) 50% line of the month's range @ 1.61793
3) Todays open @ 1.61883
4) Parallel trendline or SR level and yesterday high @ 1.61951
5) Friday high @ 1.61999/1.6200

A few obsticles to get through - agreed...

6) The 50% line of this week ( still early in the week - so not strong) @ 1.61544
7) Friday close @ 1.61485
8) Friday low @ 1.61392
9) Weekly open @ 1.61318

All success to...
Your post made me quit FX , sound complicated 8-}
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