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Cable Update (GBPUSD)

  • #313,401
  • May 16, 2012 5:57am May 16, 2012 5:57am
Quoting nAVIN2007
will be happy with 1.63 right now..hopefully this is the bottom
Its not the bottom yet dude...if you are looking for a bottom you should be eyeing at 1.5780-1.5750
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,402
  • May 16, 2012 6:01am May 16, 2012 6:01am
Quoting Zircon
Really you are the best trader in here.
I learned that the good trader how knows when to buy not when sell.

All the best mate you winner.

thank u..but this is not true

tony has rung rings around me so can belekas..theres a lot of great traders bro..im just quite vocal so u notice hehe

learn from tony also belekas..much to gain as a trader..we actually have very similar ways of reading charts


Quoting bguguen
Its not the bottom yet dude...if you are looking for a bottom you should be eyeing at 1.5780-1.5750
Attachment
not advising to buy here, its a falling knife but it can be a base
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  • #313,403
  • May 16, 2012 6:01am May 16, 2012 6:01am
under major res
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,404
  • May 16, 2012 6:08am May 16, 2012 6:08am
Quoting nAVIN2007
thank u..but this is not true

tony has rung rings around me so can belekas..theres a lot of great traders bro..im just quite vocal so u notice hehe

learn from tony also belekas..much to gain as a trader..we actually have very similar ways of reading charts




not advising to buy here, its a falling knife but it can be a base
Looks more like a break to me and if you're eying at monthly, well least you stil got time for GBPUSD to make it back into the range... but if monthly closes below that broken trend, get the hell out....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,405
  • May 16, 2012 6:09am May 16, 2012 6:09am
Quoting belekas
And you always have been a cool brother. Sometimes one or two words make a day, week or a month, if you know what I mean. After all these years we are still here, making pips, working with our selfs, and working for a better future. Shout out to all ya'll real traders out there who have never given up. Stay fly 4 eva!

Yours truly B.

p.s. gave you my vouch. keep it as a sign to never quit, no matter what.)

  • #313,406
  • Edited 6:30am May 16, 2012 6:12am | Edited 6:30am
Quoting bguguen
Looks more like a break to me and if you're eying at monthly, well least you stil got time for GBPUSD to make it back into the range... but if monthly closes below that broken trend, get the hell out....

i use the trendlines simply to gauge movement however the support isnt a joke..its been the base for a while..if it went up..ie weekly rejected thou not likely i will admit..definetely not the place to short either..just posting a chart..showing my thoughts on it

gold has broken out..the mofo

USD is at an extreme..
gbp strength hit resistance retracing (2.7) and will the bullish diverence help with 2.7?



question is what will usd do at this resistance..??

god save the queen,..that what i say..
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  • #313,407
  • May 16, 2012 6:39am May 16, 2012 6:39am
Quoting nAVIN2007
i use the trendlines simply to gauge movement however the support isnt a joke..its been the base for a while..if it went up..ie weekly rejected thou not likely i will admit..definetely not the place to short either..just posting a chart..showing my thoughts on it

gold has broken out..the mofo

USD is at an extreme..
gbp strength hit resistance retracing (2.7) and will the bullish diverence help with 2.7?



question is what will usd do at this resistance..??

god save the queen,..that what i say..
ooo lookey here... USDX thats some nice bullish master engulfing there...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,408
  • May 16, 2012 6:51am May 16, 2012 6:51am
i'v been around for a couple years in this forum, and i learned things, but if you ask me what i value most from what i learned from these forums, i will say trading on your own plan,that is if you are trading on your own money, and make the plan based on and ONLY on your charts or fundie analysis, NOT thread bro's comforting chichat , no matter how confident they may sound or how much confidence you may gain from the chat,cos at the end of the day, when they change their tone, it's your money that is at risk, and don't be shy to cut the losses if it goes against you, you'll always have the next opportunity if you survive.n dont get me wrong, it's always a good place to share ideas and chitchat when market is not moving.
  • #313,409
  • May 16, 2012 6:53am May 16, 2012 6:53am
Quoting nAVIN2007
i use the trendlines simply to gauge movement however the support isnt a joke..its been the base for a while..if it went up..ie weekly rejected thou not likely i will admit..definetely not the place to short either..just posting a chart..showing my thoughts on it

gold has broken out..the mofo

USD is at an extreme..
gbp strength hit resistance retracing (2.7) and will the bullish diverence help with 2.7?



question is what will usd do at this resistance..??

god save the queen,..that what i say..
Crikey, that candle looks dangerous nAV, but only half way thru month so plenty of time for rejection eh!?
Come with me if you want to live....
  • #313,410
  • May 16, 2012 6:55am May 16, 2012 6:55am
Quoting Ill-b-back
Crikey, that candle looks dangerous nAV, but only half way thru month so plenty of time for rejection eh!?
more like plenty more time for that candle to extend beyond that resistance....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,411
  • May 16, 2012 6:58am May 16, 2012 6:58am
Quoting bguguen
ooo lookey here... USDX thats some nice bullish master engulfing there...

this shows yur chart reading skills..

if theres a hurdle one needs to cross, does it matter how quick u move towards the hurdle.. or is the hurdle the obstacle?

Quoting Ill-b-back
Crikey, that candle looks dangerous nAV, but only half way thru month so plenty of time for rejection eh!?

potentail is there
  • #313,412
  • May 16, 2012 7:01am May 16, 2012 7:01am
Quoting nAVIN2007
this shows yur chart reading skills..

if theres a hurdle one needs to cross, does it matter how quick u move towards the hurdle.. or is the hurdle the obstacle?



potentail is there
The quicker you charge towards the hurdle the more likely you would make through it, if you charge too slow? you'd land on your nuts and fall back down.... thats the reasoning i got...
athletics punt right there... but it is what it is...
with enough speed and you can make through it... too slow... you'd trip or land on the bar with your nuts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,413
  • May 16, 2012 7:01am May 16, 2012 7:01am
+185 pips

1st trade - 135 pips

2nd trade - 50 pips

still bearish....

happy trading...
I am a hunter...i kill both bulls and bears...
  • #313,414
  • May 16, 2012 7:04am May 16, 2012 7:04am
Quoting bguguen
The quicker you charge towards the hurdle the more likely you would make through it, if you charge too slow? you'd land on your nuts and fall back down.... thats the reasoning i got...
athletics punt right there... but it is what it is...
with enough speed and you can make through it... too slow... you'd trip or land on the bar with your nuts

good reasoning!!

however the hurdle is a complication and in forex a quick moves can and have shown to result in rejection

this hurdle is a definite complication..i see a comb building if it breaks usd is finished!! (belakas thread for info on comb)
  • #313,415
  • May 16, 2012 7:20am May 16, 2012 7:20am
fomc this afternoon $ stretched right up against it ,eu on support ,I have reversed

Gaps open
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,416
  • May 16, 2012 7:22am May 16, 2012 7:22am
wedge to upside
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,417
  • May 16, 2012 7:23am May 16, 2012 7:23am
looks bullish I dont know
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,418
  • May 16, 2012 7:24am May 16, 2012 7:24am
its different ,I give it that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,419
  • May 16, 2012 7:26am May 16, 2012 7:26am
Quoting nAVIN2007
i use the trendlines simply to gauge movement however the support isnt a joke..its been the base for a while..if it went up..ie weekly rejected thou not likely i will admit..definetely not the place to short either..just posting a chart..showing my thoughts on it

gold has broken out..the mofo

USD is at an extreme..
gbp strength hit resistance retracing (2.7) and will the bullish diverence help with 2.7?



question is what will usd do at this resistance..??

god save the queen,..that what i say..
hi Navin

sorry for this. may i know what the indicator upper left?
if you dont mind may you share this indicator.
I am really appreciate it
thank you
Its in the chart😎
  • #313,420
  • May 16, 2012 8:08am May 16, 2012 8:08am
As expected price rejection at about the 5900 as it is the strongest level atm.. lowered my entry to 1.6.

This is how price progress with regards to the fibo..
Attached Image (click to enlarge)
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