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Cable Update (GBPUSD)

  • #315,561
  • Jun 4, 2012 12:53am Jun 4, 2012 12:53am
Quoting 1stECN
GBP will move up to that target but maybe slowly because of the holiday.
5440 - 50 is weekly pivot area!
of course price will visit that level one day of this week.
if not, will do another week. :-)
90% of traders use TA, indicators and prediction
  • #315,562
  • Jun 4, 2012 1:56am Jun 4, 2012 1:56am
Could be a tough ask to move much higher before continuing down
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade97gif.gif Size: 16 KB
Come with me if you want to live....
  • #315,563
  • Jun 4, 2012 2:17am Jun 4, 2012 2:17am
almost 3 weeks without take any position and not seeing the cable, and wow.......now already at 1.53XX.....1000 pips just within 1 month after it was touched 1.63XX....
i want to know NAVIN opinion about this situation...
Hey NAV, are you OK?.....), take it easy just kidding you...
Btw i am short at 15377...... targetting for 1.5330....
  • #315,564
  • Jun 4, 2012 2:22am Jun 4, 2012 2:22am
Quoting Red Alert
almost 3 weeks without take any position and not seeing the cable, and wow.......now already at 1.53XX.....1000 pips just within 1 month after it was touched 1.63XX....
i want to know NAVIN opinion about this situation...
Hey NAV, are you OK?.....), take it easy just kidding you...
Btw i am short at 15377...... targetting for 1.5330....

im always good..i closed my platform. and am waiting for whatever to happen, my analysis has been done..now market has to do what it needs too
  • #315,565
  • Jun 4, 2012 2:37am Jun 4, 2012 2:37am
Quoting nAVIN2007
im always good..i closed my platform. and am waiting for whatever to happen, my analysis has been done..now market has to do what it needs too
Hey NAV, Nice to see you still here in this situation.....good luck with your new platform.....
  • #315,566
  • Jun 4, 2012 3:18am Jun 4, 2012 3:18am
Ahhh, those were the days, good clean fun

Inserted Video
Come with me if you want to live....
  • #315,567
  • Jun 4, 2012 4:59am Jun 4, 2012 4:59am
Quoting Ill-b-back
Ahhh, those were the days, good clean fun

http://www.youtube.com/watch?v=HBaZ7z-x7NQ

Haha, that was funny!
Thanks for the laugh
Show Me Your Pips!!!
  • #315,568
  • Jun 4, 2012 5:35am Jun 4, 2012 5:35am
for Gold i really dont see anything that give a bearish signal

I see gold find a major support at 1520/30/40 zone

then it moves like crazy over every resistance TL ect and now consolidation
  • #315,569
  • Jun 4, 2012 6:22am Jun 4, 2012 6:22am
Quoting trader_fx1
for Gold i really dont see anything that give a bearish signal

I see gold find a major support at 1520/30/40 zone

then it moves like crazy over every resistance TL ect and now consolidation
yes of course, 1600 is gone and from here i can easy imagine the 1650 then 1700 then 1720 stop.
actually must be patient. great level to buy will be near 1600 or 1580-90 according to PA.
from here, only a failure in 1500 could mean more down.
time will tell.
90% of traders use TA, indicators and prediction
  • #315,570
  • Edited 7:49am Jun 4, 2012 6:53am | Edited 7:49am
hi,
I shorted some pairs

EU and gold

for gold TP would be first 1587.60 then 1577.54 and last one 1520-1498

if we brake the 1614 area as the red line down we go to 1604 first and below 1587

on EU I target first 1.2455 area and 1.2380...later we will see
the EU was shorted at fibo levels and some sell infos
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gold m30.gif Size: 52 KB
  • #315,571
  • Jun 4, 2012 7:44am Jun 4, 2012 7:44am
scaled out the gold

rest SL @ BE

EU about to hit first TP which I put it @ 1.2470...damn 1 pip away so far

the rest to follow if it plays out if now I step out @ BE
  • #315,572
  • Jun 4, 2012 7:52am Jun 4, 2012 7:52am
Hi guys...

Time to say good Bye to Dollar...in few years...

From history,there were many currency's acted as world reserves... the Greek drachma to the Byzantine solidus to the Venetian ducato to the British pound and now presently dollar(which will be past with in few years).

The latest news is Japan and Chinese transactions are done by skipping US dollar.

Yes,you heard is true..Last Friday,they started Japanese(yen) to Chinese(yuan) transaction in foreign exchange.This kind of transaction reduces overall transaction cost between two countries...

Time to short dollar and go long on yuan.

So,long Yuan and Gold...short Dollar...
I am a hunter...i kill both bulls and bears...
  • #315,573
  • Jun 4, 2012 7:54am Jun 4, 2012 7:54am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Identical price patterns forming on the DAILY EU.

FRIDAY & MONDAY candles following the past of last week B4 the holiday could play out exactly the same.

Lulls traders into a sense that the downtrend is reaching exhaustion & collapses under its own weight.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #315,574
  • Jun 4, 2012 7:56am Jun 4, 2012 7:56am
This above transaction is one of the reason for long bold candle up towards gold
because the transaction took place between world top 2 and 3 economies against top-1 economy which is already falling....
I am a hunter...i kill both bulls and bears...
  • #315,575
  • Jun 4, 2012 10:16am Jun 4, 2012 10:16am
Quoting Ill-b-back
Could be a tough ask to move much higher before continuing down

looks like you caught the "Deer in the Headlights" syndrome bro.
Ive been guilty of it plenty times and several blown accounts later.
Had to train myself not to get caught in the headlights...accept the loss and reverse with the price action. I think we may have bounce up to 1.5500 ish area seems GU has hit resistance..so you may get some of that back but we wait now and see right..
  • #315,576
  • Jun 4, 2012 10:27am Jun 4, 2012 10:27am
Quoting kingrex
looks like you caught the "Deer in the Headlights" syndrome bro.
Ive been guilty of it plenty times and several blown accounts later.
Had to train myself not to get caught in the headlights...accept the loss and reverse with the price action. I think we may have bounce up to 1.5500 ish area seems GU has hit resistance..so you may get some of that back but we wait now and see right..

Does anyone have a good Elliot Wave analysis of GU for current price?

Please share...
  • #315,577
  • Jun 4, 2012 10:46am Jun 4, 2012 10:46am
Quoting eggs
Identical price patterns forming on the DAILY EU.

FRIDAY & MONDAY candles following the past of last week B4 the holiday could play out exactly the same.

Lulls traders into a sense that the downtrend is reaching exhaustion & collapses under its own weight.

could be an idea, but must not forget that last week price was well below its weekly pivot. IMO things are bit different now to do this kind of comparison.
time will tell
90% of traders use TA, indicators and prediction
  • #315,578
  • Jun 4, 2012 12:07pm Jun 4, 2012 12:07pm
Quoting kingrex
looks like you caught the "Deer in the Headlights" syndrome bro.
Ive been guilty of it plenty times and several blown accounts later.
Had to train myself not to get caught in the headlights...accept the loss and reverse with the price action. I think we may have bounce up to 1.5500 ish area seems GU has hit resistance..so you may get some of that back but we wait now and see right..
What is deer in headlights syndrome?
Come with me if you want to live....
  • #315,579
  • Jun 4, 2012 12:12pm Jun 4, 2012 12:12pm
Quoting kingrex
looks like you caught the "Deer in the Headlights" syndrome bro.
Ive been guilty of it plenty times and several blown accounts later.
Had to train myself not to get caught in the headlights...accept the loss and reverse with the price action. I think we may have bounce up to 1.5500 ish area seems GU has hit resistance..so you may get some of that back but we wait now and see right..
Oh sorry, I think you mean my longs. I have been shorting since 6131 so I am in front, with my original hedge on 3 trades 20 pips on average below that. Yeah I didn't expect PA to go below 5770 or 56 max. I kept the longs as I have no faith in the USD but Euro crash took care of that idea for now.
Come with me if you want to live....
  • #315,580
  • Jun 4, 2012 12:58pm Jun 4, 2012 12:58pm
we have a little uptrend going, lets see if it can hold.
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