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Cable Update (GBPUSD)

  • #317,261
  • Jun 25, 2012 1:00pm Jun 25, 2012 1:00pm
Quoting PoundTrader
i do agree that long will come into effect at some time this week i just don't think it will be by tommorow, but who know's this is forex
well...as long as it comes that level 1.5777-1.5784 till max Tuesday next week(I mentioned it since last week) then I am confident about my 1.5902-06 and 1.628X level....but only if the levels come by then...if not....the SL is in place and probably I will bail out around 1.5630-1.5650 area on GU and 1.2570 on EU

I also added a pending sell on Gold @1594 TP in 20-30 USD....better 20 USD
  • #317,262
  • Jun 25, 2012 1:06pm Jun 25, 2012 1:06pm
, im just here for the ride, good luck to all
  • #317,263
  • Jun 25, 2012 1:10pm Jun 25, 2012 1:10pm
Quoting redbeben
well...as long as it comes that level 1.5777-1.5784 till max Tuesday next week(I mentioned it since last week) then I am confident about my 1.5902-06 and 1.628X level....but only if the levels come by then...if not....the SL is in place and probably I will bail out around 1.5630-1.5650 area on GU and 1.2570 on EU

I also added a pending sell on Gold @1594 TP in 20-30 USD....better 20 USD

Hi Redbeben, I have a long from 1.5700 it is a small position, but I am also waiting for GU to turn back and climb....
  • #317,264
  • Jun 25, 2012 1:12pm Jun 25, 2012 1:12pm
Quoting PoundTrader
, im just here for the ride, good luck to all
if only you climbed the f whor.. at 1.5760 like i did, you should have come by nw with 200pips in the till
The only way not to think about money is to have a great deal of it
  • #317,265
  • Jun 25, 2012 1:22pm Jun 25, 2012 1:22pm
Quoting Hardstart
Hi Redbeben, I have a long from 1.5700 it is a small position, but I am also waiting for GU to turn back and climb....
  • #317,266
  • Jun 25, 2012 1:23pm Jun 25, 2012 1:23pm
Quoting Makavelli7
if only you climbed the f whor.. at 1.5760 like i did, you should have come by nw with 200pips in the till
  • #317,267
  • Jun 25, 2012 1:25pm Jun 25, 2012 1:25pm
there are strong signs that we could hit 1.5400 area, just a note to keep a watch your system.
  • #317,268
  • Jun 25, 2012 1:33pm Jun 25, 2012 1:33pm
Quoting PoundTrader
  • #317,269
  • Jun 25, 2012 2:09pm Jun 25, 2012 2:09pm
problem is that, excluded these today's huge moves up-down (20p maybe 30), we have no direction in GU.
i'm trying to hold a long but something telling me to close it and wait.
so since everytime i do this, price goes then in my direction for 200 pips i will hold it for a while.
but must not forget that sometimes happens that if i hold the trade i will get it full to the stop loss.


overall i think that actually we have a perfect balance between supply and demand. what will be the trigger for the imbalance? let's see.
90% of traders use TA, indicators and prediction
  • #317,270
  • Jun 25, 2012 3:36pm Jun 25, 2012 3:36pm
looks like nice retest. also weekly timeframe there is triangle formation. i buy
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  • #317,271
  • Jun 25, 2012 4:04pm Jun 25, 2012 4:04pm
We've broken below the uptrend channel that's dominated most of June. Today was a retest of the major support-turned-resistance level around 1.567x. I think our next stop is 1.5470's support.

I've got a short position opened @ 1.5560. TP 1.5480. SL 1.5600
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  • #317,272
  • Jun 25, 2012 4:10pm Jun 25, 2012 4:10pm
Quoting _BBKing_
problem is that, excluded these today's huge moves up-down (20p maybe 30), we have no direction in GU.
i'm trying to hold a long but something telling me to close it and wait.
so since everytime i do this, price goes then in my direction for 200 pips i will hold it for a while.
but must not forget that sometimes happens that if i hold the trade i will get it full to the stop loss.


overall i think that actually we have a perfect balance between supply and demand. what will be the trigger for the imbalance? let's see.
...
I feel your pain BB I really do.
I got one system telling me we gonna fall through the floor (but that method has not been too crash hot lately), and another method telling me we gonna fly.
I do like week 2's strong close though
Come with me if you want to live....
  • #317,273
  • Jun 25, 2012 4:30pm Jun 25, 2012 4:30pm
Quoting Ill-b-back
I feel your pain BB I really do.
I got one system telling me we gonna fall through the floor (but that method has not been too crash hot lately), and another method telling me we gonna fly.
I do like week 2's strong close though
yes maybe not pain but overall not a good scenario.
bounce at support but very slow move = small demand came. at least not enough to print new high.
but
on the other hand, not strong supply to print a good low and let me think on more pressure tomorrow.

the first thing i learned when i started trading is:
close n forget.

so i closed.
tomorrow is another day.
90% of traders use TA, indicators and prediction
  • #317,274
  • Jun 25, 2012 5:00pm Jun 25, 2012 5:00pm
Quoting _BBKing_
yes maybe not pain but overall not a good scenario.
bounce at support but very slow move = small demand came. at least not enough to print new high.
but
on the other hand, not strong supply to print a good low and let me think on more pressure tomorrow.

the first thing i learned when i started trading is:
close n forget.

so i closed.
tomorrow is another day.
of course, tomorrow i wake and price will be straight @5650 (my tgt)
90% of traders use TA, indicators and prediction
  • #317,275
  • Jun 25, 2012 5:43pm Jun 25, 2012 5:43pm
I do think we are still on support ,also 2 x doji not hugley bullish but im thinking not bearish

If daily prints positive candle next
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #317,276
  • Jun 25, 2012 5:57pm Jun 25, 2012 5:57pm
Quoting Bones
I do think we are still on support ,also 2 x doji not hugley bullish but im thinking not bearish

If daily prints positive candle next
yes true i agree but problem is that we are in previous range area, with top price 5580. i prefer wait price to move and show something.

30-40p range is rarely seen in GU!! i read it as total uncertainty in market..
not yet visited weekly pivot area but also not touched some main fibos.
nothing at all!
90% of traders use TA, indicators and prediction
  • #317,277
  • Jun 25, 2012 6:17pm Jun 25, 2012 6:17pm
I see a break of the trendline in the GBP/JPY in the daily charts. plus a break below the 200SMA in the hour chart. I'm thinking about shorting between 124.653-124.786 area. Thoughts would be much appreciated
  • #317,278
  • Jun 25, 2012 6:37pm Jun 25, 2012 6:37pm
Quoting PoundTrader
whats up, i been short, i was just asking whats the reason, im short from last week at 1.5726, i was hoping to get out at 1.5526 for 200 pips, i guess we will see
,
  • #317,279
  • Jun 25, 2012 6:53pm Jun 25, 2012 6:53pm
.
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not euphoria follower
  • #317,280
  • Jun 25, 2012 8:01pm Jun 25, 2012 8:01pm
Here's another view of the GBPUSD Ddaily according to swing line study. Up-trend has been negated.
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