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Cable Update (GBPUSD)

  • #317,341
  • Jun 26, 2012 4:23am Jun 26, 2012 4:23am
Quoting redbeben
sorry....you got me here

I'm not good with computers so could you please explain what is exactly what you need ..and where to look for
Actualy it didn't manage to be downloaded
  • #317,342
  • Jun 26, 2012 4:28am Jun 26, 2012 4:28am
Quoting Lordpip
Actualy it didn't manage to be downloaded
I downloaded it now and it worked....do you have the error message that it cannot open it ? or cannot download at all ?

try it now
I found the MQSLTRHSUOC file...whatever name it has
Attached File(s)
File Type: ex4 Gartley.ex4   159 KB | 220 downloads
File Type: mq4 Gartley.mq4   103 KB | 235 downloads
  • #317,343
  • Jun 26, 2012 4:29am Jun 26, 2012 4:29am
sold EUGBP

TP @ 0.7865
Attached Image (click to enlarge)
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  • #317,344
  • Jun 26, 2012 4:38am Jun 26, 2012 4:38am
Yesterday mildly bullish candle formed on daily with pip range less than 50% of 20 day atr. Bullish so far intraday with upside breech of 1hr descending trend line...Uk treasury select committee hearings ongoing.

Pullback from current daily hi - ie base of previous 4hr/1hr swing hi zone/100sma-1hr and daily R2 found demand at the 38.2% fib of the move up from yesterday's lo to today's current hi

Near-term current 1hr shows what is above here with Weekly Pivot @/around 5639,Daily R3 @/around 5652, and Monthly Pivot @/around 5669..Weekly R1 above these @/around 5722.

G/L
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ex member
  • #317,345
  • Jun 26, 2012 5:02am Jun 26, 2012 5:02am
Quoting Ill-b-back
DROP...
i said earlier long was looking strong and still is atm
  • #317,346
  • Jun 26, 2012 5:09am Jun 26, 2012 5:09am
Short @ 1.5640. I think 5649 is the high
Follow me on twitter @whimtradr
  • #317,347
  • Jun 26, 2012 5:14am Jun 26, 2012 5:14am
Quoting Whimtradr
Short @ 1.5640. I think 5649 is the high
I think so !
  • #317,348
  • Jun 26, 2012 5:15am Jun 26, 2012 5:15am
Quoting redbeben
closed one GU long +60 pips.
the one opened @ 1.5555

the rest will be trailed from 1.5630-34 up....I might close one of them at that level

I fear the 1.5656 (1.5656-1.5660 are 2 important sell levels)
if we close this week above this level we go 1.5777-1.5784 ...which would be just fine for my calculations.

till then 1.5630-34-1.5656-60 gives me the shivers

I might sell there....it depends what I see and depends on what news say
I think I love myself
  • #317,349
  • Jun 26, 2012 5:17am Jun 26, 2012 5:17am
Quoting Lordpip
I think so !
1.5649 makes no sense as a top

1.5656-1.5660 on the other hand does.

still no sign of retrace yet
  • #317,350
  • Jun 26, 2012 5:20am Jun 26, 2012 5:20am
5min gave a classic hidden divergence re-entry to 30min + uptrend after the pullback from 5623-yesterday's hi confluence with 38.2% 5537-5623, - nice upside follow thru to a new current daily hi resulted.

G/L
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ex member
  • #317,351
  • Jun 26, 2012 5:21am Jun 26, 2012 5:21am
Quoting redbeben
I'm long again on EU @ 1.2492 still same TP

I will load massive @ 1.2440 and moderate @ 1.2470

I will post some views on the correlated pairs and Gold

my oh my ..I might move SL to BE to be sure...or be lazy and leave it as it is to 1.2560 as a min and trail it from that on

I'll go for the second one
  • #317,352
  • Jun 26, 2012 5:27am Jun 26, 2012 5:27am
in ff, u can visit : http://www.forexfactory.com/showthread.php?t=166155

lot of harmonic site in internet but i use : this one


Quoting Lordpip
Could you please give me a link to download butterfly/gartley indicator ? http://www.forexfactory.com/images/buttons/edit.gif
not euphoria follower
  • #317,353
  • Jun 26, 2012 5:28am Jun 26, 2012 5:28am
I hate to spoil de fun here but if you short now or about to keep an eye on the 1.5650-60 level

better keep a SL @ 1.5670 as if we go above 1.5650-60 we see 1.5685-87 (61.8% fibo)

I'll try my luck with a short @ 1.5651-56 but no TP...don't see any yet .
  • #317,354
  • Jun 26, 2012 5:32am Jun 26, 2012 5:32am
yesterday's 5537 lo could become a fractal swing L on the daily t/f - depending on today's daily candle close. Would this mean a resumption of the general opa uptrend on that t/f ? How strong are the bulls against the previaling fudie environemnt re euro zone crisis ?

G/L
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ex member
  • #317,355
  • Jun 26, 2012 5:36am Jun 26, 2012 5:36am
Quoting redbeben
I hate to spoil de fun here but if you short now or about to keep an eye on the 1.5650-60 level

better keep a SL @ 1.5670 as if we go above 1.5650-60 we see 1.5685-87 (61.8% fibo)

I'll try my luck with a short @ 1.5651-56 but no TP...don't see any yet .
Guess you are not trading today.

Already hit top.

Edit: Actually..we should see 5649-51 level one more time (maybe)
Follow me on twitter @whimtradr
  • #317,356
  • Jun 26, 2012 5:43am Jun 26, 2012 5:43am
shorting above 1.5651 sounds like a good idea, i wont know for sure if shorts are in play till i get E.O.D. data. so im out till then
  • #317,357
  • Jun 26, 2012 5:50am Jun 26, 2012 5:50am
Quoting Whimtradr
Guess you are not trading today.

Already hit top.

Edit: Actually..we should see 5649-51 level one more time (maybe)
I am trading but as I said 1.5649 makes no sense as top for now

1.5651(1.5656 to be precise)-1.5661 makes it more reliable as a top.

my longs are still open and no short triggered.

I have a pending sell @ 1.5652(1.5656 - the spread) with no TP coz I don't see anything yet apart from 1.5522...but as I am long on bias and aiming for 1.58-59 by the end of the week or till next Tuesday I cannot short for that much
  • #317,358
  • Jun 26, 2012 5:56am Jun 26, 2012 5:56am
all i can say is long is still in play, dont be surprise if this thing shoot up by tommorow
  • #317,359
  • Jun 26, 2012 6:06am Jun 26, 2012 6:06am
Quoting redbeben
Hi there Mr Tau

here it is the daily chart I was talking about yesterday.

Price has to pierce the R in the weakest point..and that one is the thin cloud.It happens all the time
as soon as we break that one we go to 1.5963 and last stop above cloud is 1.6240

to the thin cloud we have 9 trading days...which may be down to the trendline ( this is why I load longs @ 1.5600-5610 and below @ 1.5570 with a SL @ 1.5470-60
@ Pound-this was last week.still hanging on my longs as per chart...so far it played out as drawn back then.the only thing scaring my pending short is that on H4 RSI is above 50...that means war for the bears.

on daily about to step above 50 line as well.....so.....my longs will eventually go to the targets afterall.....

but it is safer to trail them and take the chance on that sell(still there are important levels at those 5650-5660)
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  • #317,360
  • Jun 26, 2012 6:13am Jun 26, 2012 6:13am
Quoting redbeben
@ Pound-this was last week.still hanging on my longs as per chart...so far it played out as drawn back then.the only thing scaring my pending short is that on H4 RSI is above 50...that means war for the bears.

on daily about to step above 50 line as well.....so.....my longs will eventually go to the targets afterall.....

but it is safer to trail them and take the chance on that sell(still there are important levels at those 5650-5660)
and they say hedging don't work. good job
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