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Cable Update (GBPUSD)

  • #317,801
  • Jun 29, 2012 7:55am Jun 29, 2012 7:55am
Quoting redbeben
pay attention coz we might have doubletopped now @ 1.5678...

protect your profit
You think is ok to buy @1.5678 ,once 1h closed above?
  • #317,802
  • Jun 29, 2012 7:55am Jun 29, 2012 7:55am
Quoting redbeben
damn this was fast

moved SL to 1.5655 now
and done

SL @ 1.5675 now and trailing as this move could last to 1.5740 area by the end of the day
  • #317,803
  • Jun 29, 2012 7:56am Jun 29, 2012 7:56am
Quoting redbeben
1.5691-95 is the top now....Monday looks better for this top but it might go there in the next 3 hours
you are spot on here again with your analysis
  • #317,804
  • Jun 29, 2012 7:58am Jun 29, 2012 7:58am
Quoting volforex
You think is ok to buy @1.5678 ,once 1h closed above?
nope

if price pulls back now it will go to 1.5635-45 by min and 1.5595 as a max

only if you see any strong signal there you can go for it

let's not forget this move was triggered by the EU news about the summit...but at the end of the day both EU and GU are f***

EU ....coz it cannot survive and GU coz of the frauds.

EU should last to 1.2740 area for now

so....as a scalp you can jump in if you see any good entry

the closest one could be 1.5655-60 area but nothing confirmed yet
  • #317,805
  • Jun 29, 2012 8:08am Jun 29, 2012 8:08am
Quoting redbeben
well,one advice here if you allow me to.

do not open trades in cascade trying to pick bottoms.if you opened one @ 1.5574 better stick to it to either run to SL or TP

if you open a second one you just double your risk and it does not worth it.

market tanked due to german govt talk that summit will not do much now for EU

it might be paid to say so so banks cash in before summit only to reload longs or it is true.

still EU needs to go higher before breaking down and GU as well.

1.2800 for EU is a must and 1.6060 for GU .

please...
sometimes I have to listen to what I say ...''market tanked due to german govt talk that summit will not do much now for EU

it might be paid to say so so banks cash in before summit only to reload longs or it is true.

still EU needs to go higher before breaking down and GU as well.''
  • #317,806
  • Jun 29, 2012 8:11am Jun 29, 2012 8:11am
Target 1.5730 i'm sure we will see this before market close.
  • #317,807
  • Jun 29, 2012 8:14am Jun 29, 2012 8:14am
Big move overnight. Bounced off the 23% fib. I'd look for a retest of it coming up soon. That'll tell us if we'll continue up the rest of the day or head back south to retest the levels we busted on the way up.
  • #317,808
  • Jun 29, 2012 8:28am Jun 29, 2012 8:28am
watching top if breaks so soon 5700 , crazy up continues this friday but not any unexpected though , for next or last leg up to end! limit for bull now 5628.This 5th also may have already eneded if the top now hold & break that limit 5628!!
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 17 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #317,809
  • Jun 29, 2012 8:32am Jun 29, 2012 8:32am
sold GU @ 1.5688 TP 1 @ 1.5636 (1.5640 due to spread)
TP2 @ 1.5606-1.5610 (1.5606 is the level aimed) and last TP 1.5573-75
Attached Image (click to enlarge)
Click to Enlarge Name: sellgu.gif Size: 42 KB
  • #317,810
  • Jun 29, 2012 8:59am Jun 29, 2012 8:59am
Quoting redbeben
sold GU @ 1.5688 TP 1 @ 1.5636 (1.5640 due to spread)
TP2 @ 1.5606-1.5610 (1.5606 is the level aimed) and last TP 1.5573-75
wish good luck , breaking 5676 will watch again breaks 5658 for around 5628 limit move for next up as it did not retest top to have failure in the scene ! anyway crazy move up today can do at any level before retest the top & failure or success decision comes up. so carefull. let's see.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #317,811
  • Jun 29, 2012 9:07am Jun 29, 2012 9:07am
Quoting redbeben
sold GU @ 1.5688 TP 1 @ 1.5636 (1.5640 due to spread)
TP2 @ 1.5606-1.5610 (1.5606 is the level aimed) and last TP 1.5573-75
Same, though I just have the single TP @ 1.5640. We have a good double top formation right at the 23% fib level (1.5690).
Attached Image
  • #317,812
  • Jun 29, 2012 9:13am Jun 29, 2012 9:13am
Quoting fontu
wish good luck , breaking 5676 will watch again breaks 5658 for around 5628 limit move for next up as it did not retest top to have failure in the scene ! anyway crazy move up today can do at any level before retest the top & failure or success decision comes up. so carefull. let's see.
fontu



Actually market can do whatever today coz it is friday and end of month and Q...so.....I'll stick to the TP's and adjust SL @ 1.5726-40

I hope we slide to 1.5575-80 area in the next 2.5 h but for this we need to be @ 1.5636 in the next 50 min so by the end of this 1h candle we need to go down in order to confirm the setup....
  • #317,813
  • Jun 29, 2012 9:40am Jun 29, 2012 9:40am
.
Attached Image (click to enlarge)
Click to Enlarge Name: pvj538.gif Size: 11 KB
not euphoria follower
  • #317,814
  • Jun 29, 2012 9:40am Jun 29, 2012 9:40am
Quoting redbeben


Actually market can do whatever today coz it is friday and end of month and Q...so.....I'll stick to the TP's and adjust SL @ 1.5726-40

I hope we slide to 1.5575-80 area in the next 2.5 h but for this we need to be @ 1.5636 in the next 50 min so by the end of this 1h candle we need to go down in order to confirm the setup....
End of April Market ended bullish trend at 1.625 level
End of May was at bottom of bearish leavel i.e 1.527

its been trend in past 2 months. does that mean we could see next direction of GU next month?
  • #317,815
  • Jun 29, 2012 9:47am Jun 29, 2012 9:47am
if u dont mind...please check quarterly ..

Quoting Niranj
End of April Market ended bullish trend at 1.625 level
End of May was at bottom of bearish leavel i.e 1.527

its been trend in past 2 months. does that mean we could see next direction of GU next month?
not euphoria follower
  • #317,816
  • Jun 29, 2012 9:49am Jun 29, 2012 9:49am
Quoting iqyu5an
if u dont mind...please check quarterly ..
i didnt get that?
  • #317,817
  • Jun 29, 2012 9:51am Jun 29, 2012 9:51am
lets market close first then we got q2 candle - 2012.

Quoting Niranj
i didnt get that?
not euphoria follower
  • #317,818
  • Jun 29, 2012 9:53am Jun 29, 2012 9:53am
Quoting iqyu5an
lets market close first then we got q2 candle - 2012.
oh ok thanks
  • #317,819
  • Jun 29, 2012 9:57am Jun 29, 2012 9:57am
Quoting Niranj
End of April Market ended bullish trend at 1.625 level
End of May was at bottom of bearish leavel i.e 1.527

its been trend in past 2 months. does that mean we could see next direction of GU next month?
to be honest I do not trade this way.dunno if price will go up next month or no as I only look at the charts.

if charts show me a setup I take it but I manage the risk as price pick is a 50% chance at the end of the day.

my daily said 1.5777 first then 1.5906 then 1.6060 and 1.628X but today is friday so this whole move up might be a nonsense(normally friday moves catch me on the wrong side )

for now I see the sell in place on smaller TFS

watch the daily TL and you will see today's candle testing it

it might close above or below

my R area is 1.574X as per cloud but we might as well stall below that one or we might continue to climb to 1.5784...first real stop from the longs.

I'll try to scope the charts for better view during the weekend and post them on all pairs....

but as in trading is is just a personal opinion with personal MM so never follow as it is but analyse first
  • #317,820
  • Jun 29, 2012 10:07am Jun 29, 2012 10:07am
i really need some advices of trading platform. Thx!
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