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Cable Update (GBPUSD)

  • #320,341
  • Aug 1, 2012 2:36pm Aug 1, 2012 2:36pm
Quoting _BBKing_
possible since losing it means doors to hell open.
surely some reactions should appear, but must be careful.
Yeah... we'll see tomorrow

KG
  • #320,342
  • Aug 1, 2012 2:42pm Aug 1, 2012 2:42pm
Quoting _BBKing_
anyway guys...
the problem is not about the prediction of a move.
the problem is about where is more probably price going next 100pips.
just that.

personally i prefer trade in favour of the most probable direction.

happy for those who covered last week's shorts.

btw, last weeks moves were really done to confuse charts with total insane 1.24 EU and almost 1.58 gu.
this could be a tech reason why today market went down so heavy:
CORRECTION of the fuck.

both the up-move and down moves in friday an monday+yesterday are totally "un-real".

to understand...
hmmm....not quite corrections I could share my grail but I'm afraid somebody might steal it and the next day it'll be gone
  • #320,343
  • Aug 1, 2012 2:55pm Aug 1, 2012 2:55pm
daily so bearish with three black crows. it seems daily will break 4H demand . in other words ... to test last week low.... my imho

****
sareeee atuh kang.....geus isuk yeuhhh . subuh heula ahhh trus ngepel kontrakan
Inserted Video


Quoting Kang_Gun
Yeah... we'll see tomorrow

KG
not euphoria follower
  • #320,344
  • Aug 1, 2012 2:57pm Aug 1, 2012 2:57pm
retailers still buying with both hands so should fall pretty hard last weeks rally was suckers rally looks like
  • #320,345
  • Aug 1, 2012 3:14pm Aug 1, 2012 3:14pm
Just updating charts before going to bed. Big bearish thrust daily candle just closed and as someone pointed out in a post above - ' 3 black crows ' now on the daily t/f off last week's Hi (5766)- a fractal HH on this daily t/f near the top of the 5776-5392 immedite opa (overall price action) range which persists with the steepest ascending daily trend line below current price in view. Alll this just as things were maybe starting to look bullish at end of last week lol !

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: dly.jpg Size: 85 KB
ex member
  • #320,346
  • Aug 1, 2012 5:01pm Aug 1, 2012 5:01pm
Hi,

Just checking:

Is daily really showing the "Three Black Crows" pattern? I believe that this candle is valid only if there are three consecutive long black candles making lower lows.

Whereas the two first daily candles on 30 July and 31 July have longer wicks at the bottom which could nullify the Three Black Crows pattern. Please correct me if I am wrong.

Thanks.
  • #320,347
  • Aug 1, 2012 5:02pm Aug 1, 2012 5:02pm
Quoting redbeben
one hint for the rest of the GU trading.

GU still ranging 1.5778-1.5393

if we close below 1.5460 we go for the 1.5393 one...just draw 2 lines on your chart and as soon as you see price above or below those ones we start a huge move.

I reckon we go low to my beloved TP 1.5274 but this one should hold first touch.so.....what can I say more.ranging markets are the best ones to trade.no matter what side of the market you are sooner or later price will come back to you

I know some traders that were short some days ago and in a big...
I love the look of Wed candle, strong close.
Watching 5393 like a hawke.
Come with me if you want to live....
  • #320,348
  • Aug 1, 2012 6:23pm Aug 1, 2012 6:23pm
yes i see it also. some broker just start it today...
Quoting iqyu5an
just begin... some broker just closed their daily candle with ......

http://www.candlesticker.com/images/74FIG.gif

tic toc tic toc

but my broker already show it since august 1 ( here )

Quoting Hope
Hi,

Just checking:

Is daily really showing the "Three Black Crows" pattern? I believe that this candle is valid only if there are three consecutive long black candles making lower lows.

Whereas the two first daily candles on 30 July and 31 July have longer wicks at the bottom which could nullify the Three Black Crows pattern. Please correct me if I am wrong.

Thanks....
not euphoria follower
  • #320,349
  • Aug 1, 2012 6:56pm Aug 1, 2012 6:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 29 KB
  • #320,350
  • Aug 1, 2012 7:30pm Aug 1, 2012 7:30pm
Quoting Red Alert
finally you got your target after 2 days.....good luck, just enjoy your lovely pips...
Hi Red, sorry mate I've missed your last 2 posts to me.
Yep was good but only closed out some shorts at 5590 that were taken yesterday on the small retrace, main possies still open, looking at least for last weeks low but still keen for 54 or a tad lower, today will tell the story I think.
Let's see
Come with me if you want to live....
  • #320,351
  • Aug 1, 2012 7:49pm Aug 1, 2012 7:49pm
harmonic-pitchfork-fibo daily candle in 2 month and quarter time frame analysis

http://www.forexfactory.com/attachme...1&d=1343808493

http://www.forexfactory.com/attachme...3&d=1343875505
not euphoria follower
  • #320,352
  • Aug 1, 2012 8:25pm Aug 1, 2012 8:25pm
Quoting Faller
Well you lived to trade another day - you held the loser and had a draw down of over 100pips only now to have it come back in your favor by 100pips - If your stop loss was 100pips or more then you stuck to your plan and made a good trade.....

Congrats and the retrace.

I was flat today - only traded Euro in the early morning hours. Been setting up my new tablet -

Cheers,

Faller.
I dont use SL but i do close out trades when i see a trend change sooo yea... shorts at 1.5650+1.5700 and 1.5770 all in profit... nice...
and this time im targeting 1.53, its gona get there, but not gona be an easy straight crash, nothing crashes in a straight line... but hey we shall see... Olympics ending after less than 2 weeks... people will start selling the GBP they hold, that will be interesting!

and THANK GOD BOJ finally acting like a man, thank god IMF gave their balls back.... time for Yen Easing.... its way way overdue and it WILL happen wether anyone likes it or not....
They cant let deflation kill an already dying economy....

Anyways hoping you have a good time with your new tablet.... im slipping into holiday mode too..
been more active trading HK stocks instead of currencies....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,353
  • Aug 1, 2012 8:44pm Aug 1, 2012 8:44pm
I suspect it will up to 5600 before it will go down... Just my 2 cents..
  • #320,354
  • Aug 1, 2012 8:49pm Aug 1, 2012 8:49pm
Quoting Prodix86
I suspect it will up to 5600 before it will go down... Just my 2 cents..
im hoping it does because i want to load up short now...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #320,355
  • Aug 1, 2012 8:55pm Aug 1, 2012 8:55pm
usdx

http://www.forexfactory.com/attachme...1&d=1343879649
not euphoria follower
  • #320,356
  • Aug 1, 2012 9:45pm Aug 1, 2012 9:45pm
Quoting iqyu5an
usdx

http://www.forexfactory.com/attachme...1&d=1343879649
Why I can't zoom your images?
Just my problem or... ?
  • #320,357
  • Aug 1, 2012 9:47pm Aug 1, 2012 9:47pm
Quoting aarash
Why I can't zoom your images?
Just my problem or... ?
problem solved with this image! but usually I have problem with zooming your images.
Maybe just my problem
  • #320,358
  • Aug 1, 2012 11:50pm Aug 1, 2012 11:50pm
i remember last week.... when GU was exploding up at these levels from 5480, i had 5520-25 as possible turningback point.
infact i closed my longs near 1.5600 because i saw it as a test required.

funny.

and more funny my stop loss @5519 overnight.

busy day! good luck guys!
90% of traders use TA, indicators and prediction
  • #320,359
  • Aug 1, 2012 11:52pm Aug 1, 2012 11:52pm
Quoting Makavelli7
Hi Ladies!!! 1.5665 has now been breached before the 1.5750 upshoot, ive canceled the 1.5766 entry order. I now have a final buy order now at 1.5750 target 1.5850. if 1.5850 is not breached by the end of NY session tomorrow, then ill be reviewing my take profit upwards to 1.5950.
My Buy order still at 1.5750. target now revised upwards from 1.5850 to 1.5950
The only way not to think about money is to have a great deal of it
  • #320,360
  • Aug 1, 2012 11:57pm Aug 1, 2012 11:57pm
something tells me this would happen to a whole lot of traders before Wednesday next week!
Attached Image
The only way not to think about money is to have a great deal of it
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