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Cable Update (GBPUSD)

  • #322,001
  • Aug 21, 2012 1:57am Aug 21, 2012 1:57am
Quoting nAVIN2007
PA is with it...i will be surprised if it doesnt break the monthly previous high..im also certain it will..

weekly looking good, dailly candle yesterday is good..monthly previous fake..lets see..loads short as well is even better

it might be a fake spike up as we have seen it many times but you never know what big boys are up to
Loosening is not an option
  • #322,002
  • Aug 21, 2012 2:03am Aug 21, 2012 2:03am
Quoting Vilkas
it might be a fake spike up as we have seen it many times but you never know what big boys are up to

its not fake..u will see..to me i have a lot of conviction on this..i can give at least 5 minimium for why this is going up however the doji is a block which needs to go..

my experience is telling me it is fake (monthly)
  • #322,003
  • Aug 21, 2012 2:05am Aug 21, 2012 2:05am
Short at 1.5738, s/l 1.5763, t/p 1.5646
  • #322,004
  • Aug 21, 2012 2:10am Aug 21, 2012 2:10am
Quoting nAVIN2007
it will break it..
if it get there..what entry is yur hedge shot and long?
This is why I'm not day trading anymore.
Day trading May was easy, but not liking it since.
Swinging only for me.

about 60 pips negative pips
It will be ok.

Cheers dude, I got to go bro
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade207if.gif Size: 16 KB
Come with me if you want to live....
  • #322,005
  • Aug 21, 2012 2:10am Aug 21, 2012 2:10am
Quoting nAVIN2007
its not fake..u will see..to me i have a lot of conviction on this..i can give at least 5 minimium for why this is going up however the doji is a block which needs to go..

my experience is telling me it is fake (monthly)

everyone is trading theyr own methods but I am telling as a whole we have seen many fake spikes despite bad data and so on
Loosening is not an option
  • #322,006
  • Aug 21, 2012 2:24am Aug 21, 2012 2:24am
Just correcting some appellation in the last monthly it was a hammer with a little upper shadow, not dodje.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #322,007
  • Edited 2:56am Aug 21, 2012 2:32am | Edited 2:56am
Quoting Ill-b-back
This is why I'm not day trading anymore.
Day trading May was easy, but not liking it since.
Swinging only for me.

about 60 pips negative pips
It will be ok.

Cheers dude, I got to go bro
u have to work on yur charting buddy, honestly as a swing trader..u should have seen yur sells are basically on a weekly ascending trendline..it was always going to go up..more likely

short was very aggressive at those levels...
work on this..b4 u attempt to swing trade, not knocking u but trying to give something that can help u improve

(monthly also has formed potentially a third touch to produce a trendline, i mentioned this last week - that as a swing trader needed to tell u price is set to go higher- monthly has printed (probability wise the low)..so u have a trendline in place which is the barrier between long and short)because we are close to the high of previous and low wasnt even tested price should go and attempt to break the high..if it does it should go a lot higher..bulls are in complete control...and will only get stronger if monthly previous fails

u can only hold a trade if u understand completely what yur doing..otherwise u will hold and will it!! and market will kill as u will be drained..it will suck yur life out of u..
  • #322,008
  • Aug 21, 2012 2:59am Aug 21, 2012 2:59am
Quoting PoundTrader
Short at 1.5738, s/l 1.5763, t/p 1.5646
short at 1.5738 and 1.5755, no stop loss, t/p 1.5685 http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
  • #322,009
  • Aug 21, 2012 3:02am Aug 21, 2012 3:02am
it can be broken only on H1 but not on daily.

now posible GU sell
lets look at smaller time frames

and GU and EU still not making new HH
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  • #322,010
  • Aug 21, 2012 3:02am Aug 21, 2012 3:02am
Quoting PoundTrader
http://www.easyfreesmileys.com/smile...ing-baby-2.gif
When my kid cry i show him this video, he love it.

Inserted Video



No things better than makes a baby happy.

If skills could be acquired by watching, every dog would be a butcher. Turk
  • #322,011
  • Aug 21, 2012 3:03am Aug 21, 2012 3:03am
Quoting PoundTrader
short at 1.5738 and 1.5755, no stop loss, t/p 1.5685 http://www.easyfreesmileys.com/smileys/dancing-baby.jpg

Attached Image
  • #322,012
  • Aug 21, 2012 3:04am Aug 21, 2012 3:04am
Quoting nAVIN2007
u have to work on yur charting buddy, honestly as a swing trader..u should have seen yur sells are basically on a weekly ascending trendline..it was always going to go up..more likely

short was very aggressive at those levels...
work on this..b4 u attempt to swing trade, not knocking u but trying to give something that can help u improve

(monthly also has formed potentially a third touch to produce a trendline, i mentioned this last week - that as a swing trader needed to tell u price is set to go higher- monthly...
I know you mean well for all in here Nav, never need to explain your good intentions to me bro.

Believe me though, swing trading for me is 10 times easier than day trading.

These were day trades. I was originally long last week after the 38.2 fib broke, but then allowed myself to get influenced by short calls which is no ones fault but mine

I use software to swing trade and is not often wrong, I just got to trust the signals regardless of my own market view.
Awesome risk reward of at least 4/1 and sometimes 10/1 also.

It's ok dude, tiny account but will grow.
Come with me if you want to live....
  • #322,013
  • Aug 21, 2012 3:04am Aug 21, 2012 3:04am
Quoting PoundTrader
short at 1.5738 and 1.5755, no stop loss, t/p 1.5685 http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
never trade while drinking http://www.easyfreesmileys.com/smile...mileys-864.gif
  • #322,014
  • Aug 21, 2012 3:07am Aug 21, 2012 3:07am
Quoting walkman
it can be broken only on H1 but not on daily.

now posible GU sell
lets look at smaller time frames

and GU and EU still not making new HH
if H4 level holds, this will be a HH?
  • #322,015
  • Aug 21, 2012 3:07am Aug 21, 2012 3:07am
Quoting walkman
it can be broken only on H1 but not on daily.

now posible GU sell
lets look at smaller time frames

and GU and EU still not making new HH

euro is shooting and likely to go higher its broken out already
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  • #322,016
  • Aug 21, 2012 3:09am Aug 21, 2012 3:09am
Quoting PoundTrader
short at 1.5738 and 1.5755, no stop loss, t/p 1.5685 http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
change plans, im short at 1.5738 and 1.5755, http://www.easyfreesmileys.com/smileys/lol-058.gif no stop loss, t/p 1.5646
  • #322,017
  • Aug 21, 2012 3:09am Aug 21, 2012 3:09am
anyone trading Public Sector Net Borrowing? If the news is good for GBP does it mean GU will go up

I want to trade the news
when you can accurately predict the future, you leave nothing to chance.
  • #322,018
  • Aug 21, 2012 3:12am Aug 21, 2012 3:12am
Quoting Ill-b-back
I know you mean well for all in here Nav, never need to explain your good intentions to me bro.

Believe me though, swing trading for me is 10 times easier than day trading.

These were day trades. I was originally long last week after the 38.2 fib broke, but then allowed myself to get influenced by short calls which is no ones fault but mine

I use software to swing trade and is not often wrong, I just got to trust the signals regardless of my own market view.
Awesome risk reward of at least 4/1 and sometimes 10/1 also.

It's ok dude,...
thanks god u see it like this..yes swing trading is easier if u look at a large time aspect because it appear less information to take in..and cuts out noise..im always there for u..u know this!
  • #322,019
  • Aug 21, 2012 3:13am Aug 21, 2012 3:13am
I see lots of peeps doesn't follow the trend when trade. Why everyone goes short when trend is up... So don't understand... ;-)
  • #322,020
  • Aug 21, 2012 3:15am Aug 21, 2012 3:15am
G/M,

those shorting here-abouts on basis of top of the recent prevailing weekly/daily range highs ?

Daily ascending wedge underneath suggests an upside break at some stage more likely ?

Daily chart below. 5764-74 the swing highs of this area on daily/weeekly

G/L
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