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Cable Update (GBPUSD)

  • #324,501
  • Sep 19, 2012 2:58am Sep 19, 2012 2:58am
Quoting PoundTrader
how's the trading guys
Good, 400 pips off 1 trade in last 2 weeks

How's GNZ...?
Come with me if you want to live....
  • #324,502
  • Sep 19, 2012 3:00am Sep 19, 2012 3:00am
Quoting albchr
It's all your fault NAV!!

If you had only gone LONG like last time, we'd be at at 6000 by now.... ....

Cable is confused now. It NEEDS to go down but you went short so it can't...LOL
Maybe a weekly breather bar after 6 straight bulls, before lift off?
Come with me if you want to live....
  • #324,503
  • Sep 19, 2012 3:14am Sep 19, 2012 3:14am
Quoting nAVIN2007
the only problem i have with this is..1.63 is last year high if that goes..why would u sell?
only way is if theres a sharp rejection..
Hello Nav hope your well bro,

Like I said, just thinking out loud. Whilst yes, it would mean high taken out so It would be unwise to sell without seeing any major reasons to, however, I just see the market and in particular the USD, needing to pullback. Even with QE3, market cant sustain such bullish momentum can it?

Like Ill-Be-Back said, its been 6 straight weeks, at the moment this will be the 7th. Of the last 15 weeks, 12 have been bulish... (although I know some of that was ranging, but bulls still seemed to be in overall control)
If we touch or break 1.63 I dont see it being sustained, I see a fall first, irrespective of whether 1.63 gets broken.

I could be wrong though
  • #324,504
  • Sep 19, 2012 3:14am Sep 19, 2012 3:14am
Quoting bbwoy
so far I see candle having trouble closing above 1.6267...
I'm looking at the 1 hr chart:nerd:
Impossible = 0
  • #324,505
  • Sep 19, 2012 3:21am Sep 19, 2012 3:21am
Somebody sold bigger than normal @ 16265...lets see how much .sl 10 pips
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  • #324,506
  • Sep 19, 2012 3:23am Sep 19, 2012 3:23am
Quoting Ill-b-back
Maybe a weekly breather bar after 6 straight bulls, before lift off?
Well, even if this week ends at 6300, it would be a bullish week...lol
Ghost Rider - WWTBMD?
  • #324,507
  • Sep 19, 2012 3:28am Sep 19, 2012 3:28am
Quoting PoundTrader
i been long gbp/nzd at 1.9563, looking for 500 pips profit, also this mean gbp/usd is going down,
gbp/nzd has been good to me so far this week, lets see what happens in the end
  • #324,508
  • Sep 19, 2012 3:30am Sep 19, 2012 3:30am
Quoting Freshpips
Hello Nav hope your well bro,

Like I said, just thinking out loud. Whilst yes, it would mean high taken out so It would be unwise to sell without seeing any major reasons to, however, I just see the market and in particular the USD, needing to pullback. Even with QE3, market cant sustain such bullish momentum can it?

Like Ill-Be-Back said, its been 6 straight weeks, at the moment this will be the 7th. Of the last 15 weeks, 12 have been bulish... (although I know some of that was ranging, but bulls still seemed to be in overall control)
If we...

yur right..my thinking on it..is 1.63 is the high ..how many weeks of bull can u get without retrace of some sort..a reaction at this area will keep both in play..short believe ..this might be a top and bulls stay in the game

i simply thought this trade is worth the risk..
in my trading i try my best to get away from almost caring about the position..just trade it and hope i can make more good trades than bad one..

be completely mechanical..
just not so easy is it..when u have been in 2 days with a 20 pip range and the sum bitch goes the other way...lol
  • #324,509
  • Sep 19, 2012 3:31am Sep 19, 2012 3:31am
poud looking strong across the board
  • #324,510
  • Sep 19, 2012 3:31am Sep 19, 2012 3:31am
im waiting for 1.63 first then will sell
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #324,511
  • Sep 19, 2012 3:34am Sep 19, 2012 3:34am
sold it 1.6265 - SL 1.6275


adding few shorts if we go thru 1.6244 ( daily pivot )
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Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #324,512
  • Sep 19, 2012 3:39am Sep 19, 2012 3:39am
Quoting volforex
Somebody sold bigger than normal @ 16265...lets see how much .sl 10 pipsAttachment

That could of been me... after I enter 0.1 lot
Impossible = 0
  • #324,513
  • Sep 19, 2012 3:40am Sep 19, 2012 3:40am
Quoting eqshack
sold it 1.6265 - SL 1.6275


adding few shorts if we go thru 1.6244 ( daily pivot )

yup this is the added confluence i wonder how many see it
can any1 tell looking at his chart..what he is showing?
  • #324,514
  • Sep 19, 2012 3:41am Sep 19, 2012 3:41am
it's all about currency war, not more.

the lower .......... the winner

if wanna survive in crisis era ..........
not euphoria follower
  • #324,515
  • Sep 19, 2012 3:41am Sep 19, 2012 3:41am
Quoting nAVIN2007
yur right..my thinking on it..is 1.63 is the high ..how many weeks of bull can u get without retrace of some sort..a reaction at this area will keep both in play..short believe ..this might be a top and bulls stay in the game

i simply thought this trade is worth the risk..
in my trading i try my best to get away from almost caring about the position..just trade it and hope i can make more good trades than bad one..

be completely mechanical..
just not so easy is it..when u have been in 2 days with a 20 pip range and the sum bitch goes the other...
Not easy atall bro, I have very nearly entered many times over last couple of days, but trying to force myself to wait for better entry with more confirmations... Crappy ranges, and I know when I sell from the top of the range it will break and vice versa long with the luck Ive been having lol
  • #324,516
  • Sep 19, 2012 3:43am Sep 19, 2012 3:43am
will it be reaction on these lines???

EU also has buy zone near
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  • #324,517
  • Sep 19, 2012 3:43am Sep 19, 2012 3:43am
Quoting iqyu5an
it's all about currency war, not more.

the lower .......... the winner

if wanna survive in crisis era ..........

yes in some respects..euro is very low..usd..low

how can cable go through the roof..nobody will buy from them ?

i have no idea but thats my logic on it
  • #324,518
  • Sep 19, 2012 3:43am Sep 19, 2012 3:43am
Quoting eqshack
sold it 1.6265 - SL 1.6275


adding few shorts if we go thru 1.6244 ( daily pivot )
im olso sell right now with small tp first ..i thing bear can kill bull today -.-
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #324,519
  • Sep 19, 2012 3:46am Sep 19, 2012 3:46am
Quoting nAVIN2007
yup this is the added confluence i wonder how many see it
can any1 tell looking at his chart..what he is showing?
If you're talking about the lower TL (channel) line, I have my own.

The divergence is interesting but on a 1H, I don't give much weight to it.

Be careful "looking" for things to back up your position. They are usually easy to find.

Just saying
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Ghost Rider - WWTBMD?
  • #324,520
  • Sep 19, 2012 3:47am Sep 19, 2012 3:47am
Quoting Freshpips
Not easy atall bro, I have very nearly entered many times over last couple of days, but trying to force myself to wait for better entry with more confirmations... Crappy ranges, and I know when I sell from the top of the range it will break and vice versa long with the luck Ive been having lol

way back when i first started....i used to wait for price to come to a line..then i would buy and almost always id be stopped out

i now play the trade to the line instead of at the line (tautrader taught me this, and probably not even aware of it)

bottom line bro..trade where price is going..dont try and stop it..we cant
fine tune yur method..is all u need

just think why is it doing, whatever and give yurself the answer, and follow it..lol (helps)
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