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Cable Update (GBPUSD)

  • #324,541
  • Sep 19, 2012 4:42am Sep 19, 2012 4:42am
Quoting nAVIN2007
when it get to 1.6177 area..weekly ascending trendline..i may exit or place to BE..max 1.5820 area..retest of weekly bullish breakout area.. (weekly chart)

i hope it does this..id love to buy there
+1
- good spot to go long.lets see what usd data brings us its time to keep eye on eurchf too.I got few pending orders 1.2039 -if we get spike down.
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #324,542
  • Sep 19, 2012 4:49am Sep 19, 2012 4:49am
Quoting nAVIN2007
I look at so many things bro..honestly..support and resitance with candle formations..but on average..there always at least 6 things to support all my trade decisions

otherwise i cant pull the trigger
I think thats the best way to do it. I have been working on the philosophy that the simpler, the better - as Albert Einstein once said "things should be as simple as possible, but no simpler".

Maybe I have made it too simple and therefore it has started to fail me...

most indicators lagging/old data so dont really use them, focus more on PA S/R and try and trade the trend unless scalping in which case trend not as important IMO.

I draw my lines based in PA around those levels, from 15m through to Daily to cross reference which levels are the more important ones and try and use those to gauge my entry/exits/stops etc...
Need good market conditions though
  • #324,543
  • Sep 19, 2012 4:52am Sep 19, 2012 4:52am
Quoting eqshack
+1
- good spot to go long.lets see what usd data brings us its time to keep eye on eurchf too.I got few pending orders 1.2039 -if we get spike down.

the QE brought usd index down to support..the figures for USD should be good lets see..

on 8 hr chart..the traingle has broke (54 pips is the rough target projection)..taking us to roughly towards target..main things is dailly follow through....hehe
  • #324,544
  • Sep 19, 2012 4:54am Sep 19, 2012 4:54am
Quoting nAVIN2007
when it get to 1.6177 area..weekly ascending trendline..i may exit or place to BE..max 1.5820 area..retest of weekly bullish breakout area.. (weekly chart)

i hope it does this..id love to buy there
I placed a Buy limit order @ 16149 for 80 pips TP
  • #324,545
  • Sep 19, 2012 4:55am Sep 19, 2012 4:55am
If this week we have Bearish candle then I'll sell it next week ..
Attached Image (click to enlarge)
Click to Enlarge Name: gu - h1.gif Size: 16 KB
  • #324,546
  • Sep 19, 2012 4:55am Sep 19, 2012 4:55am
Quoting Freshpips
I think thats the best way to do it. I have been working on the philosophy that the simpler, the better - as Albert Einstein once said "things should be as simple as possible, but no simpler".

Maybe I have made it too simple and therefore it has started to fail me...

most indicators lagging/old data so dont really use them, focus more on PA S/R and try and trade the trend unless scalping in which case trend not as important IMO.

I draw my lines based in PA around those levels, from 15m through to Daily to cross reference which levels are...

u have to find a balance and trust yourself..if u dont have a journal try this..good place to start
  • #324,547
  • Sep 19, 2012 4:55am Sep 19, 2012 4:55am
Quoting ForexRatVN
Had you try it yet?
It seems he pushed down much as he can. Thanks PT
  • #324,548
  • Sep 19, 2012 4:57am Sep 19, 2012 4:57am
Quoting ForexRatVN
I placed a Buy limit order @ 16149 for 80 pips TP
u need to gauge reaction if it can get there..
  • #324,549
  • Sep 19, 2012 5:00am Sep 19, 2012 5:00am
and.......... bang !!!!!!!!

BoE sees worse inflation outlook, one member sees case for more QE

they want sterling drop...........

Quoting iqyu5an
it's all about currency war, not more.

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

if wanna survive in crisis era ..........
not euphoria follower
  • #324,550
  • Sep 19, 2012 5:03am Sep 19, 2012 5:03am
Quoting iqyu5an
and.......... bang !!!!!!!!

BoE sees worse inflation outlook, one member sees case for more QE

they want sterling drop...........

looking for a good dailly canlde today ..evening star!! type formation

can only help meh
  • #324,551
  • Sep 19, 2012 5:06am Sep 19, 2012 5:06am
at least to close quarterly ( q3 ) candle mate ....

after that.......... let seeeeeeee

Quoting nAVIN2007
looking for a good dailly canlde today ..evening star!! type formation

can only help meh
not euphoria follower
  • #324,552
  • Sep 19, 2012 5:07am Sep 19, 2012 5:07am
Quoting iqyu5an
at least to close quarterly ( q3 ) candle mate ....

after that.......... let seeeeeeee

look at the 6 month chart
  • #324,553
  • Sep 19, 2012 5:14am Sep 19, 2012 5:14am
Quarter Time Frame
Attached Image (click to enlarge)
Click to Enlarge Name: pvjj912gif.gif Size: 11 KB
not euphoria follower
  • #324,554
  • Sep 19, 2012 5:19am Sep 19, 2012 5:19am
Quoting nAVIN2007
u have to find a balance and trust yourself..if u dont have a journal try this..good place to start

Scanned through your journal before, but going to go through it properly.

As always, thanks Nav
  • #324,555
  • Sep 19, 2012 5:20am Sep 19, 2012 5:20am
these pairs don't move like they use to do back in the day, i might start looking into exotics, only problem is there pip value is very low
  • #324,556
  • Sep 19, 2012 5:20am Sep 19, 2012 5:20am
Quoting iqyu5an
Quarter Time Frame
good..thats a range..at least its not bullish and sell positions are likely

16 months is too long man
  • #324,557
  • Sep 19, 2012 5:23am Sep 19, 2012 5:23am
jut entering a bit of a dead zone, so closed for 50 pips gu and 40 eu. will now see what US opening serves up.

still think we will see 1.6172 on gu later
  • #324,558
  • Sep 19, 2012 5:27am Sep 19, 2012 5:27am
Quoting PoundTrader
these pairs don't move like they use to do back in the day, i might start looking into exotics, only problem is there pip value is very low
u aint lying
  • #324,559
  • Sep 19, 2012 5:28am Sep 19, 2012 5:28am
Quoting redbeben
long EU 1.3035 for 1.3052 and above if that fails to 3064 and 3084
I wonder where did the price stop
and loaded short again @ 1.3066 to my beloved 3013....and if you remember I said long 3005-10 with 2986 SL

so far so good.

main short still unfolding to 1.2800 level but remember I always scale out and move SL and countertrend and do whatever.
  • #324,560
  • Sep 19, 2012 5:29am Sep 19, 2012 5:29am
Quoting Freshpips
Scanned through your journal before, but going to go through it properly.

As always, thanks Nav

i one thing u will get out of that is how different a trader i have become..man i worse when i started in terms of holding trade..10pips was an effort

let me know if i can help u in anyway!!
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