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Cable Update (GBPUSD)

  • #325,701
  • Oct 2, 2012 1:23pm Oct 2, 2012 1:23pm
Quoting bguguen
About insticts, people dont like hearing your instincts against them, for the whole year ive been burned on the AUDUSD thread...
shitty thing is my EURUSD year end forecast at 1.20 and GBPUSD year end forecast at 1.50 is way way far.... but a lot can happen in 2 months time...
But i got to say lately my refined trading strategy is encouraging....

yo doing great and i hnt heard u swear in a while, u ok?
  • #325,702
  • Oct 2, 2012 1:28pm Oct 2, 2012 1:28pm
Quoting nAVIN2007
yo doing great and i hnt heard u swear in a while, u ok?
no point swearing anymore when im depressed...
bad stuff happening to my life to seriously shut me up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,703
  • Oct 2, 2012 1:36pm Oct 2, 2012 1:36pm
Quoting bguguen
no point swearing anymore when im depressed...
bad stuff happening to my life to seriously shut me up...
do u have a phone..?
i will phone ya..need to eat first thou
  • #325,704
  • Oct 2, 2012 1:38pm Oct 2, 2012 1:38pm
Quoting nAVIN2007
do u have a phone..?
i will phone ya..need to eat first thou
yea ill send u my number via PM
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,705
  • Oct 2, 2012 1:45pm Oct 2, 2012 1:45pm
Quoting bguguen
yea ill send u my number via PM

got it..i will give ya a ring soon..sometime today
  • #325,706
  • Oct 2, 2012 2:00pm Oct 2, 2012 2:00pm
Quoting bbakker
Nice h4 supply level and near last week's high. I still use higher timeframes for scalping... when I scalp, I am talking about 2 or 3 max a day. I know some that scalp 10, 20 even 50 trades a day.

Now it needs to break the m15 trendline if it is going to have any legs!

Also, if you look at the h4 swings, it is back at the swing high. Bouncing of the trendline as I speak.

Finally... EU moves in 20 pips... the previous resistance was at 1.2947 and that is how I got my 1.2967 number and hence my entry was bang on!
EU back at the low of the NY session... and they're driving it lower... next target is 1.2905

Wrong thread really... lol
  • #325,707
  • Oct 2, 2012 2:02pm Oct 2, 2012 2:02pm
well ladies anf gentleman...

looks like my trades will be closed soon at tp and I'll be back for LO...

Made a nice 4% this week and hoping LO will be more exciting 2moro than today ;-)
@pawpaw1000 on Twitter
  • #325,708
  • Oct 2, 2012 2:08pm Oct 2, 2012 2:08pm
Quoting pawpaw1000
well ladies anf gentleman...

looks like my trades will be closed soon at tp and I'll be back for LO...

Made a nice 4% this week and hoping LO will be more exciting 2moro than today ;-)
Nice trading J!

London session has been choppy so far this week. Let's hope they were accumulating their sell orders but we will only find out once it breaks either way out of the range or possbily the bear flag formation.

I'm looking to close my EU short too.
  • #325,709
  • Oct 2, 2012 2:16pm Oct 2, 2012 2:16pm
Quoting bbakker
Nice trading J!

London session has been choppy so far this week. Let's hope they were accumulating their sell orders but we will only find out once it breaks either way out of the range or possbily the bear flag formation.

I'm looking to close my EU short too.
Thanks BB,

Maybe I'll see ya 2moro... Cloggs is currently bearish on SPY which would normally be bullish for the dollar which would fill in nicely with your bear flag ;-)

see you all 2moro
@pawpaw1000 on Twitter
  • #325,710
  • Oct 2, 2012 2:23pm Oct 2, 2012 2:23pm
Quoting pawpaw1000
Thanks BB,

Maybe I'll see ya 2moro... Cloggs is currently bearish on SPY which would normally be bullish for the dollar which would fill in nicely with your bear flag ;-)

see you all 2moro
You won't be seeing me here tomorrow... it was just a flying visit. But I will be pop by once in a while to catch up.

Trade well and I hope you have a good start to your rugby season.
  • #325,711
  • Edited 2:45pm Oct 2, 2012 2:24pm | Edited 2:45pm
Very difficult it take more correction or any bull actually without much correction down or failure up ( not done yet before breaking 5911 limit or one last leg up near the top to continue down to that limit or so ) and at the same time bearish candle pattern for more down as just more correction ! so C wave down 1-5th impulse possible , 2 if over then 3 about to start !
confirmation with breaks 6132 & 6108 with targets 6074 ( 6063,34 ) to 5911 .so short in action for now . weekly tf in favour of down ., only 2nd candle running for the evening star!!
gold at resistance & likely readying for the breakout, confirmation 1758 & 1735.
lets see.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #325,712
  • Oct 2, 2012 2:43pm Oct 2, 2012 2:43pm
Quoting fontu
Very difficult it take more correction or any bull actually without much correction down or failure up ( not done yet before breaking 5911 limit or one last leg up near the top to continue down to that limit or so ) and at the same time bearish candle pattern for more down as just more correction ! so C wave down 1-5th impulse possible , 2 if over then 3 about to start !
confirmation with breaks 6132 & 6108 with targets 6074 ( 6063,34 ) to 5911 .so short in action for now . weekly tf in favour of down ., only 2nd candle running for the evening...

i agree..
i will be very surprised if that bear flag doesnt break south now
  • #325,713
  • Oct 2, 2012 3:01pm Oct 2, 2012 3:01pm
Quoting nAVIN2007
i agree..
i will be very surprised if that bear flag doesnt break south now
ok ,true . market still or always can take any decision though . Thanks,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #325,714
  • Oct 2, 2012 3:10pm Oct 2, 2012 3:10pm
Quoting nAVIN2007
i agree..
i will be very surprised if that bear flag doesnt break south now
indeed... holy shit... look at that tight range we got... right between the daily pivot at 1.6139 and the downwards trendline 1.6135... 4 PIPS range...
if we close the daily like this, its a very bearish sign and RSI is looks exhausted up here...
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,715
  • Oct 3, 2012 1:31am Oct 3, 2012 1:31am
Quoting nAVIN2007
i agree..
i will be very surprised if that bear flag doesnt break south now
Navin,

Your instint is quite good, but comes a bit late than expect. It starts going south now.

Enjoy...
  • #325,716
  • Oct 3, 2012 1:48am Oct 3, 2012 1:48am
Quoting ForexRatVN
Navin,

Your instint is quite good, but comes a bit late than expect. It starts going south now.

Enjoy...

well nobody can get the timing spot on..afterall its a zero sum game..im working on being more accurate in future!!

hopefully this can happen
hope u making pips brother
  • #325,717
  • Oct 3, 2012 1:57am Oct 3, 2012 1:57am
Quoting nAVIN2007
well nobody can get the timing spot on..afterall its a zero sum game..im working on being more accurate in future!!

hopefully this can happen
hope u making pips brother

Good morning Nav,

Im seeing 1.6068, then potentially 1.6035...

Have you got levels anywhere near these?
  • #325,718
  • Oct 3, 2012 2:05am Oct 3, 2012 2:05am
Quoting Freshpips
Good morning Nav,

Im seeing 1.6068, then potentially 1.6035...

Have you got levels anywhere near these?
6080 before


and now go back to look the timing I posted some days ago and see the levels on south.

it might work out afterall with the 10-15 days to 1.5900...so maybe next week we are there.

please be carefull if we go that low as that one is the line in the sand for either higher high or doom(to be honest I expect a doom as I see 1.5750 area meaning that 1.5900 won't hold)
  • #325,719
  • Oct 3, 2012 2:06am Oct 3, 2012 2:06am
Quoting Freshpips
Good morning Nav,

Im seeing 1.6068, then potentially 1.6035...

Have you got levels anywhere near these?
spot on buddy..we should see 1.630 area..flag pole 100 pips..so 100 pips south we where she likely to go to..
  • #325,720
  • Oct 3, 2012 2:07am Oct 3, 2012 2:07am
Quoting redbeben
6080 before


and now go back to look the timing I posted some days ago and see the levels on south.

it might work out afterall with the 10-15 days to 1.5900...so maybe next week we are there.

please be carefull if we go that low as that one is the line in the sand for either higher high or doom(to be honest I expect a doom as I see 1.5750 area meaning that 1.5900 won't hold)

usd cad is looking to be bullish so i totally think yur right..what yah red?
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