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Cable Update (GBPUSD)

  • #326,281
  • Oct 9, 2012 5:56am Oct 9, 2012 5:56am
Quoting bbakker
Still in battle between 1.600 and 1.602... Scalping territory right now, but I favour the move back to the original drop...6043. We missed some sellers who were still sleeping this morning and they will have their orders lined up here...
I think we will consolidate in this area until NY open who will decide the next direction, however I am expecting choppy price action!
  • #326,282
  • Oct 9, 2012 5:58am Oct 9, 2012 5:58am
Quoting fontu
ok , may be but you are in total indecision .anyway not think so big up ?, correction down > breakout is the choice of near next except a miracle .
More fall before more up try next , not fall & fall anywhere , at least now.
fontu
he might be right

I see same things as 6250 but it was mentioned this morning

this is why I hate long term setups
  • #326,283
  • Oct 9, 2012 5:59am Oct 9, 2012 5:59am
Quoting bbakker
I hope that was a joke...

It really depends what kind of trader you are. If you are quick and dirty and happy with 10 pip wins and 5-10 pip loses depending on your R/R then this timeframe is for you.

If on the other hand, being a swing trader, you are quite happy to let trades run and can easily switch of the charts without staring at it 24x7, then trading the daily and weekly timeframes is a much better option. OK, so you will see profit (or losses) ebb and flow as the market goes through its natural cycles, but it is something you will...

I'm DIRTY
  • #326,284
  • Oct 9, 2012 6:01am Oct 9, 2012 6:01am
Quoting X.work
that is not true, there are picture of huge condom in pyramids.

it is the younger chick who insist on using it, they say its govt regulation. is that true?
in China
  • #326,285
  • Oct 9, 2012 6:01am Oct 9, 2012 6:01am
Quoting fontu
ok , may be but you are in total indecision .anyway not think so big up ?, correction down > breakout is the choice of near next except a miracle .
More fall before more up try next , not fall & fall anywhere , at least now. especially for eu .

that is eu specially in UP breakout mood strong but au , gu,gold for more bo & moderate strong also.
fontu
usualy TP not big.

so i trade smaler TF
i look on a big and then get confirmation on a smalers.

yes it was total indecision but when i get entry on smaler TF then its clear
  • #326,286
  • Oct 9, 2012 6:04am Oct 9, 2012 6:04am
lets wait till NY open to see clear direction.
forexpillariscipline & patience Trader
  • #326,287
  • Oct 9, 2012 6:06am Oct 9, 2012 6:06am
Quoting bbakker
I think we will consolidate in this area until NY open who will decide the next direction, however I am expecting choppy price action!
Higher low on m5/m15... looks like we are going back to the base of the pole (i.e. to London Open)
  • #326,288
  • Oct 9, 2012 6:07am Oct 9, 2012 6:07am
Quoting paulyjah
lets wait till NY open to see clear direction.
  • #326,289
  • Oct 9, 2012 6:12am Oct 9, 2012 6:12am
check out this chart. would the price really to to 6090

http://www.imagebam.com/image/b7e416214254941
deep RoT is essential for everlasting happyness
  • #326,290
  • Oct 9, 2012 6:16am Oct 9, 2012 6:16am
Quoting X.work
check out this chart. would the price really to to 6090

http://www.imagebam.com/image/b7e416214254941
neah,higher ,too the moon Alice to the moon
  • #326,291
  • Oct 9, 2012 6:17am Oct 9, 2012 6:17am
bullish on this with the recent divergence on the hourly. plently of support at 1.60
  • #326,292
  • Oct 9, 2012 6:23am Oct 9, 2012 6:23am
Quoting bbakker
I hope that was a joke...

It really depends what kind of trader you are. If you are quick and dirty and happy with 10 pip wins and 5-10 pip loses depending on your R/R then this timeframe is for you.

If on the other hand, being a swing trader, you are quite happy to let trades run and can easily switch of the charts without staring at it 24x7, then trading the daily and weekly timeframes is a much better option. OK, so you will see profit (or losses) ebb and flow as the market goes through its natural cycles, but it is something you will...


YEP, is all about CONSISTENCY and EXECUTION
  • #326,293
  • Oct 9, 2012 6:24am Oct 9, 2012 6:24am
Quoting X.work
check out this chart. would the price really to to 6090

http://www.imagebam.com/image/b7e416214254941
I see you have been playing with the old-fashioned protractor and compass again... lol

The young'uns wouldn't know what that is... lol
  • #326,294
  • Oct 9, 2012 6:25am Oct 9, 2012 6:25am
ain't it cute how in the morning with a bit of a moisture fart all were screaming shoooorrrttt sell seellll selllll

now,when the market resumes what started yesterday maybe some others are screaming save your soulssss buy buy buy buy
  • #326,295
  • Oct 9, 2012 6:29am Oct 9, 2012 6:29am
Quoting bbakker
I hope that was a joke...

It really depends what kind of trader you are. If you are quick and dirty and happy with 10 pip wins and 5-10 pip loses depending on your R/R then this timeframe is for you.

If on the other hand, being a swing trader, you are quite happy to let trades run and can easily switch of the charts without staring at it 24x7, then trading the daily and weekly timeframes is a much better option. OK, so you will see profit (or losses) ebb and flow as the market goes through its natural cycles, but it is something you will have...
Im not sure how one can trade the daily or weekly in this ever changing environment. All it takes is for one statement to change the move direction violently for a week or two and then violently in another the next day...

Best I would say is day trading on m15 H1 and H4, Thats what I'm doing ;-)

Guess I'm biased :-D
@pawpaw1000 on Twitter
  • #326,296
  • Oct 9, 2012 6:30am Oct 9, 2012 6:30am
Quoting redbeben
ain't it cute how in the morning with a bit of a moisture fart all were screaming shoooorrrttt sell seellll selllll

now,when the market resumes what started yesterday maybe some others are screaming save your soulssss buy buy buy buy
yes, because it was almost perfect short. i sell today and eu and gu. but closed on BE.

when "perfect" sell dont work something wrong
  • #326,297
  • Oct 9, 2012 6:31am Oct 9, 2012 6:31am
Quoting redbeben
ain't it cute how in the morning with a bit of a moisture fart all were screaming shoooorrrttt sell seellll selllll

now,when the market resumes what started yesterday maybe some others are screaming save your soulssss buy buy buy buy
Maybe a classic sellers trap... still looking to short around 1.604, but it will only be a scalp!
  • #326,298
  • Oct 9, 2012 6:32am Oct 9, 2012 6:32am
Quoting redbeben
1.6021 line in sand
if we close above we go 1.6032 and 1.6043 from where short

I'lll try to wait for at least above 6020 to short....me being patient

6043-46 in play but I'd reckon a better short @ 6060 and above 6080 up to 6108
  • #326,299
  • Oct 9, 2012 6:34am Oct 9, 2012 6:34am
Quoting bbakker
I see you have been playing with the old-fashioned protractor and compass again... lol

The young'uns wouldn't know what that is... lol
deep RoT is essential for everlasting happyness
  • #326,300
  • Oct 9, 2012 6:35am Oct 9, 2012 6:35am
long long long
tp 16110

and then crash ^
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