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Cable Update (GBPUSD)

  • #327,381
  • Oct 18, 2012 2:08pm Oct 18, 2012 2:08pm
Quoting RWalker
Agreed. This is a sell the rallies situation. Buy - you're likely gonna get your fingers burnt.
I bought @ 6063 TP 6110 SL 6050
  • #327,382
  • Oct 18, 2012 2:09pm Oct 18, 2012 2:09pm
Quoting TauTrader
Yip - was/am there too...

It remains a difficult business.

My short was a lucky guess.

All success to you

u too buddy no it wasnt lucky..u have skills to pay them bills
  • #327,383
  • Oct 18, 2012 2:10pm Oct 18, 2012 2:10pm
Quoting nAVIN2007
played out exactly like i expected..candles are extremely powerfull tool..now we are in a position to attack the base..we will sort something out..might have to be next weekend thou
Thank god for my persistence huh.... i guess trading is knowing that the general direction of the market and enter trades accordingly as market moves against trend... thats why ive been loading up shorts like a teenage kid on sugar/steroids!
the More against the trend market moves the BIGGER i lot trades i take against the moves to go FOR the trend direction!!!
Because Bigger lots will cover losses onthe small one providing the market direction persists.

But DUDE.... ill prolly be busy next weekend with test preparations and stuff... been hectic filling out job applications to citi, jpm, goldman and stuff too.... ugh!!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,384
  • Oct 18, 2012 2:10pm Oct 18, 2012 2:10pm
Quoting bguguen
actually bear's been playing since the top at 1.63, this move up was a retracement, it never turned bullish... for gbpusd to turn bullish is to break above the trendline we had at 1.6170 top today...
im just glad that trendline both me and nav have on the weekly is a legitimate one!!!
NAV i love you man?? when shall we grab lunch with the other folks on FF in london??
BTW i aint going nowhere near vauxhall man... YOU come to zone 1!!!
yeah you right dude.. soon we will see some retracement im waiting for good
place to inside .. suggest tp 30
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #327,385
  • Oct 18, 2012 2:11pm Oct 18, 2012 2:11pm
[quote=walkman;6112925]didn't believe that triangle will break before London opening

not so fast to conclude... (the red line is EMA200)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 134 KB
  • #327,386
  • Oct 18, 2012 2:11pm Oct 18, 2012 2:11pm
Quoting redbeben
I bought @ 6063 TP 6110 SL 6050
Well, 13 p is no big deal if it continues.
  • #327,387
  • Oct 18, 2012 2:12pm Oct 18, 2012 2:12pm
Quoting redbeben
I bought @ 6063 TP 6110 SL 6050
during sharp drops fibo 23 important.

of course also 38 but better 23
Attached Image
  • #327,388
  • Oct 18, 2012 2:14pm Oct 18, 2012 2:14pm
Should note that the fall broke the 38.2 fibo AND the Oct 3 low. (opens door to 6031)
  • #327,389
  • Oct 18, 2012 2:16pm Oct 18, 2012 2:16pm
Quoting RWalker
Well, 13 p is no big deal if it continues.
I am short from 6175 on GU
short on EU from 3132
long on UCHF from 0.9215
Short AUD from 1.0375

13 pips is nothing and it worth the risk

if not I have another long waiting @6035
  • #327,390
  • Oct 18, 2012 2:16pm Oct 18, 2012 2:16pm
[quote=Forexgogo;6113116]
Quoting walkman
didn't believe that triangle will break before London opening

not so fast to conclude... (the red line is EMA200)
And put up a EMA55, and see what normally happens historically when EMA 55 is above EMA200... when market falls it reaches ema200, then may bounce back up to ema55, and if contained EMA200 breaks on reattempt to go lower....
eventually price will fall far enough for EMA55 to go UNDER ema200 and thats when you have to start looking for longs...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,391
  • Oct 18, 2012 2:18pm Oct 18, 2012 2:18pm
Quoting walkman
during sharp drops fibo 23 important.

of course also 38 but better 23
dunno fibos that well I'm afraid

I only know 50% as line in the sand on fibo matter

the rest are still a mistery for me
  • #327,392
  • Oct 18, 2012 2:19pm Oct 18, 2012 2:19pm
This thing has got business down below. Look how it's outrunning fibre (eurgbp just won't stop going up)... it only acts this aggressively when there's money to be made (yours, if your fading) down below
  • #327,393
  • Oct 18, 2012 2:23pm Oct 18, 2012 2:23pm
Quoting RWalker
This thing has got business down below. Look how it's outrunning fibre (eurgbp just won't stop going up)... it only acts this aggressively when there's money to be made (yours, if your fading) down below
good day,

you have contributed well. Deserved.:nerd:

Regards
  • #327,394
  • Oct 18, 2012 2:23pm Oct 18, 2012 2:23pm
today is a great day for me.I just opened up a bottle of 2001 La Mancha(they say it was a good year) and I am slowly sipping a glass or two.

as well it will be my last day as a sharer of info on this forum.I'll only drop by once in a while to delight you with some stories and ideas but no more trades.

Thank you for the good time we spent here.It was my pleasure.Together we learnt a lot of good things and each bad trade was a good point for future trades.


I'm going commercial starting tmr.


Good night
  • #327,395
  • Oct 18, 2012 2:24pm Oct 18, 2012 2:24pm
Quoting redbeben
dunno fibos that well I'm afraid

I only know 50% as line in the sand on fibo matter

the rest are still a mistery for me
Sorry

I was referring to the fibo of the move from the high of 10/5 to the low of 10/9.
  • #327,396
  • Oct 18, 2012 2:24pm Oct 18, 2012 2:24pm
Quoting redbeben
dunno fibos that well I'm afraid

I only know 50% as line in the sand on fibo matter

the rest are still a mistery for me
sometimes its works sometimes not.

need experience

but in short- don't use when market in range and use when breaks and flying.
  • #327,397
  • Oct 18, 2012 2:24pm Oct 18, 2012 2:24pm
[quote=bguguen;6113147]
Quoting Forexgogo

And put up a EMA55, and see what normally happens historically when EMA 55 is above EMA200... when market falls it reaches ema200, then may bounce back up to ema55, and if contained EMA200 breaks on reattempt to go lower....
eventually price will fall far enough for EMA55 to go UNDER ema200 and thats when you have to start looking for longs...
Thanks for that, that is really good to know...a great piece of education
  • #327,398
  • Oct 18, 2012 2:25pm Oct 18, 2012 2:25pm
Google is absolutely dying today.... the stock dumped 10%!!!
and Stock market halted trading of Google after their horrific earnings report....
but they claim they halted trading because the flow acted like a computer algorithm like Knight capital group gone rogue again....
i doubt it....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,399
  • Oct 18, 2012 2:25pm Oct 18, 2012 2:25pm
your kidding right


Quoting walkman
during sharp drops fibo 23 important.

of course also 38 but better 23
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #327,400
  • Oct 18, 2012 2:27pm Oct 18, 2012 2:27pm
Good day,

I'm closing out both shorts. Enough..

Happy.

Going to bed. Travelling tomorrow.

all the best.

Regards
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