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Cable Update (GBPUSD)

  • #327,661
  • Oct 20, 2012 3:20am Oct 20, 2012 3:20am
Quoting fxtyrant
Thats what i mean, if ppl want to discus trading, why not post a chart and talk about it, talk about what in the chart made you decide to enter that trade and stuff
Estimate for Next Week http://ruforum.mt5.com/images/smilies/18.gif


http://ruforum.mt5.com/images/smilies/beach.gif on the http://ruforum.mt5.com/images/smilies/swim.gif



Take Care http://ruforum.mt5.com/images/smilies/driver.gif
Always looking the GREAT, never left GOOD Point...
  • #327,662
  • Oct 20, 2012 3:38am Oct 20, 2012 3:38am
Quoting Tsar
Estimate for Next Week http://ruforum.mt5.com/images/smilies/18.gif


http://ruforum.mt5.com/images/smilies/beach.gif on the http://ruforum.mt5.com/images/smilies/swim.gif



Take Care http://ruforum.mt5.com/images/smilies/driver.gif
Chilling out all the way down?
Come with me if you want to live....
  • #327,663
  • Oct 20, 2012 3:40am Oct 20, 2012 3:40am
Quoting Tsar
Estimate for Next Week http://ruforum.mt5.com/images/smilies/18.gif


http://ruforum.mt5.com/images/smilies/beach.gif on the http://ruforum.mt5.com/images/smilies/swim.gif



Take Care http://ruforum.mt5.com/images/smilies/driver.gif
Keep both feet on the wheel Tsar
Come with me if you want to live....
  • #327,664
  • Oct 20, 2012 3:46am Oct 20, 2012 3:46am
Quoting Ill-b-back
Chilling out all the way down?
Use min H4 Time Frime to see Market run... Started Last Week, H1 Time Frime too much BIAS.
And Next Week still to be Continue !


Quoting Ill-b-back
Keep both feet on the wheel Tsar

Thank's Bro. Be Carefull with BIAS & TRAP http://ruforum.mt5.com/images/smilies/burglar.gif

Cheers... http://ruforum.mt5.com/images/smilies/friends.gif
Always looking the GREAT, never left GOOD Point...
  • #327,665
  • Oct 20, 2012 3:56am Oct 20, 2012 3:56am
Quoting Tsar
Use min H4 Time Frime to see Market run... Started Last Week, H1 Time Frime too much BIAS.
And Next Week still to be Continue !





Thank's Bro. Be Carefull with BIAS & TRAP http://ruforum.mt5.com/images/smilies/burglar.gif

Cheers... http://ruforum.mt5.com/images/smilies/friends.gif
Cheers mate, will watch for the trap, but until I see it, I'm looking for the bottom 1.52xx - 1.53.
Come with me if you want to live....
  • #327,666
  • Oct 20, 2012 4:10am Oct 20, 2012 4:10am
Quoting Tsar
Use min H4 Time Frime to see Market run... Started Last Week, H1 Time Frime too much BIAS.
And Next Week still to be Continue !





Thank's Bro. Be Carefull with BIAS & TRAP http://ruforum.mt5.com/images/smilies/burglar.gif

Cheers... http://ruforum.mt5.com/images/smilies/friends.gif
Sorry brother, I forgot this
Come with me if you want to live....
  • #327,667
  • Oct 20, 2012 4:11am Oct 20, 2012 4:11am
Quoting Ill-b-back
Cheers mate, will watch for the trap, but until I see it, I'm looking for the bottom 1.52xx - 1.53.
Price 1.5803 is Key Point, Bro :nerd:
Always looking the GREAT, never left GOOD Point...
  • #327,668
  • Oct 20, 2012 4:30am Oct 20, 2012 4:30am
Quoting Tsar
Price 1.5803 is Key Point, Bro :nerd:
Agreed 100 percent as point to watch but I think it can break, will see what I see when we get there

Off to the movies to see Batman

See you kind sir
Come with me if you want to live....
  • #327,669
  • Oct 20, 2012 6:31am Oct 20, 2012 6:31am
Quoting Freshpips
positions closed @ 1.6038
1.6061 closed for + 23
1.6064 closed for + 26

+49 for the day.

Dont like Fridays..

Im done for the day.

Have a good weekend boys and girls
  • #327,670
  • Oct 20, 2012 6:32am Oct 20, 2012 6:32am
Quoting Fudomyo
hey Chris, good to see you. Long time!

Yeah, I would have never thought that one up either. Just goes to show truth is stranger than fiction.



hey mate, hope everything's good.

lol... so it was you!

I knew you were joking, but you know someone out there probably believes it's true....


anyway, I haven't traded GU in a while, but after yesterday's move, it has my attention again.


.
haha ..u know me to well
  • #327,671
  • Oct 20, 2012 6:32am Oct 20, 2012 6:32am
Quoting Tsar
Price 1.5803 is Key Point, Bro :nerd:
  • #327,672
  • Oct 20, 2012 7:00am Oct 20, 2012 7:00am
Quoting nAVIN2007
..... http://ruforum.mt5.com/images/smilies/accute.gif

..http://ruforum.mt5.com/images/smilies/ok.gif..

http://ruforum.mt5.com/images/smilies/wink1.gif .....
Always looking the GREAT, never left GOOD Point...
  • #327,673
  • Oct 20, 2012 5:50pm Oct 20, 2012 5:50pm
Quoting PoundTrader

http://ruforum.mt5.com/images/smilies/13.gif http://ruforum.mt5.com/images/smilies/luv.gif


http://ruforum.mt5.com/images/smilies/drink.gif
Always looking the GREAT, never left GOOD Point...
  • #327,674
  • Oct 21, 2012 7:34am Oct 21, 2012 7:34am
Heay sell off in gbp since 17th, 1.5992 looking to be a support level.
  • #327,675
  • Oct 21, 2012 10:00am Oct 21, 2012 10:00am
I have been posting recently on the 88.6% fibonacci retracement level. It is a less common number than the widely used retracement levels of 38.2%, 50.0% and 61.8%. Nonetheless, this 88.6% holds a better risk/reward ratio. For GBPUSD, last friday's downward move retraces near to the 88.6% of 1.6000.

If there are no significant gaps on monday opening, i am planning to go long. Stop loss is below the previous swing low of 1.5975.

Long near 1.6000-10
Stop loss below 1.5750-60
First target profit 1.6100
Second target profit 1.6180

http://i46.tinypic.com/es6ycz.png
  • #327,676
  • Oct 21, 2012 11:06am Oct 21, 2012 11:06am
Friend, you could well be right about the 88.6% fib in general and in this particular example of the 5975-6177 move which is thereabouts at last week's/Friday's low. I have no idea - it is not a fib I use and I do use them. How is it calculated - Do you know ?

There too was a previous 1hr swing lo zone (previous near-term obvious imbalance of demand over supply that caused price to rise) tested earlier on Friday and that saw a bounce that rally shortlived as sellers came back in resulting in another (2nd) test where demand was again encountered - see 1hr pic below.

Given Friday's daily candle and decisive ascending trend line downside breech on that t/f (see pic below) and last week's bearish weekly candle - what do you think is the greater probability of where price may go next re that 88.6% fib ? ie break or bounce ? - whether or not the greater probability plays out .

G/L with your proposed trade.

Quoting ForexMGames
I have been posting recently on the 88.6% fibonacci retracement level. It is a less common number than the widely used retracement levels of 38.2%, 50.0% and 61.8%. Nonetheless, this 88.6% holds a better risk/reward ratio. For GBPUSD, last friday's downward move retraces near to the 88.6% of 1.6000.

If there are no significant gaps on monday opening, i am planning to go long. Stop loss is below the previous swing low of 1.5975.

Long near 1.6000-10
Stop loss below 1.5750-60
First target profit 1.6100
Second target profit 1.6180

...
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ex member
  • #327,677
  • Oct 21, 2012 11:45am Oct 21, 2012 11:45am
Quoting nahman
Heay sell off in gbp since 17th, 1.5992 looking to be a support level.
15992 is good, but not what I am looking for. I need to see 15299 as final target for my shorts. Good luck to all here
  • #327,678
  • Oct 21, 2012 1:43pm Oct 21, 2012 1:43pm
weekly and daily says short
  • #327,679
  • Oct 21, 2012 4:07pm Oct 21, 2012 4:07pm
Quoting ForexMGames
I have been posting recently on the 88.6% fibonacci retracement level. It is a less common number than the widely used retracement levels of 38.2%, 50.0% and 61.8%. Nonetheless, this 88.6% holds a better risk/reward ratio. For GBPUSD, last friday's downward move retraces near to the 88.6% of 1.6000.

If there are no significant gaps on monday opening, i am planning to go long. Stop loss is below the previous swing low of 1.5975.

Long near 1.6000-10
Stop loss below 1.5750-60
First target profit 1.6100
Second target profit 1.6180

http://i46.tinypic.com/es6ycz.png...
You sure this is right? Entry at 1.6000 with stop loss at 1.5750! Your risking 250 pips for a possible 180? High risk low reward surely?
Trading comes quickly, patience and discipline does not!
  • #327,680
  • Oct 21, 2012 4:41pm Oct 21, 2012 4:41pm
Hey Fellas, sooo this is bguguen here..... ive just requested twee to change my username to fxtyrant to preserve some of my privacy!
good luck to you all guys, im still holding shorts on GBPUSD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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