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Cable Update (GBPUSD)

  • #328,521
  • Oct 29, 2012 9:06am Oct 29, 2012 9:06am
Quoting Nachiket
see 1.6075 back on course
Yes, now looks like time to buy. I closed sell from 1.6065 at 1.6038 . Now Am buy at 1.6040 SL-1.6019 TP-1.607x area.

Dollar_Index now..
Attached Image (click to enlarge)
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To Your Success!!
  • #328,522
  • Oct 29, 2012 9:13am Oct 29, 2012 9:13am
fibo 23
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  • #328,523
  • Oct 29, 2012 9:27am Oct 29, 2012 9:27am
Quoting ndsouz
Yes, now looks like time to buy. I closed sell from 1.6065 at 1.6038 . Now Am buy at 1.6040 SL-1.6019 TP-1.607x area.

Dollar_Index now..
Attachment
I went short @ .6074 w/TP @ .1620.

Good luck bro
  • #328,524
  • Oct 29, 2012 9:33am Oct 29, 2012 9:33am
Quoting fxtyrant
I SAY EU UP AND GBP DOWN... WHY?? i think i posted a chart about how EURGBP is about to meet Support??

you be the judge... if that Blue EMA acts well as a support.. we can see EURGBP back up to that RED EMA 200
Attachment
This was the post a couple days back...

and this is what EURGBP looks like today...
Doesnt take much of a genius to trade EMA's.... it was pretty obvious that line was gona hold... with the supporting up trend adn the 55EMA now acting as support... we shall see EURGBP get back to the RED EMA200... this will either mean.... GBP to Tank hard or EURO to fly High....
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,525
  • Oct 29, 2012 9:41am Oct 29, 2012 9:41am
Quoting PF-Trader
I went short @ .6074 w/TP @ .1620.

Good luck bro
GoodLuck 2 you 2 bro.

When trade is taken from wise decision... stop-loss according to plan.
When trade is taken from risky decision... stop-loss tight (20pip or less)

Now my trade is risky decision so SL tight.
To Your Success!!
  • #328,526
  • Oct 29, 2012 9:50am Oct 29, 2012 9:50am
Quoting ndsouz
Yes, now looks like time to buy. I closed sell from 1.6065 at 1.6038 . Now Am buy at 1.6040 SL-1.6019 TP-1.607x area.

Dollar_Index now..
Attachment
According to my timing, it's not time to get down bottom line yet. Another bounce back would be seen before the submarine visits the seabed

I am waiting for price get back 16020-25 to buy TP 80 pips (top line), SL 35-40 pips.

Then short again (still hold short @ 16110)
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  • #328,527
  • Oct 29, 2012 9:56am Oct 29, 2012 9:56am
Quoting ndsouz
GoodLuck 2 you 2 bro.

When trade is taken from wise decision... stop-loss according to plan.
When trade is taken from risky decision... stop-loss tight (20pip or less)

Now my trade is risky decision so SL tight.
well done I trade 1H only - it`s too early to think about an early retirement of my short
  • #328,528
  • Oct 29, 2012 9:56am Oct 29, 2012 9:56am
fibo 23 sold
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  • #328,529
  • Oct 29, 2012 10:14am Oct 29, 2012 10:14am
Quoting walkman
fibo 23 sold
You could have been more precise with a little patience... plan your trade and then trade your plan! I hope it works for you! I am still bearish on this pair and my shorts are running for a month now

Trade well!
  • #328,530
  • Oct 29, 2012 10:30am Oct 29, 2012 10:30am
nice bounce off last week's swing mid - now bulls trying to recapture last Monday's high - if it's taken - this recent down move ( Friday and Today ) looks more like a retrace of last WEDS and THURS bullish PA , then intraday TGs of 070 , 090 , 120 etc ... all in my humblest opinion of course
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  • #328,531
  • Oct 29, 2012 11:07am Oct 29, 2012 11:07am
Quoting chazzle
nice bounce off last week's swing mid - now bulls trying to recapture last Monday's high - if it's taken - this recent down move ( Friday and Today ) looks more like a retrace of last WEDS and THURS bullish PA , then intraday TGs of 070 , 090 , 120 etc ... all in my humblest opinion of course
bulls failed - but for this time of day only other realistic bear tg is 1.6 - i think more probably a 16020/050 range till the forseeable
  • #328,532
  • Oct 29, 2012 11:26am Oct 29, 2012 11:26am
Quoting chazzle
bulls failed - but for this time of day only other realistic bear tg is 1.6 - i think more probably a 16020/050 range till the forseeable
Alright mate! I have 1.5940 for one of my short targets. Will post my chart for my week later this evening. Trade well!
  • #328,533
  • Oct 29, 2012 11:34am Oct 29, 2012 11:34am
Quoting walkman
fibo 23 sold
Right idea, wrong execution. Learn from it and move on. It's not just about analysing charts, it's also about analysing yourself. I like your charts and how your analysis, you keep it nice and simple. Keep up the great contribution, your an asset to this thread
  • #328,534
  • Oct 29, 2012 11:43am Oct 29, 2012 11:43am
Quoting bbakker
Right idea, wrong execution. Learn from it and move on. It's not just about analysing charts, it's also about analysing yourself. I like your charts and how your analysis, you keep it nice and simple. Keep up the great contribution, your an asset to this thread
Unless of course it didn't hit your SL and I got it wrong... great trade!!! I am out enjoying my day off and the drink is flowing... lol. Catch you laters!
  • #328,535
  • Oct 29, 2012 11:52am Oct 29, 2012 11:52am
Quoting ndsouz
GoodLuck 2 you 2 bro.

When trade is taken from wise decision... stop-loss according to plan.
When trade is taken from risky decision... stop-loss tight (20pip or less)

Now my trade is risky decision so SL tight.
I'm now taken risk 2 its MAXX , in the wrong direction!!
increased my stoplossy at 1.5990 (my last stand)

Put another buy @ 1.6010 over existing buy @ 1.6040.
The Grand Finale... my last stand stoploss @ 1.5990
TP- Will leave it for anything over 1.6060
Or depending on situation if it reaches there , maybe 1.6080 to 1.6110-20

Attached Image (click to enlarge)
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To Your Success!!
  • #328,536
  • Oct 29, 2012 12:12pm Oct 29, 2012 12:12pm
Quoting bbakker
Unless of course it didn't hit your SL and I got it wrong... great trade!!! I am out enjoying my day off and the drink is flowing... lol. Catch you laters!
i like to have entry point at bigger TF and then get confirmation on smaller TF.

why i not enter exactly on fibo 23 because i wait signal on m5.

first trade closed at BE. second trade entered to early. actualy fibo 23 still dont touch.

and marked correct entry point.

still learning. today was nervous day
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  • #328,537
  • Oct 29, 2012 12:42pm Oct 29, 2012 12:42pm
Quoting Goldflake
Looks like it'll shoot down 100 points today. may be 5960-70 is reachable.
hmm...bastards doing it again!
When Scalpers win, I lose and Vice varsa...
  • #328,538
  • Oct 29, 2012 1:48pm Oct 29, 2012 1:48pm
Quoting walkman
i like to have entry point at bigger TF and then get confirmation on smaller TF.

why i not enter exactly on fibo 23 because i wait signal on m5.

first trade closed at BE. second trade entered to early. actualy fibo 23 still dont touch.

and marked correct entry point.

still learning. today was nervous day
once again..nice chart but again..yur reason is the fib 23..why not the retrace at 50% with the resistance..or 61.8..? its actually the 61.8 retrace and doji..at resistance

yur fib just lined up with the resistance..the fib had nothing to do with it!!
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  • #328,539
  • Oct 29, 2012 1:56pm Oct 29, 2012 1:56pm
Quoting nAVIN2007
once again..nice chart but again..yur reason is the fib 23..why not the retrace at 50% with the resistance..or 61.8..?

yur fib just lined up with the resistance..the fib had nothing to do with it!!
It was a lovely m15 supply zone though with price going back to the origin of the drop and then continuing the downtrend to set a new low before London close. Nice end of day play. Chazzle got the bounce spot on but higher timeframes tell me we should be going lower, back to the major support, last week's low.
  • #328,540
  • Oct 29, 2012 2:00pm Oct 29, 2012 2:00pm
Quoting nAVIN2007
once again..nice chart but again..yur reason is the fib 23..why not the retrace at 50% with the resistance..or 61.8..? its actually the 61.8 retrace and doji..at resistance

yur fib just lined up with the resistance..the fib had nothing to do with it!!
someboddy taught me about fibo reaction at 23 and 38.

I know that here is the forum about GU, but EU's latest moves down and the reaction to the fibo 23 ...

I really think that this is a reaction to fibo23, but maybe perhaps there is another reason.
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