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Cable Update (GBPUSD)

  • #330,721
  • Nov 23, 2012 11:35am Nov 23, 2012 11:35am
Quoting FX Wolf
eur/jpy first short triggered at 106.90
any one else trading eur/jpy?
Wolves don't lose any sleep over the opinion of the sheep.
  • #330,722
  • Nov 23, 2012 11:42am Nov 23, 2012 11:42am
Quoting walkman
anybody believe in this ?

I do believe in this
Loosening is not an option
  • #330,723
  • Nov 23, 2012 12:00pm Nov 23, 2012 12:00pm
Quoting FX Wolf
any one else trading eur/jpy?
2nd short triggered in EJ 106.95 and i think its enuf for now never know this sucker go up as high as 108.10,

holding cable,fiber, gold and silver for higher little more greedy prices 1.63 n 1.66, 1.3250 n 1.3480, $40 n 1880

GL
Wolves don't lose any sleep over the opinion of the sheep.
  • #330,724
  • Nov 23, 2012 12:36pm Nov 23, 2012 12:36pm
Quoting walkman
anybody believe in this ?
I, too, believe in 'this'. But how much of a reversal 'this' represents, I have no clue.

I am currently short from 16045, which will surely be good for 45 pips to the big figure, but could extend all the way to sub-1.58 by the end of the month. Many would say this is very unlikely - which is exactly the reason I think it may happen.
Attached Image (click to enlarge)
Click to Enlarge Name: 121123 GU revrs.png Size: 27 KB
  • #330,725
  • Nov 23, 2012 12:39pm Nov 23, 2012 12:39pm
Quoting FX Wolf
any one else trading eur/jpy?
Yes. Shorted at 106.94 sl 107.10 never traded this before. Took punt after your post Was long on aud/jpy from 84 to 86. was short on gbp/usd @ 1.5946 sl 1.6 triggerd. Short again at 1.6046 sl 1.6060.
  • #330,726
  • Nov 23, 2012 12:46pm Nov 23, 2012 12:46pm
Quoting Typeface
I, too, believe in 'this'. But how much of a reversal 'this' represents, I have no clue.

I am currently short from 16045, which will surely be good for 45 pips to the big figure, but could extend all the way to sub-1.58 by the end of the month. Many would say this is very unlikely - which is exactly the reason I think it may happen.
like the chart and the idea is good, it will go down and we can see 1.58 or near
Loosening is not an option
  • #330,727
  • Nov 23, 2012 12:53pm Nov 23, 2012 12:53pm
Quoting Typeface
I, too, believe in 'this'. But how much of a reversal 'this' represents, I have no clue.

I am currently short from 16045, which will surely be good for 45 pips to the big figure, but could extend all the way to sub-1.58 by the end of the month. Many would say this is very unlikely - which is exactly the reason I think it may happen.
Actually, retrace to 15910-20 seems quite possible, from where progress will be hard - a lot of s/r action there in the last fortnight.
I'll have to decide at that point who's in the driving seat - a bull or a bear.

Have a good w/e.

edit: Also, 23.6 fib level at 15910 (obscured)
Attached Image (click to enlarge)
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  • #330,728
  • Nov 23, 2012 12:55pm Nov 23, 2012 12:55pm
Quoting FX Wolf
2nd short triggered in EJ 106.95 and i think its enuf for now never know this sucker go up as high as 108.10,

holding cable,fiber, gold and silver for higher little more greedy prices 1.63 n 1.66, 1.3250 n 1.3480, $40 n 1880

GL
you're fast man... my PO triggered 5 pips lower than yours.. very tiny position for just a test position. as i also think it might make it to 108 area as you said so, since high drawdown = very tiny position.

reason: due to weekly old support level.

seems like it's a good thing i closed my short yesterday for just 35 pips only (my entry was 5935 & 5960, closed @ 5930) . just wanna make sure the TL break first before reenter but didn't take any long since i was expecting a breakout.
Attached Image(s) (click to enlarge)
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  • #330,729
  • Nov 23, 2012 2:27pm Nov 23, 2012 2:27pm
Quoting A-speculator
you're fast man... my PO triggered 5 pips lower than yours.. very tiny position for just a test position. as i also think it might make it to 108 area as you said so, since high drawdown = very tiny position.

reason: due to weekly old support level.

seems like it's a good thing i closed my short yesterday for just 35 pips only (my entry was 5935 & 5960, closed @ 5930) . just wanna make sure the TL break first before reenter but didn't take any long since i was expecting a breakout.
I'm very glad you did this Specs
I was thinking about your short yesterday and even more so when
I woke up this morning brother.

I could smell something like this but did not expect 1.6 in a single 4hr candle.
Come with me if you want to live....
  • #330,730
  • Nov 23, 2012 2:37pm Nov 23, 2012 2:37pm
Quoting Ill-b-back
I'm very glad you did this Specs
I was thinking about your short yesterday and even more so when
I woke up this morning brother.

I could smell something like this but did not expect 1.6 in a single 4hr candle.
You can enjoy for Sleeps, Bro

I can sleep 2 Hours every night only. Almost 2 Weeks...
Always looking the GREAT, never left GOOD Point...
  • #330,731
  • Nov 23, 2012 2:42pm Nov 23, 2012 2:42pm
Quoting Tsar
You can enjoy for Sleeps, Bro

I can sleep 2 Hours every night only. Almost 2 Weeks...
OMG Tsar, you need more than that mate

Take care Tsar, I'm driving down the Coast right now so have to go.

Enjoy your weekend mate, I hope you caught that bull rush
Come with me if you want to live....
  • #330,732
  • Nov 23, 2012 3:00pm Nov 23, 2012 3:00pm
Quoting Tsar
You can enjoy for Sleeps, Bro

I can sleep 2 Hours every night only. Almost 2 Weeks...
thanks for your thoughts mate, that's the reason why i talked a lot regarding support & resistance.. what good does the support/resistance if we don't react to it, right?. for an ideal position, i will normally enter on the retest but position as i'm currently in (EJ) which is more like a gamble (since no confirmation yet), i will only risk 2% or less ( as test position )

well, if worse come to worse, i will always have SL in any of my positions.. i would certainly won't let the losses loose..

nice trade you got there mate.. all the best to you and everybody here.

have a nice weekend mate.
  • #330,733
  • Edited 3:48pm Nov 23, 2012 3:14pm | Edited 3:48pm
Quoting Ill-b-back
OMG Tsar, you need more than that mate

Take care Tsar, I'm driving down the Coast right now so have to go.

Enjoy your weekend mate, I hope you caught that bull rush
I do... Start Next Weekend, Bro.

I will reduce my Post for these...

Happy a Great Weekend
Always looking the GREAT, never left GOOD Point...
  • #330,734
  • Edited 3:29pm Nov 23, 2012 3:18pm | Edited 3:29pm
Quoting A-speculator
thanks for your thoughts mate, that's the reason why i talked a lot regarding support & resistance.. what good does the support/resistance if we don't react to it, right?. for an ideal position, i will normally enter on the retest but position as i'm currently in (EJ) which is more like a gamble (since no confirmation yet), i will only risk 2% or less ( as test position )

well, if worse come to worse, i will always have SL in any of my positions.. i would certainly won't let the losses loose..

nice trade you got there mate.. all the best to you...
Thank's for your Attention, Bro...

I knew about it.

Btw... I must priority my Real Trade, the first & Given Info in Post for ALL, the second.

I don't Care another Members given Bad Image for me about my Lost in FX Explorer...
My Attention for PPL (more Important) than my FX Explorers, b'cause They need INFO about FX

My Problems : I can't worked 3 Job : Trade Real Account, make Post in Room & Trade FX Explorers in the SAME time
Limits until THIS Week. Start Next Week, I more focus my Real Trade & FX Explorers :nerd:
I will RECOVER it...


Note :
Attach EURO in H4 Chart (with True Signal) for my Real Trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-24_EUR - H4 Chart_True Signal.png Size: 29 KB
Always looking the GREAT, never left GOOD Point...
  • #330,735
  • Nov 23, 2012 3:39pm Nov 23, 2012 3:39pm
Nav are you bull next week, 160?
  • #330,736
  • Nov 23, 2012 4:04pm Nov 23, 2012 4:04pm
Well for me its been a fckd up week, anyways lets see what happens next week.
I am still stuck with my bears who seem to be either deep asleep or apparently high on some really hard kind of drugs.
  • #330,737
  • Nov 23, 2012 4:53pm Nov 23, 2012 4:53pm
Quoting alex1976
Nav are you bull next week, 160?
i will have to look at the charts....i didnt update them the whole week..and i didnt expect it to go like this..especailly with the dailly yesterday was bearish...any idea is the movement was caused by news?
  • #330,738
  • Nov 23, 2012 4:57pm Nov 23, 2012 4:57pm
Quoting nAVIN2007
i will have to look at the charts....i didnt update them the whole week..and i didnt expect it to go like this..especailly with the dailly yesterday was bearish...any idea is the movement was caused by news?
eur gbp was satisfied after breaking 8070-80 to 81
90% of traders use TA, indicators and prediction
  • #330,739
  • Nov 23, 2012 5:05pm Nov 23, 2012 5:05pm
Quoting nAVIN2007
i will have to look at the charts....i didnt update them the whole week..and i didnt expect it to go like this..especailly with the dailly yesterday was bearish...any idea is the movement was caused by news?

Im not sure about the news, because Im purely technical.

That daily close yester suggested a turn at the 38.2 fib, and I even nibbled at it taking a small postion short. I still had my doubts though, hence the small trade and tight stop.

But looking at weekly, looks like some good juice in this north train, however theres a trendline on the daily that suggests otherwise.

Regardless though im looking for a long on sunday.
  • #330,740
  • Nov 23, 2012 5:43pm Nov 23, 2012 5:43pm
Weekend review

Bullish Daily and weekly candle closes.with Friday's pip range exceeding both it's Daily R3 and indeed weekly R3 just closed ! Although Friday achieved 180% of the 20 day atr, the week still only managed 87% of the 20 week atr notwithstanding Friday's large pip range (relative to recent times !- ie the 20 day atr was 67 pips as of Thursday's close !! - although Friday's pip range will have increased that doubtless.)

So, Weekly remains in a classic opa range (opa - overall price action fractal price swing hi/lo analysis) but a strong bullish close off last week's hammer-esq weekly candle.

Daily has printed a H at friday's hi (althgough not a fractal swing there yet) above the last LH of it's general opa downtrend. This t/f therefore remains in a general opa downtrend but that H could be the 1st warning of a change in opa conditions in that t/f from the current opa downtrend ? (or not.)

4hr is in a general opa uptrend with Friday's hi coming just above a previous 4hr/daily swing hi zone @ 2 x fibs of the major swings down to 5827.

1hr too is in a general opa uptrend and the potential support/RBS (resistance becomes support) areas beneath Friday's close including fibs and trend lines are shown on that chart.

G/L for week ahead.
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