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Cable Update (GBPUSD)

  • #332,861
  • Dec 27, 2012 3:56am Dec 27, 2012 3:56am
Quoting sLOVEnia
It's a good RR in this range if it plays out.
Agreed! About a 1:4 RR ratio for a few mid-term positions.

Also heavily SHORT AUD/USD, NZD/USD and LONG EUR/AUD and GBP/AUD.
  • #332,862
  • Dec 27, 2012 4:10am Dec 27, 2012 4:10am
Update: Long position @16150 closed at 16170. Don't like the volume there....
Would like to see retrace to 16140 to long it to 16200.
  • #332,863
  • Dec 27, 2012 4:58am Dec 27, 2012 4:58am
Quoting ZizoFX
Buy Entry triggered at 1.6120 SL 1.6050 TP Open
SL Moved to BE +
Numbers NEVER Lie
  • #332,864
  • Dec 27, 2012 5:20am Dec 27, 2012 5:20am
Nonsense to trade before january 3,its just doesnot go that way ....,retails in control
  • #332,865
  • Dec 27, 2012 5:26am Dec 27, 2012 5:26am
Warming up!
Attached Image
Numbers NEVER Lie
  • #332,866
  • Dec 27, 2012 5:35am Dec 27, 2012 5:35am
Quoting ZizoFX
SL Moved to BE +
Very nice trade. Sudden bull attack
  • #332,867
  • Dec 27, 2012 6:30am Dec 27, 2012 6:30am
Personally, I am exercising caution here.

For a number of reasons, I'm still not totally sold on that weekly pin yet.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu30.gif Size: 13 KB
Click to Enlarge Name: gu31.gif Size: 12 KB
Click to Enlarge Name: gu32.gif Size: 13 KB
Click to Enlarge Name: gu33.gif Size: 13 KB
Come with me if you want to live....
  • #332,868
  • Dec 27, 2012 6:30am Dec 27, 2012 6:30am
Quoting volforex
Nonsense to trade before january 3,its just doesnot go that way ....,retails in control
where do you see retails? EU at 13260 retailers were short and then sudden up spike...the same is with GU.
Must say this days it is very easy to trade. Smart money is leaving good foot prints...
  • #332,869
  • Dec 27, 2012 6:33am Dec 27, 2012 6:33am
Quoting Ill-b-back
Personally, I am exercising caution here.

For a number of reasons, I'm still not totally sold on that weekly pin yet.

Good point. I totally agree with you. It is not so set even if there is weekly pinbar...
On GU volume (on smaller TFs) says to me there is strength behind. We will see.
  • #332,870
  • Dec 27, 2012 6:49am Dec 27, 2012 6:49am
Quoting sLOVEnia
Good point. I totally agree with you. It is not so set even if there is weekly pinbar...
On GU volume (on smaller TFs) says to me there is strength behind. We will see.
It's a tough market right now, I'm off to bed to let it do what ever it does...
Come with me if you want to live....
  • #332,871
  • Dec 27, 2012 8:51am Dec 27, 2012 8:51am
Quoting WilliamDa
Very nice trade. Sudden bull attack
Thanks William, Not safe until price closes above 200 EMA on weekly chart. Trend is up but weekly showing signs of reversal. We have a pin bar & price at or under 200 EMA. This weeks candle will give a direction for next year when it closes.
Numbers NEVER Lie
  • #332,872
  • Dec 27, 2012 8:59am Dec 27, 2012 8:59am
Bored with PA. Decided to cluster my chart Here is an H4 chart with a break & retest. Simply candlestick pattern with price action but chart does look so simple Patience
Attached Image (click to enlarge)
Click to Enlarge Name: HOUR4GU.png Size: 40 KB
Numbers NEVER Lie
  • #332,873
  • Dec 27, 2012 10:17am Dec 27, 2012 10:17am
Quoting ZizoFX
SL Moved to BE +
SL Hit Out +1
Numbers NEVER Lie
  • #332,874
  • Dec 27, 2012 10:19am Dec 27, 2012 10:19am
Opened Long Position again @ 1.6115 SL 1.6050 TP Open

GL
Numbers NEVER Lie
  • #332,875
  • Dec 27, 2012 10:46am Dec 27, 2012 10:46am
Short positions are looking GREAT! I love waking up to Green Pips! A little over 100 pips floating profit with G/U trades at the moment. Expecting another push down tomorrow. We'll see...
  • #332,876
  • Dec 27, 2012 10:59am Dec 27, 2012 10:59am
I get the impression price wants to blast through 6100 on the southbound train
  • #332,877
  • Dec 27, 2012 11:00am Dec 27, 2012 11:00am
Its amazing how people are still longing the GBPUSD when ive been clearly saying that GBPUSD is headed to 1.60 to retest that whole number... no body listens?
if 1.60 gives... 1.59 EMA200 daily is the next line in the sand guys....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #332,878
  • Dec 27, 2012 11:03am Dec 27, 2012 11:03am
I'm listening tyrant, I listened to the weekly hammer/pin candle, as i went south from there.

I don't get longs rationale from here?
  • #332,879
  • Dec 27, 2012 11:25am Dec 27, 2012 11:25am
Quoting alex1976
I'm listening tyrant, I listened to the weekly hammer/pin candle, as i went south from there.

I don't get longs rationale from here?
unfortunately i wish GBPUSD weakness could ultimately translate to GBPJPY weakness...
unfortunately yen easing is giving strength to GBPJPY and all other crosses... but i feel like their easing efforts is rather unsustainable.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #332,880
  • Dec 27, 2012 11:29am Dec 27, 2012 11:29am
look at the steam coming out of this southbound train? nice ehh
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