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Cable Update (GBPUSD)

  • #334,321
  • Jan 20, 2013 4:08pm Jan 20, 2013 4:08pm
Quoting Goldflake
Took short here 5860. target 5760. stoploss: 5910.

Working nice. target changed to 5837.
Risky
  • #334,322
  • Jan 20, 2013 4:59pm Jan 20, 2013 4:59pm
Quoting 100PipsADay
Took a short at 1.6040 as price was testing H1 support again. I will keep a close eye on it to see how it reacts but am looking for a break of 1.60. If broken and confirmed then 1.585 will be my take profit target.
Closed short for 190 pips totaling $7,600. Excellent month so far!
  • #334,323
  • Jan 20, 2013 5:27pm Jan 20, 2013 5:27pm
Morning guys,

Damn, miss the train on friday..

I think, i will wait at 5960 then.. maybe it will takes 2-3 days to get there.. hopefully..
  • #334,324
  • Jan 20, 2013 5:57pm Jan 20, 2013 5:57pm
I see a good support on daily bars at 5827.. I think I'll go long
  • #334,325
  • Jan 20, 2013 6:06pm Jan 20, 2013 6:06pm
Quoting gt21
I see a good support on daily bars at 5827.. I think I'll go long
I have this exact level as well, good support.

However, I will not go long yet, I still see more downside in the near term. Currently flat on Cable.
  • #334,326
  • Jan 20, 2013 6:30pm Jan 20, 2013 6:30pm
hi all i think long is a good position for now for retest of 1.6050 from there i will go short
my regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 49 KB
Click to Enlarge Name: gbpusd2.png Size: 57 KB
focus while relaxed to see better
  • #334,327
  • Jan 20, 2013 6:36pm Jan 20, 2013 6:36pm
Quoting Compulsive
Might get a good support on the GBP/USD and a good resistance on the NZD/USD.....went long the GBP/NZD at 1.90005 and 1.89857 - Target open -

http://i.imgur.com/dpyhc.png

Added another long at 1.89500 -
  • #334,328
  • Jan 20, 2013 7:17pm Jan 20, 2013 7:17pm
My Road map for the Week..............
It's the 2nd dip into the 2 days demand..
Attached Image (click to enlarge)
Click to Enlarge Name: mymap.gif Size: 26 KB
  • #334,329
  • Jan 20, 2013 9:57pm Jan 20, 2013 9:57pm
Quoting orabi
hi all i think long is a good position for now for retest of 1.6050 from there i will go short
my regards
Personally, i dont think she will go that high mate.. thats 2 resistance u're talking about.. and we already quite far from the nearest one..

I think 5960 is a sweet spot already..
  • #334,330
  • Jan 20, 2013 10:28pm Jan 20, 2013 10:28pm
Quoting A-speculator
Personally, i dont think she will go that high mate.. thats 2 resistance u're talking about.. and we already quite far from the nearest one..

I think 5960 is a sweet spot already..
There'p a possibility price might stall at about 5920.. for bears, now is the time to spend time with family or spend more time in FF.. lol.
  • #334,331
  • Jan 21, 2013 12:08am Jan 21, 2013 12:08am
Quoting CasperTrader
Or trade down to the lower trendline with a low risk.
Looks like the upper trendline touch is also quite possible. Better to wait and let it breakout first either side.
  • #334,332
  • Jan 21, 2013 1:40am Jan 21, 2013 1:40am
hi every1
i'm going for a busy week, will not have much time to keep posting but will try to do my best!
will be online with daily webinars as usually... btw

for the moment out of GU
i'm shorting small size in EU possible weakness till 3170 will be looking to increase if goes <3270

later
90% of traders use TA, indicators and prediction
  • #334,333
  • Jan 21, 2013 3:33am Jan 21, 2013 3:33am
Quoting nAVIN2007
i know anything can happen but regarding this traingle bro..u reckon the market considers the fact that the 3 rd touch on the upper trendline didnt happen to be a market debt..and perhaps this area need to be forfilled before a drop..

this is something that has always puzzled me

happy new year to u btw..i wish u much success
Hey Nav. Happy NY to you too. It is never to late to wish best of luck! Wish your dreams to come true in 2013 with some bonus! All the best my man!

If it is a trend line solely we trust it doesn't mean that the zone is a must reach. TLs are just one out of many tools out there when looking for the s/r zones and they always need to be confirmed.

I would simplify the situation and just say that there are so many s/r levels there on the charts scrolling down the data back 20 years or so that sometimes we, the humans, miss one or another level from which the price can bounce. This is also how the market works. Not only for order fills but for TPs too. Imagine if you're waiting to take the profit there at the trend line. Some traders being greedy wait for the pip-to-pip zone. Not taking the profit couple pips earlier can cost them a sudden 20 pips or more bounce back when they don't expect it. Some stress is being added and this is when mistakes start to happen. And there are more logical explanations that would confirm that it is quite a reasonable solution to get our/get in couple pips earlier. It is just couple pips that can save us some nerves.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #334,334
  • Jan 21, 2013 3:36am Jan 21, 2013 3:36am
eu and gu on sell
Attached Image (click to enlarge)
Click to Enlarge Name: 20121231eu1.gif Size: 15 KB
  • #334,335
  • Jan 21, 2013 3:39am Jan 21, 2013 3:39am
i'm out from cable for a while
here my links for study in

EUR USD

EUR GBP

XAU USD
90% of traders use TA, indicators and prediction
  • #334,336
  • Jan 21, 2013 3:56am Jan 21, 2013 3:56am
Quoting _BBKing_
i'm out from cable for a while
here my links for study in

EUR USD

EUR GBP

XAU USD
im short from 1.3322, still awaiting that MACD divergence move down to playout...
and look at the R:R on my trade.... SL just 80 pips but profits... wow see where the Blue EMA55 and Red EMA200 is at?? potential for a 400 pip profit on this baby... if SL doesnt get hit....
https://dl.dropbox.com/u/52561775/Fo...pusd.daily.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,337
  • Jan 21, 2013 5:02am Jan 21, 2013 5:02am
Quoting fxtyrant
im short from 1.3322, still awaiting that MACD divergence move down to playout...
and look at the R:R on my trade.... SL just 80 pips but profits... wow see where the Blue EMA55 and Red EMA200 is at?? potential for a 400 pip profit on this baby... if SL doesnt get hit....
https://dl.dropbox.com/u/52561775/Fo...pusd.daily.gif
Good catch on that one mate.. ive have a PO at 3340 since market open but missed the train, i guess..

Im expecting something like your target, my strategy on fiber wont be too aggresive until 3000 breaks.. will catch on the next train.. Oh my..

Currently only shorting EG & UJ..
  • #334,338
  • Jan 21, 2013 5:45am Jan 21, 2013 5:45am
Quoting walkman
eu and gu on sell
eu was wery nice setup to sell with LH.

Gu made HH
Attached Image (click to enlarge)
Click to Enlarge Name: 20121231eu1.gif Size: 18 KB
  • #334,339
  • Jan 21, 2013 5:51am Jan 21, 2013 5:51am
GBPUSD - up trend
prices for buy - 5817-5800; 5840-30
According to my system.
In the future I will share it with u.
  • #334,340
  • Jan 21, 2013 6:02am Jan 21, 2013 6:02am
Quoting Andrew23FX
GBPUSD - up trend
prices for buy - 5817-5800; 5840-30
According to my system.
In the future I will share it with u.
This doesn't really do anybody any good, probably best to keep these posts to yourself. Charts along with analysis will help others understand WHY you are going short or long on a particular pair.
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