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Cable Update (GBPUSD)

  • #336,061
  • Feb 20, 2013 9:19pm Feb 20, 2013 9:19pm
out
Come with me if you want to live....
  • #336,062
  • Feb 20, 2013 9:29pm Feb 20, 2013 9:29pm
If buying doesn't work, just means you need to sell I guess
Attached Image (click to enlarge)
Click to Enlarge Name: gu84.gif Size: 9 KB
Come with me if you want to live....
  • #336,063
  • Feb 20, 2013 10:31pm Feb 20, 2013 10:31pm
Well i'm out,took away most of my gains for the year. Good luck for those that are trading this beast, I had been waiting and waiting for this fuckin thing to retrace and retrace and it kept on going down and down some more. I am now of the opinion that it will keep going down. But i'm not going to place a short because it probably start going up. I give up. Fuck.
  • #336,064
  • Feb 20, 2013 10:36pm Feb 20, 2013 10:36pm
she made new low in 2013 wait for me ....

Quoting iqyu5an
cable : bullish shark, new low in 2013, drop after 1000 pips ++, anti persistence level , divergence seen here and there ... etc etc... ( but yess candle is sooo bearish ) .. just try my luck based on bullish shark

Quoting Ill-b-back
Not looking good
not euphoria follower
  • #336,065
  • Feb 20, 2013 10:52pm Feb 20, 2013 10:52pm
Quoting feather
Well i'm out,took away most of my gains for the year. Good luck for those that are trading this beast, I had been waiting and waiting for this fuckin thing to retrace and retrace and it kept on going down and down some more. I am now of the opinion that it will keep going down. But i'm not going to place a short because it probably start going up. I give up. Fuck.
Hi brother
Please don't chase.Wait until price stabilizes and shows retrace before placing your longs.I am keeping an eye on Cable, Euro long. Cad short NU short etc.
Art of trade is waiting for the right moment.One of my favorite things to do is watch big cats hunting.Experienced lioness waits for the right time to attack.Too early and prey escapes and too late no catch.
Its incredibly cunning how true it is for trading.Be a predator.Wait for the right time.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #336,066
  • Feb 20, 2013 11:27pm Feb 20, 2013 11:27pm
Hi brother
Please don't chase.Wait until price stabilizes and shows retrace before placing your longs.I am keeping an eye on Cable, Euro long. Cad short NU short etc.
Art of trade is waiting for the right moment.One of my favorite things to do is watch big cats hunting.Experienced lioness waits for the right time to attack.Too early and prey escapes and too late no catch.
Its incredibly cunning how true it is for trading.Be a predator.Wait for the right time.

Thanks, well to be honest i have followed this all the way but it's been the last drop that caught me off guard. I guess what your saying is only eat, after I have had a winning trade.
  • #336,067
  • Feb 20, 2013 11:33pm Feb 20, 2013 11:33pm
Quoting CasperTrader
We just hit the Fib 61.8 at 1.5193 for a move from week of May 17th, 2010 to April 25, 2011. If it overextends, the next target maybe the trendline shown in chart.
Looks like the most anticipated retrace is finally coming. Let's see how long it lasts. Weekly is still monster bearish.
  • #336,068
  • Feb 20, 2013 11:37pm Feb 20, 2013 11:37pm
Quoting feather
Hi brother
Please don't chase.Wait until price stabilizes and shows retrace before placing your longs.I am keeping an eye on Cable, Euro long. Cad short NU short etc.
Art of trade is waiting for the right moment.One of my favorite things to do is watch big cats hunting.Experienced lioness waits for the right time to attack.Too early and prey escapes and too late no catch.
Its incredibly cunning how true it is for trading.Be a predator.Wait for the right time.

Thanks, well to be honest i have followed this all the way but it's been the last...
Sorry for your loss mate.
I've burned myself enough so I don't even think of counter trade now. You can if you know the tops and bottoms.
GU usually has a tendency to do a final swift move. How do you know if it's swift, final and meant as a bear trap? You watch the re-trace. This last move had a fast re-trace. Well I think it still needs to clear 1.5211 before any longs can be placed. Even the earlier one today morning didn't re-trace quite well. So, let's see. If 1.5130 goes, I'm seeing 1.4950 as next.
  • #336,069
  • Feb 21, 2013 1:26am Feb 21, 2013 1:26am
Quoting iqyu5an
she made new low in 2013 wait for me ....
I'll wait for you bro
Come with me if you want to live....
  • #336,070
  • Feb 21, 2013 1:42am Feb 21, 2013 1:42am
Call me crazy...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_4h.gif Size: 19 KB
Click to Enlarge Name: USDLFX_GBPLFX_4H_2.PNG Size: 59 KB
Ghost Rider - WWTBMD?
  • #336,071
  • Feb 21, 2013 1:43am Feb 21, 2013 1:43am
here my view about GBP USD

out of topic
something about EUR USD here
and AUD USD here

90% of traders use TA, indicators and prediction
  • #336,072
  • Feb 21, 2013 1:50am Feb 21, 2013 1:50am
Repeating bullish div patterns 15m, 30min and 1hr at the current daily lo-5130-strong bounce from there...offers touted 5250 now ? ...that is around 38.2% 5450-5130

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 116 KB
ex member
  • #336,073
  • Feb 21, 2013 1:53am Feb 21, 2013 1:53am
if the 4h candlestick stays as it is then im long. great R/R at these levels
  • #336,074
  • Feb 21, 2013 1:53am Feb 21, 2013 1:53am
Quoting bbmac
Repeating bullish div patterns 15m, 30min and 1hr at the current daily lo-5130-strong bounce from there...offers touted 5250 now ? ...that is around 38.2% 5450-5130

G/L
Kind of what I was seeing when I pulled the trigger.
Ghost Rider - WWTBMD?
  • #336,075
  • Feb 21, 2013 1:59am Feb 21, 2013 1:59am
Short at 225. S/L 240, target 5175. Not pushing for a continuation to LLs due to bullish divergence.
  • #336,076
  • Feb 21, 2013 2:01am Feb 21, 2013 2:01am
Quoting albchr
Call me crazy...
  • #336,077
  • Feb 21, 2013 2:05am Feb 21, 2013 2:05am
Quoting albchr
Call me crazy...
Interesting :nerd:

Not crazy bro...
Come with me if you want to live....
  • #336,078
  • Feb 21, 2013 2:11am Feb 21, 2013 2:11am
I wonder if we can retrace yesterdays steps
Come with me if you want to live....
  • #336,079
  • Feb 21, 2013 2:14am Feb 21, 2013 2:14am
Quoting CasperTrader
LOL... don't clap yet buddy. Could be a really stupid move. Today will have to close back above the 50% before I'll think it was a good choice.

But The indexes are something I consider. I don't use divergences but when BBMAC comes in with that, it makes me feel better and also, I somehow think that this range will hold and todays news will have a negative effect on the dollar. I don't trade news, but I don't ignore it's effect.

As always, we shall see.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_daily_2.gif Size: 19 KB
Ghost Rider - WWTBMD?
  • #336,080
  • Feb 21, 2013 2:19am Feb 21, 2013 2:19am
Quoting Ill-b-back
Interesting :nerd:

Not crazy bro...

Here's hoping you're right bro. 5270 wasn't much support on the way down. Let's hope it isn't much resistance on the way up!
Ghost Rider - WWTBMD?
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