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Cable Update (GBPUSD)

  • #344,301
  • Jul 25, 2013 10:52pm Jul 25, 2013 10:52pm
Quoting FxBreath
All indicators shows me long position on GBP/USD. So I stay long. I think today it must hit 1.5485
1.55 for sure, Friday madness

It takes a lot for me to IGNORE you, but you can try.
  • #344,302
  • Jul 25, 2013 10:55pm Jul 25, 2013 10:55pm
I guess I'll be one of few Bears here
3 shorts 5360 5385 54
In trading, you have to be defensive and aggressive at the same time
  • #344,303
  • Jul 25, 2013 11:00pm Jul 25, 2013 11:00pm
Quoting Davit
I guess I'll be one of few Bears here 3 shorts 5360 5385 54
You guess how many pips it will down?
  • #344,304
  • Jul 25, 2013 11:04pm Jul 25, 2013 11:04pm
Quoting Care forex
{quote} You guess how many pips it will down?

53 my tp
In trading, you have to be defensive and aggressive at the same time
  • #344,305
  • Jul 25, 2013 11:06pm Jul 25, 2013 11:06pm
Quoting Care forex
{quote} You guess how many pips it will down?

look at Eur/cad as well for shorting.
6x on that one
In trading, you have to be defensive and aggressive at the same time
  • #344,306
  • Jul 25, 2013 11:07pm Jul 25, 2013 11:07pm
Quoting Davit
{quote} look at Eur/cad as well for shorting. 6x on that one
I meant gbp/usd
  • #344,307
  • Jul 25, 2013 11:10pm Jul 25, 2013 11:10pm
Quoting Davit
I guess I'll be one of few Bears here 3 shorts 5360 5385 54
[highlight=rgba(255, 255, 255, 0)]i suggest you to change position [/highlight][highlight=rgba(255, 255, 255, 0)]quickly [/highlight]
God, i love, how i'm trade!!!
  • #344,308
  • Jul 25, 2013 11:13pm Jul 25, 2013 11:13pm
Quoting FxBreath
{quote} i suggest you to change position quickly

I have not seen any reasons for it.So far Frankfort is dead.Remember absence of force pushing up the price,price gravitates down.
Besides I don't change my trades without fundamentally PA telling me.Its trade psychology

If you are nervous in general about your trades then you are over-trading.
In trading, you have to be defensive and aggressive at the same time
  • #344,309
  • Jul 25, 2013 11:24pm Jul 25, 2013 11:24pm
Quoting Davit
{quote} I have not seen any reasons for it.So far Frankfort is dead.Remember absence of force pushing up the price,price gravitates down. Besides I don't change my trades without fundamentally PA telling me.Its trade psychology If you are nervous in general about your trades then you are over-trading.
[highlight=rgba(255, 255, 255, 0)]lets see later on what will happen, anyway, good luck I'm +250 pips[/highlight]
God, i love, how i'm trade!!!
  • #344,310
  • Jul 25, 2013 11:28pm Jul 25, 2013 11:28pm
Quoting FxBreath
{quote} lets see later on what will happen, anyway, good luck I'm +250 pips
Then you should not be nervous in general. +380pips last 48hrs shorted heavy on EN. I am up over 20% this month so I am relaxed.
In trading, you have to be defensive and aggressive at the same time
  • #344,311
  • Jul 25, 2013 11:30pm Jul 25, 2013 11:30pm
Here's something many may not consider or even be aware of...

But choosing to trade smaller for a greater peace of mind is extremely beneficial, not only for health but also for profits in the long run.
  • #344,312
  • Jul 26, 2013 12:03am Jul 26, 2013 12:03am
[highlight=rgba(255, 255, 255, 0)]Bullish continuation vs. expanded consolidation: If we look at the price action over the past few days as a range between1.5391 and 1.5262, the 1.5325 support pivot is the central pivot. So, if the market has turned bullish, a subsequent throwback should probably stay above this level. In the bullish continuation scenario, the next 2 resistance pivots are 1.5476 and 1.5527.[/highlight]
God, i love, how i'm trade!!!
  • #344,313
  • Jul 26, 2013 12:57am Jul 26, 2013 12:57am
Master bullish engulf on daily yesterday - ie engulfed last 2 candle bodies on that t/f...candle though has long wicks on either end. 5434 yesterday's hi -testing now the previous 1hr/4hr swing hi zones from tues weds and thurs of this week and topside of previous 4hr descending t/line that was breeched to upside in the move up top that hi. 1hr/4hr remain in general uptrends..daily will see a HH printed when it goes fractal and depending on today's daily close another 2nd fractal HL ?

G/L
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ex member
  • #344,314
  • Edited 1:59am Jul 26, 2013 1:04am | Edited 1:59am
Not going to see eu or gu directly but other usd pairs to see usd strength ,can be more weak before next step of gather good strength & again if fail then more weakness likely . may not come up this week/month then . anyway , bias short in hand still with care .
fontu

gu ,eu carryout as before for more down for the final limit target & break gu 5221 for 5030 targets,eu 3166 &2993 breaks for the low play , ok some more crazy up if , that is mini crash possible today even very soon , added more gu pictures .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,315
  • Jul 26, 2013 1:11am Jul 26, 2013 1:11am
loads of swing lo's on 1hr and 4hr and daily to draw fibs up to that current 5434 hi from the 4811 swing lo but most noticeable swings are 4811, 5026, and yesterday's lo 5261 ?

G/L
ex member
  • #344,316
  • Jul 26, 2013 2:08am Jul 26, 2013 2:08am
double bottom now on 1hr at that previous 4hr/daily swing hi zone that was breeched to upside yesterday (ie tues, weds hi's)....clearly some supply leading to yesterday's spike hi and offers at 5410 area ahead of the 5434 hi were well touted...

How strong are the bulls now ?

G/L
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ex member
  • #344,317
  • Jul 26, 2013 2:17am Jul 26, 2013 2:17am
Quoting bbmac
double bottom now on 1hr at that previous 4hr/daily swing hi zone that was breeched to upside yesterday (ie tues, weds hi's)....clearly some supply leading to yesterday's spike hi and offers at 5410 area ahead of the 5434 hi were well touted... How strong are the bulls now ? G/L {image}
Quite large wicks though and a lower high on the second big wick. Price is also closing below 1.54 on the hourly candles
  • #344,318
  • Jul 26, 2013 2:22am Jul 26, 2013 2:22am
Morning all,

Looks bullish on higher TF's but the recent spike on m5 trapped a lot of bulls (concenred at seeing that swift move down again straight after spike up), who want to get out on each rally, evident seen each time price tries to move up, lots of tails on top of the m5 bars. We'll see.

:0)
  • #344,319
  • Jul 26, 2013 2:36am Jul 26, 2013 2:36am
Quoting bbmac
double bottom now on 1hr at that previous 4hr/daily swing hi ziouone that was breeched to upside yesterday (ie tues, weds hi's)....clearly some supply leading to yesterday's spike hi and offers at 5410 area ahead of the 5434 hi were well touted... How strong are the bulls now ? G/L {image}



it might be a False Break on Upside because your 1 hour chart Looks bearish to me one big hammer showed false break and then price close below the previous day high please Consider it
Trading by EA
  • #344,320
  • Jul 26, 2013 2:54am Jul 26, 2013 2:54am
USindex..
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when GOD brings you a challenge he also gives you the power to deal with it
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