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Cable Update (GBPUSD)

  • #348,001
  • Oct 2, 2013 12:31pm Oct 2, 2013 12:31pm
if duble top
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  • #348,002
  • Oct 2, 2013 12:36pm Oct 2, 2013 12:36pm
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  • #348,003
  • Oct 2, 2013 12:52pm Oct 2, 2013 12:52pm
One way to know if price is trending or static ranging is using Spuds Stochastic.
When lines cross like fish net avoid the market and when they line up like a comb trade and when they all come together like a rope then its best time to enter.
You can read more about it here.
Spuds Stochastic Thread Theory
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In trading, you have to be defensive and aggressive at the same time
  • #348,004
  • Oct 2, 2013 1:03pm Oct 2, 2013 1:03pm
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  • #348,005
  • Oct 2, 2013 1:10pm Oct 2, 2013 1:10pm
Quoting Davit
One way to know if price is trending or static ranging is using Spuds Stochastic. When lines cross like fish net avoid the market and when they line up like a comb trade and when they all come together like a rope then its best time to enter. You can read more about it here. Spuds Stochastic Thread Theory {file} {image}
Forex is not that easy. It remembers me the times where traders use to trade MA crosses Maybe someone does that even nowadays
  • #348,006
  • Oct 2, 2013 1:21pm Oct 2, 2013 1:21pm
Quoting 1pipperhour
{quote} Forex is not that easy. It remembers me the times where traders use to trade MA crosses Maybe someone does that even nowadays

I agree.Its just a tool.Much depends on your experience.I find the theory fascinating.
Check out live example.
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In trading, you have to be defensive and aggressive at the same time
  • #348,007
  • Oct 2, 2013 1:48pm Oct 2, 2013 1:48pm
based on weelky chart I see breaking of a solid trendline which make me confused about shorting this cross...

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Get Rich or Die Tryin
  • #348,008
  • Oct 2, 2013 1:52pm Oct 2, 2013 1:52pm
Hi to everyone here, although GU is not my first choice at fx, I noticed here something very interesting: every time at weekly chart when CCI 34 was close to +200 level, soon after that would started to fall 800-1000 pips. CCI now is 225. I think R/R ratio for short position is very attractive. Sorry for interrupting, I"m going back at UJ thread now
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #348,009
  • Oct 2, 2013 2:59pm Oct 2, 2013 2:59pm
Are the bears dead yet?
I have no clue what I'm talking about.
  • #348,010
  • Oct 2, 2013 3:03pm Oct 2, 2013 3:03pm
Quoting Boy Wonder
Are the bears dead yet?
nope, alive and kicking
Don't be a hero. Don't have an ego. Always question yourself
  • #348,011
  • Oct 2, 2013 3:19pm Oct 2, 2013 3:19pm
Quoting USD-Bear
{quote} nope, alive and kicking
Good stuff, means more upside likely
I have no clue what I'm talking about.
  • #348,012
  • Oct 2, 2013 3:28pm Oct 2, 2013 3:28pm
Quoting Boy Wonder
{quote} Good stuff, means more upside likely
thanks for your encouraging remarks always great, there might be, got a trap @ 1.6295, don't mind they fall for it....
Don't be a hero. Don't have an ego. Always question yourself
  • #348,013
  • Oct 2, 2013 3:39pm Oct 2, 2013 3:39pm
Quoting USD-Bear
{quote} thanks for your encouraging remarks always great, there might be, got a trap @ 1.6295, don't mind they fall for it....
Sorry mate, just jousting with you . Seriously though, I reckon there's room for this to go higher still. But no crystal balls here.
I have no clue what I'm talking about.
  • #348,014
  • Oct 2, 2013 3:49pm Oct 2, 2013 3:49pm
Quoting Boy Wonder
{quote} Sorry mate, just jousting with you . Seriously though, I reckon there's room for this to go higher still. But no crystal balls here.
sure mate, there's always room for everything, the name of the game is maximizing your possible Reward and minimizing your possible Risk and I think we are getting pretty close here for bears.
Don't be a hero. Don't have an ego. Always question yourself
  • #348,015
  • Oct 2, 2013 3:54pm Oct 2, 2013 3:54pm
GU bears need to hold this low.
There is another major support a bit lower, but that would prob mean 1.63+ for GU.

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #348,016
  • Oct 2, 2013 4:47pm Oct 2, 2013 4:47pm
Quoting edindzeko
{quote} Yeah and i made the mistake of getting in this one before Draghi opened his mouth sending EUR ripping and GBP tagging along
That will do it.................

It still didn't break highs, it's just a reason for it to come down again.............

PA was going there anyway
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The More You Learn, The More You Earn.....
  • #348,017
  • Oct 2, 2013 4:49pm Oct 2, 2013 4:49pm
Quoting ravenbg
{quote} Did not know bears live in Jungles, but it seems man learns new things everyday!
Ya .the Jungles on Mountain Tops........LOL
The More You Learn, The More You Earn.....
  • #348,018
  • Oct 2, 2013 4:52pm Oct 2, 2013 4:52pm
Quoting Davit
{quote} There is a clear exhaustion signs now.Price is not pushed up by MM and it looks like they are gearing up downtrend once Washington gets its budget in order. I am certain we will reach 1.55 and that is my TP At what point downtrend can be classified as downtrend.To me 1.60 200MA weekly draws the border.Under 1.60 is clear downtrend. {image}
1.5750 will be a tough sell to go below that, although I like your TP.................
The More You Learn, The More You Earn.....
  • #348,019
  • Oct 2, 2013 4:58pm Oct 2, 2013 4:58pm
Quoting forexalien
{quote} 1.5750 will be a tough sell to go below that, although I like your TP.................
This may mean nothing , but this expanding wedge would make your 1.5500 work................
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The More You Learn, The More You Earn.....
  • #348,020
  • Oct 2, 2013 5:01pm Oct 2, 2013 5:01pm
Quoting Davit
One way to know if price is trending or static ranging is using Spuds Stochastic. When lines cross like fish net avoid the market and when they line up like a comb trade and when they all come together like a rope then its best time to enter. You can read more about it here. Spuds Stochastic Thread Theory {file} {image}
Very Kool...........I made something like that once, but not quite, and noticed when they where all tight together, then it was a good trend..............

Thanks.........
The More You Learn, The More You Earn.....
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