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Cable Update (GBPUSD)

  • #350,041
  • Oct 23, 2013 7:57am Oct 23, 2013 7:57am
The upside pullback from 6136 found resistance at the underside of the breeched 4hr ascending t/line and another leg down resulted to the 38.2% of 5893-6256 in a previous 1hr/minor 4hr swing lo zone...a bounce to the upside from here has resulted...the bulls not done yet ? Friday's Uk Q3 Gdp prelim will be the one ?

G/L
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ex member
  • #350,042
  • Oct 23, 2013 7:58am Oct 23, 2013 7:58am
Quoting negrada
{quote} I think she will spend the rest of her day not knowing exactly where to go. Scalpers' paradise.
I already gave the INFO in Previous post
Always looking the GREAT, never left GOOD Point...
  • #350,043
  • Oct 23, 2013 8:00am Oct 23, 2013 8:00am
Quoting 2012fx
{quote} maybe after medm news we can see a direction
It's COMPLICATED !

Technical Analysis and Fundamental... ALL in ONE
Always looking the GREAT, never left GOOD Point...
  • #350,044
  • Oct 23, 2013 8:02am Oct 23, 2013 8:02am
Quoting Cowboy11
All the major currencies are about the same in the bad shape, so, fx market has become a super CASINO. Prediction of direction become weaker and weaker.
Currencies just don't fly up and down all the time. That would be your Super Casino Theory............

Currencies move because of Countries, Large banks and Large businesses, and their needs and requirements for spending ( and a few more but I am not making the list here ).

Like cable here has reached a level, and will stay here for a while. Ranging is all the small fish trying to make it move, scalping from one another......IMO
The More You Learn, The More You Earn.....
  • #350,045
  • Oct 23, 2013 8:05am Oct 23, 2013 8:05am
Quoting TauTrader
Good day to you, Short term - we are still weighted long. I am waiting to see if a short term long scalp signal can be generated. For some additional cash. My shorts taken yesterday still active. All the best {image}
I've got another MA's Version too

Let's We played with them
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Always looking the GREAT, never left GOOD Point...
  • #350,046
  • Oct 23, 2013 8:12am Oct 23, 2013 8:12am
Quoting TauTrader
Good day to you, Short term - we are still weighted long. I am waiting to see if a short term long scalp signal can be generated. For some additional cash. My shorts taken yesterday still active. All the best {image}
Decided to close the 3 top shorts again.

May dread this going forward - but I believe EU still has to visit 1.3840-1.3844 before my focus changes there towards 1.2914 ( long term).

Longed a counter ( small) @ 1.6154

Will see

Regards
  • #350,047
  • Oct 23, 2013 8:12am Oct 23, 2013 8:12am
Quoting KillerWhale
I have no idea what fucked GU off, nothing on the calender, but fact is I'm 84 pips in profit!
Mutiple TF's peaked and that is when it drops like a rock.................
The More You Learn, The More You Earn.....
  • #350,048
  • Oct 23, 2013 8:15am Oct 23, 2013 8:15am
Quoting polbanda
{quote} Life sucks
Life only Sucks if YOU make it Suck..............So stop doing that to yourself..................IMO
The More You Learn, The More You Earn.....
  • #350,049
  • Oct 23, 2013 8:18am Oct 23, 2013 8:18am
.
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The More You Learn, The More You Earn.....
  • #350,050
  • Oct 23, 2013 8:23am Oct 23, 2013 8:23am
Quoting Mr.C
Hey guys. Hope you're doing well. Sold GBP/USD @ 1,6220 minutes ago. Wish all a nice and profitable day!
Good morning guys. Yesterday's GBP/USD short looks more than healthy and is now floating with +60 pips.
Quoting Mr.C
{quote} {quote} Quite a few possible TPs down there. But if we're gonna start moving south I can see a TL that has a starting point on the 9th of July, 2013 (@ 1,4807) so the first road block could become the third price approach onto the trend line. Will adjust TP points in near future and according to the given situation if everything goes as planned.
Sticking to my initial TPs that I posted yesterday. TL seen on my chart - as a first road block. I might also move my SL to +1 later today.
Quoting Mr.C
{quote} Added one more cable short @ 1,6241. Might close the previous order when at least b/e will be reached. Both 1% risk positions. SLs on both orders @ 1,6270.
Quoting Mr.C
{quote} Second GU short from 1,6241 closed at +1. Done for today. Take care and trade safe guys!
I always admire the timing importance while in the markets. I had one more short yesterday aiming to swap both trades in order to get a better price and at the end - a better risk/reward ratio. The plan was good, everything has been done (both orders placed)..BUT! I simply went to bed too early. As there were no signs confirming the south move yet - decided not to play 'cowboys' and reduced the risk closing one order. As we can see - sometimes staying late is 'healthy', LOL.

As always - wish all a wonderful day - not only while trading!
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #350,051
  • Oct 23, 2013 8:24am Oct 23, 2013 8:24am
I'm thinking that the bears probably shouldn't start partying just yet - well at least till Friday's Uk data is out the way...then it might be woo we're going to Ibiza ...or.... hasta la vista baby - depending on that release...

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ex member
  • #350,052
  • Oct 23, 2013 8:27am Oct 23, 2013 8:27am
meanwhile 4hr looks like this:

G/L
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ex member
  • #350,053
  • Oct 23, 2013 8:29am Oct 23, 2013 8:29am
pointing out this obvious potential H&S... orders are in
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Don't have an ego. Always question yourself and your ability.
  • #350,054
  • Oct 23, 2013 8:33am Oct 23, 2013 8:33am
Quoting Tsar
{quote} She started Upward again. If can Broke Price 1.6162 TREND will Changes again
Found HAMMER Candle in H4 Chart
And Piercing Line Candle Signal in Daily Chart

It's mean...
Always looking the GREAT, never left GOOD Point...
  • #350,055
  • Oct 23, 2013 8:33am Oct 23, 2013 8:33am
During the european sesion GBPUSD didn’t break through 1.6114 , if it tries again we will be looking for a long position at this level. On the other hand short at 1.6180-1.6185 level and if price breaks through it will be looking to take a long trade on the retracement to that level.
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Price Action + KISS + PIE = Forex-Entourage
  • #350,056
  • Oct 23, 2013 8:39am Oct 23, 2013 8:39am
Guys - range is full and exceeded for today @ 130% so I don't really think GU has got enough space to travel further south today. Narrow pullbacks up - agree. Big north moves - possible but at the moment I trust bears more. New weekly low breaking below the 1.6114 would confirm the down move. Waiting for it tomorrow having new ranges loaded.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #350,057
  • Oct 23, 2013 8:41am Oct 23, 2013 8:41am
Quoting bbmac
I'm thinking that the bears probably shouldn't start partying just yet - well at least till Friday's Uk data is out the way...then it might be woo we're going to Ibiza ...or.... hasta la vista baby - depending on that release... http://www.youtube.com/watch?v=MXXRHpVed3M or {image}
It's really Good Message
Always looking the GREAT, never left GOOD Point...
  • #350,058
  • Oct 23, 2013 8:43am Oct 23, 2013 8:43am
Quoting RamsesII
pointing out this obvious potential H&S... orders are in {image}
See if it can hold it, took a couple flyers see if tl ca hold it.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #350,059
  • Oct 23, 2013 8:48am Oct 23, 2013 8:48am
Quoting RamsesII
pointing out this obvious potential H&S... orders are in {image}

Hey RamseesII. How much do you trust the obvious setups? Obvious = trap, no?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #350,060
  • Oct 23, 2013 8:53am Oct 23, 2013 8:53am
Quoting Mr.C
{quote} Hey RamseesII. How much do you trust the obvious setups? Obvious = trap, no?
if you dont take the obvious ones when they show up, then you're fighting a losing battle
Don't have an ego. Always question yourself and your ability.
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