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Cable Update (GBPUSD)

  • #350,941
  • Oct 28, 2013 8:07pm Oct 28, 2013 8:07pm
Quoting mamalujo
{quote} yep, while europe is sleeping, some big shit is happening to gbpusd
Big move on a thin market, I still don't know why is happening.
  • #350,942
  • Oct 28, 2013 8:10pm Oct 28, 2013 8:10pm
Quoting PipTrapper
{quote} Taking partial profits is not a sin. A sin would be giving it all back to the market because the trend reversed. Just sayin' A bird in the hand is worth two in the bush.
Agreed Bro.

i am also happy with it. just hit tp on 6085. gbpcad and audusd closed manualy.

its a pleasing night when you just wokeup at see your tp is hit. sleeping again as its 6am here.

Stay green fellas
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  • #350,943
  • Oct 28, 2013 8:13pm Oct 28, 2013 8:13pm
Quoting KillerWhale
good shit {image}
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  • #350,944
  • Oct 28, 2013 8:42pm Oct 28, 2013 8:42pm
Ok phaser set to bear, I'm going going to sleep. Good job killer, hope this don't turn around.
Founder of Sutherland Wave Principle
  • #350,945
  • Oct 28, 2013 8:50pm Oct 28, 2013 8:50pm
My daily uptrend line

Attached Image (click to enlarge)
Click to Enlarge Name: Daily uptrend.JPG Size: 96 KB


This is the same line I drew last time that Killerwhale said I moved around to suit my needs.

It hasn't moved since last I posted it.
  • #350,946
  • Oct 28, 2013 8:51pm Oct 28, 2013 8:51pm
Quoting Baggi
Well, I'm happy to announce that I have no idea if we'll go up or down from here. My observations? The dollar is weak and looking weaker. However, we bounced off of the Monthly downtrend. However, from my chart below, you can see we have a daily uptrend and we have gone down far enough to bounce back up off of the daily uptrend. {image} We have about 150 pips to the south to hit that daily uptrend line.

Here is the last time I posted the picture. Same line.
  • #350,947
  • Oct 28, 2013 9:03pm Oct 28, 2013 9:03pm
Quoting Baggi
My daily uptrend line {image} This is the same line I drew last time that Killerwhale said I moved around to suit my needs. It hasn't moved since last I posted it.
You still do
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  • #350,948
  • Oct 28, 2013 9:05pm Oct 28, 2013 9:05pm
Quoting KillerWhale
{quote} You still do

You can see both pictures. The line is the same line.
  • #350,949
  • Oct 28, 2013 9:12pm Oct 28, 2013 9:12pm
Quoting Baggi
{quote} You can see both pictures. The line is the same line.
Here is the real trend line
Attached Image (click to enlarge)
Click to Enlarge Name: 100.png Size: 43 KB
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  • #350,950
  • Oct 28, 2013 9:14pm Oct 28, 2013 9:14pm
Morning Lads,

Just woke up to see the midnight dump. Very disappointing to miss most of that coming out last night after the first drop. I took a gamble she would bounce. Cest La Vie!

Let's hope I can find an entry point.

Best Regards
  • #350,951
  • Oct 28, 2013 9:16pm Oct 28, 2013 9:16pm
Quoting suthmo
Ok phaser set to bear, I'm going going to sleep. Good job killer, hope this don't turn around.
Have you jumped ship? Wasnt you the lad talking about new highs and the mega bull imminent?
  • #350,952
  • Oct 28, 2013 9:24pm Oct 28, 2013 9:24pm
Quoting KillerWhale
{quote} Here is the real trend line {image}

In my experience, when drawing trend lines, you either draw from solid base to solid base, or you draw from wick to wick.

Why do you start with a wick, and then draw through the wick on 08/2?
  • #350,953
  • Oct 28, 2013 9:37pm Oct 28, 2013 9:37pm
Quoting Baggi
{quote} In my experience, when drawing trend lines, you either draw from solid base to solid base, or you draw from wick to wick. Why do you start with a wick, and then draw through the wick on 08/2?
I didn't, but you're right just go heavy long if you want
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  • #350,954
  • Oct 28, 2013 9:38pm Oct 28, 2013 9:38pm
Quoting KillerWhale
{quote} I didn't, but you're right just go heavy long if you want
Someone needs to provide my profit
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  • #350,955
  • Oct 28, 2013 9:58pm Oct 28, 2013 9:58pm
Going down to 5900 area without any huge pullbacks before fomc would make my week... am I asking too much? haha..
  • #350,956
  • Oct 28, 2013 10:15pm Oct 28, 2013 10:15pm
FOMC coming!
I'm gonna close all my positions before FOMC and put buy stop and sell stop and enjoy.
FOMC is a one way train. it can drop to 100-200 pips or shoot up
GL ALL.
Money never sleeps I can hear the dollar calling me
  • #350,957
  • Oct 28, 2013 10:19pm Oct 28, 2013 10:19pm
this pair has lost all the supports. one at 48, then at 25 and last one at 1.6095 also gone. I am staying away from it but short is the obvious trade.
  • #350,958
  • Oct 28, 2013 10:30pm Oct 28, 2013 10:30pm
Quoting KillerWhale
{quote} I didn't, but you're right just go heavy long if you want

I haven't decided what I'm going to do yet. The monthly trendline is down, so is the weekly. Both are a stronger trendline that we bounced off of than the daily up trend.
  • #350,959
  • Oct 28, 2013 10:45pm Oct 28, 2013 10:45pm
Quoting Baggi
{quote} I haven't decided what I'm going to do yet. The monthly trendline is down, so is the weekly. Both are a stronger trendline that we bounced off of than the daily up trend.
Doesn't the break of 1.612x tell you enough? Longs will die!
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  • #350,960
  • Oct 28, 2013 11:42pm Oct 28, 2013 11:42pm
Quoting bikov
{quote} Monthly CCI34 almost 315, it's quite extreme overbought territory. Although cable is my second choice at trading, this extreme high CCI level at GC cannot be ignored. May I ask you what's your TP ? By the way thank's for posting GC chart, otherwise I would never look at this pair.

Hi Bikov
To be honest just delete CCI from your charts or any other indicator which shows OB/OS
There is no statistical edge having that on your charts.
I trade differently.To me GC should be 1.60-1.59 and GU 1.53 and that's my targets.
I am looking at 1.60 as TP but depends if price goes in a range I may take profit and go short again.
Regards
In trading, you have to be defensive and aggressive at the same time
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