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Cable Update (GBPUSD)

  • #355,301
  • Dec 5, 2013 3:24am Dec 5, 2013 3:24am
long 6350
  • #355,302
  • Dec 5, 2013 3:28am Dec 5, 2013 3:28am
I dont know scalp maybe 1.6337 trending line for me a break below that is short again
  • #355,303
  • Dec 5, 2013 3:34am Dec 5, 2013 3:34am
Quoting julia2011
long 6350
sold in profit from facing 3,000 down at my stop 1.6410 in long till 1.63677 then wait to see if short is possible not staying long as i think only resting
  • #355,304
  • Dec 5, 2013 3:44am Dec 5, 2013 3:44am
Quoting julia2011
long 6350
I am out again in profit for a few pounds but i dont know no positions open time for tea and a long look at the news good luck long
  • #355,305
  • Dec 5, 2013 4:04am Dec 5, 2013 4:04am
bumpy ride this.. until clear invalidation/breakout of support..
  • #355,306
  • Dec 5, 2013 4:16am Dec 5, 2013 4:16am
GU H4 GMT+3

I have added more long, cheaper price above invalidation zone.
Recent candle close probably shows the truth

Whats about yearly chart???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 86 KB
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Click to Enlarge Name: gbpusd_x12monthly.png Size: 31 KB
Anything is math!
  • #355,307
  • Dec 5, 2013 4:24am Dec 5, 2013 4:24am
Quoting Kajos2250
GU H4 GMT+3 I have added more long, cheaper price above invalidation zone. Recent candle close probably shows the truth Whats about yearly chart??? {image} {image} {image}
yearly chart eh.. i don't think you wanna trade that long, mate.. another thing is, careful of the formation of hanging man from your chart.
  • #355,308
  • Dec 5, 2013 4:51am Dec 5, 2013 4:51am
a possible view on cable
Attached Image (click to enlarge)
Click to Enlarge Name: YkUmKygC.png Size: 68 KB
I don't want a job, i want money!
  • #355,309
  • Dec 5, 2013 4:57am Dec 5, 2013 4:57am
Quoting A-speculator
{quote} yearly chart eh.. i don't think you wanna trade that long, mate.. another thing is, careful of the formation of hanging man from your chart.
Obvious i can't trade that long!
I like open much trades on a day
I just guess this yearly open price could be broken deeper (~2-300 pip) and then close somewhere here but only 3 weeks left
If this month could close above ~6600 major resistance it would open way above 1.7...
If not likely we are before a huge fall to ~53....
If close above ~66, next year i open an other account, take a long and hold until 1.97 if it takes for 2-3 years its sure!!! But it could be i will share the account and take a long on GJ too.....

Sorry for my poor english
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 86 KB
Anything is math!
  • #355,310
  • Dec 5, 2013 5:16am Dec 5, 2013 5:16am
Good day,

Been busy for a few days. Internet upgrades in my region - so on and off. Also busy working on some indicators.

Find it fascinating that one could possibly find high probability areas of reversing PA. I'm still chipping away - trying to improve. At this point, dips only.But potential there. Still testing to see if a short term plan can be established. 5min charts..

All the best
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 62 KB
Click to Enlarge Name: gbpusdm5.png Size: 71 KB
  • #355,311
  • Dec 5, 2013 5:28am Dec 5, 2013 5:28am
osborne gave me a chance to short
  • #355,312
  • Dec 5, 2013 5:31am Dec 5, 2013 5:31am
I have mini time frame too
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm5.png Size: 49 KB
Anything is math!
  • #355,313
  • Dec 5, 2013 5:38am Dec 5, 2013 5:38am
Quoting TauTrader
Good day, Been busy for a few days. Internet upgrades in my region - so on and off. Also busy working on some indicators. Find it fascinating that one could possibly find high probability areas of reversing PA. I'm still chipping away - trying to improve. At this point, dips only.But potential there. Still testing to see if a short term plan can be established. 5min charts.. All the best {image} {image}
refreshing to see. Nail this and you have the grail m8.
  • #355,314
  • Dec 5, 2013 5:41am Dec 5, 2013 5:41am
all of you guys are longing , don't afraid of long spike to at least 6275
  • #355,315
  • Dec 5, 2013 5:45am Dec 5, 2013 5:45am
Quoting Zr-fx
Hi guys. Long time lurker here. I am thinking about a theory. A while ago one the guys (sorry I don't remember who, may have been Piptrapper) kindly pointed to Oanda's Open Position Ratios (http://fxtrade.oanda.co.uk/analysis/...osition-ratios) to show percentage of long vs short positions at the moment. Digging around I found a tool that shows historical positions for each pair for up to a year. This is for the GU: {image} http://fxtrade.oanda.co.uk/analysis/...ical-positions This shows a fairly faithful inverse correlation...
Nice graph. I would say reflects exactly what is going on. There are always two sides to a trade. Movement of price is what creates profits and losses. Guess what those who are "in charge" of making a market are doing?... They will ALWAYS be on the opposite side of the retail investor. This is what augments their profits. You think those talking heads on CNBC, Bloomberg and all the other MONEY / FINANCE programs as well as WallStreet Journal etc... aren't in on this game? Like shooting fish in a barrel. Will always be. We just need to know how to zig and zag, bob and dodge. Stick and move.
  • #355,316
  • Dec 5, 2013 5:46am Dec 5, 2013 5:46am
Quoting julia2011
all of you guys are longing , don't afraid of long spike to at least 6275
Hi Julia Pinky
  • #355,317
  • Dec 5, 2013 5:49am Dec 5, 2013 5:49am
Quoting DailyChart
{quote} Hi Julia Pinky
whatsapp
  • #355,318
  • Dec 5, 2013 5:53am Dec 5, 2013 5:53am
England won't cut rate , so are we gonna looooooooooooong from here
  • #355,319
  • Dec 5, 2013 5:59am Dec 5, 2013 5:59am
Quoting Kajos2250
{quote} Obvious i can't trade that long! I like open much trades on a day I just guess this yearly open price could be broken deeper (~2-300 pip) and then close somewhere here but only 3 weeks left If this month could close above ~6600 major resistance it would open way above 1.7... If not likely we are before a huge fall to ~53.... If close above ~66, next year i open an other account, take a long and hold until 1.97 if it takes for 2-3 years its sure!!! But it could be i will share the account and take a long on GJ too..... Sorry for...
GJ is another story.. if i'm trading GJ, I would like to open long at just above the hammer from your chart.. seems there still no breakout retest yet and i think somehow it will retest it's breakout price, just a matter of time..
  • #355,320
  • Dec 5, 2013 6:05am Dec 5, 2013 6:05am
AUD/USD H4 CHART

We may see a sudden drop to the 0.88xx if it breaks 0.8995 today.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 37 KB
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