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Cable Update (GBPUSD)

  • #355,401
  • Dec 5, 2013 9:25am Dec 5, 2013 9:25am
Quoting A-speculator
{quote} yeah, judging by trend 4h from the high of Dec 2nd, price keep on making lower high and lower low.. doesn't seems uptrend that way. i can't make myself to click the buy button...
wait there is always a trade the 4 hour is trying to break my trend line and the 55 ema andd the 200 ema on the 1 hr if the 3 go it will all be at the same time i might gg big 285 dont follow thou in case i am wrong remmber the disclaimer lol
  • #355,402
  • Dec 5, 2013 9:29am Dec 5, 2013 9:29am
Quoting elbert3
{quote} wait there is always a trade the 4 hour is trying to break my trend line and the 55 ema andd the 200 ema on the 1 hr if the 3 go it will all be at the same time i might gg big 285 dont follow thou in case i am wrong remmber the disclaimer lol
lol. i think 6320 will be the potential retest price area once the price able to close below it.
  • #355,403
  • Dec 5, 2013 9:32am Dec 5, 2013 9:32am
Quoting A-speculator
{quote} seems like it's more to chasing the low.. i'll wait for clearer view, atm pattern seems showing downside.. i'll find an entry later.. no matter how i see it, in momentum like this it's seems hard for the price to be bullish.. maybe she want to retest 6240 first before any move up.
Sir,

You obviously studied candle patterns off late. Every post make mention of these. Have you discarded your previous system? How do you trade candles - as all platforms will differ. Apart from 1hr candles. A specific candle to one, may look different to the next. I'm just wondering..

All the best

Regards
  • #355,404
  • Dec 5, 2013 9:35am Dec 5, 2013 9:35am
Quoting A-speculator
{quote} imho, i can't agree with that from short term view point. in my opinion, aussie will retest somewhere around 9275 area before the drop.. well, 9000 area is quite a support and i think it will take more than 1 push to break it.
I agree aud will retest around .9246 - .9277 but when it breaks .9000 it'll crash through taking stops, meeting heavy resistance from traders believing .9000 will hold. Then just to make it worse slight retrace up and then pump down again. Might see .8800 by end of December RBA will be happy. It's gonna be wild!
  • #355,405
  • Dec 5, 2013 9:36am Dec 5, 2013 9:36am
Quoting TauTrader
{quote} Sir, You obviously studied candle patterns off late. Every post make mention of these. Have you discarded your previous system? How do you trade candles - as all platforms will differ. Apart from 1hr candles. A specific candle to one, may look different to the next. I'm just wondering.. All the best Regards
the primary method is always the candlestick/the basic technical analysis based on candlesticks. i've used other method as well as part of my trading system such as the Gann Theory. no matter how the candles were printed by any brokers, it will always tells the same story, the pattern might be slightly different (due to different closing time of the candle - some might have engulfing pattern, other might have doji) but they will always tell us the same story.
  • #355,406
  • Dec 5, 2013 9:37am Dec 5, 2013 9:37am
Quoting e30life
{quote} I agree aud will retest around .9246 - .9277 but when it breaks .9000 it'll crash through taking stops, meeting heavy resistance from traders believing .9000 will hold. Then just to make it worse slight retrace up and then pump down again. Might see .8800 by end of December RBA will be happy. It's gonna be wild!
yeah, maybe by the end of December. when the time comes, the candles will show.. i see aussie will get to 0.8 but it is long shot and gold might get just below $1000, my estimation is around $900
  • #355,407
  • Dec 5, 2013 9:39am Dec 5, 2013 9:39am
Quoting A-speculator
{quote} lol. i think 6320 will be the potential retest price area once the price able to close below it.
dont like the look of it ,it did the same thinh yesterday at 1.6375 then when i was ready it went long watchout lol
  • #355,408
  • Dec 5, 2013 9:41am Dec 5, 2013 9:41am
Quoting elbert3
{quote} dont like the look of it ,it did the same thinh yesterday at 1.6375 then when i was ready it went long watchout lol
not now mate, maybe during asian market later.. atm let's just doing nothing.. lol.
  • #355,409
  • Dec 5, 2013 9:44am Dec 5, 2013 9:44am
Quoting A-speculator
{quote} not now mate, maybe during asian market later.. atm let's just doing nothing.. lol.
if price able to close above 6320, there's possibility of retest of the high without violate the downtrend pattern about 6350..
  • #355,410
  • Dec 5, 2013 9:57am Dec 5, 2013 9:57am
Quoting A-speculator
{quote} if price able to close above 6320, there's possibility of retest of the high without violate the downtrend pattern about 6350..
long at 63425 me thinks for 10 pip then see were after that or just leave it
  • #355,411
  • Dec 5, 2013 10:01am Dec 5, 2013 10:01am
Quoting elbert3
{quote} long at 63425 me thinks for 10 pip then see were after that or just leave it
long for 10 pips? not a good idea i think.. not worth it.. try trading other pairs if you're still insist on trading.. aussie might have good shot for long, imho. just select your price wisely, i'm already long at 9025 and kiwi at 8175, kiwi pattern doesn't seems bullish atm compared to aussie 1h.. meaning smaller lots on kiwi than aussie to balance the risk.
  • #355,412
  • Dec 5, 2013 10:15am Dec 5, 2013 10:15am
Quoting A-speculator
{quote} long for 10 pips? not a good idea i think.. not worth it.. try trading other pairs if you're still insist on trading.. aussie might have good shot for long, imho. just select your price wisely, i'm already long at 9025 and kiwi at 8175, kiwi pattern doesn't seems bullish atm compared to aussie 1h.. meaning smaller lots on kiwi than aussie to balance the risk.
did not go for it thank god iam of to pick the wfe up so no trades got a short 2985 hope to go to 6250 good luck thanks for the chat
  • #355,413
  • Dec 5, 2013 10:20am Dec 5, 2013 10:20am
Quoting elbert3
{quote} did not go for it thank god iam of to pick the wfe up so no trades got a short 2985 hope to go to 6250 good luck thanks for the chat
i think it will get to your price, just be aware of any change in the pattern, atm yes, i see more down.. but it's a bumpy one i can assure you that. we are almost approaching the first support from the last daily resistance.. 6275 area..
  • #355,414
  • Dec 5, 2013 10:34am Dec 5, 2013 10:34am
Quoting TauTrader
do not be surprised to see NFP chasing 1.6450 Regards

I would be very surprised to see that.

So far this week, the news has all been positive for the USD. And each time we get positive news, the GDP/USD goes down. I expect to see more positive news tomorrow, which leads traders to think "Taper!" and that leads to a stronger USD.
  • #355,415
  • Dec 5, 2013 10:39am Dec 5, 2013 10:39am
Quoting Baggi
{quote} I would be very surprised to see that. So far this week, the news has all been positive for the USD. And each time we get positive news, the GDP/USD goes down. I expect to see more positive news tomorrow, which leads traders to think "Taper!" and that leads to a stronger USD.
sir, B

And that is exactly why..

Retailers still heavy short..

Regards
Attached Image
  • #355,416
  • Dec 5, 2013 10:41am Dec 5, 2013 10:41am
Quoting TauTrader
{quote} sir, B And that is exactly why.. Retailers still heavy short.. Regards {image}

Well, I'm long still, so I'd like for you to be right.

However, I am expecting us to go down before we go back up, and I'll be buying a little more on the way down. My next buy will be around 6275 area.
  • #355,417
  • Dec 5, 2013 10:47am Dec 5, 2013 10:47am
Quoting Baggi
{quote} Well, I'm long still, so I'd like for you to be right. However, I am expecting us to go down before we go back up, and I'll be buying a little more on the way down. My next buy will be around 6275 area.
Sir,

Not trying to influence your view. Not At all. Just posting what I see as a possible outcome. I'm often wrong.

Trade well

Regards
  • #355,418
  • Dec 5, 2013 10:53am Dec 5, 2013 10:53am
Quoting TauTrader
{quote} Sir, Not trying to influence your view. Not At all. Just posting what I see as a possible outcome. I'm often wrong. Trade well Regards
good day,

Close here and will long on another dip.

Regards
Attached Image (click to enlarge)
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  • #355,419
  • Dec 5, 2013 11:14am Dec 5, 2013 11:14am
Quoting Nate04
{quote} Hmmm, I don't know about everyone else, but I'm currently up about 300 big ole piporoeno's. Although I'm starting to get the feeling that I'll be closing soon. Feels like we are entering the accumalation stage for the big boys. Who knows though. My requirements for an exit haven't been met quite yet. {image}
Well, I just exited my trade. I feel there is probably more upside available, but I don't deal with how I feel, I deal with what I see, and what I see brought about my exit conditions. So, trade over, netting me 213 pips. Now I patiently wait for the next one.
  • #355,420
  • Dec 5, 2013 11:20am Dec 5, 2013 11:20am
Dear all,

I am see sell signals "Slowly" develop


Thanks
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