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Cable Update (GBPUSD)

  • #369,281
  • Mar 25, 2014 10:38am Mar 25, 2014 10:38am
Howzit GU

4H Reversal Candle pattern?

Attached Image (click to enlarge)
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  • #369,282
  • Mar 25, 2014 11:12am Mar 25, 2014 11:12am
Quoting JimmyC
Howzit GU 4H Reversal Candle pattern? {image}
i might be blind but dont you see a frying pan bottom btw the 9th and 18th as well and i think it went down after too risky to be in a position before seeing the Asian and the London markets i guess
  • #369,283
  • Mar 25, 2014 11:57am Mar 25, 2014 11:57am
Quoting Kmb Finance
{quote} i might be blind but dont you see a frying pan bottom btw the 9th and 18th as well and i think it went down after too risky to be in a position before seeing the Asian and the London markets i guess
I think you're right... The daily looks a bit like a "last kiss goodbye"
never know
  • #369,284
  • Mar 25, 2014 11:57am Mar 25, 2014 11:57am
-- Deleted --
  • #369,285
  • Mar 25, 2014 11:59am Mar 25, 2014 11:59am
thank you george soros...!

pound hit your target )
  • #369,286
  • Mar 25, 2014 12:28pm Mar 25, 2014 12:28pm
Quoting Praga
I so want to short the GBPUSD, but it is not yet the right moment.
Gidday

Me to

Thought it was headed to 1.64
  • #369,287
  • Mar 25, 2014 1:14pm Mar 25, 2014 1:14pm
Quoting eliteincome
{quote} Gidday Me to Thought it was headed to 1.64
not yet ?? that could be a good short 6545 4 hour still short trend till 6635 i think , i am still going to hold short for awhile,
  • #369,288
  • Mar 25, 2014 1:16pm Mar 25, 2014 1:16pm
Attached Image (click to enlarge)
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need to see if Asia can turn the white candle red ???
  • #369,289
  • Mar 25, 2014 1:21pm Mar 25, 2014 1:21pm
to me its going right near your stop ,

Quoting elbert3
{image} need to see if Asia can turn the white candle red ???
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #369,290
  • Mar 25, 2014 2:19pm Mar 25, 2014 2:19pm
Quoting Bones
to me its going right near your stop , {quote}
hi bones i have been out all day and did not expect it to go this high,
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will the em hold it
  • #369,291
  • Mar 25, 2014 5:39pm Mar 25, 2014 5:39pm
Isn't cable very bullish? On daily charts?
kiss the trend
  • #369,292
  • Mar 25, 2014 8:58pm Mar 25, 2014 8:58pm
Quoting giveachance
I am long gbp now. for me gbp/aud can easily go 100 pips higher from here
out of this trade. misread the aussie. will look at this pair later. currently short gbp. 1.6560 is holding.
  • #369,293
  • Mar 25, 2014 8:59pm Mar 25, 2014 8:59pm
Quoting fx-trader777
Isn't cable very bullish? On daily charts?
on the daily is mixed. on H4 its still bearish. yesterday spike could not all up to gains.
  • #369,294
  • Mar 25, 2014 10:42pm Mar 25, 2014 10:42pm
165 350 took the sell yesterday evening so lets see if we can get to 164 300 over next few days.. think there are still bears in the air .. good trading to all .. on holidays too ;-) so long trade till friday
  • #369,295
  • Mar 25, 2014 11:21pm Mar 25, 2014 11:21pm
Quoting DerekTrotter
165 350 took the sell yesterday evening so lets see if we can get to 164 300 over next few days.. think there are still bears in the air .. good trading to all .. on holidays too ;-) so long trade till friday
your up early. good morning, i came home last night in the red still short,
  • #369,296
  • Mar 25, 2014 11:25pm Mar 25, 2014 11:25pm
Quoting godim
{quote} There is a price level of 6525. I say "loss of resistance". If this is true, with high probability we can expect 6526 to the end of the day. {image} This is the last for today.
At the end of the day level was 6528. Open 6529. This means support. Price should not fall below 6526. But now there is a "loss of support." I continue with the H4 chart.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,297
  • Mar 26, 2014 12:24am Mar 26, 2014 12:24am
Quoting godim
What is the probability of trend reversal? A trend is down 310 pips in 10 days. Probability of reversal is 77.7% I use the table in the article MurreyMath. http://tradinglib.com/indicators/murrey-math {image} {image}
Yesterday's peak has led to UpSwing. This is a reversal of what I wrote. Then I can build a new bullish fan from the bottom 6464.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,298
  • Mar 26, 2014 12:44am Mar 26, 2014 12:44am
Just a thought...
Attached Image
  • #369,299
  • Mar 26, 2014 1:01am Mar 26, 2014 1:01am
Quoting Aboutera
Just a thought... {image}
This is possible. But I calculate the probability continuation of DownTrend below 50%. At this moment.

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Attached Image
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,300
  • Mar 26, 2014 1:02am Mar 26, 2014 1:02am
Quoting elbert3
{quote} your up early. good morning, i came home last night in the red still short,
day off by the ocean.. let it run and catch u later hombre.. need some time out for family reasons.. finding cable very tricky these days, but lets see good day now and happy trading.. ;-)
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