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Cable Update (GBPUSD)

  • #379,721
  • May 29, 2014 3:47am May 29, 2014 3:47am
Quoting PoundTrader
{quote}no no no, come down, i don't think shit, i was saying thats the way i trade if i enter a trade im looking for 100 pips or more, to keep it real i stop trading this pair a long time ago, my main pair i trade is gbp/nzd and eur/nzd two 2 pairs moves about 150 to 300 pips a day
My bad.

Cross pair? Nasty shit man. I have absolutely no idea about them except the majors
Read the entire market, money is made on the main trend not the fluctuation
  • #379,722
  • May 29, 2014 3:48am May 29, 2014 3:48am
Quoting Davit
{quote} I think when PA is traveled considerable distance then risk is greater for reaction,correction hence shorting at this junction is riskier. Better tactic is wait to go long once you see sign of Bear exhaustion at key fib levels (see my chart). Regards
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45 Where GM said touch the 10 and try short from there , i think all on the 4 hour candle ?? it will be a pump dump situation
  • #379,723
  • May 29, 2014 3:50am May 29, 2014 3:50am
Quoting elbert3
{quote} {image} 45 Where GM said touch the 10 and try short from there , i think all on the 4 hour candle ?? it will be a pump dump situation
lets see order on 45 ,,tea time i will leave it with you all
  • #379,724
  • May 29, 2014 3:50am May 29, 2014 3:50am
Quoting elbert3
{quote} {image} 45 Where GM said touch the 10 and try short from there , i think all on the 4 hour candle ?? it will be a pump dump situation
Ghost Rider - WWTBMD?
  • #379,725
  • May 29, 2014 3:51am May 29, 2014 3:51am
Quoting GlobalMacro
{quote}That being said I agree 100 % longs are very attractive atm....
It is. even people are calling for shorts here it totally make sense for me because I dont know this strength will take me to where ( Although I have an upside target at 1.678 ) Maybe we required alot more testing at 1.67 area before the whole trend reversed. But for now I'm going to hold. If by any chance it drop back to 1.67 I will add longs as how I see if it fits.
Read the entire market, money is made on the main trend not the fluctuation
  • #379,726
  • May 29, 2014 3:53am May 29, 2014 3:53am
Metatrader? I use to dont know how to post charts also. you right click on your chart, choose save picture as. and upload it.

the way you do it is print screen. Same as me in the past
Read the entire market, money is made on the main trend not the fluctuation
  • #379,727
  • May 29, 2014 3:53am May 29, 2014 3:53am
looking at PA look like short has lost a lot of steam, she could be making a run to the hills
  • #379,728
  • Edited 4:07am May 29, 2014 3:56am | Edited 4:07am
Quoting elbert3
{quote} just had a look even thou 5 min is go last night did not pull back enough for me so i think i will stick short and may be add,,gl thou we can all make money here i think but keep it tight on pp when you can ..E

Quoting Kofmaster
{quote} It is. even people are calling for shorts here it totally make sense for me because I dont know this strength will take me to where ( Although I have an upside target at 1.678 ) Maybe we required alot more testing at 1.67 area before the whole trend reversed. But for now I'm going to hold. If by any chance it drop back to 1.67 I will add longs as how I see if it fits.

For a quick scalp you could go for some remaining residual reactions off resistances
But big boys packing out their tools starting to drill....looks like they mean business



Be back later....Good luck to all, guys.
Hear the music before the song is over ...
  • #379,729
  • May 29, 2014 3:57am May 29, 2014 3:57am
best i can do
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  • #379,730
  • May 29, 2014 3:57am May 29, 2014 3:57am
Quoting GlobalMacro
{quote} For a quick scalp you go for some remaining residual reactions off resistances But big boys packing out their tools starting to drill....looks like they mean business Be back later....Good luck to all, guys.

Also to add end of month.Lets see how big boys start June.This time in my opinion traders should be wary of placing orders.
Wait for better trading set ups next month
In trading, you have to be defensive and aggressive at the same time
  • #379,731
  • May 29, 2014 3:58am May 29, 2014 3:58am
Quoting PoundTrader
looking at PA look like short has lost a lot of steam, she could be making a run to the hills
Yes, BUYING GBP, seems more sensible at these levels - IMO
  • #379,732
  • May 29, 2014 4:06am May 29, 2014 4:06am
Quoting Didgeridoo
{quote} Yes, BUYING GBP, seems more sensible at these levels - IMO
it would need to break 1.6756 on the up side for me to consider going long
  • #379,733
  • May 29, 2014 4:11am May 29, 2014 4:11am
im starting to feel a little better, little hangover tho , but overall the market gonna be a little slow
  • #379,734
  • May 29, 2014 4:13am May 29, 2014 4:13am
Quoting albchr
{quote}
i feel thats right but on the chart its wrong..lol gut wants short ,,what about you
  • #379,735
  • May 29, 2014 4:25am May 29, 2014 4:25am
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on the day 10 over 20 start to change trend,the 50 is just below which could be first point of resistance to long, the 4 hour is bear , so i have to trade short for me until maybe the 1 hour 10 20 emas cross??
  • #379,736
  • May 29, 2014 4:25am May 29, 2014 4:25am
Up or down , its going to be rough from here. sit tight

later
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,737
  • May 29, 2014 4:28am May 29, 2014 4:28am
Quoting Kofmaster
Up or down , its going to be rough from here. sit tight later {image}
yes i am going away from the pc the trades set orders on so that it decision made so stick buy your trade,,howzat lol gl
  • #379,738
  • May 29, 2014 4:33am May 29, 2014 4:33am
Quoting elbert3
{quote} i feel thats right but on the chart its wrong..lol gut wants short ,,what about you
I have the same feeling. No doubt the RR on some short lived longs is probably good here but, unless the GDP and UP numbers just kill the current dollar strength (which they could, you know how I feel about the buck anyway...lol), then I see a full correction for this bull trend coming and then maybe attack the highs again.

I'd like to start building shorts starting a bit higher up (6750/70ish perhaps) but I'm not buying here.
Ghost Rider - WWTBMD?
  • #379,739
  • May 29, 2014 4:44am May 29, 2014 4:44am
Quoting albchr
{quote} I have the same feeling. No doubt the RR on some short lived longs is probably good here but, unless the GDP and UP numbers just kill the current dollar strength (which they could, you know how I feel about the buck anyway...lol), then I see a full correction for this bull trend coming and then maybe attack the highs again. I'd like to start building shorts starting a bit higher up (6750/70ish perhaps) but I'm not buying here.
i have an order 45 and 6710 i have a feeling no 45, just like no1.7 who said that
  • #379,740
  • May 29, 2014 4:48am May 29, 2014 4:48am
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