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Cable Update (GBPUSD)

  • #387,841
  • Jul 17, 2014 8:05am Jul 17, 2014 8:05am
Quoting ngiler
{quote} Let time decide XDI just closed my G/UHave no faith Btw im playing and reading FF using smartphone. Sorry for bad editing. {image}
row row row your boat
  • #387,842
  • Jul 17, 2014 8:06am Jul 17, 2014 8:06am
Quoting albchr
{quote} I'm a thinka so Dell {quote}
yes like minds think alike hey AL.. nice one ..
  • #387,843
  • Jul 17, 2014 8:08am Jul 17, 2014 8:08am
Quoting albchr
{quote} Yeah I posted....I think yesterday or the day before (all becoming one long day anymore....LOL) in the my corner I thought we may have another round in the range here. Looks good for it so far. Still bullish longer term though. Thinking when it does break the range it'll be topside. But we can never know. Just have to follow it. {image}
rebound did not take it 1.8410 plus it made a new low. euro made a new low as well. thats the fucking problem. one has to stabilise then gbp falls freely. I think gbp/cad is heading to 1.82 for sure
  • #387,844
  • Jul 17, 2014 8:09am Jul 17, 2014 8:09am
Quoting spinozagr
out with some profit... i am afraid of small retrace now... will look for better setup Venceremos {image}
retrace??? what retrace?? It printed a new low.
  • #387,845
  • Jul 17, 2014 8:09am Jul 17, 2014 8:09am
Quoting DerekTrotter
{quote} yes like minds think alike hey AL.. nice one ..
It's the no sleep thing. I think better when I can't think.
Ghost Rider - WWTBMD?
  • #387,846
  • Jul 17, 2014 8:13am Jul 17, 2014 8:13am
I'm out on cable long, too...close -5 pips, there is always lower I can buy at.
Everyone can see the chart, but only a few can actually read it.
  • #387,847
  • Jul 17, 2014 8:16am Jul 17, 2014 8:16am
Quoting giveachance
{quote} retrace??? what retrace?? It printed a new low.
the red line in this chart is the sma64... it might go up there...

i decided to protect my profits and reenter later... maybe i am wrong..i dont know...

the fact is that the pair is in a bearish mode...

lets see

Venceremos
The good thing with the future is that it is progressively approaching...
  • #387,848
  • Jul 17, 2014 8:16am Jul 17, 2014 8:16am
Quoting giveachance
{quote} rebound did not take it 1.8410 plus it made a new low. euro made a new low as well. thats the fucking problem. one has to stabilise then gbp falls freely. I think gbp/cad is heading to 1.82 for sure
Too soon to tell for me bud. I think we'll stay in the daily range for a bit but how deep into it? ... yet. Day trading I'll work it both ways but overall, longs are safer from lower levels I think. Staying out of it right now though.
Ghost Rider - WWTBMD?
  • #387,849
  • Jul 17, 2014 8:19am Jul 17, 2014 8:19am
Quoting OnlineAddict
{quote} And I'm out...well, was worth the risk.
still in gonna get there too
  • #387,850
  • Jul 17, 2014 8:19am Jul 17, 2014 8:19am
Quoting pipster1
closed out the trade on the M1 spike. Probably the pullback to resistance before the next drop, but I took the pips and ran

Trade Details:
Attached Image (click to enlarge)
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  • #387,851
  • Jul 17, 2014 8:28am Jul 17, 2014 8:28am
Quoting DerekTrotter
{quote} still in gonna get there too
Yeah I'm taking a nibble on EU too Dell. Even though I think it will collapse, the RR here with a stop just under support is too good to ignore. Still looking to sell rallies overall but hey, let's hope for one ... eh?
Ghost Rider - WWTBMD?
  • #387,852
  • Jul 17, 2014 8:29am Jul 17, 2014 8:29am
Future trade idea

Cheers guys! Have a great day!
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-17_1220.png Size: 56 KB
  • #387,853
  • Jul 17, 2014 8:32am Jul 17, 2014 8:32am
Took a greedy little short at 7102.
Everyone can see the chart, but only a few can actually read it.
  • #387,854
  • Jul 17, 2014 8:37am Jul 17, 2014 8:37am
Quoting OnlineAddict
Took a greedy little short at 7102.
15min to 4h is all bear
On 15 min price is studiedly going down in nice 5oclock
RSI W% did not break above 50
Price below the WAVE
Notice RSI remained under 50 since price dropped from 45
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.M15.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #387,855
  • Jul 17, 2014 8:43am Jul 17, 2014 8:43am
She'll offer better for shorts me thinks. 7122ish ... Maybe even 71428 ... But let's see what happens.
Ghost Rider - WWTBMD?
  • #387,856
  • Jul 17, 2014 8:44am Jul 17, 2014 8:44am
Quoting OnlineAddict
Took a greedy little short at 7102.
Be careful.

I would wait for at least an M5 level double top as your entry for a short here, with a lock profit level just above the low of the day.

I hope your trade goes for +30! you are pointed in the correct direction. Good Luck man.

FYI here are the triggers I use on my entry chart (immediate time frame (M5 to M15)
Attached Image (click to enlarge)
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  • #387,857
  • Jul 17, 2014 8:49am Jul 17, 2014 8:49am
Quoting Davit
{quote} 15min to 4h is all bear On 15 min price is studiedly going down in nice 5oclock RSI W% did not break above 50 Price below the WAVE Notice RSI remained under 50 since price dropped from 45 {image}
Sir.

then I have to long the GU for a few..

30 min chart - will see

Regards
  • #387,858
  • Jul 17, 2014 8:51am Jul 17, 2014 8:51am
@AJELive: BREAKING: 280 passengers and 15 crew feared dead after reports of #Malaysia airlines plane crash in #Ukraine | http://t.co/FOYbz8XjMw
  • #387,859
  • Jul 17, 2014 8:59am Jul 17, 2014 8:59am
Quoting albchr
{quote} Is it legal? LOL
should it be ?

Quoting Beli
{quote} ForexLive?
yes you can find it there

Quoting hoom
GU is well bid around 1.7100 , 1.7085 , 1.7050 , 1.7010/00 , expect little bounces at these levels and stop loss under for buyers
works perfectly
Get Rich or Die Tryin
  • #387,860
  • Jul 17, 2014 9:03am Jul 17, 2014 9:03am
Quoting JimmyC
@AJELive: BREAKING: 280 passengers and 15 crew feared dead after reports of #Malaysia airlines plane crash in #Ukraine | http://t.co/FOYbz8XjMw
NOW we have something to be risk-averse about.
Get Rich or Die Tryin
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