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Cable Update (GBPUSD)

  • #411,081
  • Mar 8, 2015 7:19pm Mar 8, 2015 7:19pm
Quoting Zappa
{quote} Same exact thing I'm doing. I got 5 lots at 1.5059. Looking to double that once I feel confident enough to lower the stop price.
Most probably 1.5100 will halt this move up for today.
Next level for today is 1.5140. But not sure about this.
Below 1.5030, id 1.4980/70
Intraday only.
  • #411,082
  • Mar 8, 2015 10:16pm Mar 8, 2015 10:16pm
Honestly, I'm a bit surprised about the strength with which GBPUSD came out of the weekend. I expected a larger gap down.

The good news is, for the short term I'm looking at the H1 chart on GBPUSD, and I'm heartened that this chart looks so bearish. What's better is that we just got a reversal near the overbought side of the stochastic, which tends to indicate an amazing shorting opportunity in bear markets.
  • #411,083
  • Mar 8, 2015 10:37pm Mar 8, 2015 10:37pm
Quoting takari
Honestly, I'm a bit surprised about the strength with which GBPUSD came out of the weekend. I expected a larger gap down. The good news is, for the short term I'm looking at the H1 chart on GBPUSD, and I'm heartened that this chart looks so bearish. What's better is that we just got a reversal near the overbought side of the stochastic, which tends to indicate an amazing shorting opportunity in bear markets.
NY close, 1.5100 minimum. Retracement is a must now.

Having said that, if it manages to break 1.5030, then the retracement will bi gin at 1.4970/80
Intraday only.
  • #411,084
  • Mar 8, 2015 10:52pm Mar 8, 2015 10:52pm
Quoting navk
{quote} NY close, 1.5100 minimum. Retracement is a must now.
Just wondering, what makes you say that? Granted I'm pretty new to this, but the way I see it we're headed to sub-1.5 before anything higher.
  • #411,085
  • Mar 8, 2015 11:05pm Mar 8, 2015 11:05pm
Quoting takari
{quote} Just wondering, what makes you say that? Granted I'm pretty new to this, but the way I see it we're headed to sub-1.5 before anything higher.
I did not deny what you said. I already said that it would target 1.4970/80 if it breaks 1.5030. But let it break first. If it fails to break 1.5030, then 1.5100 min.
Intraday only.
  • #411,086
  • Edited 12:35am Mar 9, 2015 12:22am | Edited 12:35am
just ok to wait for more down with strong bear wkly.5100 , 5214 limits up there to continue , the early the start perhaps .next target goes 4812 breaks . similarly in gold 1184\90 to care for 1139\31 low to 1112\00 and or new lows 1032 limit . too early , but ok stay tuned.
In both pair pa in a bear set up at a bottom & likely bounce if can end this existing down leg presently but pa shows strong pressure to continue bear , so instead abcd to down bear may take short cut crush abC to continue without /negligible D towards previous top bounce/ still one leg to down before the same > so towards previous bottom again !!! .lets see

take care ,
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #411,087
  • Mar 9, 2015 12:30am Mar 9, 2015 12:30am
looking to short from 5200 if buyers can take it up there and if it breaks 50000,i will hold short till it touches 46500
  • #411,088
  • Mar 9, 2015 12:53am Mar 9, 2015 12:53am
I might look for reasons to short around 5150 area
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #411,089
  • Mar 9, 2015 1:38am Mar 9, 2015 1:38am
morning staying with fridays plan 5100 and possible 5250, and possible thats shorts finished 5560 would send it long i would say ,but watch all moves even here 5079 ,????
  • #411,090
  • Edited 3:30am Mar 9, 2015 2:56am | Edited 3:30am
Waiting for 1.5185-1.5200 for shorting. Maybe not today, but tomorrow. EUR gonna have some good news from the Eurogroup meeting (GR program accepted, funds given), expecting it to get to 1.0970 or so. If things don't work out, then shorting both below the lows of today.

Just a test at EU. S/L at 1.0820.
Attached Image (click to enlarge)
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  • #411,091
  • Mar 9, 2015 3:43am Mar 9, 2015 3:43am
looking at news there is an option at 5250, never know what this is about but that will fill the day candle, we know it is possible because of the big daily move it has had down, so why not have one up ?http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e93173dc-214f-4e0d-99f4-a002c4a30d44
Attached Image (click to enlarge)
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  • #411,092
  • Mar 9, 2015 3:53am Mar 9, 2015 3:53am
Quoting elbert3
looking at news there is an option at 5250, never know what this is about but that will fill the day candle, we know it is possible because of the big daily move it has had down, so why not have one up ?http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e93173dc-214f-4e0d-99f4-a002c4a30d44{image}
Attached Image (click to enlarge)
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its going for it taking out resistances ok 5113 ish watch area
  • #411,093
  • Mar 9, 2015 4:22am Mar 9, 2015 4:22am
I want cry. I want start my new real account and i let pass 2 big trains. Friday and today. I'm feel out of sync. And worst is this open market i knowed price up but i didn't want go to sleep with order opened
Try don't lose pants never...
  • #411,094
  • Mar 9, 2015 6:06am Mar 9, 2015 6:06am
Quoting braintheboss
I want cry. I want start my new real account and i let pass 2 big trains. Friday and today. I'm feel out of sync. And worst is this open market i knowed price up but i didn't want go to sleep with order opened
I started live trading at the beginning of the year and have also sat and watched so many opportunities pass by while I did nothing ! I have found a HUGE difference between 'demo' and 'live' trading from a psychological perspective !!

Perhaps it stems from knowing how hard I worked to get the capital in the first place weighing on a fear of loss !

Good luck my fellow newbie :-)
  • #411,095
  • Mar 9, 2015 6:17am Mar 9, 2015 6:17am
EURGBP is more attractive to see below 0.71 this week
@Aymankkhlifat
  • #411,096
  • Mar 9, 2015 6:18am Mar 9, 2015 6:18am
Quoting braintheboss
I want cry. I want start my new real account and i let pass 2 big trains. Friday and today. I'm feel out of sync. And worst is this open market i knowed price up but i didn't want go to sleep with order opened
if it is of any help demo 3 month took them over 300k from 100k demo start ,, went live and lost 6k real money in two weeks , did not come back live for 9 months , so make sure you think you demo money is real,, play it with as much fear as you can until you are 110% confidant ,,regards E
  • #411,097
  • Mar 9, 2015 6:18am Mar 9, 2015 6:18am
Approaching resistance at 5150 area and Carnage Carney tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Come with me if you want to live....
  • #411,098
  • Mar 9, 2015 6:27am Mar 9, 2015 6:27am
Quoting braintheboss
I want cry. I want start my new real account and i let pass 2 big trains. Friday and today. I'm feel out of sync. And worst is this open market i knowed price up but i didn't want go to sleep with order opened
Do not get anxious. Repeat yourself always when this happens... The Market is Eternal, as so many times as you need to keep calm.
This is a pullback or taking profits. IMO. Look the resistance on Friday to start think about shorts.
  • #411,099
  • Mar 9, 2015 6:35am Mar 9, 2015 6:35am
Quoting elbert3
looking at news there is an option at 5250, never know what this is about but that will fill the day candle, we know it is possible because of the big daily move it has had down, so why not have one up ?http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e93173dc-214f-4e0d-99f4-a002c4a30d44{image}
Hi

what is the name of the Indicator which indicates - OVERBOUGHT ZONE AND THUMBS DOWN SYMBOL ?

CAN YOU POST IT HERE PLS?

THANKS IN ADVANCE
  • #411,100
  • Mar 9, 2015 6:39am Mar 9, 2015 6:39am
Quoting alagiri64
{quote} hi what is the name of the indicator which indicates - overbought zone and thumbs down symbol ? Can you post it here pls? Thanks in advance
the name is on the screen , labang kousang . I should take it off i dont go by it, you will find it in , i can code your emas thread, trade s/r and tl there better , put your work in and dont think the robots can work for you, regards
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