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Cable Update (GBPUSD)

  • #411,881
  • Mar 19, 2015 8:26am Mar 19, 2015 8:26am
Quoting Sammih
{quote} Good call but i guess you should watch out for the 1.484 support first.... {image}
Yep, waiting for it to break on the 30 min (200ema) to add some more down the road. Might close if it goes above 1.49 again.
  • #411,882
  • Mar 19, 2015 8:34am Mar 19, 2015 8:34am
looks like a major set up for up ,but requires time to develop ,don't forget cable is range long term ,ideally we close round here min
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #411,883
  • Mar 19, 2015 8:39am Mar 19, 2015 8:39am
Quoting sakisf
{quote} Yep, waiting for it to break on the 30 min (200ema) to add some more down the road. Might close if it goes above 1.49 again.
carefull 482 the 4 hour 20 ema has crossed clear that an its off
  • #411,884
  • Mar 19, 2015 8:40am Mar 19, 2015 8:40am
Quoting hetfield
{quote} I like scalping, would be the end of the world hold an order for days. I do not think would fall asleep even though she was positive. Maybe you can still incorporate this spirit of long-term
by my side, i cannot keep watching at charts looking for continous trades. i mean... i can get a scalp for some 30-50 pips today or tomorrow. then that's it. once done, no matter if profit or loss, i'm totally unable to open another trade. at that point all charts appears confused to me, because i can only see price moving in one direction or the other and switching (for example) from short to long, costs me a lot.

it's basically how i developed my trading over the years. at first i realized was better to trade an instrument when in trend getting in-out-in.out. etc.. then i realized was better to recognize a trend as soon as possible and stay with that as much as possible.

the no sleep thing.... well... that's maybe about position size, money management etc.

when i open a trade, the loss is calculated in the size that... doesn't let me awake overnight. btw, many times i check a trade b4 sleep and let it go overnight. i trade a lot on gbp nzd, gbp aud. so while sleeping, i cannot watch at charts and get confused by all noises on each candle
90% of traders use TA, indicators and prediction
  • #411,885
  • Mar 19, 2015 8:45am Mar 19, 2015 8:45am
Quoting elbert3
{quote} time the news dont work, question why was that big move, 1 shit load of buyers and it dragged the buy limits with it creating a tsunami of orders and vise versa , depends who had the stronger buy or sell money, now it also depends what is left to clear up, after that wave,, , i like that post myself..lol inspired me..to 5000 , regards

Really, it becomes a tsunami the chart as soon as the news is released, but this is all because of the big boys in the market I think. I like to talk to you, a great moral spirit merchant with their analysis. You have helped me during my walk through the forex ...
Breaking a support over 5 min
  • #411,886
  • Mar 19, 2015 8:46am Mar 19, 2015 8:46am
Quoting elbert3
{quote} carefull 482 the 4 hour 20 ema has crossed clear that an its off
Sitting @1.4829 on my chart acting as support atm. Lows EMA(34) there too. If it goes, it goes!

Adding more if it moves up to retest 1.4820. Otherwise sell stop @1.4780.

Now need some help from EU & NU for lower. Might as well be a bear trap. Moving SL's to BE @1.4859.
  • #411,887
  • Mar 19, 2015 8:51am Mar 19, 2015 8:51am
you can see where $ is ,bearish consolidation pattern hang man on w1 ,tweezer top ,its no surprise to me at all yesturday
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #411,888
  • Mar 19, 2015 8:55am Mar 19, 2015 8:55am
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  • #411,889
  • Mar 19, 2015 8:56am Mar 19, 2015 8:56am
1.47-1.4770 should be full of stops from yesterday.
  • #411,890
  • Mar 19, 2015 8:58am Mar 19, 2015 8:58am
Quoting sakisf
{quote} Sitting @1.4829 on my chart acting as support atm. Lows EMA(34) there too. If it goes, it goes! Adding more if it moves up to retest 1.4820. Otherwise sell stop @1.4780. Now need some help from EU & NU for lower. Might as well be a bear trap. Moving SL's to BE @1.4859.
got a gap on the 5 min so i closed the trade not sure to buy it back
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  • #411,891
  • Mar 19, 2015 8:59am Mar 19, 2015 8:59am
eu its best to wait for mo ,maybe monday


Quoting Bones
you can see where $ is ,bearish consolidation pattern hang man on w1 ,tweezer top ,its no surprise to me at all yesturday {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #411,892
  • Mar 19, 2015 9:00am Mar 19, 2015 9:00am
Quoting elbert3
{quote} got a gap on the 5 min so i closed the trade not sure to buy it back {image}
I don't have it (not on the 1min either). Might be the broker since it's from demo account. It's full black high volume.

Again down on bad news. Or preparing to rocket up?
  • #411,893
  • Mar 19, 2015 9:06am Mar 19, 2015 9:06am
yes only on the 5 min but i closed the trade to early on the laptop , in my live acc i was in at the break of my triangle after tp on 65 with the long trade, ,,not sure now if to jump ,
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  • #411,894
  • Mar 19, 2015 9:10am Mar 19, 2015 9:10am
Don't know. 1.4760-1.4780 is quite strong but it was taken down easily yesterday pre-FOMC. I moved stops to BE and just let it do whatever it wants. If it wasn't for EU & UChf resisting I would have said easy down from now on.
  • #411,895
  • Mar 19, 2015 9:16am Mar 19, 2015 9:16am
Quoting sakisf
Don't know. 1.4760-1.4780 is quite strong but it was taken down easily yesterday pre-FOMC. I moved stops to BE and just let it do whatever it wants. If it wasn't for EU & UChf resisting I would have said easy down from now on.
just cleaned the pc, first the power went then its running slow, done my head in , gone long , 4775..that was a good entry to of yours welll done,,
  • #411,896
  • Mar 19, 2015 9:32am Mar 19, 2015 9:32am
It has built supports during the down move every 20 pips. If 1.4710 is breached, then it would be unstoppable.
  • #411,897
  • Mar 19, 2015 9:34am Mar 19, 2015 9:34am
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  • #411,898
  • Mar 19, 2015 9:37am Mar 19, 2015 9:37am
Quoting sakisf
It has built supports during the down move every 20 pips. If 1.4710 is breached, then it would be unstoppable.
what a crazzzzzy two days , just want it to go to 5100 now,, now that would be crazzzzy
  • #411,899
  • Mar 19, 2015 9:41am Mar 19, 2015 9:41am
Quoting elbert3
{quote} what a crazzzzzy two days , just want it to go to 5100 now,, now that would be crazzzzy
Might turn there at the end. EU, NU, AU, XAU positions not supporting this move down. Though they all turned to kinda pre-fomc levels. Maybe they wait GU to take position before they start going to the sky again.
  • #411,900
  • Mar 19, 2015 9:43am Mar 19, 2015 9:43am
Quoting sakisf
{quote} Might turn there at the end. EU, NU, AU, XAU positions not supporting this move down. Though they all turned to kinda pre-fomc levels. Maybe they wait GU to take position before they start going to the sky again.
hope so ,
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