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5percent replied Sep 15, 2013Trader should look for price action of what they have seen on levels and react accordingly then to be picking top and bottom.
Cable Update (GBPUSD)
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5percent replied Sep 15, 2013What i will do, look at pullback zone and see reaction on areas of concern going in upon tested. Further buy stops current hi above during Europe Sessions. This is a 1 hour chart.
Cable Update (GBPUSD)
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5percent replied Sep 15, 2013There are a few hours before common brokers opened normally during daily open or daily close on a new week. However, there is a pre-session 2-4 hours before common market opening. Some brokers have access to the pre-market session. Banks are already ...
AUD/USD
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5percent replied Sep 15, 2013This goes well like AUD's breakout from 1.0150 into 0.93. And yet many people were going against the falling knife. And right now, there are herds of bulls in the market. Trading what one sees is important then filling it with "opinions and ...
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013quite disappointed across all pairs except gbpusd which managed to create a higher hi but lacks volatility as cross pairs are in every direction. PPI failed to push price out of range. UoM Consumer Sentiment as well only 5 minutes spikes both fake ...
AUD/USD
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5percent replied Sep 13, 2013maintain long biased as long price is above 1.5840's yesterday hi region. Only any close under 1.5840-27 will turn short bias. current volatility seems abit weak. Price may look to retrace to test 1.5840-28. Prelim UoM Consumer Sentiment might ...
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013if breakout valid close above 1.5840. will aim for tp 1 1.59 and 1.5940 tp 2.
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013tip 1 = don't take SMA when they are closely together in a consolidated range. use horizontal line to define that boxed range, highest and lowest. Identify the range. Range = buy lo, sell hi. stop loss out of range. tip 2 = once u see PA moved out ...
EURUSD
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5percent replied Sep 13, 2013My areas of concern for tonight. I am going for 50-100 pips run on a risk of 20 pip each
. I think those trapped in a trade before tonight are probably feeling pressured, as obviously its ranging till a real movement, not so ideal to get into a ...Cable Update (GBPUSD)
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5percent replied Sep 13, 2013if price closes under 1.5797 within next few hours, put price of current hour's as lower hi in that range, and likely to re-challenge support. I expect price to range until a fundamental fart/us sessions.
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013nice simple and sweet. KISS. I have buy stop above current's highest hi.
EURUSD
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5percent replied Sep 13, 2013i will join the push to the upside if price reached 1.5840 again with a 20 pips risk. and buying above. once reached 30-40 i will close my long from under, and prepare for buy stop above.
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013The more retailers are shorting at this level is quite dangerous, will only lead to further breakout. Our former resistance is 1.5750 June's and 1.5744 few days back. I won't go short unless weekly close under former's hi and wait for new short ...
Cable Update (GBPUSD)
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5percent replied Sep 13, 2013Today and this week closing is crucial. Under 0.9340 put aud still in bottom range channel on daily. Above 0.9340 preferably 0.9355's ytd spike will put aud on breakout to another range. Above 0.9355 will look for 0.97 first. Closing below 0.9340 ...
AUD/USD
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5percent replied Sep 13, 2013if meant to go up, buy top above yesterday's hi . 1.5840. take 1.5843 will do. 1.5843 for 1.6. Weekly close! above 1.5755 = Bull. If hourly closed under 1.5840 upon hit, will close out earlier before stop loss, as resistance will still stands. 20 ...
Cable Update (GBPUSD)
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5percent replied Sep 12, 2013when your account grows substantially, what you might want pay attention and re-fine is your allowance of draw down. Most times, traders makes impressive gains, but as the account gets bigger and bigger, they want to protect the profits, and just ...
Attempt: $100 - $1,000,000 in one year
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5percent replied Sep 12, 2013some places get the data earlier, insider or etc. And heard Thomson reuter subscribers get 1-2min earlier as well.
GBP/USD, strange behaviour 3 minutes before data release
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5percent replied Sep 11, 2013If missed earlier entry, short on pullback failure support turns resistance channel. hourly close under 0.9276 put price on break range's top for another range. 0.9300 good level to be re-tested. i prefer 0.9320 to be re-tested. for best risk reward ...
AUD/USD
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5percent replied Sep 11, 2013for those who are adding shorts from below, and are getting stopped out, they are fueling the bull. For eg, sell 1.5740, stop 1.5790 = , when it reached 1.5790, you will sell it at closed LIVE BUY. And inturns, the market lose 1 seller, and add 1 ...
Cable Update (GBPUSD)
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5percent replied Sep 11, 2013closing above daily hi 1.5744 put pairs on breakout. previous highest hi 1.5751. Price is bullish for breakout above 1.5751. See weekly and daily chart's resistance. Each time, it break resistance/support = big swing to another range. Hour 4 RSI??? ...
Cable Update (GBPUSD)