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cableboy replied Apr 19, 2010i am bearish but will wait for 30 min test of 200ema before entering short which could coincide with 50 fib of current down leg currently long from 265 with t/p 1 at test of 15 min ema which has been hit as writing t.p 2 is 50 fibo or test of 30 min ...
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cableboy replied Apr 19, 2010waiting for 30 min to test 200ema possibly coinciding with 50 Fib level. entering now i feel is a tad bit early for me. your s/l should weather any storm if any. currently long from 265. will exit at 15 t/p 1 is at 15 min test of 200 ema just hit as ...
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cableboy replied Apr 19, 2010will only trade the break as well, will be looking for good confirmation before entering. f*$k getting burnt by a fake
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cableboy replied Apr 19, 2010got a wedge forming here or ascending triangle. will look to trade the break which seems to be to the upside. which would close the gap and possibly take it to upper boundry of descending channel. as shown break downards will poss re-test 50 fib of ...
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cableboy replied Apr 19, 2010i had a look at your jpy crosses next couple days could get you some good profit as long as equities dont take a dive. never ventured into the asain currencies or the CAD but hey ive decided to look for some good technical entries in other pairs ...
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cableboy replied Apr 19, 2010yo bro what are your t/p and s/l levels for your euro long. im 30 pip up but am looking to gol,d for a break of 700.
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cableboy replied Apr 19, 2010magix just wanna say thanks bro. your coaching form last week regarding the use of m/a's has brought so much more light to my trading. cheers bro
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cableboy replied Apr 19, 2010ii also think a temp top is in place til elections end. however really good u.k data this week. could change things.
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cableboy replied Apr 19, 2010
been watching and waiting for that exact trade for a while. i caught it quite close to the fibo at 440. am now 20 pip up. still early days its a long term trade and will be looking to hold for a while.Cable Update (GBPUSD)
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cableboy replied Apr 19, 2010
ive already been burnt once picking a bottom am gonna wait fro retrace sterling looks weakCable Update (GBPUSD)
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cableboy replied Apr 18, 2010the only way mate you are spot on trade price action on the day. The price movements are the pricing in of effecting news. There for trading price action on the day shows you directly on your chart how the pair is reacting to the news.
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cableboy replied Apr 17, 2010keep your short i think we might have seen a high due to both elections and the speculation of a retracement in equities.
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cableboy replied Apr 16, 2010short at 390 going for one more test of hourly 200ema
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cableboy replied Apr 15, 2010magix thanks for you explanation. provided much needed clarity. using this insight i feel my entries will be somewhat more timely and founded. thanks again bro
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cableboy replied Apr 15, 2010so the consensus is if the m5 stalls we wait for it to come back and test its broken 200ema support now acting as resistance. using the 24sma as a guidance ie if 24sma holds her we look to go down. if we continue down we look to go long at 30min ...
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cableboy replied Apr 15, 2010magix or kill after the break on the 15 how do we now look for an entry to go short? just trying to get into the mindset of the pro's
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cableboy replied Apr 15, 2010im always looking forward to your charts. thanks again
Cable Update (GBPUSD)