A cluster of stops all the way to 1.6218 on GBPUSD

forex live trades, setups, charts

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Paul
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and GBPUSD dipped to 1.6312 as expected

Postby Paul » Fri Jul 03, 2009 11:32 am

and GBPUSD dipped to 1.6312 as expected
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Paul
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EURUSD poised to test 1.3941

Postby Paul » Fri Jul 03, 2009 3:06 pm

EURUSD poised to test 1.3941. The strongest areas of recent SELLS and BUYS
are marked. First Sell stops above 1.4084. Last signal is a SELL. Today's BUYs have been unable to change momentum much in their favor. Price action ? Much ado about nothing.
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Paul
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a broader look at EURUSD

Postby Paul » Sun Jul 05, 2009 10:37 pm

a broader look at EURUSD.
Strong SELLs at 1.4140,
1.4084
1.4026.
Fibo extentions coincide with major signal lines of turbulence. BUYs must feel a lot of anxiety. The way to 1.3800 is paved with stoplosses. Little energy is needed to go through them. The dollar opened a new week with gaps in its favor against the cable, the euro and the Swiss franc.
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Paul
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GBPUSD more bearish than eurusd

Postby Paul » Sun Jul 05, 2009 10:53 pm

GBPUSD more bearish than eurusd
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Paul
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A next significant target for GBPUSD is 1.5343

Postby Paul » Mon Jul 06, 2009 10:28 am

A next significant target for GBPUSD is 1.5343. Isn't it far away from now? No.
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noone22
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Re: A next significant target for GBPUSD is 1.5343

Postby noone22 » Mon Jul 06, 2009 10:45 am

Paul wrote:A next significant target for GBPUSD is 1.5343


Please exuse me for dummy questions, but I'm not afraid to ask them.

What does your signal mean exactly and for how long it is valid?

Could I go short today with profit target of 1.5343?
What will be my stop-loss?

For how long this trade could last: hours, days, weeks?

What to do, if I enter the trade and GBP would start to rise wildly?

Where your signals are coming from and why I should trust them
(or you)?

Paul
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to noone22

Postby Paul » Mon Jul 06, 2009 11:35 am

Hi there,

What does your signal mean exactly and for how long it is valid?
Inner built memory shows it is valid and the market may keep a memory of it even a couple of years.


Could I go short today with profit target of 1.5343?
No. No, because you are a retailer.


For how long this trade could last: hours, days, weeks? Weeks or even longer.



Where your signals are coming from and why I should trust them
(or you)?
There is not any matter of trust. The signals are objective non-lag signals, not subjective, no fuzzy logic incorporated, no hanky-panky about formations, patterns, convergence, divergence etc. These signals are completely counter-intuitive just as the non-linear dynamics of the market is.
Study today's M30 chart of GBPUSD pasted below. All Signals marked by an arrow. Perfectly aligned with the performance of stock indices by the way (correlation).
Study Dax30 today to see what I mean.
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Last edited by Paul on Mon Jul 06, 2009 12:10 pm, edited 1 time in total.

Paul
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to noone22 again

Postby Paul » Mon Jul 06, 2009 11:59 am

The problem of trust crops up however when you consider chart mistakes/errors.
No matter whether they are intended or non-intended, no system is free from errors. The market keeps the memory of everything, including those errors which may never be identified at all but will stay in the system. They are like ripples on the surface of water. When a system is very sensitive to initial conditions (it depends on the HUrst exponent) those errors will influence the future and make it less predictable.

Paul
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SHORT GBPJPY @ 154.57 and above, TP 154.12

Postby Paul » Mon Jul 06, 2009 6:56 pm

SHORT GBPJPY @ 154.57 and above, TP 154.12
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massive buying GBPUSD near 1.6197

Postby Paul » Mon Jul 06, 2009 11:05 pm

massive buying GBPUSD near 1.6197 makes this a most important defence line of longs established yesterday.
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