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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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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gbpusd4.gif
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dax30.gif
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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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Paul
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EURUSD nears loads of sell stops

Postby Paul » Mon Jul 06, 2009 11:30 pm

EURUSD nears lots of stops and it is clear that hitting them would open
the door to 1.4037.
At around 1.3930 some big action took place (stops and fresh aggressive buying). Longs need to be tested and we need to see their strength at 1.3930
to trust this direction.
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first stops hit on EURUSD

Postby Paul » Mon Jul 06, 2009 11:52 pm

first stops hit on EURUSD
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SHORT GBPJPY @ 154.57 closed on TP 154.12 (+45pips)

Postby Paul » Tue Jul 07, 2009 6:38 am

SHORT GBPJPY @ 154.57 closed on TP 154.12 (+45pips)
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Paul
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A test of 1.3930 on EURUSD is underway

Postby Paul » Tue Jul 07, 2009 6:43 am

At around 1.3930 some big action took place (stops and fresh aggressive buying). Longs needed to be tested and we need to see their strength at 1.3930 to trust this direction. We are just seeing a test of this line level.
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