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Cable Update (GBPUSD)

  • #25,821
  • Aug 20, 2007 6:10pm Aug 20, 2007 6:10pm
Today volume on the Dow was almost 1bil less than friday. 2,479,365,000 vs 1,582,811,000
There will be a lot more days like this until Sept.
  • #25,822
  • Aug 20, 2007 6:13pm Aug 20, 2007 6:13pm
the rally to 1.9900 completed before down again to 1.9880....
it is time to get in buy mode.....
s/l 1.9826
t/p 2.006
t/s 45 pip.....
my prediction is correct......for yesterday....today(dont know)
  • #25,823
  • Aug 20, 2007 6:49pm Aug 20, 2007 6:49pm
I don't like a BIT how cable is trading during those quite times... While Euro is patient waiting what's next for her, this beast just put 60 pips range in the last 2 hours...

Just jumped off my seat here seeing 9845.. LOL

All in all, the only techis I'm watching now is this triangle cable is forming in the 1hr with higher lows contained at 9900 to the upside. As long as this trendline stays I'm cool, as Asia is coming strong.

Euro trading a 30 pips range channel like the lazy pig it's able to be for 3-4 days before breaking out and leaving you alone at the station. Not this time my friend. Not this time with me.. LOL

GJ is following the squeeze in the triangle 1hr, contained at the upside by the 1hr 250 EMA (same for UJ)...


We're in the smooth soft hands of the Japanese housewives in 10 minutes. Is this good news?
  • #25,824
  • Aug 20, 2007 7:18pm Aug 20, 2007 7:18pm
Quoting cesarnc
We're in the smooth soft hands of the Japanese housewives in 10 minutes. Is this good news?
They are the biggest SL spikers between all of the 3 major sessions.

They seem to burn the well directioned trades, and that same spike ends up hitting TP of bad ones.

Try to do an analysis as bad as you can.

Quoting cesarnc
While Euro is patient waiting what's next for her
Euro is a she?

http://pwp.netcabo.pt/balbi/euro4.jpg

Doesn't look like it...

Quoting cesarnc
Euro trading a 30 pips range channel like the lazy pig
If it is already resuming the uptrend like many are saying, this little down move is needed for confirmation if it holds.

But... until it makes a higher high, "No long donuts for me..."
  • #25,825
  • Aug 20, 2007 8:30pm Aug 20, 2007 8:30pm
guyz,
just look at the price action...
for 2 days...since last friday...
when the euro session begin, gbp going up...
mean what? they are trying to move up the gbp......
so.... we follow.....
but when the new york open..... they trying to move it down.....but as always, not every attempt successful....

so we wait today.... as the fozzy style had crossed, the stoch 833 and 1433 already above 20....
i m already in buy mode.
hopefully this time i can hold it for 2 or 3 days for 100++ pips, my target.
if it cross back.....get ready for sell mode back...the re-cross normally create 200-300 pip easily....

keep the trade simple....gbp gives us money up or down....i play daily basis. 2 times infront of PC. morning 0700 am(Malaysia), 1100pm(malaysia). GMT+8
----err...but not every day have a trade.
sometime just use a demo to try new approach.
but i stick to fozzy and stochastic......best.
  • #25,826
  • Aug 20, 2007 8:34pm Aug 20, 2007 8:34pm
who ever really follow the fozzy,
buy on open new daily candle now is 16pips up....
wanna move to B/E? up to you....

wait for strong current coming in euro session
  • #25,827
  • Aug 21, 2007 1:29am Aug 21, 2007 1:29am
Quoting deboooo2005
hi all

i think cable tommorow will face sell pressure .... i find some signs in 4 hour chart ... anone with me in this
Yesterday i told that tthe price was 1.9875 i take short postition now its 1.9822 ... i m still short
  • #25,828
  • Aug 21, 2007 1:34am Aug 21, 2007 1:34am
the price around 1.9816 just jumped back AGAIN ... the 4th time I think on the 5min
.
  • #25,829
  • Aug 21, 2007 1:35am Aug 21, 2007 1:35am
Quoting deboooo2005
Yesterday i told that tthe price was 1.9875 i take short postition now its 1.9822 ... i m still short
i am long we will see who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong
.
  • #25,830
  • Aug 21, 2007 1:40am Aug 21, 2007 1:40am
Quoting bullrock
i am long we will see who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong
sl hit....
.
  • #25,831
  • Aug 21, 2007 1:42am Aug 21, 2007 1:42am
I said 1.9100 ASAP
.
  • #25,832
  • Aug 21, 2007 1:44am Aug 21, 2007 1:44am
Quoting bullrock
i am long we will see who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong who is right who is wrong

really i faint from these repeated words
  • #25,833
  • Aug 21, 2007 1:51am Aug 21, 2007 1:51am
id like to ask from soros_jr whether to buy or sell
.
  • #25,834
  • Aug 21, 2007 1:56am Aug 21, 2007 1:56am
A rumor circulates that UK'insurers MAY BE in trouble
That why cable is dropping
and because is A RUMOR will go up again
  • #25,835
  • Aug 21, 2007 1:56am Aug 21, 2007 1:56am
hi

if you watch 4 hour chart yesterday .... there was selling sign ....
  • #25,836
  • Aug 21, 2007 1:58am Aug 21, 2007 1:58am
Quoting deboooo2005
hi

if you watch 4 hour chart yesterday .... there was selling sign ....
What sign?
.
  • #25,837
  • Aug 21, 2007 2:00am Aug 21, 2007 2:00am
Quoting deboooo2005
hi

if you watch 4 hour chart yesterday .... there was selling sign ....
Where? I dont see any. Mind to post some pics? Thanx.
  • #25,838
  • Aug 21, 2007 2:01am Aug 21, 2007 2:01am
Quoting cesarnc
Lincoln, knock it off... You are in a very nice trade, put the damn SL at B/E (and trailing some 75 pips) and get the f$@# out of the computer.

Or grab your pips now and jump out... Everytime you post you say you're nervous. Get yourself out of that misery. That's for losers.
i got out at break even.. and even earned some pips towards south... So i am one happy trader.
give me my pips back...
  • #25,839
  • Aug 21, 2007 2:01am Aug 21, 2007 2:01am
Quoting deboooo2005
Yesterday i told that tthe price was 1.9875 i take short postition now its 1.9822 ... i m still short
Hi i close the short @1.9790
  • #25,840
  • Aug 21, 2007 2:02am Aug 21, 2007 2:02am
Quoting ndvt241
A rumor circulates that UK'insurers MAY BE in trouble
That why cable is dropping
and because is A RUMOR will go up again
agreed... 9800 is a important support and a fib level... the pair might bounce back to 1.9840 and than rally towards 9800 again later today.
we shall see.

also if the pair had closed below 9800 in hourlies, than more southern action could have been expected.
give me my pips back...
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