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Cable Update (GBPUSD)

  • #4,301
  • Jan 2, 2007 6:59am Jan 2, 2007 6:59am
it wassurprising to see that gap from open but one thing sticks out in my mind is that it gapped to get back in this channel right here so why did every one get short exactly? it broke out of the channel short day before i know but when market went back in the channel instead of bouncing off of it i would think thats a good indicator its gioing long. Am i wrong, i just woke up lol
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,302
  • Jan 2, 2007 7:02am Jan 2, 2007 7:02am
Quoting Ghostpipper
it wassurprising to see that gap from open but one thing sticks out in my mind is that it gapped to get back in this channel right here so why did every one get short exactly? it broke out of the channel short day before i know but when market went back in the channel instead of bouncing off of it i would think thats a good indicator its gioing long. Am i wrong, i just woke up lol

heres a chart, any analasys is greatly appreciated
Attached Image
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,303
  • Jan 2, 2007 7:10am Jan 2, 2007 7:10am
Quoting Ghostpipper
heres a chart, any analasys is greatly appreciated
Low volume, choppy market, no clear direction after reaching 9730s...

Seems like Asia managed to retrace from the 9587 and Europe manage the way up, but yet not strong enough to be convincent - previous channels were formed rapidly after a 200+ pips spike up

Anything could happen. Good idea is going pip-per-pip today.

And I don't know how US will trade, because of the National Mourning Day... Comments about this?

César
  • #4,304
  • Jan 2, 2007 7:16am Jan 2, 2007 7:16am
Quoting cesarnc
Low volume, choppy market, no clear direction after reaching 9730s...

Seems like Asia managed to retrace from the 9587 and Europe manage the way up, but yet not strong enough to be convincent - previous channels were formed rapidly after a 200+ pips spike up

Anything could happen. Good idea is going pip-per-pip today.

And I don't know how US will trade, because of the National Mourning Day... Comments about this?

César
i won't be trading the u.s. unless i get a strong signal, might be best to stay out until things clear up a little.
If I Go Broke Trying Then I Will die happy.
  • #4,305
  • Jan 2, 2007 7:20am Jan 2, 2007 7:20am
Quoting Moe
i won't be trading the u.s. unless i get a strong signal, might be best to stay out until things clear up a little.
Thanks Moe...

The spike up to 9730 suggested - but so far only suggested - a breakout from the triangle. Guess there's not enough players from whose trades a clear trend can appear... What you think?
  • #4,306
  • Jan 2, 2007 7:25am Jan 2, 2007 7:25am
Quoting cesarnc
Thanks Moe...

The spike up to 9730 suggested - but so far only suggested - a breakout from the triangle. Guess there's not enough players from whose trades a clear trend can appear... What you think?
im getting a signal hear, looks like a buy waiting to see at what price i can get in at
If I Go Broke Trying Then I Will die happy.
  • #4,307
  • Jan 2, 2007 7:31am Jan 2, 2007 7:31am
i miss the boat on this one, i could of went long at 1.9715 but signal wasn't strong enough.
If I Go Broke Trying Then I Will die happy.
  • #4,308
  • Jan 2, 2007 7:32am Jan 2, 2007 7:32am
it appears that the break of the triangle is confirmed on the 4h chart.
I am long.
  • #4,309
  • Jan 2, 2007 7:33am Jan 2, 2007 7:33am
Quoting Moe
i miss the boat on this one, i could of went long at 1.9715 but signal wasn't strong enough.
if price drop below 9715 i will be looking to get in on the long side
If I Go Broke Trying Then I Will die happy.
  • #4,310
  • Jan 2, 2007 7:34am Jan 2, 2007 7:34am
Quoting Moe
i miss the boat on this one, i could of went long at 1.9715 but signal wasn't strong enough.
I went long 9712 but bailed at 9727. I hate trying to buy and hold this late in a move.
Profit is where readiness meets Opportunity
  • #4,311
  • Jan 2, 2007 7:38am Jan 2, 2007 7:38am
Quoting Moe
i miss the boat on this one, i could of went long at 1.9715 but signal wasn't strong enough.
don't think il be able to jump on the boat, just might wait till tommrow. system is telling me price will go up but i like to buy a little lower so ima sit this one out.
If I Go Broke Trying Then I Will die happy.
  • #4,312
  • Jan 2, 2007 7:40am Jan 2, 2007 7:40am
well ISM should be a good one tomorrow
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,313
  • Jan 2, 2007 7:41am Jan 2, 2007 7:41am
The price action is data like darting and jumping. Level II shows very patchy orders with liquidity showing and disapearing.
Profit is where readiness meets Opportunity
  • #4,314
  • Jan 2, 2007 7:41am Jan 2, 2007 7:41am
Quoting FXopportunist
I went long 9712 but bailed at 9727. I hate trying to buy and hold this late in a move.
i agree, i hate to jump in at these prices, don't like to buy to high. altho system is telling me prices or going up, it gave me a signal at 1.9715 was not strong enough for me, but prices will go up. boat has left the dock
If I Go Broke Trying Then I Will die happy.
  • #4,315
  • Jan 2, 2007 7:44am Jan 2, 2007 7:44am
Got 5 pips in this way up... 9740 is a strong area...

This was today's 3rd bounce at the 9730 area... Would it be time to consider a retracement for the day's price action?
  • #4,316
  • Jan 2, 2007 7:45am Jan 2, 2007 7:45am
unless the fomc meeting tells of something, the dollar is gonna fall this week
If I Go Broke Trying Then I Will die happy.
  • #4,317
  • Jan 2, 2007 7:47am Jan 2, 2007 7:47am
Quoting cesarnc
Got 5 pips in this way up... 9740 is a strong area...

This was today's 3rd bounce at the 9730 area... Would it be time to consider a retracement for the day's price action?
give it a min, im seeing strong up trend maybe up to 9760+
If I Go Broke Trying Then I Will die happy.
  • #4,318
  • Jan 2, 2007 7:47am Jan 2, 2007 7:47am
Quoting Moe
unless the fomc meeting tells of something, the dollar is gonna fall this week
It is a very clear direction technically on the euro. I wanted to get in when the market opened is the asian session but I chose to wait for a bargian due to the move before the brokers opened. Unfortunately I slept through the european session. Ooops.
Profit is where readiness meets Opportunity
  • #4,319
  • Jan 2, 2007 7:49am Jan 2, 2007 7:49am
Quoting Moe
give it a min, im seeing strong up trend maybe up to 9760+
Ok.. let's wait....
  • #4,320
  • Jan 2, 2007 7:52am Jan 2, 2007 7:52am
Quoting FXopportunist
It is a very clear direction technically on the euro. I wanted to get in when the market opened is the asian session but I chose to wait for a bargian due to the move before the brokers opened. Unfortunately I slept through the european session. Ooops.
you think the dollar is gonna get hammer this week if so the n.f.p will put the pound at 2.000
If I Go Broke Trying Then I Will die happy.
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