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Cable Update (GBPUSD)

  • #64,401
  • May 6, 2008 6:27pm May 6, 2008 6:27pm
Bias.is starting down, just broke the DPP, testing now. We will know if its false break in a minute.

Jim

Quoting salah k.
u r right on the money bro
unless of course UK numbers come in strong

at this moment I have no bias i just want the damn thing to trend so that we can follow the proce action and make some money already.
  • #64,402
  • May 6, 2008 6:32pm May 6, 2008 6:32pm
Quoting hard1head1
Bias.is starting down, just broke the DPP, testing now. We will know if its false break in a minute.

Jim
I am with the BEAR today.

Quoting Malaysia
Cable failed to penetrate the Weekly Pivot to reach my target. Hit SL at 1pip Green I go SHORT now for this News.

7:01pm GBP http://www.forexfactory.com/images/m...act_medium.gif Consumer Confidence Index 70 74 77

T.A.Y.O.R!!!


I am expecting more RED News from UK later... just a SPECULATION with past deteriorating data. Forecast also RED.

Anyway... anything can happen between now till the release. Japan back on business

4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Industrial Production m/m ??? -0.1% 0.3%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Manufacturing Production m/m ??? 0.0% 0.4%
  • #64,403
  • May 6, 2008 7:02pm May 6, 2008 7:02pm
I believe that sometimes goverment control the release in order to keep a balance with the economic globaly.

Just think about this; If Japan let the ¥ get stronger more and more... Their economics will falls big time. Who will pay $250,000 or $300,000 for a Lexus?
You will see less "Made in Japan" because is not cheap to buy from them anymore. The export situations will be in problems and a many others problem just because their currency is more expensive.

What about Europe? Let's see, they have a lot of tourist from every where. Who will pay for a 5 days vacations there? Car industry will cry, well probbably there are right now, because their number will going down hard!!!

What about the £? Whoooaa, @ 2+ is too expensive to them. Buy from this country is too expensive. Go on vacations, FORGET IT!!!

Sometimes, a strong currency could be good for a while, but in the long run, countries will find trouble.

So I think that all these G7, Wolrd Banks Summits, people from thressury dept. of all countries and big guys from all over the world working with the goverments, ARE IN A CONSPIRACY TO CONTROL THE WOLRD EXCHANGE CURRENCY. Right now they all agree in doing what they are doing to mantain all economics in a balance way.

Sh*t, a better stay technical .
Usually I don't use icons, but I have to admit that FF did a nice improvement.
  • #64,404
  • May 6, 2008 7:27pm May 6, 2008 7:27pm
Gbp/Usd

Here is a look at what may be occurring .......

------------------------------------------------------
Only a Probability, ..................Not Cast in Stone !

-------------------------------------------------------
http://i32.tinypic.com/xglfo3.gif
  • #64,405
  • May 6, 2008 7:34pm May 6, 2008 7:34pm
I am looking at 9616 at least by morning.

Quoting marketwavez
Gbp/Usd

Here is a look at what may be occurring .......

------------------------------------------------------
Only a Probability, ..................Not Cast in Stone !

-------------------------------------------------------
http://i32.tinypic.com/xglfo3.gif
  • #64,406
  • May 6, 2008 9:12pm May 6, 2008 9:12pm
Like I said,

You got the 1 Hr spinners and the tweezer tops, and down she went. You can't draw it up any better.

Quoting hard1head1
Hey guys all of the sudden, The 1 hr T/F is very bearish. Twin red spinners & and a set of tweezer tops a few candles back. Looks down.
Attached Image (click to enlarge)
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  • #64,407
  • May 6, 2008 9:34pm May 6, 2008 9:34pm
5 Min triangle break, thru the 89 Smoothy as its bending down. This is how those long trades start that just bounce in waves off of the 11, the 21 EMAs or the 89 Smoothy. Lets see how it turns out.
Attached Image (click to enlarge)
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  • #64,408
  • May 6, 2008 9:46pm May 6, 2008 9:46pm
Quoting Malaysia
I am with the BEAR today.

Quoting Malaysia
Moving down all SL to a greener level. All a few pips above the Daily Pivot.

Still Enjoying the Ride Down. Cable already below 50% Median and already poking 61.8% Fibbo. Fiber well below the Daily Pivot and poking the weekly pivot.

I've got nothing to lose but a few Green Pips already secured. Ready to take out Profit Manually... still observing the PA like a hawk. A bit worried with the Cable minor Bull around 61.8% Fibbo.
Nothing to lose... all SL already at a Greener Level. Stick with the Discipline:

MAXIMIZE PROFIT ... MINIMIZE LOSS.
Attached Image (click to enlarge)
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  • #64,409
  • May 6, 2008 10:54pm May 6, 2008 10:54pm
Quoting hard1head1
Like I said,

You got the 1 Hr spinners and the tweezer tops, and down she went. You can't draw it up any better.
H1H1

Do you have any links to articles on candlestick interpretation which you would recommend?

TIA
Darkness lies one inch ahead..
  • #64,410
  • May 6, 2008 11:24pm May 6, 2008 11:24pm
Trader, here is one.

Japanese Candlestick Charting Explained
  • #64,411
  • May 7, 2008 1:24am May 7, 2008 1:24am
WWW.BABYPIPS.COM


Quoting TraderJR
H1H1

Do you have any links to articles on candlestick interpretation which you would recommend?

TIA
  • #64,412
  • May 7, 2008 1:26am May 7, 2008 1:26am
Just like this, notice the clean bounce off the smoothy, and back on down.

Jim


Quoting hard1head1
5 Min triangle break, thru the 89 Smoothy as its bending down. This is how those long trades start that just bounce in waves off of the 11, the 21 EMAs or the 89 Smoothy. Lets see how it turns out.
Attached Image (click to enlarge)
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  • #64,413
  • May 7, 2008 1:42am May 7, 2008 1:42am
My strategy is working fine sofar. I still use Abuawad method to get trend move, combine with Bones/Navin method to decide the target. Short from 1.9692 - 1.9664. 28 pips enough. It is 2.8% profit more than my 2% daily profit target. Thank you all. Bye- bye I am out now, should do the offline business.
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #64,414
  • May 7, 2008 1:54am May 7, 2008 1:54am
Hey All,

If the numbers come out as forcasted at 4:30, the Daily UTL could be taken out.

Jim
  • #64,415
  • May 7, 2008 1:59am May 7, 2008 1:59am
HIGH COTTEN, Baby!!!!!!
  • #64,416
  • May 7, 2008 2:12am May 7, 2008 2:12am
Quoting marketwavez
Gbp/Usd

Here is a look at what may be occurring .......

------------------------------------------------------
Only a Probability, ..................Not Cast in Stone !

-------------------------------------------------------
This Trade is over now , These are the results :
http://i32.tinypic.com/xglfo3.gif
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
http://i32.tinypic.com/y0ah5.gif
  • #64,417
  • May 7, 2008 2:21am May 7, 2008 2:21am
closed first lot and let the second run to the target of 1.9530ish
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  • #64,418
  • Edited 2:34am May 7, 2008 2:22am | Edited 2:34am
If GBPUSD breaks the low of 16/04/08 at 1.9599
may be start of 3rd or big C wave down.......

If not, back to 2.0000 .....
  • #64,419
  • May 7, 2008 2:33am May 7, 2008 2:33am
divergence on 4 hr...next candle might be big pullback or even reversal..watch out guys...
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  • #64,420
  • May 7, 2008 2:36am May 7, 2008 2:36am
im not in the trade ...had death in family today (relative) ...on topic anyway diverence on 4 hr is fairly strong might see 1.94 today maybe ..
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