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Cable Update (GBPUSD)

  • #81,421
  • Aug 11, 2008 8:03am Aug 11, 2008 8:03am
Quoting salah k.
soon but not today
not enough juice
the 4hr in my mind suggest we have the base to build longs..im in trouble thou .so i aint gonna even try enter another long at the bottom...looking for the dailly close to tell me whether this has a chance of going up..data today for uk is bad but it hasnt broken nothing yet...that has to be a bit positive
  • #81,422
  • Aug 11, 2008 8:03am Aug 11, 2008 8:03am
Quoting salah k.
too bad u went in the wrong season
nooo winter in madagascar is the season for tourism

not alot of raining and its not too cold, so you have clear weather but kinda cold wind


in summer, u have hurricanes and storms and its so hot
When life gives you lemons, make lemonade
  • #81,423
  • Aug 11, 2008 8:07am Aug 11, 2008 8:07am
Quoting micho
nooo winter in madagascar is the season for tourism

not alot of raining and its not too cold, so you have clear weather but kinda cold wind


in summer, u have hurricanes and storms and its so hot

ah ok
i'll remember that next time i go to madagascar
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,424
  • Aug 11, 2008 8:11am Aug 11, 2008 8:11am
Break of the 9223-02 area discusssed earlier and the Intraday situation turns from bullish-bearish/rangy at best as cable continues it's sell off from rally highs at 9256area. 130 the pip range so far today against friday's 292, the wiegthed average over 20days being around 159, that figure somewhat distorted by friday's pip range, more 145 really.

Failure to see new lows below this morning's 9114 area, would mean a pattern failure of the 1hr hidden divergence, meaning that 1hr reg divergence with 4hr hidden divergence in tghe oscillators is more likely on an extended pullback above today's current highs.
ex member
  • #81,425
  • Aug 11, 2008 8:15am Aug 11, 2008 8:15am
Quoting bbmac
Break of the 9223-02 area discusssed earlier and the Intraday situation turns from bullish-bearish/rangy at best as cable continues it's sell off from rally highs at 9256area. 130 the pip range so far today against friday's 292, the wiegthed average over 20days being around 159, that figure somewhat distorted by friday's pip range, more 145 really.

Failure to see new lows below this morning's 9114 area, would mean a pattern failure of the 1hr hidden divergence, meaning that 1hr reg divergence with 4hr hidden divergence in tghe oscillators is more likely on an extended pullback above today's current highs.

thanks bro .fantastic analysis!
  • #81,426
  • Aug 11, 2008 8:15am Aug 11, 2008 8:15am
If you go long, I hope is intraday scalping because this doesn't looks good.
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  • #81,427
  • Aug 11, 2008 8:23am Aug 11, 2008 8:23am
hope news dont mess me up!
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  • #81,428
  • Aug 11, 2008 8:36am Aug 11, 2008 8:36am
Np nav, u r welcome.

Certainly there seemed a lot of tech reasons to be long from the bottom, it
being that weekly potential support area, and there being reg bearish osc div to 1hr andosc extreme reads to the daily chart there.

Now per the chart below we have had a higher low in the 1hr and a H [circled in yellow, ]above the last LH of the 4hr+ downtrend...[circled in red. ]
Attached Image
ex member
  • #81,429
  • Aug 11, 2008 8:38am Aug 11, 2008 8:38am
Quoting bbmac
Break of the 9223-02 area discusssed earlier and the Intraday situation turns from bullish-bearish/rangy at best as cable continues it's sell off from rally highs at 9256area. 130 the pip range so far today against friday's 292, the wiegthed average over 20days being around 159, that figure somewhat distorted by friday's pip range, more 145 really.

Failure to see new lows below this morning's 9114 area, would mean a pattern failure of the 1hr hidden divergence, meaning that 1hr reg divergence with 4hr hidden divergence in tghe oscillators is more likely on an extended pullback above today's current highs.

hi there.. what is ur near term target bbmac?
  • #81,430
  • Aug 11, 2008 8:48am Aug 11, 2008 8:48am
Quoting mr.m
hi there.. what is ur near term target bbmac?

Hi Mr.m, I am not long £ atm, I am a short term trader only, taking entries off my intermediate chart (5min) in direction and against direction of my trend t/f chart (30min), timed on the 1min trigger.

When the intraday biais is against the longer t/f trends like it was ealier with a bullish biais , you are always looking for a resumption of the longer t/f trend with hidden divergence on the 1hr+ as shown earlier.

That said if i was in a long £ trade atm based on the previously duiscussed analysis, I would aim for the 38.2- 50% of the move down from the last identifiable swing on my intermediate chart, and assuming the 1hr as the trigger and the 4hr as the intermediate with daily as the trend t/f, that would be the anywhere between 9427-9614, ie 38.2-50% of the 9928-9114 swing
ex member
  • #81,431
  • Aug 11, 2008 8:55am Aug 11, 2008 8:55am
Quoting bbmac
Hi Mr.m, I am not long £ atm, I am a short term trader only, taking entries off my intermediate chart (5min) in direction and against direction of my trend t/f chart (30min), timed on the 1min trigger.

When the intraday biais is against the longer t/f trends like it was ealier with a bullish biais , you are always looking for a resumption of the longer t/f trend with hidden divergence on the 1hr+ as shown earlier.

That said if i was in a long £ trade atm based on the previously duiscussed analysis, I would aim for the 38.2- 50% of the move down from the last identifiable swing on my intermediate chart, and assuming the 1hr as the trigger and the 4hr as the intermediate with daily as the trend t/f, that would be the anywhere between 9427-9614, ie 38.2-50% of the 9928-9114 swing

thanks for your reply.. appreciate it! im long @ 214 targeting 262 first from there im not too sure now..
  • #81,432
  • Aug 11, 2008 8:57am Aug 11, 2008 8:57am
Hey Guys

If u're interested..........
http://www.dailypfennig.com/
  • #81,433
  • Aug 11, 2008 8:58am Aug 11, 2008 8:58am
a doji on the weekly would be wonderfull...

that will make people buy
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  • #81,434
  • Aug 11, 2008 9:05am Aug 11, 2008 9:05am
Quoting mr.m
thanks for your reply.. appreciate it! im long @ 214 targeting 262 first from there im not too sure now..
No probs Mr. m. G/l with your trade. ...anything can happen (and probably will, lol)....depends where your stop is really but intraday biais has cetainly changed from the early bullishness to bearish/rangy with hidden divergence pattern failures on the lower t/f's if trying to get back long, 5min and notionally 15min, now trending down. All in all a bit mixed intraday now, with last week's strong downtrend resulting in a very bearish weekly candle and break of daily support weighing heavily on intraday action.
ex member
  • #81,435
  • Aug 11, 2008 9:08am Aug 11, 2008 9:08am
Quoting bbmac
No probs Mr. m. G/l with your trade. ...anything can happen (and probably will, lol)....depends where your stop is really but intraday biais has cetainly changed from the early bullishness to bearish/rangy with hidden divergence pattern failures on the lower t/f's if trying to get back long, 5min and notionally 15min, now trending down. All in all a bit mixed intraday now, with last week's strong downtrend resulting in a very bearish weekly candle and break of daily support weighing heavily on intraday action.

thanks again, at this point seems like ill need the luck! i have a feeling tho, if it keeps ranging for the next 3-4 hours then an upward motion is likely..
  • #81,436
  • Aug 11, 2008 9:09am Aug 11, 2008 9:09am
Quoting DJ4x
Hey Guys

If u're interested..........
http://www.dailypfennig.com/
This was a great read.
I'm of the opinion though, that if the central bank has gone through the trouble of intervening at this point, to this extent, then they'll probably continue to intervene (ie not let the dollar fall too hard) despite the upcoming news this week.
Do you think the karate kid knows kung-fu?
  • #81,437
  • Aug 11, 2008 9:13am Aug 11, 2008 9:13am
Perhaps it depends on tomorrow's CPi and RPI inflation, CPI expected to poke above 4.0%, that's twice the BOE/Mpc target...and all commentray pointing to 5.0% by y/e on that #.

Chatter building that Boe/Mpc may be helped out with some fiscal intervention from Brown and govt, but it still leaves little monetary room for manouvre. All talk is of the next rate move being down but with the vote split 3 ways, and if inflation pressures persist, a surpricse 0.25% hike can't be ruled out on the basis of better to take the nast tasting medicine all at once and get it over with?
ex member
  • #81,438
  • Aug 11, 2008 9:22am Aug 11, 2008 9:22am
Quoting Abuawad
i'm from 1.9141
Hi Abuawad ... Do u still hold your long position
  • #81,439
  • Aug 11, 2008 9:28am Aug 11, 2008 9:28am
http://www.geocities.com/therainmakere/Picture.png looking as far back as the eye can see..
  • #81,440
  • Aug 11, 2008 9:39am Aug 11, 2008 9:39am
I Like MAC OS SYSTEMS
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