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Cable Update (GBPUSD)

  • #101,901
  • Nov 27, 2008 11:46am Nov 27, 2008 11:46am
Quoting nAVIN2007
yes that has to be the worse thing any1 could face..
I can only imagine bro....

How old is the son?
Patience + Discipline - Greed = Success
  • #101,902
  • Nov 27, 2008 11:53am Nov 27, 2008 11:53am
Well, it seems nothing exciting happened during my power nap.... unlike the havoc at nav's neighborhoud. Sorry to hear that mate.

EO go back to the party and enjoy yourself bro...

I am also loooking for a bounce off the 61.8 Fib @ 5310 of the downward movement from 5530s which is now perfectly aligned with the 1h 62 ema.
  • #101,903
  • Nov 27, 2008 11:54am Nov 27, 2008 11:54am
Quoting i.shawish
thanks bro..its wondorfull indecator...are they applicable for these times??
why not?? i've been using it this whole full month and made 500pips out of it. just give it a backtest a little. i must tell you that not to use it in smaller TF that's all. 30m and above only. hope it helps you a bit..
  • #101,904
  • Nov 27, 2008 12:00pm Nov 27, 2008 12:00pm
h1....
Attached Image
Patience + Discipline - Greed = Success
  • #101,905
  • Nov 27, 2008 12:01pm Nov 27, 2008 12:01pm
Quoting Infinity
I can only imagine bro....

How old is the son?
i think he is around 24-27 years old...descent guy. i dont really know he thou but appear to be well bought up!

the situation i see with cable and why we playing ping pong
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  • #101,906
  • Nov 27, 2008 12:37pm Nov 27, 2008 12:37pm
CRAP i was gone all day wed and i missed some great trades. I made one on my phone but it hit BE. i didn't really get the chance to even look at my computer charts so i was totally ok with that BE trade.

Well i wish you all a great T-Giving. Hope you all have much in your lives to be thankful for.

PEACE
d
  • #101,907
  • Nov 27, 2008 12:52pm Nov 27, 2008 12:52pm
We are above 4 hr gan 5409 and below 1 hr gann 5456.Wer need close on 1 of that too for more direction.Stoch on 4 hr is for short and when you see MACD and STOCH trend line and price i think it is going down more likely.

On 15 minute 50 ema and 5405 pivot for now are nice resistance on up.

But i am confused it didnt get 50-61 fib but maybe it will in the end.Usualy do.

We have some trend lines to break as well .So if this fails will ry short in 5510 area again toomorow,if ganns are fine for shorts and bermudas
My target for now is that 4 hr gann 5410 area.I may wait a little for that because today is holiday and all that but will see

Last short closed maybe i should but...now short again

See ya
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  • #101,908
  • Nov 27, 2008 1:18pm Nov 27, 2008 1:18pm
Just wake up.
So...what's up guys
  • #101,909
  • Nov 27, 2008 1:19pm Nov 27, 2008 1:19pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I kid with the "easy money" topic, but this is making sense to me again, after waiting all week to see the light (besides small scalp trades). The momentum will be shifting to the bearish team, I'm about 75% sure of this. I wish we had made it up to 5673 though to start positioning for the next decline, so in that aspect, I'm a little unsure, but the candle action looks too good not to short at these levels. Check it out:

GBP/USD - daily - hidden RSI divergence. Also a hanging man formation and another indecision candle today showing major stalling at the .382 of last downsing, and it also completes the gartley T1 at 5511. That's why I'm saying 5673 would've been better as that's the 618 completion of the upmovement. (Also look at 1 hr chart - I see nice giant double top in the process of being formed, with break of 5174 as confirmation).

Dollar Index - we see we have a bounce of the RSI channel I had previously shown. Also the close above the .50 retracement showing bullish strength now. I would've expected a test of the .50 but no closing above it.

S&P - hidden divergence and approaching the .618 of last downswing. This sucker will be dropping very soon bringing cable with it - unless of course you really think this is the bottom.

I don't see any announcements for tomorrow to help with the decline on cable but for sure, I'm shorting on rallies.
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"Wishful thinking dies hard." Igor T.
  • #101,910
  • Nov 27, 2008 1:25pm Nov 27, 2008 1:25pm
Quoting FxChi
I kid with the "easy money" topic, but this is making sense to me again, after waiting all week to see the light (besides small scalp trades). The momentum will be shifting to the bearish team, I'm about 75% sure of this. I wish we had made it up to 5673 though to start positioning for the next decline, so in that aspect, I'm a little unsure, but the candle action looks too good not to short at these levels. Check it out:

GBP/USD - daily - hidden RSI divergence. Also a hanging man formation and another indecision candle today showing major stalling...

I close my gu and gj longs ..... am seeing much the same thing you are.

I think dj turns back to downside next week ... making usd stronger and the pullback in the DX from 88 temporary
Blogging daily now at www.volume.zone
  • #101,911
  • Edited 1:32pm Nov 27, 2008 1:30pm | Edited 1:32pm


the short would have been taken probably at 1.5370 at the 61% level on the daily
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When life gives you lemons, make lemonade
  • #101,912
  • Nov 27, 2008 1:32pm Nov 27, 2008 1:32pm
Not much movement.
Better stay out until the asian session
  • #101,913
  • Nov 27, 2008 1:32pm Nov 27, 2008 1:32pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting malcolmb14
I close my gu and gj longs ..... am seeing much the same thing you are.

I think dj turns back to downside next week ... making usd stronger and the pullback in the DX from 88 temporary

Agreed. Appears to be fairly straightforward.

Only thing I don't like about trading these days is the big money is out of the market, so I'm questioning if large trending moves will still be possible. Based on the crazy volatile moves these past few months is it possible that central bankers, for the benefit of their domestic companies, try to manipulate prices and keep their currency prices in a range? I haven't been around long enough to know if it would be possible for them to play games like this.
"Wishful thinking dies hard." Igor T.
  • #101,914
  • Nov 27, 2008 1:35pm Nov 27, 2008 1:35pm
Quoting micho
i do not currently have my charts with esignal vol here, but regarding the vol seen on yours, this thing has at least the possibility to break up a little further. also we have been bought up rom the 38.2 fib level resulting in a clear close above that line and higher lows on the last candles. i wouldn't be too surprised, if we head a little higher before retesting/(taking out..(?)) the lows.
  • #101,915
  • Nov 27, 2008 1:36pm Nov 27, 2008 1:36pm
Quoting micho


the short would have been taken probably at 1.5370 at the 61% level on the daily
nice fib expansions ... I would rather wait for market to settle down .. those long wicks on both side of the candles show there is major indecision in the markets.

This week has been a strange one with Tokyo on vacation Monday and now Thanksgiving last 2 days of week.

I am thinking sell as well for 800 - 1000 pip move down , but till the 4 hr settles down i will be doing the scalping thing on a 3 min chart

I think next week will gives us much clearer direction for the market in the weeks before xmas
Blogging daily now at www.volume.zone
  • #101,916
  • Nov 27, 2008 1:37pm Nov 27, 2008 1:37pm
Quoting malcolmb14
nice fib expansions ... I would rather wait for market to settle down .. those long wicks on both side of the candles show there is major indecision in the markets.

This week has been a strange one with Tokyo on vacation Monday and now Thanksgiving last 2 days of week.

I am thinking sell as well for 800 - 1000 pip move down , but till the 4 hr settles down i will be doing the scalping thing on a 3 min chart

I think next week will gives us much clearer direction for the market in the weeks before xmas

OT: lol, you, here
  • #101,917
  • Nov 27, 2008 1:38pm Nov 27, 2008 1:38pm
i think this wouldnt do anything tomorrow....its been a absolute bitch to trade this today......
  • #101,918
  • Nov 27, 2008 1:42pm Nov 27, 2008 1:42pm
Quoting nAVIN2007
i think this wouldnt do anything tomorrow....its been a absolute bitch to trade this today......
On the contrary there was ample opportunities to go long and short today.
  • #101,919
  • Nov 27, 2008 1:46pm Nov 27, 2008 1:46pm
check this out
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When life gives you lemons, make lemonade
  • #101,920
  • Nov 27, 2008 1:48pm Nov 27, 2008 1:48pm
Quoting micho
check this out
period. or the div might get bigger...and bigger.
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