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Cable Update (GBPUSD)

  • #122,301
  • Feb 20, 2009 11:29am Feb 20, 2009 11:29am
Quoting Bones
It was a huge $ sell off for some reason,I was long tell 5 min before ,lol
Im a bit sick now.

better to have not loved and lost, than to be beaten by another long wick
  • #122,302
  • Feb 20, 2009 11:29am Feb 20, 2009 11:29am
That makes a outside bar off the rejected high in my book.but $ trend still intact.
It also makes a shooting star (at mo)on the weekly ,like I say worth bearing in mind for cable.
Attached Image (click to enlarge)
Click to Enlarge Name: 17usdx,sell off daily ,wow, 19-02-09.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #122,303
  • Feb 20, 2009 11:31am Feb 20, 2009 11:31am
True Allserene,only not a great week for me all round ,anyway next week may be better......

Quoting allserene
better to have not loved and lost, than to be beaten by another long wick
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #122,304
  • Feb 20, 2009 11:31am Feb 20, 2009 11:31am
Abuawad platform is really brilliyant, but he doesn't trade on Friday ! I hope nothing less with him !

But I still feel uncomfortable before locked in green pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,305
  • Feb 20, 2009 11:31am Feb 20, 2009 11:31am
I wish i could know whats happening with the USD ? theres also a 150 pips spike in the E/U chart
  • #122,306
  • Feb 20, 2009 11:32am Feb 20, 2009 11:32am
Like I said:

These long wicks don't scare me.

We haven't had a 4H close above this R1 level all week.

Dr. D.
Attached Image (click to enlarge)
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  • #122,307
  • Feb 20, 2009 11:33am Feb 20, 2009 11:33am
Few hours to go mind ,anyone know the reason?

Quoting Bones
That makes a outside bar off the rejected high in my book.but $ trend still intact.
It also makes a shooting star (at mo)on the weekly ,like I say worth bearing in mind for cable.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #122,308
  • Feb 20, 2009 11:33am Feb 20, 2009 11:33am
yeeeaah, keep goin down b iaatch, and I'll be a gazillionaire
  • #122,309
  • Feb 20, 2009 11:34am Feb 20, 2009 11:34am
This from ACM

Some chatter attributing spike higher to macro fund buying
through a swiss bank that got in the way of simultaneous buys
by a sovereign name. Thin conditions, a market leaning long of
USD and, voila, euro-dollar pops about two cents after the
European close.
  • #122,310
  • Feb 20, 2009 11:35am Feb 20, 2009 11:35am
Quoting skerdi-meta
yeeeaah, keep goin down b iaatch, and I'll be a gazillionaire
LOL
  • #122,311
  • Feb 20, 2009 11:36am Feb 20, 2009 11:36am
Quoting Benjie
If i was on my demo I wouldnt be scared too
jkin

Don't give up my secret. I always demo......

I've demo-litioned many an account to date.

Dr. D.
  • #122,312
  • Feb 20, 2009 11:36am Feb 20, 2009 11:36am
Quoting Benjie
I wish i could know whats happening with the USD ? theres also a 150 pips spike in the E/U chart
aparently the DOW is scared of GE being downrated and the banks being nationalized

but its setting up for a 15% pop up next week....

a bit of good news could spark that
  • #122,313
  • Feb 20, 2009 11:38am Feb 20, 2009 11:38am
Quoting skerdi-meta
yeeeaah, keep goin down b iaatch, and I'll be a gazillionaire

Buwahahahahahahhahah...

I am not discounting the bulls just yet, but will for sure wait for a turn to be sure....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,314
  • Feb 20, 2009 11:39am Feb 20, 2009 11:39am
Quoting skerdi-meta
yeeeaah, keep goin down b iaatch, and I'll be a gazillionaire
You can laugh now !!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,315
  • Feb 20, 2009 11:40am Feb 20, 2009 11:40am
Manize, you seemed to understand Abuawad method. Can you explain this question I had earlier????

The 2nd buy and the 1st sell signals are only 40+ pips apart. Same with his 1st buy and 2nd sell signals, they are only 80 pips apart.....yet these TP are much more (100-300+) How can we know which to trade, buy or sell cause the call today almost like hedging????????

The last couple of days the signals are more clear cut.....buy area and sell area don't mix. Today they are intertwine, I don't understand.





Quoting manize
Abuawad platform is really brilliyant, but he doesn't trade on Friday ! I hope nothing less with him !

But I still feel uncomfortable before locked in green pips !
  • #122,316
  • Feb 20, 2009 11:40am Feb 20, 2009 11:40am
Shit + 30 pips hit ! Should I short again ? Friday really freaky !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,317
  • Feb 20, 2009 11:43am Feb 20, 2009 11:43am
It looks likes the dow wants to have another go at breaking 7300!
  • #122,318
  • Feb 20, 2009 11:45am Feb 20, 2009 11:45am
Quoting Benjie
I wish i could know whats happening with the USD ? theres also a 150 pips spike in the E/U chart
I think it is alot to do with equity options expiry as FX Local said. There are ETFs that mirror currency pairs with options available that expire today.
  • #122,319
  • Feb 20, 2009 11:45am Feb 20, 2009 11:45am
Quoting manize
Shit + 30 pips hit ! Should I short again ? Friday really freaky !

I might be using some slow indicators, but mine don't say sell yet...

Going to sit out and wait for confirmation before I dare on a short, as of now, I still see a bull market.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,320
  • Feb 20, 2009 11:49am Feb 20, 2009 11:49am
Quoting Bones
True Allserene,only not a great week for me all round ,anyway next week may be better......
you will do better...its in the fib ratios...

What you need to remember..is that 90% always lose. so...you are beating the odds.

take care..have a cold one..

I'm leaving my u/j open with a strong short and see what it can do for me come tokyo open
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