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Cable Update (GBPUSD)

  • #122,481
  • Feb 22, 2009 5:33pm Feb 22, 2009 5:33pm
Quoting JammerJams
Sofia is correct....this is the asian session...its sunday..and most traders are just feeling around. too early to make sure fire directions. let is settle in...or take a big gamble...

Im sure your observations are correct..but the major trades will not occur until tonight.

Sunday and Friday are to be taken with care and doubt

good luck
Plus that's
why I show my chart ,even 1H is in between levels and pivots,patience
  • #122,482
  • Feb 22, 2009 5:36pm Feb 22, 2009 5:36pm
Ok ok...the peer pressure in here is telling me to wait....
  • #122,483
  • Feb 22, 2009 5:41pm Feb 22, 2009 5:41pm
Quoting joemiami
Ok ok...the peer pressure in here is telling me to wait....
LOL we just warning you it 's still have room to go higher,maybe bacause we like you?
  • #122,484
  • Feb 22, 2009 5:44pm Feb 22, 2009 5:44pm
Quoting sofia101
LOL we just warning you it 's still have room to go higher,maybe bacause we like you?

Sophia, its really nice to have ppl like you, Jammer, and others to help guide those of us still in early learning stages... Thank You!!
  • #122,485
  • Feb 22, 2009 5:49pm Feb 22, 2009 5:49pm
Quoting joemiami
Sophia, its really nice to have ppl like you, Jammer, and others to help guide those of us still in early learning stages... Thank You!!
Now daily pivot is at 1.4353 if it will break decisevly then lets think about going short
  • #122,486
  • Feb 22, 2009 5:54pm Feb 22, 2009 5:54pm
Quoting joemiami
Sophia, its really nice to have ppl like you, Jammer, and others to help guide those of us still in early learning stages... Thank You!!
towards end of last week GU drifted lower in Asia and Frankfurt only to be bought in London ... there were a lot of bear trap kind of moves. ...

I am a GJ trader and typically it will take the path of least resistance down in Asia ..due to low volume

asd long as that pink line / brown line zone holds ( that is point of control .. max volume and VWAP .. volume weighted average price) for Friday then it is buy the dips.

If we go below those zones then we could be getting a reversal set up on the daily.

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  • #122,487
  • Feb 22, 2009 5:58pm Feb 22, 2009 5:58pm
Malcolm, thanks to you too.
and for your insight and chart
  • #122,488
  • Feb 22, 2009 6:00pm Feb 22, 2009 6:00pm
Quoting joemiami
anybody short here? its showing bearish divergence on 1 hr and hi oversold on 4 hr
An order to short was filled at 4315.
  • #122,489
  • Feb 22, 2009 6:04pm Feb 22, 2009 6:04pm
Quoting jack.canadia
An order to short was filled at 4315.
I figured someone here at already jumped into the pool!
  • #122,490
  • Feb 22, 2009 6:05pm Feb 22, 2009 6:05pm
Quoting sofia101
Now daily pivot is at 1.4353 if it will break decisevly then lets think about going short
My daily PP just plotted at 4334. I am looking to long out of this area as the pivot is in a 38.2/50% zone. Beyond there 4235/60 is another area for a good buy.
  • #122,491
  • Feb 22, 2009 6:07pm Feb 22, 2009 6:07pm
Quoting joemiami
I figured someone here at already jumped into the pool!
It was for one of the reasons you posted, hourly bearish divergence. Plus, a gap down after a large rally in price is what we would expect, so I was looking for a pullback to fill the gap before shorting. It touched 4415 where I placed my order and never went higher!
  • #122,492
  • Feb 22, 2009 6:17pm Feb 22, 2009 6:17pm
Quoting jack.canadia
It was for one of the reasons you posted, hourly bearish divergence. Plus, a gap down after a large rally in price is what we would expect, so I was looking for a pullback to fill the gap before shorting. It touched 4415 where I placed my order and never went higher!
Nice entry!
  • #122,493
  • Feb 22, 2009 6:23pm Feb 22, 2009 6:23pm
still in a short from friday around 4280....should i close and just take the lost or hang in there a little while longer....newbie and still learnng....thanks for advise..
  • #122,494
  • Feb 22, 2009 6:28pm Feb 22, 2009 6:28pm
Quoting pipchaser1
still in a short from friday around 4280....should i close and just take the lost or hang in there a little while longer....newbie and still learnng....thanks for advise..
I have divergence here.

M30 and H1 LONG x H4 SELL, i am out now.

M30 and H1 have good support at 1.432.
  • #122,495
  • Feb 22, 2009 6:35pm Feb 22, 2009 6:35pm
Quoting joemiami
Hang in there...4 hr chart looking good for you ..DOWN!
That's not what my 4hr says...Taking 1hr still saying bull run not over, pullback, and we see a rise. 4hr saying we just started into the longs....

But, play your plays, I say we fill the gap before we see much more downtickery...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,496
  • Feb 22, 2009 6:38pm Feb 22, 2009 6:38pm
Quoting Magix
That's not what my 4hr says...Taking 1hr still saying bull run not over, pullback, and we see a rise. 4hr saying we just started into the longs....

But, play your plays, I say we fill the gap before we see much more downtickery...
Yeah, i saw the 1 hr pointing north ...for now. Once thats exhausted and possibly retesting fri high...we should see clearer sign to short off of it
  • #122,497
  • Feb 22, 2009 6:38pm Feb 22, 2009 6:38pm
Quoting joemiami
Hang in there...4 hr chart looking good for you ..DOWN!

see how this 4 hour shapes up but not looking weak at all .. we have had sellers in reaction to wide spread up candle ..... but we have not even touched 50 % of the candle at 1.4333....

4 hour price action looks strong to me .. .this 4 hour has 3 hours left and is green so far

note also rsx green on 4 hour .. means that sma is still above the rsx = bullish for now

for me unless 1.4320 taken out it is buy dips

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Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-309.png Size: 171 KB
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  • #122,498
  • Feb 22, 2009 6:46pm Feb 22, 2009 6:46pm
Quoting Magix
That's not what my 4hr says...Taking 1hr still saying bull run not over, pullback, and we see a rise. 4hr saying we just started into the longs....

But, play your plays, I say we fill the gap before we see much more downtickery...
I believe the gap has filled no?
  • #122,499
  • Feb 22, 2009 6:47pm Feb 22, 2009 6:47pm
Quoting malcolmb14
see how this 4 hour shapes up but not looking weak at all .. we have had sellers in reaction to wide spread up candle ..... but we have not even touched 50 % of the candle at 1.4333....

4 hour price action looks strong to me .. .this 4 hour has 3 hours left and is green so far

note also rsx green on 4 hour .. means that sma is still above the rsx = bullish for now

for me unless 1.4320 taken out it is buy dips

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Looks like a nice bull flag forming there.
  • #122,500
  • Feb 22, 2009 6:48pm Feb 22, 2009 6:48pm
Quoting malcolmb14
see how this 4 hour shapes up but not looking weak at all .. we have had sellers in reaction to wide spread up candle ..... but we have not even touched 50 % of the candle at 1.4333....

4 hour price action looks strong to me .. .this 4 hour has 3 hours left and is green so far

note also rsx green on 4 hour .. means that sma is still above the rsx = bullish for now

for me unless 1.4320 taken out it is buy dips

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Love the charts your posting, mine are a touch different but seem to be confirming. I see price and my fib line on 1hr to be sitting @ 1.4348, which we can see a touch and x down, support on a 7MA on 4 hour seems to be @ 1.4350. A small cruise down through those and I will look for correction and buying ops. As of now, I have no orders in my basket...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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