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Cable Update (GBPUSD)

  • #122,501
  • Feb 22, 2009 6:50pm Feb 22, 2009 6:50pm
Quoting jack.canadia
I believe the gap has filled no?

Didn't on my charts, but I just woke from an afternoon nap, so eyes still a little bloodshot....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,502
  • Feb 22, 2009 6:51pm Feb 22, 2009 6:51pm
Quoting NuckingFuts
Looks like a nice bull flag forming there.
here is 15 min

in order for bulls to remain in control we need to stay above 1.4290 zone

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-310.png Size: 212 KB
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  • #122,503
  • Feb 22, 2009 6:56pm Feb 22, 2009 6:56pm
Quoting Magix
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...

I am sell train gj .. that is the pair i day trade ... got it at rejection of point of control Friday ( 134,75)

targeting 133.5 / 133.

133.75 critical support
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  • #122,504
  • Feb 22, 2009 7:00pm Feb 22, 2009 7:00pm
Quoting malcolmb14
I am sell train gj .. that is the pair i day trade ... got it at rejection of point of control Friday ( 134,75)

targeting 133.5 / 133.

133.75 critical support

Nice.

I see 1.3634 as the line in the sand to x and hold on the 4 hr, but I think I might hitch a ride on your train for a while, looks good to go here. Might just wait for the next spike and see if I can gain entrance @ 134.4-1.34.2.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,505
  • Feb 22, 2009 7:32pm Feb 22, 2009 7:32pm
clearing GAP detected @ Asia session chart H1 nice view.... hope you all in safe place...
  • #122,506
  • Feb 22, 2009 7:45pm Feb 22, 2009 7:45pm
Quoting biax
clearing GAP detected @ Asia session chart H1 nice view.... hope you all in safe place...
Yess looking for a short at the current level!
  • #122,507
  • Feb 22, 2009 7:47pm Feb 22, 2009 7:47pm
The GU Price action is in a 4hr wedge and the 1.4130-50 zone been tested several times.. My bias is bullish at the moment until GU breakout the wedge.

I figured the 1.4800 area is the highest range until breakout the wedge..

Good Luck..

Attached Image (click to enlarge)
Click to Enlarge Name: 4gu.gif Size: 26 KB
[
  • #122,508
  • Feb 22, 2009 7:51pm Feb 22, 2009 7:51pm
Well, that's about the best idea of a gap fill your gunna see....heh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,509
  • Feb 22, 2009 7:52pm Feb 22, 2009 7:52pm
Quoting malcolmb14
even with sophias response I do not see it .. look at 4 hour GU ...

1.4200 , 1,4400 , 1.4600 , 1.4800 / 1/5000 are all areas of s/r ... it moves on a 4 hour chart at 200 pip increments,

I never think of s/r as exact numbers and rather as ' zones' .

right now we are right under the 1,4400 zone. If we get a 15 min close above that we should move to 1.4600

Attachment
Do you mind to give us an updated same chart again, near the price of 1.4600?

Thanks.
  • #122,510
  • Edited 8:19pm Feb 22, 2009 7:53pm | Edited 8:19pm
I'll buy if pullback until 1.4454 ! Or waiting for at 1.49xx to short if also breaks 1.47xx ! She'll go at least 1.47xx !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,511
  • Feb 22, 2009 7:56pm Feb 22, 2009 7:56pm
Quoting Magix
Well, that's about the best idea of a gap fill your gunna see....heh
Filled it hardd lol Paused now at daily R1.
  • #122,512
  • Feb 22, 2009 7:57pm Feb 22, 2009 7:57pm
Quoting Magix
Well, that's about the best idea of a gap fill your gunna see....heh

I guess our buy the dips is holding true for now....

the GJ is ranging right now ... same range as Friday ....133.75 to 135.20


target gu ... maybe 1,4600

this move looks very impulsive so trialing the stop
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  • #122,513
  • Feb 22, 2009 7:58pm Feb 22, 2009 7:58pm
Quoting jack.canadia
Plus, a gap down after a large rally in price is what we would expect, !
no, I expected UP gap already in Friday night and it happened,.... a bit too late maybe
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  • #122,514
  • Feb 22, 2009 7:58pm Feb 22, 2009 7:58pm
A report is out saying that US govt, Citigroup talks may see govt expand ownership; govt may take up to 40% stake, Citi wants US stake to be closer to 25%




Quoting malcolmb14
I guess our buy the dips is holding true for now....

the GJ is ranging right now ... same range as Friday ....133.75 to 135.20


target gu ... maybe 1,4600

this move looks very impulsive so trialing the stop
[
  • #122,515
  • Feb 22, 2009 7:59pm Feb 22, 2009 7:59pm
Quoting trader8686
Do you mind to give us an updated same chart again, near the price of 1.4600?

err when I posted this I did not mean it would get from 1.,4400 to 1.4600 in 10 seconds flat ....lol

this looks a little impulsive ..we have to watch that 1,4555 zone that sophia mentioned
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  • #122,516
  • Feb 22, 2009 7:59pm Feb 22, 2009 7:59pm
But like a total shithead...

I was more interested in what I figured I should buy at instead of paying attention to the chart...sat this ride out....

Sigh....

We should see a nice moving week, some great ranges, can always make up later....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,517
  • Feb 22, 2009 8:06pm Feb 22, 2009 8:06pm
Quoting malcolmb14
err when I posted this I did not mean it would get from 1.,4400 to 1.4600 in 10 seconds flat ....lol

this looks a little impulsive ..we have to watch that 1,4555 zone that sophia mentioned
The resistance level 1.4554 has been broken by 4H bars twice: 1.4564 and 1.4603.
  • #122,518
  • Feb 22, 2009 8:07pm Feb 22, 2009 8:07pm
going short as of 4506
  • #122,519
  • Feb 22, 2009 8:10pm Feb 22, 2009 8:10pm
Quoting joemiami
going short as of 4506
risky
Trade less make more!
  • #122,520
  • Feb 22, 2009 8:11pm Feb 22, 2009 8:11pm
Quoting doughnut
risky
Dont remind me....lol

Im playing off the bearish divergence forming on 1hr MACD...plus a nice bearish pin on 5 min
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