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Cable Update (GBPUSD)

  • #122,561
  • Feb 22, 2009 9:59pm Feb 22, 2009 9:59pm
Looks like the short on GJ coming back around...

Will see where she sits at 5 mins on the next hr.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,562
  • Feb 22, 2009 10:03pm Feb 22, 2009 10:03pm
USD index, 15 minute.
Attached Image (click to enlarge)
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  • #122,563
  • Feb 22, 2009 10:10pm Feb 22, 2009 10:10pm
OK lets see ....

we hit high volume into prior highs ...

any sellers sitting there like last 2 times ? nope .. we have not even broke 1.4500 whole number.

I trade using volume spread analysis and price action and right now both tell buy the dips. i just hit her again at 1.4515

we have been at this top for three hours .... no sellers appeared yet .....likely we will get that spike to 1.4600 before London

those short with to tight a stop will be shaken out. The move up will have to be on high volume thru the top.

the rsx on 15 min does say down ... but the fact that we are at old highs and no sellers appeared tells me it is buy the dips still.

we have not even had a 15 min close under the 8 sma....and are still above the point of control . I have a simple rule. The 15 min was a bull stack on the 14 wma / 8 and 4 sma only buy dips on a 5min

I have a donut riding on 1,4800. ..I think GU may well move up in steps.

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  • #122,564
  • Feb 22, 2009 10:14pm Feb 22, 2009 10:14pm
Quoting Magix
This has to be one of the worst pairs for falling asleep...I just effin hate when it does this.

Thanks to a late dinner and watching the GU that I missed short on GJ...

But, the friggen ribs were fantastic! Cooked in Rootbeer and finished on the que!



and you did not invite us ... shame on you .....lol
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  • #122,565
  • Feb 22, 2009 10:17pm Feb 22, 2009 10:17pm
Quoting malcolmb14
[/b]


and you did not invite us ... shame on you .....lol
I live for leftovers. You wanna eat my cooking, you gotta extend the invite...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,566
  • Feb 22, 2009 10:26pm Feb 22, 2009 10:26pm
Quoting malcolmb14
OK lets see ....

we hit high volume into prior highs ...

any sellers sitting there like last 2 times ? nope .. we have not even broke 1.4500 whole number.

I trade using volume spread analysis and price action and right now both tell buy the dips. i just hit her again at 1.4515

we have been at this top for three hours .... no sellers appeared yet .....likely we will get that spike to 1.4600 before London

those short with to tight a stop will be shaken out. The move up will have to be on high volume thru the top.

the rsx on 15 min does...
Wait, did you say there is chance for this pair to pass 1.4600 and move up to 1.4800?
  • #122,567
  • Feb 22, 2009 10:27pm Feb 22, 2009 10:27pm
I went long, SL 1.4485 ! TP --> hunting !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,568
  • Feb 22, 2009 10:34pm Feb 22, 2009 10:34pm
Quoting trader8686
Wait, did you say there is chance for this pair to pass 1.4600 and move up to 1.4800?
8 hour chart rsx is nice and green ,,,,, moving up in steps...

the last move up was on low volume , but i see DX sinking into the lower 80s

I think test of upper portion of wedge .. Ameritrini did not agree said my analysis was all wrong... he/she may well owe me one donut and an apology tomorrow....lol

I love these so called traders that spew all over what you post then disappear

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  • #122,569
  • Feb 22, 2009 10:36pm Feb 22, 2009 10:36pm
Quoting manize
I went long, SL 1.4485 ! TP --> hunting !
Hit + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,570
  • Feb 22, 2009 10:38pm Feb 22, 2009 10:38pm
Quoting AmeriTrini
There are lots of things wrong with your analysis that you have to figure out for yourself, one I will mention is that the Friday candle is not closed as all forex brokers stop trading at 4pm est and the candle closes at 5pm est. I doubt its going up though, not until we test lows.

I like donuts with sprinkles one ..... thanks ....lol

looks like there was a lot right with my analysis after all
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  • #122,571
  • Feb 22, 2009 10:39pm Feb 22, 2009 10:39pm
That's pretty much the run for top I had expected. I'm still tending towards the bearish. S/L set @ 1.4555.

Gunna go watch a little TV, see what the next hours hold. Looking for 1.4380 as possible target.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #122,572
  • Feb 22, 2009 10:40pm Feb 22, 2009 10:40pm
Quoting malcolmb14
8 hour chart rsx is nice and green ,,,,, moving up in steps...

the last move up was on low volume , but i see DX sinking into the lower 80s

I think test of upper portion of wedge .. Ameritrini did not agree said my analysis was all wrong... he/she may well owe me one donut and an apology tomorrow....lol

I love these so called traders that spew all over what you post then disappear

Attachment
I'm not questioning your findings..the info is true..problem have is the timing of events...I do see the g/u rising..question is will it retrace now..for a short and then continue its rise..i am out at this time..and going to sit and wait for london session...too much to risk with such little volume

all i need is one good run... 100 pips and im out..a combo would be nice..but more exposure..one run is better
  • #122,573
  • Feb 22, 2009 10:40pm Feb 22, 2009 10:40pm
I thought this board was the GJ ...



Quoting malcolmb14
I like donuts with sprinkles one ..... thanks ....lol

looks like there was a lot right with my analysis after all
[
  • #122,574
  • Feb 22, 2009 10:42pm Feb 22, 2009 10:42pm
starting to look more like a top ....

bearish div 15 min rsx
rsx pointing down ...

however still do not trust it.

When the real volume comes on line in London it should set the tone for the next 48 hours

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  • #122,575
  • Feb 22, 2009 10:43pm Feb 22, 2009 10:43pm
Quoting rgitt05
I thought this board was the GJ ...

so did I ...lol

GU much easier to trade tonight .... mind you been double dipping

GJ still in that lovely range 134 to 135.20
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  • #122,576
  • Feb 22, 2009 10:45pm Feb 22, 2009 10:45pm
Quoting malcolmb14
8 hour chart rsx is nice and green ,,,,, moving up in steps...

the last move up was on low volume , but i see DX sinking into the lower 80s

I think test of upper portion of wedge .. Ameritrini did not agree said my analysis was all wrong... he/she may well owe me one donut and an apology tomorrow....lol

I love these so called traders that spew all over what you post then disappear

Attachment
Malc..now you move to GBPUSD thread...? Never mind...I understand...

I will try to post here too.
  • #122,577
  • Edited 11:03pm Feb 22, 2009 10:46pm | Edited 11:03pm
Quoting malcolmb14
starting to look more like a top ....

bearish div 15 min rsx
rsx pointing down ...

however still do not trust it.

When the real volume comes on line in London it should set the tone for the next 48 hours

Attachment
I have seen this one, too.
On the 30m chart, formed a twin peak.
  • #122,578
  • Feb 22, 2009 10:47pm Feb 22, 2009 10:47pm
Waiting patiently for 4495.
  • #122,579
  • Feb 22, 2009 10:49pm Feb 22, 2009 10:49pm
Good aftrenoon all!

pop ,malaysia
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  • #122,580
  • Feb 22, 2009 10:50pm Feb 22, 2009 10:50pm
this is almost the same pattern as the one we have tonight , on a 60 min chart on Feb 13th

form about 1 hr 45 min to 1 hour into London they pushed her 250 pips higher

not saying the same is going to happen tonight , but i would be very surprised we did not get a push to 1.4600 at least before any major retracement

there are signs of downward movement coming like 60 min rsx bear div but GU could move up another 100 or so before this plays out

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