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Cable Update (GBPUSD)

  • #122,881
  • Feb 23, 2009 1:26pm Feb 23, 2009 1:26pm
Quoting JammerJams
Good afternoon...

just checking and I am seeing a nice potential run upward setting in the 1hr...already set in the 30 min time period.
Stoch is also showing nice crossovers in the 30sma levels...and seeing spinning tops..and spikes at thsi 448x level..

CCI showing strong over bought for both time periods...I am setting up for long with intentions if Downward trend line is broken.
Good afternoon. I am test long again1.4475, SL 1.4465 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,882
  • Feb 23, 2009 1:31pm Feb 23, 2009 1:31pm
Quoting manize
Good afternoon. I am test long again1.4475, SL 1.4465 !
I have long entered at 4474 with 4460 as SL...tight..but we now have 4 spikes on 5 min and solid base with 15 min. also crossed trend line...now all we need is upward pressure...

strong dollar showing on all currencies...

now going to go get lunch..let this trade do its thing...
  • #122,883
  • Edited 1:47pm Feb 23, 2009 1:37pm | Edited 1:47pm
Quoting JammerJams
I have long entered at 4474 with 4460 as SL...tight..but we now have 4 spikes on 5 min and solid base with 15 min. also crossed trend line...now all we need is upward pressure...

now going to go get lunch..let this trade do its thing...
That is I expect, very strong support at 1.4478 on M15 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,884
  • Feb 23, 2009 1:44pm Feb 23, 2009 1:44pm
From here, downward pressure. You think the 0347 GMT 23 Feb run's top at 1.4472 will hold?
  • #122,885
  • Feb 23, 2009 1:55pm Feb 23, 2009 1:55pm
All I can see right now is cable at most going up to 1.4550 before heading south to 1.42xx level. volume is disappearing, scalping mode is coming soon.
  • #122,886
  • Feb 23, 2009 2:12pm Feb 23, 2009 2:12pm
good afternoon everyone.... do you guys think that cable will rebump to 4580 before going lower?
  • #122,887
  • Feb 23, 2009 2:13pm Feb 23, 2009 2:13pm
Shit sucked SL before jump up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,888
  • Feb 23, 2009 2:24pm Feb 23, 2009 2:24pm
My daily closed 2 pips higher than I would of like it to have closed to take a short on the opening of the new daily candle. I'm on the sides, but I will be looking for a short entry. ATM, I see cable going upwards, but I don't think it's long last. Should we get a cross of the 15m 50ema, I will be going back short on her.
Just digging in the trenches like everyone else!
  • #122,889
  • Feb 23, 2009 2:25pm Feb 23, 2009 2:25pm
Quoting CableXpert
good afternoon everyone.... do you guys think that cable will rebump to 4580 before going lower?
I just bought this dipp at 4485
  • #122,890
  • Feb 23, 2009 2:31pm Feb 23, 2009 2:31pm
Quoting Shilva
I just bought this dipp at 4485
Same price I just bought it, good luck
  • #122,891
  • Feb 23, 2009 2:33pm Feb 23, 2009 2:33pm
Quoting eohater
My daily closed 2 pips higher than I would of like it to have closed to take a short on the opening of the new daily candle. I'm on the sides, but I will be looking for a short entry. ATM, I see cable going upwards, but I don't think it's long last. Should we get a cross of the 15m 50ema, I will be going back short on her.
I agree with you... Trying to get a short around 4560 level
  • #122,892
  • Feb 23, 2009 2:39pm Feb 23, 2009 2:39pm
I am not considering long yet based on the daily...I think we may see 438x...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 20 KB
Patience + Discipline - Greed = Success
  • #122,893
  • Feb 23, 2009 2:42pm Feb 23, 2009 2:42pm
Quoting sofia101
Same price I just bought it, good luck

I am short at 1.4486 Good Luck to you too
  • #122,894
  • Feb 23, 2009 2:48pm Feb 23, 2009 2:48pm
Quoting Infinity
I am not considering long yet based on the daily...I think we may see 438x...
I agree brother. I even see 4320 on the table.
Just digging in the trenches like everyone else!
  • #122,895
  • Feb 23, 2009 3:05pm Feb 23, 2009 3:05pm
hi everyone ....

here is a few lines on the chart for discussion

ES tanked today ... so there was a flight to safety on the USD , however we only got a retracement to 38.2% of the up move that ended in London yesterday. Strong trends typically only ever retrace 38%.

the line to watch is that 1.4470 level. This is the 38%.

A bounce off this will give us new highs in London ( i still have that donut riding on 1,4800) . The 30 min rsx is starting to curl up.

A break of the 1.4470 level will likely lead to a down draft 1.4350 zone (61.8% retrace).

right now GJ looks to be in a bull flag ...as does GU

something else to add .... there seems to be a symmetry of moves forming .. 200 down 400 up

Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 30 KB
Blogging daily now at www.volume.zone
  • #122,896
  • Feb 23, 2009 3:17pm Feb 23, 2009 3:17pm
Quoting malcolmb14
hi everyone ....

here is a few lines on the chart for discussion

ES tanked today ... so there was a flight to safety on the USD , however we only got a retracement to 38.2% of the up move that ended in London yesterday. Strong trends typically only ever retrace 38%.

the line to watch is that 1.4470 level. This is the 38%.

A bounce off this will give us new highs in London ( i still have that donut riding on 1,4800) . The 30 min rsx is starting to curl up.

A break of the 1.4470 level will likely lead to a down draft 1.4350 zone (61.8%...
Good morning at my place. Thanks for chat !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #122,897
  • Feb 23, 2009 3:30pm Feb 23, 2009 3:30pm
Quoting eohater
I agree brother. I even see 4320 on the table.
Definitely possible bro!
Patience + Discipline - Greed = Success
  • #122,898
  • Feb 23, 2009 3:43pm Feb 23, 2009 3:43pm
Quoting malcolmb14
hi everyone ....

here is a few lines on the chart for discussion

ES tanked today ... so there was a flight to safety on the USD , however we only got a retracement to 38.2% of the up move that ended in London yesterday. Strong trends typically only ever retrace 38%.

the line to watch is that 1.4470 level. This is the 38%.

A bounce off this will give us new highs in London ( i still have that donut riding on 1,4800) . The 30 min rsx is starting to curl up.

A break of the 1.4470 level will likely lead to a down draft 1.4350 zone (61.8%...
Great analysis as usual Malcolm... Judging mainly from the daily close.. we should see at least yesterday's low before making a new high IMO...The way the daily 5ema and the h4 50ema lines up makes it look even more likely to me... I think if this area between 4350 and 4380 holds we will see a continuation up near the 4800 levels as you stated...

Eu also closed very bearish... today's daily close will be the interesting... not sure how much bearing this will have on gu though..
Patience + Discipline - Greed = Success
  • #122,899
  • Feb 23, 2009 3:43pm Feb 23, 2009 3:43pm
Quoting malcolmb14
hi everyone ....

here is a few lines on the chart for discussion

ES tanked today ... so there was a flight to safety on the USD , however we only got a retracement to 38.2% of the up move that ended in London yesterday. Strong trends typically only ever retrace 38%.

the line to watch is that 1.4470 level. This is the 38%.

A bounce off this will give us new highs in London ( i still have that donut riding on 1,4800) . The 30 min rsx is starting to curl up.

A break of the 1.4470 level will likely lead to a down draft 1.4350 zone (61.8%...
You probably
will win your donut ,LOL I got out of my long with 2+ not happy,but I am looking to get in lower ,about144.40 ,now on 4H I can see it may go lower,but I don't think it going to happened.Cheers
  • #122,900
  • Feb 23, 2009 4:05pm Feb 23, 2009 4:05pm
Quoting Infinity
Great analysis as usual Malcolm... Judging mainly from the daily close.. we should see at least yesterday's low before making a new high IMO...The way the daily 5ema and the h4 50ema lines up makes it look even more likely to me... I think if this area between 4350 and 4380 holds we will see a continuation up near the 4800 levels as you stated...

Eu also closed very bearish... today's daily close will be the interesting... not sure how much bearing this will have on gu though..
1.4450 now, we broke 1.4470 so according to Malcolm is likely doownward, however according to Infinity is continuation up near 1.4800, if 4350 and 4380 holds. I am a little confused by two different opinion.
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