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Cable Update (GBPUSD)

  • #126,001
  • Edited 1:22pm Mar 11, 2009 12:44pm | Edited 1:22pm
Quoting Magix
While watching the boredom....making a few pips up and down, I have had a chance to analyze the long term trends and compare them to the overall cycles.

Without a crystal or magic 8 ball, here's what I see....

Range of play increasing along with volume. We all equate that to volatility and news for the markets not being entirely wrong....With the increase in volume comes more increased play ranges. We have seen a lot of downside to the chart, grand score to the long term shorts, way to go!

But....

Looking at the week to come, I believe that...
Reasonable, I just identified that yesterday daily candle has been performin a morning star !
Interesting waiting for the closing time, if above 1.3790, next bulish week maybe come true !
Attached Image (click to enlarge)
Click to Enlarge Name: 110309a.gif Size: 70 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,002
  • Mar 11, 2009 12:46pm Mar 11, 2009 12:46pm
You have a point. I mainly play correlation , linear regression(best fit line), standard deviation..... I play price aberrations from the median, I closed GBP/JPY as its heading down maybe to 133-even 127........... other positions I locked little profit........... When I had a job, thats when I worked in a third world country , I used to revive people those who were in critical situations.........cardiac shock, circulatory shock, neurogenic schock, septic shock, anaphylactic shock etc ........... so in trading also I try to play from edge ...........I don't advice this to anybody.............Cable is in a critical area...........I don't like to short it in this area.........maybe 1.45 and above.........

Quoting allserene
It's doomed...DOW sliding down faster than m jackson under his pink bed sheets
Cable is as dead as a Bernie Madoff's vacation plans
We are all doomed but don't panic
BANDA333
  • #126,003
  • Mar 11, 2009 12:50pm Mar 11, 2009 12:50pm
short from 4500? Good luck with that.
The next time she gets up there, we'll be leaving on a jet plane to 5400.
You want to stop predicting. That will save you from blowing up the account.
Thank You
  • #126,004
  • Mar 11, 2009 12:52pm Mar 11, 2009 12:52pm
Quoting allserene
It's doomed...DOW sliding down faster than m jackson under his pink bed sheets
Cable is as dead as a Bernie Madoff's vacation plans
We are all doomed but don't panic
  • #126,005
  • Mar 11, 2009 12:59pm Mar 11, 2009 12:59pm
Quoting wormboy
short from 4500? Good luck with that.
The next time she gets up there, we'll be leaving on a jet plane to 5400.
You want to stop predicting. That will save you from blowing up the account.
Still looking at 3950 to 4000 if that. Then DOWN.
  • #126,006
  • Mar 11, 2009 1:00pm Mar 11, 2009 1:00pm
Quoting Magix
While watching the boredom....making a few pips up and down, I have had a chance to analyze the long term trends and compare them to the overall cycles.

Without a crystal or magic 8 ball, here's what I see....

Range of play increasing along with volume. We all equate that to volatility and news for the markets not being entirely wrong....With the increase in volume comes more increased play ranges. We have seen a lot of downside to the chart, grand score to the long term shorts, way to go!

But....

Looking at the week to come, I believe that...

Plus - all the bank experts are saying dollar is finished long term and the 2 year slide will resume...
but GBP ? dunno

If euro survives the test, it will be king I am sure - but poor battered GBP ?

But good GBP news and bad US news could light the blue touch paper under cable.... not yet though...but if it happens, I agree that a lot of folks will get badly burned and we need to be ever vigilant

For now, it's so bad out there and a depression is still possible but not probable - so I think 1.36 is the first resting place for cable and that's fragile

UK exporters must be raking it in as long as they have orders !

I had visions of declaring my UK pension at 2.14 and paying big capital gains taxes. Instead, I have enough capital losses to last me out - and at 1.38, the federal income tax is next to nowt

poor IRS - they might as well abolish capital gains as nobody will have any for years

A lot of people think this is just a bad dream and this lot will be over soon - it wont and heather mills' leg wont grow back either. Thats my prediction
  • #126,007
  • Mar 11, 2009 1:02pm Mar 11, 2009 1:02pm
Would closing the daily with another morning star mean the possibility of 1.3500 lows tomorrow?

Daily looks interesting, from not that long ago....

I like to think that trends repeat, but wouldn't that be something?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,008
  • Mar 11, 2009 1:02pm Mar 11, 2009 1:02pm
Hey buddy

I didn't tell exactly I will short from there...............I feel comfortable shorting around there ........... Don't need to put down people........I gave you credit when you deserved....... again I will tell you I am educated enough to make my decisions...... I have worked with human dynamic parameters.... where you have little time to reverse them.........otherwise irreversible consequences happens...........if you get a chance ....try go visit a emergency /critical care wards ..........so stop this f.k find someone to laugh at o.k? don't need laugh at anybody ......... when I was in college my professor used to tell me" more you learn more you get to know how much you don't know" I know I am not good at trading I am learning ..........f.........u

Quoting wormboy
short from 4500? Good luck with that.
The next time she gets up there, we'll be leaving on a jet plane to 5400.
You want to stop predicting. That will save you from blowing up the account.
BANDA333
  • #126,009
  • Mar 11, 2009 1:06pm Mar 11, 2009 1:06pm
Quoting sblank
Still looking at 3950 to 4000 if that. Then DOWN.
I agree from the level you mentioned tho. That's where the resistance is. But 4500? No chance.
Thank You
  • #126,010
  • Edited 1:25pm Mar 11, 2009 1:08pm | Edited 1:25pm
Quoting Magix
Would closing the daily with another morning star mean the possibility of 1.3500 lows tomorrow?

Daily looks interesting, from not that long ago....

I like to think that trends repeat, but wouldn't that be something?
Let see tomorrow ! Who knows bulish next week will have started by tomorrow or even today ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,011
  • Mar 11, 2009 1:09pm Mar 11, 2009 1:09pm
Quoting BANDA
Hey buddy

I...
I didn't put you down. I apologise if I offended you.
4500 is beyond the neckline for the inverted h&s on the daily from where we are right now. Look again.
Again, I apologise if you took it the wrong way.
Thank You
  • #126,012
  • Mar 11, 2009 1:15pm Mar 11, 2009 1:15pm
Quoting BANDA
Hey buddy

I...
Well you are not realy learning ,I help you to get out of your last wrong trade ,if you did listen ,and you did not even notice that ppl.here try to help you.So what did you do ?you get in again on the same level.It is up to you ,it's your money do what you want ,but if you want to learn listen sometimes to ppl.who is more experience
  • #126,013
  • Mar 11, 2009 1:21pm Mar 11, 2009 1:21pm
Quoting BANDA
Hey buddy

I didn't tell exactly I will short from there...............I feel comfortable shorting around there ........... Don't need to put down people........I gave you credit when you deserved....... again I will tell you I am educated enough to make my decisions...... I have worked with human dynamic parameters.... where you have little time to reverse them.........otherwise irreversible consequences happens...........if you get a chance ....try go visit a emergency /critical care wards ..........so stop this f.k find someone to laugh at o.k?...
I have worked with human dynamic parameters too - doing it in a mini without ripping the roof lining is pure skill.
  • #126,014
  • Mar 11, 2009 1:22pm Mar 11, 2009 1:22pm
Quoting allserene
I have worked with human dynamic parameters too - doing it in a mini without ripping the roof lining is pure skill.

Would like the illustrations and instructions on this one please. It is on my bucket list.

Thank you!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #126,015
  • Mar 11, 2009 1:23pm Mar 11, 2009 1:23pm
Quoting allserene
I have worked with human dynamic parameters too - doing it in a mini without ripping the roof lining is pure skill.
Thank You
  • #126,016
  • Mar 11, 2009 1:29pm Mar 11, 2009 1:29pm
That is also a skill...... ...........you are the man...........you are the thing buddy................. Happy?

Quoting allserene
I have worked with human dynamic parameters too - doing it in a mini without ripping the roof lining is pure skill.
BANDA333
  • #126,017
  • Mar 11, 2009 1:29pm Mar 11, 2009 1:29pm
Quoting Magix
Would like the illustrations and instructions on this one please. It is on my bucket list.

Thank you!
first, stilettos out the window, the rest is detail and described in the contortionists handbook....

I used to be engaged to a contortionist - but she broke it off !

Come on cable and git down down to parity quickly
  • #126,018
  • Mar 11, 2009 1:30pm Mar 11, 2009 1:30pm
its o.k
Quoting wormboy
I didn't put you down. I apologise if I offended you.
4500 is beyond the neckline for the inverted h&s on the daily from where we are right now. Look again.
Again, I apologise if you took it the wrong way.
BANDA333
  • #126,019
  • Mar 11, 2009 1:33pm Mar 11, 2009 1:33pm
Quoting allserene
first, stilettos out the window, the rest is detail and described in the contortionists handbook....

I used to be engaged to a contortionist - but she broke it off !

Come on cable and git down down to parity quickly
Can't beat a great sense of humor
  • #126,020
  • Mar 11, 2009 1:33pm Mar 11, 2009 1:33pm
sofia

I learn from all of you.But my longs on USD/GBP I closed green........... I have a big loosing trade that is USD/CAD I am still keeping that................I lost today only from GBP/JPY trade.........I learn from all of you!



Quoting sofia101
Well you are not realy learning ,I help you to get out of your last wrong trade ,if you did listen ,and you did not even notice that ppl.here try to help you.So what did you do ?you get in again on the same level.It is up to you ,it's your money do what you want ,but if you want to learn listen sometimes to ppl.who is more experience
BANDA333
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