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Cable Update (GBPUSD)

  • #126,381
  • Mar 13, 2009 4:28am Mar 13, 2009 4:28am
INZIDER

Did you get that confluence. Maybe only a brief retrace BUT it happened at 261.8 off last nights high, 61.8 off 6 Mar high, 38.2 of Febuary high. Certainly worth a punt don't you think?
  • #126,382
  • Mar 13, 2009 4:28am Mar 13, 2009 4:28am
Quoting wormboy
for me to make early weekend preparations that's what
A close above this and I'm out.
I need to remember we don't trade the same system.
We don't look at a chart the same way.

-------------------------

EU haven't shoot up at all... Hum!....
  • #126,383
  • Mar 13, 2009 4:31am Mar 13, 2009 4:31am
Quoting Barny
INZIDER

Did you get that confluence. Maybe only a brief retrace BUT it happened at 261.8 off last nights high, 61.8 off 6 Mar high, 38.2 of Febuary high. Certainly worth a punt don't you think?

Exellent fibs call!!
1.4058 Look to be worth 99%!!

I got 1.27 on 15 for yesterday HL
1h chart 78.6 from 1.4300 and 1.3650
4h 38.2 from 1.4660 and 1.3650
daily 23.6 from 1.5122 / 1.3502

I'm short from 1.4040
You took it?
  • #126,384
  • Mar 13, 2009 4:32am Mar 13, 2009 4:32am
4030 holding out nicely. Come on bears. Get in!!
Thank You
  • #126,385
  • Mar 13, 2009 4:33am Mar 13, 2009 4:33am
Cable reject by the line and in the same time by the last month low at 1.4050 on the 1H candle last close below it and the new candle open below it even more than 30 pips at 1.4019
Attached Image (click to enlarge)
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  • #126,386
  • Mar 13, 2009 4:38am Mar 13, 2009 4:38am
Good morning all

WOW! Did I miss the NASA anouncement?? LOL
Ghost Rider - WWTBMD?
  • #126,387
  • Mar 13, 2009 4:40am Mar 13, 2009 4:40am
Quoting Inzider
Exellent fibs call!!
1.4058 Look to be worth 99%!!

I got 1.27 on 15 for yesterday HL
1h chart 78.6 from 1.4300 and 1.3650
4h 38.2 from 1.4660 and 1.3650
daily 23.6 from 1.5122 / 1.3502

I'm short from 1.4040
You took it?
Great entry, just on the down open of the 5min YES? Keeeps the SL to a minimum. I use the same entry technique and look for confirmation of continuation under the 5min 8MA
  • #126,388
  • Mar 13, 2009 4:40am Mar 13, 2009 4:40am
H&S on 1 min.... neckline 1.4010... below that we'll be safe for now i think.
  • #126,389
  • Mar 13, 2009 4:41am Mar 13, 2009 4:41am
Quoting albchr
Good morning all

WOW! Did I miss the NASA anouncement?? LOL
Acutely thats was because of the china speaker....
  • #126,390
  • Mar 13, 2009 4:43am Mar 13, 2009 4:43am
after promtley breaking through 4040 on cable after a news wire said there was resistance where do you think the next once is 4100?
  • #126,391
  • Mar 13, 2009 4:43am Mar 13, 2009 4:43am
Quoting Barny
Great entry, just on the down open of the 5min YES? Keeeps the SL to a minimum. I use the same entry technique and look for confirmation of continuation under the 5min 8MA
exacly yes!
pin point on 5, sometime on 1...

RRR ratio is awsome like this!
i use 5 ema on 5 ...
10 ema on 1
  • #126,392
  • Mar 13, 2009 4:45am Mar 13, 2009 4:45am
Quoting Inzider
I need to remember we don't trade the same system.
We don't look at a chart the same way.

-------------------------

EU haven't shoot up at all... Hum!....
All good brother. 4030 holds, let's see if she goes back down.
Thank You
  • #126,393
  • Mar 13, 2009 4:46am Mar 13, 2009 4:46am
Quoting Barny
Great entry, just on the down open of the 5min YES? Keeeps the SL to a minimum. I use the same entry technique and look for confirmation of continuation under the 5min 8MA
If this continues down I am looking for 1-2-3 wave pattern down turning on the fibs then back up to the US open then down during the US day. Poosible first stop around the 14000 and 38.2/61.8 confluence. What say you?
  • #126,394
  • Mar 13, 2009 4:48am Mar 13, 2009 4:48am
Morning, folks
I am observing nice looking bearish pin forming on 1H. 13 min to go before making decision.
  • #126,395
  • Mar 13, 2009 4:49am Mar 13, 2009 4:49am
Quoting Abuawad
Acutely thats was because of the china speaker....
And I actually decided to get some sleep last night. Silly me. Guess I'll have to go read what he said. I'm thinking perhaps they decided not to buy any more US debt?
Ghost Rider - WWTBMD?
  • #126,396
  • Mar 13, 2009 4:50am Mar 13, 2009 4:50am
Quoting Barny
If this continues down I am looking for 1-2-3 wave pattern down turning on the fibs then back up to the US open then down during the US day. Poosible first stop around the 14000 and 38.2/61.8 confluence. What say you?
You got me there, ain't sure witch Tf your looking at!
  • #126,397
  • Mar 13, 2009 5:02am Mar 13, 2009 5:02am
Quoting Inzider
You got me there, ain't sure witch Tf your looking at!
Ooops!! left that bit out. Sorry! Looking at UK Time 7:00 a.m low up to 9:15 high 15 min or 5 min will do for working the short term fibs. As another aside, I often watch a thing call a DOUBLE REPRO by Joe Dinapoli. It is simply a 3 period MA displaced forwards by 3. When there has been a long run up or down (lets say up for this example) when the price falls below the 3 by 3 and closes (5min chart) wait for it to go back up and close above it. Then when it closes below it again it should fall faster. If it doesn't then this is classed as a failure and would go higher. This also works going down as well. Not 100% but just something to keep you a bit safer.
  • #126,398
  • Mar 13, 2009 5:02am Mar 13, 2009 5:02am
Just a fundamental money flow spin to add to your thoughts that I found interesting:

Japan is one of the largest holders of foreign debt (18% of UST's )and purchase of them increases money flow out of the yen so devaluing the currency.

With the UK Gilt auction this week, the settlement date /time is 10:30 UK today for a large amount of £4.35B. This ties in quite well with the timing and flow of monies we have seen this morning but does imply that we may see the upper limit by 10.30. I will wait till after then for a short position on Geppy or Cable as...

This afternoon too, we see the settlement of a very successful US treasuries auction of $11B. This may imply further investment on $Yen pushing that pair higher. But also as the UK investors own 11% (3rd largest) of US debt, it is likely that some of the money flow may be from £-$ setting up nicely for a cable short.

These are neccessary movements of large sums with time deadlines...

I still see some upside during the start of the US session for $Yen.

Just a thought to back the technicals...
Ride the Bulls bearback!
  • #126,399
  • Mar 13, 2009 5:14am Mar 13, 2009 5:14am
[quote=alcando;2601355]Just a fundamental money flow spin to add to your thoughts that I found interesting:

That is serious stuff ALCA... I would imagine some moves because of it. Great to have a guy on the forum that injects this kind of info especially for us that trader intraday. That stuff must come from a very professional source. keep it up!! Thanks
  • #126,400
  • Mar 13, 2009 5:16am Mar 13, 2009 5:16am
helllo

the cable must broke 1.4087 to continue go up or it will fall again
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