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Cable Update (GBPUSD)

  • #126,801
  • Mar 17, 2009 5:49am Mar 17, 2009 5:49am
Quoting daffy
agreed, that's how I see the thread too, particularly the bits about sharing, information, charts, education and banter, and the exclusion of nonsense.

guess I'm just easy going.
  • #126,802
  • Mar 17, 2009 5:50am Mar 17, 2009 5:50am
Quoting Amirshad
So Sorry !!! it's a SECRET !!!
ALWAYS REMEMBER !!!
MARKET MAKERS DETERMINE the prices not CHARTS !!!
I mean no disrespect but I have a question.

If by "market makers" you mean the BIG Money folks, then why did it take over 12 hours to "Trickle" down to it's low of 4018?

I would think if the big money boys were throwing their money in, it would move much faster. No?

Thanks
Ghost Rider - WWTBMD?
  • #126,803
  • Mar 17, 2009 5:52am Mar 17, 2009 5:52am
:nerd: Nice rebounce on yellow fibo fan !
Attached Image (click to enlarge)
Click to Enlarge Name: 170309.gif Size: 82 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,804
  • Mar 17, 2009 5:57am Mar 17, 2009 5:57am
Dear Manzine

What is your view for today man,,,and will we go down for a retest of 1.3500 and break it getting new YTD low,,,,or we will break 1.4300 resistance and will go up?

I am in two shorting postions since 1.4375,,,and I put my TP at 1.3510,,,he go to 1.3650 and return up again,,,,,,will I get my TP soon ?



Quoting manize
:nerd: Nice rebounce on yellow fibo fan !
  • #126,805
  • Mar 17, 2009 6:12am Mar 17, 2009 6:12am
Quoting mohfaid
Dear Manzine

What is your view for today man,,,and will we go down for a retest of 1.3500 and break it getting new YTD low,,,,or we will break 1.4300 resistance and will go up?

I am in two shorting postions since 1.4375,,,and I put my TP at 1.3510,,,he go to 1.3650 and return up again,,,,,,will I get my TP soon ?
OMG, why didn't you put SL ?

In my view if the Daily Candle opens/closes below 1.4074 and performs an evening star or enguilfing, high posible will fall huge down to your TP.

Evaluate your MM bro !
Attached Image (click to enlarge)
Click to Enlarge Name: 170309a.gif Size: 68 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,806
  • Mar 17, 2009 6:13am Mar 17, 2009 6:13am
Quoting manize
:nerd: Nice rebounce on yellow fibo fan !
Good morning Manize

Those Fibo fan certainly seem to be working today. It has also just bounced down from the March 15 low and also the 78.6 recent retracement. great stuff!!
  • #126,807
  • Mar 17, 2009 6:15am Mar 17, 2009 6:15am
Quoting mohfaid
Dear Manzine

What is your view for today man,,,and will we go down for a retest of 1.3500 and break it getting new YTD low,,,,or we will break 1.4300 resistance and will go up?

I am in two shorting postions since 1.4375,,,and I put my TP at 1.3510,,,he go to 1.3650 and return up again,,,,,,will I get my TP soon ?
Are you holding short from Feb 25th !!!
  • #126,808
  • Mar 17, 2009 6:16am Mar 17, 2009 6:16am
Quoting manize
OMG, why didn't you put SL ?

In my view if the Daily Candle open/close ( below 1.4074) and performs an evening star or enguilfing, high posible will fall huge down to your TP.

Evaluate your MM bro !
damn i have the buy one.........
  • #126,809
  • Mar 17, 2009 6:18am Mar 17, 2009 6:18am
Quoting Barny
Good morning Manize

Those Fibo fan certainly seem to be working today. It has also just bounced down from the March 15 low and also the 78.6 recent retracement. great stuff!!
Good morning ! But I don't sure it will able to support for the 4th rebounce !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,810
  • Mar 17, 2009 6:23am Mar 17, 2009 6:23am
Quoting manize
But I don't sure it will able to support for the 4th rebounce !
I think you may be correct. I find that generally when a retrace hits the 78.6 and falls away from it. it carries on down. Let wait and see
  • #126,811
  • Mar 17, 2009 6:26am Mar 17, 2009 6:26am
Nezar

Kefak man,,,I am mohamed from Egypt

Yes man,,I am a long term trader

What is your view for the coming days move?,,I saw we may get a new YTD low may be arround 1.3300,,,,,,What is your brother ?

Quoting Abuawad
Are you holding short from Feb 25th !!!
  • #126,812
  • Mar 17, 2009 6:27am Mar 17, 2009 6:27am
Morning everyone.

My view is unchanged from last night i expect further weakness in cable, heres why.

4hr Bearish engulfing, huge rejection from 4100 area on the 15min forming a pin.

The footsie is stalling out forming a H&S s can be seen in chart.

EG is looking bullish once again back above a rising trendline going back to the 5th March.
Attached Image (click to enlarge)
Click to Enlarge Name: equity.gif Size: 46 KB
  • #126,813
  • Mar 17, 2009 6:31am Mar 17, 2009 6:31am
Quoting dashboard
damn i have the buy one.........
No one can predict precisely. If I were you I secure at any green pips ! No greedy just would like to play safe !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,814
  • Mar 17, 2009 6:33am Mar 17, 2009 6:33am
[quote=PipLand;2608490]Morning everyone.

Quote
My view is unchanged from last night i expect further weakness in cable, heres why.

Nice stuff PIP. Your chart is also showing some nice price divergence with the MACD. Something I generally watch just I don't tend to look at FTSE that much, so much appreciated to see this correlation !!
  • #126,815
  • Mar 17, 2009 6:37am Mar 17, 2009 6:37am
Quoting mohfaid
Nezar

Kefak man,,,I am mohamed from Egypt

Yes man,,I am a long term trader

What is your view for the coming days move?,,I saw we may get a new YTD low may be arround 1.3300,,,,,,What is your brother ?
Ahleen Mohammad,

here are my targets in Yellow...
Attached Image (click to enlarge)
Click to Enlarge Name: yellow targets.gif Size: 21 KB
  • #126,816
  • Mar 17, 2009 6:38am Mar 17, 2009 6:38am
My brain can not read your chart
How many indi inside?

Quoting manize
:nerd: Nice rebounce on yellow fibo fan !
Gold is Money but Money is not Gold
  • #126,817
  • Mar 17, 2009 6:48am Mar 17, 2009 6:48am
Quoting zamah
My brain can not read your chart
How many indi inside?
Hahahahahaha .... too much lines ? Please identify, you will see that the lines are the resistance and support ! Many of them a strong supp/res or weak !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,818
  • Mar 17, 2009 6:53am Mar 17, 2009 6:53am
[quote=Barny;2608504]
Quoting PipLand
Morning everyone.



Nice stuff PIP. Your chart is also showing some nice price divergence with the MACD. Something I generally watch just I don't tend to look at FTSE that much, so much appreciated to see this correlation !!
Your welcome Barny! In short cable is still correlated closely to the Dow. The footsie and the dow tend to mimic each others movements during the day.

I also believe many trading desks are now looking to sell the dollar longer term and will most likely use any equity rallies to do this, just my thoughts
  • #126,819
  • Mar 17, 2009 6:54am Mar 17, 2009 6:54am
Quoting PipLand
Morning everyone.

My view is unchanged from last night i expect further weakness in cable, heres why.

4hr Bearish engulfing, huge rejection from 4100 area on the 15min forming a pin.

The footsie is stalling out forming a H&S s can be seen in chart.

EG is looking bullish once again back above a rising trendline going back to the 5th March.
Agree Pip, the daily candle also start to perform engulfing. Let see untill it closes, if the current perfomance would have hold, huge fall will come tomorrow or even today !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,820
  • Mar 17, 2009 7:03am Mar 17, 2009 7:03am
Quoting manize
Agree Pip, the daily candle also start to perform engulfing. Let see untill it closes, if the current perfomance would have hold, huge fall will come tomorrow or even today !
lol I was just about to say I dont expect it today until i looked up at my screen LOL
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