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Cable Update (GBPUSD)

  • #131,401
  • May 6, 2009 10:54pm May 6, 2009 10:54pm
Some analysis into London.

http://jackcanadia.blogspot.com/
  • #131,402
  • May 6, 2009 11:14pm May 6, 2009 11:14pm
Here is my level chart

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 12 KB


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History Level GBPUSD

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  • #131,403
  • May 6, 2009 11:20pm May 6, 2009 11:20pm
Quoting errich fx
Here is my level chart

Attachment

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History Level GBPUSD

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Did you get back in 5150? Yesterday's short from there worked out nice eh!
  • #131,404
  • May 7, 2009 1:37am May 7, 2009 1:37am
imo price will go up
where? +100pips up?
many news today b carefull
Attached Image (click to enlarge)
Click to Enlarge Name: gu up today.gif Size: 13 KB
  • #131,405
  • May 7, 2009 1:54am May 7, 2009 1:54am
Quoting redland
imo price will go up
where? +100pips up?
many news today b carefull

Iam with U 100%
  • #131,406
  • May 7, 2009 1:56am May 7, 2009 1:56am
hey guys, if its no secret...how much pips a month does each of u average?
(only on Cable, per lot)
  • #131,407
  • May 7, 2009 2:02am May 7, 2009 2:02am
Quoting 4xHero
hey guys, if its no secret...how much pips a month does each of u average?
(only on Cable, per lot)
cca 500-550 pips on 0.4 standart lot
  • #131,408
  • May 7, 2009 2:05am May 7, 2009 2:05am
Quoting redland
imo price will go up
where? +100pips up?
many news today b carefull
Agreed. Price action is very bullish although dailies are close to over bought. I think it's in a triangle waiting for a break higher. ECB and BOE rates announcements today will have obvious impact. Don't think GBP rate will go any lower so it will be extent of QE. Will BOE hold QE or expand to the full amount?

If ECB gives any hint of QE, this will send the USD soaring, having a direct impact on cable.

If it retraces back to 1.50 - 1.5030 level, I will attempt a long, SL 1.4970.

Happy trading to all.
  • #131,409
  • May 7, 2009 2:09am May 7, 2009 2:09am
is it starting to breaking down...
i guess it will be to 150xx again.
- Always pray on your trading - God know the best for everyone
  • #131,410
  • May 7, 2009 2:15am May 7, 2009 2:15am
Quoting kingindian
is it starting to breaking down...
i guess it will be to 150xx again.
!!
  • #131,411
  • May 7, 2009 2:18am May 7, 2009 2:18am
already out..im short from last night targetting 1509x
from 1513x
small profit is enough



dont sure for this time, rebound make it up, it should fall a bit more i think
- Always pray on your trading - God know the best for everyone
  • #131,412
  • May 7, 2009 2:18am May 7, 2009 2:18am
Quoting jack.canadia
!!
Resistance at 1.51 level is very strong....
  • #131,413
  • May 7, 2009 2:23am May 7, 2009 2:23am
Quoting 4cfx
Resistance at 1.51 level is very strong....
Were you trying to buy at this level?
  • #131,414
  • May 7, 2009 2:26am May 7, 2009 2:26am
complicated right now on TF 15 there are 3 tops...i guess it means power to break up is still to low.
buying only hope for rebound although i didnt do it
for selling im not sure how many pips left for down move

better waiting
- Always pray on your trading - God know the best for everyone
  • #131,415
  • May 7, 2009 2:28am May 7, 2009 2:28am
Quoting jack.canadia
Were you trying to buy at this level?
No Jack. I'm waiting for retracement back down to at least 1.50. But now I think maybe I should wait until after the annoucements. If anything is going to send the cable tanking, it will be QE expansion and ECB QE. Both of these are not improbable. This may coincide with my interpretation of a wave c.

What's your view? The hourly chart is telling me that we could be in a c wave triangle. Do you think I'm right?
  • #131,416
  • May 7, 2009 2:34am May 7, 2009 2:34am
Quoting 4cfx
No Jack. I'm waiting for retracement back down to at least 1.50. But now I think maybe I should wait until after the annoucements. If anything is going to send the cable tanking, it will be QE expansion and ECB QE. Both of these are not improbable. This may coincide with my interpretation of a wave c.

What's your view? The hourly chart is telling me that we could be in a c wave triangle. Do you think I'm right?
I don't count waves .. I see a double top in the making ... hence I called shorts off 1.5150

The logical thing to do now is short 1.5150 if it gets there or buy a breakout above 1.5150.

To the downside you can find an hourly trendline and play with that.
  • #131,417
  • May 7, 2009 2:35am May 7, 2009 2:35am
Quoting jack.canadia
I don't count waves .. I see a double top in the making ... hence I called shorts off 1.5150

The logical thing to do now is short 1.5150 if it gets there or buy a breakout above 1.5150.

To the downside you can find an hourly trendline and play with that.
I really think this rally in equities and currencies is ending soon .. After this week, I see red.
  • #131,418
  • May 7, 2009 2:41am May 7, 2009 2:41am
I'm waiting for an hourly close below the lower trendline. Then I'll place a tentative short just below the low of that bar. See if it reaches 1.5. If the daily breaks 1.5 it'll be a sell of the low of that, big time. Thank you very much.

Either way there's going to be a great break out trade soon. Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1090507.gif Size: 16 KB
Gone to a better place
  • #131,419
  • May 7, 2009 2:43am May 7, 2009 2:43am
Quoting jack.canadia
I really think this rally in equities and currencies is ending soon .. After this week, I see red.
This agrees with the delta count under which cable is due for a big trend downwards around now.

I'm not familiar with Delta Trading but this is what someone else posted and he's pretty good.
  • #131,420
  • May 7, 2009 2:46am May 7, 2009 2:46am
Quoting 4cfx
This agrees with the delta count under which cable is due for a big trend downwards around now.

I'm not familiar with Delta Trading but this is what someone else posted and he's pretty good.
Yeah I am also looking to take a long position in USD/CAD as well ..

Will know more after this week is over.

Its bed time. ciao.
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