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Cable Update (GBPUSD)

  • #142,741
  • Jul 5, 2009 6:44pm Jul 5, 2009 6:44pm
Quoting forexlion
If GU breaks 6290 and stays below it then it is not going back up, 6320 is ruled out now

but if it does go to 6320 then all shorts are ruled out automatically

No, I don't think that's correct. This thing has broken 21EMA on the daily for the first time in months. No question about it, its heading down, but I would not rule out moving up a bit. As long as we are below 1.6430 short. Above it stay way to short it higher. 1.6320 can be broken easily and it would not violate the down move. Asia is just noise on this currency. Looking to short anywhere from 1.6310-1.6420.
  • #142,742
  • Jul 5, 2009 6:45pm Jul 5, 2009 6:45pm
Good morning, afternoon, evening, night to all here! It's morning here for me.


I'm also looking for a short at 1.6320 on a gap fill + down sloping trend line resistance. Could be for a quick scalp if PA doesn't show that this thing wanna tank.
  • #142,743
  • Jul 5, 2009 6:47pm Jul 5, 2009 6:47pm
Just occurred to me, we may all be right. I am looking at the entry on the 15min (backed up by the 1 and 4 hr). So, I dont need it to close at 1.6320, I just need it to touch it, maybe tease it or fondle it even Then, the one hour can go ahead and close at 1.2000 after that, and it will be fine by me. Then, everybody happy!


Quoting forexlion
If GU breaks 6290 and stays below it then it is not going back up, 6320 is ruled out now

but if it does go to 6320 then all shorts are ruled out automatically
  • #142,744
  • Jul 5, 2009 6:50pm Jul 5, 2009 6:50pm
Hey guyz , Goodmorning as the time in my country

Ipips welcome back man

Hope u all a happy trading week full of Green pips
  • #142,745
  • Jul 5, 2009 6:51pm Jul 5, 2009 6:51pm
Next Target http://1.bp.blogspot.com/_k6F43dJdrX...get%2Bsoon.gif
  • #142,746
  • Jul 5, 2009 6:53pm Jul 5, 2009 6:53pm
any one wanting to swing tradse GU please be very careful . I am holding sell for maybe a drop sub 6000

I am short everything right now ...all stops in place , gu , gj , oil , long faz , dxd short es . You get the picture

here is the gbp weekly futures and dx (USD) index daily


this week could see bid drop in markets ... if not this week withing 2-3 weeks

1st chart dx shows stopping volume off 80 .. very classic bullish reversal pattern

2nd is gbp futures .... they show MAJOR weakness on the weekly.

long / short is ok if scalping , this post is for swing traders

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg89.png Size: 223 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg90.png Size: 238 KB
Blogging daily now at www.volume.zone
  • #142,747
  • Jul 5, 2009 6:54pm Jul 5, 2009 6:54pm
Quoting roreki
Hey guyz , Goodmorning as the time in my country

Ipips welcome back man

Hope u all a happy trading week full of Green pips
hi roreki my friend, thanks! Let's all make lots of green pips this week.
  • #142,748
  • Jul 5, 2009 6:58pm Jul 5, 2009 6:58pm
Quoting forexlion
according to 1 hour t3ma, if it is broken with a candle open above it, then price will not return back down

1 hour t3ma is where we bounced off down recently and are keeping well below it.

and unless GU has any nefarious ideas, i am not expecting anything more than 6243 for monday trade
Hi Lion, could I know your T3MA settings? Is it 4-8-12-0.6128?
  • #142,749
  • Jul 5, 2009 7:01pm Jul 5, 2009 7:01pm
I am showing a close at 1.6288 on the hourly. I know you are short already, so I hope this plays out for you. Good luck, I will be watching for the moment, but leaving my order in place.
  • #142,750
  • Jul 5, 2009 7:05pm Jul 5, 2009 7:05pm
Quoting malcolmb14
any one wanting to swing tradse GU please be very careful . I am holding sell for maybe a drop sub 6000

I am short everything right now ...all stops in place , gu , gj , oil , long faz , dxd short es . You get the picture

here is the gbp weekly futures and dx (USD) index daily


this week could see bid drop in markets ... if not this week withing 2-3 weeks

1st chart dx shows stopping volume off 80 .. very classic bullish reversal pattern

2nd is gbp futures .... they show MAJOR weakness on the weekly.

long / short is ok if scalping ,...
Thanks for the warning.
  • #142,751
  • Jul 5, 2009 7:08pm Jul 5, 2009 7:08pm
Good Morning Guys...
Never Stop Learning...
  • #142,752
  • Jul 5, 2009 7:08pm Jul 5, 2009 7:08pm
Quoting Exciter135
Hi Lion, could I know your T3MA settings? Is it 4-8-12-0.6128?
.
Attached Image
  • #142,753
  • Jul 5, 2009 7:10pm Jul 5, 2009 7:10pm
Quoting chonyc
Good Morning Guys...
not just guys, there are women also here

we say

Good Morning Ladies ......... and Lada's
  • #142,754
  • Jul 5, 2009 7:17pm Jul 5, 2009 7:17pm
1.5778 will be a major support to break any major sell off, breaking this will be tough and might send GU back to 1.6660 for a consolidation move before the actual sell off
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #142,755
  • Jul 5, 2009 7:20pm Jul 5, 2009 7:20pm
I hate 6272, cause if this does not break .................... I will bang the wall on the wall
  • #142,756
  • Jul 5, 2009 7:20pm Jul 5, 2009 7:20pm
Good Morning Everybody'
it's still a bearish morning , im stuck with my last week buy@6388 TP:6480 . What should i do ??


down down in the rain sha lala laa, down down in the rain shaa laa laa laa laa..
  • #142,757
  • Jul 5, 2009 7:22pm Jul 5, 2009 7:22pm
What was your rationale for taking the trade? Are the things you saw that prompted you to make the trade still valid? If not, get out!

Quoting medsfx
Good Morning Everybody'
it's still a bearish morning , im stuck with my last week buy@6388 TP:6480 . What should i do ??


down down in the rain sha lala laa, down down in the rain shaa laa laa laa laa..
  • #142,758
  • Jul 5, 2009 7:23pm Jul 5, 2009 7:23pm
Quoting medsfx
Good Morning Everybody'
it's still a bearish morning , im stuck with my last week buy@6388 TP:6480 . What should i do ??


down down in the rain sha lala laa, down down in the rain shaa laa laa laa laa..
if you have enough margin, then hold it

scalp fresh trades
  • #142,759
  • Jul 5, 2009 7:23pm Jul 5, 2009 7:23pm
I would close that and open a short double that size cuz I see next stop 6230 from here.

Quoting medsfx
Good Morning Everybody'
it's still a bearish morning , im stuck with my last week buy@6388 TP:6480 . What should i do ??


down down in the rain sha lala laa, down down in the rain shaa laa laa laa laa..
Its all in the mind.
  • #142,760
  • Jul 5, 2009 7:25pm Jul 5, 2009 7:25pm
Quoting forexlion
I hate 6272, cause if this does not break .................... I will bang the wall on the wall
cmon break and be done with it already
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