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Cable Update (GBPUSD)

  • #149,521
  • Jul 22, 2009 2:01pm Jul 22, 2009 2:01pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting pujolshomerun
When do you think this painful and boring range will over. Being in 1.61-1.65 for months is really tiring. Please go up or down. It's really painful.
Hi how is trading now. pleased to know u are back...possibly more stronger.

market is just ranging as seen in daily tf...There's a possibility of a break out. but which direction ?
I like the Big Dogs because I trade like them
  • #149,522
  • Jul 22, 2009 2:02pm Jul 22, 2009 2:02pm
Today is bullish no?
  • #149,523
  • Jul 22, 2009 2:04pm Jul 22, 2009 2:04pm
Quoting pujolshomerun
When do you think this painful and boring range will over. Being in 1.61-1.65 for months is really tiring. Please go up or down. It's really painful.
To me, the market is always in a range. It's just the size of the range that varies.
Ghost Rider - WWTBMD?
  • #149,524
  • Jul 22, 2009 2:05pm Jul 22, 2009 2:05pm
I suppose the markets not going to make it easy for us it certainly looked possible at one stage,lol,
I need price to keep up till close to keep my view.
Quoting albchr
Me too buddy, I was looking for 6220 final TP...LOL
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,525
  • Jul 22, 2009 2:05pm Jul 22, 2009 2:05pm
Quoting Bones
Todays candle looks bullish to me and the hourly candle that looks like a pin is weakened by lower wick,
Im actually a little supprised as to how far we came up today.
I got stopped out from a short which I entered at 1.6480, SL was at 1.6505 and I got stopped to the pip (completely forgot to add some pips for the spread, doh).

Anyway, I entered short again from 1.6495. Good that she has gone in the right direction, but I'm concerned about this bullish daily pin bar (if indeed it closes that way).
  • #149,526
  • Jul 22, 2009 2:13pm Jul 22, 2009 2:13pm
Pinbar inside bar ( the other way around for once!!!) is about to trigger. Not trading till new daily bar or london / not sure yet.

Listen to zane lowes radio 1 session if you wan good banter while the pro's show their hands.

Night all.
  • #149,527
  • Jul 22, 2009 2:15pm Jul 22, 2009 2:15pm
Quoting Bones
I suppose the markets not going to make it easy for us it certainly looked possible at one stage,lol,
I need price to keep up till close to keep my view.

By this daily with TL's like WB's (I'm learning), I'm almost more inclined to think this will break out to the upside as it's been rising off the lower trend line??
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Ghost Rider - WWTBMD?
  • #149,528
  • Jul 22, 2009 2:17pm Jul 22, 2009 2:17pm
Yea got to watch close,if the candle is full and green ,small upper wick ,id be very surprised if we then had a negative daily tomorrow,macd is dragging price down as we speak...

Quoting uksnowman
I got stopped out from a short which I entered at 1.6480, SL was at 1.6505 and I got stopped to the pip (completely forgot to add some pips for the spread, doh).

Anyway, I entered short again from 1.6495. Good that she has gone in the right direction, but I'm concerned about this bullish daily pin bar (if indeed it closes that way).
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,529
  • Jul 22, 2009 2:20pm Jul 22, 2009 2:20pm
Quoting KillPhil08
Pinbar inside bar ( the other way around for once!!!) is about to trigger. Not trading till new daily bar or london / not sure yet.

Listen to zane lowes radio 1 session if you wan good banter while the pro's show their hands.

Night all.
Cheers Phil
  • #149,530
  • Jul 22, 2009 2:22pm Jul 22, 2009 2:22pm
Quoting Bones
Yea got to watch close,if the candle is full and green ,small upper wick ,id be very surprised if we then had a negative daily tomorrow,macd is dragging price down as we speak...
Yeah I was just watching that and thought it might hit my sell point of 6440...LOL Nope, at least not yet.
Ghost Rider - WWTBMD?
  • #149,531
  • Jul 22, 2009 2:24pm Jul 22, 2009 2:24pm
the earnings season out of the US sure has givne for voltile market conditions.... not time to be guessing the long trerm direction if you do not like draw down .

Each session seems to give a new direction . The news today is that Goldman sachs gives back money to tarp plus 23%. LOL .... they STEAL 100 million a day based on market manipulation FACT. .. so what are they up to now ? is the market moving up based on the financial terroists goldman sachs paying a supposed annualized rate of 23% to the government ... geez they are just grasping at anything now.

other banks like BOA ,well fargo giving warnings about credit issues ....and hey how much of their tarp have they paid back and what did the tax payers get back ? nothing as far as I know.

CIT does not get a boat load of money by august they file for bakruptcy ...hold on did they not just get 3 billion in financing form bond holders ? did they spend all that already ???

The last time we had this could of reading on the VIX was right before the collpase of the US stocks markets

here is 4 hour GU...we could be forming right shoulder with trip to 6235 bottom of range test or breakout to test 1.6700 . 1.6480 to 1.6510 is key level

I am just traidng session to session and getting what ever I am given . Yes I am not making boat loads of pips ... but in this crazy market i get 50 pips in 2 hour of being in the market I am MORE than happy

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Blogging daily now at www.volume.zone
  • #149,532
  • Jul 22, 2009 2:26pm Jul 22, 2009 2:26pm
I was thinking we might bounce off 6440 area its the daily pivot.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #149,533
  • Jul 22, 2009 2:28pm Jul 22, 2009 2:28pm
Quoting malcolmb14
the earnings season out of the US sure has givne for voltile market conditions.... not time to be guessing the long trerm direction if you do not like draw down .

Each session seems to give a new direction . The news today is that Goldman sachs gives back money to tarp plus 23%. LOL .... they STEAL 100 million a day based on market manipulation FACT. .. so what are they up to now ? is the market moving up based on the financial terroists goldman sachs paying a supposed annualized rate of 23% to the government ... geez they are just grasping at...
Good say and analysis as always .. Malc.
  • #149,534
  • Jul 22, 2009 2:29pm Jul 22, 2009 2:29pm
Does anyone see a cup and handle formation on the weekly?


Better safe than sorry
  • #149,535
  • Jul 22, 2009 2:32pm Jul 22, 2009 2:32pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
price might return to bigger channel ( A) if it breaks 1.6511 and may rreverse at 1.6554s OR return to ( b) the new down trend, if it has enough weight to break 1. 6383 for a free fall.But the SHS in 4h favours down .maybe
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I like the Big Dogs because I trade like them
  • #149,536
  • Jul 22, 2009 2:37pm Jul 22, 2009 2:37pm
Quoting zykas
price might return to bigger channel ( A) if it breaks 1.6511 and may rreverse at 1.6554s OR return to ( b) the new down trend, if it has enough weight to break 1. 6383 for a free fall.But the SHS in 4h favours down .maybe
look back at three posts before yours .. this is exactly what i just said
Blogging daily now at www.volume.zone
  • #149,537
  • Jul 22, 2009 3:02pm Jul 22, 2009 3:02pm
Quoting cdforex
Does anyone see a cup and handle formation on the weekly?

A low below 147 and we are set to 143-135
  • #149,538
  • Jul 22, 2009 3:02pm Jul 22, 2009 3:02pm
dayly for me still trading range, no breaking any sides yet.

Angel.
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  • #149,539
  • Jul 22, 2009 3:09pm Jul 22, 2009 3:09pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting malcolmb14
look back at three posts before yours .. this is exactly what i just said
I posted the same chart about 3hrs ago, Im only adding to it . congrate for your analysis.more pips
I like the Big Dogs because I trade like them
  • #149,540
  • Jul 22, 2009 3:31pm Jul 22, 2009 3:31pm
Angelina, are you on messenger?
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