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Cable Update (GBPUSD)

  • #155,081
  • Aug 5, 2009 1:29am Aug 5, 2009 1:29am
Hello, all) What about gbpusd - i see flat!
  • #155,082
  • Aug 5, 2009 1:30am Aug 5, 2009 1:30am
Quoting malcolmb14
high vol doji thingy ...long 6910

target ??maybe 6950

they are really playing with gu right now... high risk trade ....

Attachment
Hi Risk yes, correct yes.
well done
  • #155,083
  • Aug 5, 2009 1:32am Aug 5, 2009 1:32am
Quoting albchr
Right there with ya Mal. 6910
I have pretty fair resistance at 6932. Get past it and I think we'll see 6950

But I'm already at BE just in case...lol
Ghost Rider - WWTBMD?
  • #155,084
  • Aug 5, 2009 1:33am Aug 5, 2009 1:33am
Quoting asyed4
Thanks Ifty to remind that and with the help of GOD one out of 3 three news got down with +ve and we still have 2 more news left but it seems like both news at 4:30 am expectations towards positive (GOD knows the best)....

Thanks,

Alqaz Syed.
. Trade easy bro. GU is so crazy these days and very unpredictable. Make sure you place your SL NO MATTER WHAT.
You've got to be IN IT to WIN IT!
  • #155,085
  • Aug 5, 2009 1:35am Aug 5, 2009 1:35am
Quoting malcolmb14
now if remaining news was bad , the pros would be using this good news , under low volume conditions to spike GU 50 pips , so that later they could sell at discount.

It is odd how there seems to be sellers sitting right around 1.6925 , not allowing this to go up
Which one is better strategy? Buy on dip or sell on rally. I'm inclined to the later one. Looking for 15-20 pips per trade.

Your insight very much appreciated.
Great Bodies are Engineered not Born
  • #155,086
  • Aug 5, 2009 1:35am Aug 5, 2009 1:35am
Quoting leesm
So u mean after it open, price might go up?
Yes because there are altogether 2 news are good so far GfK consumer confidence (brown importance) and Halifax (red importance). So before 4:30 am this thing might go towards 70. The odds are if 4:30 am news are bad then it might go down after 4:30 am. It is right now 2:34 am eastern time. What I will do have an alaram by 4:20 am and see where the price goes then I will go accordingly... My positons are @ 1.6920 (average)....
  • #155,087
  • Aug 5, 2009 1:38am Aug 5, 2009 1:38am
Hi all fraindes here.. i am limiting pending order Buy @ 1.6888

its 38.2% fibo level .
Never sell @ lower upward channel unless breacked and vise versa .
  • #155,088
  • Aug 5, 2009 1:39am Aug 5, 2009 1:39am
Quoting albchr
I have pretty fair resistance at 6932. Get past it and I think we'll see 6950

But I'm already at BE just in case...lol

LOL...stopped at BE
Ghost Rider - WWTBMD?
  • #155,089
  • Aug 5, 2009 1:42am Aug 5, 2009 1:42am
get in bears ... I need to get paid
Thank You
  • #155,090
  • Aug 5, 2009 1:43am Aug 5, 2009 1:43am
Quoting RichLadyFX
Which one is better strategy? Buy on dip or sell on rally. I'm inclined to the later one. Looking for 15-20 pips per trade.

Your insight very much appreciated.
stay out till london .. insurers had bad earnings uk and france

could drop markets
Blogging daily now at www.volume.zone
  • #155,091
  • Aug 5, 2009 1:45am Aug 5, 2009 1:45am
Quoting wormboy
get in bears ... I need to get paid
I don't know buddy. I have a few things telling me this might go up today. I'm looking for a long around the 6987ish mark myself. 15M

Sure is wishy washy in this range though...
Ghost Rider - WWTBMD?
  • #155,092
  • Aug 5, 2009 1:45am Aug 5, 2009 1:45am
G'day all - see this things still not going anywhere.....
  • #155,093
  • Aug 5, 2009 1:49am Aug 5, 2009 1:49am
Quoting albchr
I don't know buddy. I have a few things telling me this might go up today. I'm looking for a long around the 6987ish mark myself. 15M

Sure is wishy washy in this range though...

imagine someone grabbing your head and rattling it side to side and back n forth ... you would be dizzy as hell . That is what they are doing with price ... shaking everyone out of the market ..longs and shorts
Blogging daily now at www.volume.zone
  • #155,094
  • Aug 5, 2009 1:51am Aug 5, 2009 1:51am
Quoting malcolmb14
imagine someone grabbing your head and rattling it side to side and back n forth ... you would be dizzy as hell . That is what they are doing with price ... shaking everyone out of the market ..longs and shorts
Agreed....

But I also think we have an honest battle between the bulls and bears. Bulls obviously want to see it go past 7000 and the bears are saying, no retrace yet? no way...LOL
Ghost Rider - WWTBMD?
  • #155,095
  • Aug 5, 2009 1:53am Aug 5, 2009 1:53am
Morning All,

loading up some more longs...man I'm hungry....
c u later ...
Hear the music before the song is over ...
  • #155,096
  • Aug 5, 2009 1:54am Aug 5, 2009 1:54am
Quoting GlobalMacro
Morning All,

loading up some more longs...man I'm hungry....
c u later ...
LOL...morning GM.
Ghost Rider - WWTBMD?
  • #155,097
  • Aug 5, 2009 1:56am Aug 5, 2009 1:56am
Quoting malcolmb14
imagine someone grabbing your head and rattling it side to side and back n forth ... you would be dizzy as hell . That is what they are doing with price ... shaking everyone out of the market ..longs and shorts
LOL Malcolmb, but just look at the levels its bouncing between as they shake it - on low volumes - the 950, 925, MS1, then almost down to the 00 before a bounce the 935 / days open, back to the 00.....great for 1m / 3m hit and run trading.....but you already know that.....
Trading Levels with WRBs
  • #155,098
  • Aug 5, 2009 1:58am Aug 5, 2009 1:58am
Quoting albchr
Agreed....

But I also think we have an honest battle between the bulls and bears. Bulls obviously want to see it go past 7000 and the bears are saying, no retrace yet? no way...LOL
market is overbought and is now neutralizing to make a further move up most likely..professionall traders (and i mean this with the greatest respect) will be looking for a break in the direction of the trend..that is why when it breaks down seller are very few..IMHO

What we are seeing is called MACD neutralization..upper target is not reached yet, but dailly isnt looking so wonderfull..boardening traingle developing on 4hrs..this will get dirty
  • #155,099
  • Aug 5, 2009 1:59am Aug 5, 2009 1:59am
Quoting malcolmb14
imagine someone grabbing your head and rattling it side to side and back n forth ... you would be dizzy as hell . That is what they are doing with price ... shaking everyone out of the market ..longs and shorts
LOL. Thanks bro, needed that to wake me up .
You've got to be IN IT to WIN IT!
  • #155,100
  • Aug 5, 2009 2:02am Aug 5, 2009 2:02am
Quoting Ifty
LOL. Thanks bro, needed that to wake me up .
I am still awake and I couldn't find the alaram clock yet but now the London opens and it seems like she is going back to 1.6930 area but hey it's back to 1.6922. I totally agree with Malcomb it is making mango shake and I think for the last 1 hour it came back and forth 3 or 4 times and it is really crazy right now.....
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