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Cable Update (GBPUSD)

  • #155,081
  • Aug 4, 2009 11:29pm Aug 4, 2009 11:29pm
Hello, all) What about gbpusd - i see flat!
  • #155,082
  • Aug 4, 2009 11:30pm Aug 4, 2009 11:30pm
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 4, 2009 11:32pm Aug 4, 2009 11:32pm
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 4, 2009 11:33pm Aug 4, 2009 11:33pm
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 4, 2009 11:35pm Aug 4, 2009 11:35pm
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 4, 2009 11:35pm Aug 4, 2009 11:35pm
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 4, 2009 11:38pm Aug 4, 2009 11:38pm
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 4, 2009 11:39pm Aug 4, 2009 11:39pm
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 4, 2009 11:42pm Aug 4, 2009 11:42pm
get in bears ... I need to get paid
Thank You
  • #155,090
  • Aug 4, 2009 11:43pm Aug 4, 2009 11:43pm
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 4, 2009 11:45pm Aug 4, 2009 11:45pm
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 4, 2009 11:45pm Aug 4, 2009 11:45pm
G'day all - see this things still not going anywhere.....
  • #155,093
  • Aug 4, 2009 11:49pm Aug 4, 2009 11:49pm
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 4, 2009 11:51pm Aug 4, 2009 11:51pm
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 4, 2009 11:53pm Aug 4, 2009 11:53pm
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 4, 2009 11:54pm Aug 4, 2009 11:54pm
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 4, 2009 11:56pm Aug 4, 2009 11:56pm
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 4, 2009 11:58pm Aug 4, 2009 11:58pm
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 4, 2009 11:59pm Aug 4, 2009 11:59pm
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 12:02am Aug 5, 2009 12:02am
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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