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Cable Update (GBPUSD)

  • #157,221
  • Aug 12, 2009 8:15am Aug 12, 2009 8:15am
Quoting janela
If you only drink on Fridays, you must be very thirsty then
Hey Janela...... reward for a hard weeks work
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #157,222
  • Aug 12, 2009 8:16am Aug 12, 2009 8:16am
Quoting Bull_Bear
Hey Janela...... reward for a hard weeks work
You must be a camel
  • #157,223
  • Aug 12, 2009 8:16am Aug 12, 2009 8:16am
Quoting GlobalMacro
That's what I call taking it like a man....LOL...lots a fish in the pond...right?...
...
  • #157,224
  • Aug 12, 2009 8:18am Aug 12, 2009 8:18am
Quoting ams
These big boys are very transparent beileve me or not :-)

Whichever direction they want to move, they will start moving the market few minutes before the news in the opposite direction. Checkout for yourself look at 30 min charts from 165 to 170 and 170 to 65 ....

I think the big boys already told us where gu is heading ....at least in next 24 hours

Attached Image (click to enlarge)
Click to Enlarge Name: chart232.png Size: 173 KB
Blogging daily now at www.volume.zone
  • #157,225
  • Aug 12, 2009 8:19am Aug 12, 2009 8:19am
Quoting Bull_Bear
What happen Grass man, you were on the same train as me last night? Did she stop you out? Time to book your maria profits
am still with you...no matter how..unless dragon slayer come n kidnap my Maria...still holding my GU long @1.6454..dun worry...just today am taking GY @157.50 and not gu
  • #157,226
  • Aug 12, 2009 8:21am Aug 12, 2009 8:21am
Quoting grashid
am still with you...no matter how..unless dragon slayer come n kidnap my Maria...still holding my GU long @1.6454..dun worry...just today am taking GY @157.50 and not gu
you're in our camp Rashid bro...??

then C'mon...


Long Upside Your Head...
Long Upside Your Head...

Long Upside Your Head...
Long Upside Your Head...
Hear the music before the song is over ...
  • #157,227
  • Aug 12, 2009 8:22am Aug 12, 2009 8:22am
Quoting janela
You must be a camel
Wormie calls me Druken Master....
Attached Image
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #157,228
  • Aug 12, 2009 8:24am Aug 12, 2009 8:24am
although I'm long already from 1.64420, still would be nice if 1.65160 was broken, i'd be happy chappy

Quoting Bull_Bear
Nah, break 1.6490..... retracement well in the making
PM Me If You Need Help!
  • #157,229
  • Aug 12, 2009 8:26am Aug 12, 2009 8:26am
Quoting GlobalMacro
you're in our camp Rashid bro...??

then C'mon...


Long Upside Your Head...
Long Upside Your Head...

Long Upside Your Head...
Long Upside Your Head...
..orait mate...no problem..no matter how..let we die together...
  • #157,230
  • Aug 12, 2009 8:28am Aug 12, 2009 8:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
There intention seems long indeed...
Worrying part is only not been able to break 64800 despite in the 50 pip range from last friggin 2 days...

your volume says someone is loading surely...
BOE king also said that IR increase is not in scope soon but higer currency rate helps in controlling inflation.



Quoting malcolmb14
I think the big boys already told us where gu is heading ....at least in next 24 hours

Attachment
  • #157,231
  • Aug 12, 2009 8:28am Aug 12, 2009 8:28am
not bad? what deficit do you know of is good then? in my books, that's bad.

And if you take a look, the CAD's trade balance wasn't that good either, a sign that US didn't buy much of loonies crap. This tells me that the feds aren't ready to give us any good news, so I doubt they'll raise rates at 2:15pm EST, and keep it the same. If they know what's good for them, they'll raise it to instill "some" confidence in the market to push the USD$ higher, but I don't see that happening anytime this year.

1.68+ on the cards within the next 2-3 weeks.

Quoting ams
I agree it's not someting to be proud of but in these times focus is on less negetive data.

So yes, not good enough but certainly not bad.
PM Me If You Need Help!
  • #157,232
  • Aug 12, 2009 8:28am Aug 12, 2009 8:28am
Quoting grashid
..orait mate...no problem..no matter how..let we die together...
Ride together you mean
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #157,233
  • Aug 12, 2009 8:29am Aug 12, 2009 8:29am
Pending order for GBPUSD
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  • #157,234
  • Aug 12, 2009 8:30am Aug 12, 2009 8:30am
]
Quoting Bull_Bear
Ride together you mean
let riding togetherrrrrr..why am still holding it..H4 very nice pin bar in the last 8 hrs
  • #157,235
  • Aug 12, 2009 8:33am Aug 12, 2009 8:33am
I want to marry with any daughter of big boys. Easy so many pips
  • #157,236
  • Aug 12, 2009 8:38am Aug 12, 2009 8:38am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I would suggest reconsider your strategy.
Check 30th July when there was divergence in RSI (shown in your chart) and price made stunning high's despite that. It adjusted accordingly later.

My suggestion to you would be, only buy when RSI is 20 or less on 4 hr chart or sell when it's at 80 and forget the rest (divergence etc).

Another one, RSI hasn't dropped between 10th Aug and today despite price made new low at 1639xx.

Does that tell you something???







Quoting pdean123
Pending order for GBPUSD
  • #157,237
  • Edited 8:58am Aug 12, 2009 8:43am | Edited 8:58am
Quoting ams
There intention seems long indeed...
Worrying part is only not been able to break 64800 despite in the 50 pip range from last friggin 2 days...

your volume says someone is loading surely...
BOE king also said that IR increase is not in scope soon but higer currency rate helps in controlling inflation.
Mervyn King doesn't see controlling inflation as an immediate issue, a view which is demonstrated by the BOE's base forecast for UK CPI being one that will continuously undershoot their 2% target, hence the current loose monetary policy.
  • #157,238
  • Aug 12, 2009 8:43am Aug 12, 2009 8:43am
a better buying point is RSI at 50, not 20. and when 9,3,3 stochastic points up. Jumping in at 20 is too risky.

Quoting ams
I would suggest reconsider your strategy.
Check 30th July when there was divergence in RSI (shown in your chart) and price made stunning high's despite that. It adjusted accordingly later.

My suggestion to you would be, only buy when RSI is 20 or less on 4 hr chart or sell when it's at 80 and forget the rest (divergence etc).

Another one, RSI hasn't dropped between 10th Aug and today despite price made new low at 1639xx.

Does that tell you something???
PM Me If You Need Help!
  • #157,239
  • Aug 12, 2009 8:44am Aug 12, 2009 8:44am
H4 23.6% at 1.6540/50 will be my first target then 38.2% @ 1.6630 (if she able to reach there..other wise SL @ BE+50 will be st if she reach at that 23.6%...see in 2 hrs
  • #157,240
  • Aug 12, 2009 8:49am Aug 12, 2009 8:49am
Quoting grashid
H4 23.6% at 1.6540/50 will be my first target then 38.2% @ 1.6630 (if she able to reach there..other wise SL @ BE+50 will be st if she reack at that 23.6%...see in 2 hrs
Grass Man my Trades:

1. 1.6400 ..... SL... 1.6380.... TP 1.6550

2. 1.6470... SL ... 1.6380... TP 1.6600 & Collect my Beer from Wormie
Veni, Vidi, Vici (We came, we saw, we conquered)
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