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Cable Update (GBPUSD)

  • #159,681
  • Aug 20, 2009 10:58am Aug 20, 2009 10:58am
Quoting Angelina
I see GU stuck in range from 638 to 6610. My chart mixed, so I will trade the range untill see break either sides.
Hey Angelina...How's it goin' sis...
you got any trades on...
Hear the music before the song is over ...
  • #159,682
  • Aug 20, 2009 11:00am Aug 20, 2009 11:00am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hello,

which indicator works for you the best??
so many of them telling it might go up others say going down



Quoting Angelina
I see GU stuck in range from 638 to 6610. My chart mixed, so I will trade the range untill see break either sides.
  • #159,683
  • Aug 20, 2009 11:02am Aug 20, 2009 11:02am
USD/CAD at 1.27 was nice, 27% more on my transfer.
Now its not even worth thinking.
------------------------------------------------

Is it me or we have a wedge on 15 min, whit double top in it.
Volume is going down also, showing no willing to buy more...
And we just dip into last 1h base zone...

I could be wrong.

Well, little short @ 95 here, stop @ 27.
  • #159,684
  • Aug 20, 2009 11:11am Aug 20, 2009 11:11am
Hi all.
I Like to trade patterns, and usually they are not the kind of patterns that you see in the books. There is a very interesting one that is brewing at the moment that i would like to show you. As nothing else it doesnt work 100% but i think it should be paid attention to. In the first graph you will see what happened on 28-30 july and 2nd graph shows what is happening today. After briefly penetrating strong S/R level price moves away from S/R and then consolidates before making further move. In the first graph it was a bullish set up after which pound went up to 1.7xx now as far as i can see we are forming a bearish one so if the price breaks 1.6460 level it would be nice set up to go short with stop at 1.6535 targeting 1.62 at first and then probably all the way to 1.6

what you reckon.
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  • #159,685
  • Aug 20, 2009 11:11am Aug 20, 2009 11:11am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
not sure but I have a feeling we might see some action today ....

cable has done only 153pips today and euro only 57 hi/low....

this is strange either these boys are waiting for something or they are going do whatever they want to do later....
  • #159,686
  • Aug 20, 2009 11:17am Aug 20, 2009 11:17am
Quoting GlobalMacro
Hey Angelina...How's it goin' sis...
you got any trades on...
oh I got 3 trades today ^^ GU and Gj just down and up, trading range for now, how about you GM?
  • #159,687
  • Aug 20, 2009 11:20am Aug 20, 2009 11:20am
Quoting ams
Hello,

which indicator works for you the best??
so many of them telling it might go up others say going down
MA is still the best for me it tells more than 80% right ^^.The others just conform the trend right or wrong or mixed....
I see some good indicator form someone else but cant read like Malcom's one...., how about you what works best for you?
  • #159,688
  • Aug 20, 2009 11:30am Aug 20, 2009 11:30am
Quoting Angelina
oh I got 3 trades today ^^ GU and Gj just down and up, trading range for now, how about you GM?
scalper girl, huh?...lol...sounds good sounds good...
nah my style being biting away in chunks, I've been busy loading up my short positions since yesterday & gulped in a freebie at the spike right into retail sales numbers this A.M. ...now waiting for her to be real good to me...AvgPrc @ 1.6564...so already in the dough....
so you flat now, right ?
Hear the music before the song is over ...
  • #159,689
  • Aug 20, 2009 11:35am Aug 20, 2009 11:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am not much of indicators man....

They don't work :-)

I only rely on macd for divergence, that's it, rest are crap what do they tell you, overbought , oversold, lol, that doesn't mean it can't go higher or lower…sometimes it goes 200 pip either ways and suckers don't turn around for hours

Just use MA's 50,100,200 for trend direction and previous SR lines for take profit SL etc and all sorted for me...either market moves in that direction or it doesn't.... if I see hesitation in touching any of Support or Resistance I change my mood and trade accordingly. Simple as that.




Quoting Angelina
MA is still the best for me it tells more than 80% right ^^.The others just conform the trend right or wrong or mixed....
I see some good indicator form someone else but cant read like Malcom's one...., how about you what works best for you?
  • #159,690
  • Aug 20, 2009 11:41am Aug 20, 2009 11:41am
Quoting trabagwe
no kidding i am one of those people who were laid off an now can't make their house payment. that is what brought me here that is why ii am trying to learn this fast hate the place i am in right not being able to pay one's bill's is hard when you go look for a job their is nothing out there
Been there - 1995 recession. I was fired along with all management. I was offered a temporary job working in a cellar with no windows and fiddling tax for some really dodgy Pakistanis in Bradford. When I turned it down, I was told that at the age of 47, I could not afford to turn anything down and it was likely I would never work again.
I sat at home for a year with a top coat on and no heat in the house and I lived on potatoes. I wrote 750 job applications

4 years later I was being chased by employers - the wheel turns and life starts anew

At my last job I told em I would only work when it was raining as I wanted to ride my motorbike when it was nice weather. I also told em to give me a 33% raise and I would only work when I felt like it and stay at home when I didn't

After 2 years I voluntarily gave that up and retired. I feel sympathy for those at the disposal of economics and management

Keep a good spirit and it will come right eventually
  • #159,691
  • Aug 20, 2009 11:41am Aug 20, 2009 11:41am
I hope u following my chart.

Or u making your own crap
  • #159,692
  • Aug 20, 2009 11:43am Aug 20, 2009 11:43am
BEARS WILL BE SURPRISED


look at the daily chart

septermber 17th low 6275
18th low 6325 (6275-6325= 50 pips)
19th low 6375 (6325-6375= 50 pips)
today low 6451 (6375-6451= 76 pips)


now question is for today will it further go down towards 6425 to make a low or might not break lower ltl line showing it will hold as it showing bullish momentum have increased resulting major breakout upside.


I see falling wedge in hourly but still holding longs i believe it will not play much also resistance upside was not respected so many times i dont think it can effect my decision.

Might be we can see big boys entering after geithner speech.

Lets see what happends but lower ltl is well respected for the third time .

We see double bottom again in 4 hrs it happen for the third time showing end of downtrend for now.and how much bulls are tking control. I see bull overtaking situation later on.
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  • #159,693
  • Aug 20, 2009 11:43am Aug 20, 2009 11:43am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good analysis....
You might be right, generally now a days I am seeing reaction to news the next day, lol....... so sell may be tomorrow for weekly consolidation.

Also, 66000 is respected as well :-) Anyways, we will have a breakout by next week.

I am sure there is something cooking as despite all the bad numbers ftse 100 UK index ended very positive 1.4% (meaning they know what will happen to djia later) as US banks have global footprint.





Quoting pakitrader
look at the daily chart
[color=yellow]
[color=red][b]septermber...
  • #159,694
  • Aug 20, 2009 11:47am Aug 20, 2009 11:47am
Bullish trendline on 5/15min chart is being good for 30+pip scalps/reversals.

Up over 94 pips so far.
lowest draw down possible please.
  • #159,695
  • Aug 20, 2009 11:49am Aug 20, 2009 11:49am
1 thing i forgot to mention

strong twiser bottoms in 4hrs resulting end of downtrend.
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  • #159,696
  • Aug 20, 2009 11:58am Aug 20, 2009 11:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
What time is Geithner supposed to speak?

1830 or 1700 gmt/bst?
  • #159,697
  • Aug 20, 2009 12:00pm Aug 20, 2009 12:00pm
Quoting ams
What time is Geithner supposed to speak?

1830 or 1700 gmt/bst?
Started 30 min ago :>
lowest draw down possible please.
  • #159,698
  • Aug 20, 2009 12:01pm Aug 20, 2009 12:01pm
this range is never ending, between June and now the market likes 6200-6400, although it spiked above and below it a few times.
  • #159,699
  • Aug 20, 2009 12:03pm Aug 20, 2009 12:03pm
Quoting ams
What time is Geithner supposed to speak?

1830 or 1700 gmt/bst?
Treasury Sec Geithner Speaks after 30 min from now
  • #159,700
  • Aug 20, 2009 12:24pm Aug 20, 2009 12:24pm
Quoting alex1976
this range is never ending, between June and now the market likes 6200-6400, although it spiked above and below it a few times.
Mind reader I was just going to post that

If I had taken a position June 1 it would be at b/e
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