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Cable Update (GBPUSD)

  • #163,501
  • Sep 4, 2009 5:42am Sep 4, 2009 5:42am
Quoting gammase1
Done. So now let's move on...
YES, PLEASE....
Ghost Rider - WWTBMD?
  • #163,502
  • Sep 4, 2009 5:48am Sep 4, 2009 5:48am
Quoting albchr
YES, PLEASE....
what you guys don't wanna learn?...hmmm...very disappointed...

Turveyd....I wanna learn....tell us what do you think about PA on M1 right now...
Hear the music before the song is over ...
  • #163,503
  • Sep 4, 2009 5:50am Sep 4, 2009 5:50am
Quoting gammase1


No, it's a fruitless debate, arguing over individual trading styles.
Agreed Gam man

Its all about the green pips..... nothing else. opps BEER money
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,504
  • Sep 4, 2009 5:52am Sep 4, 2009 5:52am
Quoting GlobalMacro
what you guys don't wanna learn?...hmmm...very disappointed...
Bro you know what I'm like when I try to learn something new. Can you not recall my da ja vu?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #163,505
  • Sep 4, 2009 5:57am Sep 4, 2009 5:57am
Quoting Bull_Bear
Bro you know what I'm like when I try to learn something new. Can you not recall my da ja vu?
bro that's because you're living in that H4 Matrix...all the more reason for you to learn the real flow....

Turveyd...we got time, 1 1/2 hours to be exact...enlighten us please!
Hear the music before the song is over ...
  • #163,506
  • Sep 4, 2009 5:59am Sep 4, 2009 5:59am
Quoting GlobalMacro
I'm asking you a serious question here...what do you think about this chart...?...

Try this chart, go long near the magenta line 600sma and repeat that setups been working nicely all morning

Hope no ones short so far!!
Attached Image (click to enlarge)
Click to Enlarge Name: try this chart go long near the magenta line.gif Size: 26 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #163,507
  • Sep 4, 2009 5:59am Sep 4, 2009 5:59am
Quoting GlobalMacro
what you guys don't wanna learn?...hmmm...very disappointed......
lol...I have enough studying to do thanks...:nerd:
Ghost Rider - WWTBMD?
  • #163,508
  • Sep 4, 2009 6:00am Sep 4, 2009 6:00am
Quoting samdani786
Hi DT What you think about EURO/JPY ?
Looks like a potential up move. Bounce from LTL on daily, but needs to clear shaded areas shown on chart for major breakout. I favour longs, but would wait until after NFP for confirmation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy1.gif Size: 18 KB
Click to Enlarge Name: eurjpy2.gif Size: 23 KB
  • #163,509
  • Sep 4, 2009 6:05am Sep 4, 2009 6:05am
Notwithstanding the strange reaction to the better than forecast actual -247k NFP last mth when cable immediately rallied, sold off, rallied strongly again, then sold off again, this month sees a forecast consensus around -230k and conventional wisdom has it (depending on revisions, manuf losses/gains, and un-emp rate move) that if -230k or below and un-emp stays stable @ -9.4% even a small increase to -9.5%, $ might garnish some support from this. Any actual # above say -300k might see $ sell off, particularly with a rise in un-emmp rate and negative revisions to last mth etc.

Of course the big variables are the other factors in brackets above and of course the deviation of the actual # ('s) from the forecasts, and anything can happen.

I will be likely be flat going in and will seek opportunities on the other side.

So:

-230k or lower/unemp 9.4-9.5%/no big negative revisions to last mth....sell £
-300k or higher/unemp 9.5% =/negative revisions to last mth...Buy £

are 2 scenarios that might play out.

G/L
ex member
  • #163,510
  • Sep 4, 2009 6:06am Sep 4, 2009 6:06am
Quoting Turveyd
Try this chart, go long near the magenta line 600sma and repeat that setups been working nicely all morning

Hope no ones short so far!!
Alright...gotcha...my 600sma is at 1.6335 right now below 1440sma which is at 1.6339...is it normal to go long when the faster sma is below the slower one?

alright and what's plan B if the price does not come down to 600sma what to do then?
Attached Image
Hear the music before the song is over ...
  • #163,511
  • Sep 4, 2009 6:06am Sep 4, 2009 6:06am
Quoting Turveyd
Real mature!!

yo bro! ..just post a chart..be it 1 minute or whatever to show yur analyisis..then all this can stop....

but to say this is going here and there without a chart and on a 1 minute interval.....will get new traders killed

what they dont realise is 1 minute analysis is only good for 1 minute

jus kidding... but i do actually believe this
  • #163,512
  • Sep 4, 2009 6:06am Sep 4, 2009 6:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Since yesterday, I see potential selling at 64900 or 65200.

US did not gave much good news related to employment this week still price is heading UP. NFP will determine what direction US is heading.



Quoting direct-trade
Could be either ATM, could be shampoo, or could be this:
  • #163,513
  • Sep 4, 2009 6:07am Sep 4, 2009 6:07am
Quoting albchr
Truly excellent DT....

I guess the feed one looks at has a lot to do with things. Mine (IBFX) shows a different picture on almost all those charts. Also, I'm really just a beginner at TL's so maybe I have this wrong but just as one example, the GJ daily here. Still bullish IMHO but certainly different.
Hi Chris,

Different broker's daily candles will look different depending on at what hour their platform hits midnight. Your chart looks good though
  • #163,514
  • Sep 4, 2009 6:11am Sep 4, 2009 6:11am
Quoting ams
Since yesterday, I see potential selling at 64900 or 65200.

US did not gave much good news related to employment this week still price is heading UP. NFP will determine what direction US is heading.
You could be right, can't wait to get this NFP out of the way and see where the market really wants to go
  • #163,515
  • Sep 4, 2009 6:12am Sep 4, 2009 6:12am
Good thing would be to wait this news but i went short 6365 to 6305-6325 area.Just have to.and i hope this 1hr candle brings me theare
  • #163,516
  • Sep 4, 2009 6:12am Sep 4, 2009 6:12am
Seems like bounce at 1.6304 North is taking shape?
- a New high formed north at 1.6412
- Pullback and bounce north at:
- Back og the trendline
- a Fib 38.2 & 61.8 level
- Off last resistance 1.6300
Attached File(s)
File Type: doc GBEUSD-3.doc   76 KB | 218 downloads
  • #163,517
  • Sep 4, 2009 6:13am Sep 4, 2009 6:13am
hope this 4 m candle close below 6360
  • #163,518
  • Sep 4, 2009 6:17am Sep 4, 2009 6:17am
Quoting "expert"
hope this 4 m candle close below 6360
I am dooooomed.no close below.haha
  • #163,519
  • Sep 4, 2009 6:22am Sep 4, 2009 6:22am
Quoting nAVIN2007
yo bro! ..just post a chart..be it 1 minute or whatever to show yur analyisis..then all this can stop....

but to say this is going here and there without a chart and on a 1 minute interval.....will get new traders killed

what they dont realise is 1 minute analysis is only good for 1 minute

jus kidding... but i do actually believe this


Errrrrmmmm, check back I haven't called a direction wrongly so far, I'm not the 1 costing people money on here.

And Global, short Averages take preference look for S/R around them and trade with a tight stop.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #163,520
  • Sep 4, 2009 6:23am Sep 4, 2009 6:23am
Quoting GlobalMacro
Alright...gotcha...my 600sma is at 1.6335 right now below 1440sma which is at 1.6339...is it normal to go long when the faster sma is below the slower one?

alright and what's plan B if the price does not come down to 600sma what to do then?
ok lemme give it a shot. shouldn't it be short here for since the minimum 2 lower highs connected had given the utl? Boxed on ltl are targets

lol, the one minute worm
Attached Image (click to enlarge)
Click to Enlarge Name: gum.JPG Size: 73 KB
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