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Cable Update (GBPUSD)

  • #171,901
  • Oct 1, 2009 9:22am Oct 1, 2009 9:22am
Dammit, flipped a coin, it fell behind my desk and I can't see what it is. Guess I gotta stick with charts.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #171,902
  • Oct 1, 2009 9:22am Oct 1, 2009 9:22am
Quoting antic81
So what is everyones thoughts on this action...or lack there of, is this just the market bracing itself for tomorows NFP release?

Been sitting between the 38.2 and 23.6 fibs on the 4 Hr for some time now, still looks like it may be heading south now again as I type...then again maybe not!
I think today still south, as yesterday D1 show a Shooting Star :
Attached Image (click to enlarge)
Click to Enlarge Name: shooting star.gif Size: 20 KB
  • #171,903
  • Oct 1, 2009 9:24am Oct 1, 2009 9:24am
Quoting ahlamo
Sure, but remember the last release ? No movment compared to the one before it. I guess we'll see...
sure sweet thing it will be funn i know most of the time the market go to the oppsiet side unless the no. is big up or down we will be insame place
  • #171,904
  • Oct 1, 2009 9:25am Oct 1, 2009 9:25am
Gold just touched 1000.00 ...
The Sky is the Limit!
  • #171,905
  • Oct 1, 2009 9:25am Oct 1, 2009 9:25am
Mark my words folks - this girl is headed south - a break of .5946 and she'll start to dive! I'll post an indicator for anyone interested - keeps you free of PA headaches and shows the true trend REAL well.
  • #171,906
  • Oct 1, 2009 9:27am Oct 1, 2009 9:27am
Quoting Bullbear0072
Mark my words folks - this girl is headed south - a break of .5946 and she'll start to dive! I'll post an indicator for anyone interested - keeps you free of PA headaches and shows the true trend REAL well.
do that bro and 1000 thanks
  • #171,907
  • Oct 1, 2009 9:28am Oct 1, 2009 9:28am
Quoting ahlamo
Gold just touched 1000.00 ...
i hope u watching this instead of trading it...
  • #171,908
  • Oct 1, 2009 9:29am Oct 1, 2009 9:29am
oil and dow too going south and the dam cable is stuck even the eur is down
  • #171,909
  • Oct 1, 2009 9:35am Oct 1, 2009 9:35am
Sorry for the outburst earlier on, stress release management.
Btw, what is NFP?
  • #171,910
  • Oct 1, 2009 9:36am Oct 1, 2009 9:36am
Quoting kill
oil and dow too going south and the dam cable is stuck even the eur is down
Check the Daily on EG, you will see why even if GBP is comes to a halt, EUR gotta fall.

Cable not stuck, it's just being really sneaky.

When all the bears have fallen fast asleep, FRIGGEN WHAMMO, trips out their Stop Losses!

Well, okay, ++dream sequence end++

Did somebody say something?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #171,911
  • Oct 1, 2009 9:36am Oct 1, 2009 9:36am
Quoting nAVIN2007
i hope u watching this instead of trading it...
Of course!!! I couldn't/wouldn't trade gold for anything right now. I have plenty on my plate with the GU !

I like to watch it as it usually drags EU GU AU with it. Luckily GU has been a little detached from therest lately.
The Sky is the Limit!
  • #171,912
  • Oct 1, 2009 9:38am Oct 1, 2009 9:38am
does anyone see a possible double bottom formation on the 4H?
The Sky is the Limit!
  • #171,913
  • Oct 1, 2009 9:38am Oct 1, 2009 9:38am
There is nothing to stop GBPUSD of going to 1.64...
The Market pays you to be disciplined
  • #171,914
  • Oct 1, 2009 9:39am Oct 1, 2009 9:39am
Grab on to your lids kids, were heading for the rhubarb!

Uh, ruff ride to flavor town....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #171,915
  • Oct 1, 2009 9:40am Oct 1, 2009 9:40am
Wow the biggest move in about 4 hours...

Getting close to the daily high of 1.6023...wonder what it will do when it gets there...if it gets there!

Of course it could also just fall back to the same level as its been for whats seems an eternity!
  • #171,916
  • Oct 1, 2009 9:42am Oct 1, 2009 9:42am
This baby is going to test yesterdays high and most probably break it.



Quoting Bullbear0072
Mark my words folks - this girl is headed south - a break of .5946 and she'll start to dive! I'll post an indicator for anyone interested - keeps you free of PA headaches and shows the true trend REAL well.
  • #171,917
  • Oct 1, 2009 9:42am Oct 1, 2009 9:42am
Quoting antic81
Wow the biggest move in about 4 hours...

Getting close to the daily high of 1.6023...wonder what it will do when it gets there...if it gets there!

Of course it could also just fall back to the same level as its been for whats seems an eternity!
It gunna keep going.

Higher, n Higher, n Higher.

One of the things that is very interesting to watch is the trading sessions.
Check to see where we left of yesterday, and what direction we were headed. Now check the level today, and you get an idea of where we probably be going.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #171,918
  • Oct 1, 2009 9:43am Oct 1, 2009 9:43am
Quoting kill
do that bro and 1000 thanks
Kill - here it is. Took me a bit to find where I got it from. Simple but very effective. Go to www.forexmt4.com/_MT4_Experts/OsMA.mq4 this is an instant download in mq4. Change the settings from 12,12,9 to 7,13,9 and only use this on the 4h timeframe. All lower timeframes use what you are now but this will keep you in line with the true trend. The market is only long when Osma is above 0 and reverse for shorts. I mark a vertical line on my 4h chart at the buys(green) and sells(red) then hop to the lower timeframes to get in. Hope this helps. It's saved me a lot of grief especially on days like today. Download it and put it on the 4hr. Then mark all the buys/sells with vertical lines like said above for about the last month or so and you'll see. REAL SWEET!!! Good luck! P.S. I've only used this on cable 'cause that's all I trade.
  • #171,919
  • Oct 1, 2009 9:44am Oct 1, 2009 9:44am
"Most of the time the market remains stationary. Only for some 15–30% of time the market generates trends, and traders who are not located in the exchange itself derive most of their profits from the trends. My Grandfather used to repeat: "Even a blind chicken will find its corns, if it is always fed at the same time". We call the trade on the trend "a blind chicken market". It took us years, but we have produced an indicator, that lets us always keep our powder dry until we reach the blind chicken market"

Bill Williams

  • #171,920
  • Oct 1, 2009 9:47am Oct 1, 2009 9:47am
Quoting Bullbear0072
Mark my words folks - this girl is headed south - a break of .5946 and she'll start to dive! I'll post an indicator for anyone interested - keeps you free of PA headaches and shows the true trend REAL well.
I bet it's getting real tiresome waiting innit lol.
It's still bullish for NOW. Been a nice ride up since monday
Thank You
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