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Cable Update (GBPUSD)

  • #173,641
  • Oct 7, 2009 12:34am Oct 7, 2009 12:34am
unless 1.5820/00 broken then am still to my target of 1.5350/5300..

Else 6200-6400 will be my long swing setting target...

Let take a look how London bring us...Good luck
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  • #173,642
  • Oct 7, 2009 12:34am Oct 7, 2009 12:34am
Main Entry:contraction
Part of Speech:noun
Definition:drawing in; shortening

Synonyms:

abbreviating, abbreviation, abridging, abridgment, compression, condensation, condensing, confinement, confining, constriction, curtailing, curtailment, cutting down, decrease, decreasing, deflating, deflation, diminishing, diminution, drawing together, dwindling, elision, evaporating, evaporation, lessening, lopping, narrowing, omission, omitting, receding, recession, reducing, reduction, shrinkage, shrinking, shrivelling, tensing, tightening, withdrawal, withdrawing


These charts and their ema's are in serious need of a CONTRACTION to again build up sufficient energy to produce another 'EXPANSION'.... EXPLOSION... BREAK-OUT... otherwise we may just RANGE.

Just my 'meaningless' observations.

Dr. D.
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  • #173,643
  • Oct 7, 2009 12:42am Oct 7, 2009 12:42am
Quoting grashid
unless 1.5820/00 broken then am still to my target of 1.5350/5300..

Else 6200-6400 will be my long swing setting target...

Let take a look how London bring us...Good luck
see ya @5300 brah. sirappppppppp
Thank You
  • #173,644
  • Oct 7, 2009 12:45am Oct 7, 2009 12:45am
wooops there goes dragon .. winner winner chicken dinner
Thank You
  • #173,645
  • Oct 7, 2009 12:49am Oct 7, 2009 12:49am
Quoting wormboy
wooops there goes dragon .. winner winner chicken dinner
bro.. actually.. Im maybe mistaken, but the breakout on GBPJPY doesn't convince me.. the moment cable touch.. 1.5830.. I think we go UP...

looks to me as a false break.. too weak... (UY is about to retrace..) and GU approaching LTL
  • #173,646
  • Oct 7, 2009 12:54am Oct 7, 2009 12:54am
Quoting Piters
bro.. actually.. Im maybe mistaken, but the breakout on GBPJPY doesn't convince me.. the moment cable touch.. 1.5830.. I think we go UP...

looks to me as a false break.. too weak... (UY is about to retrace..) and GU approaching LTL
It's okay bro. Positions are locked safe
Here's my take on dragon :
http://www.forexfactory.com/showpost...postcount=3256

I'll wait for the daily close before deciding. Have a good one!
Thank You
  • #173,647
  • Oct 7, 2009 1:21am Oct 7, 2009 1:21am
Quoting fourxtrader
blah blah blah ...

blah blah blah ....
http://charitymile.com/blog/wp-conte...9/08/loser.jpg
  • #173,648
  • Oct 7, 2009 1:34am Oct 7, 2009 1:34am
This I would like to see:

In the hours (more likely days) ahead, it should take a veritable 'bomb' to bust thru these recent lows, 1.5768 and 1.5801. However, if this could draw back (up) again and well above the 144 ema to gather the forces and compress these ema's (as seen previously in this chart) then it would move 'naturally and effortless' down and thru with sufficient energy to new lows. Otherwise, we might get use to the range between 1.5800 and 1.6100.

Notice on all time frames the market only allows it to go so far as reflected in the separation of the ema's producing such a unnatural gradient (vacuum) before they naturally are pulled, drawn, contracted, again together into compression producing pressure and energy to forcefully and vigorously release apart.

Just my 'meaningless' observation of mma's and nothing else.

Lousy picture / chart.

Dr. D.
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  • #173,649
  • Oct 7, 2009 1:35am Oct 7, 2009 1:35am
Quoting wormboy
see ya @5300 brah. sirappppppppp
maybe postpone kot...am looking to change my mine and load long for $1/pips from 5870...see what happen...
not convincing me for 5300 atm
  • #173,650
  • Oct 7, 2009 1:37am Oct 7, 2009 1:37am
Morning chaps and chappetts,

She has upset me this morning, on a nice break of support, looking for 5830...then she whipsawed on me and I was left wondering what had happened...

On reflection I have found a line of support that should have been a warning, watch her fall back down now...

I am hoping that some sort of directional decision will be reached today, I believe that it may have something to do with the fact that the USD is weakening as is the pound...

It does come with the territory with such a tight stop in place, however when I win it does wipe out the losses...-10 pips for the week, I hope she sets up nicely later today...

Hope you are all in winner today, dont ask me which direction though!
  • #173,651
  • Oct 7, 2009 1:51am Oct 7, 2009 1:51am
Hi guys,

If you look at my chart it's easy to see trend is bearish, but having said that does'nt mean you'll get green pips...as were are moving in a range between my TL. Difficulty is to find good entry and exit points....

In that case, I'm prepared to enter at 3 different levels (magenta HL) provided price is coming from a closed bar above this level on M15.....(descending bar on H1)

GL to all

PS: I agree to be corrected by fourxtrader as I'm willing to improve my poor english
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Non licet omnibus adire Corinthum
  • #173,652
  • Oct 7, 2009 2:03am Oct 7, 2009 2:03am
Quoting Piters
bro.. actually.. Im maybe mistaken, but the breakout on GBPJPY doesn't convince me.. the moment cable touch.. 1.5830.. I think we go UP...

looks to me as a false break.. too weak... (UY is about to retrace..) and GU approaching LTL

Brother how do u know its fake can u tell us through chart i will be greatful thanks
  • #173,653
  • Oct 7, 2009 2:10am Oct 7, 2009 2:10am
Quoting Piters
bro.. actually.. Im maybe mistaken, but the breakout on GBPJPY doesn't convince me.. the moment cable touch.. 1.5830.. I think we go UP...

looks to me as a false break.. too weak... (UY is about to retrace..) and GU approaching LTL
I'm still under the same impression.. looking at cable and Yen.. again... I'm maybe mistaken.. this time.. we have to wait and see some more players on the market.. (volume).. the breakout started very WEAK..
  • #173,654
  • Oct 7, 2009 2:11am Oct 7, 2009 2:11am
BTW as you c an see Dragon is much easier to trade ATM
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Non licet omnibus adire Corinthum
  • #173,655
  • Oct 7, 2009 2:14am Oct 7, 2009 2:14am
Anyone going long gbp/usd?
  • #173,656
  • Oct 7, 2009 2:16am Oct 7, 2009 2:16am
I thought you guy's said save Long The Queen ???
  • #173,657
  • Oct 7, 2009 2:16am Oct 7, 2009 2:16am
Miss GU playing with poor forex traders, watchout she is about to throw you down

http://www.topnews.in/files/women-fight.jpg
  • #173,658
  • Oct 7, 2009 2:23am Oct 7, 2009 2:23am
Here's my take based upon observation of patterns. It might not be right, because it's a work in progress...

Two things suggested false breakout this morning. The first is the lack of overnight consolidation. Movement overnight seems to weaken any breakout (not always though). Secondly, both the 15 min and 30 min candles that closed below support had flat bottoms and both touched the ema 21 and the lower bollinger band. These candles made me think twice about selling and to look for a buy.

Alison
  • #173,659
  • Oct 7, 2009 2:23am Oct 7, 2009 2:23am
Quoting deryworlds
I thought you guy's said save Long The Queen ???
I didn't
Thank You
  • #173,660
  • Oct 7, 2009 2:26am Oct 7, 2009 2:26am
Quoting grashid
maybe postpone kot...am looking to change my mine and load long for $1/pips from 5870...see what happen...
not convincing me for 5300 atm
roger that.
I'll stay on this ride south for the time being.
Thank You
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