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Cable Update (GBPUSD)

  • #182,381
  • Nov 12, 2009 1:10am Nov 12, 2009 1:10am
Usually I don't trade be4 London opening....did'nt stick to my rules and got kicked in the ass....market is always right
Non licet omnibus adire Corinthum
  • #182,382
  • Nov 12, 2009 1:12am Nov 12, 2009 1:12am
Quoting Magix
Well guys, as I said before, the charts I post are my opinion, they are not my charts nor my indicators, just my best loose interpretation of the way things work.

Best o luck to ya

then i will say your opinion is so complicated
When life gives you lemons, make lemonade
  • #182,383
  • Nov 12, 2009 1:15am Nov 12, 2009 1:15am
Quoting micho
then i will say your opinion is so complicated
For you sir, I offer the ignore feature of the forum.

I know I am soon to exercise it myself.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,384
  • Nov 12, 2009 1:23am Nov 12, 2009 1:23am
I believe tonight at least this is a pre LDN sell off. We'll see.
Trade @ own risk.. ( I could be wrong and LDN could MAssively short...) don't forget about the USD and the unemployment here.

I followed rules tonight and missed the majority of a nice little pop.
(Rules are rules though!! no point in them for oneself if we do not follow...)


Quoting javajames
Usually I don't trade be4 London opening....did'nt stick to my rules and got kicked in the ass....market is always right
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,385
  • Nov 12, 2009 1:25am Nov 12, 2009 1:25am
Quoting javajames
....market is always right
this is always true
  • #182,386
  • Nov 12, 2009 1:28am Nov 12, 2009 1:28am
Quoting fourxtrader
No need to wait around for hours.

Here's a trading opp for anyone who has
an itchy trigger finger. Look at how tightly
compressed these 9 ema's (6 - 144) are on
the 15m charts for both the EJ and the UJ.
There will always be a significant breakout
when [i][color=#4169e1]these...
All you had to do was look at the angle look at your Usd-Jpy chart for instance
  • #182,387
  • Nov 12, 2009 1:31am Nov 12, 2009 1:31am
Guys,

Trading news doesn't mean only waiting for data publications.....It means overall listening to some guys talking....

For instance, yesterday BoE said GB was far from a soon economic recovery and they were happy with a weak £....

So I think ATM it's much easier to trade EG than UG.....parity is always a good target be4 end of year.....

GL to all
Non licet omnibus adire Corinthum
  • #182,388
  • Nov 12, 2009 1:35am Nov 12, 2009 1:35am
Maybe i should sleep a little b4 the real action-London open. WOnderring wats supporting the dollar!
  • #182,389
  • Nov 12, 2009 1:39am Nov 12, 2009 1:39am
Quoting goodwings
WOnderring wats supporting the dollar!
Todays PA...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,390
  • Nov 12, 2009 1:46am Nov 12, 2009 1:46am
Quoting Magix
Todays PA...
PA= Pivot Advantage? Maybe too tired to remember!
  • #182,391
  • Nov 12, 2009 1:49am Nov 12, 2009 1:49am
Doveish comments from BOE yesterday sent the Pound reeling, in spite of better than expected job figures. Will this continue today? The 4H chart shows weakness and is dancing along the 50% retrace of recent upmove. While price below Pivot point at 6636, weakness remains and will re assess PA at the Pivot if reached. A break below 6530 could take it to S1 at 6477, either way some good technical entries (low risk) are possible. Trade well.
  • #182,392
  • Nov 12, 2009 1:49am Nov 12, 2009 1:49am
Quoting goodwings
PA= Pivot Advantage? Maybe too tired to remember!
Price Action.

The movement today, will be mimiced by a sharp movement topside. Again, everybody gets a fair shake in the markets, all sessions.

Don't be alarmed by a sharp bull move, confirmation is set on the 4hr, and we are going to be on a sinking ship for a while.

Take advantage of topside moves, I would believe them to be fakes. As many as say, "every drop is being bought" in actually right now every buy is being sold.

Dude, whether you are tired or just plain don't understand, if you are not sure, ask a question, it's way easier on the account.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #182,393
  • Nov 12, 2009 2:02am Nov 12, 2009 2:02am
Quoting Magix
Price Action.

The movement today, will be mimiced by a sharp movement topside....
Thanks.
Asking is good and right answers make one wiser.
But with the small drop of gold price i dont see the possibility of a sharp upward move. Just my tots, knowing u dont fancy correlation tots as seen in the previous posts.
  • #182,394
  • Nov 12, 2009 2:15am Nov 12, 2009 2:15am
Quoting javajames
Guys,

Trading news doesn't mean only waiting for data publications.....It means overall listening to some guys talking....

For instance, yesterday BoE said GB was far from a soon economic recovery and they were happy with a weak £....

So I think ATM it's much easier to trade EG than UG.....parity is always a good target be4 end of year.....

GL to all
I agree with buying EURGBP, this one has been trending upwards for a while and with recent developments, and it closing on the hourly above resistance at .9046 has made me a buyer.

Comparing EUR, GBP and USD, it's sometimes hard to pick a better whipping boy (GBP or USD) but EUR is clearly stronger than the 2 right now. USD is a wildcard, it'll get beaten down as long as equities rise, but if a reversal happens, it could roar back to life.

I reckon it will at least test the right shoulder of the H&S on daily chart. Aiming for .9239 at least, SL tucked somewhere below .8997.

Not a recommendation, just what I'm trading at the moment.

Z
I have no biases. I just trade what the charts tell me.
  • #182,395
  • Nov 12, 2009 2:19am Nov 12, 2009 2:19am
WOW I see war
But after all it's Down on my map, still hold my sell
  • #182,396
  • Nov 12, 2009 2:29am Nov 12, 2009 2:29am
Quoting dezsayin
I agree with buying EURGBP, this one has been trending upwards for a while and with recent developments, and it closing on the hourly above resistance at .9046 has made me a buyer.
and I trade both long EG and short GU....let's party....where are the girls .....
Non licet omnibus adire Corinthum
  • #182,397
  • Nov 12, 2009 2:34am Nov 12, 2009 2:34am
Quoting e_piz
my 4H strongly shows going south. Got a pos at 1.6610, pips in pockets. TP will be at 1.6520

Kacingggg!...Clean 89 pips!
Trade what you see. Write what you feel
  • #182,398
  • Nov 12, 2009 2:35am Nov 12, 2009 2:35am
Quoting egkid
WOW I see war
But after all it's Down on my map, still hold my sell

keep the shorts ya masry
we are going down together .. to aswan lol
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #182,399
  • Nov 12, 2009 2:35am Nov 12, 2009 2:35am
Just had a sell order placed at teh 50% fib (1.65500)on small pull back

Hit it to the nose and now hopefully will fall back down.
  • #182,400
  • Nov 12, 2009 2:48am Nov 12, 2009 2:48am
Quoting negro wolf

keep the shorts ya masry
we are going down together .. to aswan lol
We will bro
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