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Cable Update (GBPUSD)

  • #182,581
  • Nov 12, 2009 12:55pm Nov 12, 2009 12:55pm
Quoting egkid
WOW it keep going up now 1.6575 We suppose not going higher than this or will think again about my short!!!
About 8 H move in same range today

to be honest from a vsa standpoint GU looks like accumulation ....

meaning we move up
Blogging daily now at www.volume.zone
  • #182,582
  • Nov 12, 2009 1:00pm Nov 12, 2009 1:00pm
Perhaps anticipation

Federal Budget Balance ?? Release out now need to check.....

Buying?

Actual ---- Forecast
-176.4B-152.5B

Actual > Forecast = Good for currency;'



lets see ...........
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #182,583
  • Nov 12, 2009 1:01pm Nov 12, 2009 1:01pm
Quoting egkid
E/U WILL DROP MORE
EU may need a rest first to let some ema's catch up to the pack.
Of course the 1m will be the first to bunch together. Where they will
spring no one knows. They might move up first for a small retrace and
to accelerate the compression occurring on the 5m and 15m and then down.

Should see some volatility if and when the 1m compresses tightly together.
Dr. D.
Attached Images
  • #182,584
  • Nov 12, 2009 1:07pm Nov 12, 2009 1:07pm
Quoting fourxtrader
EU may need a rest first to let some ema's catch up to the pack.

Dr. D.
Maybe but In my map down and not suppose go up 1.4890
Otherwise Take care if break it or Put SL above it
That my view
  • #182,585
  • Nov 12, 2009 1:13pm Nov 12, 2009 1:13pm
gu every one expecting drops.

range day , buying off hiogh volume pivot clear.

one stoppping volume 2x low volume test

170 pips just buying... not that I got that ,.... I only traded gu twice today , mostly been on ES

now we area heading into critical level 1.6620....

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 23 KB
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  • #182,586
  • Nov 12, 2009 1:15pm Nov 12, 2009 1:15pm
Quoting egkid
Maybe but In my map down and not suppose go up 1.4890
Otherwise Take care if break it or Put SL above it
That my view

I'm not disagreeing and not 'fixing' numbers either.

Only IF's in the FOREX.... no such thing as NOT SUPPOSE to! LOL

CAUSE and EFFECT rules this game. IF THIS should occurs THEN THIS more likely will take place.

Dr. D.
  • #182,587
  • Nov 12, 2009 1:19pm Nov 12, 2009 1:19pm
high volume day ALL AT 1.6520 .... is this some form of massive accumualtion for move to 1.6850 ?

I highlighted last time we had such had volume and what happened

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 23 KB
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  • #182,588
  • Nov 12, 2009 1:20pm Nov 12, 2009 1:20pm
hi

cable face resisance between 1.6585 to 1.6595 if cable break it it will test 1.6618 to 1.6629 otherwise it will test low today again

long is safe above 1.6650
  • #182,589
  • Nov 12, 2009 1:24pm Nov 12, 2009 1:24pm
by the way for those who trade using 1 chart or 2... its like using a car with 2 wheels... at least you need 4 charts to do a trade
When life gives you lemons, make lemonade
  • #182,590
  • Nov 12, 2009 1:25pm Nov 12, 2009 1:25pm
Quoting fourxtrader
I'm not disagreeing and not 'fixing' numbers either.

Only IF's in the FOREX.... no such thing as NOT SUPPOSE to! LOL

CAUSE and EFFECT rules this game. IF THIS should occurs THEN THIS more likely will take place.

Dr. D.
Re: "IF it go up 1.4890 take care or put sl above it."
Thanks bro i will Take care of that next time
  • #182,591
  • Nov 12, 2009 1:27pm Nov 12, 2009 1:27pm
Quoting micho
by the way for those who trade using 1 chart or 2... its like using a car with 2 wheels... at least you need 4 charts to do a trade
ooooops Then i have car with 3 Wheels
But sometime use 4 AHA that why my car not running so fast LOL
  • #182,592
  • Nov 12, 2009 1:33pm Nov 12, 2009 1:33pm
I will be shorting at 6611. target 1 is 6485 (daily 21 ema) , then 6405 - 38.2 fib of move.

c'mon the bears..
  • #182,593
  • Nov 12, 2009 1:34pm Nov 12, 2009 1:34pm
Quoting egkid
ooooops Then i have car with 3 Wheels
But sometime use 4 AHA that why my car not running so fast LOL
you might crash in a wall with 3 wheels
When life gives you lemons, make lemonade
  • #182,594
  • Nov 12, 2009 1:36pm Nov 12, 2009 1:36pm
for now it shows that most pairs are in ugly stand aside position... i am just waiting for EURGBP for a long possibly later... depends
When life gives you lemons, make lemonade
  • #182,595
  • Nov 12, 2009 1:36pm Nov 12, 2009 1:36pm
Quoting malcolmb14
futures are like fx ... lower spreads though

options is a whole other world that I have not learnt yet.....

here is es chart for today...seems like a fx chart and i use same system to trade it , other than I have a few other tools I use to gauge strength

Just to mess with futures .. broco mt4 has them all on demo and all global indices.


Attachment
Malcolmb, I know it is strictly not on point here, but as I spreadbet on the S&P index if you are able to share what you use to gauge the strength of ES, I would be grateful. If you don't wish to divulge the method, then that is ok too.
  • #182,596
  • Nov 12, 2009 1:43pm Nov 12, 2009 1:43pm
Quoting farizu
Malcolmb, I know it is strictly not on point here, but as I spreadbet on the S&P index if you are able to share what you use to gauge the strength of ES, I would be grateful. If you don't wish to divulge the method, then that is ok too.
check pm
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  • #182,597
  • Nov 12, 2009 1:47pm Nov 12, 2009 1:47pm
Quoting micho
for now it shows that most pairs are in ugly stand aside position... i am just waiting for EURGBP for a long possibly later... depends
Here it's 1H E/G ,If long then i will put my sl under 0.8960
Reason for drop=Perfect ABC Pattern
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 48 KB
  • #182,598
  • Nov 12, 2009 1:51pm Nov 12, 2009 1:51pm
Quoting egkid
Here it's 1H E/G ,If long then i will put my sl under 0.8960
Reason for drop=Perfect ABC Pattern
no trade yet
When life gives you lemons, make lemonade
  • #182,599
  • Nov 12, 2009 2:53pm Nov 12, 2009 2:53pm
hi there iam watching the gbpusd one week and i just wanted every one to help me with my technical analysis .....here what i got for these days.

watting ur opnion.....and good luck.

see the attachment.>>>>>
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-12_2245.png Size: 47 KB
  • #182,600
  • Nov 12, 2009 3:10pm Nov 12, 2009 3:10pm
Quoting egkid
E/U WILL DROP MORE
Interesting Got more pip
BUT G/U
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