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Cable Update (GBPUSD)

  • #183,181
  • Nov 16, 2009 2:10pm Nov 16, 2009 2:10pm
Quoting egkid
I think this is shooting star on 1H TF,What do you think guys?
I'm already sell 1.6850
I am flat untill Asia session opening ! Trade well fren !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #183,182
  • Nov 16, 2009 2:21pm Nov 16, 2009 2:21pm
Quoting manize
Good but don't greedy, still have probably flies up again once touches M1/ema 35/50/62/200 by at least set up the SL at BEP !
I think his entry is awesome .... really awesome

30 min charts

1) ultra high volume up
2) next 2 candles low spread ... odd they should have been wider if all that volume was buyers , then at 2 no volume bon up bar = buyers run out of steam

3) upthrust with ultra high volume just above resistance .. trap up move if you ask me and high vol all sellers

4) now lower highs on 30 min with weakness based on vsa in background

he may have just hit a top

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  • #183,183
  • Nov 16, 2009 2:24pm Nov 16, 2009 2:24pm
What your comment about this weekly us index!!!!!!!!!
I don't know it's my mind or my psychology Refuse further drop!
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  • #183,184
  • Nov 16, 2009 2:28pm Nov 16, 2009 2:28pm
Quoting egkid
What your comment about this weekly us index!!!!!!!!!
I don't know it's my mind or my psychology Refuse further drop!

see wekend posts ... may take few more weeks to work out but usd gonna kick some serious rear end 1st half of next year
Blogging daily now at www.volume.zone
  • #183,185
  • Nov 16, 2009 2:31pm Nov 16, 2009 2:31pm
Quoting manize
Congratz fren +40 pips sofar !
thanks, move sl to be, i am not sure about tp, any idea ?
  • #183,186
  • Nov 16, 2009 2:34pm Nov 16, 2009 2:34pm
Quoting malcolmb14
see wekend posts ... may take few more weeks to work out but usd gonna kick some serious rear end 1st half of next year
Why do you say that Malc ?

If we are getting back to 'normal' next year with the twin deficits etc back centerstage, then isnt the normal say...cable at 2.05 ?

Or do you mean its all going to crumble and there will be a flight back to safety and the USD

The answer to that question is the biggest thing in my personal finances by far...
  • #183,187
  • Nov 16, 2009 2:34pm Nov 16, 2009 2:34pm
Quoting SwissKinseb
thanks, move sl to be, i am not sure about tp, any idea ?
Based on pure spec and weekly market trends we should see 1.6729 within the next 48 hours.

This is just a GUESS...We might see higher highs, before we see this low again, but, since you asked....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,188
  • Nov 16, 2009 2:39pm Nov 16, 2009 2:39pm
Quoting allserene
Why do you say that Malc ?

If we are getting back to 'normal' next year with the twin deficits etc back centerstage, then isnt the normal say...cable at 2.05 ?

Or do you mean its all going to crumble and there will be a flight back to safety and the USD

The answer to that question is the biggest thing in my personal finances by far...

something not right with usdx ..... look at weekly and then put volume on it

we are at 75 ...yet everyone is crying how bad usd is...yet they were not crying at 72 ....

volumeo n weekly is the hihgest in the last 3 weeks of the usdx inception ... yet we cannot break 75 ... I think this is massive accumulation ...

I would love gbp to go back to 2.05 , as like you i have assets both in UK (I am from London ) and here in Canada where I live now.
Blogging daily now at www.volume.zone
  • #183,189
  • Nov 16, 2009 2:41pm Nov 16, 2009 2:41pm
Quoting Magix
I don't want this to come out like an "I told you so", but will apologize in advance if it does.

This has been a great day to play longs and again for assuming and playing the trend.

No, I didn't hold from bottom to top, but I did play the safety ranges and off of the chart supports and made out fairly well today....
Thanks for the fantastic advice, I have been keeping a keen eye on your posts and have enjoyed having my ideas challenged. My entrance did not develop as I expected at 1.6800; however, I have a set-up I am comfortable with and will be looking for a change in the trend confirmed across multiple time frames.

I'm looking forward to reading your future posts. You should note that I'm not trading real money. I'm currently demoing all my ideas before I even risk a penny of my money in these markets!

People like you help a lot!
  • #183,190
  • Nov 16, 2009 2:48pm Nov 16, 2009 2:48pm
GbpUsd managed to regain its upward developement trough resistance 1.6785, printing so far a top at 1.6810.I think the pair still has a bullish potential and is due to aproach the area between the next two resistances 1.6841 and 1.7051.
  • #183,191
  • Nov 16, 2009 3:09pm Nov 16, 2009 3:09pm
wow talk about no demand on daily on gbp futures ....

interesting ....

I think that we may have seen double top ... but in this insane market am trading day to day and mostly ES.... it is fun trading along side the goldman scahs robots as price action shows you what they are up to on ES on a daily basis.

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  • #183,192
  • Nov 16, 2009 3:10pm Nov 16, 2009 3:10pm
Quoting malcolmb14
something not right with usdx ..... look at weekly and then put volume on it

we are at 75 ...yet everyone is crying how bad usd is...yet they were not crying at 72 ....

volumeo n weekly is the hihgest in the last 3 weeks of the usdx inception ... yet we cannot break 75 ... I think this is massive accumulation ...

I would love gbp to go back to 2.05 , as like you i have assets both in UK (I am from London ) and here in Canada where I live now.
lets hope - if cable goes to 1.85 in the next 12 months I will bring the rest of my wad over fron the UK and reinvest it from the US in European/UK stocks to hedge the USD at that level

If euro goes to 1.10 , I will sell my US stocks and buy a cheapo casa in spain... It's a hot plan
  • #183,193
  • Nov 16, 2009 4:02pm Nov 16, 2009 4:02pm
Time to be getting some longs on for the next trip upward into Asia's open if nothing else.

Line in the sand is 1.6800


So far so good

Shame my Spread went WILD without me spotting it but hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #183,194
  • Nov 16, 2009 4:06pm Nov 16, 2009 4:06pm
This is low volume upward manipulation going on here, only reason for doing so is they'll be selling soon.


I'm not complaining though, hope we can get back to a up trend proper for a good 50pips or so
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #183,195
  • Nov 16, 2009 4:17pm Nov 16, 2009 4:17pm
Quoting SwissKinseb
i went short @ 1.6870
Take Profit now with +40 Pips, anyone with me?
  • #183,196
  • Nov 16, 2009 4:18pm Nov 16, 2009 4:18pm
Quoting SwissKinseb
Take Profit now with +40 Pips, anyone with me?
did you look at your 4 hour ???

you may regret getting out so soon ...
Blogging daily now at www.volume.zone
  • #183,197
  • Nov 16, 2009 4:20pm Nov 16, 2009 4:20pm
http://karimfx.blog.com/<img data-em...e.png?v=15.1">
LOL
  • #183,198
  • Nov 16, 2009 4:22pm Nov 16, 2009 4:22pm
yes, is maybe too early, i feel me not comfortable on this trade
  • #183,199
  • Nov 16, 2009 4:28pm Nov 16, 2009 4:28pm
Quoting Honor
I have a set-up I am comfortable with and will be looking for a change in the trend confirmed across multiple time frames.

I'm currently demoing all my ideas before I even risk a penny of my money in these markets!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,200
  • Nov 16, 2009 4:30pm Nov 16, 2009 4:30pm
Quoting SwissKinseb
yes, is maybe too early, i feel me not comfortable on this trade

Got in long on that dip also not comfortable so you did the right thing, profit is profit and no one knows where it'll go over the next 20mins.


I'm betting on the direction continuing with a tight stop here, which is up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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