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Cable Update (GBPUSD)

  • #183,741
  • Nov 18, 2009 2:17pm Nov 18, 2009 2:17pm
Quoting fourxtrader
After a long winding compression buildup, look how the ema's finally
broke rank on the 5m. Compare with this 1h pivot chart earlier.

Dr. D.


Hey man can you tell me vhat MA are you using on 1h and vhat MA on 5 min.

thnx
  • #183,742
  • Nov 18, 2009 2:30pm Nov 18, 2009 2:30pm
Quoting malcolmb14
here is my weekly...

I posted this on weekend .. not going to happen overnight

Attachment
Its a good look. I don't think it will blow that major key level of 7020 anytime soon. With that and this being nov/dec the pound is heading down.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,743
  • Nov 18, 2009 2:41pm Nov 18, 2009 2:41pm
Quoting aswilled
Its a good look. I don't think it will blow that major key level of 7020 anytime soon. With that and this being nov/dec the pound is heading down.
I see strong macd divergence to the upside on the weekly.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,744
  • Nov 18, 2009 3:18pm Nov 18, 2009 3:18pm
Quoting kill56
long short flip the coin hell no i am short on both b;;;;;;;hs eu and cable

and long cad
You can change your name but it's hard to
change the boorish intonations in your speech.

What does "infractions overload" really mean?

Dr. D.
  • #183,745
  • Nov 18, 2009 3:34pm Nov 18, 2009 3:34pm
Quoting malcolmb14
could be possible ...taking it day by day and hoping that my swing trade short does not get stopped out
Just want to say I really like your txt book anaysis on the weekly chart. Can't say I saw it but it makes a lot of sense. Right now there are a number of idicators saying we could be heading north for a bit Stoch. doji hammer to name but a few 1 hr chart. Don't think I'll jump in as the Asian side of the market is unpredictable to say the least!
  • #183,746
  • Nov 18, 2009 3:40pm Nov 18, 2009 3:40pm
I doubt it will get above 6747. Asia don't make many new highs.
A. Finesse Williams Making Millions One Pip At A Time!
  • #183,747
  • Nov 18, 2009 4:15pm Nov 18, 2009 4:15pm
Quoting Chumbawunga
Just want to say I really like your txt book anaysis on the weekly chart. Can't say I saw it but it makes a lot of sense. Right now there are a number of idicators saying we could be heading north for a bit Stoch. doji hammer to name but a few 1 hr chart. Don't think I'll jump in as the Asian side of the market is unpredictable to say the least!
now all it has to do is work out ...

I posted 2000 pip reward for 300 pip potential draw down on weekend on sell off 1.6800 zone..I am not a swing trader but to have a 2lot rider on this one
Blogging daily now at www.volume.zone
  • #183,748
  • Nov 18, 2009 4:39pm Nov 18, 2009 4:39pm
Quoting malcolmb14
here is my weekly...

I posted this on weekend .. not going to happen overnight

Attachment
Nice chart malc

here is mine

have a look
Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly.gif Size: 23 KB
Don't compare your Trades with Others
  • #183,749
  • Nov 18, 2009 4:41pm Nov 18, 2009 4:41pm
Quoting aswilled
I doubt it will get above 6747. Asia don't make many new highs.

we could go to 1.7670 ish ( 50% of down move) on retrace in asia
Blogging daily now at www.volume.zone
  • #183,750
  • Nov 18, 2009 4:42pm Nov 18, 2009 4:42pm
Quoting DubaiFX
Nice chart malc

here is mine

have a look

1st thing that jumps out is that bear div stochastics...nice

show me the $$$$...we might have to wait for it though
Blogging daily now at www.volume.zone
  • #183,751
  • Nov 18, 2009 4:45pm Nov 18, 2009 4:45pm
Quoting malcolmb14
we could go to 1.7670 ish ( 50% of down move) on retrace in asia
You sure about that number?
  • #183,752
  • Nov 18, 2009 4:51pm Nov 18, 2009 4:51pm
Good Cheese!! Please show me the Money... Cos am all out.
  • #183,753
  • Nov 18, 2009 4:53pm Nov 18, 2009 4:53pm
Quoting malcolmb14
1st thing that jumps out is that bear div stochastics...nice

show me the $$$$...we might have to wait for it though
Yes u r right bro buti have enough karmo patience pills

Wait is the name of the game.

choose.Wisely
Don't compare your Trades with Others
  • #183,754
  • Nov 18, 2009 4:58pm Nov 18, 2009 4:58pm
Hi Malcomb
Thought you were trading the USDX this week? Also, have your sentments changed from cable maybe going past 1.7 to now gone down to 1.600, may it fist tuch 1.7 before 1.6000?

Quoting malcolmb14

The range off 1.6770 was awesome .. kept selling take 20 , sell take 20 and on last one sell righti nto high volume pivot cluster at 1.6720

I am as bearish as you are trust me. I am very usd bull ....
  • #183,755
  • Nov 18, 2009 5:04pm Nov 18, 2009 5:04pm
Quoting isguru
Hi Malcomb
Thought you were trading the USDX this week? Also, have your sentments changed from cable maybe going past 1.7 to now gone down to 1.600, may it fist tuch 1.7 before 1.6000?
I don't know why, but I do not see anything below 1.6660 , but i can be wrong.
  • #183,756
  • Nov 18, 2009 5:04pm Nov 18, 2009 5:04pm
Quoting bablo
You sure about that number?
no not really .... but would make sense ... test of prior support ( now resistance) level from underneath

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 17 KB
Blogging daily now at www.volume.zone
  • #183,757
  • Nov 18, 2009 5:05pm Nov 18, 2009 5:05pm
Quoting malcolmb14
no not really .... but would make sense ... test of prior support ( now resistance) level from underneath

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: chart04.gif Size: 30 KB
Blogging daily now at www.volume.zone
  • #183,758
  • Nov 18, 2009 5:09pm Nov 18, 2009 5:09pm
Quoting isguru
Hi Malcomb
Thought you were trading the USDX this week? Also, have your sentments changed from cable maybe going past 1.7 to now gone down to 1.600, may it fist tuch 1.7 before 1.6000?

no I am trading 90 % ES (s&p emini) ... they are traidng by auto bots ( goldman sachs HFT) ...seriously people think this is a myth , but the movement of the ES sometime os so regualr it cannot be human buying and if you can gauge the direction by watching price action you can do well trading futures ..... indies rarely work

I am very bullish usdx though due to super massive high volume of last 4 weeks and unable to break 75 ..seems all buying .

After seeing retest 1.6850 and drop off that level , am fairly bearish gu long term and think that wave 2 on weekly has completed ( see posts on weekend)

I have been a GU bear since JULy ... expectations 1.3500
Blogging daily now at www.volume.zone
  • #183,759
  • Nov 18, 2009 5:15pm Nov 18, 2009 5:15pm
Quoting malcolmb14
we could go to 1.7670 ish ( 50% of down move) on retrace in asia
I think the number 1.6770 and not 1.7670.

I that case I agree.
  • #183,760
  • Nov 18, 2009 5:20pm Nov 18, 2009 5:20pm
Now that it's mid week, we surely should be pulling out the long charts as a forecast of a MAJOR trend reversal, because this makes total and complete perfect sense....

Sigh....

Well, IF we have to do this, I guess I see fit to say that you guys might be a little early on calling the mass exodus, simply, not what my weekly says.

Granted, If you get caught in a short from bottom tonight, you will most likely find an exit come NEXT TUESDAY....long term trends say that you still gotta better shot at buying, at least that's what my charts are a saying.

DAILY, well, thats another story, we should see a correction on the daily, it just won't be 2000 pips...

Support ranges on the chart. OSMA has just jumped into Positive territory and we have just again entered the forest on the MACD. We are above support but not so grossly that a correction will be needed...

Hey, I could be wrong, but seriously, midweek forecasts for the next 2000 pips down?

Sigh....
Attached Image (click to enlarge)
Click to Enlarge Name: guwk.JPG Size: 93 KB
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