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Cable Update (GBPUSD)

  • #184,541
  • Nov 24, 2009 6:40pm Nov 24, 2009 6:40pm
Cable breaking out!! is chasing the play?
  • #184,542
  • Nov 24, 2009 6:45pm Nov 24, 2009 6:45pm
Quoting HotPips
Cable breaking out!! is chasing the play?
First line of resistance topside...200EMA on a 30m chart...stopped right @ the line...Could be a stall, could be the turning point...only time will tell...

I only consider a play that holds its grounds, we aren't quite there yet.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,543
  • Nov 24, 2009 6:57pm Nov 24, 2009 6:57pm
looks like a melt up is about to happen...
  • #184,544
  • Nov 24, 2009 7:09pm Nov 24, 2009 7:09pm
Quoting HotPips
looks like a melt up is about to happen...
O, that's what they want you to believe...

Remember, it's us against them, and right now, they have the serve!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,545
  • Nov 24, 2009 7:17pm Nov 24, 2009 7:17pm
Quoting Magix
O, that's what they want you to believe...

Remember, it's us against them, and right now, they have the serve!
There is a real possibility of cable squeezing the shorts to 1.6670-1.6700, and now it is breaking out. Just like yesterday, but now to upside. Futures and gold coming back.
  • #184,546
  • Nov 24, 2009 7:23pm Nov 24, 2009 7:23pm
Quoting HotPips
There is a real possibility of cable squeezing the shorts to 1.6670-1.6700, and now it is breaking out. Just like yesterday, but now to upside. Futures and gold coming back.
OMG i dont undestand guys wich now open sell or thinkig about sell...Main trend is UP sell just for scalp and good Up move i expect in next few hours...
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #184,547
  • Nov 24, 2009 7:32pm Nov 24, 2009 7:32pm
Quoting Petar_Serbia
OMG i dont undestand guys wich now open sell or thinkig about sell...Main trend is UP sell just for scalp and good Up move i expect in next few hours...
Tonight UK GDP coming out, if it is a sell on the news, this squeeze up would be classic.
  • #184,548
  • Nov 24, 2009 7:36pm Nov 24, 2009 7:36pm
Quoting HotPips
Tonight UK GDP coming out, if it is a sell on the news, this squeeze up would be classic.
Well amigo, we have crossed and held the 4hr 24SMA...by my indicators that means the bears are done, were back into the bull run.

I would fully expect London to bring price down for a better buy range, but as of now, I believe we are about to see a lot higher highs in days to come.

H4 in confirmation with the week, daily not far behind...Take your finger off the sell trigger IMO, you might not need it for a while.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,549
  • Nov 24, 2009 7:39pm Nov 24, 2009 7:39pm
Quoting HotPips
There is a real possibility of cable squeezing the shorts to 1.6670-1.6700, and now it is breaking out. Just like yesterday, but now to upside. Futures and gold coming back.
Might need to go another 50 pips to call it a breakout
rather than a fakeout. The difference between today
and yesterday is the PA is congregating above the
gathering multiple ema's. Yesterday it was below. And
that alone doesn't guarantee a 'direction'. As Magix
said it's above support. I see this compression at
~1.6575 a strong level of support (or resistance). Today
support.... yesterday, resistance. We'll see if it has
the energy to drive further northward or slingshot down
and move to lower levels.

Dr. D.
Attached Image
  • #184,550
  • Nov 24, 2009 7:58pm Nov 24, 2009 7:58pm
Quoting fourxtrader
Might need to go another 50 pips to call it a breakout
rather than a fakeout. The difference between today
and yesterday is the PA is congregating above the
gathering multiple ema's. Yesterday it was below. And
that alone doesn't guarantee a 'direction'. As Magix
said it's above support. I see this compression at
[i][color=#4169e1]~1.6575...
I say, they're collecting shorts right here (1.6610) before the launch.
  • #184,551
  • Nov 24, 2009 8:04pm Nov 24, 2009 8:04pm
Quoting HotPips
I say, they're collecting shorts right here (1.6610) before the launch.
Stick to your guns mango...We all see what we see, and all play what we play.

If you see short opps, playem, if you see the longs, playem...

We will only know for sure by direction if there are more buyers then sellers at this point.

Trade well!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,552
  • Nov 24, 2009 8:47pm Nov 24, 2009 8:47pm
Gold just made a new high 1,176, watch out shorties!
  • #184,553
  • Nov 24, 2009 9:21pm Nov 24, 2009 9:21pm
TIC TOC TIC TOC, WHENS IT GONNA POP!?!?!

Looking for 6710
  • #184,554
  • Nov 24, 2009 9:27pm Nov 24, 2009 9:27pm
The level I'm watching is 6650 on my 4hr chart. We've been creeping up the past 8hrs, if we break that level maybe we can get on with things. lol
  • #184,555
  • Nov 24, 2009 9:28pm Nov 24, 2009 9:28pm
agreed...... probably going to back off around 6650 and then continue up to 6710
  • #184,556
  • Nov 24, 2009 9:29pm Nov 24, 2009 9:29pm
Sometimes you wait and wait, and it never happens, been there done that. It's just forex.
  • #184,557
  • Nov 24, 2009 9:31pm Nov 24, 2009 9:31pm
If you really want to know where we are going to fall back to...Have a look @ London close, we will most likely continue the trend from there.

As a guess...1.6578.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,558
  • Nov 24, 2009 9:33pm Nov 24, 2009 9:33pm
Quoting Magix
If you really want to know where we are going to fall back to...Have a look @ London close, we will most likely continue the trend from there.

As a guess...1.6578.

Futures have been negative all night, but that Gold move is just crazy. Something's gotta give.
  • #184,559
  • Nov 24, 2009 9:35pm Nov 24, 2009 9:35pm
thoughts
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  • #184,560
  • Nov 24, 2009 9:53pm Nov 24, 2009 9:53pm
Quoting HotPips
Futures have been negative all night, but that Gold move is just crazy. Something's gotta give.
I hate giving away my secrets, but since Ima gunna be starting a thread anyways giving up all of my secrets, I might well throw you this little nugget.

Put a 200EMA onto a 15m chart. Check the price @ London Close...

DO YOU SEE WHAT I SEE?
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