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Cable Update (GBPUSD)

  • #187,521
  • Dec 14, 2009 4:23pm Dec 14, 2009 4:23pm
nope ....if we get 1.5300 so quickly ..we should all be scared ...lol

maybe 1.6000...maybe ... but who knows daily has 2 x doji with an up bar today.

It is all down to the FOMC on Wednesday. One change of the minutes even hinting at interest rate hikes sometime in 2010 the market will have an adverse reaction.

dj today ended on a low volume up day... not much buying up here. In VSA this is called a no demand bar day and is a sign of weakness.

Quoting GlobalMacro
Wuhahahaha....is that Awesom with a capital "A", ey bro...lol....naughty, naughty....

I'm cool, actually in resting mode, but also keeping my eyes open, jumping in when I see an opportunity....

damn, you don't say, why did you drink my beer bro?...lol

we got 2 weeks left in the decade and .........

.....JOSE Is a very a happya to saya 1.5300 No Way in this decade...lol

Ok, Ok from you bro....I accept hotty"exploration souvenirs" from Japan

but I'm sure WB and Malcomb got my special "1.5300 Not In This Decade No Way Jose Beers"...
Blogging daily now at www.volume.zone
  • #187,522
  • Dec 14, 2009 4:24pm Dec 14, 2009 4:24pm
pm your address ..it will be there before xmas .. with interest..lol

Quoting Magix
**Snickers**

I took Mal 2x for $10 bux, still waiting on delivery....
Blogging daily now at www.volume.zone
  • #187,523
  • Dec 14, 2009 4:29pm Dec 14, 2009 4:29pm
Quoting malcolmb14
pm your address ..it will be there before xmas .. with interest..lol
I think I would wish to carry the balance...

This way, I can be wrong 2x..and it might be the only 2x I will ever be right...buwahahahah

LOL.

Seasons best to you and yours Mal!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,524
  • Dec 14, 2009 4:34pm Dec 14, 2009 4:34pm
I was on seeking alpha ... and came across this article


http://seekingalpha.com/article/1780...owth-estimates

note all the European countries GDP growth expectations under under that of the US.

Quoting malcolmb14
XTRade .. when you talk about usd and .80 ... do you mean the dollar index ? This is weighted 57% euro ... so if euro collapses there is a very high chance that dx could go to top of channel at 95.

Also wouldn't it be a massive money maker for the ' money ' guys to put the biggest USD short squeeze ever so their buddies China and Russia could get out of all the debt they have bought at a profit before the total collapse of the usd ???

as we see here dx has broken 50 sma on daily.... simple chart I will post better one later... now the difference...
Blogging daily now at www.volume.zone
  • #187,525
  • Dec 14, 2009 4:53pm Dec 14, 2009 4:53pm
Quoting malcolmb14
nope ....if we get 1.5300 so quickly ..we should all be scared ...lol

maybe 1.6000...maybe ... but who knows daily has 2 x doji with an up bar today.

It is all down to the FOMC on Wednesday. One change of the minutes even hinting at interest rate hikes sometime in 2010 the market will have an adverse reaction.

dj today ended on a low volume up day... not much buying up here. In VSA this is called a no demand bar day and is a sign of weakness.
lol...

wassup Mal...well...I agree....never say never....still got 2 weeks left....
enough for the beers to chill....
Hear the music before the song is over ...
  • #187,526
  • Dec 14, 2009 5:04pm Dec 14, 2009 5:04pm
Quoting Magix
**Snickers**

I took Mal 2x for $10 bux, still waiting on delivery....
lol...
btw, I read your technique of handling price objections yesterday...very nice...
keep em coming I enjoy reading stuff like that....
Hear the music before the song is over ...
  • #187,527
  • Dec 14, 2009 5:44pm Dec 14, 2009 5:44pm
Quoting GlobalMacro
lol...
btw, I read your technique of handling price objections yesterday...very nice...
keep em coming I enjoy reading stuff like that....
I try to only post plays based on my trading system at my thread...

Try to keep the room clear, and not wanting to seem like I am hijacking...you know...

I am only here part time, am working with some traders live stream, plays, entries, support, exits...that kind of thing. All in the name of fun and money.

Post em as I sees em, really, who wants to see somebody here have their ass handed to them so close to Christmas?

It's been a pleasure keeping up with your posts. I like good info, especially when mixed with a little humor!

Seasons Best

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,528
  • Dec 14, 2009 6:35pm Dec 14, 2009 6:35pm
This is the most awesome pair in the world the past few days
  • #187,529
  • Dec 14, 2009 9:04pm Dec 14, 2009 9:04pm
hello again everyone!

why are we moving in a straight line? is it because the market is waiting for news or is it because most of the traders are already in christmas break?
  • #187,530
  • Dec 14, 2009 9:12pm Dec 14, 2009 9:12pm
Hey Mal, I have a way for you to earn 10 back...

2 parter...

I say if you hedge a play now for 50 in both directions, in 24 hrs, you will be 100 pips the richer...

Will you take that bet?

Price mark, 1.6303
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,531
  • Dec 14, 2009 9:36pm Dec 14, 2009 9:36pm
Man the weekly pivot of 1.6313 has been holding strong for the past 8 hrs or so. Hopefully we break thru soon.

Mike
  • #187,532
  • Edited 10:59pm Dec 14, 2009 9:39pm | Edited 10:59pm
Hey Malcomb,
Great points! QUITE A FORECAST!
This is true and definitely needs to be paid attention to in my opinion!
Thanks for the link!

Quoting malcolmb14
this is a great post and the last sentence grabbed my attention...

Is Europe or the UK any better ????? That is what we have to ask ourselves. There is talk of the Euro being dissolved and France / Germany going back to their own currencies.

'Citigroup has just released a forecast which is very troubling in regards to employment and growth in the Spanish economy. With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010. Below is my translation of the [url="http://www.finanzas.com/noticias/empleo/2009-07-24/187038_brotes-negros-citigroup-pronostica-paro.html"][color=#cc6600]Spanish-language...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,533
  • Dec 14, 2009 10:02pm Dec 14, 2009 10:02pm
Yes, the DX, sorry I should be more specific.
Here it seems that the DX has surged a bit and cable is not reacting as it had....

True.. Yet what will it take for collapse of USD or Euro!

It would be interesting to see a DX retest of 94.5 send cable reeling!
Time to check the news board

The recent range has provided some nice short and long opps for bulls and bears. Now we are stuck and I am waiting for the next breakout.
In the mean time trying to pay further attention to the fundamentals, economies, news, etc.


Quoting malcolmb14
XTRade .. when you talk about usd and .80 ... do you mean the dollar index ? This is weighted 57% euro ... so if euro collapses there is a very high chance that dx could go to top of channel at 95.

Also wouldn't it be a massive money maker for the ' money ' guys to put the biggest USD short squeeze ever so their buddies China and Russia could get out of all the debt they have bought at a profit before the total collapse of the usd ???

as we see here dx has broken 50 sma on daily.... simple chart I will post better one later... now...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 53 KB
Click to Enlarge Name: Picture 4.png Size: 31 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,534
  • Dec 14, 2009 10:41pm Dec 14, 2009 10:41pm
Quoting XTrade
Yes, the DX, sorry I should be more specific.
Here it seems that the DX has surged a bit and cable is not reacting as it had....

True.. Yet what will it take for collapse of USD or Euro!
..........
...............
In the mean time trying to pay further attention to the fundamentals, economies, news, etc.
The global collapse of economies is already underway. Check out this article.

Dr. D.

http://www.personalliberty.com/wp-co...wenty_lead.jpg
The Morality of Paper Money

December 14, 2009 by Bob Livingston

Government printing press money distorts economic reality and dilutes morality. Financial speculation rises with the increase in paper money and the general work ethic deteriorates. The something-for-nothing mentality pervades society. Read this article to learn more about the devastating effects paper money has on society…

Read the story »
http://www.personalliberty.com/perso...f-paper-money/
..............
.....................
My friends, the “change” promised by politicians should remind us that some power, both political and economic, is built upon destructive forces. We have reminded you many times of the destruction of the middle class in the U.S. now going on.
When a segment of the population becomes impoverished they clamor for “change.” This is exactly what happened to bring about the rise of Adolph Hitler. The German population was largely impoverished as a result of depreciating paper currency. No U.S. politician would dare mention depreciating paper money, as Hitler did not. He had his own paper mark.
The destructive forces in America are in full appearance for the few who can see. But for the majority, they are blind to the biggest and greatest transfer of wealth in the history of the world. Yes, there is change for exactly the same reason as the destructive change that gave rise to Hitler.
..............
Topics:
Default of the United States? Not formally but by stealth,...
Scarcity of gold? Already evident…
New taxes? A value-added tax (VAT) as in Europe,…
Destruction of the middle class? It’s already begun.
Martial law? Yes, at some point.
.......................
  • #187,535
  • Edited 11:11pm Dec 14, 2009 10:54pm | Edited 11:11pm
Will read NOW! Great THX,
However! Dr D, Would you mind posting a compression chart as well!?
Perhaps H4 or H1 and M15?

This is precisely the reason I love physical gold and silver.
Preservation of assets, purchasing power, with gains and of course risk and volatility! What fun would it be w/o the last 2?
Although 10 year gold is not very unpredictable... UP.

CABLE is Trying to beak resistance at 6315 area

edit: failed. no volume. This market may break.. or LDN.. we'll see
Dragon is moving a bit!

Quoting fourxtrader
The global collapse of economies is already underway. Check out this article.

Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #187,536
  • Dec 14, 2009 11:17pm Dec 14, 2009 11:17pm
can't seem to break resistance
  • #187,537
  • Dec 14, 2009 11:26pm Dec 14, 2009 11:26pm
Can't really seem to go down either.
  • #187,538
  • Dec 14, 2009 11:26pm Dec 14, 2009 11:26pm
Quoting XTrade
Dr D, Would you mind posting a compression chart as well!?
Perhaps H4 or H1 and M15?
Here's what I'm watching... the 30m is approaching compression. Always better to start with the highest time frames for the greatest energy but they always take longer to mature. So, if the 5m and 15m should close first with some movement downward... then the 30m could explode in any direction for a major move. The 1m here which was already tightly compressed may move several directions and not provide a directional signal until the other tf's come into agreement.

I've added the 200ema and 24sma (dotted) for correlation with Magix's MTF system. The other dotted is a 54ema which also fits into both of our charts.

Dr. D.
Attached Images
  • #187,539
  • Dec 14, 2009 11:39pm Dec 14, 2009 11:39pm
Quoting saprasa
Ok... forget the guessing... I would like to put this out to you all and maybe we can come up with a potential trade!

This is basically 4 Hr GBPUSD with USD index. I have just displaced GBPUSD by some time periods to the left. The red candle is current USD Index and the black candle is GBPUSD displaced to the left.

This basically tell me that around 9-10 4 hour time periods later GBPUSD should spike up significantly.

I think I have now matched the moves of GU (with a lag on H4) and USD index....according to this wierd correlation as depicted in the attached chart, GU should move lower to test the lower end of the range at 1.616 in the next 8 hrs. Following this we should see a period of consolidation for the next 24-28 hrs and then a break out on the upside.

As a test I have shorted GU at 1.6285 on my live account.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 Dec 10.50am.jpg Size: 197 KB
  • #187,540
  • Dec 14, 2009 11:43pm Dec 14, 2009 11:43pm
With EUR/GBP pressing touching down on a daily up channel. This might force cable to drop to 220... shorting from 307 SL 330 TP 225... on the hourly chart.

Long Eur/GBP 9085 SL 9065 TP 9100. 0.1 lots here... long term trade... days...

Hope this theory works... My pic is the Eur/GBP chart showing th potential bounce off the daily trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: tank.gif Size: 19 KB
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