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Cable Update (GBPUSD)

  • #188,301
  • Dec 18, 2009 2:44am Dec 18, 2009 2:44am
Quoting TheGabriel
Watching with VSA...doesn't it look like the typical fake run to sell at better price? Greedy B@st@%&$....hope I'm right and the upmove was a manipulation.
I read a book about what you are describing. Insider hogwash.....all us small players don't see as clear as they do. The market comes back around though, as you mentioned.
  • #188,302
  • Dec 18, 2009 2:48am Dec 18, 2009 2:48am
It sucks... Short again at 1.6239 SL 6270...I dont think i'll lose my money one more times
  • #188,303
  • Dec 18, 2009 2:56am Dec 18, 2009 2:56am
Hmmm.. I smell bullshit out of US too!
So where does that leave us?!

Here is foreign sentiment of more massive USD printing!

Quote
Chinese central banker Zhu Min said that the dollar is set to weaken further and it will become more difficult for nations to buy U.S. Treasuries.

“When the U.S. has to fund its deficit through the combination of issuing more Treasuries and printing more dollars, it is inevitable that the dollar will continue to weaken,” Deputy Governor Zhu said at a forum in Beijing today.

China, the biggest foreign holder of Treasuries with $798.9 billion of the securities, expressed concern this year at the safety of its dollar assets and central...

http://www.bloomberg.com/apps/news?p...d=aLHD8QY9fQsU

Tonght I noticed DXY hold stationary while Swissy fell and Cable rose, just a thought.
Quoting malcolmb14
yes 100 % ... but how long this lasts for who knows.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #188,304
  • Dec 18, 2009 2:57am Dec 18, 2009 2:57am
Quoting TaoTrader
I read a book about what you are describing. Insider hogwash.....all us small players don't see as clear as they do. The market comes back around though, as you mentioned.
Yes, banks know what other banks are doying and where the big money sits and when it comes in so we're blind somewhat but we can still see their actions with small signs... get a job some big hedge fund and you'll get rich
"Hate the sin, love the sinner." - Gandhi
  • #188,305
  • Dec 18, 2009 2:57am Dec 18, 2009 2:57am
This appears to be a 1-2-3 pattern. It can also be seen with a head and shoulders reversal pattern. If you see the market go up, down, then up again without going through you can short, because the price will likely be going down. It also appears to be a rising wedge on the 4-hour, a signal that the downtrend is still in progress.
  • #188,306
  • Dec 18, 2009 3:04am Dec 18, 2009 3:04am
Quoting FXTheOne
It sucks... Short again at 1.6239 SL 6270...I dont think i'll lose my money one more times
SL above 6270 is a good idea. All remain sell mode under that price
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,307
  • Dec 18, 2009 3:06am Dec 18, 2009 3:06am
Quoting Magix
**snickers**
Bro.. hows u doin.. any position now?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,308
  • Dec 18, 2009 3:14am Dec 18, 2009 3:14am
Quoting Yngwie
Bro.. hows u doin.. any position now?
Holding...waiting for long confirmation on the 1m...current support @ the 200EMA...failure of that..I wont have confirmation until we drop threw the hour..so will be heading off to bed....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,309
  • Dec 18, 2009 3:16am Dec 18, 2009 3:16am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
youre going long?
  • #188,310
  • Dec 18, 2009 3:16am Dec 18, 2009 3:16am
Im still short from 6222.....TP at 6150
  • #188,311
  • Dec 18, 2009 3:20am Dec 18, 2009 3:20am
Quoting jaboo
youre going long?
If we hold support and I get confirmation...Yes, I will go long.

If we fail to hold support, I will not be going long.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,312
  • Dec 18, 2009 3:20am Dec 18, 2009 3:20am
No signal yet to make any decision. I think everybody is waiting for the upcoming news. Maybe this one will affect the market. I am waiting for the news to come. Will be straddling then.
  • #188,313
  • Dec 18, 2009 3:23am Dec 18, 2009 3:23am
Quoting jaboo
youre going long?
I would wait until you get confirmation. Still moving downwards. SMA's still down and has not hit the fib yet.
  • #188,314
  • Dec 18, 2009 3:24am Dec 18, 2009 3:24am
Quoting Magix
If we hold support and I get confirmation...Yes, I will go long.

If we fail to hold support, I will not be going long.
Magix,

It was good chatting with you. It's good to chat and compare notes with someone that reads and inteprets the charts the same way as me. Made my 139 pips for the day so I will call it good. Don't feel like sweating out the news tonight.
  • #188,315
  • Dec 18, 2009 3:26am Dec 18, 2009 3:26am
hello,

I am short from 1.6230,and we will see what will happen next?

atheer1
atheer1
  • #188,316
  • Dec 18, 2009 3:26am Dec 18, 2009 3:26am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Ctic
I would wait until you get confirmation. Still moving downwards. SMA's still down and has not hit the fib yet.
yeah ive been short since .6230. was wondering why he was looking for a long instead of following overall trend.
  • #188,317
  • Dec 18, 2009 3:28am Dec 18, 2009 3:28am
Quoting Ctic
Magix,

It was good chatting with you. It's good to chat and compare notes with someone that reads and inteprets the charts the same way as me. Made my 139 pips for the day so I will call it good. Don't feel like sweating out the news tonight.
I hear ya brother...looks like 200EMA not holding on the 1m, I be awf ta bed.

Great job on the Pippage!

Take care mango!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,318
  • Edited 4:15am Dec 18, 2009 3:31am | Edited 4:15am
My long was hit again at BE (second BE today), while i was cooking some meat . Just Re-opened to short this time at 1.6206. Stop loss AGAIN at Break even after fast drop +10. Maybe this time the "real" selling starts
I'v changed my intraday bias too many times today already

edit: ok, this one too got hit at break even. Thats it for me. There is no real direction today. Xmas coming and so on, maybe wait after new year.
  • #188,319
  • Dec 18, 2009 3:31am Dec 18, 2009 3:31am
Quoting Jemmy
short @6145 TP=6090..
6195..floating -50pips..
Patience + Discipline =
  • #188,320
  • Dec 18, 2009 4:24am Dec 18, 2009 4:24am
Hi all,

I have seen a lot of people holding shorts which is fine if you have the patience to hold ....If we get a close above the 1.6240 on the 4 hourly..my next target will be 330/370.Even though we have broken the lower value of 1.6100 and major support at 1.6160, It seems like it wants to play range..

Good Luck
GeppyG
Let Price determine your future!
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