Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#188,341
Dec 18, 2009 7:58am Dec 18, 2009 7:58am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

if the USD/JYP rolls over on its resistance and this appears to be going up after a 15 minute close i'll look for a long back up to the top of the channel.

but fridays are always tricky to trade. so not going to do as many lots and will move to BE asap.

#188,342
Dec 18, 2009 8:00am Dec 18, 2009 8:00am

Endrju
| Joined Apr 2009 | Status: Trader | 285 Posts

went small long at 6160, 15 min TL isn't broken, sl is 15 pips. we could see 6220, if there is a break then we will go down strongly and i will change to short side

#188,343
Dec 18, 2009 8:00am Dec 18, 2009 8:00am

Jemmy
| Joined Oct 2009 | Status: BIG DOG | 492 Posts

where is Samdani? how is the USD index?

Patience + Discipline =

#188,344
Dec 18, 2009 8:05am Dec 18, 2009 8:05am

trabagwe
| Joined Jul 2009 | Status: Trader | 373 Posts

going long @70

#188,345
Dec 18, 2009 8:08am Dec 18, 2009 8:08am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

looks like we're rolling over.

going to look for long opportunities with tight tight stop.

#188,346
Dec 18, 2009 8:09am Dec 18, 2009 8:09am

trabagwe
| Joined Jul 2009 | Status: Trader | 373 Posts

now long trailing stop @50

#188,347
Dec 18, 2009 8:19am Dec 18, 2009 8:19am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

broker just completely jipped me. bought at .6163 and it put me in at .6168.

anyway my stop is right below the swing low at .6153. if we break that then i dont see this trending line holding.

#188,348
Dec 18, 2009 8:30am Dec 18, 2009 8:30am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

again euro or gbp any better form a fundamental stand point ?

ok no le;ts look dx ...

resistance 78 ..... do not know if it has the power to break thru this in low vol xmas trading volumes , so we could go into range conditions next week

a pull back to 76 ish maybe forming wave 2 , wave 3 will satart in the New Year moving into 82 to 85

fact is this is a very bullish move on daily chart that has been forming for last 8 week ....

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Quoting XTrade

Disliked

Hmmm.. I smell bullshit out of US too!
So where does that leave us?!

Here is foreign sentiment of more massive USD printing!

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

Tonght I noticed DXY hold stationary while Swissy fell and Cable rose, just a thought.

Ignored

Blogging daily now at www.volume.zone

#188,349
Dec 18, 2009 8:38am Dec 18, 2009 8:38am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

news is designed for one thing only .....

looks like that fellow was left behind on the long bus and now wants on .. post some bs .

Half these guys do not know what they are talking about , more than half. The charts do not lie. DX has been getting accumulated for weeks.

Remember on news oil to 200 at 149 .. where is it now ? and gold to 1600 by end 2010 ? I have target 900. Think opposite to what you read n the news and 9 time out of 10 you will be right.

think that US , china and Russia would allow the demise of the usd ? when they have so many bonds that they want to make trillions on ? come on ...

dollar is going into buy super cycle euro will get crushed to sub parity . Then they can change all usd reserves into euro currency reserves as the international money is changed from usd to euro.

Quoting XTrade

Disliked

Hmmm.. I smell bullshit out of US too!
So where does that leave us?!

Here is foreign sentiment of more massive USD printing!

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

Tonght I noticed DXY hold stationary while Swissy fell and Cable rose, just a thought.

Ignored

Blogging daily now at www.volume.zone

#188,350
Dec 18, 2009 8:39am Dec 18, 2009 8:39am

melba
| Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts

....for me , market not very easy to read right now , so i'm going to stick to the view of a trending down market , broke 1.62 ytd, went down to 1.61 , bounced back to 1.62/16250 for confirmation , and now back under 1.62 .........so going short again at 16180 , sl 16215, targ 161 .....
of course could be compleeeetly wrooong ........will see.......

#188,351
Dec 18, 2009 8:41am Dec 18, 2009 8:41am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting melba

Disliked

....for me , market not very easy to read right now , so i'm going to stick to the view of a trending down market , broke 1.62 ytd, went down to 1.61 , bounced back to 1.62/16250 for confirmation , and now back under 1.62 .........so going short again at 16180 , sl 16215, targ 161 .....
of course could be compleeeetly wrooong ........will see.......

Ignored

look 4 hour this is just a bear flag .....

liekly will break next week

Blogging daily now at www.volume.zone

#188,352
Dec 18, 2009 8:48am Dec 18, 2009 8:48am

melba
| Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts

Quoting malcolmb14

Disliked

look 4 hour this is just a bear flag .....

liekly will break next week

Ignored

..thanks malcolmb for pointing it out,..i might move my sl a bit higher , just above the top of the flag ...about 16235/40 ...will see ,thks...

#188,353
Dec 18, 2009 8:51am Dec 18, 2009 8:51am

scurt
| Joined Jun 2009 | Status: Trader | 622 Posts

going [email protected] sl6210 tp6100

#188,354
Dec 18, 2009 8:57am Dec 18, 2009 8:57am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

stubborn daily pivot point.

#188,355
Dec 18, 2009 9:00am Dec 18, 2009 9:00am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

give up you dollar bears!

#188,356
Dec 18, 2009 9:09am Dec 18, 2009 9:09am

egkid
Joined Apr 2008 | Status: Trader | 9,414 Posts

Quoting malcolmb14

Disliked

again euro or gbp any better form a fundamental stand point ?

ok no le;ts look dx ...

resistance 78 ..... do not know if it has the power to break thru this in low vol xmas trading volumes , so we could go into range conditions next week

a pull back to 76 ish maybe forming wave 2 , wave 3 will satart in the New Year moving into 82 to 85

fact is this is a very bullish move on daily chart that has been forming for last 8 week ....

Attachment

Ignored