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Cable Update (GBPUSD)

  • #188,961
  • Dec 22, 2009 1:41pm Dec 22, 2009 1:41pm
THANK YOU
Quoting malcolmb14
do not get caught

so pros marked down price thru a very strong support levels on daily chart 1.6030.

Now we get a retest of 1.6000 level from underneath , so on a 15 min / 5 min we can sell again

price are only marked down thru support fast as professional money expect lowers prices.

I would only be going long on a break back above 6030 with a retest of that level from above.

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  • #188,962
  • Dec 22, 2009 1:42pm Dec 22, 2009 1:42pm
I am finding at times the demo at IBFX - Symbols just stop updating. It seems after a big run.

Open the market watch and check times.

I assume it is a technical issue... but if your staring at your vol chart and...... nada. thats why.

On with support now.

BR
  • #188,963
  • Dec 22, 2009 1:44pm Dec 22, 2009 1:44pm
Quoting malcolmb14
yes...where do you see it ?
DX 4h
  • #188,964
  • Dec 22, 2009 1:46pm Dec 22, 2009 1:46pm
Quoting malcolmb14
yes...where do you see it ?
DX 4h ,What do you think
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  • #188,965
  • Dec 22, 2009 1:49pm Dec 22, 2009 1:49pm
Quoting egkid
DX 4h
dx is an odd beast

candle patterns do not seem to apply to , nor does vsa on anything snaller than a daily time frame

go beck dec 17th , you will see the same pattern at 78.11

housing numbers were better than expected .. this is like putting gas on the ' interest rate hike expectations fire' and drove the dx to a new high for the quarter

To be honest I thought we drop 78 to 76.5 for wave 2 however it alsmost look loike wave 1 wants to go all the way to the 80 zxone.
Blogging daily now at www.volume.zone
  • #188,966
  • Dec 22, 2009 1:51pm Dec 22, 2009 1:51pm
Quoting atheer1
Hello,

I was short at 1.6091 SL at 1.6131,now I am taking 3/4 of my position for +90 pips moving SL to BE for the rest of my position.

May I enjoy a free ride?

atheer1
Hello,

Reasons for my trade:
-Daily trend is down so I was looking for aretracement to sell.
-at the opening of Frankfurt cable started to move up,then makes a high at 1.60997.
-at this level it was barely touching BB upper limit.
-around this level it was making 50% retracement of the last day down move.
-there were other Rs to the up move namely H4 and R1.
-the price still below 50 MA which acts as a good R on 1h TF in a downtrend.
-Then when the price retraced a bit I took it short at 1.6091.
-when having all these Rs BB,50 fib,50MA,H4,R1 in a downtrend why not to sell.
-when the trade unfolded and this hour closed below 50% of its range and below the upper limit of the inner set of BB(crimson....Chart) I knew that I was in the right train.

atheer1
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atheer1
  • #188,967
  • Dec 22, 2009 1:52pm Dec 22, 2009 1:52pm
Quoting malcolmb14
damn this year is longer than it seems

let me correct statement new 3 month high ? is that ok lol .....

IT has been a LONG WEEK with little sleep.

I trade what I see on my charts. Do Not listen to the Muppets.
  • #188,968
  • Dec 22, 2009 2:04pm Dec 22, 2009 2:04pm
Quoting malcolmb14
dx is an odd beast

candle patterns do not seem to apply to , nor does vsa on anything snaller than a daily time frame

go beck dec 17th , you will see the same pattern at 78.11

housing numbers were better than expected .. this is like putting gas on the ' interest rate hike expectations fire' and drove the dx to a new high for the quarter

To be honest I thought we drop 78 to 76.5 for wave 2 however it alsmost look loike wave 1 wants to go all the way to the 80 zxone.
OK Bro
Thanks ,Must go now
Cya later and wish u green +++
  • #188,969
  • Dec 22, 2009 2:07pm Dec 22, 2009 2:07pm
Guys do we going up ?
  • #188,970
  • Dec 22, 2009 2:17pm Dec 22, 2009 2:17pm
Great day 4 gbp/usd trading.
It was a bearish day 4 gbp_usd today.as u could simply see in the chart after three dogi candles one bearish candle covered all of them ,the market crossed 161.8 of fibonacci and of course one strong trend was broken so it was time to sell and make profit.this bearish movement was so strong that "Final GDP q/q" release that was bad for usd couldnt have bullish effect on it.
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There is no randomness. It is just Chaos, a higher form of order.
  • #188,971
  • Dec 22, 2009 2:43pm Dec 22, 2009 2:43pm
Quoting Pipfull
Great day 4 gbp/usd trading.
It was a bearish day 4 gbp_usd today.as u could simply see in the chart after three dogi candles one bearish candle covered all of them ,the market crossed 161.8 of fibonacci and of course one strong trend was broken so it was time to sell and make profit.this bearish movement was so strong that "Final GDP q/q" release that was bad for usd couldnt have bullish effect on it.

yes but look at GDP Uk and GDP us , GBP Uk -.3% q/q to +2.3% q/q . USD wins GBP sucks , who has the better growth ?

aud gdp q/q a mere .2%
jpy gdp 0.3 %
chf 0.3%
eur revised gdp 0.4%

USD crushes them all .....

In fact going forward US is forecasted to have bigger growth than all of the euro zone indlucing UK. (evben if the numbers are made up every month )

Also take note of housing data 6.54 m units , more than expected ... lets throw some gas on that ' interest rate rising ' fire.

any wonder dollar index is ripping up ?
Blogging daily now at www.volume.zone
  • #188,972
  • Dec 22, 2009 2:53pm Dec 22, 2009 2:53pm
Quoting malcolmb14
yes but look at GDP Uk and GDP us , GBP Uk -.3% q/q to +2.3% q/q . USD wins GBP sucks , who has the better growth ?

aud gdp q/q a mere .2%
jpy gdp 0.3 %
chf 0.3%
eur revised gdp 0.4%

USD crushes them all .....

In fact going forward US is forecasted to have bigger growth than all of the euro zone indlucing UK. (evben if the numbers are made up every month )

Also take note of housing data 6.54 m units , more than expected ... lets throw some gas on that ' interest rate rising ' fire.

any wonder dollar index is ripping up ?
ok
tnx malcolb14/so u pay attention to latest gdp s released on different currencies that have had effect on gbp/usd movement?
There is no randomness. It is just Chaos, a higher form of order.
  • #188,973
  • Dec 22, 2009 2:57pm Dec 22, 2009 2:57pm
Quoting Pipfull
ok
tnx malcolb14/

just thought I would throw that up there , as I also thought wow gdp worse than expected but usd crushing

next quarter I will have a little spreadsheet in excell so i can see all other GDP q/q as the news comes up . They seem to be fairly well spread out in the economic calender.
Blogging daily now at www.volume.zone
  • #188,974
  • Dec 22, 2009 3:00pm Dec 22, 2009 3:00pm
malcom when we gonna reach 1.63 again ?
  • #188,975
  • Dec 22, 2009 3:03pm Dec 22, 2009 3:03pm
Quoting dil
malcom when we gonna reach 1.63 again ?
Yeah,when?I'm tired waiting around 2 hours.
It's really can reach 1.63?maybe after X-Mass?
  • #188,976
  • Dec 22, 2009 3:09pm Dec 22, 2009 3:09pm
Lol i have long positions from 1.62 so im really mad now
  • #188,977
  • Dec 22, 2009 3:10pm Dec 22, 2009 3:10pm
Quoting malcolmb14
just thought I would throw that up there , as I also thought wow gdp worse than expected but usd crushing

next quarter I will have a little spreadsheet in excell so i can see all other GDP q/q as the news comes up . They seem to be fairly well spread out in the economic calender.
so u write them in excel and then conform your trades to them.right?
There is no randomness. It is just Chaos, a higher form of order.
  • #188,978
  • Dec 22, 2009 3:10pm Dec 22, 2009 3:10pm
Quoting dil
malcom when we gonna reach 1.63 again ?


errr .....lest see ...

oh crystal ball .....1.6300 when

to be very honest if this is top and we get droppage as we had in 2008 , as it looks like more iso coming down the pipeline based on euro monthly we may not see 1.6300 for a 12 to 18 month cycle...seems stupid but there is zero buying interest.

I have been wondering when we get some form of retrace into test 6400 my self , but has not come

again 6030 is level to watch on the charts . If we stay under that 80% chance we head to test low of channe 6030 to 5720 by mid jan or before.
Blogging daily now at www.volume.zone
  • #188,979
  • Dec 22, 2009 3:16pm Dec 22, 2009 3:16pm
I'm so mad...
  • #188,980
  • Dec 22, 2009 3:19pm Dec 22, 2009 3:19pm
i think we wont see 1.63 this life...same with eur/usd

the FED will destroy this...same with euro is overprized and it is true. grow of euro is not good for EU so...

6-8% will go down eur/usd to normal prize. but it is only my opinion. thats why i prefer extreme daily trading not fundamental and looong waitings...

btw FED has 0.25% rates...it is fu#@%$ng ridiculous this has to go up = it will help $
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