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Cable Update (GBPUSD)

  • #190,121
  • Dec 30, 2009 10:36am Dec 30, 2009 10:36am
malcom

do u think it will retrace back to 5960 after new year.
  • #190,122
  • Dec 30, 2009 10:38am Dec 30, 2009 10:38am
look at the chart and see the gap i see
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd gap.gif Size: 65 KB
  • #190,123
  • Dec 30, 2009 10:38am Dec 30, 2009 10:38am
Quoting mosheber
this move is a real madness. no sense at all. eurusd went down and gu went up 205 pips.

Hence, it looks to me that EUR/GBP is a solid candidate for a correction right now
"Luxury is one of the basic needs", (c), Don Corleone
  • #190,124
  • Dec 30, 2009 10:40am Dec 30, 2009 10:40am
Quoting pacha group
look at the chart and see the gap i see
lol

might have been the cleaningwoman of your bucketshop which accidentally pulled out the power cord of the pricefeed-server whilst hoovering
  • #190,125
  • Dec 30, 2009 10:40am Dec 30, 2009 10:40am
Quoting pacha group
look at the chart and see the gap i see
lol i dont have this on my chart
Pation is the Holy Grail
  • #190,126
  • Dec 30, 2009 10:40am Dec 30, 2009 10:40am
I think someone in London did this..let see after London close..
Patience + Discipline =
  • #190,127
  • Dec 30, 2009 10:41am Dec 30, 2009 10:41am
Quoting Nomi1
malcom

do u think it will retrace back to 5960 after new year.

well based on daily NO ..... daily looks like reversal set up


BUT based on everything else
1) gold 1090
2) dx 7 cents from res and been there all morning
3) es in tight 3 point range all day
49 eu heading down as gu headed up 200 pip

I am suggested pros are using low volume times to test supply 6020.

I think forget 5750 ..... think 5500 if this is right and this is just a bs move up for repositioning for selling at ' higher prices' in the new yea.r

Only when next week starts can we tell for sure.
Blogging daily now at www.volume.zone
  • #190,128
  • Dec 30, 2009 10:41am Dec 30, 2009 10:41am
it even shows when i open a new chart , Weird only pair it did that ..
i don't know but im shot with stop at 1.6070
  • #190,129
  • Dec 30, 2009 10:42am Dec 30, 2009 10:42am
Quoting Jemmy
I think someone in London did this..let see after London close..
I told my MUM

" MUM do not push the buy button ok"

she never listens....
Blogging daily now at www.volume.zone
  • #190,130
  • Dec 30, 2009 10:45am Dec 30, 2009 10:45am
Quoting malcolmb14
I told my MUM

" MUM do not push the buy button ok"

she never listens....

well 30m candles are showing bulls are loosing the power.. what do you think?
Pation is the Holy Grail
  • #190,131
  • Dec 30, 2009 10:46am Dec 30, 2009 10:46am
Quoting malcolmb14
i missed it ... took the sell last night but missed up move today. dx , gold and indexes did not line up for gu move for me.

scored a bit on eu though so was happy ... not as happy as you though

Interesting daily now. Could almost be a solid reversal if we get follow thru of this move in the New Year

I still think this is BS though ....lol
a re test of 1.6030 supply zone , all ready for the big boys to come back next week and sell the snot out of it.

Have a great and restful weekend.
that's right Mal...correlations break down from time to time...that's why I don't like to play them....

I will be watching very carefully though to see if there is any follow-thru buying....

Have great relaxing holidays too buddy.
Hear the music before the song is over ...
  • #190,132
  • Dec 30, 2009 10:47am Dec 30, 2009 10:47am
Quoting malcolmb14
I told my MUM

" MUM do not push the buy button ok"

she never listens....
Man!! Does she have a boyfriend?? I really like to meet her!! LOL!!
  • #190,133
  • Dec 30, 2009 10:49am Dec 30, 2009 10:49am
Quoting pacha group
it even shows when i open a new chart , Weird only pair it did that ..
i don't know but im shot with stop at 1.6070

dont worry..its normal for small timeframe (5m) to have a gap, plus cable move at a very high speed back then....my chart same like yours and the gap is there
Yeahh!!
  • #190,134
  • Dec 30, 2009 10:49am Dec 30, 2009 10:49am
Quoting mosheber
this move is a real madness. no sense at all. eurusd went down and gu went up 205 pips.
Hi, through informed resources...this madness "might be" a result of Kraft having increased Cadbury bid by another 3 Billion today.

I tried searching for this story on net but could not find anywhere..but someone told me in chatroom.


This is my first post on FF. I am working as a FX Dealer for a big corporate.
  • #190,135
  • Dec 30, 2009 10:50am Dec 30, 2009 10:50am
Still lot of steam left in this pair. Does anyone think its worth to take short when the momentum reduces or reversal sign is seen.
  • #190,136
  • Dec 30, 2009 10:52am Dec 30, 2009 10:52am
and now every thing is rising.
  • #190,137
  • Dec 30, 2009 10:52am Dec 30, 2009 10:52am
This move is due to GBP strength rather than dollar weakness. Look at the GBP/EUR chart, same madness there. Why the GBP has suddenly gained this much strength I have no idea, but someone obviously knows something we dont. I know volume is low over days like these which can cause moves to become exagerated but this is way overboard. No mention of anything on bloomberg either.
  • #190,138
  • Dec 30, 2009 10:54am Dec 30, 2009 10:54am
Quoting CzechTrade

well 30m candles are showing bulls are loosing the power.. what do you think?
wrong again.. wonder why do i even try.. i suck
Pation is the Holy Grail
  • #190,139
  • Dec 30, 2009 10:54am Dec 30, 2009 10:54am
i have a feeling it will collapse soon maybe another 100 pip up and then .....1.00 lol
  • #190,140
  • Dec 30, 2009 10:59am Dec 30, 2009 10:59am
now at yesterday high..tempting to hit sell button..any advices?
Patience + Discipline =
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