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Cable Update (GBPUSD)

  • #191,101
  • Jan 6, 2010 9:13pm Jan 6, 2010 9:13pm
GU NN and NFP

Chart 1 is 4 hour, suggesting we are closer to a bottom, but we still have some room here, +/-100 odd pips

Chart 2 is daily, suggesting a temporary trend shift

So if this NFP comes out really BAAD , USD had it in the a$$
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
Click to Enlarge Name: gud.gif Size: 19 KB
  • #191,102
  • Jan 6, 2010 9:18pm Jan 6, 2010 9:18pm
Quoting forexlion
GU NN and NFP

Chart 1 is 4 hour, suggesting we are closer to a bottom, but we still have some room here, +/-100 odd pips

Chart 2 is daily, suggesting a temporary trend shift

So if this NFP comes out really BAAD , USD had it in the a$$
Intraday bias in GBP/USD remains mildly on the downside with 1.6067 minor resistance intact. Current fall from 1.6237 is in favor to continue to retest 1.5829 low. Nevertheless, note that firm break there is needed to confirm fall resumption, otherwise, we'd expect some more sideway trading first. Above 1.6067 minor resistance will flip intraday bias back to the upside for 1.6237 and possibly above to continue the correction. Break of 1.5829 will bring resumption of whole fall from 1.6875 and target key cluster support of 1.5706 next.
  • #191,103
  • Jan 6, 2010 9:20pm Jan 6, 2010 9:20pm
Quoting forexlion
GU NN and NFP

Chart 1 is 4 hour, suggesting we are closer to a bottom, but we still have some room here, +/-100 odd pips

Chart 2 is daily, suggesting a temporary trend shift

So if this NFP comes out really BAAD , USD had it in the a$$
it cud make a good trading day if we're keeping the rule.

Thx for posting the chart analysist

Hope For Good pips fo you today mate
Guide me please
  • #191,104
  • Jan 6, 2010 9:47pm Jan 6, 2010 9:47pm
Gonna try a long here at 6007. Stopping volume on the 5m with a small shake and test. Dr D's moving averages are converging also.
  • #191,105
  • Jan 6, 2010 10:11pm Jan 6, 2010 10:11pm
Today may up above 1.6068 may down below 1.5928, or ranging between those level ! Trade well what you see bro. Pay attention DP today 1.6005 !
Attached Image(s) (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,106
  • Jan 6, 2010 10:20pm Jan 6, 2010 10:20pm
1 hour planning something
Attached Image (click to enlarge)
Click to Enlarge Name: gud.gif Size: 16 KB
  • #191,107
  • Jan 6, 2010 10:26pm Jan 6, 2010 10:26pm
Quoting Accumulation
Gonna try a long here at 6007. Stopping volume on the 5m with a small shake and test. Dr D's moving averages are converging also.
Nice entry ---> at least goes to 1.6022/34 for + 20/30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,108
  • Jan 6, 2010 11:00pm Jan 6, 2010 11:00pm
Quoting manize
Nice entry ---> at least goes to 1.6022/34 for + 20/30 pips !

Thanks manize but stopped out at B/E. May break to the downside.
  • #191,109
  • Jan 6, 2010 11:20pm Jan 6, 2010 11:20pm
Quoting Accumulation
Thanks manize but stopped out at B/E. May break to the downside.

vsa works a little better on 10 min charts .. with the slightly higher time frame you can see the background. i took same trade you did but closed +11 when I saw price trying to rise on ultra low volume. GU may be accumualting at 1.6000 , but i sure would like to see some stopping volume coming in or some form of dshake out if she is going to rise
Blogging daily now at www.volume.zone
  • #191,110
  • Jan 6, 2010 11:24pm Jan 6, 2010 11:24pm
EMA compression is building up again. There is a big move around the corner. My opinion it is down but have an OCO for both up and down moves. Good luck to all your trades may all have more pips today!
  • #191,111
  • Jan 6, 2010 11:32pm Jan 6, 2010 11:32pm
Strong short signal given by ichimoku in 5m chart. Just went short at 6000
  • #191,112
  • Jan 6, 2010 11:34pm Jan 6, 2010 11:34pm
Don't know if this has been discussed yet but one of the UK's top economists has announced that he expects GBP interest rates to stay below 1% for the next 5 years. its being discussed right now live on BBC news
The greatest force on earth is compound interest.
  • #191,113
  • Jan 6, 2010 11:39pm Jan 6, 2010 11:39pm
Quoting sebastionay
Don't know if this has been discussed yet but one of the UK's top economists has announced that he expects GBP interest rates to stay below 1% for the next 5 years. its being discussed right now live on BBC news
news is 99% of time made up BS to manipulate markets everything one needs to know is in the charts

on my day trading chart 10 min there is support 1.6000 . possible buying coming in on dip to 1.5980 , just got to wait for next 10 min candle to see if there is a long set up.
Blogging daily now at www.volume.zone
  • #191,114
  • Jan 6, 2010 11:44pm Jan 6, 2010 11:44pm
I certainly hope its BS it would completely change the way of life here.
The greatest force on earth is compound interest.
  • #191,115
  • Jan 6, 2010 11:48pm Jan 6, 2010 11:48pm
Quoting Accumulation
Thanks manize but stopped out at B/E. May break to the downside.
Loss is a part of trade. You have the chance next coming hours !
The real trend for today after London session open !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,116
  • Jan 7, 2010 12:02am Jan 7, 2010 12:02am
Quoting manize
Loss is a part of trade. You have the chance next coming hours !
The real trend for today after London session open !
Yes, I reversed and went short at 5997. Shooting for 5955.
  • #191,117
  • Jan 7, 2010 12:09am Jan 7, 2010 12:09am
Quoting Magix
Great summary in my absence.

I played a few longs into London and went for nappy time leaving on a short note....
Target zone reached.

CHA CHING!

Forecast
&
Current.
Attached Image(s) (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,118
  • Jan 7, 2010 12:23am Jan 7, 2010 12:23am
Quoting Accumulation
Yes, I reversed and went short at 5997. Shooting for 5955.
I maybe long surrounding there !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,119
  • Jan 7, 2010 12:24am Jan 7, 2010 12:24am
Quoting Magix
Target zone reached.

CHA CHING!

Forecast
&
Current.
As always Magix, exactly the same place I have it.
  • #191,120
  • Jan 7, 2010 12:26am Jan 7, 2010 12:26am
Quoting manize
I maybe long there !

Out at 5965 manize. I'm happy.
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