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Cable Update (GBPUSD)

  • #192,241
  • Jan 12, 2010 3:31am Jan 12, 2010 3:31am
Quoting Magix
Excellent observation, and much the same thing I am looking at....

BUT....

Because I try to keep an eye on all time frames...you have to keep the support line of the 24 SMA on the daily as well..Because we are above this line, we have support by it, so because we are long on the daily, long on the H4, assumption of long trend might be in play. Because we have tinkered in this area, I would consider this a consolidation zone. Play between the support of the 24SMA on the daily and resistance of the 200EMA on the daily...which ever breaks first...WINS!...
Thanks for the explanation, really useful.
  • #192,242
  • Jan 12, 2010 3:41am Jan 12, 2010 3:41am
Quoting wormboy
Daily candles are not decided while still open. It can be rejected now & works another way later. You might be right regarding a bounce up from here on but your reasoning in regards to the daily candle is completely off.
Anyway, breakout is imminent either way you look at it as price currently in a tight bottleneck.
I don't however see any short term bullishness based on attached chart. Welp, maybe because I am still selling that I see the admittingly dodgy looking shampoo or the fact that short term price is still creating lower highs & lower...
Wormie, we at opposite ends today mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,243
  • Jan 12, 2010 3:43am Jan 12, 2010 3:43am
Quoting WedWed
turn it now to BE ...
how you didnt saw that it bounce of from support ?
  • #192,244
  • Jan 12, 2010 3:48am Jan 12, 2010 3:48am
Quoting Bull_Bear
Wormie, we at opposite ends today mate
Yo Q lol
I'm a mercenary till a proper trend can be established brother.
Thank You
  • #192,245
  • Jan 12, 2010 3:53am Jan 12, 2010 3:53am
Quoting wormboy
Yo Q lol
I'm a mercenary till a proper trend can be established brother.
Everyone is idiot in this thread except you wormboy lol
  • #192,246
  • Jan 12, 2010 3:56am Jan 12, 2010 3:56am
The next targets is 1.6175, and then 1.6225
  • #192,247
  • Jan 12, 2010 3:57am Jan 12, 2010 3:57am
Quoting dil
Everyone is idiot in this thread except you wormboy lol
lol dil you better run for the hills
Thank You
  • #192,248
  • Jan 12, 2010 3:58am Jan 12, 2010 3:58am
looks like bull trend on GBP across the board on European session
  • #192,249
  • Jan 12, 2010 3:58am Jan 12, 2010 3:58am
Quoting wormboy
lol dil you better run for the hills
Lol this about my photo ?
  • #192,250
  • Jan 12, 2010 3:59am Jan 12, 2010 3:59am
Guys, whatever it is, do not short, the destructive momentum to break all the bearish trends is coming... I truly believe now there is something being cooking up to push the Cable up
  • #192,251
  • Jan 12, 2010 4:06am Jan 12, 2010 4:06am
Hi Dil? How are you?
GBPUSD

Support: 1.6058
Resistant: 1.6193

Growth Pounds from 1.6058 to 1.6193 against the dollar usa over the last trading day unexpectedly ended. Prices fell back to 1.6088. Expected to retern in the range 1.5830 - 1.5890 an early goal.
trading strategy: Buy from 1.6140 stop 1.6050 าะ 1.6300, Sell from 1.6050 stop 1.6140 าะ 1.5700
  • #192,252
  • Jan 12, 2010 4:07am Jan 12, 2010 4:07am
Quoting Privet
Hi Dil? How are you?
GBPUSD

Support: 1.6058
Resistant: 1.6193

Growth Pounds from 1.6058 to 1.6193 against the dollar usa over the last trading day unexpectedly ended. Prices fell back to 1.6088. Expected to retern in the range 1.5830 - 1.5890 an early goal.
trading strategy: Buy from 1.6140 stop 1.6050 าะ 1.6300, Sell from 1.6050 stop 1.6140 าะ 1.5700
hi 60pips today and how you ?
  • #192,253
  • Jan 12, 2010 4:08am Jan 12, 2010 4:08am
Quoting dil
Everyone is idiot in this thread except you wormboy lol
Dil.... wot does the name sound like..... lol

You look better with the aminanted butt shaker
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,254
  • Jan 12, 2010 4:09am Jan 12, 2010 4:09am
Quoting Jassim
Guys, whatever it is, do not short, the destructive momentum to break all the bearish trends is coming... I truly believe now there is something being cooking up to push the Cable up
the trade balance numbers were better than forecasted, thats where gbp found it's bullish move up. SO gotta wait for the peak of it in European session on G/U possibly the mondas high of 6188 would be very nice place to short, unless it pushes higher
  • #192,255
  • Jan 12, 2010 4:10am Jan 12, 2010 4:10am
Quoting dil
Everyone is idiot in this thread except you wormboy lol
Including you I take it? Since you're here too...
Ghost Rider - WWTBMD?
  • #192,256
  • Jan 12, 2010 4:10am Jan 12, 2010 4:10am
1.6225
1.6195
1.6175
1.61 last price
1.607
1.601
1.596

http://www.tradingcentral.com/chart/...0112101641.gif
  • #192,257
  • Jan 12, 2010 4:11am Jan 12, 2010 4:11am
Quoting Bull_Bear
Dil.... wot does the name sound like..... lol

You look better with the aminanted butt shaker
ei wtf wrong with u ?
  • #192,258
  • Jan 12, 2010 4:11am Jan 12, 2010 4:11am
Quoting Jassim
Guys, whatever it is, do not short, the destructive momentum to break all the bearish trends is coming... I truly believe now there is something being cooking up to push the Cable up
You will find when time has run out the market will change direction. OVER AND OVER AND OVER again - as in the past the future shall bring. It does not change. There is a natural rythym in each market that never changes. It is called the Delta Phenomenon or the Market Matrix if you are a Steve Copan fan.
  • #192,259
  • Jan 12, 2010 4:12am Jan 12, 2010 4:12am
Dil ! I'm ok! thank you. Waiting profit. In Togliati -15 C now.
  • #192,260
  • Jan 12, 2010 4:12am Jan 12, 2010 4:12am
Quoting dil
ei wtf wrong with u ?
Dude if you shove it, you can cop one too.

Was a joke
Veni, Vidi, Vici (We came, we saw, we conquered)
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