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Cable Update (GBPUSD)

  • #192,441
  • Jan 12, 2010 8:58pm Jan 12, 2010 8:58pm
Looks like there is an RSI divergence on the 4h(quite small though) and 1h
  • #192,442
  • Jan 12, 2010 10:22pm Jan 12, 2010 10:22pm
I see a clue of a big move up. H1 bent up from DP today (1.6134). Let's wait what happen ! Beware for seller !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,443
  • Jan 12, 2010 10:41pm Jan 12, 2010 10:41pm
Quoting manize
I see a clue of a big move up. H1 bent up from DP today (1.6134). Let's wait what happen ! Beware for seller !
Hopefully it continues to go up, I have a long open from 1.6119 from yesterday.
  • #192,444
  • Jan 12, 2010 10:42pm Jan 12, 2010 10:42pm
Quoting bogus
MACD divergence on one hour. Could be in for a nice drop.
seens div on rsx 4hour down , but they may be playing a game and push this to 1.6250 / 1.6300 test

I did not like that 50 pip move up in Asia under no volume and the 8 point risei n the ES futures since US close , when all Asian markets are moving down
Blogging daily now at www.volume.zone
  • #192,445
  • Jan 12, 2010 10:50pm Jan 12, 2010 10:50pm
Quoting manize
I see a clue of a big move up. H1 bent up from DP today (1.6134). Let's wait what happen ! Beware for seller !
If 1.6190/96 on H1 is broken I'm sure will go more up !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,446
  • Jan 12, 2010 10:55pm Jan 12, 2010 10:55pm
There is a lot of hot money in Asia today, and thats what is causing this unjustified moves in Cuurencies and espcially in GBP... This is poised for a big drop sooner or later

from now on , I would be more careful in Asian sessions, because of HOT MONEY in China
  • #192,447
  • Jan 12, 2010 10:57pm Jan 12, 2010 10:57pm
UJ is going up regardles of dollar index...?
The Market pays you to be disciplined
  • #192,448
  • Jan 12, 2010 11:00pm Jan 12, 2010 11:00pm
Becaue of the new Bnaking restrictions in China, there could be a liquidity drain, meaning, foreginers withdrawing cash into Dollars...thats why USD/JPY is going up...later all the currencies will follow and USD will rise again
  • #192,449
  • Jan 12, 2010 11:02pm Jan 12, 2010 11:02pm
That was a nice move up for sure. Hope you all got some pips. Here is my 5M chart and it is giving me a Bearish Signal. Although it still could move up to some outer extensions, I would think it would have already done it. We shall see. I recognized the pattern for the up move, and now added another short where I exited. I am going to keep my stops tight on this and will exit if it goes against me.

http://www.harmonictrader.com/price_patternscrab.htm


Enjoy

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"Keep your eyes on the helpers" - Mr. Rogers
  • #192,450
  • Jan 12, 2010 11:05pm Jan 12, 2010 11:05pm
down baby...down...
i hope malcolmbs mom push the botton again...
I will be the number one Manager.
  • #192,451
  • Jan 12, 2010 11:10pm Jan 12, 2010 11:10pm
1.6190 is rejected move up, if reversed down, I don't sure break 1.6121/134 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,452
  • Jan 12, 2010 11:15pm Jan 12, 2010 11:15pm
Quoting FXFundi
My 1st trade of the year closed with 10% profit. I'm now looking for a short from the 1.6300 level. I look for quality trades as apposed to quantity trades. Nice Fib convergence at 1.6280 and past support on Daily and Weekly.
Nice work FxF.... Good start to the year.

I suppose you agree with me on this one too...

http://www.forexfactory.com/showpost...stcount=192224
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,453
  • Jan 12, 2010 11:17pm Jan 12, 2010 11:17pm
Weekly R1,Monthly Pivot and Daily R1 is in 6200-6230 area....watch this
  • #192,454
  • Jan 12, 2010 11:22pm Jan 12, 2010 11:22pm
It seems like there are a lot of hot money flowing back to UK, I dont see any other reason for the rise in GBP
  • #192,455
  • Jan 12, 2010 11:23pm Jan 12, 2010 11:23pm
Quoting m.haggag
It will be

Shad, are u do well with Net-tardeX the platform of IFC ??... i have an account too with ifc (the main account) but i do my analysis on metatrader

I Apply Both Of Them 4 Analysis.
Attached Image(s) (click to enlarge)
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Attached Image
* Never Trust To Any Indicator *
  • #192,456
  • Jan 12, 2010 11:42pm Jan 12, 2010 11:42pm
the next 4 hours,,will be atleast 100 pips to the upside ..huge long setup
  • #192,457
  • Jan 12, 2010 11:50pm Jan 12, 2010 11:50pm
Hi Shad ... regarding to your SHORT yestrday .. did u close them ?? i thought your TP was sooooooo deep!
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,458
  • Jan 12, 2010 11:51pm Jan 12, 2010 11:51pm
Quoting Shad
I Apply Both Of Them 4 Analysis.
Very Excellent Charts
"Keep your eyes on the helpers" - Mr. Rogers
  • #192,459
  • Jan 12, 2010 11:57pm Jan 12, 2010 11:57pm
Quoting Gucc
the next 4 hours,,will be atleast 100 pips to the upside ..huge long setup
i am waiting her to come down at level 1.6150-1.6155 to go up to kiss 6224 .. hope that it works with me.
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,460
  • Jan 12, 2010 11:59pm Jan 12, 2010 11:59pm
Quoting WedWed
Hi Shad ... regarding to your SHORT yestrday .. did u close them ?? i thought your TP was sooooooo deep!
It's Not As Deep As U Think !

Have U Never Heard About Triple Top Pattern...!?
Attached Image (click to enlarge)
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* Never Trust To Any Indicator *
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