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Cable Update (GBPUSD)

  • #193,961
  • Jan 18, 2010 6:57pm Jan 18, 2010 6:57pm
Some quick scalping and now I've taken back my losses from last week.
Superb. I didn't think my first target would arrive so soon though... didn't plan my trade on that at all. gulp
A pip is only worth it if you know how much you risked to earn it
  • #193,962
  • Jan 18, 2010 7:02pm Jan 18, 2010 7:02pm
Quoting Petar_Serbia
As i said yesterday expect bulish month,very bulish,now i see good another retrace for buy...Be caregul with shorts...



Cheers
As i said good opotunity for but and 90 pips current...


Updated picture >
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusduptated.gif Size: 30 KB
"Buy on fear, sell on greed !!!
  • #193,963
  • Jan 18, 2010 7:04pm Jan 18, 2010 7:04pm
Quoting 99vt66
PA still in stalling/pb mode since breaching bullish trigger/threshold @16348 lvl.
New bearish trigger @16185 is likely to hold and will break to the upside of the higher band of the Prevailing consol mode located @16770/16890 level capped by 17035lvl as soon as e/u have recovered from its current bearish squeeze.

Sellers/shorters of this pairs will have to bear some pain and most will likely to bail once the upside thrust is under way.

Assuming If and when the bearish trigger@16185 is breached(very unlikely...



Hope somebody took the cue from my post yesterday and avoided the pain.


AND the PA(P.Announcement) today is:

A fool mouth is his undoing,
And his lips are a snare to his soul.
He finds no pleasure in understanding,
But delights in airing his own opinion.


GL and cheers........
  • #193,964
  • Jan 18, 2010 7:05pm Jan 18, 2010 7:05pm
Quoting Petar_Serbia
As i said good opotunity for but and 90 pips current...


Updated picture >

longs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.

either
1) CPI is really really bad
2) Cadbury deal falls thru

I am waiting for the right time to sell this .... could be the last chance we get this year....
Blogging daily now at www.volume.zone
  • #193,965
  • Jan 18, 2010 7:08pm Jan 18, 2010 7:08pm
I've been long on Cable since Friday on technicals. But finally exited due to this Cadbury news. I was hoping to hold on to my long position going into the economic numbers tomorrow (Goldman's bullish views on UK numbers). But I took my pips just now and ran. I guess I can't be too greedy?
  • #193,966
  • Jan 18, 2010 7:15pm Jan 18, 2010 7:15pm
last chance for sell ? am not sure man

Quoting malcolmb14
longs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.

either
1) CPI is really really bad
2) Cadbury deal falls thru

I am waiting for the right time to sell this .... could be the last chance we get this year....
  • #193,967
  • Jan 18, 2010 7:15pm Jan 18, 2010 7:15pm
now what's next on this GU........I am ............
But iam happy. think positive.....

..just feeling like having a cuppacofee.....might feel a little better then...
  • #193,968
  • Jan 18, 2010 7:16pm Jan 18, 2010 7:16pm
Quoting malcolmb14
longs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.

either
1) CPI is really really bad
2) Cadbury deal falls thru

I am waiting for the right time to sell this .... could be the last chance we get this year....
i posted my chart yesterday EURUSD week on black dog system very good retrace and good up trend (blac arow confirm that trade)...I predict EURO wil make new high maybe this year and maybe next also GBPUSD will go up (coleration)


This is the chart >


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweek.gif Size: 34 KB
"Buy on fear, sell on greed !!!
  • #193,969
  • Jan 18, 2010 7:22pm Jan 18, 2010 7:22pm
Quoting malcolmb14
longs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.

either
1) CPI is really really bad
2) Cadbury deal falls thru

I am waiting for the right time to sell this .... could be the last chance we get this year....
If only for a small taste...I took a few here...
Attached Image (click to enlarge)
Click to Enlarge Name: sales.jpg Size: 9 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #193,970
  • Jan 18, 2010 7:26pm Jan 18, 2010 7:26pm
Quoting Baby-Trader
you can read this
http://blog.bigmiketrading.com/2009/...re-detail.html
I assume by this post you finally dumped your shorts and went long?
  • #193,971
  • Jan 18, 2010 7:26pm Jan 18, 2010 7:26pm
I wonder which one will be stronger? The EUR or GBP?
  • #193,972
  • Jan 18, 2010 7:27pm Jan 18, 2010 7:27pm
Quoting warta
last chance for sell ? am not sure man

I would also think same way and that GU goes to test 1.9000 as the rest of the bulls are saying but gu is making most of its major moves on low volume conditions....

almost like someone is maniulating prices higher for some reason.

why if real buyers are interested is the volume massively divergent to price on this move up ? Just seems very odd to me that is all

there is an election in May this year ....that explains why GU is being supported .

Attached Image (click to enlarge)
Click to Enlarge Name: gud03.jpg Size: 146 KB
Blogging daily now at www.volume.zone
  • #193,973
  • Jan 18, 2010 7:31pm Jan 18, 2010 7:31pm
Quoting malcolmb14
I would also think same way and that GU goes to test 1.9000 as the rest of the bulls are saying but gu is making most of its major moves on low volume conditions....

almost like someone is maniulating prices higher for some reason.

why if real buyers are interested is the volume massively divergent to price on this move up ? Just seems very odd to me that is all

there is an election in May this year ....that explains why GU is being supported .

Attachment
Malcomb,

If I was by my trading computers I would post some charts for you but look at the monthly chart (sideways). However current low (December) was higher than that of the previous low (that back in October I think). The highs were higher too so it is in a mini uptrend. However I am not so sure we will push this 1.9000 level as we have not even come close to breaking this sideways situation we have been in for the past 9 months. The USD/CHF has been on a steady decline due to the fact that the dollar has been crap. That pair has a negative correlation with the G/U but obviously not 100% correlation. We should push up but 1.9000 may be pushing it..
  • #193,974
  • Jan 18, 2010 7:32pm Jan 18, 2010 7:32pm
Quoting Leche Mocha
I wonder which one will be stronger? The EUR or GBP?
Stronger compared to what? Each other or the USD?
  • #193,975
  • Edited 7:45pm Jan 18, 2010 7:34pm | Edited 7:45pm
Looks Like no one is selling her yet.
Which means we may burst up again if sideways movement continues.

For those who use bollinger bands, on M15 there was a nice constriction before last break!

Quick chart attached. Similar to compression of multiple MAs that Dr. D posts.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd m15 bbands pop.gif Size: 30 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #193,976
  • Jan 18, 2010 7:34pm Jan 18, 2010 7:34pm
Quoting Magix
If only for a small taste...I took a few here...
That may be good move. I am not by my trading computers so I have no charts. Good news is my three long trades from Friday are history now. I set 125 pip tp's on each one.
  • #193,977
  • Jan 18, 2010 7:36pm Jan 18, 2010 7:36pm
could be the top of the year 1.64XX ? wut about a doble top for today

Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 19 KB
  • #193,978
  • Jan 18, 2010 7:38pm Jan 18, 2010 7:38pm
Quoting Ctic
Stronger compared to what? Each other or the USD?
To each other.
  • #193,979
  • Jan 18, 2010 7:38pm Jan 18, 2010 7:38pm
Quoting warta
could be the top of the year 1.64XX ? wut about a doble top for today
Shouldn't a double top be at the top of a range, and not just 2 tops at different stages of a move?
A pip is only worth it if you know how much you risked to earn it
  • #193,980
  • Jan 18, 2010 7:39pm Jan 18, 2010 7:39pm
Quoting warta
could be the top of the year 1.64XX ? wut about a doble top for today

Attachment

Attachment
haha YOu agree becouse you are in sell position...

My advice my frined trade what you see and trade with the large trend..



Cheers
"Buy on fear, sell on greed !!!
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