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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting malcolmb14
party ....unless of course you live in Canada and your inheritance is in GBP ... (aka me ) ...

Well I'm in Vancouver too Malc - I took my cash out of GBP last year. CAD should be safe mate!
Quoting fourxtrader
Hi Endrju,

The specific EMA's are not significant provided they cover
a good range ~(1 - 150 periods) and are evenly spaced.

It is the pattern that is formed that is important as they
slowly gather, converge and should they compress and
pack tightly together which very often occurs, a rapid
[i][color=#0000ff]unidirectional...
Thank you a LOT! I will try it out and at the beginning will watch more closely your post charts!
Andris
Quoting bucko
It's fallen because a "perfect" Gartley was completed at 1.64573 from the move up from 1.58953. This means this will crash and burn lol. So, as Mal has been saying for a while now, this was the last opportunity as far as I'm concerned to sell at this price. Parity by October/November.

Hi bucko,

Can you give more Info and Illustrations, please ?

I still don't understand what you mean...
Already several times, my experience with such events ...

Best Regards,



Tsar
Always looking the GREAT, never left GOOD Point...
Quoting Turveyd
I see no sign of voting of any kind on the BBC Politics site so doubt it, it'd be there for sure!!

The Iraq WMD lies are the main focus currently!!
As i sit in a long eur gbp trade that is dangerously close to being closed out at a shiity loss, i have to find some entertainment.
I think you are both talking about different Brown's
Turvey is talking about Gordan Brown and you are talking about the mass election of the kennedy seat that the fat fuck had for 30 years too many with Scott brown and coakley, being english and living in the us i understand the confusion.
All the best i have nothing else to post about the GBP probably heading up after MPC tommorow especially if QE coming to a close.
Quoting Turveyd
It's not a Odd move, it's a normal low volume which means they can move it the direction they like quite easily downtrend.



Completely 100% the Normal for this time of night

yeah 100 pip move in 5 minutes happen everynight this time in Asia....I must have jus not noticed them.

sorry but how is a 100 pip drop in 5 min normal ?
Blogging daily now at www.volume.zone
Quoting malcolmb14
yeah 100 pip move in 5 minutes happen everynight this time in Asia....I must have jus not noticed them.

sorry but how is a 100 pip drop in 5 min normal ?
Not NORMAL again.
That's Very... Very CRAZY !
Always looking the GREAT, never left GOOD Point...
Quoting Tsar
Not NORMAL again.
That's Very... Very CRAZY !
Hey Tsar , I'm no expert but I've attached my take on the recent Cable move. Kudos for those traders who took the ralley up they, probably like me have seen this pattern repeated in Cable in recent months and traded accordingly.

I've only shown second part of pattern, but move AB is followed by retracement of BC by at least 38%. The fib 23.6 was tested. The move CD tested but continued through the 100% extension to the 168.1 (not quite "perfect"). This is usu leads an aggressive shorting pattern using Fibonacci theory. Knowing my luck Cable will go up when I'm asleep !! lol
Attached Image (click to enlarge)
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Quoting big_pipin
for you day traders, heres my analysis on 15min. I'd like to see a test of the median line at 6360, and then a bounce back up.

update. Support near 6300. It looks like I had a late entry on the 15min charts (the circle i marked), but it was the 4hr that I took the trade off of, not 15min. I think we can hit 6260 to 6220. I'm going to take half off here at the lows..ok, out 6 lots at 6325 + 52 pips.

any thoughts?
-BIG
Attached Image (click to enlarge)
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Quoting bucko
Hey Tsar , I'm no expert but I've attached my take on the recent Cable move. Kudos for those traders who took the ralley up they, probably like me have seen this pattern repeated in Cable in recent months and traded accordingly.

I've only shown second part of pattern, but move AB is followed by retracement of BC by at least 38%. The fib 23.6 was tested. The move CD tested but continued through the 100% extension to the 168.1 (not quite "perfect"). This is usu leads an aggressive shorting pattern using Fibonacci theory. Knowing my luck Cable...

Thank's Bro.
Congrats on your trade... !
You will be One of the Best in the FUTURE
Always looking the GREAT, never left GOOD Point...
Morning all, I bet she'll go down to at least 1.6262/77 cause of the broken of yesterday DP 1.6325 on H1/H4 ! I watch the broken of 1.6309 ( last Friday DP) to confirm go more down !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
Quoting manize
Morning all, I bet she'll go down to at least 1.6262/77 cause of the broken of DP yesterday 1.6325 on H1/H4 !
totally agree, tht is the weekly open and its only done 64 pips so far today definitly in the relm of possibility
Can not avoid to push the short button on 1.6312 ! Stop Loss 1.6340 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
There she goes ! I recommend go south at a high ! But what ever the result back to your own risk !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
Quoting manize
There she goes ! I recommand go south at a high ! But at your own risk !
well tht was my plan but may watch this go without me lol
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Quoting digger1
well tht was my plan but may watch this go without me lol
Attachment 395836
Good ! Trade your plan of what you plan to trade !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
covering the last 5 pips at 6312 + 65 pips. Something tells me we're going to have a bull move soon.
Well guys, I guess we'll be going down 4 a while. Today PA borke triangle and downtrend line. Imo price will be testing 6040 area (38.2 fibo in my chart) along with medium line of the pitchfork, obviusly not today...but wouldn't that be great!?!?!?! LOL
Any comments??
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Quoting big_pipin
covering the last 5 pips at 6312 + 65 pips. Something tells me we're going to have a bull move soon.
I maybe wrong but I don't sure seeing a significant bull before London session open !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
My scoring board :
2 days ago ~ BULLS 5 : 2 BEARS
1 day ago ~ BULLS 6 : 1 BEARS
TODAY ~ BULLS 4 : 3 BEARS

Conclusion:
Bulls loss much power, but bears not yet in control..
Wait & see for today..
still not clear going long or short..

Attached Image
Patience + Discipline =
Stop at BEP. H1 stays above 1.6312 again. Waiting for London session for next entry !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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