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Cable Update (GBPUSD)

  • #197,601
  • Feb 1, 2010 11:21pm Feb 1, 2010 11:21pm
Quoting Ctic
Magix,

Long time no see. How you been doing bro? Agreed the support is now the resistance.

C.
All good in the hood here mango...Aint been round, cuz there aint much to talk about. When she runs into a trend, only really one thing to chat about, and thats on the retraces.

Taking some time away from the shorter terms now, gunna keep eyeballs on the charts and irons in the fire. Looks like we could be in for a loooooooooong short haul.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #197,602
  • Feb 1, 2010 11:23pm Feb 1, 2010 11:23pm
Quoting javapips
hahaha... that's crazy idea...,even England don't want to join in euro..,
but if that's true (may be 'some day', yes) that's will be good for my country..., and i'm waiting...,

idr (ngebayangin beli Apel/vaio pake uang 2000 perak, masih dapet kembalian lg..., hehehe..., )
England was the stronger country in Europe, why would they? Just like I believe Iraq will not join the GCC. They are/will be the strongest county in the Middle East.

Joining currencies is only to build up the weak, but to make them weaker when the s&*t hits the fan...Just look at what is happening in the EuroZone.
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,603
  • Feb 1, 2010 11:23pm Feb 1, 2010 11:23pm
Quoting Magix
All good in the hood here mango...Aint been round, cuz there aint much to talk about. When she runs into a trend, only really one thing to chat about, and thats on the retraces.

Taking some time away from the shorter terms now, gunna keep eyeballs on the charts and irons in the fire. Looks like we could be in for a loooooooooong short haul.
I am leaning the same way as you. The two points we have to break is the 1.5830 and the 1.5700. We get past those we are in good shape for the longer term short.
  • #197,604
  • Feb 1, 2010 11:25pm Feb 1, 2010 11:25pm
Quoting Magix
Looks like we could be in for a loooooooooong short haul.

WTF??? LOL my friend
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,605
  • Feb 1, 2010 11:37pm Feb 1, 2010 11:37pm
Attachment 1M and 5M look up, but 15M and 1H are looking really hard down. That bearish engulfing bar on the 15M and 1H will be hard to overcome until NY opens. IMO

Actually, 1M wants to push price down actually.......

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 76 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,606
  • Feb 1, 2010 11:45pm Feb 1, 2010 11:45pm
Quoting Fx1618
excuse my ignorance Jemmy, but what is this, where do you get them and where can I read a bit more
Fx1618,

I am trying to catch daily trend by making a numerical score between bull and bear, because everything in numerical are easier to interpret..if the 3 consecutive scores at least 5:2 in one side, I will consider the daily trend is begin..feel free to make comment..thanks..
Patience + Discipline =
  • #197,607
  • Feb 2, 2010 12:12am Feb 2, 2010 12:12am
DP Today 07.00 am GMT +7 is 1.6924. 1.6924 - 1.6969 is unknown area, goes beyond will be interisting to entry a trade !
Attached Image (click to enlarge)
Click to Enlarge Name: 020210.gif Size: 85 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #197,608
  • Feb 2, 2010 12:15am Feb 2, 2010 12:15am
Quoting manize
DP Today 07.00 am GMT +7 is 1.6924. 1.6924 - 1.6969 is unknown area, goes beyond will be interisting to entry a trade !
1.5924?
"Keep your eyes on the helpers" - Mr. Rogers
  • #197,609
  • Feb 2, 2010 12:21am Feb 2, 2010 12:21am
[quote=vlady1974;3421054]Well, as I do have a life, I missed the LONG as I'm checking this at 12:30am GMT. Oh well... next potential trade.

So 4H price DID bounce off the major [0/8] Murrey Math (Blue) Line @ 1.58691 compared to where it was at this London morning session. I am tempted to think it will rise back between 1.60522 and 1.61133 levels where it will meet the 21EMA and 55EMA resistance. Compare 4H chart this morning to this evening

Always another trade to be found and I am with you on this 1.I'm gonna trade another pair for now/Gu still running .Perhaps the Aud for a long hmm.
  • #197,610
  • Feb 2, 2010 12:28am Feb 2, 2010 12:28am
Quoting Jemmy
Fx1618,

I am trying to catch daily trend by making a numerical score between bull and bear, because everything in numerical are easier to interpret..if the 3 consecutive scores at least 5:2 in one side, I will consider the daily trend is begin..feel free to make comment..thanks..
? Not sure what you mean but why not just draw trendlines and look at higher highs/ lower lows etc. different time frames?weekly daily 4 hr etc.Hey if it works for ya by all means go with it.
  • #197,611
  • Edited 12:44am Feb 2, 2010 12:33am | Edited 12:44am
Quoting damonl
1.5924?
Yes it is my key level to go more down at least close to yesterday lowest (1.5856) if broken down ! If will have done there will be a nice level to entry a long because we have a nice yesterday daily pin bar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #197,612
  • Feb 2, 2010 12:35am Feb 2, 2010 12:35am
Thank you.

Quoting fourxtrader
All EMA's: 6, 18, 36, 54, 72, 90, 108, 126, 144 (applied close).

Dr. D.
  • #197,613
  • Feb 2, 2010 12:44am Feb 2, 2010 12:44am
Still short from 1.5900 1.5950 and 1.5970..and waiting for a retest of lows
COT: The precious data ignored
  • #197,614
  • Feb 2, 2010 12:55am Feb 2, 2010 12:55am
Quoting damonl
England was the stronger country in Europe, why would they? Just like I believe Iraq will not join the GCC. They are/will be the strongest county in the Middle East.
Oh Jesus! And you are not joking, are you? Back to the school bench then, little boy...
  • #197,615
  • Feb 2, 2010 12:57am Feb 2, 2010 12:57am
Quoting kuroro001
Still short from 1.5900 1.5950 and 1.5970..and waiting for a retest of lows
Hmm, hope you dont add fuel to the fire. Im bearish within the immediate context but will wait until weak shorts are flushed. Most should bail at 1.6048, real risk takers should bail at 1.6098-1.6138

Seems there's quite a few still holding shorts from the mid 50's (1.53-1.55)

As a side note, USD/JPY is looking pretty ripe for a long within the 87 area.
  • #197,616
  • Feb 2, 2010 1:08am Feb 2, 2010 1:08am
Buy at 1.5947... SL... 1.5840... TP 1.6120
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 111 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #197,617
  • Feb 2, 2010 1:11am Feb 2, 2010 1:11am
Quoting Bull_Bear
Buy at 1.5947... SL... 1.5940... TP 1.6120
Probably the best RR i've ever seen
COT: The precious data ignored
  • #197,618
  • Feb 2, 2010 1:12am Feb 2, 2010 1:12am
Quoting Warwick
Hmm, hope you dont add fuel to the fire. Im bearish within the immediate context but will wait until weak shorts are flushed. Most should bail at 1.6048, real risk takers should bail at 1.6098-1.6138

Seems there's quite a few still holding shorts from the mid 50's (1.53-1.55)

As a side note, USD/JPY is looking pretty ripe for a long within the 87 area.
How come the usd.jpy will go LONG to the 87 area, or have I misunderstood?
  • #197,619
  • Feb 2, 2010 1:13am Feb 2, 2010 1:13am
Quoting kuroro001
Probably the best RR i've ever seen
Whats RR?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #197,620
  • Feb 2, 2010 1:14am Feb 2, 2010 1:14am
Cable bounced from trend line at 1.5880, after slippage through to 1.5850..Now we have seen a rally to 1.5975 and this is the short term 38% fib level so we are aware of its importance. The short term charts do show this to be neutral at present, wt a little bit more emphasis on the downside. However there is still this trend line lurking on the daily charts, moving today to 1.5887. Now the longer term daily charts are showing this to be oversold on the daily stochastics, and therefore we are cautions about a sustained break of this trend line. Sellers will only want to get involved if the market does break through 1.5850. Only then will there be selling pressure through to the lows of 1.5720/00. Buyers will be defending this support and only a los of 1.5685 would gain the sellers interest once more.
So we should be looking at another move to the topside with the first obstacle of 1.5975 to negotiate. If we can clear this and also the psychological level of 1.6000 then buyers will regain interest and be looking to take this higher for 1.6054 initially with good possibility of 1.6050mto 1.6100.
Failure as stated at these highs do leave the market n a precarious position and the likely out come will be a return to trend line support at 1.5887.
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