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Cable Update (GBPUSD)

  • #201,061
  • Feb 22, 2010 5:44am Feb 22, 2010 5:44am
GU as ugly as sin right now, bouncing all over the place. Staying out until some normality returns.
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  • #201,062
  • Feb 22, 2010 5:49am Feb 22, 2010 5:49am
So when we see the DX bounce off the h4 78.6 and trendline, that will most likely be when the GU goes south again.(entry short gu) If DX goes thru the 78.6 and TL, then the GU isnt ready to go south just yet.

Of course, you want to watch for a reversal candle and bounce off the 61.8 too on the dx. It may only go as far as the 61.8.

But for further advancement on this GU, we need to get thru the Daily r1 at 5502. maybe another attempt will do it.

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  • #201,063
  • Feb 22, 2010 5:50am Feb 22, 2010 5:50am
Quoting MHuzaifa
Hi Bro...what do you think about eur/usd ....my long order is pending at 1.3550....
Hi

I'm aiming such a target as well....more 1.3540...why not 1.3500 for the greddy ones
But today ain't the perfect day to trade....maybe we'll see some action during NY session...
i hope everything will tank !
COT: The precious data ignored
  • #201,064
  • Feb 22, 2010 5:52am Feb 22, 2010 5:52am
Quoting witsnpips
errr... can we talk some sense here please.
okay.
some sense before I bugger off.
bullish divergence on htf. just something else in addition to the daily hammer, & the h4 inside bar to watch for if anyone's planning to short based on the htf.
Later. Good luck everyone!
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Thank You
  • #201,065
  • Feb 22, 2010 6:16am Feb 22, 2010 6:16am
1.5480 won't be easy to pass through....sellers are waiting there....down to 1.5425
COT: The precious data ignored
  • #201,066
  • Feb 22, 2010 6:50am Feb 22, 2010 6:50am
Quoting kuroro001
1.5480 won't be easy to pass through....sellers are waiting there....down to 1.5425

At present ratio is about 9:5 ifo d bears. D bulls might need to wait a little longer
  • #201,067
  • Feb 22, 2010 6:51am Feb 22, 2010 6:51am
Third failure at 1.5450...going long to 1.5485. SL at 1.5430
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  • #201,068
  • Feb 22, 2010 7:15am Feb 22, 2010 7:15am
Boom time.
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  • #201,069
  • Feb 22, 2010 7:25am Feb 22, 2010 7:25am
This move up ain't really worrisome for shorts....i'll stay short biais even though i have no position at the moment

I'll wait for a move down before loading some longs
COT: The precious data ignored
  • #201,070
  • Feb 22, 2010 7:37am Feb 22, 2010 7:37am
Quoting Bydyke
At present ratio is about 9:5 ifo d bears. D bulls might need to wait a little longer
Wait 4-6 months.
  • #201,071
  • Feb 22, 2010 7:42am Feb 22, 2010 7:42am
still holding my shorts
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #201,072
  • Feb 22, 2010 7:51am Feb 22, 2010 7:51am
still short ...
  • #201,073
  • Feb 22, 2010 7:57am Feb 22, 2010 7:57am
Quoting negro wolf
still holding my shorts
and i'm still holding my long too sir..., want to join your position but maybe not today...,
hope the best for you sir,,, and for me too.... (how could ??... )

edit (forget some thing): if you want to make some spike please don't to far sir...,
I will be the number one Manager.
  • #201,074
  • Feb 22, 2010 8:08am Feb 22, 2010 8:08am
Quoting javapips
and i'm still holding my long too sir..., want to join your position but maybe not today...,
hope the best for you sir,,, and for me too.... (how could ??... )

edit (forget some thing): if you want to make some spike please don't to far sir...,

lol

hello general

i wish you great conquer to the green pips castle

and i wish me too

could go down then up >>
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #201,075
  • Feb 22, 2010 8:17am Feb 22, 2010 8:17am
Quoting negro wolf
still holding my shorts
Can't help not to reply you....

DON'T FORGET YOUR PANTS!!!!

Haha...

  • #201,076
  • Feb 22, 2010 8:22am Feb 22, 2010 8:22am
virtually no movement whatsoever, slow day so far!
  • #201,077
  • Feb 22, 2010 8:33am Feb 22, 2010 8:33am
What I see: Line "1" which was the previous short term resistance has been broken and now turned into short term support.
Line "2" is the new short term resistance.
Both lines are sloping downward, however due to expected retrace on the daily chart (mentioned here: http://www.forexfactory.com/showthre...94#post3484594 ) I expect the line "2" to be broken and become the new short term support pretty soon.

But don't trade what i say, have your own plan.
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  • #201,078
  • Feb 22, 2010 8:36am Feb 22, 2010 8:36am
thers no data today
  • #201,079
  • Feb 22, 2010 8:37am Feb 22, 2010 8:37am
Now that the M15 200ema is seemingly out of the way...next target for topside movement with be the 30m 200ema.

Support on the 30m 24sma, and on other time frames, will be looking for confirmation and strength from the m15.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,080
  • Feb 22, 2010 8:37am Feb 22, 2010 8:37am
Wow, GU been pretty predictable today. Bounce off 1.5450, now off 1.5505. Expecting it to go back down now..
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