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Cable Update (GBPUSD)

  • #210,521
  • Mar 26, 2010 5:27am Mar 26, 2010 5:27am
Quoting cesararr
sorry, what means DP?

thanks.
DP is the daily pivot. As a definition, a pivot point is a turning point. The DP is a level where the sentiment of the market changes from bullish to bearish or vice versa. If the market breaks this level up, then the sentiment is said to be a bull market and it is likely to continue its way up, on the other hand, if the market breaks this level down, then the sentiment is bear, and it is expected to continue its way down. Also at this level a possible bounce is plausible.
  • #210,522
  • Mar 26, 2010 5:30am Mar 26, 2010 5:30am
Quoting cloggie
DP is the daily pivot. As a definition, a pivot point is a turning point. The DP is a level where the sentiment of the market changes from bullish to bearish or vice versa. If the market breaks this level up, then the sentiment is said to be a bull market and it is likely to continue its way up, on the other hand, if the market breaks this level down, then the sentiment is bear, and it is expected to continue its way down. Also at this level a possible bounce is plausible.

so, actually it can be considerate bullish? since already it's touch the DP?

thanks.
  • #210,523
  • Mar 26, 2010 5:32am Mar 26, 2010 5:32am
We are back at my big picture level, or as Gatorinla calls it, my asschart. What are the big boys going to do, will they protect this level with sell orders and protect their initial investment so we can form a lower sub 48 level or are they all going to run and take their money of the table.

I am confident that we will see the orderflow continue and we will see new sell orders here. I am awaiting confirmation that the low level on my asschart is being protected here by the big boys before I go back in.
  • #210,524
  • Mar 26, 2010 5:33am Mar 26, 2010 5:33am
i think cable is gonna be bullish early next week, found some support.
  • #210,525
  • Mar 26, 2010 5:33am Mar 26, 2010 5:33am
Quoting cesararr
so, actually it can be considerate bullish? since already it's touch the DP?

thanks.
A brief kiss on the M1 is not a confirmation for me, I want to see a solid close above on the M15/M30 before I change my sentiment.

And I want the asslevel protected. We are in new territory here as the next asslevel down is 4396, from way back.

Cloggie's ass chart
  • #210,526
  • Mar 26, 2010 5:39am Mar 26, 2010 5:39am
Quoting cloggie
A brief kiss on the M1 is not a confirmation for me, I want to see a solid close above on the M15/M30 before I change my sentiment.

And I want the asslevel protected. We are in new territory here as the next asslevel down is 4396, from way back.

Cloggie's ass chart
So according to Cloggie's ass (sorry could not resist) the current PA holding firm at .4879 is the big boys selling to protect their position? I think I understand the reasoning behind that, but where does the 400+ target for them come from?
  • #210,527
  • Mar 26, 2010 5:41am Mar 26, 2010 5:41am
Quoting Chicopips
So according to Cloggie's ass (sorry could not resist) the current PA holding firm at .4879 is the big boys selling to protect their position? I think I understand the reasoning behind that, but where does the 400+ target for them come from?
Feb 09
  • #210,528
  • Mar 26, 2010 5:41am Mar 26, 2010 5:41am
Quoting Chicopips
So according to Cloggie's ass (sorry could not resist) the current PA holding firm at .4879 is the big boys selling to protect their position? I think I understand the reasoning behind that, but where does the 400+ target for them come from?
There is lots of air below 4780!
  • #210,529
  • Mar 26, 2010 5:44am Mar 26, 2010 5:44am
Quoting cloggie
Feb 09
That makes sense, thanks again. Looks like the bulls are not running just yet.
  • #210,530
  • Mar 26, 2010 5:45am Mar 26, 2010 5:45am
my trade is finished and it seems that the bear have ended .

time to go up from now
imho

out of the market and wait for an up trend
I SEE YOU !!
  • #210,531
  • Mar 26, 2010 5:45am Mar 26, 2010 5:45am
Quoting Chicopips
That makes sense, thanks again. Looks like the bulls are not running just yet.

The big boys trade with a leverage of 1:2 at most and need larger moves to make any profit. A 400 pip move with that low of a leverage is not a lot of profit if you have to wait weeks to realise it. Look at the last 4 weeks on the W1, the big boys are protecting their level. If they take their profit here we will see a violent move up. If they protect their level we will gradually go down to 4396
  • #210,532
  • Mar 26, 2010 5:50am Mar 26, 2010 5:50am
Quoting dbfusion
my trade is finished and it seems that the bear have ended .

time to go up from now
imho
Not so fast! We could still see 902 before we go down.
  • #210,533
  • Mar 26, 2010 5:53am Mar 26, 2010 5:53am
pa dp fa mr ds km errrrrrrrrrrrrrrrrrrrrrrr
Attached Image
  • #210,534
  • Mar 26, 2010 5:56am Mar 26, 2010 5:56am
Looks like another trade about to go wrong for me, I must be setting a new record in consecutive bad trades, my feeling is either we are going to range or go up...unfortunately this was not my feeling an hour or so ago when I entered my short, if the hourly closes above the DP, I will seriously think of cutting my losses, my stop is above the resistance at 1.4905...

Really, if you chaps want to make serious pips, listen to my calls and do the complete opposite, you'll be rich in no time!
  • #210,535
  • Mar 26, 2010 6:03am Mar 26, 2010 6:03am
Quoting bbakker
Not so fast! We could still see 902 before we go down.
the downtrend is over imho

no need to wait for anything

just me
I SEE YOU !!
  • #210,536
  • Mar 26, 2010 6:05am Mar 26, 2010 6:05am
its time to
Attached Image
  • #210,537
  • Mar 26, 2010 6:07am Mar 26, 2010 6:07am
Quoting dbfusion
the downtrend is over imho

no need to wait for anything

just me
EU is spoiling the GU party, but I have faith.
  • #210,538
  • Mar 26, 2010 6:08am Mar 26, 2010 6:08am
Take a look at the H1, you can clearly see how the candles are compressing against my ass level, indicating a downward orderflow.

As long as the big boys don't blink, I am still bearish.
  • #210,539
  • Mar 26, 2010 6:12am Mar 26, 2010 6:12am
Pivot: 1.494
Our preference: Short positions below 1.494 with targets @ 1.48 & 1.475 in extension.
Alternative scenario: Above 1.494 look for further upside with 1.5005 & 1.507 as targets.
Comment: the pair is rebounding on its support but remains capped by a MT declining trend line.

can be_??
  • #210,540
  • Mar 26, 2010 6:12am Mar 26, 2010 6:12am
Quoting bbakker
EU is spoiling the GU party, but I have faith.
has nothing to do with it
both have made their targets
I am just out now and later will will wait to make new long position

the party is over for bears

we might see 5100 and 5200 again or even more
I SEE YOU !!
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