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Cable Update (GBPUSD)

  • #211,321
  • Mar 29, 2010 2:18pm Mar 29, 2010 2:18pm
Quoting kill56
the chart of the day the b;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;h having hard time to break west os east enjoy we do also have candy apple on sale buy 1 get 2 free and noobs for rent

baker and skoooby dooooo where are guys
looks like they got slammed for quoting that spammers pics

lesson learnt, never quote a spammers post, its poison for self
  • #211,322
  • Mar 29, 2010 2:18pm Mar 29, 2010 2:18pm
Quoting nAVIN2007
the pound is weak..

yes, out of question, very weak nowerdays and am not saying it could not rise, only observing in the past that it is capped at some point by the BOE. 1.5350/80 is definatly in the cards but then it will be hard to go further i mean, from technical view and from macro economic/monetary policy view. only a thought, could be wrong.
  • #211,323
  • Mar 29, 2010 2:22pm Mar 29, 2010 2:22pm
Quoting dag777
yes, out of question, very weak nowerdays and am not saying it could not rise, only observing in the past that it is capped at some point by the BOE. 1.5350/80 is definatly in the cards but then it will be hard to go further i mean, from technical view and from macro economic/monetary policy view. only a thought, could be wrong.
my sig says it all

if my guess goes wrong Navin is to blame
  • #211,324
  • Mar 29, 2010 2:26pm Mar 29, 2010 2:26pm
Quoting dag777
yes, out of question, very weak nowerdays and am not saying it could not rise, only observing in the past that it is capped at some point by the BOE. 1.5350/80 is definatly in the cards but then it will be hard to go further i mean, from technical view and from macro economic/monetary policy view. only a thought, could be wrong.
It will go up most likely, consolidate in a range for a long time and then start going higher and higher..but like anything in trading its just a view..what it will do is another thing..just dont be married to any view..

trade safe

Quoting kill56
not so fast i have some shorts and longs to close
be carefull man!!


Quoting forexlion
my sig says it all

if my guess goes wrong Navin is to blame
  • #211,325
  • Mar 29, 2010 2:26pm Mar 29, 2010 2:26pm
Quoting forexlion
looks like they got slammed for quoting that spammers pics

lesson learnt, never quote a spammers post, its poison for self
been there befor do u remember me and u at the same time did escape that or u got hit
  • #211,326
  • Mar 29, 2010 2:27pm Mar 29, 2010 2:27pm
[quote=forexlion;3593966]my sig says it all

if my guess goes wrong Navin is to blame [/quote


So Forexlion always an
  • #211,327
  • Mar 29, 2010 3:13pm Mar 29, 2010 3:13pm
On daily chart if magenta line or 10 SMA remains below 20 SMA orange line then i will continue to remain bearish based
Attached File(s)
File Type: tpl paris-hilton.tpl   < 1 KB | 245 downloads
  • #211,328
  • Mar 29, 2010 3:24pm Mar 29, 2010 3:24pm
Quoting forexlion
On daily chart if magenta line or 10 SMA remains below 20 SMA orange line then i will continue to remain bearish based
do you think we can touch soon the 4830? i have a open short there.

thanks.
  • #211,329
  • Mar 29, 2010 3:25pm Mar 29, 2010 3:25pm
Yeah, I know were heading up, no question about the immediate trend but it still doesn't make sense.

I still believe in a little lower lows, but have closed my shorts for now and will look to enter on trigger. Maybe this is NY weak ass attempt at tracing the top???

Who knows, with this kind of PA, I think picking bottles out of ditches could offer more profit and certainly be more entertaining.

Out for now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211,330
  • Mar 29, 2010 3:49pm Mar 29, 2010 3:49pm
Cold hard rejection at the 200ema on the 1hr, perhaps we see a proper retrace now???

Sitting out, not confirmed for any movement higher or lower.

Still seeing ultimate resistance at the 1.5050, but really, does it matter?
Attached Image (click to enlarge)
Click to Enlarge Name: 2001hr.jpg Size: 246 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211,331
  • Mar 29, 2010 3:50pm Mar 29, 2010 3:50pm
Quoting Magix
Who knows, with this kind of PA, I think picking bottles out of ditches could offer more profit and certainly be more entertaining.

Out for now.
nothing tricky here..infact PA is doing exactly what it should, its almost to easy
  • #211,332
  • Mar 29, 2010 4:01pm Mar 29, 2010 4:01pm
Quoting nAVIN2007
nothing tricky here..infact PA is doing exactly what it should, its almost to easy
I could imagine it is a scalpers wet dream..... had to restrain myself more than once today from trying a scalp..... so all in all a very boring slow day, possibly a very lively day on the cards tommorrow (fingers crossed).

Trade well all...
  • #211,333
  • Mar 29, 2010 4:04pm Mar 29, 2010 4:04pm
Quoting nAVIN2007
nothing tricky here..infact PA is doing exactly what it should, its almost to easy
IMO Nav,

We never seen a proper retrace, we found top on the hourly, so, unless you are looking for a grand sale and short opportunities, I really don't think PA is doing exactly what it should, without foundation we are subject to crumble on every spike up now.

I am still holding shorts, because I still see deeper possible lows, when??

Thinking long before I get triggered on a BE trade on my trade.

But really in this game, who knows.

GJ broke threw it's 4hr 200ema, and not that I play it, it can be used as somewhat of a strength indicator for GBP if you read it proper.

The other converse that I watch for USD strength is USDCAD. Seems it needs to test bottom to move on as well, so perhaps higher highs.

As long as we keep the motion, we can play the plays.

Gotta love it!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211,334
  • Mar 29, 2010 4:06pm Mar 29, 2010 4:06pm
The Cable has respected the overbought areas today a few times and here it is again, so maybe a little 20 pip short is in order
  • #211,335
  • Mar 29, 2010 4:11pm Mar 29, 2010 4:11pm
Quoting Pipstitcher
The Cable has respected the overbought areas today a few times and here it is again, so maybe a little 20 pip short is in order
It has taken some 4hrs to really move up 20 pips, with NY session closing, not sure we see anything more than a restricted trade channel.

But wish you luck.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211,336
  • Mar 29, 2010 4:16pm Mar 29, 2010 4:16pm
Quoting Temps
I could imagine it is a scalpers wet dream..... had to restrain myself more than once today from trying a scalp..... so all in all a very boring slow day, possibly a very lively day on the cards tommorrow (fingers crossed).

Trade well all...
as a scalper id have found today very difficult..I have to hand it to magix if he can scalp and make money in this market..then fantastic..i sure as hell wont even try..

was at work early today and the spikes of the support certainly would have killed me..

i learned one thing about the market..theres a thin line between getting it right or wrong, direction wise...theres always the opposite view which makes sense as well..u just gotta hang in there with yur belief..

on todays action up is favoured because in effect have a support which produced a bullish engulf (friday dailly) and today price broke below todays open and rejected and went up to and remained higher than the open..thats bullish..

there are at least another 5 signals to suggest up..

nothing other than the major trend suggests down

the market is doing its job taking out all the longs..which is where the smart money was..now its gonna take out the shorts
  • #211,337
  • Mar 29, 2010 4:20pm Mar 29, 2010 4:20pm
Quoting nAVIN2007
as a scalper id have found today very difficult..I have to hand it to magix if he can scalp and make money in this market..then fantastic..i sure as hell wont even try..

was at work early today and the spikes of the support certainly would have killed me..

i learned one thing about the market..theres a thin line between getting it right or wrong, direction wise...theres always the opposite view which makes sense as well..u just gotta hang in there with yur belief..

on todays action up is favoured because in effect have a support which produced...
No kudos for me here Nav, lost 12 pips since London close, WAITWAITWAITWAITWAIT....

BAH

Gimme a night like last night and a morning like this.

NY session has offered me nothing.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #211,338
  • Mar 29, 2010 4:28pm Mar 29, 2010 4:28pm
Quoting Magix
No kudos for me here Nav, lost 12 pips since London close, WAITWAITWAITWAITWAIT....

BAH

Gimme a night like last night and a morning like this.

NY session has offered me nothing.

Hang on to that short for a while longer the M15 is turning around. It may take you another 4 hours to recoup though.....
  • #211,339
  • Mar 29, 2010 4:31pm Mar 29, 2010 4:31pm
Quoting Magix
No kudos for me here Nav, lost 12 pips since London close, WAITWAITWAITWAITWAIT....

BAH

Gimme a night like last night and a morning like this.

NY session has offered me nothing.
the fact that there appears to be more buyer here than sellers suggest 1.50 is waiting to be broken possible channel on 1 hr...30minute suggest a breakout is gonna happen very soon

something gonna happen very soon but if dailly closes like this up is favoured more i think

4hr i trust more
Attached Image(s) (click to enlarge)
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  • #211,340
  • Mar 29, 2010 4:42pm Mar 29, 2010 4:42pm
Quoting forexlion
On daily chart if magenta line or 10 SMA remains below 20 SMA orange line then i will continue to remain bearish based
I love the simplicity of that chart ... do you call it paris hilton because it has so little on it??
******************* I'd rather make money than be right.
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