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Cable Update (GBPUSD)

  • #214,361
  • Apr 8, 2010 4:07am Apr 8, 2010 4:07am
Quoting kill56
wise man whatz up


look at this we are in the same path i think east is way
the data from your chart referes to buyers&sellers of your broker... I assume...

pls. confirm

thank you!
... feel better day by day.
  • #214,362
  • Apr 8, 2010 4:08am Apr 8, 2010 4:08am
Quoting zoom
the data from your chart referes to buyers&sellers of your broker... I assume...

pls. confirm

thank you!
yes sir
  • #214,363
  • Apr 8, 2010 4:09am Apr 8, 2010 4:09am
Quoting cloggie
I am short at 52
I see. The tables are turning. Work can hold off for the moment then. Let me do some charting and review people's posts as to why!
  • #214,364
  • Apr 8, 2010 4:09am Apr 8, 2010 4:09am
Just back online and seeing she is ranging between 1.5148 - 1.5213 on H1/H4 close/open ! I bet see will retest the WP - 1.5148 again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #214,365
  • Apr 8, 2010 4:10am Apr 8, 2010 4:10am
Quoting bbakker
I see. The tables are turning. Work can hold off for the moment then. Let me do some charting and review people's posts as to why!
25 and 365 ma on M30, 5213 held on H1
  • #214,366
  • Apr 8, 2010 4:11am Apr 8, 2010 4:11am
Quoting £Check
so if this region fails, we are seeing the lower lows next?
First attack LTL. If we crack threw here, 1.5090 area could be the next stalling ground.
Attached Image (click to enlarge)
Click to Enlarge Name: ltl.jpg Size: 111 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #214,367
  • Apr 8, 2010 4:13am Apr 8, 2010 4:13am
fiber news is bad and its going up but not for long

cable news is good and its going down

wormy we are going there slowly
  • #214,368
  • Apr 8, 2010 4:15am Apr 8, 2010 4:15am
Quoting cloggie
25 and 365 ma on M30, 5213 held on H1
I keep flicking to the M15/M10 charts (I know you dont like them much), can't help but think it looks like yesterdays long slow staircase up again.
Back to basics, it has to be for me!
  • #214,369
  • Apr 8, 2010 4:15am Apr 8, 2010 4:15am
Quoting kill56
wise man whatz up


look at this we are in the same path i think east is way
If it wasn't for the 30m confirmation for short side, I would be more inclined to agree with you. But...

I seen the cross...another attack at 200ema could be in order, and will only be able to tell what she does from there..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #214,370
  • Apr 8, 2010 4:19am Apr 8, 2010 4:19am
Quoting kill56
fiber news is bad and its going up but not for long

cable news is good and its going down

wormy we are going there slowly
I got time brother. We weren't going anywhere fast anyway
Thank You
  • #214,371
  • Apr 8, 2010 4:19am Apr 8, 2010 4:19am
Quoting BadTradingFi
I keep flicking to the M15/M10 charts (I know you dont like them much), can't help but think it looks like yesterdays long slow staircase up again.
That's why I don't look at M1/M5 for the general trend, too much noise. ma's on M30 and resistance on H1 are favouring a short bias. 5213 was my line in the sand for the retrace and it held.
  • #214,372
  • Apr 8, 2010 4:19am Apr 8, 2010 4:19am
Quoting kill56
fiber news is bad and its going up but not for long

cable news is good and its going down

wormy we are going there slowly
GBP Official Bank Rate looks to be fix, with today all good news for gbp, potential going up is more likely to play in today.
For short play, See how the US news play out only on US Session.
  • #214,373
  • Apr 8, 2010 4:20am Apr 8, 2010 4:20am
Quoting cloggie
25 and 365 ma on M30, 5213 held on H1
Gotcha! I am keeping my long open for now. It will probably touch 24ma again and DP is a magnet! I am still inclined to stay long on this one though, but as we all know with cable, anything can happen!

I'll keep a close eye on PA for the next couple of hours, although I think it will hover around this area until King speaks!
  • #214,374
  • Apr 8, 2010 4:23am Apr 8, 2010 4:23am
Quoting bbakker
but as we all know with cable, anything can happen!

Exactly. Most volatile pair of the majors, that's why we love it so much.
  • #214,375
  • Apr 8, 2010 4:24am Apr 8, 2010 4:24am
will i think it will rang here between the 2 ma's till the rate decision from both BOE and EU then trichet speech it will be boring till then
  • #214,376
  • Apr 8, 2010 4:25am Apr 8, 2010 4:25am
Quoting bbakker
Gotcha! I am keeping my long open for now. It will probably touch 24ma again and DP is a magnet! I am still inclined to stay long on this one though, but as we all know with cable, anything can happen!

I'll keep a close eye on PA for the next couple of hours, although I think it will hover around this area until King speaks!
Magnet, my place got a fren say broker is good in SL magnet too
  • #214,377
  • Apr 8, 2010 4:26am Apr 8, 2010 4:26am
Quoting special0nefx
GBP Official Bank Rate looks to be fix, with today all good news for gbp, potential going up is more likely to play in today.
For short play, See how the US news play out only on US Session.
It was never going down and 99% sure it won't be going up (it is still way too early). The only issue is quantative easing, but with some good news results and the economy turning (Revised GDP from 0.1% to 0.4% in the last quarter) and OECD saying that UK economy will grow faster than it's peers, I don't think he will add to QE at this stage. He will only do so if a double-dip looks on the cards.

With good news like that, cable is a funny animal and I no doubt expect it to drop like a stone just to prove me wrong
  • #214,378
  • Apr 8, 2010 4:26am Apr 8, 2010 4:26am
OK posted a second short at 1.51996. Based on news looking to get out with near 40+ pips x 2 at 1.5155. Think it may go down a bit further than I'm feeling in a bit of a bird in the hand sort of mood today.

BTW. If Gbp/Eur goes down to .8700 today, pile in on the longs.
  • #214,379
  • Apr 8, 2010 4:31am Apr 8, 2010 4:31am
Quoting kingfisher
FTSE about to turn higher.

GBP looking good. News make daily trend.
Can't see any reversal yet
COT: The precious data ignored
  • #214,380
  • Apr 8, 2010 4:31am Apr 8, 2010 4:31am
Quoting cloggie
That's why I don't look at M1/M5 for the general trend, too much noise. ma's on M30 and resistance on H1 are favouring a short bias. 5213 was my line in the sand for the retrace and it held.
I admit I look at the M1/M5 on occasions, just out of curiosity rather than decision making though.

Seems like it's struggling to get over 15200 and stay there, at the moment. I still see this jagged staircase up a bit though on M10/M15 although it's starting to just hold station now, could be a boring few hours ahead (famous last words)! Can't spend all day hovering between DP and S1, can it?!

Anyway, I'm just watching again for a bit, had a good result this morning (despite being 40-50 pips short of the end result) so will sit back on the fence to see how things go
Back to basics, it has to be for me!
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