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Cable Update (GBPUSD)

  • #221,161
  • Apr 23, 2010 8:35am Apr 23, 2010 8:35am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
...nice week end to all , great forum this is
  • #221,162
  • Apr 23, 2010 8:36am Apr 23, 2010 8:36am
Quoting dag777
cloggie, do you think the 0.2 gdp will have affect on monday, i was surprised that gbp after a small wipsaw down was climbing after the news, maybe we get this impact next week?

That is old news already, news gets priced in pretty quick; today was all about Greece.
  • #221,163
  • Apr 23, 2010 8:39am Apr 23, 2010 8:39am
Malcolm Maclaren is being sung good bye
  • #221,164
  • Apr 23, 2010 8:48am Apr 23, 2010 8:48am
Quoting cloggie
One can draw all the trendlines on H4 and D1 to justify cable going up, today was purely driven by a 180 pip move on the euro. People here can brag all they want about justifying their long in the face of every signal for a bear move this morning. The day was a big buy on euro and that's all there is to it. Unless someone posts their tradecalls here claims of 1500 pips a week is just BS to me.
I agree.
I got my fix both ways today, but this was no way solely a buy day for cable, not how the d1 closed yesterday & how price opened below dp & struggled all day to clear that level.
Thank You
  • #221,165
  • Apr 23, 2010 8:51am Apr 23, 2010 8:51am
Quoting ziko123
man, he has been dreaming about euro reaching 1.5 for months, I don't know why fight the trend, kept telling him short the retracements and I said 1.2 by june
Ziko check out euro daily ..... looks like a shake out right on support with reversal day today

pretty wide bar down yesterday hit with buyers in london and they have not looked back .

we could be heading back to top channel 1.3670 next week
Blogging daily now at www.volume.zone
  • #221,166
  • Apr 23, 2010 8:52am Apr 23, 2010 8:52am
Quoting cloggie
That is old news already, news gets priced in pretty quick; today was all about Greece.
gu and eu basing pretty good. ... seems we may have an up week and even gaps again in gu and eu to upside.

I am out till Sunday. I have been playing the gaps last 2 weeks , but not this week.
Blogging daily now at www.volume.zone
  • #221,167
  • Apr 23, 2010 8:53am Apr 23, 2010 8:53am
Quoting malcolmb14
Ziko check out euro daily ..... looks like a shake out right on support with reversal day today

pretty wide bar down yesterday hit with buyers in london and they have not looked back .

we could be heading back to top channel 1.3670 next week
hey malcolm wait
Thank You
  • #221,168
  • Apr 23, 2010 8:57am Apr 23, 2010 8:57am
Originally Posted by malcolmb14 http://cdn.forexfactory.com/images/buttons/viewpost.gif
I am on the blower to soros right now ....

' Hey Georgie boy it's Malc... can you buy euro to make sure I do not look like a muppet on ff '

Quoting wormboy
that was fast.
malcolm must have made that call to soros. 400 pips left
oi mal, tell him to short cable while he's at it. give us a hand

okay don't forget to call him. we need cable down ard 1.5
Thank You
  • #221,169
  • Apr 23, 2010 9:00am Apr 23, 2010 9:00am
Quoting malcolmb14
gu and eu basing pretty good. ... seems we may have an up week and even gaps again in gu and eu to upside.

I am out till Sunday. I have been playing the gaps last 2 weeks , but not this week.
with G20 and greece its not safe i will be watching the closing today
  • #221,170
  • Apr 23, 2010 9:02am Apr 23, 2010 9:02am
Have a nice weekend all,

and many thanks for all the help, cloggs, wormy, malc, bbakker...and many others. See you next week.
  • #221,171
  • Apr 23, 2010 9:03am Apr 23, 2010 9:03am
Quoting dag777
Have a nice weekend all,

and many thanks for all the help, cloggs, wormy, malc, bbakker...and many others. See you next week.

see ya buddy. have a great weekend
Thank You
  • #221,172
  • Apr 23, 2010 9:07am Apr 23, 2010 9:07am
Question:

FX only gaps on SUN cuz of news over weekend right?

What we know up to now is priced in already is that so?
I have no enemy; I make Incautiousness my Enemy.
  • #221,173
  • Apr 23, 2010 9:07am Apr 23, 2010 9:07am
Quoting wormboy
Originally Posted by malcolmb14 http://cdn.forexfactory.com/images/buttons/viewpost.gif
I am on the blower to soros right now ....

' Hey Georgie boy it's Malc... can you buy euro to make sure I do not look like a muppet on ff '




okay don't forget to call him. we need cable down ard 1.5


Bro, I think I picked the wrong day shorting cable.. I closed my day with a small loss..

I think I have to reevaluate things as most of the pairs are going haywire..

Terkena aku arini bro.. lol
  • #221,174
  • Apr 23, 2010 9:08am Apr 23, 2010 9:08am
Quoting dag777
Have a nice weekend all,

and many thanks for all the help, cloggs, wormy, malc, bbakker...and many others. See you next week.
No worries... have a good 'un!
  • #221,175
  • Apr 23, 2010 9:10am Apr 23, 2010 9:10am
I'm long to 2.10 lol jk
  • #221,176
  • Apr 23, 2010 9:11am Apr 23, 2010 9:11am
Quoting A-speculator
Bro, I think I picked the wrong day shorting cable.. I closed my day with a small loss..

I think I have to reevaluate things as most of the pairs are going haywire..

Terkena aku arini bro.. lol
seems 60 min gu being accumulated ..... lets see what next week brings
Blogging daily now at www.volume.zone
  • #221,177
  • Apr 23, 2010 9:11am Apr 23, 2010 9:11am
got in for a little buy from 5342... after cable bounced at the trendline
  • #221,178
  • Apr 23, 2010 9:13am Apr 23, 2010 9:13am
http://www.malcolmmclaren.com/mmbanner.gif







Malcolm will return shortly...

To contact Malcolm McLaren, email: [email protected]
  • #221,179
  • Apr 23, 2010 9:16am Apr 23, 2010 9:16am
G/U and G/J, thats it

Quoting Guy Mann
Hey there, once again well done on your weeks work, one question, which pairs do you trade to be able to get such a high pip count and do you only trade 4H and daily?
  • #221,180
  • Apr 23, 2010 9:19am Apr 23, 2010 9:19am
Quoting malcolmb14
seems 60 min gu being accumulated ..... lets see what next week brings
Yups.. I wouldn't dare shorting cable again.. No more counter trend trading I guess.. Maybe, we might closed doji on D1. Have you seen EJ? what a move..
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