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Cable Update (GBPUSD)

  • #221,441
  • Edited 10:38am Apr 26, 2010 10:26am | Edited 10:38am
Quoting lexazver
thanks, looks like heavy volume (sellers) coming in once the price gets close to 1.55 and then it drops and rises on weaker volume and then drops again on heavier volime which looks like sellers distributing at these levels.....hmmmm unless im completely misinterpreting this
1.55 is said to be the level that is well offered.

Once Cable clears 15530, I would venture a guesstimate that its next resistance would not come until 15620, daily Kumo top.
  • #221,442
  • Apr 26, 2010 10:31am Apr 26, 2010 10:31am
Quoting hhitch
for some reason, that little change made the whole thing come alive...

Quoting kill56
true i will test both and see he is the wise man of the room
Again, Voodoo Boodoo, still under construction, the early posting though might seem a little premature did still trade some grand merit into the end of last week.

Tell me what new release doesn't experience it share of buggy beginnings...

Working on it, as I find and figure more, I will add to the thread here until I can get a completed write up and full workings of the new trade methodology for a full write up and create the full on instructions from the Magix MTF threw the Cam averages for viewing.

There are a few of us lab rats working through these as of current, Thanks kill for keeping the charts and pertinent info flowing here. I appreciate your efforts.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #221,443
  • Apr 26, 2010 10:33am Apr 26, 2010 10:33am
Quoting Cheesepie
Me too agree with you..

I Long at 1.5450...

TP at 1.5500..

SL at 1.5400...

Hope it goes well!
Out at 1.5480 for 30 Pips...

Looking for an entry again..
  • #221,444
  • Apr 26, 2010 10:34am Apr 26, 2010 10:34am
this is fantastic news. I am really looking forward to your continuing efforts with great appreciation.

Quoting Magix
Again, Voodoo Boodoo, still under construction, the early posting though might seem a little premature did still trade some grand merit into the end of last week.

Tell me what new release doesn't experience it share of buggy beginnings...

Working on it, as I find and figure more, I will add to the thread here until I can get a completed write up and full workings of the new trade methodology for a full write up and create the full on instructions from the Magix MTF threw the Cam averages for viewing.

There are a few of us lab rats working...
"The real genius is knowing when to stop." - Marc Faber
  • #221,445
  • Apr 26, 2010 10:34am Apr 26, 2010 10:34am
Quoting Magix
Again, Voodoo Boodoo, still under construction, the early posting though might seem a little premature did still trade some grand merit into the end of last week.

Tell me what new release doesn't experience it share of buggy beginnings...

Working on it, as I find and figure more, I will add to the thread here until I can get a completed write up and full workings of the new trade methodology for a full write up and create the full on instructions from the Magix MTF threw the Cam averages for viewing....

wise man thank u long live voodoo boodooo


and its not doodoo its the real thing
  • #221,446
  • Apr 26, 2010 10:36am Apr 26, 2010 10:36am
Quoting Oshawa
1.55 is said to be the level that is well offered.
and since 1.55 is well offered i guess people are offloading just before it so that they dont pile up at 1.55 exactly and run the price agianst them...erratic price action.. 1.5480 has been like a brick wall now
  • #221,447
  • Apr 26, 2010 10:39am Apr 26, 2010 10:39am
the next 4 hour candle might bring relief for bears.
  • #221,448
  • Apr 26, 2010 10:41am Apr 26, 2010 10:41am
Quoting lexazver
and since 1.55 is well offered i guess people are offloading just before it so that they dont pile up at 1.55 exactly and run the price agianst them...erratic price action.. 1.5480 has been like a brick wall now
I just edited my last post to add this bit: once Cable clears 15530, the next realistic resistance would not come until 15620, the daily Kumo top. In the short-term (the next few days), it's mildly bullish.

My guess is that any sizable big drop would not come until the election time.
  • #221,449
  • Apr 26, 2010 10:43am Apr 26, 2010 10:43am
according to this indy we go north
look to the r3 = 38.2fib - 1.549; if that breaks the pattern will be completed.

I may be wrong ... trade your charts!

cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: ch1.gif Size: 31 KB
... feel better day by day.
  • #221,450
  • Edited 11:35am Apr 26, 2010 11:18am | Edited 11:35am
here is the new and old migix voodoo enjoy


and if u need help go to the link below

http://www.forexfactory.com/showthre...208103&page=28
Attached File(s)
File Type: zip magix vooodoo.zip   75 KB | 260 downloads
  • #221,451
  • Apr 26, 2010 11:20am Apr 26, 2010 11:20am
The drop finally comes! Still targetting 15377 in my earlier post from this morning and Magix has confirmed that nicely with his beautiful chart!

http://www.forexfactory.com/showthre...14#post3670614

I will cash some in along the way! No need to be greedy now!

Maybe a little tickle of the 200 on the m1 before we continue our journey south... but hey this is an educated guess using the voodoo boodoo system!
  • #221,452
  • Apr 26, 2010 11:25am Apr 26, 2010 11:25am
Hello.. everyone... how's your day?

Hope everyone got nice green pips today..
  • #221,453
  • Apr 26, 2010 11:28am Apr 26, 2010 11:28am
Quoting A-speculator
Hello.. everyone... how's your day?

Hope everyone got nice green pips today..
Fast start, slow middle, fast ending to the day and it has not finished yet. Sitting nicely green and locked in... yourself?
  • #221,454
  • Apr 26, 2010 11:31am Apr 26, 2010 11:31am
Quoting bbakker
Fast start, slow middle, fast ending to the day and it has not finished yet. Sitting nicely green and locked in... yourself?
I got in at about 5375.. so, yes greenie for me amigos...
  • #221,455
  • Apr 26, 2010 11:31am Apr 26, 2010 11:31am
Quoting A-speculator
Hello.. everyone... how's your day?

Hope everyone got nice green pips today..

hey bro doing great what about u greeny till now thank god

and someking the pipe
  • #221,456
  • Apr 26, 2010 11:37am Apr 26, 2010 11:37am
Quoting A-speculator
I got in at about 5375.. so, yes greenie for me amigos...
5373, nearly snap

Looking for DP, S1, and this week's opening, although we might not see that last one, but you never know.
  • #221,457
  • Apr 26, 2010 11:40am Apr 26, 2010 11:40am
Quoting kill56
hey bro doing great what about u greeny till now thank god

and someking the pipe
it's really a mistake try to short cable on last friday huh?...
  • #221,458
  • Apr 26, 2010 11:41am Apr 26, 2010 11:41am
http://www.forexfactory.com/showpost...stcount=221232
Weekly open in consolidation
I will wait til tomorrow and review the things
Now
4h chart is that hang man?
1h chart MACD cross

Let's see
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ma.gif Size: 24 KB
  • #221,459
  • Apr 26, 2010 11:42am Apr 26, 2010 11:42am
Quoting bbakker
5373, nearly snap

Looking for DP, S1, and this week's opening, although we might not see that last one, but you never know.
Yeah.. we never know.. but look at daily, the high of the doji is at about 5400.. i think that is the last check point if it ever gets there..
  • #221,460
  • Apr 26, 2010 11:45am Apr 26, 2010 11:45am
Quoting A-speculator
it's really a mistake try to short cable on last friday huh?...
or any Friday...the whipsaws over the weekend will whack any bearable s/l's

Don't even like trading early Friday
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