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Cable Update (GBPUSD)

  • #221,481
  • Apr 26, 2010 1:33pm Apr 26, 2010 1:33pm
Quoting egkid
Nasty Retracement Fooling Many
Over react Post Don't follow SELL SELL SELL
  • #221,482
  • Apr 26, 2010 1:36pm Apr 26, 2010 1:36pm
Quoting A-speculator
do you mean 5200? you got that by analyzing m1?

By the way, where is the DP.. I don't use pivot bro.. sorry..
Sorry! I should have been clearer! I am talking about the 200sma on m1. PA has now retraced back to the 200sma and hopefully now that has completed we can continue with the drop to DP. I will be watching PA carefully now!
  • #221,483
  • Apr 26, 2010 1:37pm Apr 26, 2010 1:37pm
Quoting bbakker
Sorry! I should have been clearer! I am talking about the 200sma on m1. PA has now retraced back to the 200sma and hopefully now that has completed we can continue with the drop to DP. I will be watching PA carefully now!
no break, no shack.. as what kill said...
  • #221,484
  • Apr 26, 2010 1:41pm Apr 26, 2010 1:41pm
Quoting egkid
Wanna another crazy post LOL
http://www.forexfactory.com/showpost...stcount=189485
G/U was 1.60 , e/u 1.43 Wait and see ...
Don't follow me
I think it will get there, but I want to see how price reacts @ 5750 first.. and eu @ 3700.. I know, we will get there..
  • #221,485
  • Apr 26, 2010 1:45pm Apr 26, 2010 1:45pm
Quoting A-speculator
I think it will get there, but I want to see how price reacts @ 5750 first.. and eu @ 3700.. I know, we will get there..
There you go... 5750..
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  • #221,486
  • Apr 26, 2010 1:46pm Apr 26, 2010 1:46pm
Quoting A-speculator
no break, no shack.. as what kill said...
I am already in, so I am hoping we continue southwards now!
  • #221,487
  • Apr 26, 2010 1:48pm Apr 26, 2010 1:48pm
Quoting bbakker
I am already in, so I am hoping we continue southwards now!
That is a no then
  • #221,488
  • Apr 26, 2010 1:48pm Apr 26, 2010 1:48pm
Quoting bbakker
I am already in, so I am hoping we continue southwards now!
good luck bro.. you're playing with fire with trade like that.. have extra precautions..
  • #221,489
  • Apr 26, 2010 1:56pm Apr 26, 2010 1:56pm
Quoting bbakker
That is a no then
are u out already? well if it ever gets there, we'll take it.. coz it cheap.. but never hope it will move there.. coz in a counter trend move, it can turn back to the main trend at any time.. so, better to wait than trade it.. imho..
  • #221,490
  • Apr 26, 2010 2:01pm Apr 26, 2010 2:01pm
Quoting A-speculator
good luck bro.. you're playing with fire with trade like that.. have extra precautions..
I was in since 73 and moved my SL to BE.
  • #221,491
  • Apr 26, 2010 2:05pm Apr 26, 2010 2:05pm
Quoting bbakker
I was in since 73 and moved my SL to BE.
yeah.. that's good price you got there bro.. Maybe, I've stop scalping.. I just don't understand the why's...

Anyway, I'll wait to add more to the UT...
  • #221,492
  • Apr 26, 2010 2:17pm Apr 26, 2010 2:17pm
Quoting bbakker
That is a no then

here is my take on the day .

we moved rapidly from asia low to range high for the day (110 pip move)

since then we have seen sideways movement. (think of this as the daily candle wick). The channel is 1,5425 to 1.5480.

The next major move either way will be in the next asia / London sesison . Till then we are in range.

For now we can assume that next session will also be up due to 4hour trend unless we have confirmation of something different , maybe off the channel low 1.5420 into 1.5520 ( forming days range and stopping on R) . There is no need to sell this other than a scalp off the top of the trend channel and even that is suspect at start of next session due to potential breakout.
Blogging daily now at www.volume.zone
  • #221,493
  • Apr 26, 2010 2:18pm Apr 26, 2010 2:18pm
Malcolmb...putting gbp aside for a moment, are you still bearish on the SP500 ?
  • #221,494
  • Apr 26, 2010 2:19pm Apr 26, 2010 2:19pm
Quoting malcolmb14
here is my take on the day .

we moved rapidly from asia low to range high for the day (110 pip move)

since then we have seen sideways movement. (think of this as the daily candle wick). The channel is 1,5425 to 1.5480.

The next major move either way will be in the next asia / London sesison . Till then we are in range.

For now we can assume that next session will also be up due to 4hour trend unless we have confirmation of something different , maybe off the channel low 1.5420 into 1.5520 ( forming days range and stopping on R) . There...
A chart would be nice bro...
  • #221,495
  • Apr 26, 2010 2:26pm Apr 26, 2010 2:26pm
Quoting malcolmb14
here is my take on the day .

we moved rapidly from asia low to range high for the day (110 pip move)

since then we have seen sideways movement. (think of this as the daily candle wick). The channel is 1,5425 to 1.5480.

The next major move either way will be in the next asia / London sesison . Till then we are in range.

For now we can assume that next session will also be up due to 4hour trend unless we have confirmation of something different , maybe off the channel low 1.5420 into 1.5520 ( forming days range and stopping on R) . There...
Thanks Malcolm!
  • #221,496
  • Apr 26, 2010 2:29pm Apr 26, 2010 2:29pm
Quoting A-speculator
A chart would be nice bro...
chart 1 = 4 hour showing lower tl and murrey math lines

1.5420 support... this fails we go to 1.5380/1.5320 next session , for now htough I am looking for move to test 1.5520

chart 2 = 30 min showing range completed in asia
chart 3 = daily with wick on top of daily candle ( this is the 40 pip we are in now)

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Blogging daily now at www.volume.zone
  • #221,497
  • Apr 26, 2010 2:35pm Apr 26, 2010 2:35pm
Quoting lumesh
Malcolmb...putting gbp aside for a moment, are you still bearish on the SP500 ?

sand p on crack ....all dips being bought.

I do not get it to be honest . I htink there is a bit of a feeding frenzy going on and this really reminds me of the dotcom years. A healthier market would be one with natural waves where we get decent reatrces that are bought and move market up , instead we get a 10 point dip on bad news and the buyers ocme ripping into to support it.

I just wonder what happens when whoever (well we all know who ..GS ) stops supporting this market

How about the one and only poor guy who obviously had issues what he was being instructed to do at GS being the ONLY one charged by the SEC. AS IF HE OPERATED ON HIS OWN WITHOUT ANY HIGHER MANAGER KNOWLEDGE...COMPLETE BULLSHIT

LOL give me a f**king break. The SEC AND GS are in bed together. Who made how many millions on the ' sec going to press civil case on GS' bullshit news ? YOu can bet both SEC top dogs did and GS top dogs did
Blogging daily now at www.volume.zone
  • #221,498
  • Apr 26, 2010 2:40pm Apr 26, 2010 2:40pm
Quoting malcolmb14
chart 1 = 4 hour showing lower tl and murrey math lines

1.5420 support... this fails we go to 1.5380/1.5320 next session , for now htough I am looking for move to test 1.5520

chart 2 = 30 min showing range completed in asia
chart 3 = daily with wick on top of daily candle ( this is the 40 pip we are in now)

Attachment

Attachment

Attachment
Lol.. that's 3 hell of charts... don't be mad man.. i'm just joking..

As I mentioned before.. the most it will go is at around 5400 to test the high of daily hammer, after all, i'm not gonna trade that move..
  • #221,499
  • Apr 26, 2010 2:43pm Apr 26, 2010 2:43pm
Quoting A-speculator
Lol.. that's 3 hell of charts... don't be mad man.. i'm just joking..

As I mentioned before.. the most it will go is at around 5400 to test the high of daily hammer, after all, i'm not gonna trade that move..
lol well you asked for a chart ..I gave you 3 ....

Blogging daily now at www.volume.zone
  • #221,500
  • Apr 26, 2010 2:50pm Apr 26, 2010 2:50pm
Quoting malcolmb14
lol well you asked for a chart ..I gave you 3 ....

The inexorable rise of indices has something to do with bailout money. Too much details to cover here. To put it extremely simplistically, some of those that were rescued put the rescued money back in the market, on conditions demanded by the FED.

Can I ask what are those two horizontal triangular shape things on your second chart? Some sort of volume indicator? And where can I download it? Thanks
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