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Cable Update (GBPUSD)

  • #221,661
  • Apr 27, 2010 4:30am Apr 27, 2010 4:30am
Quoting cloggie
This guy here bought last Friday and again on Sunday claiming that he makes 1500 pips a week, Ah well I do hope that not too many noobs followed this guy to a blown account. I am glad that tr@lls like this get found out so easily here.
The proof is in the pudding.

They come, they go, but they will never be around long enough to last in this game. I made a million pips this morning
  • #221,662
  • Apr 27, 2010 4:31am Apr 27, 2010 4:31am
Quoting Dazzer
Hi Cats, with pleasure.

If you refer to the chart at the bottom of the chart pic, then here you go. I also attached a bar recognition indi also, but you may want to read up about what it all means before you use it.

Good luck

Dazzer
Your a gentleman and a scholar May heaven shower you with greens

Cheers

The Cats PJs
Trade what you see never what you think!
  • #221,663
  • Apr 27, 2010 4:32am Apr 27, 2010 4:32am
If the news is good for the ££ and the price is expected to rise, then the your broker will probably keep selling until the news. Like you, they want a good price if its gonna go up.

Dazzer
  • #221,664
  • Apr 27, 2010 4:33am Apr 27, 2010 4:33am
this fall is different to previous ones.. before price would go down in jumps i.e. buyers were stepping in straight away and even after it went down quite quickly it was jumping still but today buyers seem to be asleep price just kind of slides down only now at 1.5350 im starting to see this jumpiness.. so i dont think we will see this down move being retraced in NY session.

also yesterday as it appears now we saw distribution around 1.5480 level....can I go a far as saying we will see 1.52 today ? certainly my expectations of 1.52 are greater than 1.5480....but probably 1.53 will be the limit
  • #221,665
  • Apr 27, 2010 4:33am Apr 27, 2010 4:33am
Quoting TheCatsPJs
Your a gentleman and a scholar May heaven shower you with greens

Cheers

The Cats PJs

You're very welcome. Hope it works for you.

Dazzer
  • #221,666
  • Apr 27, 2010 4:33am Apr 27, 2010 4:33am
Quoting bbakker
The proof is in the pudding.

They come, they go, but they will never be around long enough to last in this game. I made a million pips this morning

LOL!!!
  • #221,667
  • Apr 27, 2010 4:37am Apr 27, 2010 4:37am
LONG at 5348 due to H4 sloping resistance. Will have finger on the trigger and hopefully take a bounce, as the daily doesn't look good to me - possible double top.
We shall see ...
  • #221,668
  • Apr 27, 2010 4:38am Apr 27, 2010 4:38am
Quoting Magix
If the 24 is below 200, sell confirmation, if the 24 is above 200, buy confirmation.

When you see the cross, wait for retrace of the 200ema on that line and take trigger as price closes below the 24sma.
Sorry for being dumb when you say "When you see the cross, wait for retrace of the 200ema on that line and take trigger as price closes below the 24sma" please can you explain in a bit more detail

Many thanks
  • #221,669
  • Apr 27, 2010 4:39am Apr 27, 2010 4:39am
Quoting bbakker
The proof is in the pudding.

They come, they go, but they will never be around long enough to last in this game. I made a million pips this morning

man i did make 10pips today thank god
  • #221,670
  • Apr 27, 2010 4:39am Apr 27, 2010 4:39am
Quoting The Magician
LONG at 5348 due to H4 sloping resistance. Will have finger on the trigger and hopefully take a bounce, as the daily doesn't look good to me - possible double top.
We shall see ...

The next support I see on H4 is 5294.....
  • #221,671
  • Apr 27, 2010 4:40am Apr 27, 2010 4:40am
The very small candle on the M5 which opened at 10:30 GMT had a massive relative volume. That could be the weakness in the down-trend and the buyers may have stepped in. Also we're at 1.5350ish and that would be a good place to buy if we get further confirmation. We won't see that until 11:00 and then we have news.

Cats PJs: Did you see that on the volume indi?? Could be significant.

Dazzer
  • #221,672
  • Apr 27, 2010 4:42am Apr 27, 2010 4:42am
FWIW - Gold is back at support (1150) - cable is getting BEAT UP,
Fibre turning south....

If cable prints a low number on the 6:00Am news she is likely to fall further.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,673
  • Apr 27, 2010 4:42am Apr 27, 2010 4:42am
Quoting The Magician
LONG at 5348 due to H4 sloping resistance. Will have finger on the trigger and hopefully take a bounce, as the daily doesn't look good to me - possible double top.
We shall see ...
Too early to go long for me, but I am enjoying my fibre instead with a short from last night. 1.34 was too good not to go short on! I am keeping this one open hopefully for a long time, as I hope we don't see that number again for a while... but you never know!
  • #221,674
  • Apr 27, 2010 4:43am Apr 27, 2010 4:43am
Quoting cloggie
The next support I see on H4 is 5294.....
Then I am srreeeeewwed! lol!
  • #221,675
  • Apr 27, 2010 4:44am Apr 27, 2010 4:44am
Any chance it will go up again?
  • #221,676
  • Apr 27, 2010 4:44am Apr 27, 2010 4:44am
Quoting bbakker
Too early to go long for me, but I am enjoying my fibre instead with a short from last night. 1.34 was too good not to go short on! I am keeping this one open hopefully for a long time, as I hope we don't see that number again for a while... but you never know!

I got my eye on 327 for fibre
  • #221,677
  • Apr 27, 2010 4:46am Apr 27, 2010 4:46am
Quoting Emanuele
Any chance it will go up again?
Eventually price will always go up... timing it is another question!
  • #221,678
  • Apr 27, 2010 4:46am Apr 27, 2010 4:46am
update
Attached Image (click to enlarge)
Click to Enlarge Name: 15m cable n.gif Size: 19 KB
  • #221,679
  • Apr 27, 2010 4:48am Apr 27, 2010 4:48am
Quoting kill56
update
oh sheeeeeet! lol <:o
  • #221,680
  • Apr 27, 2010 4:48am Apr 27, 2010 4:48am
Quoting Dazzer
The very small candle on the M5 which opened at 10:30 GMT had a massive relative volume. That could be the weakness in the down-trend and the buyers may have stepped in. Also we're at 1.5350ish and that would be a good place to buy if we get further confirmation. We won't see that until 11:00 and then we have news.

Cats PJs: Did you see that on the volume indi?? Could be significant.

Dazzer

Also look at the last M15 bar close which began life at 10:30. Massive volume spike and a very small spread of candle relatively speaking.

Dazzer


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