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Cable Update (GBPUSD)

  • #221,761
  • Apr 27, 2010 7:17am Apr 27, 2010 7:17am
For ALL,

Be Carefully for This TIME.
Market will NOT Going movement so FAR, because Waiting for NEWS Report : Fed Chairman Bernanke Testifies at 9.00 PM
Look in http://www.forexfactory.com/calendar.php

And I think, CABLE will go UP.
Found ABCD Bullish in HARMONIC Pattern :
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-27_M30 Chart.jpg Size: 365 KB
Always looking the GREAT, never left GOOD Point...
  • #221,762
  • Apr 27, 2010 7:28am Apr 27, 2010 7:28am
Quoting Dazzer
Hi Tsar,

See the instructions for the indi below. I don't take credit for anything as I didn't code the indi or write the Pdf.

Also, to understand volume and price action, you need to look at the VSA thread here on FF. Its really good and will help you get started.

Good luck as always

Dazzer
Nice work! I have it setup on another MT4 platform (I have 3 now) and it shows 2 NO supply bars on m15, which show that the bears are weakening... right?
  • #221,763
  • Apr 27, 2010 7:28am Apr 27, 2010 7:28am
From AF Ichimoko and CandleSticks analysis:

New strategy
Buy at 1.5330, Target: 1.5520, Stop: 1.5265
Despite yesterday's rise to 1.5498, the retreat from there suggests further consolidation would be seen and pullback to the Ichimoku cloud area (now at 1.5352-58) would be seen, however, reckon support at 1.5295 would hold and bring another rise later. Above said resistance would signal upmove has resumed for retest of 1.5524, break there would confirm and extend to 1.5555 (50% projection of 1.4798-1.5524 measuring from 1.5192) and possibly towards 1.5582 (38.2% Fibonacci retracement of 1.6879 to 1.4781) which is likely to hold from here.
In view of the above analysis, we are still looking to buy sterling on dips for such rise. Below 1.5265/70 would prolong consolidation but reckon support at 1.5192 would remain intact.

On the basis of this, I am moving my initial take half profit from 5370 to 5420 Come on bulls..............
  • #221,764
  • Apr 27, 2010 7:33am Apr 27, 2010 7:33am
Quoting bbakker
Nice work! I have it setup on another MT4 platform (I have 3 now) and it shows 2 NO supply bars on m15, which show that the bears are weakening... right?
now with low volume it can spike fast either way its risky but hoping for some retrecement easy and slowly
  • #221,765
  • Apr 27, 2010 7:35am Apr 27, 2010 7:35am
Quoting Faryad
BB see u at 1.5600
F, if she close above 1.5400 i'm holding till 1.5700. if 1.5320 fails to hold than i see her crashing sub 1.5000 to 1.4800.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 101 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #221,766
  • Edited 7:48am Apr 27, 2010 7:36am | Edited 7:48am
Quoting bbakker
Can't find his next planned visit to the UK or Europe. He was here this time last year. His daily diary can be found at http://www.politico.com/politico44/
Yeah ...
I also do not find these INFO.
Maybe... After Elections in England / the Electoral Officer FED.

But Caution and should remain because Results of Obama's Agenda will give BIG IMPACT for the Movement of GBP, EURO and USD Currencies

Thank's Bro
Always looking the GREAT, never left GOOD Point...
  • #221,767
  • Apr 27, 2010 7:39am Apr 27, 2010 7:39am
Quoting kill56
now with low volume it can spike fast either way its risky but hoping for some retrecement easy and slowly
Easy and slowly sounds good to me, especially after the hectic morning!
  • #221,768
  • Apr 27, 2010 7:45am Apr 27, 2010 7:45am
bot @ 27
SL 10
NO TP

will add some more at @ 20

hw gud is it
  • #221,769
  • Apr 27, 2010 7:49am Apr 27, 2010 7:49am
Quoting cloggie
I got my eye on 327 for fibre

It took a couple of hours and got within a few pips. Am flat fibre now.
  • #221,770
  • Apr 27, 2010 7:58am Apr 27, 2010 7:58am
Inserted Video
  • #221,771
  • Apr 27, 2010 7:58am Apr 27, 2010 7:58am
Quoting cloggie
The next support I see on H4 is 5294.....

Not convinced we are going to reach this today, NY had no momentum on opening, am flat Cable too.
  • #221,772
  • Apr 27, 2010 8:12am Apr 27, 2010 8:12am
Quoting Bull_Bear
F, if she close above 1.5400 i'm holding till 1.5700. if 1.5320 fails to hold than i see her crashing sub 1.5000 to 1.4800.
What time frame do you see it going to 1.48 over if it does go south?
  • #221,773
  • Apr 27, 2010 8:19am Apr 27, 2010 8:19am
Quoting OldReigatian
What time frame do you see it going to 1.48 over if it does go south?

Cable can move 3-400 pips a week so theoretically that could take 2 weeks, however the market is just holding on till election time next week a hung parliament will see cable drop, a clear conservative win will see cable go up.

If the half cloggie Clegg gets in we are all doomed.....
  • #221,774
  • Apr 27, 2010 8:22am Apr 27, 2010 8:22am
Quoting bbakker
Nice work! I have it setup on another MT4 platform (I have 3 now) and it shows 2 NO supply bars on m15, which show that the bears are weakening... right?

Thats the idea bbakker, if theres no supply, then the price will probably go up, but I don't trade off those text bars exclusively, its usually just for confirmation.
Likewise, if theres no demand, then the price will normally fall. Just like in any business. I only use it on the M30 which is the final time frame I look at when deciding to trade or not.

Hope it works for you.

Dazzer
  • #221,775
  • Apr 27, 2010 8:29am Apr 27, 2010 8:29am
is cable and fiber waiting for the kill or thats it for today and the big boys are watching doing nothing
  • #221,776
  • Apr 27, 2010 8:30am Apr 27, 2010 8:30am
Quoting cloggie
Cable can move 3-400 pips a week so theoretically that could take 2 weeks, however the market is just holding on till election time next week a hung parliament will see cable drop, a clear conservative win will see cable go up.

If the half cloggie Clegg gets in we are all doomed.....
  • #221,777
  • Apr 27, 2010 8:30am Apr 27, 2010 8:30am
This boring range maybe more accumulation going on in the background, or it could be that the mms are waiting for all of us suckers to buy up so they can dump it again (and then use the news as the reason).
Thats what happens when the bears "have a rest". They're not resting, they're scheming.

Dazzer
  • #221,778
  • Apr 27, 2010 8:31am Apr 27, 2010 8:31am
Quoting kill56
is cable and fiber waiting for the kill or thats it for today and the big boys are watching doing nothing
One thing is sure, this wait is killing me.
  • #221,779
  • Apr 27, 2010 8:32am Apr 27, 2010 8:32am
Quoting cloggie
Cable can move 3-400 pips a week so theoretically that could take 2 weeks, however the market is just holding on till election time next week a hung parliament will see cable drop, a clear conservative win will see cable go up.

If the half cloggie Clegg gets in we are all doomed.....

If he gets in I'll have sex with next doors westie, yappy little twat.
  • #221,780
  • Apr 27, 2010 8:33am Apr 27, 2010 8:33am
Quoting Dazzer
Thats the idea bbakker, if theres no supply, then the price will probably go up, but I don't trade off those text bars exclusively, its usually just for confirmation.
Likewise, if theres no demand, then the price will normally fall. Just like in any business. I only use it on the M30 which is the final time frame I look at when deciding to trade or not.

Hope it works for you.

Dazzer
I like the idea of VSA, but I am getting stuck into the voodoo boodoo at the moment using Magix's MAs. Still it will be useful and it will add another string to my bow. Many thanks!
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