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Cable Update (GBPUSD)

  • #226,801
  • May 16, 2010 7:19pm May 16, 2010 7:19pm
Charts really showed nothing indicating much in the form of buying Friday that news helped the down ward push go a little faster lol
  • #226,802
  • May 16, 2010 7:19pm May 16, 2010 7:19pm
it needs only to look and then itchy fingers and green will come up early but no regret
Attached Image (click to enlarge)
Click to Enlarge Name: 5m cable n.gif Size: 16 KB
  • #226,803
  • May 16, 2010 7:24pm May 16, 2010 7:24pm
Quoting Magix
Celebration of life for a passed family member this weekend kill.

Was an opportunity to catch up with a lot of family, just wished it to be under better circumstances.

Took short on trigger, 4 majors, looks like I might be able to have a short week this week.

sorry bro that's life we come come and go we leave after us the good deeds
  • #226,804
  • May 16, 2010 7:26pm May 16, 2010 7:26pm
Quoting digger1
Charts really showed nothing indicating much in the form of buying Friday that news helped the down ward push go a little faster lol
Friday, no...but

I am having a look at the EU monthly chart and show us hitting the 200ema on the monthly chart.

I would expect some reaction to this line, though am not ready to start buying just yet.

Given that EG is still on the fall, in order for it to continue its trend, and if EU does get a reaction to the 200ema on the monthly, we could see some strength in buying on cable.

Just a thought.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,805
  • May 16, 2010 7:30pm May 16, 2010 7:30pm
Quoting Magix
Celebration of life for a passed family member this weekend kill.

Was an opportunity to catch up with a lot of family, just wished it to be under better circumstances.

Took short on trigger, 4 majors, looks like I might be able to have a short week this week.
Ah my condolences friend , something none of us will escape , dosent make it any easier when it happens hope all goes well as can be expected
  • #226,806
  • May 16, 2010 7:32pm May 16, 2010 7:32pm
Quoting Magix
Friday, no...but

I am having a look at the EU monthly chart and show us hitting the 200ema on the monthly chart.

I would expect some reaction to this line, though am not ready to start buying just yet.

Given that EG is still on the fall, in order for it to continue its trend, and if EU does get a reaction to the 200ema on the monthly, we could see some strength in buying on cable.

Just a thought.
not yet not yet rallies a lot sweeter keep an eye on 120 then we might start a real reversal
  • #226,807
  • May 16, 2010 7:32pm May 16, 2010 7:32pm
Quoting Magix
Friday, no...but

I am having a look at the EU monthly chart and show us hitting the 200ema on the monthly chart.

I would expect some reaction to this line, though am not ready to start buying just yet.

Given that EG is still on the fall, in order for it to continue its trend, and if EU does get a reaction to the 200ema on the monthly, we could see some strength in buying on cable.

Just a thought.
would think some kind of bounce would present itself soon but not looking real bouncy yet lol, As long as it moves one way or the other thats fine
  • #226,808
  • May 16, 2010 7:34pm May 16, 2010 7:34pm
Quoting RichLadyFX
London's Heathrow closed due to Icelandic volcano Ash Cloud. Dropping some more?
that will add some sugar to the bleeding cable
  • #226,809
  • May 16, 2010 7:36pm May 16, 2010 7:36pm
Attached Image
  • #226,810
  • May 16, 2010 7:37pm May 16, 2010 7:37pm
Quoting digger1
Ah my condolences friend , something none of us will escape , dosent make it any easier when it happens hope all goes well as can be expected
Thanks.

The suffering was long and great and I am sure she welcomed the end.

It never gets easier.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,811
  • May 16, 2010 7:42pm May 16, 2010 7:42pm
wise man what u think about the 1ema
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Click to Enlarge Name: 1m cable n.gif Size: 17 KB
  • #226,812
  • May 16, 2010 7:51pm May 16, 2010 7:51pm
Quoting kill56
wise man what u think about the 1ema
The 1EMA can help for trend spotting but can also offer a lot of head fakes. I have been playing around with triggers from different EMA's and comparing them on the majors, from what I have seen, I think the 10 is probably the fastest I would use.

I used to trade with a 4/9 and 4/13 in the stock days off a daily chart, but when applied to the minutes and movement that is possible in the forex market, they can be a little too sensitive.

The moving averages are ways of trend spotting and a way of following movement, so, if the 1EMA is something that assists you in making money, well, thumbs up. Anything that shakes a couple sheckles outa market instead of outa account is all good with me.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,813
  • May 16, 2010 8:35pm May 16, 2010 8:35pm
"Lets see what happens over the next week, but I will say one thing, many traders Shorting the Euro and GBP are in for a very, very, large nasty surprise."

Borrowing a quote from another thread, reason being, I am beginning to wonder if some folk are of the belief that profiting from the forex markets is evil, perhaps work of the devil.

A long while back when I visited church, I do remember a collection plate being passed around, perhaps this is the idea behind the post.

Your money and profit is evil.

Give it back to the market, cleanse your souls, and live a long and happy life out of a shopping cart.

OR

Let me add, a twist on this idea.
Profit is good. Losing sucks.

Follow the money, traders don't go broke taking profits.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,814
  • May 16, 2010 8:41pm May 16, 2010 8:41pm
yeah sounding like Hugo Chavez, did you read that article?

Quoting Magix
"Lets see what happens over the next week, but I will say one thing, many traders Shorting the Euro and GBP are in for a very, very, large nasty surprise."

Borrowing a quote from another thread, reason being, I am beginning to wonder if some folk are of the belief that profiting from the forex markets is evil, perhaps work of the devil.

A long while back when I visited church, I do remember a collection plate being passed around, perhaps this is the idea behind the post.

Your money and profit is evil.

Give it back to the...
"The real genius is knowing when to stop." - Marc Faber
  • #226,815
  • May 16, 2010 8:44pm May 16, 2010 8:44pm
I'm just wondering if 1.44 will give as much support as 1.50 gave resistance. these round numbers seem to have some effect...
"The real genius is knowing when to stop." - Marc Faber
  • #226,816
  • May 16, 2010 8:56pm May 16, 2010 8:56pm
Hhits you from usa right?? so did you wake up now or still awake lol???
  • #226,817
  • May 16, 2010 9:03pm May 16, 2010 9:03pm
Quoting hhitch
yeah sounding like Hugo Chavez, did you read that article?
Sorry, never seen the article...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,818
  • May 16, 2010 9:04pm May 16, 2010 9:04pm
ah the eur finally gets going
  • #226,819
  • May 16, 2010 9:04pm May 16, 2010 9:04pm
Quoting Magix
Sorry, never seen the article...
Venezuela raids forex firms, arrests one man
Sat May 15, 2010 7:06pm EDT

* Chavez declares war on currency "speculators"

http://www.reuters.com/article/idUSN1521496820100515
"The real genius is knowing when to stop." - Marc Faber
  • #226,820
  • May 16, 2010 9:13pm May 16, 2010 9:13pm
Quoting Magix
"Lets see what happens over the next week, but I will say one thing, many traders Shorting the Euro and GBP are in for a very, very, large nasty surprise."

Borrowing a quote from another thread, reason being, I am beginning to wonder if some folk are of the belief that profiting from the forex markets is evil, perhaps work of the devil.

A long while back when I visited church, I do remember a collection plate being passed around, perhaps this is the idea behind the post.

Your money and profit is evil.

Give it back to the market,...
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