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Cable Update (GBPUSD)

  • #227,461
  • May 18, 2010 8:48pm May 18, 2010 8:48pm
I see another long opportunity due to morning doji pattern on 2h chart. That is if it closes around this price in 12 mins. Tp would be between 40-70 pips.
  • #227,462
  • May 18, 2010 8:54pm May 18, 2010 8:54pm
Quoting nahman
I see another long opportunity due to abandoned baby pattern on 2h chart. That is if it closes around this price in 12 mins. Tp would be between 40-70 pips.
Sure seems like a bounce would be coming , but we have put in a new daily low , marginally but another new low just the same . Price has drifted back up to yesterdays low where it got whacked pretty good again not much follow thru as yet but longs seems we should stop putting in new lows 1st
  • #227,463
  • May 18, 2010 8:54pm May 18, 2010 8:54pm
plus who knows what kind of unforeseen side effects this kind of control will have.

Quoting digger1
lol, still going on about that amazing that all these gov agencys dont understand selling is selling , err uumm gov agency ah guess not amazing at all , most probably dont even know what their job in the agency is supposed to be and it will take another agency to inform them lol
"The real genius is knowing when to stop." - Marc Faber
  • #227,464
  • May 18, 2010 9:02pm May 18, 2010 9:02pm
Quoting nahman
I see another long opportunity due to morning doji pattern on 2h chart. That is if it closes around this price in 12 mins. Tp would be between 40-70 pips.
I had short trade earlier from yesterdays low until the horse kicks you off no sense in guessing what he is going to this is what he did last time here
Attached Image (click to enlarge)
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  • #227,465
  • May 18, 2010 9:02pm May 18, 2010 9:02pm
Quoting digger1
Sure seems like a bounce would be coming , but we have put in a new daily low , marginally but another new low just the same . Price has drifted back up to yesterdays low where it got whacked pretty good again not much follow thru as yet but longs seems we should stop putting in new lows 1st
London never had a chance playing the bottom range of the charts from the dump on Sunday Asian session, they were buying up the chart then. If we were to see a bottom put in, I would still say that London will be putting their official stamp on it prior to bouncing it up.

Could this happen during the next London Session? Very much possible.

If we look at the EUR/USD we are now below the monthly 200EMA. I do believe that there is a strong possibility of reaction for this, and given how the EG chart is still on the slide, I am going to still say that we could see some reaction on bullish strength for EU here, and with EG charts favoring the bears, the bullish strength could prove to be pretty heavy for cable.

Just a thought.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,466
  • May 18, 2010 9:05pm May 18, 2010 9:05pm
Quoting Magix
London never had a chance playing the bottom range of the charts from the dump on Sunday Asian session, they were buying up the chart then. If we were to see a bottom put in, I would still say that London will be putting their official stamp on it prior to bouncing it up.

Could this happen during the next London Session? Very much possible.

If we look at the EUR/USD we are now below the monthly 200EMA. I do believe that there is a strong possibility of reaction for this, and given how the EG chart is still on the slide, I am going to still say...
ah totally agree man
  • #227,467
  • May 18, 2010 9:26pm May 18, 2010 9:26pm
Quoting Magix
London never had a chance playing the bottom range of the charts from the dump on Sunday Asian session, they were buying up the chart then....
Hi Mag .. how about a simple GU is going to xxxxx ... or gu is going up to xxxx.....lol

hope all is well
Blogging daily now at www.volume.zone
  • #227,468
  • May 18, 2010 9:32pm May 18, 2010 9:32pm
Quoting malcolmb14
Hi Mag .. how about a simple GU is going to xxxxx ... or gu is going up to xxxx.....lol

hope all is well
Quoting some of the folk in here....

Price is going both up and down, from as low as I have seen posted .90 to the highs in the forecast, conservatively, 1.58 <-Richard Tugsalot(and if I might add, still 40 pips lower then where he started building his longs), and of course wormies 1.7.

I will forecast a possible test of the 5m 200ema if we head topside, current price 1.4333 if we continue a move up, and a most probable attempt at LOD for the bottom.

Anything above or below them lines, will be just wh00p a$$ profit.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,469
  • May 18, 2010 9:39pm May 18, 2010 9:39pm
can you just clarify your meaning on "LOD for the bottom"? I totally understand the 200 m5 ema at 1.4334

Quoting Magix
and a most probable attempt at LOD for the bottom.
"The real genius is knowing when to stop." - Marc Faber
  • #227,470
  • May 18, 2010 9:42pm May 18, 2010 9:42pm
Quoting hhitch
can you just clarify your meaning on "LOD for the bottom"? I totally understand the 200 m5 ema at 1.4334
Depending on your broker, LOD or the Low of Day shows to be about 1.4236.

A double tap at bottom, if we were to see a bounce would be expected during London trade session.

I am not saying we are going to bounce, I am just saying that a possibility exists.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227,471
  • May 18, 2010 9:44pm May 18, 2010 9:44pm
oh I see: LOD = Low Of the Day,
I thought you meant LOD = London Daily Open
hence my confusion

thanks Magix.

Quoting Magix
Depending on your broker, LOD or the Low of Day shows to be about 1.4236.

A double tap at bottom, if we were to see a bounce would be expected during London trade session.

I am not saying we are going to bounce, I am just saying that a possibility exists.
"The real genius is knowing when to stop." - Marc Faber
  • #227,472
  • May 18, 2010 9:45pm May 18, 2010 9:45pm
Quoting Magix
Quoting some of the folk in here....

Price is going both up and down, from as low as I have seen posted .90 to the highs in the forecast, conservatively, 1.58 <-Richard Tugsalot(and if I might add, still 40 pips lower then where he started building his longs), and of course wormies 1.7.

I will forecast a possible test of the 5m 200ema if we head topside, current price 1.4333 if we continue a move up, and a most probable attempt at LOD for the bottom.

Anything above or below them lines, will be just wh00p a$$ profit.

I have a PO sell at 5m 200 ema (DP today 1.4343 ), mean while still hold a long from 1.4277 ( Weekly S1). GL for me and to all !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,473
  • May 18, 2010 9:49pm May 18, 2010 9:49pm
Quoting Magix
Quoting some of the folk in here....

Price is going both up and down, from as low as I have seen posted .90 to the highs in the forecast, conservatively, 1.58 <-Richard Tugsalot(and if I might add, still 40 pips lower then where he started building his longs), and of course wormies 1.7.

I will forecast a possible test of the 5m 200ema if we head topside, current price 1.4333 if we continue a move up, and a most probable attempt at LOD for the bottom.

Anything above or below them lines, will be just wh00p a$$ profit.

I see 14075 being tested today
  • #227,474
  • May 18, 2010 9:53pm May 18, 2010 9:53pm
can you explain your reasoning? interested

Quoting OldReigatian
I see 14075 being tested today
"The real genius is knowing when to stop." - Marc Faber
  • #227,475
  • May 18, 2010 9:58pm May 18, 2010 9:58pm
Quoting hhitch
can you explain your reasoning? interested
top asia 1.4300

daily range average 10 days = 240

1.4060

I am also thinking this possibility is there
Blogging daily now at www.volume.zone
  • #227,476
  • May 18, 2010 10:01pm May 18, 2010 10:01pm
Quoting Magix
Quoting some of the folk in here....

Price is going both up and down, from as low as I have seen posted .90 to the highs in the forecast, conservatively, 1.58 <-Richard Tugsalot(and if I might add, still 40 pips lower then where he started building his longs), and of course wormies 1.7.

I will forecast a possible test of the 5m 200ema if we head topside, current price 1.4333 if we continue a move up, and a most probable attempt at LOD for the bottom.

Anything above or below them lines, will be just wh00p a$$ profit.


what longs 1.5800 .

I do not care about gbp ..usd is going to kick arse .. us indexes show
ing major weakness on weekly for massive correction s and p 850 to start
Blogging daily now at www.volume.zone
  • #227,477
  • May 18, 2010 10:06pm May 18, 2010 10:06pm
ok cool thanks got it

Quoting malcolmb14
top asia 1.4300

daily range average 10 days = 240

1.4060

I am also thinking this possibility is there
"The real genius is knowing when to stop." - Marc Faber
  • #227,478
  • May 18, 2010 10:08pm May 18, 2010 10:08pm
Quoting malcolmb14
top asia 1.4300

daily range average 10 days = 240

1.4060

I am also thinking this possibility is there
I hope up 1st to DP 07.00 am GMT + 7, 1,4343 to hit my TP long and execute my PO sell there just for the vodooo bodooo !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,479
  • May 18, 2010 10:10pm May 18, 2010 10:10pm
Quoting manize
I hope up 1st to DP 07.00 am GMT + 7, 1,4343 to hit my TP long and execute my PO sell there !
anything is possible

ftse will have a huge gap , not sure if it will try and fill gap
Blogging daily now at www.volume.zone
  • #227,480
  • May 18, 2010 10:13pm May 18, 2010 10:13pm
can you tell me where to find chart for ftse?

Quoting malcolmb14
anything is possible

ftse will have a huge gap , not sure if it will try and fill gap
"The real genius is knowing when to stop." - Marc Faber
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