Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#230,841
Jun 9, 2010 5:57pm Jun 9, 2010 5:57pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting kill56

Disliked

did u buy then sell the sweet es

Ignored

missed the buy but hammered the sell .....

classic buying climax then no deman on 10 min chart 1077 ....

Blogging daily now at www.volume.zone

#230,842
Jun 9, 2010 6:05pm Jun 9, 2010 6:05pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

es has a nasty pin on high volume right above support ..

if 1050 does not give way tomorrow I am going to take summer off as this whipsaw bullshit is tiring me out

Blogging daily now at www.volume.zone

#230,843
Jun 9, 2010 6:17pm Jun 9, 2010 6:17pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

mal look at this

i think we will break below 1040 and we might see 980 and form an azz down there then we will be on our way up

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: h4 es.gif
Size: 30 KB

Click to Enlarge

Name: daily es.gif
Size: 32 KB

#230,844
Jun 9, 2010 6:17pm Jun 9, 2010 6:17pm

Naseri13
Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts

The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.4605 level and was supported around the $1.4395 level. Data released in the U.K. today saw the April visible trade balance print at -£7.279 billion while the total trade deficit widened to -£3.263 billion. Bank of England’s Monetary Policy Committee is expected to keep rates unchanged tomorrow and to keep its asset purchase target unchanged at £200 billion. Cable bids are cited around the US$ 1.4220 level. The euro depreciated vis-à-vis the British pound as the single currency tested bids around the £0.8240 level and was capped around the £0.8285 level.
GN

A little beginner trader since 2006

#230,845
Jun 9, 2010 6:21pm Jun 9, 2010 6:21pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting kill56

Disliked

mal look at this

Ignored

es is cooked .... IMHO ...

1039 then 1020 targets tomorrow.

Blogging daily now at www.volume.zone

#230,846
Jun 9, 2010 6:22pm Jun 9, 2010 6:22pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting Naseri13

Disliked

The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.4605 level and was supported around the $1.4395 level. Data released in the U.K. today saw the April visible trade balance print at -£7.279 billion while the total trade deficit widened to -£3.263 billion. Bank of England’s Monetary Policy Committee is expected to keep rates unchanged tomorrow and to keep its asset purchase target unchanged at £200 billion. Cable bids are cited around the US$ 1.4220 level. The euro depreciated vis-à-vis...

Ignored

nice if you could post some of your own thoughts .....

Blogging daily now at www.volume.zone

#230,847
Jun 9, 2010 6:27pm Jun 9, 2010 6:27pm

Artie
| Joined Mar 2010 | Status: Trader | 101 Posts

Quoting kill56

Disliked

mal look at this

i think we will break below 1040 and we might see 980 and form an azz down there then we will be on our way up

Ignored

Hi kill. Could you explain how the indicator in your charts works? Also, I'd like to understand why you don't have a ltl off of the 7 June bar, which would create another wedge.

Thanks for your help.

The market is always right.

#230,848
Jun 9, 2010 6:39pm Jun 9, 2010 6:39pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting kill56

Disliked

mal look at this

i think we will break below 1040 and we might see 980 and form an azz down there then we will be on our way up

Ignored

I have 950 as completion wave 1 on weekly ....

bounce to 1025 ish

then 750 ...

My low on dj by 2012 is 5400 to 4800 ...

Blogging daily now at www.volume.zone

#230,849
Jun 9, 2010 6:48pm Jun 9, 2010 6:48pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting Artie

Disliked

Hi kill. Could you explain how the indicator in your charts works? Also, I'd like to understand why you don't have a ltl off of the 7 June bar, which would create another wedge.

Thanks for your help.

Ignored

this indi drow the lines by it self and it have been working great i do buy and sell on breaks of the TL on lower TF's ride it in between the TL withen wedge i use this indi for conformation with ma's and cam's

test it and let me know

Attached Image (click to enlarge)

Click to Enlarge

Name: daily cable.gif
Size: 23 KB

Attached File(s)

kill A-T-L.mq4 16 KB | 286 downloads

#230,850
Jun 9, 2010 6:52pm Jun 9, 2010 6:52pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting malcolmb14

Disliked

I have 950 as completion wave 1 on weekly ....

bounce to 1025 ish

then 750 ...

My low on dj by 2012 is 5400 to 4800 ...

Ignored

man if the dow gos that far down what will happen to eu and cable and the rest

dam we are talking about $30 oil then man we are going back to 1980's

#230,851
Jun 9, 2010 7:10pm Jun 9, 2010 7:10pm

Artie
| Joined Mar 2010 | Status: Trader | 101 Posts

Quoting kill56

Disliked

this indi drow the lines by it self and it have been working great i do buy and sell on breaks of the TL on lower TF's ride it in between the TL withen wedge i use this indi for conformation with ma's and cam's

test it and let me know

Ignored

Thanks kill! Much appreciated. I'll follow up.

The market is always right.

#230,852
Jun 9, 2010 7:15pm Jun 9, 2010 7:15pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting kill56

Disliked

man if the dow gos that far down what will happen to eu and cable and the rest

dam we are talking about $30 oil then man we are going back to 1980's

Ignored

not sure how this owuld work .. could be a disconnect between USD and the indexes.

PUt it this way ....recovery my arse ..Bernanke is full of shit

housing sector is going to take 2 years to recvoer .. and that is no foreclosures just a bottoming on the market. It may take 25 years or more to get back to pre market crash prices.

Right now 2.5 million houses have been foreclosed on and they are expecting 7 million total.

then the jobs .. wow we add a whole 19 k jobs this month at that rate it will take the US a decade to recover the 2 million jobs that have bene lost in the last 2 years.

Then there is the staggering amount of US debt .

Even though consumers have no job and underwater on their house they keep on spending .. just bring out another credit card.

From a tehcnical stand point dj formed a lower high on weekly and last drop we saw a classic 5 wave drop on weekly. If we get 5 waves this time our ending target is the 61.8 reatrce of 1974 to 2007 on dj which is about 4500. Then we go into a bull super cycle for the next 30 years

Blogging daily now at www.volume.zone

#230,853
Jun 9, 2010 7:17pm Jun 9, 2010 7:17pm

allserene
| Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Quoting malcolmb14

Disliked

My low on dj by 2012 is 5400 to 4800 ...

Ignored

yes but think of the yields --10 %+

lovely

#230,854
Jun 9, 2010 7:19pm Jun 9, 2010 7:19pm

allserene
| Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Quoting malcolmb14

Disliked

Then we go into a bull super cycle for the next 30 years

Ignored

Count me in for that

#230,855
Jun 9, 2010 7:20pm Jun 9, 2010 7:20pm

newbie_fx
| Joined May 2010 | Status: Trader | 80 Posts

Hi Kill56,
I would appreciate if you could share Murray math S/R Levels indicator. I have been looking for that for ages. I appreciate your support on this thread.
Thank you.

#230,856
Jun 9, 2010 7:30pm Jun 9, 2010 7:30pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting newbie_fx

Disliked

Hi Kill56,
I would appreciate if you could share Murray math S/R Levels indicator. I have been looking for that for ages. I appreciate your support on this thread.
Thank you.

Ignored

here u go

Attached File(s)

MM# LabelLevels.mq4 10 KB | 260 downloads

#230,857
Jun 9, 2010 7:33pm Jun 9, 2010 7:33pm

newbie_fx
| Joined May 2010 | Status: Trader | 80 Posts

Quoting kill56

Disliked

here u go

Ignored

Thank you very much. Appreciate that.
Let me tell you you can find many successful people with arrogance but hardly any with humility.

#230,858
Jun 9, 2010 9:37pm Jun 9, 2010 9:37pm

jupiter_peak
Joined Apr 2008 | Status: Controlled Trading. | 1,161 Posts

Hi guys,

Let me share my thoughts on cable:

I see consolidation (decision time) pattern on H4.

Price channeling nicely inside a descending channel clearly observed on daily. Sequence of moves so far, so good.

The descending TL, observed on H4, has already 4 touches. A next touch would mean a 5th touch and most probably an inevitable break north. We tend to call it "The Kiss of Death".

On H4 I see a MACD bullish divergence targeting 1.5057.

On daily, there's a nice RSI divergence(even an opposite direction channel) targeting even higher: 1.5522.

Obviously, all this depends on how USDx will behave.

However, we have clear bullish signs going on and some very interesting targets.

Cheers and safe trading to all.

Attached Image(s) (click to enlarge)