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Cable Update (GBPUSD)

  • #241,921
  • Jul 30, 2010 5:31am Jul 30, 2010 5:31am
just want to say.. this feeling is somehow good as sex..
  • #241,922
  • Jul 30, 2010 5:32am Jul 30, 2010 5:32am
martingale u have a funny name and u r one funny guy
  • #241,923
  • Jul 30, 2010 5:33am Jul 30, 2010 5:33am
Quoting drakes
Hmmm... that's weird... my S1 is 5582, S2 is 5562.... will recheck...

Anyway, will look to reenter again after the retracements... hopefully news will help it move further....
You are using "fibb pivots" not normal pivots very diffrent as overlayed on my chart will show you...:nerd:
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  • #241,924
  • Jul 30, 2010 5:33am Jul 30, 2010 5:33am
Quoting cloggie
No news, just monthly balancing EG, EU balancing will be at 1500.
Thanks. Are those times published somewhere for the various pairs?
  • #241,925
  • Jul 30, 2010 5:35am Jul 30, 2010 5:35am
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Thank You
  • #241,926
  • Jul 30, 2010 5:35am Jul 30, 2010 5:35am
Quoting Martingale
just want to say.. this feeling is somehow good as sex..
hehehe, calm down dude!
  • #241,927
  • Jul 30, 2010 5:36am Jul 30, 2010 5:36am
Quoting langdonb
Thanks. Are those times published somewhere for the various pairs?

No, it is just the norm. ECB buys EG on the last day ususally in 2 batches, 1000GMT and 1100 GMT, just keep an eye out for EG and trade GU accordingly, the US portfolio rebalancing is always at 1500GMT and with the big rally in stocks this month expect some good dollar selling then.
  • #241,928
  • Jul 30, 2010 5:37am Jul 30, 2010 5:37am
Quoting cloggie
No news, just monthly balancing EG, EU balancing will be at 1500.
no news is a good news...
  • #241,929
  • Jul 30, 2010 5:38am Jul 30, 2010 5:38am
Quoting langdonb
Thanks. Are those times published somewhere for the various pairs?
http://dev1.pivotfarm.com/InstrumentsPage.aspx
  • #241,930
  • Jul 30, 2010 5:39am Jul 30, 2010 5:39am
Quoting cloggie
Check your pivot indy with this: http://www.earnforex.com/pivot-points-calculator
Ok got it... thanks...
Don't be emo... don't be emo....
  • #241,931
  • Jul 30, 2010 5:44am Jul 30, 2010 5:44am
I see it bounced off the 25ma on 4H chart.... will it be able to break through that???
Don't be emo... don't be emo....
  • #241,932
  • Jul 30, 2010 5:45am Jul 30, 2010 5:45am
Quoting drakes
Ok got it... thanks...

There are so many different pivot calculations out there, from simple (what I use) to fib, to DeMark, to Woody etc. Just make sure your Indy does what you want it to do and uses the right OHLC. All of my charts and levels are lined up to GMT+1 as I focus on London, especially in the summer as NY has no volatility.
  • #241,933
  • Jul 30, 2010 5:49am Jul 30, 2010 5:49am
Quoting cloggie
There are so many different pivot calculations out there, from simple (what I use) to fib, to DeMark, to Woody etc. Just make sure your Indy does what you want it to do and uses the right OHLC. All of my charts and levels are lined up to GMT+1 as I focus on London, especially in the summer as NY has no volatility.
Alright.... will look into it to see which fits my style better....
Don't be emo... don't be emo....
  • #241,934
  • Jul 30, 2010 5:50am Jul 30, 2010 5:50am
Quoting drakes
Alright.... will look into it to see which fits my style better....

There you go, you are starting to question your indies, good. Don't accept something you don't understand fully and have researched properly.
  • #241,935
  • Jul 30, 2010 5:52am Jul 30, 2010 5:52am
Quoting cloggie
No, it is just the norm. ECB buys EG on the last day ususally in 2 batches, 1000GMT and 1100 GMT, just keep an eye out for EG and trade GU accordingly, the US portfolio rebalancing is always at 1500GMT and with the big rally in stocks this month expect some good dollar selling then.
Do they always buy EG? That would send EU up and GU down, right? Why always buy, not sell?
******************* I'd rather make money than be right.
  • #241,936
  • Jul 30, 2010 5:55am Jul 30, 2010 5:55am
Quoting 4xStar
Do they always buy EG? That would send EU up and GU down, right? Why always buy, not sell?
Because it is the last day of the month and we have to pay for our privileges of putting a blue sticker on our license plates. We pay them in proper money and they have to exchange it for the silly variety.
  • #241,937
  • Jul 30, 2010 5:56am Jul 30, 2010 5:56am
Quoting cloggie
There you go, you are starting to question your indies, good. Don't accept something you don't understand fully and have researched properly.
Think I question too much sometimes... but thanks for helping.... now to dinner and see where we are later...
Don't be emo... don't be emo....
  • #241,938
  • Jul 30, 2010 5:57am Jul 30, 2010 5:57am
Quoting nAVIN2007
how are u bro?..u trading well
Good day to you,

Apology for the belated reply. I am well - thank you for asking. I saw those longs you pulled on GU a while ago.. great stuff!

Keep 'em coming...

Regards
  • #241,939
  • Jul 30, 2010 5:57am Jul 30, 2010 5:57am
Strong downside break off the 5min congestion channel results in a move down...now bouncing off a prev 1hr/minor 4hr sw lo..50% 5441-5661...how strong are the bulls ? or have the bears taken over ? (for now ?)

G/L
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ex member
  • #241,940
  • Jul 30, 2010 5:57am Jul 30, 2010 5:57am
Quoting drakes
Think I question too much sometimes... but thanks for helping.... now to dinner and see where we are later...

Questioning is good. Today we had an open below the DP for the first time in weeks so this play today has been a nice pivot play.
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