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Cable Update (GBPUSD)

  • #242,861
  • Aug 3, 2010 4:59pm Aug 3, 2010 4:59pm
Quoting javapips
Total Vehicle Sales is good in US, is that mean dollar will have power again to kick GBP???

no.......strong us data is translated into risk appetite.....relatively speaking, the better us data, the weaker the dollar will get because usd and treasuries are considered risk averse "safe havens"......hope this helps
  • #242,862
  • Aug 3, 2010 5:40pm Aug 3, 2010 5:40pm
Quoting fourxtrader
Your post 34 hrs ago when the GU was 150 pips lower (1.5805)

Dr. D.

ukdaytraderhttp://cdn.forexfactory.com/images/icons/icon1.gif GU is screaming short, but I suspect we'll see a...

Posted 34 hr ago
[size=2][b][color=red]GU...
Whats Wrong with adding small shorts....Instead of going short Big and Be in the red or get a margin call...

Is it really gonna go in a straight line to the MOON...? Have You seen the Massive Bearish Divergence it is Building...

Any ways ....Price stalled at exactly 61.8% Fib from Top to Bottom on Daily..(170xx--141xx)
Markets are not Random, they are designed!
  • #242,863
  • Aug 3, 2010 5:46pm Aug 3, 2010 5:46pm
Quoting ukdaytrader
I've made no secret of my short bias. So what's your point? Is 150 pips too much for you? Maybe you should have read back a little further when I predicted EU at 134 when everyone was predicting 120. I know what i'm doing.
You 20 pip scalpers kill me. lol
The FF threads have piles of training wheels stacked in heeps
discarded by those who have mastered PA. Why then the need
for these distracting and boastful predictions with 150 pip DD's
when 100+ pips can routinely be had following a trending market.

Dr. D.
  • #242,864
  • Aug 3, 2010 6:31pm Aug 3, 2010 6:31pm
I had some people over so it became a bit of a late night, but I wanted to post one more chart, it is actually the one I have posted for hours on end. It shows again how finding the right PA interaction can be extremely profitable, it also shows that you should never discard a TL or pattern until the price discards it for you.

Here is the next pattern completion, 3 guesses where it goes from here?
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  • #242,865
  • Aug 3, 2010 6:37pm Aug 3, 2010 6:37pm
Quoting cloggie
I had some people over so it became a bit of a late night, but I wanted to post one more chart, it is actually the one I have posted for hours on end. It shows again how finding the right PA interaction can be extremely profitable, it also shows that you should never discard a TL or pattern until the price discards it for you.

Here is the next pattern completion, 3 guesses where it goes from here?
where lol
  • #242,866
  • Aug 3, 2010 7:00pm Aug 3, 2010 7:00pm
Quoting digger1
where lol
Here.

5M Sherpa, no new top.

15M support target.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,867
  • Aug 3, 2010 7:13pm Aug 3, 2010 7:13pm
is there indication for cable reversal?
  • #242,868
  • Aug 3, 2010 7:14pm Aug 3, 2010 7:14pm
Quoting Magix
Here.

5M Sherpa, no new top.

15M support target.
hey man whts up , hope all is well
  • #242,869
  • Aug 3, 2010 7:44pm Aug 3, 2010 7:44pm
Quoting Raza
Whats Wrong with adding small shorts....Instead of going short Big and Be in the red or get a margin call...

Is it really gonna go in a straight line to the MOON...? Have You seen the Massive Bearish Divergence it is Building...

Any ways ....Price stalled at exactly 61.8% Fib from Top to Bottom on Daily..(170xx--141xx)
Good point, rather than carelessly slitting the carotid artery and
coding in a few short minutes, just judiciously hit a series of the
smaller arteries and bleed to death slowly and enjoy the journey
with all of your senses. LOL Here, let me hand you the scalpel.

Dr. D.
  • #242,870
  • Aug 3, 2010 7:44pm Aug 3, 2010 7:44pm
Quoting mfoste1
no.......strong us data is translated into risk appetite.....relatively speaking, the better us data, the weaker the dollar will get because usd and treasuries are considered risk averse "safe havens"......hope this helps
thanks you Sir. i thought so, cos with so many vehicle sold that's mean US citizen Foot not strong enough to able to kick anybody...
don't give any transportation, let US citizen walk and they will have really strong Foot.. that's all what Mr O Should do.
I will be the number one Manager.
  • #242,871
  • Aug 3, 2010 8:13pm Aug 3, 2010 8:13pm
Quoting digger1
hey man whts up , hope all is well
All good in the hood here my brother!

A little less trading this summer to see a lot more life...

Liking the movement over the last couple weeks, and looking forward to a nice little drop now, should be good into NFP.

I gotta cap on my weekly 200 without proper play through on the daily, so we could see a bit of a longs mass exodus over the next few days to start jiving up the daily play ranges.

Will hold a couple here n there and look forward to a little more regular type daily plays into September.

Hope all looking good out on the farm.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #242,872
  • Aug 3, 2010 8:14pm Aug 3, 2010 8:14pm
Quoting cloggie
I had some people over so it became a bit of a late night, but I wanted to post one more chart, it is actually the one I have posted for hours on end. It shows again how finding the right PA interaction can be extremely profitable, it also shows that you should never discard a TL or pattern until the price discards it for you.

Here is the next pattern completion, 3 guesses where it goes from here?
Up or down depending on which breaks....
Don't be emo... don't be emo....
  • #242,873
  • Aug 3, 2010 8:59pm Aug 3, 2010 8:59pm
arent you guys worried about the obama news???
Icy trader = cold hearted trades. no emotion whatsoever. Below zero.
  • #242,874
  • Aug 3, 2010 9:16pm Aug 3, 2010 9:16pm
Quoting drakes
Up or down depending on which breaks....
dont think this is quite the same trend line as cloggie had but this may be what he was alluding too with his post , this run up a good trendline has been like a spring board to price or as cloggie says rips off it like a wet cat from an electric fence lol . Did have a little aussie news come out there around that pop up , did make a marginal new 4 hour high (4 hour bar ghosted in the background ) . You get into frankie and london you get better break outs for sure this is only the asian session after all , pretty good sized inverted head and shoulder pattern there also . Dont appear as they are done buying it up yet, green and red line areas I am watching for a break from and a retest. I did buy the average and have taken profits on all but a small portion just in case it took off , stp is in the money so what happens happens now on to the next trade cheers
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  • #242,875
  • Aug 3, 2010 9:21pm Aug 3, 2010 9:21pm
sorry drakes , this chart has the green and red line lol
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  • #242,876
  • Aug 3, 2010 9:28pm Aug 3, 2010 9:28pm
please
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  • #242,877
  • Aug 3, 2010 9:33pm Aug 3, 2010 9:33pm
Quoting fxoxford
Enjoy, good luck to anyone who's short
Hi Fxoxford, I'm wondered.. how do you determined level2 such as 1.5620, 1.5720... what's the function of that level.. is it S&R?
btw, I like your system.. quite simple..

nubiz.
  • #242,878
  • Aug 3, 2010 9:37pm Aug 3, 2010 9:37pm
Quoting fxoxford
nothing has change, 1.6147 is still my t/p at the moment
i change my t/p to 1.6087, the trend is still up at the moment
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  • #242,879
  • Aug 3, 2010 9:41pm Aug 3, 2010 9:41pm
Quoting nubiz
Hi Fxoxford, I'm wondered.. how do you determined level2 such as 1.5620, 1.5720... what's the function of that level.. is it S&R?
btw, I like your system.. quite simple..

nubiz.
hi nubiz, i use a few tool in my trading, one of them is a pivot point caculator i use this for my t/p, as far as the chart it more of a math thing to get to those levels more complicated to explain, but yes the system is very easy, trading is hard as you make it the lines you see in the chart will get you in any trades buy or sell, the trend is in the lines
  • #242,880
  • Aug 3, 2010 10:09pm Aug 3, 2010 10:09pm
we don't want 1.5885 to get hit, then we might be looking at a downtrend, lets see what happens.
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