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Cable Update (GBPUSD)

  • #243,461
  • Aug 5, 2010 6:03am Aug 5, 2010 6:03am
Quoting ubaidahsan
so what is next then up or down?
Use your eyes.
  • #243,462
  • Aug 5, 2010 6:05am Aug 5, 2010 6:05am
If you go long....then it's probably gonna go down !....
It's all about your stomach lining...
  • #243,463
  • Aug 5, 2010 6:05am Aug 5, 2010 6:05am
Quoting ubaidahsan
so what is next then up or down?

Ub

The fundies are not driving this today, it is all priced in.
  • #243,464
  • Aug 5, 2010 6:08am Aug 5, 2010 6:08am
Quoting ubaidahsan
so what is next then up or down?

Ub
PA says UP...same for eurusd :s
COT: The precious data ignored
  • #243,465
  • Aug 5, 2010 6:08am Aug 5, 2010 6:08am
i m sorry, i didnt get u cloggie, what does priced in mean
  • #243,466
  • Aug 5, 2010 6:09am Aug 5, 2010 6:09am
Quoting ubaidahsan
so what is next then up or down?

Ub
I think that you have to decide it yourself.
  • #243,467
  • Aug 5, 2010 6:09am Aug 5, 2010 6:09am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Position closed for EU, GU...easy 100 pips on both..


ta
ams


Quoting ams
Yup, patience is the name of the game...right were I wanted it
Long on both EU and GU...geppy didn't fill so I've to make up for it.



ta
ams
  • #243,468
  • Aug 5, 2010 6:10am Aug 5, 2010 6:10am
Quoting chitindu
i m sorry, i didnt get u cloggie, what does priced in mean

It means that the market is already reflecting the news in the price.
  • #243,469
  • Aug 5, 2010 6:14am Aug 5, 2010 6:14am
Quoting ubaidahsan
so what is next then up or down?

Ub
5950 is top of days range .... and channel , likely will hit that and see from there
Blogging daily now at www.volume.zone
  • #243,470
  • Aug 5, 2010 6:18am Aug 5, 2010 6:18am
Quoting cloggie
It means that the market is already reflecting the news in the price.
Although if it had been a different update it would have moved quicker by now....... Or if it had been a good result for the USD, it would have moved immediately too the positive, as all their positive news does
  • #243,471
  • Aug 5, 2010 6:20am Aug 5, 2010 6:20am
Quoting subterfuge
stopped/

Duh... lol
"Keep your eyes on the helpers" - Mr. Rogers
  • #243,472
  • Aug 5, 2010 6:25am Aug 5, 2010 6:25am
Quoting ams
BUY order changed to 158200 (WR) SL 151500...
Order pending,same for geppy @ 1355xxx..

ta
ams

ams awesome trade and post ...nice one

not bs like other post saying ' long overdue for a losing trade'

you said plan , gave your entry and executed ,,,, lovely
Blogging daily now at www.volume.zone
  • #243,473
  • Aug 5, 2010 6:27am Aug 5, 2010 6:27am
A post data hi so far of 5923 and price has broken above the potential 1hr sbr zones on way up as well as 61.8% of the total 5968-5819 current fall...as well as the steepest 1hr descemding trend line...4hr pinbar on some charting

1hr screenshot below

G/L
Attached Image
ex member
  • #243,474
  • Aug 5, 2010 6:30am Aug 5, 2010 6:30am
Quoting ams
Position closed for EU, GU...easy 100 pips on both..


ta
ams

Why out Ams? Have you seen that 4HR bar?
"Keep your eyes on the helpers" - Mr. Rogers
  • #243,475
  • Aug 5, 2010 6:36am Aug 5, 2010 6:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers Mal...Trying to control emotions and by posting trade in advance it becomes a habbit, a system, which is what I want to focus on if I have to stay solvent in this business


ta
ams


Quoting malcolmb14
ams awesome trade and post ...nice one

not bs like other post saying ' long overdue for a losing trade'

you said plan , gave your entry and executed ,,,, lovely
  • #243,476
  • Aug 5, 2010 6:36am Aug 5, 2010 6:36am
Quoting damonl
Duh... lol
??
  • #243,477
  • Aug 5, 2010 6:40am Aug 5, 2010 6:40am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I was in heavy on the pound because of news, and I knew nothing is dragging it down before that so thought to cash my dosh. Moreover, market has a tendency to overbuy and oversell instruments and pound is in overbought territory and dollar is in oversold (watching USD/CHF), so things can change quickly.


ta
ams


Quoting damonl
Why out Ams? Have you seen that 4HR bar?
  • #243,478
  • Aug 5, 2010 6:41am Aug 5, 2010 6:41am
Quoting ams
dollar is in oversold (watching USD/CHF), so things can change quickly.


ta
ams

Swissy is finally finding some support here, so covering was definitely the right play.
  • #243,479
  • Aug 5, 2010 6:46am Aug 5, 2010 6:46am
....the 1min regular bearish divergence was matched by similar on 5min at the high and indeed in my lead oscillator (osma) I observed double seperate peak regular immediate bearish divergence on that 5min. 1min is posted below...

Mni now saying offers 5930/35 (was previously 594/50) and a break above these offers opens up res around 5960/70-area of Tues/Weds Hi's.

Pullback/Extended pullback or more ??

Done for today.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1217 1min rev b.gif Size: 24 KB
ex member
  • #243,480
  • Aug 5, 2010 6:50am Aug 5, 2010 6:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Exactly Cloggie, it seems trend is about to change for EU soon as USD will gain some strength if NFP comes out positive tomm and a retrace is overdue for both anyways.

Moreover, look at the daily candle, a perfect picture...

What do we call this in technical terms ???? :-)


ta
ams


Quoting cloggie
Swissy is finally finding some support here, so covering was definitely the right play.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 15 KB
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