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Cable Update (GBPUSD)

  • #244,221
  • Aug 9, 2010 2:39am Aug 9, 2010 2:39am
Thanks for replys....

I did get a bullish divergence based repeating set-up on my 1min trigger to get long at the 2nd dip, which down down to 5941....treating it as a pullback though until/unless 5min starts to look otherwise.

G/L
Attached Image
ex member
  • #244,222
  • Aug 9, 2010 2:41am Aug 9, 2010 2:41am
Quoting mdiz2
Paitance, it's the start of the week and there will be plent of chances to trade once it picks a direction.

Already has been and it hasn't even started yet!!!!!
  • #244,223
  • Edited 2:44am Aug 9, 2010 2:43am | Edited 2:44am
Quoting grashid
are you shooting your glock to the north or south ?
  • #244,224
  • Aug 9, 2010 2:48am Aug 9, 2010 2:48am
Quoting trabagwe
are you shooting your glock to the north or south ?
North

this drop was a false flag
  • #244,225
  • Aug 9, 2010 2:52am Aug 9, 2010 2:52am
i took short at 1.5955, with target 30 pips at sl 15,
i do think that we need a lower price to build it up for strong up movement which could take out 1.6
  • #244,226
  • Aug 9, 2010 2:52am Aug 9, 2010 2:52am
Quoting forexlion
North

this drop was a false flag

thank's lion if she goes north i wil post you a pretty picture of a glock tomorrow that does goooo KABOOM
  • #244,227
  • Aug 9, 2010 2:53am Aug 9, 2010 2:53am
Quoting forexlion
North

this drop was a false flag
are you joking?
Verily, in every difficulties there is relief
  • #244,228
  • Aug 9, 2010 3:02am Aug 9, 2010 3:02am
Quoting forexlion
North

this drop was a false flag
same bias here. but theres also a possibility it could be a consolidated day since traders are nowadays in habit of not investing much on days when there are no news to pump up the prices.
To Your Success!!
  • #244,229
  • Aug 9, 2010 3:04am Aug 9, 2010 3:04am
If current Low gives, Mni suggesting there could be more bids toward 5930. The 1hr screenshot below shows the current 1ghr view as i see it...the move on fri shown down to 5928 is not replicated on other feeds (this is alpari uk) but interestingly it is where those bids are touted by Mni.

G/L
Attached Image
ex member
  • #244,230
  • Aug 9, 2010 3:06am Aug 9, 2010 3:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cable movement is nothing to do with traders buying it anymore....

It's all about dollar selling....no one is buying cable from past 5 days, dollar weakness. Buying is only in Aussie, Euro and yen ofcourse ,very visible :-).


ta
ams



Quoting ndsouz
same bias here. but theres also a possibility it could be a consolidated day since traders are nowadays in habit of not investing much on days when there are no news to pump up the prices.
  • #244,231
  • Aug 9, 2010 3:17am Aug 9, 2010 3:17am
Quoting bbmac
If current Low gives, Mni suggesting there could be more bids toward 5930. The 1hr screenshot below shows the current 1ghr view as i see it...the move on fri shown down to 5928 is not replicated on other feeds (this is alpari uk) but interestingly it is where those bids are touted by Mni.

G/L
Cable finding some demand at that alpari-uk swing lo on 1hr from the close on friday, confluence with mni bids and 38.2% fib 5819-5997.

How strong is this demand here?

G/L
Attached Image
ex member
  • #244,232
  • Aug 9, 2010 3:20am Aug 9, 2010 3:20am
Quoting bbmac
Cable finding some demand at that alpari-uk swing lo on 1hr from the close on friday, confluence with mni bids and 38.2% fib 5819-5997.

How strong is this demand here?

G/L
Strong enough to break 1,6000 for good i hope
COT: The precious data ignored
  • #244,233
  • Aug 9, 2010 3:24am Aug 9, 2010 3:24am
usdx and gbpx
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"Flip that coin!"
  • #244,234
  • Aug 9, 2010 3:32am Aug 9, 2010 3:32am
i'm expecting succesful attack of 1.60. Alternate scenario - drop to the 1.59 then up which is more likely.

Edit: stopped after posting LOL
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  • #244,235
  • Aug 9, 2010 3:33am Aug 9, 2010 3:33am
Quoting kuroro001
Strong enough to break 1,6000 for good i hope
G/L with that, I have no idea but as there is a downtrend on the lower t/f's now and a rejection of the 6000 area , I'm currently treating each long opportunity as a pullback until price action 5min + tells me it may be otherwise...

I had a decent enough repeating reversal set-up on 1min and 5min, the 5min bullish divergence based supporting set-up is shown below...I am flat again now though having booked gains...That previous 1hr swing lo currently acting as SBR (support becomes resistance) and remains the 1st upside obstacle.

G/L
Attached Image (click to enlarge)
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ex member
  • #244,236
  • Aug 9, 2010 3:36am Aug 9, 2010 3:36am
Quoting sopel
i'm expecting
You are some sort of god ?

Better see this, where are you buying:
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  • #244,237
  • Aug 9, 2010 3:41am Aug 9, 2010 3:41am
Quoting xenu
You are some sort of god ?
NO Just trying to trade my plan First area for longs now for me is 1.5925 -first faster trendline and pivot.
If no good entry i'll be waiting for 1.59. If price drops below 1.59 maybe i'll change my bias - There is long term trendline.
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  • #244,238
  • Aug 9, 2010 3:43am Aug 9, 2010 3:43am
Quoting trabagwe
are you shooting your glock to the north or south ?
i dun care what they do, am selling at every rallies. 1.57-1.55 is my first target...cheers

chow

g
  • #244,239
  • Aug 9, 2010 3:45am Aug 9, 2010 3:45am
This is one of those markets where everyone is anticipating where the buying will begin again to continue the 4hr/Daily uptrend...ie the only variable is how deep the pullback will be ? Such things can become self fulfilling as the buy the dip trend followers get aboard ?
ex member
  • #244,240
  • Aug 9, 2010 3:46am Aug 9, 2010 3:46am
Quoting sopel
NO Just trying to trade my plan First area for longs now for me is 1.5925 -first faster trendline and pivot.
If no good entry i'll be waiting for 1.59. If price drops below 1.59 maybe i'll change my bias - There is long term trendline.
Too early for me I'll wait 1,596, until then jsut scalping.
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