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Cable Update (GBPUSD)

  • #244,721
  • Aug 10, 2010 8:58pm Aug 10, 2010 8:58pm
Buy now, get 20 pips target
Always Learn,..
  • #244,722
  • Aug 10, 2010 9:01pm Aug 10, 2010 9:01pm
Quoting malcolmb14
4 hour down trend till 1.5900 taken out , selling rallies for now , as although they are holding rates and as odd as this sounds if the global stock markets get a pounding down as the daily chart of the s&p suggest usd will be safe haven

gu is due for some form of retrace anyway

for now i have 5650 as potential target , again 5900 last pivot high is the ceiling on this.

Attachment
Good day to you,

Fair assumption. Share your view, but TP area I watch to be 1.5620 area and a bit later 1.5400 / 1.5380.

You briefly touched on short term market manipulation yesterday. In your opinion - what would you quantify short term to be? ( Hours / Days / Weeks?) Just interested in your personal opinion.

Care to take a stab?

Trade well

Regards
  • #244,723
  • Aug 10, 2010 9:10pm Aug 10, 2010 9:10pm
Damn Shit

What did I do now

Malcolm is thoroughly confused now

1 post sell, next post buy

God forgive me for this mistake
  • #244,724
  • Aug 10, 2010 9:15pm Aug 10, 2010 9:15pm
Quoting forexlion
Damn Shit

What did I do now

Malcolm is thoroughly confused now

1 post sell, next post buy

God forgive me for this mistake
lol i am always confused ... do you know why ?

Because I follow your posts ...lol
Blogging daily now at www.volume.zone
  • #244,725
  • Aug 10, 2010 9:18pm Aug 10, 2010 9:18pm
Quoting forexlion
Damn Shit

What did I do now

Malcolm is thoroughly confused now

1 post sell, next post buy

God forgive me for this mistake
Good day to you,

First post GBP/USD. Second post EUR/GBP....

Attention to detail - forexlion!

Regards
Attached Image
  • #244,726
  • Aug 10, 2010 9:24pm Aug 10, 2010 9:24pm
Either one of two things will happen....

1) Cable goes up and forms a double top at 1.6000 then drops or

2)Rally all the way to 1.6200.

either way Cable is going up because price bounced off of a major support line at 1.5700 and formed a HRCP on 4 hr chart in the form of a 3 inside up candletick plus positive macd divergence.
  • #244,727
  • Aug 10, 2010 9:26pm Aug 10, 2010 9:26pm
Quoting dami32
Either one of two things will happen....

1) Cable goes up and forms a double top at 1.6000 then drops or

2)Rally all the way to 1.6200.

either way Cable is going up because price bounced off of a major support line at 1.5700 and formed a HRCP on 4 hr chart in the form of a 3 inside up candletick plus positive macd divergence.
hmm u seems so sure...

the sure thing is either :

1 cable up
2 cable down
Verily, in every difficulties there is relief
  • #244,728
  • Aug 10, 2010 9:28pm Aug 10, 2010 9:28pm
Quoting grashid
close one at 2700pips (270pips in 4 decimal) and lock last one at BE+1000(100pips in 4 decimal)

close last one at 2300pips(230pips in 4 decimal point) and will reload if i could at 1.59 area...

good luck guys

g
  • #244,729
  • Aug 10, 2010 9:33pm Aug 10, 2010 9:33pm
Quoting grashid
close last one at 2300pips(230pips in 4 decimal point) and will reload if i could at 1.59 area...

good luck guys

g
roger that master
Verily, in every difficulties there is relief
  • #244,730
  • Aug 10, 2010 9:34pm Aug 10, 2010 9:34pm
Quoting primzvicious
roger that master
...chow

ahh..by the way i am not ur master...i am just a stupid joker trader..
n dun call me master
...just call mate/bro
  • #244,731
  • Aug 10, 2010 9:38pm Aug 10, 2010 9:38pm


Quoting grashid
...chow

ahh..by the way i am not ur master...i am just a stupid joker trader..
n dun call me master
...just call mate/bro
Verily, in every difficulties there is relief
  • #244,732
  • Aug 10, 2010 9:38pm Aug 10, 2010 9:38pm
Quoting grashid
...chow

ahh..by the way i am not ur master...i am just a stupid joker trader..
n dun call me master
...just call mate/bro
will calling u misstress do ?
  • #244,733
  • Aug 10, 2010 9:39pm Aug 10, 2010 9:39pm
primzvicious
Ad Astra Per Aspera
To Prim,

your right you are only sure of the two things you mentioned, up and down.... but years of chart analyzation has proven to me that macd divergence along with strong S/R levels topped off with a strong candle pattern make up a powerful reason to go in the direction that it is showing.... then again what do I know lol.
  • #244,734
  • Aug 10, 2010 10:04pm Aug 10, 2010 10:04pm
Quoting forexlion
Not right now, I am on ftp updating my site www.forexlionfx.com maybe later when I am free
lol, awesome hidden spam right in their, in that post.
  • #244,735
  • Aug 10, 2010 10:23pm Aug 10, 2010 10:23pm
good day traders , just watching this triangle break , currently long from 1.5789 , looking for the projected tgts , it has todays pivot point to contend with and oft times frankie can put another swing point in that throws a monkey wrench in the whole thing lol, cheers all
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  • #244,736
  • Aug 10, 2010 10:28pm Aug 10, 2010 10:28pm
Quoting Purple
lol, awesome hidden spam right in their, in that post.
if it becomes a simple blog, it will be more than welcome here

since its not commercial it does not qualify as spam
  • #244,737
  • Aug 10, 2010 10:30pm Aug 10, 2010 10:30pm
eurgbp just broke through the neck down. uj seems to be breaking through down pass a double bottom. Time to buy cable?

I think it will probably rest on whether uj is a triple bottom instead. Anyone with other ideas?
  • #244,738
  • Aug 10, 2010 10:31pm Aug 10, 2010 10:31pm
Quoting malcolmb14
nice bear flag ... mmmm I guess my down move on gu must be wrong then
see i told u

but i will prefer to wait for london open for a fresh entry

too many graves on this forum
  • #244,739
  • Aug 10, 2010 10:37pm Aug 10, 2010 10:37pm
I'm just waiting and watching. Watching and waiting

If we pull back to around 1.5790ish and hold in the next hour or 2 I'd love to get into a long

Was thinking about a short early so yeah it we get up to around 1.5840 I'll think about a short.
I dunno. Good night to go extra low with the leverage
  • #244,740
  • Aug 10, 2010 10:45pm Aug 10, 2010 10:45pm
Quoting forexlion
see i told u

but i will prefer to wait for london open for a fresh entry

too many graves on this forum
i too have a little indie that tells me trend , been long since 1.5800 took 18 pip and waiting for london

when price drops under poc at 15805 , time to look for sells
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