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Cable Update (GBPUSD)

  • #244,921
  • Aug 11, 2010 9:05am Aug 11, 2010 9:05am
The grand cross

it has begun!


now where's that clown pip daddy
Thank You
  • #244,922
  • Aug 11, 2010 9:05am Aug 11, 2010 9:05am
Quoting cloggie
Because trade balance is part of the Balance of Payment and the Current Account and has a direct relationship with GDP so a decrease in the trade balance is a good indication that things are not as rosy as the US government would make us believe...

Today is a great example how bad US news can drive the Dollar up.
Agreed
  • #244,923
  • Aug 11, 2010 9:06am Aug 11, 2010 9:06am
Quoting forexlion

  1. MACD is the summary of market sentiment
  2. MACD tells us what all the traders in the market are thinking.

i wish you could explain that to me as a noob. would be grateful
  • #244,924
  • Aug 11, 2010 9:08am Aug 11, 2010 9:08am
Quoting wormboy
The grand cross

it has begun!


now where's that clown pip daddy
tee hee...
i trap her in her bottom
Verily, in every difficulties there is relief
  • #244,925
  • Aug 11, 2010 9:11am Aug 11, 2010 9:11am
Quoting primzvicious
tee hee...
i trap her in her bottom
hehe.

my ucad long:
1. http://www.forexfactory.com/showpost...postcount=8062

as long as ucad climbs, cable goes nowhere but down.
all in the charts baby
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc1.gif Size: 27 KB
Click to Enlarge Name: uc.gif Size: 25 KB
Thank You
  • #244,926
  • Aug 11, 2010 9:13am Aug 11, 2010 9:13am
Quoting wormboy
hehe.

my ucad long:
1. http://www.forexfactory.com/showpost...postcount=8062

as long as ucad climbs, cable goes nowhere but down.
all in the charts baby

Verily, in every difficulties there is relief
  • #244,927
  • Aug 11, 2010 9:16am Aug 11, 2010 9:16am
Quoting primzvicious

i cleared all short positions earlier on cable. left one open & waiting for 5640.
Thank You
  • #244,928
  • Aug 11, 2010 9:18am Aug 11, 2010 9:18am
Quoting wormboy
i cleared all short positions earlier on cable. left one open & waiting for 5640.
will you go long there?
  • #244,929
  • Aug 11, 2010 9:21am Aug 11, 2010 9:21am
Quoting cloggie
Which means you should at all times trade the opposite.
Quoting ukdaytrader
I'd be very interested to know this info if you're willing to share.
if you care i wish to say sth

i ve two macd 8,20,10 and 45, 105, 15. i look over for change to long kinda when histo of 45 105 15 is negative and ma in 8 20 10 crosses up.

these have to be averaged if the entry is wrong. i refer 1hr tf

that way trade comes to you ( certainly after heart burns but then it has taught a few important things patience , mm )

in the last uptrend in gu there were two short entries on 4th and 8aug when ma crossed down
  • #244,930
  • Aug 11, 2010 9:21am Aug 11, 2010 9:21am
Quoting wormboy
i cleared all short positions earlier on cable. left one open & waiting for 5640.
i see further target
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 24 KB
Verily, in every difficulties there is relief
  • #244,931
  • Aug 11, 2010 9:22am Aug 11, 2010 9:22am
Quoting gotpips92
will you go long there?

5640 opens the way to 5579 and 5556, and Wormy is not one to catch falling knives.
  • #244,932
  • Aug 11, 2010 9:22am Aug 11, 2010 9:22am
Quoting gotpips92
will you go long there?
absolutely not
Thank You
  • #244,933
  • Aug 11, 2010 9:24am Aug 11, 2010 9:24am
Quoting cloggie
Today is a great example how bad US news can drive the Dollar up.
http://img135.imageshack.us/img135/4607/dollarass.jpg
  • #244,934
  • Aug 11, 2010 9:27am Aug 11, 2010 9:27am
Quoting cloggie
5640 opens the way to 5579 and 5556, and Wormy is not one to catch falling knives.
Quoting primzvicious
same here.. covered some and looking 583
now our target is close clogg
Verily, in every difficulties there is relief
  • #244,935
  • Aug 11, 2010 9:33am Aug 11, 2010 9:33am
Quoting wormboy
i cleared all short positions earlier on cable. left one open & waiting for 5640.
done.
my position is now flat.
Thank You
  • #244,936
  • Aug 11, 2010 9:37am Aug 11, 2010 9:37am
Quoting primzvicious
i see further target
there's always a possibility of that happening.
I'm just going with my W1 working chart & 5640 happens to be my level. I'm being conservative & taking profit here. Tomorrow is another day.

Here's the original W1 chart:
1. http://cdn.forexfactory.com/attachme...1&d=1281433282

Below is the update. Have a good one
Attached Image (click to enlarge)
Click to Enlarge Name: guww.gif Size: 23 KB
Thank You
  • #244,937
  • Aug 11, 2010 9:37am Aug 11, 2010 9:37am
Quoting primzvicious
now our target is close clogg

Not trading anything below 5640 yet until we have a convincing close below it, just scalped some to the S2 for now, waiting for confirmation first for further trades. Flat all trades for the first time today. 225 pip run on Cable for a summer's day is a darn good run.
  • #244,938
  • Aug 11, 2010 9:39am Aug 11, 2010 9:39am
PA approaching a daily 20 EMA - it has bounced so far from this support for as far back as June.

Sorry, no chart, just a quick note.

If it breaks and closes below, the MP may be targetted this week.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #244,939
  • Aug 11, 2010 9:40am Aug 11, 2010 9:40am
Quoting 45Condor
PA approaching a daily 20 EMA - it has bounced so far from this support for as far back as June.

Sorry, no chart, just a quick note.

She bounced of the S2 like a wet cat of an electric fence.
  • #244,940
  • Aug 11, 2010 9:43am Aug 11, 2010 9:43am
Quoting cloggie
She bounced of the S2 like a wet cat of an electric fence.
Did you write that infractions overload in there yourself under your name?
Probability Professor
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