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Cable Update (GBPUSD)

  • #245,461
  • Aug 13, 2010 2:54am Aug 13, 2010 2:54am
Quoting bbakker
Maybe you should review his videos again, because I use his methods to mark them off on my charts. Let me ask you a question... when was the last time there was a sell off on the h4? (Hint: Use my numbers to mark them off on your chart and then ask the question)

I personally don't like this particular supply zone, but I did like the one on EURUSD and has a further demand zone as a target.
Thx for the reply.
ex member
  • #245,462
  • Aug 13, 2010 2:54am Aug 13, 2010 2:54am
Quoting kuroro001
Yes because i don't like the way it move between london close and it's opening the day after.
I don't like the asian session...sometimes it reverse what london did...so london can take position at better prices.
Like today i'd say...anyway we'll see if london short gbp ...which i hope
  • #245,463
  • Aug 13, 2010 2:57am Aug 13, 2010 2:57am
Morning all

Removed entry long @ 1.5550 missed it by 12 pips.....
Ashame Asia didn't took it
Just hate to change plans, that's my shortcoming....
Don't be a hero. Don't have an ego. Always question yourself
  • #245,464
  • Aug 13, 2010 2:58am Aug 13, 2010 2:58am
Quoting bbakker
Sheeeet, I am late for work! Goodbye people... many green pips to you and see you all in a couple of weeks time! I am hoping to have completed my Trading Plan by then!
wish you well with your trading plan.
  • #245,465
  • Aug 13, 2010 3:00am Aug 13, 2010 3:00am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Where are we???


Today is just short covering, profit taking. Watch for 155500..break below is a sell and break above 157200 is a buy can't say for how many pips but for sure we are in no man's land atm....
Overall trend is bullish but markets have tendency of playin against the odds.

I would be very confident if we drop below 154 and then come back above where I'll place my order with 50-100 pip SL.

ta
ams
  • #245,466
  • Aug 13, 2010 3:00am Aug 13, 2010 3:00am
Quoting USD-Bear
Morning all

Removed entry long @ 155.50 missed it by 12 pips.....
Ashame Asia didn't took it
Just hate to change plans, that's my shortcoming....
do you mean 1.5550
  • #245,467
  • Aug 13, 2010 3:01am Aug 13, 2010 3:01am
I had a decent 1min and 5min reversal/pullback set-up @ that confluence of

a. 76.4% 5713-5560
b. mni offers
c. 1hr desc trend line
d. Daily R1 pivot...

Flat again now

G/L
Attached Image (click to enlarge)
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ex member
  • #245,468
  • Aug 13, 2010 3:03am Aug 13, 2010 3:03am
Quoting DemoTrader
do you mean 1.5550
Don't be a hero. Don't have an ego. Always question yourself
  • #245,469
  • Aug 13, 2010 3:05am Aug 13, 2010 3:05am
Nice inverted hammer...too bad it close in the green...let's wait other candles

eurusd needs to start tanking so gbp will go with it
COT: The precious data ignored
  • #245,470
  • Aug 13, 2010 3:05am Aug 13, 2010 3:05am
Quoting ams
Where are we???


Today is just short covering, profit taking. Watch for 155500..break below is a sell and break above 157200 is a buy can't say for how many pips but for sure we are in no man's land atm....
Overall trend is bullish but markets have tendency of playin against the odds.

I would be very confident if we drop below 154 and then come back above where I'll place my order with 50-100 pip SL.

ta
ams
Verily, in every difficulties there is relief
  • #245,471
  • Aug 13, 2010 3:10am Aug 13, 2010 3:10am
Morning Bear, Bee here, lets make loads of HONEY today
  • #245,472
  • Aug 13, 2010 3:15am Aug 13, 2010 3:15am
Quoting AdrianHNV
Morning Bear, Bee here, lets make loads of HONEY today
You from the making, I'm from the eating
Don't be a hero. Don't have an ego. Always question yourself
  • #245,473
  • Aug 13, 2010 3:17am Aug 13, 2010 3:17am
Quoting USD-Bear
You from the making, I'm from the eating
Verily, in every difficulties there is relief
  • #245,474
  • Aug 13, 2010 3:17am Aug 13, 2010 3:17am
Quoting USD-Bear
You from the making, I'm from the eating

Well, that takes the term liquidity provider to a new level.
  • #245,475
  • Aug 13, 2010 3:23am Aug 13, 2010 3:23am
Quoting cloggie
Well, that takes the term liquidity provider to a new level.
Hi Cloggie! Pleased to see you. Hope you're pippin fine. Feel like sharing your view of the mkt?
  • #245,476
  • Aug 13, 2010 3:27am Aug 13, 2010 3:27am
Price has broken out of its indecision area. About 12 hours on the rise after the star (+) on H4. The bull candle open at 1.55746 and rose to 1.56792 so far (about 105 pips). The next hurdle for the reversal is at 1.57087, if that is taken, 1.57988 could be on the horizon. However, being a Friday, it could be a slow movement. All the the facts are in H4.
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  • #245,477
  • Aug 13, 2010 3:33am Aug 13, 2010 3:33am
Quoting Indyfx
Please can someone tell me what time is the New York open in either GMT or EST

And the time of the London close

Many thanks

NY open 9:30am EDT (it's approx. 4:30am right now)
London closes at 4:30pm London time.
  • #245,478
  • Edited 3:45am Aug 13, 2010 3:34am | Edited 3:45am
Quoting AnonYmos
Hi Cloggie! Pleased to see you. Hope you're pippin fine. Feel like sharing your view of the mkt?

Same as yesterday really, put a TL on the M5 and buy the dips, just make sure the TL is properly rejected for as long as the H4 is still consolidating. I called that bottom last night pretty much to the pip (and got some slack for it...)

Here is my bigger picture, keep an eye on this hourly TL for the longer term direction. Levels of interest: 5657, 5714, 5770.

Not quite sure why so many here are shorting this now. Unless of course they are scalping for a few pips.
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  • #245,479
  • Aug 13, 2010 3:38am Aug 13, 2010 3:38am
The trend is still to the upside IMO but closed my previous Long just a moment ago.. The pair is seen retracing from previous jump...

Will wait for better opportunity to enter Long; otherwise, let the trend tell us...
Attached Image
  • #245,480
  • Aug 13, 2010 3:39am Aug 13, 2010 3:39am
I think that gbp doesn’t have enough strength to get through the 1.5559 support level. It also can be bound with strength of Eur/usd. It is interesting to see how Eur/usd will behave near support 1.2819.
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