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Cable Update (GBPUSD)

  • #246,361
  • Aug 17, 2010 11:52pm Aug 17, 2010 11:52pm
Quoting bablo
Not looking to get into a tinkle contest with you but did I say anything about buying or selling?

This is no mans land. Not a good point to think about trading. Give London an hour and re-evaluate.

Just making sure that any fresh meat looking into this thread don't read your post about selling bottoms as a signal to buy.

This level is the line in the sand to me. Not trades ATM.
channel 1.5550 to 1.5700 , support underneath at 1.5500

MPC minutes 1.5 hrs into london will have big effect on the GU .
Blogging daily now at www.volume.zone
  • #246,362
  • Aug 18, 2010 12:09am Aug 18, 2010 12:09am
Good morning folks.

Going to be another wonderful and profitable pipping day again today.
  • #246,363
  • Aug 18, 2010 12:17am Aug 18, 2010 12:17am
Welcome into the :

http://www.horreur.net/img/reekersequel2.jpg

Trapped between the living and the dead. AGAIN!

LOL!
"Flip that coin!"
  • #246,364
  • Aug 18, 2010 12:22am Aug 18, 2010 12:22am
Quoting Scipionz
Welcome into the :

http://www.horreur.net/img/reekersequel2.jpg

Trapped between the living and the dead. AGAIN!

LOL!
so instead of some sort of grim reaper person just to put it into perspective, tht guy is the stop collector
  • #246,365
  • Aug 18, 2010 12:26am Aug 18, 2010 12:26am
very good
  • #246,366
  • Aug 18, 2010 12:29am Aug 18, 2010 12:29am
Quoting AdrianHNV
very good
http://img818.imageshack.us/img818/9...omenfrompa.jpg
  • #246,367
  • Aug 18, 2010 12:37am Aug 18, 2010 12:37am
Quoting malcolmb14
channel 1.5550 to 1.5700 , support underneath at 1.5500

MPC minutes 1.5 hrs into london will have big effect on the GU .
there is talk that this effect will be negative... so we have about 3 hrs for our longs?
  • #246,368
  • Aug 18, 2010 12:41am Aug 18, 2010 12:41am
Ideal conditions to practice a little 'scalping' with of course small T/P and S/L just too be on the safe side.... Have made +23 in the last 40 minutes..........
  • #246,369
  • Aug 18, 2010 12:47am Aug 18, 2010 12:47am
Quoting AdrianHNV
Ideal conditions to practice a little 'scalping' with of course small T/P and S/L just too be on the safe side.... Have made +23 in the last 40 minutes..........
dont you just love it when europe starts waking up haha, now lets see how much more the germans going to effect it, i heard rumors some germans even out of bed by now is tht true can someone confirm tht for me
  • #246,370
  • Aug 18, 2010 12:49am Aug 18, 2010 12:49am
there we go 154.35 TP if the voting doesnt mess up...
  • #246,371
  • Aug 18, 2010 12:52am Aug 18, 2010 12:52am
Quoting CoffeeDrinke
so instead of some sort of grim reaper person just to put it into perspective, tht guy is the stop collector
LOL nice one!

German ain't in yet, Dax still close.
"Flip that coin!"
  • #246,372
  • Aug 18, 2010 1:01am Aug 18, 2010 1:01am
Quoting aleksb
there is talk that this effect will be negative... so we have about 3 hrs for our longs?
got out earlier with -2 pip , thought for sure shake out and I wanted a good nights sleep . i will wait and see if the up move in es is a fake out tomorow , if so aj may be setting up for an ok sell .
Blogging daily now at www.volume.zone
  • #246,373
  • Aug 18, 2010 1:05am Aug 18, 2010 1:05am
Quoting CoffeeDrinke
dont you just love it when europe starts waking up haha, now lets see how much more the germans going to effect it, i heard rumors some germans even out of bed by now is tht true can someone confirm tht for me
Think it had more to do with china figureing out which way they were going , china open price , 1.5570 , little drop then a test of that area and well you can see where we are at now , and they have there money lol, now on to frankie and london
  • #246,374
  • Aug 18, 2010 1:07am Aug 18, 2010 1:07am
Morning all.

so + 80 pips = +80% from my depo.

p.s.
yes, sometimes I'm risky.

think it's enough for today
  • #246,375
  • Aug 18, 2010 1:08am Aug 18, 2010 1:08am
Quoting wormboy
you're welcome mate. The current H&S is still forming & is not valid yet. Price still has to close below the neckline to be valid. But judging by the bearish W1 & D1 patterns, it's hard to see how this neckline not giving way tbh. Just keep an eye on the break when it happens.

Have a good one. Later fellas.
Here's the first breakout from the neckline. Current candle is still open, closing below this makes the pattern valid. 5420 level ought to provide the first support.

Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 26 KB
Click to Enlarge Name: gu4a.gif Size: 24 KB
Thank You
  • #246,376
  • Aug 18, 2010 1:09am Aug 18, 2010 1:09am
just wondering....how come we dropped 90 pips under low volume over the past 6 hrs when the daily average is only 140 pips ?
  • #246,377
  • Aug 18, 2010 1:17am Aug 18, 2010 1:17am
Quoting pawpaw1000
Hey boys, Agree with you all that we are propably looking south but don't reckon Asia is going to break us down. The boys are going to take us a bit more up, maybe 40 - 70 pips before the big drop 2moro. I've closed my position for 104 pips. Enjoy the evening session, or morning if you are in Asia ;-)
well, kicking myself now but 100 pips are still 100 pips!

not getting in now, g2g train... will see what has materialised by mid morning...
@pawpaw1000 on Twitter
  • #246,378
  • Aug 18, 2010 1:17am Aug 18, 2010 1:17am
Quoting ns_karthik
just wondering....how come we dropped 90 pips under low volume over the past 6 hrs when the daily average is only 140 pips ?
Fx is not centralize market, so no true volume.
Daily range is an average, it can be more or less.

Good trading!
"Flip that coin!"
  • #246,379
  • Aug 18, 2010 1:18am Aug 18, 2010 1:18am
I guess we will se 5445 today
but right now I'm off
waiting for 5535 for set a sell order..

but at the same time.. price almost touched ema 233 on the daily - this is very strong reason for retrace.

i mean : why not to suggest that current low = 5498 it's a new point at the daily up channel for retrace ..

as usual - time will tell.

good luck everybody.
  • #246,380
  • Aug 18, 2010 1:19am Aug 18, 2010 1:19am
Quoting ns_karthik
just wondering....how come we dropped 90 pips under low volume over the past 6 hrs when the daily average is only 140 pips ?
mark down before mpc or melt down... one of the 2 lol
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