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Cable Update (GBPUSD)

  • #246,421
  • Aug 18, 2010 2:56am Aug 18, 2010 2:56am
Support has broken now, but if it becomes a false break i would become less bearish on his pair, needs to close down today to confirm that the door is open to lower prices.
  • #246,422
  • Aug 18, 2010 2:58am Aug 18, 2010 2:58am
Quoting joemiami
malcolmb, wow, big difference in futures vol data during euro session compared to spot data vendors like Esignal. I may have to get the service just for my FX trading(I mainly trade ES), looks very good. Thnx
I 90% trade es ..... pm me
Blogging daily now at www.volume.zone
  • #246,423
  • Aug 18, 2010 3:02am Aug 18, 2010 3:02am
Morning all

chart of what i thnk might happen as we are on the 200 this needs to be broken for a contiuation. morning London session often retraces some of Asia. if this happens then i would expect the green line to hold before resuming the short to red which seems pretty strong support if broken then i see the blue 200 on the daily reached before retrace.

heres hoping comments welcome

Cats
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Trade what you see never what you think!
  • #246,424
  • Aug 18, 2010 3:12am Aug 18, 2010 3:12am
struggling with 200 ema lol
  • #246,425
  • Aug 18, 2010 3:14am Aug 18, 2010 3:14am
Quoting Forextrader4
struggling with 200 ema lol
1H target
  • #246,426
  • Aug 18, 2010 3:22am Aug 18, 2010 3:22am
Quoting forexlion
1H target
yep =]
  • #246,427
  • Aug 18, 2010 3:22am Aug 18, 2010 3:22am
M-P-C! 9mins to another uncertainty. What do you think? I hope to trade the retracement though.

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #246,428
  • Aug 18, 2010 3:22am Aug 18, 2010 3:22am
2 x HL and a HH now on 15min as bears win one battle...but will they win the war?....Uk Boe/Mpc minutes in 8mins or so

G/L
ex member
  • #246,429
  • Aug 18, 2010 3:26am Aug 18, 2010 3:26am
Quoting Precap2
My-Pee-Cup! 9mins to another uncertainty. What do you think? I hope to trade the retracement though.

Precap2
  • #246,430
  • Aug 18, 2010 3:27am Aug 18, 2010 3:27am
Quoting Forextrader4
yep =]
bounced 4H can try 1H
  • #246,431
  • Aug 18, 2010 3:30am Aug 18, 2010 3:30am
mpc actual 1 0 8 expected 1 0 8 last 1 0 7
  • #246,432
  • Aug 18, 2010 3:31am Aug 18, 2010 3:31am
expecting this thread to go crazy now that gpbusd is going crazy
  • #246,433
  • Aug 18, 2010 3:31am Aug 18, 2010 3:31am
What is going on now? Crazy moves...
  • #246,434
  • Aug 18, 2010 3:34am Aug 18, 2010 3:34am

Having deteriorated in the previous few months, market sentiment had improved a little on the
month, especially with regard to the United Kingdom and the euro area. Equity prices had risen,
corporate bond spreads and yields were down, as were bank and sovereign CDS premia. Measures of

uncertainty had eased since their peaks a few months earlier
  • #246,435
  • Aug 18, 2010 3:35am Aug 18, 2010 3:35am
Huge short squeeze...

Price re-entering congestion zone...

Taking long at 1.5563 !
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Hear the music before the song is over ...
  • #246,436
  • Aug 18, 2010 3:38am Aug 18, 2010 3:38am
My goodness didn't that move,,,,,,,,,,,,,, I assume that we will get a knee-jrk off from that high
  • #246,437
  • Aug 18, 2010 3:41am Aug 18, 2010 3:41am
Quoting GlobalMacro
Huge short squeeze...

Price re-entering congestion zone...

Taking long at 1.5563 !
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No crystal ball. I read the cards.
  • #246,438
  • Aug 18, 2010 3:41am Aug 18, 2010 3:41am
Quoting malcolmb14
Mag

here is what i am seeing

High volumes are all on the lows of the channel . Someone is buying heavy . I htink that we have a pretty nice base already , but we may have a shake out or these buyers maybe overcome , but the charts , from a vsa perspective show considerable buy interest

I am only suggesting top channel 1.5700 right now , not the moon ..lol

Attachment
this volume accumualtion seen MILES before news is now playing out ....

I guess volume does not work after all ...
Blogging daily now at www.volume.zone
  • #246,439
  • Aug 18, 2010 3:43am Aug 18, 2010 3:43am
Loving it... Planned to go long the whole time.
  • #246,440
  • Aug 18, 2010 3:44am Aug 18, 2010 3:44am
Quoting GlobalMacro
Huge short squeeze...

Price re-entering congestion zone...

Taking long at 1.5563 !
Agreed biig squeeze. The strength of that move makes me feel longs will be in play but with the low volatility I'm not sure.
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