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Cable Update (GBPUSD)

  • #246,801
  • Aug 18, 2010 4:31pm Aug 18, 2010 4:31pm
For the record.... 8 of the 9 EMAs on the 15m chart
are pinched to within 4 pips of each other. The 5m
chart is narrowly oscillating in this resting phase and
could continue in this tight pattern until the lid blows off.

Dr. D.
Attached Image
  • #246,802
  • Aug 18, 2010 4:50pm Aug 18, 2010 4:50pm
price is in no mans land in between the range.

Anyones guess from here.
  • #246,803
  • Aug 18, 2010 4:57pm Aug 18, 2010 4:57pm
Think i will stand aside now and let the rest of the bulls and bears fight this one out, todays action suggests to me that traders are undecided as to which direction to take, therefore i will take none. The false break of support show lack of bearish intentions, yet all rallys being capped at 1.5700 and today closing near the open.

Now fairly neutral on this pair untill further price action reveals the intentions of this pair. I dont like getting caught up in sideways crap, which is starting to develop in my opinion.

good luck to all trading.
  • #246,804
  • Aug 18, 2010 5:07pm Aug 18, 2010 5:07pm
Quoting fourxtrader
Show a chart. I'd like to see the comparison.

From one grandparent to another. lol

Dr. D.
Here's a 1 min and 5 min:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
Click to Enlarge Name: gu5.gif Size: 28 KB
******************* I'd rather make money than be right.
  • #246,805
  • Aug 18, 2010 5:38pm Aug 18, 2010 5:38pm
I am a dumb dumb .. when hulls green I buy , hulls red I sell . Simple is sometimes easy

of course I like to see a nice vsa set up in the mix just to complicate the crap out of simple. .....

Looking for down move in asia to test support , hulls should remain red and price under that TL , then if we are to see up move in London then i should see some buying coming in in the way of ultra high vol down moves ( much like yesterday) HOWEVER from a vsa perspective the 60 min changed alot today with ultra high volume coming in on all the up moves. This could well indicate that GU is getting ready to drop down thru that 1.5500 area.

I would love to see an upthrust style move into 1.5650 to 1.5700 in asia / farnkie only to be hit again when retial numbers come out later tonight

here is the 60 .. vertical lines indicate high vol on up moves

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 169 KB




Quoting fourxtrader
Ask Linuxtroll... the psychedelic guru of his
own rainbow methods in the forex. Ask Daryl
Guppy and Alan Hull, who boringly offered their
stock market version with separated groups of
MMAs each representing [i][color=blue]a...
Blogging daily now at www.volume.zone
  • #246,806
  • Aug 18, 2010 5:52pm Aug 18, 2010 5:52pm
A cameo appearance by Markam? Is the sky falling or what?
I'd be a richer man if I'd followed his warnings over the years.

Dr. D.
  • #246,807
  • Aug 18, 2010 6:33pm Aug 18, 2010 6:33pm
Hi all,,

Anybody agrees with me ,,
Attached Image (click to enlarge)
Click to Enlarge Name: trendlins.gif Size: 29 KB
  • #246,808
  • Aug 18, 2010 6:39pm Aug 18, 2010 6:39pm
Quoting amberfm
Hi all,,

Anybody agrees with me ,,
Seems to be good lines!

But I think 1.5575 will be a though resistance also.
  • #246,809
  • Aug 18, 2010 6:56pm Aug 18, 2010 6:56pm
Quoting amberfm
Hi all,,

Anybody agrees with me ,,
Sure do! Not exact but close enough for government work:

1.5564
1.5521
1.5455
1.5348

  • #246,810
  • Aug 18, 2010 7:27pm Aug 18, 2010 7:27pm
Quoting amberfm
Hi all,,

Anybody agrees with me ,,
- - -
be careful with shorts bro, - it may be an irregular_correction GU-1h
Attached Image (click to enlarge)
Click to Enlarge Name: irregular_correction GU 1h.gif Size: 14 KB
  • #246,811
  • Aug 18, 2010 8:06pm Aug 18, 2010 8:06pm
Short Targets for Cable

 

  1. TP1 1.55659
  2. TP2 1.55658
  3. TP3 1.55657

  • #246,812
  • Aug 18, 2010 8:22pm Aug 18, 2010 8:22pm
Quoting forexlion
Short Targets for Cable

 

  1. TP1 1.55659
  2. TP2 1.55658
  3. TP3 1.55657

LOL!

Is this call scaling out?!?
You make way more money whit this tech!!!!!
"Flip that coin!"
  • #246,813
  • Aug 18, 2010 8:31pm Aug 18, 2010 8:31pm
Between 5550 and 5650 a lot of people will make a lot of targets, but effectively this range remains unless 4 hour 200 ema is broken, or 1 hour 200 ema is broken
  • #246,814
  • Aug 18, 2010 8:33pm Aug 18, 2010 8:33pm
Quoting forexlion
Between 5550 and 5650 a lot of people will make a lot of targets, but effectively this range remains unless 4 hour 200 ema is broken, or 1 hour 200 ema is broken
Makes full sens!
That 200 ema story is a hit on any TF!

Daily 200 ema is around 1.5420.... if the 4h get broken.

Good trading!
"Flip that coin!"
  • #246,815
  • Aug 18, 2010 8:40pm Aug 18, 2010 8:40pm
As I see it, plenty of supports.

Cable is slowly gearing up to build this sequence

 

  1. M5
  2. M15
  3. M30
  4. H1
  5. H4
  6. D

Once that happens, cable will be in a strong uptrend

http://img201.imageshack.us/img201/4505/28826131.gif

  • #246,816
  • Aug 18, 2010 8:57pm Aug 18, 2010 8:57pm
US Military Brass Urge Soldiers To Kill Indiscriminately

"Anytime someone in your line gets hit by an IED...you kill every motherfucker in the street," McCord quotes him as saying.
  • #246,817
  • Aug 18, 2010 9:01pm Aug 18, 2010 9:01pm
why is it that 99.99% of anti America propaganda comes fr om Russia today news agency.

and i used to think this is genuine news
  • #246,818
  • Aug 18, 2010 9:13pm Aug 18, 2010 9:13pm
Chinese public transport bus costing 7 million dollars per Km to build !!!

CNN Money has the video

http://money.cnn.com/video/news/2010..._bus.cnnmoney/
  • #246,819
  • Aug 18, 2010 9:14pm Aug 18, 2010 9:14pm
Quoting forexlion
why is it that 99.99% of anti America propaganda comes fr om Russia today news agency.

and i used to think this is genuine news
And yet you find pleasure in reporting it?

Dr. D.
  • #246,820
  • Aug 18, 2010 9:18pm Aug 18, 2010 9:18pm
Quoting forexlion
Short Targets for Cable

 

  1. TP1 1.55659
  2. TP2 1.55658
  3. TP3 1.55657

all 3 targets achieved
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