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Cable Update (GBPUSD)

  • #249,821
  • Aug 30, 2010 9:46am Aug 30, 2010 9:46am
Waiting for a break through 1.5460/50 area for us to head down to 1.5390 then 1.5300 then 1.5215 then 1.5115 ad nauseam.

Holla for some peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,822
  • Aug 30, 2010 9:50am Aug 30, 2010 9:50am
USDX have got back over support, gbpx broke lower trendline....
Ain't looking that good for bulls anymore...

Let's see if th next move will be higher high or lower low....
Trading micro lot here, entry LONG 1.5470. Picky situation....

Later!


("silly entry" from 1.5440 fully close @ 1.5550 LOL!).
"Flip that coin!"
  • #249,823
  • Aug 30, 2010 9:52am Aug 30, 2010 9:52am
.
Attached Image (click to enlarge)
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  • #249,824
  • Aug 30, 2010 9:55am Aug 30, 2010 9:55am
Quoting zameer
hi every one

any one have the idea ........ cable should bounce 1.5450-60 if i m correct ????????????????
There is good support around that area, but support and resistance are meant to be broken before markets have direction. Don't forget that we're still in the major downward dive (with gravity in our favor ). . . BIG picture outlook.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #249,825
  • Aug 30, 2010 9:55am Aug 30, 2010 9:55am
Quoting wormboy
I do not know what to expect yet. The gbplfx is sandwiched in between the two main pivots. Flat as long it stays in between, back to bullish if it closes above the W1 pvp or stay bearish if it closes below the monthly pvp. Too close to call atm, I am not expecting anything nor am I taking sides till it happens.

Good luck to you.
Nothing's changed.

Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gb.gif Size: 25 KB
Click to Enlarge Name: gb1.gif Size: 25 KB
Thank You
  • #249,826
  • Aug 30, 2010 9:57am Aug 30, 2010 9:57am
Quoting wormboy
Nothing's changed.
lol.... I was going to say the same thing.

hope your trades are going well
  • #249,827
  • Aug 30, 2010 9:57am Aug 30, 2010 9:57am
channel form last week holding

1.5575 to 1.5400

keep it simple crew ....

still in channel till it isn't

Attached Image (click to enlarge)
Click to Enlarge Name: chart2772.png Size: 234 KB
Blogging daily now at www.volume.zone
  • #249,828
  • Aug 30, 2010 10:06am Aug 30, 2010 10:06am
Quoting Fudomyo
lol.... I was going to say the same thing.

hope your trades are going well
all good brother. waiting in the wings for the kill

all the best to you too man!
Thank You
  • #249,829
  • Aug 30, 2010 10:09am Aug 30, 2010 10:09am
Quoting malcolmb14
channel form last week holding

1.5575 to 1.5400

keep it simple crew ....

still in channel till it isn't

Attachment


Keeping it simple and not falling into the bias mode is key. Be prepared for what ever direction the mkt wants to go. Usually the DX will guide you.
  • #249,830
  • Aug 30, 2010 10:11am Aug 30, 2010 10:11am
Quoting PipChick


Keeping it simple and not falling into the bias mode is key. Be prepared for what ever direction the mkt wants to go. Usually the DX will guide you.
dx is 50 % euro weighted .. so a better indication for eu than gu

to be honest I found watching gbp index better
Blogging daily now at www.volume.zone
  • #249,831
  • Aug 30, 2010 10:19am Aug 30, 2010 10:19am
i try long now..
enter 5473 base on last 30min cs..
sl 5440...
looking for tp around 5550
dont follow my call...coz there a no zero lossing method in forex...
just keep believe in your chart
Revesal Trader
  • #249,832
  • Aug 30, 2010 10:21am Aug 30, 2010 10:21am
I know this is the cable thread but here is a possibility for the EU. And you are right about the EU and DX Malc.

If you are a more risky trader, you could take a 30 min or 1 hr close instead of waiting on a 4 hr close.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4.jpg Size: 89 KB
  • #249,833
  • Aug 30, 2010 10:23am Aug 30, 2010 10:23am
Quoting PipChick
I know this is the cable thread but here is a possibility for the EU. And you are right about the EU and DX Malc.
pip..all last week 1.2750 on eu getting hit hard with sellers in the bear flag.

I am thinking this is the week we break down , been waiting for 1.2200 to 1.1800
Blogging daily now at www.volume.zone
  • #249,834
  • Aug 30, 2010 10:25am Aug 30, 2010 10:25am
Tempting to go short at these levels.... what you guys thinnk??
  • #249,835
  • Aug 30, 2010 10:25am Aug 30, 2010 10:25am
Quoting malcolmb14
pip..all last week 1.2750 on eu getting hit hard with sellers in the bear flag.

I am thinking this is the week we break down , been waiting for 1.2200 to 1.1800
Agree Malc...especially once the DX takes out 83.65-70.
  • #249,836
  • Aug 30, 2010 10:27am Aug 30, 2010 10:27am
Quoting malcolmb14
pip..all last week 1.2750 on eu getting hit hard with sellers in the bear flag.

I am thinking this is the week we break down , been waiting for 1.2200 to 1.1800

this show those volume spikes really well ... vertical lines make it messy but put those on as want to show you volume hitting spikes

redistribution like this leads to 500 pip plus

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
Blogging daily now at www.volume.zone
  • #249,837
  • Aug 30, 2010 10:28am Aug 30, 2010 10:28am
Quoting LostMyShirt
Tempting to go short at these levels.... what you guys thinnk??
LostMyShirt...
look at this chart...maybe want to wait for a close. At least an m15 close if not an h1 close.
Attached Image (click to enlarge)
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  • #249,838
  • Aug 30, 2010 10:31am Aug 30, 2010 10:31am
Quoting LostMyShirt
Tempting to go short at these levels.... what you guys thinnk??

look for re test 1.5500 to get short. ...

price moving slowly right now , 100 pip range day lower than normal , but days range almost complete.

sell limit at 1.5500 may serve you better
Blogging daily now at www.volume.zone
  • #249,839
  • Aug 30, 2010 10:33am Aug 30, 2010 10:33am
Quoting malcolmb14
look for re test 1.5500 to get short. ...

price moving slowly right now , 100 pip range day lower than normal , but days range almost complete.

sell limit at 1.5500 may serve you better
Pullbacks are always better. (unless you cant get one )
If you cant get a pullback, you should wait on a close and trade a smaller position anticipating a possible pullback.
  • #249,840
  • Aug 30, 2010 10:43am Aug 30, 2010 10:43am
Quoting PipChick
I know this is the cable thread but here is a possibility for the EU. And you are right about the EU and DX Malc.

If you are a more risky trader, you could take a 30 min or 1 hr close instead of waiting on a 4 hr close.
The signal has triggered on my H4 chart. I'm only waiting for a close then we start hitting it hard to hell
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
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