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Cable Update (GBPUSD)

  • #250,301
  • Sep 1, 2010 9:14am Sep 1, 2010 9:14am
look like cable is confused where to go ................!
  • #250,302
  • Sep 1, 2010 9:15am Sep 1, 2010 9:15am
Quoting zameer
look like cable is confused where to go ................!

She is not going down with all the fundies out there, that's for "sure". 5484 needs to go first before I entertain another long though.
  • #250,303
  • Sep 1, 2010 9:17am Sep 1, 2010 9:17am
Quoting cloggie
She is not going down with all the fundies out there, that's for "sure". 5484 needs to go first before I entertain another long though.
according to numbers it should go south buddy
  • #250,304
  • Sep 1, 2010 9:18am Sep 1, 2010 9:18am
Quoting zameer
according to numbers it should go south buddy

Really? with the DOW up 200? Don't think so. Not quite sure what numbers you are looking at, 495 stocks on the SnP are up right now, September is here August selling has finished.

But it is your money go look for shorts, while I stand by for a long.
  • #250,305
  • Sep 1, 2010 9:21am Sep 1, 2010 9:21am
Quoting cloggie
Really? with the DOW up 200? Don't think so. But it is your money go look for shorts, while I stand by for a long.
i struck with my shorts .............!!
  • #250,306
  • Sep 1, 2010 9:23am Sep 1, 2010 9:23am
hi Cloggie,
Thank you so much for your time.

PS: "Sanitation Technician". Gotta love your vocabulary
Quoting cloggie
Yesterday's CB and today's ISM, the only way stocks can go is up. The only thing ADP signifies is slow domestic growth, the ISM shows good exports, so manufacturing is doing well (today), let's see if it lasts.

Oil is up, heating oil is up, ISM up, so stocks are reacting naturally. Got the GM report and oil inventories in 20 mins.
  • #250,307
  • Sep 1, 2010 9:24am Sep 1, 2010 9:24am
Quoting zameer
i struck with my shorts .............!!

You may want to research fundie trading a bit more before you take trades based on the numbers, all worldwide stock futures are up, CAT is the biggest gainer on the DOW, DOW itself up over 200, SnP touching 1075.

I am still waiting for 5484 but am definetely not looking at shorts (yet)
  • #250,308
  • Sep 1, 2010 9:28am Sep 1, 2010 9:28am
I still see the bullish momentum here, even though the pair was stopped and forced to fallback after testing 200EMA in 4H TF... If we look down to 30m TF, the pair is still traded above 200EMA, suggesting, the news effect is not everlasting, thus it's just the matter of time for the pair to resume the upward movement...

That's just my 2 cents, again, I'm off the market now, no position taken, yet I have booked some money before this post...

Quoting cloggie
She is not going down with all the fundies out there, that's for "sure". 5484 needs to go first before I entertain another long though.
Attached Images
  • #250,309
  • Sep 1, 2010 9:28am Sep 1, 2010 9:28am
Quoting cloggie
You may want to research fundie trading a bit more before you take trades based on the numbers, all worldwide stock futures are up, CAT is the biggest gainer on the DOW, DOW itself up over 200, SnP touching 1075.

I am still waiting for 5484 but am definetely not looking at shorts (yet)
look like a made a mistake
  • #250,310
  • Sep 1, 2010 9:34am Sep 1, 2010 9:34am
Quoting zameer
look like a made a mistake

You need to look at the bigger picture and don't get hung up on one number, China, AUS and the US reporting good numbers, yes ADP was down, however within the report the planned layoffs were also down, so in effect it was not all bad news. Right now you are still seeing oil and heating oil rising even though inventories have gone up, that also signals economic improvement, more manufacturing, more demand for oil and heating oil, price continues to rise, with all of that risk is moving from the dollar to equities so the dollar drops, cable and fibre up.

Fundie trading is not just looking at a number on FF (FF misses lots of data anyways)

The only thing that is going to help your short is profit taking on the equity side.
  • #250,311
  • Sep 1, 2010 9:36am Sep 1, 2010 9:36am
Hey Mal...

Just another 1m chart showing the daily range completion.

MA cross on the 1m, 100 pip move, sell off....

Ya know what I'm looking for now....

Attached Image (click to enlarge)
Click to Enlarge Name: dailyrange.jpg Size: 81 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,312
  • Sep 1, 2010 9:38am Sep 1, 2010 9:38am
Quoting zameer
look like a made a mistake
Whats your entry price for the shorts?? I do not see the big buyers in GBP at these levels..
  • #250,313
  • Sep 1, 2010 9:40am Sep 1, 2010 9:40am
Pivot bar forming, if this high stays below the previous we should see continuation up>

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: cht1.gif Size: 28 KB
  • #250,314
  • Sep 1, 2010 9:41am Sep 1, 2010 9:41am
Quoting LostMyShirt
Whats your entry price for the shorts?? I do not see the big buyers in GBP at these levels..
1.5446 .....................................
  • #250,315
  • Sep 1, 2010 9:45am Sep 1, 2010 9:45am
Cloggie,

If I could only spend a day, week, or month sat next to you. Thank you for your insights.

Do you use a news provider? if so who(if you don't mind sharing)?

Rob

Quoting cloggie
You need to look at the bigger picture and don't get hung up on one number, China, AUS and the US reporting good numbers, yes ADP was down, however within the report the planned layoffs were also down, so in effect it was not all bad news. Right now you are still seeing oil and heating oil rising even though inventories have gone up, that also signals economic improvement, more manufacturing, more demand for oil and heating oil, price continues to rise, with all of that risk is moving from the dollar to equities so the dollar drops, cable and fibre...
  • #250,316
  • Sep 1, 2010 9:45am Sep 1, 2010 9:45am
Quoting Dayboy001
Cloggie,

If I could only spend a day, week, or month sat next to you. Thank you for your insights.

Do you use a news provider? if so who(if you don't mind sharing)?

Rob

Bloomy. Can't fault them, well worth the money.
  • #250,317
  • Sep 1, 2010 9:51am Sep 1, 2010 9:51am
Big drop lining up; it seems around 5518 but if not tonight then in London open.

good luck, will inform you at precise moment...
  • #250,318
  • Sep 1, 2010 10:02am Sep 1, 2010 10:02am
Quoting zameer
look like a made a mistake
Your short has a chance. If I were short at the moment at the price you are in short at, I would exit the trade IF the h1 closed above the 61.8. I am seeing bearish Hidden divergence on the h1 chart. The data releases do support the GBP long but, it may have went as high as the data allows it. I am also seeing some pullbacks on the DX.
Im not giving advice, I am just saying what I would do if I were short at your price.

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: GU H1.gif Size: 13 KB
  • #250,319
  • Sep 1, 2010 10:12am Sep 1, 2010 10:12am
i go short at 1.5464 tp 1.5414 sl at 1.5479. i go short for retracement to 50%. it seems GU cannot go up at 61.8%(38.2) retracement, and i think it will bounce back for a while, so i tp at 50%retracement. i see GU often retrace 61.8% - 76.4%.

Attached Image (click to enlarge)
Click to Enlarge Name: 1seph410.10pm.gif Size: 21 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #250,320
  • Sep 1, 2010 10:15am Sep 1, 2010 10:15am
Quoting PipChick
Your short has a chance. If I were short at the moment at the price you are in short at, I would exit the trade IF the h1 closed above the 61.8. I am seeing bearish Hidden divergence on the h1 chart. The data releases do support the GBP long but, it may have went as high as the data allows it. I am also seeing some pullbacks on the DX.
Im not giving advice, I am just saying what I would do if I were short at your price.

Good Luck
Seeing the resistance levels, I gotta agree with you here PipChick.

We topped the H4 200EMA and the H1 200EMA. We are inside support of these 2, and still above daily support...the waffle range.

H1, H4, 200s....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 200h1.jpg Size: 79 KB
Click to Enlarge Name: 200h4.jpg Size: 53 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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