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Cable Update (GBPUSD)

  • #250,361
  • Sep 1, 2010 12:49pm Sep 1, 2010 12:49pm
Quoting kaspopsicle
In the abscence of someone senior replying(probably because they have answered this question many times over)i shall attempt an explanation. : The Big Boys go away on holiday.which leaves us all floundering in a very slow mud stream..in other words ,or rather in Cloggies, everything is the same just a lot slooooower
Thanks popsicle - I suspected it may have been answered already but with 16000+ pages to trawl through, had hoped someone would be good enough to reply.

Ok, so rest of the year trading is just MORE EXTREME. I'll change from classical tunes to something more rocking when I'm in front of the screen
  • #250,362
  • Sep 1, 2010 12:52pm Sep 1, 2010 12:52pm
Quoting Magic Hat
Thanks popsicle - I suspected it may have been answered already but with 16000+ pages to trawl through, had hoped someone would be good enough to reply.

Ok, so rest of the year trading is just MORE EXTREME. I'll change from classical tunes to something more rocking when I'm in front of the screen

One more week to go before normal service resumes.
  • #250,363
  • Sep 1, 2010 12:56pm Sep 1, 2010 12:56pm
Quoting cloggie
One more week to go before normal service resumes.
Cool - like going back to school :nerd:
  • #250,364
  • Sep 1, 2010 12:58pm Sep 1, 2010 12:58pm
Quoting malcolmb14
pip... dx weakness I posted the other day on the daily played right our into my hands... 82 may be broken here

GU I am buying off 1.5440 , taking profit 1.5470 , even though we had an upthrust on the 30 min this morning there has been limited selling pressure on GU...
Hi malc,
I see what you are saying about buying the dips. The only thing that concerns me there is the bearish Hidden Divergence on the h1.(that could kick in and blow the longs out) That aside...I do see the h1 has formed an inverse HS and the m15 a bull flag. Seems mixed to me so this noob will sit out for a bit.
Attached Image (click to enlarge)
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  • #250,365
  • Sep 1, 2010 1:04pm Sep 1, 2010 1:04pm
Quoting pips stunner
going in short for 100 pips with SL 100 pips. WHOOOO!

I took your gbpchf long going to the sky posted aug 27th ..... guess what I think you had your computer monitor upside down as it dropped 500 pip since then ...lol

learn how to trade .. so you get lucky with a few... but for sure based on your postings so far you do not have a clue what you are doing

Just 50 pip under is is major channel support that held for almost 1 whole week ...where do you think the buyers are sitting right now ?
Blogging daily now at www.volume.zone
  • #250,366
  • Sep 1, 2010 1:06pm Sep 1, 2010 1:06pm
Quoting malcolmb14
pip... dx weakness I posted the other day on the daily played right our into my hands... 82 may be broken here

GU I am buying off 1.5440 , taking profit 1.5470 , even though we had an upthrust on the 30 min this morning there has been limited selling pressure on GU , for me buy dips is nice safe way to go till that changes

looking for further moves up in London to 1.5575 area

Days range completed at 1.5450 and over extedned at 1,5490. Hence the sideways movement for now , same with eu . Sure some of the more expereinced traders ( magik) are...
Hey guys,

Reckon we do need to wait for LO 2moro before deciding to go long... I still see a retrace on the books here...

Long up 16 pips and almost be with s/l
@pawpaw1000 on Twitter
  • #250,367
  • Sep 1, 2010 1:07pm Sep 1, 2010 1:07pm
Quoting pips stunner
going in short for 100 pips with SL 100 pips. WHOOOO!
yeah...this is what gets on my nerves with forums..
  • #250,368
  • Sep 1, 2010 1:08pm Sep 1, 2010 1:08pm
Everyone says go short , im going long.
  • #250,369
  • Sep 1, 2010 1:10pm Sep 1, 2010 1:10pm
Quoting PipChick
yeah...this is what gets on my nerves with forums..

He is talking to Iggy Pop, at times the entire thread is nice and quiet, with no rubbish anywhere.
  • #250,370
  • Sep 1, 2010 1:20pm Sep 1, 2010 1:20pm
Quoting PipChick
Hi malc,
I see what you are saying about buying the dips. The only thing that concerns me there is the bearish Hidden Divergence on the h1.(that could kick in and blow the longs out) That aside...I do see the h1 has formed an inverse HS and the m15 a bull flag. Seems mixed to me so this noob will sit out for a bit.
also eyeing that flag ... only thing bothering me is the upthrust move i saw on 30 min chart at starts US session , but so far reaction to that is muted

1.5440 is key support right now ( high volume pivot 5days back ) , then above us there is a cluster of these at 1.5530 area...

I am hoping it drops into 1.5420 for a nice low risk long in london

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 177 KB
Blogging daily now at www.volume.zone
  • #250,371
  • Sep 1, 2010 1:24pm Sep 1, 2010 1:24pm
Quoting malcolmb14
also eyeing that flag ... only thing bothering me is the upthrust move i saw on 30 min chart at starts US session , but so far reaction to that is muted

1.5440 is key support right now ( high volume pivot 5days back ) , then above us there is a cluster of these at 1.5530 area...

I am hoping it drops into 1.5420 for a nice low risk long in london

Attachment
@pawpaw1000 on Twitter
  • #250,372
  • Sep 1, 2010 1:35pm Sep 1, 2010 1:35pm
Good day to you,

Price currently blocked by a confluence of the following:

1) 50% line of this week @ 1.5448
2) Monday's low @ 1.5454
3) Monday's close @ 1.5460
4) Yesterday's high @ 1.5472

This cluster of resistance should be reasonably strong.

Taking price and time into consideration, price wants to close @ 1.5484 / 1.5488 area today.

Above this, there is another confluence of the 50% line of last week @ 1.5492, then the 1.5500 round number, with the centre point of last weeks Gann angles @ 1.5511.

Certainly seems like a lot to work through...

Below price, 1.5434 is the key level. A break here will see us run down to 1.5410 ( the 50% line of the months range), then 1.5369 - the low of last week.

Regards
Attached Image (click to enlarge)
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  • #250,373
  • Sep 1, 2010 1:37pm Sep 1, 2010 1:37pm
Quoting cloggie
Yup we are in nomans land, lots of correlated pairs and equities need to find either support or resistance and then reverse for this one to go anywhere. Today was purely fundie driven, now lets see if the techies take over from here, eyeballing 5435 and 5484 would give a good early indication. I am still not seeing any shorts though, other then a few scalps here and there. It is PA like this that would catch most noobs on the wrong side of a trade and running for the exits too soon.

Nothing has changed yet, earlier levels still apply. I am done for tonight, see you guys at the LO.
  • #250,374
  • Sep 1, 2010 1:39pm Sep 1, 2010 1:39pm
Quoting Magic Hat
Thanks popsicle - I suspected it may have been answered already but with 16000+ pages to trawl through, had hoped someone would be good enough to reply.

Ok, so rest of the year trading is just MORE EXTREME. I'll change from classical tunes to something more rocking when I'm in front of the screen
Glad to be able to help. Cool rock is always thundering around my head when things are moving. This has been my first summer of trading, the only tune that keeps me going is Andmoreagain ,Arthur Lee.When things start moving i'll be back on Aloneagainor no doubt. All the best for the river of trades up to Christmas. G/L
All systems of divination, like music itself,work through patterns.
  • #250,375
  • Sep 1, 2010 1:41pm Sep 1, 2010 1:41pm
Quoting cloggie
Nothing has changed yet, earlier levels still apply. I am done for tonight, see you guys at the LO.
AAH, things were just getting exciting!

See 2moro... if this trade works for me I'll be back in the positive with +2%...

See at LO cloggs, will be here the whole day as I have off day
@pawpaw1000 on Twitter
  • #250,376
  • Sep 1, 2010 1:43pm Sep 1, 2010 1:43pm
Quoting pawpaw1000
AAH, things were just getting exciting!

See 2moro... if this trade works for me I'll be back in the positive with +2%...

See at LO cloggs, will be here the whole day as I have off day

Don't jump the gun in anticipation, wait for a confirmation first. GL, see you tomorrow.
  • #250,377
  • Sep 1, 2010 1:44pm Sep 1, 2010 1:44pm
posted Aug, 19

Quoting pips stunner
keep losing while i keep posting my 200% statement increase in 2 months here. there is nothing like the holy grail, i am the holy grail and i lose pips too. but i told you all i am going long for the next 2 weeks.
EPIC FAIL
Verily, in every difficulties there is relief
  • #250,378
  • Sep 1, 2010 1:45pm Sep 1, 2010 1:45pm
Quoting nAVIN2007
i will give u some advise..trading is about seeing information and no having no bias..u simply go with what the chart says..u need to learn the price behaviour..moving averages work like everything...
hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
  • #250,379
  • Sep 1, 2010 1:48pm Sep 1, 2010 1:48pm
Quoting primzvicious
posted Aug, 19



EPIC FAIL

http://a.imageshack.us/img842/5088/skull.gif
  • #250,380
  • Sep 1, 2010 1:50pm Sep 1, 2010 1:50pm
Quoting cloggie
Don't jump the gun in anticipation, wait for a confirmation first. GL, see you tomorrow.
Jip, failed this afternoon but think it was in frustration since I haven't traded this week yet and keep missing the action!

Noob mistake but will work onit

MM is saving my ass big time with RR 3:1 on most trades... and some (when I catch those 100 pippers) give me 5:1
@pawpaw1000 on Twitter
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