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Cable Update (GBPUSD)

  • #250,781
  • Sep 3, 2010 2:29am Sep 3, 2010 2:29am
Quoting Capn79
GlobalMacro,

Thanks for posting your chart and analysis. Much appreciated. Any thoughts on major resistance to the upside... 5442, 5449, and 5464 look like moderate resistance. Did I analyze that correctly?
Cheers Capn...those levels are around the down TL I think she's going for...
Hear the music before the song is over ...
  • #250,782
  • Sep 3, 2010 2:31am Sep 3, 2010 2:31am
  •  zigizum
  • | Joined Aug 2010 | Status: Not in a hurry too blow my account | 52 Posts
30 minutes MA200 very hard resistance at 1,5427...also 50% retracement from wednesday high at 1,5420. We can maybe see some test of 1,5436 (61,8%). Otherwise on the upside I see 1,5461 50% Fib retracement and there I will place my TP...otherwise Ill try Cloggie reccomended 33 strategy!

Nice trading to you all
  • #250,783
  • Sep 3, 2010 2:38am Sep 3, 2010 2:38am
Hi everybody. Today we will have a very big news
Non-Farm Employment Change . To trade it i found the script here
http://www.forexfactory.com/showthre...08#post3997408
which can be very usefull.

I don't know why, but it dosn't work with fxdd. may be it will work with you broker (4 digits). If somebody knows how to make it work it can be great. I am not a good MQL programmer and can't find out what is wrong with it.But may be you can?
  • #250,784
  • Sep 3, 2010 2:42am Sep 3, 2010 2:42am
Quoting GlobalMacro
Cheers Capn...those levels are around the down TL I think she's going for...
I see what you mean... I think. If the M15 prints above the 5430 and the PA confirms, then I'm looking to go long at 5437.
What we obtain too cheap, we esteem too lightly.
  • #250,785
  • Sep 3, 2010 2:44am Sep 3, 2010 2:44am
Quoting GlobalMacro
The drop to 1.5350 yesterday was indeed her testing of the TL which

subsequently held...as a result she's going for an assault of the minor down

TL...I like this bullish setup...

and will time an appropriate long entry...
this is how im seeing it!!..goo luck today bro..
im off to work..i hope thi mofo goes up!.
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 105 KB
  • #250,786
  • Sep 3, 2010 2:46am Sep 3, 2010 2:46am
Buy stop filled at 32, let's see how far it goes...it's only micro anyhoo...
  • #250,787
  • Sep 3, 2010 2:51am Sep 3, 2010 2:51am
Quoting Capn79
I see what you mean... I think. If the M15 prints above the 5430 and the PA confirms, then I'm looking to go long at 5437.
She's already on her way up...was looking for small retrace to get on board...but seems she's too eager...
c'est la vie! it's a beautiful day and friday at that anyway...I may opt to go out and play some ball instead...
Hear the music before the song is over ...
  • #250,788
  • Sep 3, 2010 2:52am Sep 3, 2010 2:52am
Quoting nAVIN2007
this is how im seeing it!!..goo luck today bro..
im off to work..i hope thi mofo goes up!.
looking good so far...have fun bro!
Hear the music before the song is over ...
  • #250,789
  • Sep 3, 2010 2:58am Sep 3, 2010 2:58am
Quoting Capn79
I see what you mean... I think. If the M15 prints above the 5430 and the PA confirms, then I'm looking to go long at 5437.
Yeah Capn linebackers at 42 yard line, like you said, turned and out at BE+1...think you have to think above 45-46 to go in...
  • #250,790
  • Sep 3, 2010 3:01am Sep 3, 2010 3:01am
Quoting GlobalMacro
She's already on her way up...was looking for small retrace to get on board...but seems she's too eager...
c'est la vie! it's a beautiful day and friday at that anyway...I may opt to go out and play some ball instead...
I'm long at 5440. We'll see what happens... t1 is 5456 for me, then we'll let the rest ride. I know what you mean about the day... It's supposed to be a nice day here...and a great start for a long weekend here stateside.
What we obtain too cheap, we esteem too lightly.
  • #250,791
  • Sep 3, 2010 3:10am Sep 3, 2010 3:10am
Quoting Capn79
I'm long at 5440. We'll see what happens... t1 is 5456 for me, then we'll let the rest ride. I know what you mean about the day... It's supposed to be a nice day here...and a great start for a long weekend here stateside.

That's the weakness of most 1st breakouts, they tend to be false, price invariably pulls back shaking out the weak before the 2nd b/o which is more reliable... Breakouts at the Hi or Lo also go against the buy lo/sell hi ethos..as they buy hi and sell lo, which is fine so lomg as you are not one of the said 'weak' and then buy lower or in this case sell higher.

Uk data due at 0830am gmt.

G/L
ex member
  • #250,792
  • Sep 3, 2010 3:14am Sep 3, 2010 3:14am
Goodmorning everyone
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,793
  • Sep 3, 2010 3:15am Sep 3, 2010 3:15am
Quoting bbmac
That's the weakness of most 1st breakouts, they tend to be false, price invariably pulls back shaking out the weak before the 2nd b/o which is more reliable... Breakouts at the Hi or Lo also go against the buy lo/sell hi ethos..as they buy hi and sell lo, which is fine so lomg as you are not one of the said 'weak' and then buy lower or in this case sell higher.

Uk data due at 0830am gmt.

G/L
I was thinking too .. why go long up here & just before a news announcement?
******************* I'd rather make money than be right.
  • #250,794
  • Sep 3, 2010 3:15am Sep 3, 2010 3:15am
Quoting Capn79
I'm long at 5440. We'll see what happens... t1 is 5456 for me, then we'll let the rest ride. I know what you mean about the day... It's supposed to be a nice day here...and a great start for a long weekend here stateside.
shouldve went long at 5408 but its still has some room to move so just BE as it moves up

good luck
  • #250,795
  • Sep 3, 2010 3:16am Sep 3, 2010 3:16am
Quoting bbmac
That's the weakness of most 1st breakouts, they tend to be false, price invariably pulls back shaking out the weak before the 2nd b/o which is more reliable... Breakouts at the Hi or Lo also go against the buy lo/sell hi ethos..as they buy hi and sell lo, which is fine so lomg as you are not one of the said 'weak' and then buy lower or in this case sell higher.

Uk data due at 0830am gmt.

G/L
After the initial range prints after LO, is it typically better to wait for the first breakout to finish, review the range and PA, and then hop in the 2nd BO?

I'll move my s/l up as far as I can in anticipation of the 0830am gmt... the forecast doesn't look too bad though, as far as I can tell. (hate having a trade on close to news though. )
What we obtain too cheap, we esteem too lightly.
  • #250,796
  • Sep 3, 2010 3:18am Sep 3, 2010 3:18am
If NFP comes in as forecast re headline # and the unemp rate rises we could see $ weakness. Knee jerk and longer market reaction depens on this and of course revisions to previous as well as the private sector job growth.

Of course should the headline # buck the trend and print a positive # we could see some knee-jerk $ strength.

G/L...anything can happen...
ex member
  • #250,797
  • Sep 3, 2010 3:19am Sep 3, 2010 3:19am
Don't forget today is NFP = NaughtyFemalePiss
Attached Image
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #250,798
  • Sep 3, 2010 3:27am Sep 3, 2010 3:27am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Seems we have a good short in the forming, there is absolutely no strength in pound whatsoever....
I am skeptical news is not positive or maybe neutral...let's see


ta
ams
  • #250,799
  • Sep 3, 2010 3:29am Sep 3, 2010 3:29am
Quoting Precap2
Don't forget today is NFP = NaughtyFemalePiss
there is women in here man! they aint gonna like that!

have fun ladies..
  • #250,800
  • Sep 3, 2010 3:29am Sep 3, 2010 3:29am
BABAH))

my explain: price touched ema 233 on H4 BEFORE NEWS
+ up of the channel
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