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Cable Update (GBPUSD)

  • #254,381
  • Sep 20, 2010 10:17am Sep 20, 2010 10:17am
jip, going out for a bit...

Also closed all for -3 pips overall...

Down 25 pips for the day! pissed but thinking we might have a meander tonight
@pawpaw1000 on Twitter
  • #254,382
  • Sep 20, 2010 10:18am Sep 20, 2010 10:18am
Cable is forming a nice upward candle on the hourly and I think price is moving back up.
I've got a buy on @ 1.5584. s/l @ 1.5544 and t/p @ 1.5704.
Let's see how it progresses.
  • #254,383
  • Sep 20, 2010 10:19am Sep 20, 2010 10:19am
This time of day, anything could happen but here is an update of the possibilities:
Attached Image (click to enlarge)
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  • #254,384
  • Sep 20, 2010 10:24am Sep 20, 2010 10:24am
Quoting priceaction
GBPUSD previously proven demand zone revisited again.

Rob
I think everytime its hitting the demand line, its making it weaker... higher high and higher lows patter on hourly and 4H is also broken. With Tues and Wed usually following the direction Monday decides we might have more room for downleg.

I am short from Current Price at 155.70 with a target price of 154.70 by where the 4H would make a full retracement of RSI back to around 30% level and daily RSI would fall back to around 35-45% level. 154.70 is also the mid point of BB band. If we break the 155.45 level today, wee might see it accelerate to another 70 pips down today itself just on technicals.
  • #254,385
  • Sep 20, 2010 10:30am Sep 20, 2010 10:30am
1507 GMT [Dow Jones] Fed buys $5.19B in Treasurys maturing between September 2016 and August 2019. Buying was concentrated in 6- 7 year notes, with no 10-year notes. Dealers submitted $24.056B. The Fed started small-scale buying in Treasurys last month, using proceeds from its maturing MBS holdings, as a way to push down long-term interest rates to support a slowing economy
This space intentionally left blank.
  • #254,386
  • Sep 20, 2010 10:36am Sep 20, 2010 10:36am
Quoting Purple
I think everytime its hitting the demand line, its making it weaker... higher high and higher lows patter on hourly and 4H is also broken. With Tues and Wed usually following the direction Monday decides we might have more room for downleg.

I am short from Current Price at 155.70 with a target price of 154.70 by where the 4H would make a full retracement of RSI back to around 30% level and daily RSI would fall back to around 35-45% level. 154.70 is also the mid point of BB band. If we break the 155.45 level today, wee might see it...
Everyone trade depends on His/here MM and How read his/here own chart
My view Golden point to long 1.5570 and i just did depends my 4H(But For longer Time Frame ) I could b wrong so GL
Enjoy the song

Inserted Video
  • #254,387
  • Sep 20, 2010 10:39am Sep 20, 2010 10:39am
Quoting Purple
I think everytime its hitting the demand line, its making it weaker... higher high and higher lows patter on hourly and 4H is also broken. With Tues and Wed usually following the direction Monday decides we might have more room for downleg.

I am short from Current Price at 155.70 with a target price of 154.70 by where the 4H would make a full retracement of RSI back to around 30% level and daily RSI would fall back to around 35-45% level. 154.70 is also the mid point of BB band. If we break the 155.45 level today, wee might see it accelerate to...
154.70 is also the 61.8 FIB support level if you draw FIB from closing low to high on 4H chart for the month of Sep.
  • #254,388
  • Sep 20, 2010 10:40am Sep 20, 2010 10:40am
Chance long here...1.5572

Will close on reversal signal...double hulls support near close of London, Fractal pattern and movement completed.
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Click to Enlarge Name: longs.jpg Size: 166 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,389
  • Sep 20, 2010 10:43am Sep 20, 2010 10:43am
Quoting egkid
Everyone trade depends on His/here MM and How read his/here own chart
My view Golden point to long 1.5570 and i just did depends my 4H(But For longer Time Frame ) I could b wrong so GL
Enjoy the song

http://www.youtube.com/watch?v=bkBYVNrjjIs

hey bro! hope the trading is going well.....

lotta support around here 5555-5570, I'd have to say if this area is broken a lot of longs will head for the hills

I'm short gbp on a couple crosses (chf, jpy)

The british RE problem just doesn't seem to be improving at all.....this is a problem for the pound
  • #254,390
  • Sep 20, 2010 10:45am Sep 20, 2010 10:45am
Did Digger buy another fleet of tractors?
Deere trading at levels not seen since '08.


Dr. D.
  • #254,391
  • Sep 20, 2010 10:48am Sep 20, 2010 10:48am
time to short...please dont asking me to post chart ..somebody will not agree with my chart...thight sl 20 pips
  • #254,392
  • Sep 20, 2010 10:54am Sep 20, 2010 10:54am
Quoting mfoste1
hey bro! hope the trading is going well.....

lotta support around here 5555-5570, I'd have to say if this area is broken a lot of longs will head for the hills

I'm short gbp on a couple crosses (chf, jpy)

The british RE problem just doesn't seem to be improving at all.....this is a problem for the pound
Hi Bro
Hope all is Good with U.
I guess u didn't watch the song!! Every Order u make Always face some Risk nothing Guarantee 100% but i trade what i see on my sys
  • #254,393
  • Sep 20, 2010 10:55am Sep 20, 2010 10:55am
Quoting mfoste1
hey bro! hope the trading is going well.....

lotta support around here 5555-5570, I'd have to say if this area is broken a lot of longs will head for the hills

I'm short gbp on a couple crosses (chf, jpy)

The british RE problem just doesn't seem to be improving at all.....this is a problem for the pound
RE stands for?
Don't be a hero. Don't have an ego. Always question yourself
  • #254,394
  • Sep 20, 2010 10:57am Sep 20, 2010 10:57am
Quoting egkid
Hi Bro
Hope all is Good with U.
I guess u didn't watch the song!! Every Order u make Always face some Risk nothing Guarantee 100% but i trade what i see on my sys

I love that movie!
  • #254,395
  • Sep 20, 2010 10:58am Sep 20, 2010 10:58am
Quoting USD-Bear
RE stands for?

real estate
  • #254,396
  • Sep 20, 2010 11:08am Sep 20, 2010 11:08am
1433 GMT [Dow Jones] With Fed unlikely to change assessment of US economy or drop hints at new round of QE, USD is likely to gain after Tue FOMC statement, says Credit Agricole's Daragh Maher. "If anything, the numbers perhaps have been a little less grim," he said of US data since Fed's July meeting, so FOMC might "feel a little more confident" about leaving its statement unchanged. If the Fed is steady, USD is likely to gain with weight of QE speculation removed from its neck, Maher says. EUR/USD up, at 1.3080 from 1.3039 late Fri, according to EBS via CQG.([email protected])
  • #254,397
  • Sep 20, 2010 11:10am Sep 20, 2010 11:10am
Quoting fourxtrader
Did Digger buy another fleet of tractors?
Deere trading at levels not seen since '08.


Dr. D.

doc he is buying tires for now for the fleet
  • #254,398
  • Sep 20, 2010 11:12am Sep 20, 2010 11:12am
Quoting PipChick
This time of day, anything could happen but here is an update of the possibilities:

theres some bullish diverence on yur chart as well
Attached Image
  • #254,399
  • Sep 20, 2010 11:12am Sep 20, 2010 11:12am
hi all green is the color hope all in it , both gu and fiber still east is the way of salvation
  • #254,400
  • Sep 20, 2010 11:14am Sep 20, 2010 11:14am
Quoting nAVIN2007
theres some bullish diverence on yur chart as well

in u dreams bro whats up

open the link there is some god indis for diver

http://www.forexfactory.com/search.p...duser&u=122765
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