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Cable Update (GBPUSD)

  • #260,621
  • Oct 14, 2010 7:10pm Oct 14, 2010 7:10pm
Quoting chazzle
but EG looking for the bounce,no?

hope you're doing well Magix and getting muchos pipsos
And if EG decides to head for hourly support, could be even worse yet.

Cable and dragon could launch like a rocket.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,622
  • Oct 14, 2010 7:10pm Oct 14, 2010 7:10pm
15m yes euro is at the line but it arrived there quite aggressively.Look at the H1
  • #260,623
  • Oct 14, 2010 7:12pm Oct 14, 2010 7:12pm
Quoting Magix
And if EG decides to head for hourly support, could be even worse yet.

Cable and dragon could launch like a rocket.
making me nervous now Mag...lol...don't want a repeat of last night
  • #260,624
  • Oct 14, 2010 7:12pm Oct 14, 2010 7:12pm
Quoting Magix
Check out your EG chart Chaz, see who has the juice...
Yes what is going on with GBP right now? USD is killing EUR but GBP is holding fairly steady.
Today's zone = Tomorrow's opportunity!
  • #260,625
  • Oct 14, 2010 7:17pm Oct 14, 2010 7:17pm
Quoting pres78
Yes what is going on with GBP right now? USD is killing EUR but GBP is holding fairly steady.
Euro crushed hard last night, dragon barely moved...well, for the dragon.

Today Dragon is support for GBP, imo, so am long on that one and waiting for it to pull cable out of the shit.

Nice trades on some quick shorties on cable, fiber and EJ, now am looking at the long cycles.

Just playing em how I sees em...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,626
  • Oct 14, 2010 7:26pm Oct 14, 2010 7:26pm
The 2 important levels today....

DP and Rollover.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,627
  • Oct 14, 2010 7:51pm Oct 14, 2010 7:51pm
I'll admit defeat out for -9
  • #260,628
  • Oct 14, 2010 7:56pm Oct 14, 2010 7:56pm
11 straight hours of candles opening and closing between last weeks 100% fib and what is now yesterday's 50% fib... and sitting in between the Daily Pivot and Monthly R1 levels. This Monthly R1 level provided good resistance on the initial move up yesterday before a strong bull candle blew through it. I am looking for a confirmed break and close on at least the 1hr chart either above or below the 1.6014 and 1.5975 levels before choosing any additional positions.

Right now with how long the 21EMA has provided support I am bias to the long side... time will tell.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #260,629
  • Edited 8:12pm Oct 14, 2010 7:59pm | Edited 8:12pm
Could it be a bullflag devoloping?

Looking like it`s setting up for a breakout when London opens. Any thoughts?
MACD on 4h.
Holding over 23.6 Fib are also factors who comes into play.

As long as it holds over 1.5970. I wouldent be surprised to see it move higer today. Time for some sleep before London Open.
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  • #260,630
  • Oct 14, 2010 8:19pm Oct 14, 2010 8:19pm
Hey killer, caught on that 168 tcci m30 here....

This bitch could still go balistic.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,631
  • Oct 14, 2010 8:24pm Oct 14, 2010 8:24pm
Quoting Magix
Hey killer, caught on that 168 tcci m30 here....

This bitch could still go balistic.
I am bullish on this pair as long as the bottom of the flag holds.
At the moment it seems to be creeping out of the flag, and then it is likely to go further up.
Do you agree?
  • #260,632
  • Oct 14, 2010 8:33pm Oct 14, 2010 8:33pm
Quoting Magix
Hey killer, caught on that 168 tcci m30 here....

This bitch could still go balistic.
heck ya in and out its not bad for 20-30 the little guys up to something u should see the ema200 on 15 fiber was a nice ride top to bottom

still dixy is the king and still waiting for those azz hoooooooools BOJ to do any thing to save there azz's
  • #260,633
  • Oct 14, 2010 8:33pm Oct 14, 2010 8:33pm
Quoting Sunsi
I am bullish on this pair as long as the bottom of the flag holds.
At the moment it seems to be creeping out of the flag, and then it is likely to go further up.
Do you agree?

Hello Guys...

i totally agree with sunsi.

i'm still bullish on this pair
  • #260,634
  • Oct 14, 2010 8:35pm Oct 14, 2010 8:35pm
Quoting Sunsi
I am bullish on this pair as long as the bottom of the flag holds.
At the moment it seems to be creeping out of the flag, and then it is likely to go further up.
Do you agree?
Am currently still a bull on anything against USD...Killer posted a chart on the USDX, showing a possible LTL and it ain't quite there yet.

I am trading off a 5m chart triggering on a 1m until I see us fall back into a trend or unless I see a massive reversal...

Best of luck on yer evening mango.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,635
  • Oct 14, 2010 8:57pm Oct 14, 2010 8:57pm
Quoting Magix
Hey killer, caught on that 168 tcci m30 here....

This bitch could still go balistic.
mag

from vsa standpoint gu been accumulated of 1.5980 all london and us... almost seems like a good move to come and that shake out in asia of eu suggests strength to come.

I am expecting a possible shake out on gu in frankie to 1.,5940 area..something to be on look out for

eu was an interesting one got taken right down to asia low of yesterday then bought ..
Blogging daily now at www.volume.zone
  • #260,636
  • Oct 14, 2010 9:04pm Oct 14, 2010 9:04pm
Quoting malcolmb14
mag

from vsa standpoint gu been accumulated of 1.5980 all london and us... almost seems like a good move to come and that shake out in asia of eu suggests strength to come.

I am expecting a possible shake out on gu in frankie to 1.,5940 area..something to be on look out for

eu was an interesting one got taken right down to asia low of yesterday then bought ..

hey mal es is giving up a little lets see if we break 1160 today then all are going to hell we might have diner at 10 downing st.

fiber is doing great till now
  • #260,637
  • Oct 14, 2010 9:05pm Oct 14, 2010 9:05pm
Quoting malcolmb14
mag

from vsa standpoint gu been accumulated of 1.5980 all london and us... almost seems like a good move to come and that shake out in asia of eu suggests strength to come.

I am expecting a possible shake out on gu in frankie to 1.,5940 area..something to be on look out for

eu was an interesting one got taken right down to asia low of yesterday then bought ..
Seeing possible 1.5950 area, so, again mal, we in agreement. I am bull on the GBP and bears all the way on the EURO's...bout time for that mother to start correcting to a proportionate magnitude....

Will be a good run up or down, but I still think we Thrust to a higher highs...

Meh...no matter...trade like a Polish Sex Manual.

1. In.
2. Out.
Repeat if necessary.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,638
  • Oct 14, 2010 9:07pm Oct 14, 2010 9:07pm
Quoting zuya
Hello Guys...

i totally agree with sunsi.

i'm still bullish on this pair

do not get to one sided .. the break out in asia yesterday had no follow thru in london or us.. if this was a true breakout and pros expected higher prices it would have kept on trucking and the test of 1.6000 would have been bought like mad and it would be back at 1.6100 by now

check your daily you will see what I mean

Now in saying that there is evidence of buying at 1.5980.

The daily is a perfect cup ... now question is do we blast to 6400... or do we form a handle to 1.5800 / 1.5750 . In the mean time like magik I am enjoying the volatility , but on a 15 min chart , today the 15 clearly shoed buy 5980 tp 5610 , also 5980 was a point of control for today and formed support all day

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  • #260,639
  • Oct 14, 2010 9:08pm Oct 14, 2010 9:08pm
Quoting kill56
hey mal es is giving up a little lets see if we break 1160 today then all are going to hell we might have diner at 10 downing st.

fiber is doing great till now
I love trading es .. today was another easy day 10 points down to yesterdays opens , then 10 points back up .... hoorah for the auto traders they make my life simple.
Blogging daily now at www.volume.zone
  • #260,640
  • Oct 14, 2010 9:33pm Oct 14, 2010 9:33pm
Quoting Magix
Seeing possible 1.5950 area, so, again mal, we in agreement. I am bull on the GBP and bears all the way on the EURO's...bout time for that mother to start correcting to a proportionate magnitude....

Will be a good run up or down, but I still think we Thrust to a higher highs...

Meh...no matter...trade like a Polish Sex Manual.

1. In.
2. Out.
Repeat if necessary.



heh..,you say some thing disgusting, and i don't believe you could 'repeat' ..........
I will be the number one Manager.
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