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Cable Update (GBPUSD)

  • #265,661
  • Dec 1, 2010 4:49pm Dec 1, 2010 4:49pm
Quoting Magix
As much as I can appreciate what you are saying, without having an insight for what I am actually looking at or looking for, the relevance of your reply is completely lost.

I would think that if you had a look at the EJ chart and a 200 pip upside marker you'd have a better understanding of what I see.

During NY...On a trade like this, I am looking for a 200 pip score, in a traded range(ATR)....
Another example of the plays on crosses was on dragon...check out the range traded before the retrace. Spike down on MA cross against and continued trend. Playable range.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,662
  • Dec 1, 2010 5:01pm Dec 1, 2010 5:01pm
Quoting Magix
Another example of the plays on crosses was on dragon...check out the range traded before the retrace. Spike down on MA cross against and continued trend. Playable range.
What are your thoughts on GJ for tomorrow.
  • #265,663
  • Dec 1, 2010 5:13pm Dec 1, 2010 5:13pm
Quoting forextine
What are your thoughts on GJ for tomorrow.
They look a little like this my friend...

We came up to a pretty crucial trigger line and did a complete stop...My daily trigger line is a close above the green....from there I would fully expect to see another attempt at the daily 200EMA which is the yellow line...

I am still seeing a bearish H4 chart, even with the surge topside, but that is subject to correct into the rest of the week...We either continue on and trigger daily, or drop like a friggen stone from here. I prefer not to have a bias, but will watch how roll over is being obeyed into Thursdays London open.

I am still favoring the bull side of things on dragon, but will be interested to see who has the juice coming into NFP close of week.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,664
  • Dec 1, 2010 5:19pm Dec 1, 2010 5:19pm
Quoting Magix
They look a little like this my friend...

We came up to a pretty crucial trigger line and did a complete stop...My daily trigger line is a close above the green....from there I would fully expect to see another attempt at the daily 200EMA which is the yellow line...

I am still seeing a bearish H4 chart, even with the surge topside, but that is subject to correct into the rest of the week...We either continue on and trigger daily, or drop like a friggen stone from here....
Nice chart. I like GJ because it likes to drop, then retrace almost to highs, or vise versa. With that being said, I was looking at a target of 133. That'll be a good attempt at highs if it prefer to fail from there, that's fine with me, as long as I get out haha.
  • #265,665
  • Dec 1, 2010 5:54pm Dec 1, 2010 5:54pm
magix u are the man, some people might look at what your saying and they are like ok... they might not get it. one can only get it only if they have experienced the market.
  • #265,666
  • Dec 1, 2010 8:38pm Dec 1, 2010 8:38pm
I would like to think that the low of 1.5546 consolidates the trend upwards (the previous low of 1.5552 was only tentative and the break of the trend line made a great short). IMO it was great news for the PMI yesterday, lets see how it holds up.
  • #265,667
  • Dec 1, 2010 9:19pm Dec 1, 2010 9:19pm
there's anyone agree with me that this time is good for scalping !!!!

i'll go short @ 1.5630-35

and long @ 1.5555

what do you think guys?

  • #265,668
  • Dec 1, 2010 11:43pm Dec 1, 2010 11:43pm
Quoting bob_nofats
there's anyone agree with me that this time is good for scalping !!!!

i'll go short @ 1.5630-35

and long @ 1.5555

what do you think guys?

I believe it is a good time for scalping since market is ranging until the end of the week. I think
  • #265,669
  • Dec 2, 2010 12:50am Dec 2, 2010 12:50am
Quoting Robot
I believe it is a good time for scalping since market is ranging until the end of the week. I think
It's all about the timing....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,670
  • Dec 2, 2010 12:53am Dec 2, 2010 12:53am
Quoting Prince437
We are expecting further rise in the GBP current position. So our Opinion is to buy the pair for now to make some profit. We are suggesting some key points for this trading period of the GBP. keep in mind these key Read Full Story
Who "we"? Do you have multiple personality disorder or something?
  • #265,671
  • Dec 2, 2010 12:55am Dec 2, 2010 12:55am
Quoting chazzle
Who "we"? Do you have multiple personality disorder or something?
Carries a frog around in his pocket....for a second opinion.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,672
  • Dec 2, 2010 1:00am Dec 2, 2010 1:00am
Quoting Magix
Carries a frog around in his pocket....for a second opinion.
Ha Ha - or maybe its a Mad Max 3 scenario - He's a giant with a midget stuck to his head?..
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  • #265,673
  • Dec 2, 2010 1:11am Dec 2, 2010 1:11am
Quoting chazzle
Ha Ha - or maybe its a Mad Max 3 scenario - He's a giant with a midget stuck to his head?..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,674
  • Dec 2, 2010 1:25am Dec 2, 2010 1:25am
Frankie having a bit of trouble keeping this down at the mo....15650 the one to watch
  • #265,675
  • Dec 2, 2010 1:26am Dec 2, 2010 1:26am
H4
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  • #265,676
  • Dec 2, 2010 1:49am Dec 2, 2010 1:49am
23.6 fib here and also mid point of Pivot - R1 @ 1.5628

price trying hard to get over the line...
and has just snuck it's head above

Attached Image
  • #265,677
  • Dec 2, 2010 2:26am Dec 2, 2010 2:26am
Hi, I think it's time to look to go long. If price bounces of 1.5593 again I'm going to look to go long around that level. Hopefully we will see this happen soon.
  • #265,678
  • Dec 2, 2010 2:28am Dec 2, 2010 2:28am
Quoting fuse
Hi, I think it's time to look to go long. If price bounces of 1.5593 again I'm going to look to go long around that level. Hopefully we will see this happen soon.
Hey would ya look at that. I'm now long at 1.5595
  • #265,679
  • Dec 2, 2010 2:35am Dec 2, 2010 2:35am
G/M

Upside breech of the descending 1hr trend line more because chart moves to the right than anything else, but supply comes in again at the previous 1hr swing hi zone, the fall going down to the ascending trend line on same t/f.

Some Uk data later this London morning.

Near-term current 1hr screenshot below.

G/L

http://www.easy-upload.net/fichiers/z.201012293432.gif
ex member
  • #265,680
  • Dec 2, 2010 2:36am Dec 2, 2010 2:36am
price struggling to get back above the daily pivot
i have it at 1.56012
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