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Cable Update (GBPUSD)

  • #273,881
  • Mar 11, 2011 1:09am Mar 11, 2011 1:09am
Quoting fourxtrader
http://www.cnn.com/

An 8.8-magnitude earthquake has struck Japan, the U.S. Geological Survey says. Tsunami warnings have been issued.
http://news.yahoo.com/s/ap/20110311/...ina_earthquake
  • #273,882
  • Mar 11, 2011 1:18am Mar 11, 2011 1:18am
Quoting fourxtrader
http://news.yahoo.com/s/ap/20110311/...ina_earthquake
it is 5.8 magnitude....
oh my god! it is anyway a lot!
hope will be not a lot dead n injured......
90% of traders use TA, indicators and prediction
  • #273,883
  • Mar 11, 2011 1:28am Mar 11, 2011 1:28am
i see much more possible it closes today below opening price.
im thinkin to sell possible rallies up

later is news 9.30 gmt
let's see what happens
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #273,884
  • Mar 11, 2011 1:34am Mar 11, 2011 1:34am
Guys I think that short trend is about to finish, have a look at the H4 and daily trend.
Up trend has begin from 7 Jan and is continuing.
  • #273,885
  • Mar 11, 2011 2:37am Mar 11, 2011 2:37am
Quoting FXtime
Guys I think that short trend is about to finish, have a look at the H4 and daily trend.
Up trend has begin from 7 Jan and is continuing.
Indeed, i personally think if GU didn't close below 1.6 we'll be going up. PPI news in less an hour thou.
Make it rain baby
  • #273,886
  • Mar 11, 2011 3:18am Mar 11, 2011 3:18am
this is the chart i use to understand if price is in trend or in ranging etc...
i put all main sma 10-20-50-100-200
i add some times main ema 200 or 100 depends where we are

when trend keep going up, you see all sma in line going up.
when something wrong on the trend fast sma 10-20-30 cross main 50-100-200

now it is this case.
sma10 -20 crossed down all the others 50-100-200
price is completely below sma200 n ema200
ema 200 crossed down sma200

ok we are in h4 and all can happen
but sincerely, until i see price again stable above 6130 i think there is much more possible to find it near 5960

this is only a thinkin but if i compare to what is sayin all other indicators in slow TF, before going again up we need a lot of pushin by bulls!
and they are not comming yet!!

last chance of the week is in 14 minutes.
i stand on the side n wait.... money management
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #273,887
  • Mar 11, 2011 3:44am Mar 11, 2011 3:44am
maybe she will touch 1.599
I will be the number one Manager.
  • #273,888
  • Mar 11, 2011 3:46am Mar 11, 2011 3:46am
Quoting FxPlayboy
Indeed, i personally think if GU didn't close below 1.6 we'll be going up. PPI news in less an hour thou.
PPI lower than expected. Key leading indicator to CPI. This is what the BoE wanted to see and justifies them NOT raising interest rates this month. From a fundamental point of view, we are likely to see further falls.
  • #273,889
  • Mar 11, 2011 3:55am Mar 11, 2011 3:55am
looks like 1.5963 is a key level for today.

first,its daily resistance, also its 38.2 fibo from 1.5344 to 1.6340
Never again will fade the trend
  • #273,890
  • Mar 11, 2011 3:57am Mar 11, 2011 3:57am
Quoting swingfiddle
looks like 1.5963 is a key level for today.

first,its daily resistance, also its 38.2 fibo from 1.5344 to 1.6340
90% of traders use TA, indicators and prediction
  • #273,891
  • Mar 11, 2011 4:03am Mar 11, 2011 4:03am
Quoting swingfiddle
looks like 1.5963 is a key level for today.

first,its daily resistance, also its 38.2 fibo from 1.5344 to 1.6340
That's what I got on my chart too that I posted yesterday
http://www.forexfactory.com/showthre...95#post4461095

So I expect a bounce from here, but I do see 1.55 as a longer term target, especially if CPI and RPI figures are lower than expected.
  • #273,892
  • Mar 11, 2011 4:06am Mar 11, 2011 4:06am
Quoting FXtime
Guys I think that short trend is about to finish, have a look at the H4 and daily trend.
Up trend has begin from 7 Jan and is continuing.
Price has never crossed down the red 144 ema on H4 since Jan 11, until she did YESTERDAY.

Hope this will clear our bias for a while.
.
Attached Image (click to enlarge)
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  • #273,893
  • Mar 11, 2011 4:13am Mar 11, 2011 4:13am
we are the best
90% of traders use TA, indicators and prediction
  • #273,894
  • Mar 11, 2011 4:15am Mar 11, 2011 4:15am
Guys n gals

sell, sell, sell !

Keep trade open for a few days if u can.......
  • #273,895
  • Mar 11, 2011 4:20am Mar 11, 2011 4:20am
in forexlive i read before somedays that china is protecting the aerea 1.6300-1.5900 roughly because if the price goes out of that range they will lose some kind of game called exotic options.
but things start to look very positive for dollar.and the chinese guys may lose their battle...who knows...
Never again will fade the trend
  • #273,896
  • Mar 11, 2011 4:22am Mar 11, 2011 4:22am
Quoting whatfx
Guys n gals

sell, sell, sell !

Keep trade open for a few days if u can.......
entry, stops n tgts?
we are in buy area here until above 5960.... why sell now?
90% of traders use TA, indicators and prediction
  • #273,897
  • Mar 11, 2011 4:23am Mar 11, 2011 4:23am
Quoting bbakker
Professional traders that work for banks and institutions don't use stop losses.

I used a 7 pip SL on EURJPY last night and woke up to be 70 pips in profit. My entry was 115.23 and my SL was 115.30. Foolish?

Whatever floats your boat!
Hi bbaker,
Are you still shorting EJ? My short on GJ running +110 pips.

News: YEN APPRECIATES AS RISK AVERSION TAKES OVER.
  • #273,898
  • Mar 11, 2011 4:26am Mar 11, 2011 4:26am
Quoting gsantri
I know this is not a trading system thread, but what I got from here I will try to share here as well.

I like to play with Dr.D's compression patterns. I see it as the analogy of a family, father mother and children. I assume the red (144) is the father, green (126) is mother and others are children. If the position of 'green mother' is under the 'red father' then the kids would play with price (PA) to the ground floor (downtrend). Then when the kids find something interesting (for example, wanted to buy ice cream) they will come back to ask for...
GS.... you are wonderful
All systems of divination, like music itself,work through patterns.
  • #273,899
  • Mar 11, 2011 4:33am Mar 11, 2011 4:33am
Quoting gsantri
Hi bbaker,
Are you still shorting EJ? My short on GJ running +110 pips.

News: YEN APPRECIATES AS RISK AVERSION TAKES OVER.
Ching, ching!

108 is possible long-term target. If you look at your weekly charts, I see this pair in a range! Obviously scale some of your position out before the final target! GL
  • #273,900
  • Mar 11, 2011 4:36am Mar 11, 2011 4:36am
Quoting swingfiddle
in forexlive i read before somedays that china is protecting the aerea 1.6300-1.5900 roughly because if the price goes out of that range they will lose some kind of game called exotic options.
But things start to look very positive for dollar.and the chinese guys may lose their battle...who knows...
'who knows', is a phrase i use very often.
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