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Cable Update (GBPUSD)

  • #275,661
  • Apr 7, 2011 6:15am Apr 7, 2011 6:15am
Good day to you,

If lower is the plan, price should gain momentum once stops under 1.6300 are triggered. 1.6300 will be defended first, but if it goes..... acceleration. Downward moves are normally faster by nature.

Will see...
  • #275,662
  • Apr 7, 2011 6:19am Apr 7, 2011 6:19am
the way it is moving, it is not downtrend, market palyers are showing it as a bearish move, soon you will see it is exploding on the top.
  • #275,663
  • Apr 7, 2011 6:21am Apr 7, 2011 6:21am
no rise no rise
I will be the number one Manager.
  • #275,664
  • Apr 7, 2011 6:21am Apr 7, 2011 6:21am
Quoting mdrive
the way it is moving, it is not downtrend, market palyers are showing it as a bearish move, soon you will see it is exploding on the top.
..."exploding on the top"..... meaning?? going which way?
  • #275,665
  • Apr 7, 2011 6:23am Apr 7, 2011 6:23am
Quoting bbakker
hopping on one leg

English is not your first language, so apologies for the jibe.

Hope -> hoping, hop -> hopping, as in I am hopping mad!

No dramatic drop because every man and his bloody dog knew what the BoE were going to do.

It will come down... It will bounce again around 1.6250-75 and maybe follow through. The ECB rate decision might also help GU.

The MoM released on the 20th will bring a bigger reaction as we will see if more members of the MPC have voted for a rate increase.
yeah I will be now hoPPing definitely nto ask why but have short open @ .6200

so I'm looking at few weeks hold right?
  • #275,666
  • Apr 7, 2011 6:23am Apr 7, 2011 6:23am
Quoting mdrive
the way it is moving, it is not downtrend, market palyers are showing it as a bearish move, soon you will see it is exploding on the top.
What do you base that on? Not that I (dis)agree, but I'm always up for learning and finding out how other people think
  • #275,667
  • Apr 7, 2011 6:27am Apr 7, 2011 6:27am
Quoting Mautje
What do you base that on? Not that I (dis)agree, but I'm always up for learning and finding out how other people think
based on obeservation, and some training. if they want to offload their position, they will do it in a huge drop. they are buying more at low price. you and me dont move the market at all.
  • #275,668
  • Apr 7, 2011 6:42am Apr 7, 2011 6:42am
Went short 16309. Exit 16298 ...London open. Reason..Dixy is showing no sign of breaking topside resistance and Cable is currently in strong mirror correlation....has been all morning.
Also i cant be bothered with this PA.. will try short again if price closes clear below LO on M5 and holds.
As Wormie said earlier...better off giving your money to the poor.
All systems of divination, like music itself,work through patterns.
  • #275,669
  • Apr 7, 2011 6:42am Apr 7, 2011 6:42am
Bear or bull loading?
  • #275,670
  • Apr 7, 2011 6:45am Apr 7, 2011 6:45am
Quoting mdrive
based on obeservation, and some training. if they want to offload their position, they will do it in a huge drop. they are buying more at low price. you and me dont move the market at all.
Actually I do not think that someone could move the price to his favour at all even those big guys, big traders and banks only doing their homework in studying the market very well and following the fund/tech analysis just like retail traders and we only see their big moves because of positions in billions.
  • #275,671
  • Apr 7, 2011 6:45am Apr 7, 2011 6:45am
Good day to you,

Chart . See levels.

Regards
Attached Image (click to enlarge)
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  • #275,672
  • Apr 7, 2011 6:56am Apr 7, 2011 6:56am
Quoting FXtime
Actually I do not think that someone could move the price to his favour at all even those big guys, big traders and banks only doing their homework in studying the market very well and following the fund/tech analysis just like retail traders and we only see their big moves because of positions in billions.
Big player dieal with 15 to 20 k lot size, they make money when retail traders stop and hit or retail traders close their position with loss and they buy and lower level or sell at higher level.
you need to know the market dynamics and how it is being operated.
  • #275,673
  • Edited 7:16am Apr 7, 2011 7:02am | Edited 7:16am
Like the look of the candles but its stiil boucing of LO and the 50% as Tau has pointed out . Thanks Tau....
Dixy now starting to go for Daily Roll....increased volatility B4 news in 15 ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (DFB).png Size: 6 KB
Click to Enlarge Name: US Dollar Basket (JUN-11).png Size: 12 KB
All systems of divination, like music itself,work through patterns.
  • #275,674
  • Apr 7, 2011 7:09am Apr 7, 2011 7:09am
Quoting mdrive
Big player dieal with 15 to 20 k lot size, they make money when retail traders stop and hit or retail traders close their position with loss and they buy and lower level or sell at higher level.
you need to know the market dynamics and how it is being operated.
Where do you get this knowledge to learn the market dynamics and how it is operated.
I am a forex hermit.

Thnx
  • #275,675
  • Apr 7, 2011 7:12am Apr 7, 2011 7:12am
Quoting at2au
Where do you get this knowledge to learn the market dynamics and how it is operated.
I am a forex hermit.

Thnx
you can take professional training in forex trading, then you can learn so many things that we as a retail trader has complete wrong understanding of the market.
  • #275,676
  • Apr 7, 2011 7:17am Apr 7, 2011 7:17am
Quoting kaspopsicle
Like the look of the candles but its stiil boucing of LO and the 50% as Tau has pointed out . Thanks Tau....
Dixy now starting to go for Daily Roll.
.
  • #275,677
  • Apr 7, 2011 7:20am Apr 7, 2011 7:20am
Quoting FXtime
Actually I do not think that someone could move the price to his favour at all even those big guys, big traders and banks only doing their homework in studying the market very well and following the fund/tech analysis just like retail traders and we only see their big moves because of positions in billions.
Actually, they do it all the time. Simple proof: 90+% loosers. Should the market be driven just by fundamentals and bid/ask forces, winners' rate would follow more or less normal distribution.

And with such a leverage as exists in forex, moving prices is not something quite impossible...
  • #275,678
  • Apr 7, 2011 7:24am Apr 7, 2011 7:24am
Quoting mdrive
you can take professional training in forex trading, then you can learn so many things that we as a retail trader has complete wrong understanding of the market.
Be so kind to post the "take professional training in forex trading" University for me.
Like to contact them
I trade almost naked the Bakkers way
Like to learn more like you did.

Thnx
  • #275,679
  • Apr 7, 2011 7:27am Apr 7, 2011 7:27am
Quoting TauTrader
Good day to you,

Chart . See levels.

Regards

on my chart ,the 1.6325 will be the first resistance .
A chart helps those who can read it.
  • #275,680
  • Apr 7, 2011 7:28am Apr 7, 2011 7:28am
Confusing status... up or down, God knows.
Believe what you see instead of what you think!
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