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Cable Update (GBPUSD)

  • #290,021
  • Oct 4, 2011 11:04am Oct 4, 2011 11:04am
Quoting fontu
eu M30 tf with 100ma top making the little turmoil with usdx up ,eu down & gu also but seems very temporary , watching & tp gold around 1604/00 & bounce some may change things , resume them .
waiting .
fontu
yep, for the moment it's just a nice intraday move. first we need to take 5500, and then 5720 MP for a daily reversal.
  • #290,022
  • Oct 4, 2011 11:32am Oct 4, 2011 11:32am
Quoting Fudomyo
yep, for the moment it's just a nice intraday move. first we need to take 5500, and then 5720 MP for a daily reversal.
usdx m30tf 100ma also trying halt for some time , should be all temprary .so waiting see gu breaks 5419 , then 5464 to confirm the up start .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usd19.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,023
  • Oct 4, 2011 11:34am Oct 4, 2011 11:34am
Quoting posterboy
BUt i must ask how do u justify that


5500
For intraday, it's round number closest to the DPP (if we take out 5430).

We're trading well below that, so it's just a pull back for now.

Depending how the daily candle closes (above 5430 would be encouraging for longs) it could put a 5570 test back on the table. that's the deciding line for weekly direction. All eyes are going to be on Thursday's ECB announcement and US unemployment claims, so we'll probably position for it tomorrow.
  • #290,024
  • Oct 4, 2011 11:36am Oct 4, 2011 11:36am
Quoting iqyu5an
H1
i agree bro.
only 1 thing: need a consolidation before. im planning to see 55 area end of the week

im interested to search buys in 53 area and near 5260-70 if loose the 5330

90% of traders use TA, indicators and prediction
  • #290,025
  • Oct 4, 2011 11:37am Oct 4, 2011 11:37am
Quoting Fudomyo
For intraday, it's round number closest to the DPP (if we take out 5430).

We're trading well below that, so it's just a pull back for now.

Depending how the daily candle closes (above 5430 would be encouraging for longs) it could put a 5570 test back on the table. that's the deciding line for weekly direction. All eyes are going to be on Thursday's ECB announcement and US unemployment claims, so we'll probably position for it tomorrow.
90% of traders use TA, indicators and prediction
  • #290,026
  • Oct 4, 2011 11:38am Oct 4, 2011 11:38am
Quoting Fudomyo
For intraday, it's round number closest to the DPP (if we take out 5430).

We're trading well below that, so it's just a pull back for now.

Depending how the daily candle closes (above 5430 would be encouraging for longs) it could put a 5570 test back on the table. that's the deciding line for weekly direction. All eyes are going to be on Thursday's ECB announcement and US unemployment claims, so we'll probably position for it tomorrow.

1.59 is likely to be tested at some stage..we had last quarter a quarterly pin..hence the down move which i didnt think would trigger..if we bounce here that would be quite bullish especailly if 1.59 held as support..but doubtfull
  • #290,027
  • Oct 4, 2011 11:43am Oct 4, 2011 11:43am
Quoting fontu
usdx m30tf 100ma also trying halt for some time , should be all temprary .so waiting see gu breaks 5419 , then 5464 to confirm the up start .
fontu
let's see. USDX we already tested the 4H channel high. as long as 78.85 holds you may be right.

older chart, but levels still valid.
Attached Image (click to enlarge)
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  • #290,028
  • Oct 4, 2011 11:46am Oct 4, 2011 11:46am
Bears are covering their shorts and taking some profits.
If Dow rallies into the close, it is hopeful for you guys long this pair.
Short term.
  • #290,029
  • Oct 4, 2011 11:56am Oct 4, 2011 11:56am
Go on Ben, fire up those printing presses again!
  • #290,030
  • Oct 4, 2011 11:57am Oct 4, 2011 11:57am
Oooh, i love that tingly feeling ...20ema coming up to 200ema
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (DFB).png Size: 9 KB
All systems of divination, like music itself,work through patterns.
  • #290,031
  • Oct 4, 2011 12:06pm Oct 4, 2011 12:06pm
Quoting nAVIN2007
1.59 is likely to be tested at some stage..we had last quarter a quarterly pin..hence the down move which i didnt think would trigger..if we bounce here that would be quite bullish especailly if 1.59 held as support..but doubtfull
well, we need to take out 5600 which is the yearly doji center before thinking about 5900. as long as 5300 holds it's not impossible. under 5300 we're looking at 5000 monthly LTL and under that 4789 next. but 5300 is not going down without a major fight.

lots of good trades to be had between these levels in the meantime.


Quoting kaspopsicle
Oooh, i love that tingly feeling ...20ema coming up to 200ema
hey kas

lol... it's definitely hotting up.
  • #290,032
  • Oct 4, 2011 12:10pm Oct 4, 2011 12:10pm
Quoting Fudomyo
well, we need to take out 5600 which is the yearly doji center before thinking about 5900. as long as 5300 holds it's not impossible. under 5300 we're looking at 5000 monthly LTL and under that 4789 next. but 5300 is not going down without a major fight.

lots of good trades to be had between these levels in the meantime.
well said....
  • #290,033
  • Oct 4, 2011 12:11pm Oct 4, 2011 12:11pm
Quoting Fudomyo
well, we need to take out 5600 which is the yearly doji center before thinking about 5900. as long as 5300 holds it's not impossible. under 5300 we're looking at 5000 monthly LTL and under that 4789 next. but 5300 is not going down without a major fight.

lots of good trades to be had between these levels in the meantime.

i agree
  • #290,034
  • Oct 4, 2011 12:26pm Oct 4, 2011 12:26pm
Well if you look at PA on the 4H chart G/U you will notice that a double bottom is forming . So I speculate that the bulls are going to come out and play
X-man the legendary conqueror of markets
  • #290,035
  • Oct 4, 2011 12:28pm Oct 4, 2011 12:28pm
bear ............tired ?
Quoting _BBKing_
i agree bro.
only 1 thing: need a consolidation before. im planning to see 55 area end of the week

im interested to search buys in 53 area and near 5260-70 if loose the 5330

Attached Image (click to enlarge)
Click to Enlarge Name: h4 mlm.gif Size: 15 KB
not euphoria follower
  • #290,036
  • Oct 4, 2011 12:46pm Oct 4, 2011 12:46pm
Quoting X-Man
Well if you look at PA on the 4H chart G/U you will notice that a double bottom is forming . So I speculate that the bulls are going to come out and play
Thank you. My demand level was spot on ( posted much earlier) My bottom, i have to admit , is a little higher at 378.
All systems of divination, like music itself,work through patterns.
  • #290,037
  • Oct 4, 2011 12:57pm Oct 4, 2011 12:57pm
..
Attached Image (click to enlarge)
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  • #290,038
  • Oct 4, 2011 1:14pm Oct 4, 2011 1:14pm
Hi Kas, good to see you again here..


Quoting kaspopsicle
Thank you. My demand level was spot on ( posted much earlier) My bottom, i have to admit , is a little higher at 378.
  • #290,039
  • Oct 4, 2011 1:15pm Oct 4, 2011 1:15pm
Quoting gsantri
Hi Kas, good to see you again here..




thank the gods someone understands my sense of humour..X
All systems of divination, like music itself,work through patterns.
  • #290,040
  • Oct 4, 2011 1:27pm Oct 4, 2011 1:27pm
Quoting kaspopsicle
thank the gods someone understands my sense of humour..X
between 'tingling and the bottom haha.. you cracked me.

I'm going off its very late here.
Thanks Kas and trade well
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