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Cable Update (GBPUSD)

  • #293,801
  • Edited 2:49am Dec 2, 2011 2:34am | Edited 2:49am
Quoting nAVIN2007
yeah in a nutshell yur right

dailly is bearish but it can easily make a trendline to bounce up on..euro is also in a bull flag along with GU, all depend on US figures
hey mate hope all is well.

not seeing it yet. my daily ended on indecision yesterday and we're right on the SR line today at the DPP. (chart posted earlier) It could be consolidating before it goes for 5900. Until the Daily LTL hasn't been breached 5630 area, PA looks bullish to me.

I wanted to add, for Intraday 5800 R2 is a decent upside target. Depending on NFP we may or may not see 5900 today. We first would need to take out the 5800 resistance barrier.


.
  • #293,802
  • Dec 2, 2011 2:51am Dec 2, 2011 2:51am
Quoting Fudomyo
hey mate hope all is well.

not seeing it yet. my daily ended on indecision yesterday and we're right on the SR line today at the DPP. (chart posted earlier) It could be consolidating before it goes for 5900. Until the Daily LTL hasn't been breached 5630 area, PA looks bullish to me.

I wanted to add, for Intraday 5800 R2 is a decent upside target. Depending on NFP we may or may not see 5900 today. We first would need to take out the 5800 resistance barrier.


.
im ok bro..in this long term trade..yes i agree first problem is weekly high..not sure if this will go myself..hope u well too?

will the monthly trendline hold?????
I guessing stop will be above 1.65 for the shorts i expect a run for these..extreme breakout retest is around 1.7 possibility (see meh chart..lol) where the arrows are
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  • #293,803
  • Dec 2, 2011 2:55am Dec 2, 2011 2:55am
breakout (red) triangle for lower TF SR test.
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  • #293,804
  • Dec 2, 2011 2:59am Dec 2, 2011 2:59am
Uk data at 0930...or is this one of those 0928 to subscribers ones? anyways coming up to the 1hr close 5min shows the current near-term demand/supply

G/L
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ex member
  • #293,805
  • Dec 2, 2011 3:10am Dec 2, 2011 3:10am
Quoting nAVIN2007
im ok bro..in this long term trade..yes i agree first problem is weekly high..not sure if this will go myself..hope u well too?

will the monthly trendline hold?????
I guessing stop will be above 1.65 for the shorts i expect a run for these..extreme breakout retest is around 1.7 possibility (see meh chart..lol)
As long as weekly closes above 5700 all is good. It doesn't need a new high in my book. My weekly has a double bottom with a marubozu which is always encouraging. Of course a close above 5800 would be ideal. 6500 is atmospheric for me still, 6200 area is my Monthly descending TL but there's a lot of stiff resistance on the Weekly 1600 area to deal with first.

One step at a time.
  • #293,806
  • Dec 2, 2011 3:21am Dec 2, 2011 3:21am
but the current weekly candle is not a marubozu, a marubozu close top was formed 2 1/2 weeks ago... and there is no double bottom on the weekly- 1.5347 area is double bottom...
  • #293,807
  • Dec 2, 2011 3:25am Dec 2, 2011 3:25am
Quoting bbmac
Uk data at 0930...or is this one of those 0928 to subscribers ones? anyways coming up to the 1hr close 5min shows the current near-term demand/supply

G/L
9:14 lol
  • #293,808
  • Dec 2, 2011 3:29am Dec 2, 2011 3:29am
Quoting nAVIN2007
for sure
weekly chart w/ marubozu opening bottom, (for anyone who doesn't know what a marubozu looks like)
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  • #293,809
  • Dec 2, 2011 3:32am Dec 2, 2011 3:32am
Quoting Fudomyo
weekly chart w/ marubozu bottom

yes good sign also pin to the left is holding..adding a bit of confluence
  • #293,810
  • Dec 2, 2011 3:33am Dec 2, 2011 3:33am
nope, and correct terminology is "marubozu close bottom"



Quoting Fudomyo
weekly chart w/ marubozu opening bottom, for anyone who doesn't know what a marubozu looks like .... lol
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  • #293,811
  • Dec 2, 2011 3:35am Dec 2, 2011 3:35am
Quoting cloggie
Did I hear someone calling for me???????
just in time
  • #293,812
  • Dec 2, 2011 3:35am Dec 2, 2011 3:35am
Quoting Fudomyo
here's what I'm currently looking at, with levels of interest. haven't posted in a while so I'm including my prior chart with an update.

cheers
Hi Fudomyo and thanks for dropping in.
Gone to a better place
  • #293,813
  • Dec 2, 2011 3:36am Dec 2, 2011 3:36am
Quoting SystemFX2011
nope, and correct terminology is "marubozu close bottom"
mate, my broker is just fine. perhaps you shouldn't be relying on market maker demo MT4 for your market data.
  • #293,814
  • Dec 2, 2011 3:36am Dec 2, 2011 3:36am
Quoting Fudomyo
just in time

Long time no see, how's the family?
  • #293,815
  • Dec 2, 2011 3:39am Dec 2, 2011 3:39am
LOL... my data comes directly from the Bank!

Quoting Fudomyo
mate, my broker is just fine. perhaps you shouldn't be relying on market maker demo MT4 for your market data.
  • #293,816
  • Dec 2, 2011 3:40am Dec 2, 2011 3:40am
and there was me thinking a muppet was a cute furry little puppet (s) from the states, - that made 100's of millions for their creator...

G/L

Quoting SystemFX2011
Nope, not at all, I've been using the word "muppet" since I was around 8yrs old...

Just because Cloggie uses it, doesn't mean he came up with the word!

A muppet is someone who don't know what they are doing/talking about.
ex member
  • #293,817
  • Dec 2, 2011 3:43am Dec 2, 2011 3:43am
A muppet used in this sense is a patronising term people with inflated egos use to bash people over the head on internet forums.

Cloggie can pull it off as he uses it to address people who ask stupid/lazy questions.
Anything can happen.
  • #293,818
  • Dec 2, 2011 3:45am Dec 2, 2011 3:45am
Quoting ddinnov
Cloggie can pull it off as he uses it to address people who ask stupid/lazy questions.
it's also address when people say something that it's not, claiming something that its a double bottom when its clearly not on a weekly, and the terminology is wrong..
  • #293,819
  • Dec 2, 2011 3:45am Dec 2, 2011 3:45am
Quoting cloggie
Long time no see, how's the family?
Cheers mate, we're doing well now. thanks for asking.

I hope all is good with you and yours.
  • #293,820
  • Dec 2, 2011 3:47am Dec 2, 2011 3:47am
Quoting cloggie
Did I hear someone calling for me???????
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