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Cable Update (GBPUSD)

  • #297,261
  • Jan 10, 2012 2:22pm Jan 10, 2012 2:22pm
Quoting Faller
And if they don't raise the debt ceiling.....or prolong the increase of the debt ceiling.....remember what happened in July this past summer.....

check out the link

http://thehill.com/homenews/administ...matter-of-days

Cheers,

Faller

what happened just incase i have different idea?
  • #297,262
  • Jan 10, 2012 2:38pm Jan 10, 2012 2:38pm
i reloaded short 5484
4 pips below previous one.

'ABC' says: short in/near supply until unbroken and long in/near demand until broken.

5484 i have enough reasons to think on downside probable in next hours.
could be 15 pips or 150 or more.
if i got it wrong hopefully this level will be revisited before my 30-40pips SL
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90% of traders use TA, indicators and prediction
  • #297,263
  • Jan 10, 2012 2:44pm Jan 10, 2012 2:44pm
Quoting nAVIN2007
what happened just incase i have different idea?

us dollar sank big time......therefore other currency rose.

look at the charts form middle of july this past summer.
I don't trust any move - when you have profit...take it.
  • #297,264
  • Jan 10, 2012 2:52pm Jan 10, 2012 2:52pm
1hr 100SMA doing a very good job of containing this uptrend (for now)
Come with me if you want to live....
  • #297,265
  • Jan 10, 2012 3:01pm Jan 10, 2012 3:01pm
Quoting Ill-b-back
1hr 100SMA doing a very good job of containing this uptrend (for now)
yes.
actually i used few times the 100 sma but looking at it, it is very steep down.
price will have some troubles to cross and close above it.
hopefully this can be a reason for me to be able soon to move stops @be in my short.
sincerely im scared of this short but... lol, who knows?!
90% of traders use TA, indicators and prediction
  • #297,266
  • Jan 10, 2012 3:03pm Jan 10, 2012 3:03pm
Quoting Faller
us dollar sank big time......therefore other currency rose.

look at the charts form middle of july this past summer.
will be interesting..
  • #297,267
  • Jan 10, 2012 3:10pm Jan 10, 2012 3:10pm
Quoting _BBKing_
yes.
actually i used few times the 100 sma but looking at it, it is very steep down.
price will have some troubles to cross and close above it.
hopefully this can be a reason for me to be able soon to move stops @be in my short.
sincerely im scared of this short but... lol, who knows?!
To be honest BB I fear the flat one more than the steep one. Price is not bouncing lower from it very convincingly. Personally, I am looking for a bullish break and retest of it but will know more when I get back to computer after work.
Come with me if you want to live....
  • #297,268
  • Jan 10, 2012 3:14pm Jan 10, 2012 3:14pm
Quoting Ill-b-back
To be honest BB I fear the flat one more than the steep one. Price is not bouncing lower from it very convincingly. Personally, I am looking for a bullish break and retest of it but will know more when I get back to computer after work.
Meaning I would fear being below the flat one with my current bullish sentiment
Come with me if you want to live....
  • #297,269
  • Edited 3:50pm Jan 10, 2012 3:24pm | Edited 3:50pm
hey guys, i'll be posting some trading ideas using Supply and Demand concept, for me is the best way of trading so,

Red lines: Targets
Purple Lines: Stop Loss

1st possible scenario: Break down, and continue until lower red line SL:1.5524 TP:1.5389
2nd possible scenario: Break up, and continue until upper red line SL:1.5412 TP:1.5547

tf: 5 M

Possible Bias: Bearish.

Note: Using correlated markets, if GBPUSD breaks up then, xauusd, eurusd,audusd bullish, usdchf bearish and viceversa,

wait for the break confirmation,


enjoy,
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  • #297,270
  • Jan 10, 2012 3:29pm Jan 10, 2012 3:29pm
Quoting _BBKing_
yes.
actually i used few times the 100 sma but looking at it, it is very steep down.
price will have some troubles to cross and close above it.
hopefully this can be a reason for me to be able soon to move stops @be in my short.
sincerely im scared of this short but... lol, who knows?!
I look at fxstreet.com charts when away from computer. Interesting MA combinations. If you click on the chart, you can then choose a time frame to look at.
Come with me if you want to live....
  • #297,271
  • Jan 10, 2012 3:49pm Jan 10, 2012 3:49pm
Quoting smikester
Complete nonsense.
why is that? the correlation? or the trading idea?
  • #297,272
  • Jan 10, 2012 3:51pm Jan 10, 2012 3:51pm
sorry typing error*** gbpusd, audusd, xauusd, eurusd BULLISH, USDCHF Bearish, my mistake ...
  • #297,273
  • Jan 10, 2012 3:53pm Jan 10, 2012 3:53pm
Quoting smikester
Complete nonsense.
Why on earth would other cable pairs go south if GBPUSD goes north? HOW on earth can USDCHF correlate with GBPUSD???
Come with me if you want to live....
  • #297,274
  • Jan 10, 2012 3:54pm Jan 10, 2012 3:54pm
Quoting gino32
sorry typing error*** gbpusd, audusd, xauusd, eurusd BULLISH, USDCHF Bearish, my mistake ...
Ah, ha...
Come with me if you want to live....
  • #297,275
  • Jan 10, 2012 4:00pm Jan 10, 2012 4:00pm
correlation table:

Blue: Correlation is low but you can make some profit
Red: Negative Correlation
Green: + Correlation
Attached Image (click to enlarge)
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  • #297,276
  • Jan 10, 2012 4:04pm Jan 10, 2012 4:04pm
idk about a long outlook on this guys. I still see bearish sentiment coming from gbp index.

All of my gbp pair shorts are doing very well minus gbpusd since usd dropped today. I'm still short GU for now
  • #297,277
  • Jan 10, 2012 4:10pm Jan 10, 2012 4:10pm
Quoting Takisd
I think we will find lower levels tested again before any trend change. There is too much need to sell in the market. The offers are lower than expected, and the buyers are already all in. 1 surge of sellers and stops are gone. The market is way overbought right now. Entering short with very low margin and just holding it, could land you 300 pips in the long run.(providing you can handle about 100 up max).

NFP will be the deal breaker, and FOMC should move the market also. As the market has been priced at a interest rate decrease. Due to early...
same as I've been saying since yesterday, Just checked the daily outlook on dailyfx and usd is expected to remain bullish after a slight correction today. So unless there is a freakish movement in price the gbpusd remains bearish
  • #297,278
  • Jan 10, 2012 4:18pm Jan 10, 2012 4:18pm
Quoting Dyekid217
same as I've been saying since yesterday, Just checked the daily outlook on dailyfx and usd is expected to remain bullish after a slight correction today. So unless there is a freakish movement in price the gbpusd remains bearish
When was that takis quote posted?
Gone to a better place
  • #297,279
  • Jan 10, 2012 4:23pm Jan 10, 2012 4:23pm
Quoting Dyekid217
same as I've been saying since yesterday, Just checked the daily outlook on dailyfx and usd is expected to remain bullish after a slight correction today. So unless there is a freakish movement in price the gbpusd remains bearish
Although i agree about the bearish sentiment driving consensus i am still concerned that were struggling to move down at all for the last several hours.

Still holding my short from 1.5490 with fingers and toes crossed...
Money never sleeps...
  • #297,280
  • Jan 10, 2012 4:33pm Jan 10, 2012 4:33pm
same.. this is the only gbp pair that is not doing good today. Mostly because of the drop in the usd, but the usd is looking to rally even higher after a soft resistance was met.
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