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Cable Update (GBPUSD)

  • #301,441
  • Feb 25, 2012 6:40am Feb 25, 2012 6:40am
Quoting Ill-b-back
Yeah love six nations, just wish I had foxtel. I played Prop forward so was always a bit slow.
Ok, I like a challenge, here are some charts (just jokes, just got home).
Ha ha can't do driving and charting just yet bro, but if I have a few more weeks like this last one, maybe I can afford an assistant to do it for me
Anyway, below are my daily, weekly and monthly charts showing the 55ema. We have strong rejection from the daily and closed above the weekly. Monthly will be a road block for sure but it is flattening out. It is only 1 ema among...
Off to bed now, wife is getting annoyed.
Come with me if you want to live....
  • #301,442
  • Edited 7:16am Feb 25, 2012 6:43am | Edited 7:16am
Quoting bbakker
I agree, but how about a pop up to 1.60ish, after all we are not that far away from it right into that supply with that bearish engulfing on the weekly chart creating a bull trap and bam down we go?
So in effect we get a bear trap first as people are shorting from here... it pops up, people reverse, creates the bull trap and then wam bam, thank you mam! Mr Market has just taken the novice retailers to the cleaners on both occassions.

Just an idea... and it is what I would do if I was a market player/institution.

The daily/weekly charts are perfectly setup for these traps and you know how this bitch likes to trap!
  • #301,443
  • Feb 25, 2012 6:44am Feb 25, 2012 6:44am
Quoting AllyB
Howdy ... i'm thinking this up move here is sure helping your position or did you close out? this pair has eaten my lunch lately so staying away

im still in..sweet
trying not to be bothered but i still see 1.65 pound to me is doing rather well..euro is also looking like its got some legs
  • #301,444
  • Feb 25, 2012 6:47am Feb 25, 2012 6:47am
Quoting nAVIN2007
im still in..sweet
trying not to be bothered but i still see 1.65 pound to me is doing rather well..euro is also looking like its got some legs
Until the elections in Greece in April. Watch out for those opinion polls as the market begin to realise that the far right and far left will stick their finger up at troika. They are both gaining serious support as the Greek people are fed up with the current coalition government and the ever increasing austerity measures.
  • #301,445
  • Feb 25, 2012 6:50am Feb 25, 2012 6:50am
Quoting Ill-b-back
Hey Smikester sorry I am driving home from the football (rugby union). Our state team (new south wales) were in front of Queensland with 30 seconds to go, all we had to do was hold onto the ball and the game was ours. But our dickhead of a winger decides to kick the ball Queensland catch the ball and run 80 meters to score just as the full time siren goes. What an arsehole, I hope they drop him (and fine him) for being such a loser) dickhead!!! Sorry, no hidden divergence (see above) I just don't think straight sometimes that's all, sorry...
What a muppet! I see England getting stuffed by Wales
  • #301,446
  • Feb 25, 2012 6:50am Feb 25, 2012 6:50am
Quoting nAVIN2007
im still in..sweet
trying not to be bothered but i still see 1.65 pound to me is doing rather well..euro is also looking like its got some legs
good to hear all is well ... doing mainly EU dustbins in this PA and really need to figure out how to adjust them to fit the beat of cable too. i miss this pair

is 1.65 your target then?
  • #301,447
  • Feb 25, 2012 6:57am Feb 25, 2012 6:57am
Quoting AllyB
good to hear all is well ... doing mainly EU dustbins in this PA and really need to figure out how to adjust them to fit the beat of cable too. i miss this pair

is 1.65 your target then?

yes..if 1.62 is reached then i think i more than fine in this trade..that to me is confirmation i possibly have lost the plot..lol

this is the quarterly chart..hopefully it show u why i have my target (be lucky)
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 15 KB
  • #301,448
  • Feb 25, 2012 6:58am Feb 25, 2012 6:58am
Quoting bbakker
What a muppet! I see England getting stuffed by Wales
He he, I like the Welsh, lots of hard work and potential. Sorry bb I see you are English. I really wish the Frogs had beaten the Kiwis on their home turf in the WC final, that would have made my year
Come with me if you want to live....
  • #301,449
  • Feb 25, 2012 7:00am Feb 25, 2012 7:00am
Quoting bbakker
Until the elections in Greece in April. Watch out for those opinion polls as the market begin to realise that the far right and far left will stick their finger up at troika. They are both gaining serious support as the Greek people are fed up with the current coalition government and the ever increasing austerity measures.

  • #301,450
  • Feb 25, 2012 7:02am Feb 25, 2012 7:02am
Quoting Ill-b-back
He he, I like the Welsh, lots of hard work and potential. Sorry bb I see you are English. I really wish the Frogs had beaten the Kiwis on their home turf in the WC final, that would have made my year
Wrong there my friend. I am Dutch but I have lived in the UK for 30 years now. I support whoever is winning...

England, Ireland, Italy, Wales, Scotland, France is the order in which I support them. As for you southern hemisphere guys, you come way down the list
  • #301,451
  • Feb 25, 2012 7:06am Feb 25, 2012 7:06am
Quoting bbakker
Wrong there my friend. I am Dutch but I have lived in the UK for 30 years now. I support whoever is winning...

England, Ireland, Italy, Wales, Scotland, France is the order in which I support them. As for you southern hemisphere guys, you come way down the list
  • #301,452
  • Feb 25, 2012 7:08am Feb 25, 2012 7:08am
Quoting nAVIN2007
yes..if 1.62 is reached then i think i more than fine in this trade..that to me is confirmation i possibly have lost the plot..lol

this is the quarterly chart..hopefully it show u why i have my target (be lucky)
6543 sure looks like it's calling your name nav
  • #301,453
  • Feb 25, 2012 7:11am Feb 25, 2012 7:11am
Quoting AllyB
6543 sure looks like it's calling your name nav
Yeah, but not until the latter part of 2012. We still have some unfinished business at 1.54... well that is how I am reading it at the moment - http://www.forexfactory.com/showthre...81#post5412181
  • #301,454
  • Feb 25, 2012 7:18am Feb 25, 2012 7:18am
Quoting bbakker
Yeah, but not until the latter part of 2012. We still have some unfinished business at 1.54... well that is how I am reading it at the moment.
i am thinking that 5455 took care of business with the mess down there. i say that because i don't have any more of "those" s/r lines below that one
  • #301,455
  • Feb 25, 2012 7:20am Feb 25, 2012 7:20am
Quoting AllyB
i am thinking that 5455 took care of business with the mess down there. i say that because i don't have any more of "those" s/r lines below that one
I have a nice weekly demand area that I haven't marked off, which is naughty of me... hold 2 ticks... let me sort it out and repost!
  • #301,456
  • Feb 25, 2012 7:21am Feb 25, 2012 7:21am
Quoting gsantri
zoomed-in, zoomed-out charts.
.
some higher tfs
.
Attached Image(s) (click to enlarge)
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  • #301,457
  • Feb 25, 2012 7:25am Feb 25, 2012 7:25am
Quoting bbakker
So in effect we get a bear trap first as people are shorting from here... it pops up, people reverse, creates the bull trap and then wam bam, thank you mam! Mr Market has just taken the novice retailers to the cleaners on both occassions.

Just an idea... and it is what I would do if I was a market player/institution.

The daily/weekly chart is perfectly setup for these traps and you know how this bitch likes to trap!
1.6 is an interesting possibility. But I don't have a bearish engulfing on my weekly? Also I don't hold with this novice retailers victim theory. I sometimes see what looks to me like stop hunting but I always think if I'm not properly positioned I deserve it. That's the positive view.
Gone to a better place
  • #301,458
  • Feb 25, 2012 7:28am Feb 25, 2012 7:28am
Quoting bbakker
I have a nice weekly demand area that I haven't marked off, which is naughty of me... hold 2 ticks... let me sort it out and repost!
Here we go -

Attached Image (click to enlarge)
Click to Enlarge Name: GU_View.jpg Size: 294 KB


Of course, I will play it how I see it because anything can happen, but at the moment this is how I see it and I could be wrong.
  • #301,459
  • Feb 25, 2012 7:29am Feb 25, 2012 7:29am
Quoting smikester
1.6 is an interesting possibility. But I don't have a bearish engulfing on my weekly? Also I don't hold with this novice retailers victim theory. I sometimes see what looks to me like stop hunting but I always think if I'm not properly positioned I deserve it. That's the positive view.

I would imagine theres a ton of stops above 1.6 it will be interesting
  • #301,460
  • Feb 25, 2012 7:31am Feb 25, 2012 7:31am
Quoting bbakker
Here we go -

Attachment

Of course, I will play it how I see it because anything can happen, but at the moment this is how I see it and I could be wrong.

brian remember this chart? she is forming wonderfully
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 70 KB
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