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Cable Update (GBPUSD)

  • #307,801
  • Apr 12, 2012 10:53am Apr 12, 2012 10:53am
Wow... Freak move we are having on Crosses... GBPCHF, GBPNZD and AUDUSD...

Seems like the Aussie and Kiwi taken viagra or something... talk of a very strong GDP figure from china.... go figure...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,802
  • Apr 12, 2012 10:54am Apr 12, 2012 10:54am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
The market often leaves technical clues with price developing discernible patterns. Today's PA resembles yesterdays main action in several ways.

I think traders could be poking & probing for that level everyone here in the thread seems to be convinced of. Almost everyone anyways. Tomorrow could be the final setup before next weeks sell off to 56 or 52
Attached Image (click to enlarge)
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  • #307,803
  • Apr 12, 2012 10:57am Apr 12, 2012 10:57am
Quoting eggs
The market often leaves technical clues with price developing discernible patterns. Today's PA resembles yesterdays main action in several ways.

I think traders could be poking & probing for that level everyone here in the thread seems to be convinced of. Almost everyone anyways. Tomorrow could be the final setup before next weeks sell off to 56 or 52
Good day to you.

Sharp you are, Take a "V" for your analyses,,,

Regards
  • #307,804
  • Apr 12, 2012 10:58am Apr 12, 2012 10:58am
Quoting iqyu5an
.
All the respect to ur analyse
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #307,805
  • Apr 12, 2012 11:08am Apr 12, 2012 11:08am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting TauTrader
Good day to you.

Sharp you are, Take a "V" for your analyses,,,

Regards
I appreciate the kind gesture Tau. Good day to you as well.
  • #307,806
  • Apr 12, 2012 11:10am Apr 12, 2012 11:10am
When you look at GBPNZD and GBPCHF one could only beg to wonder why GBPUSD is not doing the same...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,807
  • Apr 12, 2012 11:14am Apr 12, 2012 11:14am
Good day,

That is why i still need 100 pips to the downside.

Clusterf*uck trades in action...

The old man is kicking your ass

Regards
  • #307,808
  • Apr 12, 2012 11:59am Apr 12, 2012 11:59am
Quoting eggs
The market often leaves technical clues with price developing discernible patterns. Today's PA resembles yesterdays main action in several ways.

I think traders could be poking & probing for that level everyone here in the thread seems to be convinced of. Almost everyone anyways. Tomorrow could be the final setup before next weeks sell off to 56 or 52

If we are going to have a big sell-off next week then perhaps a pre sell-off rally would be likely. Given your analysis of the similarities of the market action of last two days and the channel we are currently in, it seems a rally up to recent highs is quite possible.
Attached Image (click to enlarge)
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Thanks for all the fish
  • #307,809
  • Apr 12, 2012 1:16pm Apr 12, 2012 1:16pm
Quoting TauTrader
All in a day's work...

One thing I have to admire from you - is the conviction aspect.

Do not become a blow-up doll...

You will get nailed by others.

Cheers Nav - wish you well

Regards
I hear u..
  • #307,810
  • Apr 12, 2012 1:18pm Apr 12, 2012 1:18pm
Quoting Faller
went short in January at 1.52.......underwater by like 32 grand.....what should I do?
  • #307,811
  • Apr 12, 2012 1:21pm Apr 12, 2012 1:21pm
Der Spiegel

http://www.spiegel.de/international/...827099,00.html
I don't trust any move - when you have profit...take it.
  • #307,812
  • Apr 12, 2012 1:21pm Apr 12, 2012 1:21pm
Quoting nAVIN2007

u know i was joking right???
I don't trust any move - when you have profit...take it.
  • #307,813
  • Apr 12, 2012 1:24pm Apr 12, 2012 1:24pm
Seeing things calmed down a bit i thought i might share my view on GBPUSD

Now a couple things i need to inform... for me to enter a trade... what i wait for is....

Open Long when:
MA5 (Yellow) > MA14 (Purple)
MACD in Green
As soon as standard Deviation Wicks up on candle open will confirm entry based on the above 2 condition...

Open Short when:
MA5 (Yellow) < MA14 (Purple)
MACD in Red
As soon as Standard Deviation Wicks Up on candle open will confirm entry based on the above 2 conditions...

For the past couple H4 Candles we have came close to opening a long...
as you can see MA5 is Above MA14 and MACD is in the Green...
Problem is... the move up is not wild enough for Standard Deviation to agree an entry... so im staying out...

by Drawing some Trend Lines, i realized... over the past couple days.... Monday and Tuesday market stayed above a Upwards Trendline of which we broken below it with the drop on Tuesday, ever Since... the market has been moving up along that line attepting to break back on the upside of that Ascending trendline but failed for the past 2 days ie Wednesday and Today, If we do not break back above that Trendline, as soon as my Short conditions comes in... im considering a serious short for a pretty damn good reason...
To make it easy for you to see what i meant by the Testing that ascending trendline, i have highlighted the test areas with yellow boxes...

Hope everyone finds this interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 19 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,814
  • Edited 2:02pm Apr 12, 2012 1:52pm | Edited 2:02pm
Most countries in the world are showing flat to negative GDP growth and yet China keeps giving numbers of growth between 8% - 11% - Can you say manipulation of numbers?

Aud loses 15 thousand jobs in February and a month later they create 44 thousand jobs? And with creating 44 thousand jobs unemployment rate drops by only .01% while when they lost 15 thousand jobs unemployment rate only increased by .01%.....am I the only one that sees this????

Come on.....
I don't trust any move - when you have profit...take it.
  • #307,815
  • Apr 12, 2012 2:21pm Apr 12, 2012 2:21pm
Quoting Faller
Most countries in the world are showing flat to negative GDP growth and yet China keeps giving numbers of growth between 8% - 11% - Can you say manipulation of numbers?

Aud loses 15 thousand jobs in February and a month later they create 44 thousand jobs? And with creating 44 thousand jobs unemployment rate drops by only .01% while when they lost 15 thousand jobs unemployment rate only increased by .01%.....am I the only one that sees this????

Come on.....

Damn. I missed this.
  • #307,816
  • Apr 12, 2012 2:42pm Apr 12, 2012 2:42pm
Quoting nAVIN2007
Don't worry nAV, still holding my long from 5240, you'll be right mate
Come with me if you want to live....
  • #307,817
  • Apr 12, 2012 2:55pm Apr 12, 2012 2:55pm
Quoting Ill-b-back
Don't worry nAV, still holding my long from 5240, you'll be right mate

and your short too
  • #307,818
  • Apr 12, 2012 3:04pm Apr 12, 2012 3:04pm
Quoting nAVIN2007
and your short too

he is sooo long he is short.....
I don't trust any move - when you have profit...take it.
  • #307,819
  • Apr 12, 2012 3:25pm Apr 12, 2012 3:25pm
Quoting Faller
he is sooo long he is short.....
A long nose maybe and growing longer with each bullish pip
Come with me if you want to live....
  • #307,820
  • Apr 12, 2012 3:31pm Apr 12, 2012 3:31pm
Quoting Ill-b-back
A long nose maybe and growing longer with each bullish pip

good thing you are short also.....because if this up move (which really was not much of an up move) is due to the rumors that China will beat big time on the GDP number.......the number has to beat big time just to maintain price level.....because the market has now priced in a big beat - anything that comes in at consensus or below..........all I have to say is watch out below.
I don't trust any move - when you have profit...take it.
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