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Cable Update (GBPUSD)

  • #322,821
  • Aug 28, 2012 3:47am Aug 28, 2012 3:47am
Yeh saw that, - price remains under the Daily Pivot on this gbpusd pairing and it is the descending 1hr trend line that is the 1st upside/recovery barrier ?

G/L

Quoting uksnowman
Intraday upside breakout on EU, AU etc but GU holding back.. I often see this lagging before news or an opportunity for the big boys to put in the big orders..
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ex member
  • #322,822
  • Aug 28, 2012 3:59am Aug 28, 2012 3:59am
Quoting bbmac
Yeh saw that, - price remains under the Daily Pivot on this gbpusd pairing and it is the descending 1hr trend line that is the 1st upside/recovery barrier ?

G/L
Agreed. If this hourly candle holds above 1.5779 (daily S2) I would think there will be another test of the highs prior to the weekly/daily pivot. We are still holding above the 61.8% fib of the last swing on daily.. Should be interesting!
  • #322,823
  • Aug 28, 2012 4:01am Aug 28, 2012 4:01am
Long ................nice move on Euro.....interesting.....
I don't trust any move - when you have profit...take it.
  • #322,824
  • Aug 28, 2012 4:03am Aug 28, 2012 4:03am
euro is leading the way.
i'm also long again gu but smaller size will add if gives a fucking sign of a move.

eur gbp is the reason....
90% of traders use TA, indicators and prediction
  • #322,825
  • Aug 28, 2012 4:06am Aug 28, 2012 4:06am
Quoting nAVIN2007
market is trying to keep every1 quessing its how the bankers make more..its placed so right up till friday (last day of month) we left not knowing

bernie open yur ass please and mention QE
yes but look the damn move down from 1.59 to 1.58: it's a shit!
i bet that everybody who was short from 1.59 closed near 1.5820-30.
and a lot of people went long near 1.58.

at least this happend to me
luckily closed long overnight and reversed in short to cover.
now long again but mm... seees like longs will be in play tomorrow
90% of traders use TA, indicators and prediction
  • #322,826
  • Aug 28, 2012 4:11am Aug 28, 2012 4:11am
Quoting _BBKing_
euro is leading the way.
i'm also long again gu but smaller size will add if gives a fucking sign of a move.

eur gbp is the reason....

outch....my virgin ears.....
I don't trust any move - when you have profit...take it.
  • #322,827
  • Aug 28, 2012 4:13am Aug 28, 2012 4:13am
Quoting _BBKing_
sorry for the huge delay, i felt asleep after i closed all trades. was awake since 20hours. almost a zombie.

trading daily chart is great!! just need tonnes of patience but if you are busy in something else, daily chart is your only friend! you wait sometimes 2-3 days but then you are ok with the move.
sincerely, i think everybody should always give eyes in daily.

i will let you know when i will be in aus. once there i will surely try to be also in sidney
Sounds good
Come with me if you want to live....
  • #322,828
  • Aug 28, 2012 4:15am Aug 28, 2012 4:15am
Quoting _BBKing_
euro is leading the way.
i'm also long again gu but smaller size will add if gives a fucking sign of a move.

eur gbp is the reason....

I am going to start calling you angry bird!
I don't trust any move - when you have profit...take it.
  • #322,829
  • Edited 4:35am Aug 28, 2012 4:24am | Edited 4:35am
Quoting _BBKing_
yes but look the damn move down from 1.59 to 1.58: it's a shit!
i bet that everybody who was short from 1.59 closed near 1.5820-30.
and a lot of people went long near 1.58.

at least this happend to me
luckily closed long overnight and reversed in short to cover.
now long again but mm... seees like longs will be in play tomorrow
anything above last months high is bullish and last week, weekly is bullish and guess where it appears to be bouncing?

u guessed it..weekly ascending trendline (connect the weekly lows ladies).

buys are still there..but its in a place where u can have short almost equilivent to long and vica versa..extracting 50% on the wrong side..perfect setup for the big players..bastards

interestingly the last bullish dailly candle has taken 3 days of bear to absorb..theres buyers in this..question is..where the hell is soros

edit :- soros is married to 21-24 year old so maybe day off!!..lol
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  • #322,830
  • Aug 28, 2012 4:36am Aug 28, 2012 4:36am
Quoting Faller
I am going to start calling you angry bird!
that is a good name for him
  • #322,831
  • Aug 28, 2012 4:42am Aug 28, 2012 4:42am
Support holds, but no strength to go upwards. We need some news to help traders make a decision.
  • #322,832
  • Aug 28, 2012 4:46am Aug 28, 2012 4:46am
Quoting fxghost
Support holds, but no strength to go upwards. We need some news to help traders make a decision.

the big boys are holding it back right now....some of their friends are still sleeping and they are holding the bus up until they all get on board............ALL ABOARD!!!!!!!!! choooo chooooo!!!!!!!
I don't trust any move - when you have profit...take it.
  • #322,833
  • Aug 28, 2012 4:58am Aug 28, 2012 4:58am
Quoting Faller
the big boys are holding it back right now....some of their friends are still sleeping and they are holding the bus up until they all get on board............ALL ABOARD!!!!!!!!! choooo chooooo!!!!!!!
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  • #322,834
  • Aug 28, 2012 5:03am Aug 28, 2012 5:03am
Is the 4hr hidden divergence true ? To be fair there isn't exactly a strong overall price action (opa) uptrend on the Daily - just a b/o of the recent range hi @ 5774, but that 5909 Hi is at least a fractal HH on that Daily t/f.

G/L
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ex member
  • #322,835
  • Aug 28, 2012 5:12am Aug 28, 2012 5:12am
Quoting bbmac
Is the 4hr hidden divergence true ? To be fair there isn't exactly a strong overall price action (opa) uptrend on the Daily - just a b/o of the recent range hi @ 5774, but that 5909 Hi is at least a fractal HH on that Daily t/f.

G/L
breakout on cable?
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  • #322,836
  • Aug 28, 2012 5:18am Aug 28, 2012 5:18am
Quoting Faller
the big boys are holding it back right now....some of their friends are still sleeping and they are holding the bus up until they all get on board............ALL ABOARD!!!!!!!!! choooo chooooo!!!!!!!

Could be. Everybody is on board in eur/usd though.
  • #322,837
  • Aug 28, 2012 5:56am Aug 28, 2012 5:56am
Quoting inpatient
Another point -

If we clear this line at 1.574 i see 1.5600 and an indication of a lack of QE3 will see us back down in the 1.54's
here's what I see.
I see traders calling long after moves started

some days ago there was mass hysteria calling ''long loong looonnngggggg now or you will miss it all
loooonnnggg next stop 1.62 as a minimuuummm looonnnggggg''

some other traders were short and they were piled in mud as the blindfolded price followers were heard in the background ''loooongggg''

after more than 160 pips ''retrace'' let's call it we're back at square 1.

some were asking why shorting above a R turned S so I gave an explanation....nobody got it I guess till today.a line is a line.what happened to the so called 1.5778 mega R turned mega S ? nada.it was broken down.

they will say stop hunt....probably but 1.5915 was the stop hund for the shorts with SL above 1.5860

or there was another one with some signals....right SL was eaten.

others were calling this an uptrend....I just call it range with a bit of spice.

if we're closing today below 1.5778-66 we're in the range again.

wether it will go to 1.53 or 1.62....could not tell.moves cannot be predicted.not in this nonsense news world.

will I make profit...sure I will as I go against the crowd and for short terms.

I feel like I have a smile on my face.not yet a pissing laugh but a smile...just thinking of all the big traders calling a retrace to max 1.5830...if

so far my 1.5772 called @ 1.5900 was called in profit...and what a profit

don't get me wrong,all were right about up and down moves but it's just bad timing.we cannot call a continuation anymore.

and here I take my hat off in front of Faller ''you see it,take it''

have fun guys,watch for the Friday and weekend ass hole meeting
  • #322,838
  • Aug 28, 2012 6:20am Aug 28, 2012 6:20am
Quoting nAVIN2007

edit :- soros is married to 21-24 year old so maybe day off!!..lol
Yeah, to catch his breath more than likely....
Ghost Rider - WWTBMD?
  • #322,839
  • Aug 28, 2012 6:20am Aug 28, 2012 6:20am
Quoting redbeben
now I see it

if no news or farts this is a 50 drops min
max 100 pips 1.5690
well well....58 pips from the confirmation.

I amaze myself sometimes .

for today....we might have same thing happening a bit later.I'll give head's up when I see it if it formes.this will bring us to 1.5701 or 1.5690 and hello rage again
  • #322,840
  • Aug 28, 2012 6:28am Aug 28, 2012 6:28am
Quoting Faller
outch....my virgin ears.....


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