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Cable Update (GBPUSD)

  • #327,421
  • Oct 18, 2012 3:45pm Oct 18, 2012 3:45pm
Quoting bguguen
heres from forex live...


I tend to agree on it.... China News was actually not a very good thing earlier today... took them long enough to read between the lines....
i think the only reason why EU and AU didnt join the party was because they broke and stayed above trendline earlier... while GU unfortunately couldnt break so real money decided to sell it hard.... wasnt even end of week risk aversion flow... its thursday for god sake...

But forget about this.... I AM SHOCKED by GOOGLE!!! its like my worst fear came true.....
If anyone wants...
u might as well post it..we need to do something whilst we wait..hehe
  • #327,422
  • Oct 18, 2012 3:49pm Oct 18, 2012 3:49pm
Quoting nAVIN2007
i dont know either..but man this move must be based on something quite bad
I just make hypothesis. It's a three band war (london, Berlin and Paris ). For now the score is euro 1 pound 0. But after the summit,tomorrow morning it's probable that Angela will indirectly help the city in kicking down the euro.
Don't be smart. Be rich.
  • #327,423
  • Oct 18, 2012 3:50pm Oct 18, 2012 3:50pm
Quoting nAVIN2007
lets hope so..
There will be a little wood to chop to get past 6040ish. While I hope not, it won't surprise me to see some bounce back to 6080/6100 area.
Ghost Rider - WWTBMD?
  • #327,424
  • Oct 18, 2012 3:51pm Oct 18, 2012 3:51pm
Quoting redbeben
today is a great day for me.I just opened up a bottle of 2001 La Mancha(they say it was a good year) and I am slowly sipping a glass or two.

as well it will be my last day as a sharer of info on this forum.I'll only drop by once in a while to delight you with some stories and ideas but no more trades.

Thank you for the good time we spent here.It was my pleasure.Together we learnt a lot of good things and each bad trade was a good point for future trades.


I'm going commercial starting tmr.

...
Wow, congrats. All the very best to you. Keep in touch
  • #327,425
  • Oct 18, 2012 3:59pm Oct 18, 2012 3:59pm
Quoting albchr
There will be a little wood to chop to get past 6040ish. While I hope not, it won't surprise me to see some bounce back to 6080/6100 area.

i dont think we will see 1.61..free fall..might bounce at the 1.6..for a few and fall
this move has purpose behind it..
  • #327,426
  • Oct 18, 2012 4:01pm Oct 18, 2012 4:01pm
Quoting albchr
There will be a little wood to chop to get past 6040ish. While I hope not, it won't surprise me to see some bounce back to 6080/6100 area.
.eg is starting to go up again... one interpretation is that someone is finding all kinds of money (unfortunate faders) as cable digs lower and lower outstripping .eu ... it just hit 6040.
  • #327,427
  • Oct 18, 2012 4:02pm Oct 18, 2012 4:02pm
Quoting nAVIN2007
i dont think we will see 1.61..free fall..might bounce at the 1.6..for a few and fall
this move has purpose behind it..
yes.
  • #327,428
  • Oct 18, 2012 4:08pm Oct 18, 2012 4:08pm
Quoting RWalker
.eg is starting to go up again... one interpretation is that someone is finding all kinds of money (unfortunate faders) as cable digs lower and lower outstripping .eu ... it just hit 6040.
Actually EG shouldve never gone below 0.80.... i was stacking up Longs on EG as soon as it started going below 0.80 cuz that was a HUGE psychological area that broke without any REAL reason behind it.... it was when EURUSD kept falling and GBPUSD was rising for no reason back in June...when i was telling everyone UK will enter double dip recession.... Strong GBP before Olympics is lethal to the economy etc etc.... simply cuz tourists wont buy as much shit as they would....
Okay give or take....
Tourists planned going to UK for olympics probably maybe evena YEAR before going to the olympics when its like 1.5 or sth.... they ordered package deals and shit in ADVANCE when GBPUSD was cheap...
as soon as they came to UK GBPUSD was around 1.63, that will put A LOT of people off as they WILL fine 1.63 being expensive so they exchange less pounds and they will spend less on souvenirs and shit....
It was all Logics in that....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,429
  • Oct 18, 2012 4:09pm Oct 18, 2012 4:09pm
Quoting nAVIN2007
i dont think we will see 1.61..free fall..might bounce at the 1.6..for a few and fall
this move has purpose behind it..
You are probably right Nav which is why I said I hope not...LOL

All I said is I won't be "surprised" if it does. And the way this mofo been trading lately? I won't be...
Ghost Rider - WWTBMD?
  • #327,430
  • Oct 18, 2012 4:13pm Oct 18, 2012 4:13pm
Quoting albchr
You are probably right Nav which is why I said I hope not...LOL

All I said is I won't be "surprised" if it does. And the way this mofo been trading lately? I won't be...
if this thing goes back up i tell u..i will cry
  • #327,431
  • Oct 18, 2012 4:14pm Oct 18, 2012 4:14pm
Quoting RWalker
.eg is starting to go up again... one interpretation is that someone is finding all kinds of money (unfortunate faders) as cable digs lower and lower outstripping .eu ... it just hit 6040.
I have to admit, I wrote in my thread I expected a bounce at 40. But it really just stopped there without any bounce so....maybe we just go straight to 5800... .......NOT...
Ghost Rider - WWTBMD?
  • #327,432
  • Oct 18, 2012 4:15pm Oct 18, 2012 4:15pm
Quoting bguguen
Actually EG shouldve never gone below 0.80.... i was stacking up Longs on EG as soon as it started going below 0.80 cuz that was a HUGE psychological area that broke without any REAL reason behind it.... it was when EURUSD kept falling and GBPUSD was rising for no reason back in June...when i was telling everyone UK will enter double dip recession.... Strong GBP before Olympics is lethal to the economy etc etc.... simply cuz tourists wont buy as much shit as they would....
Okay give or take....
Tourists planned going to UK for olympics probably...

thats a very good point..
  • #327,433
  • Oct 18, 2012 4:15pm Oct 18, 2012 4:15pm
Quoting nAVIN2007
if this thing goes back up i tell u..i will cry
NO you can't!! Cause if you do I won't have anyone to lean on!
Ghost Rider - WWTBMD?
  • #327,434
  • Oct 18, 2012 4:17pm Oct 18, 2012 4:17pm
Quoting bguguen
Actually EG shouldve never gone below 0.80.... i was stacking up Longs on EG as soon as it started going below 0.80 cuz that was a HUGE psychological area that broke without any REAL reason behind it.... it was when EURUSD kept falling and GBPUSD was rising for no reason back in June...when i was telling everyone UK will enter double dip recession.... Strong GBP before Olympics is lethal to the economy etc etc.... simply cuz tourists wont buy as much shit as they would....
Okay give or take....
Tourists planned going to UK for olympics probably...
Interesting. That's way outside my relatively short term perspective. How would you interpret the past few hours considering your longer view?
  • #327,435
  • Oct 18, 2012 4:19pm Oct 18, 2012 4:19pm
Quoting albchr
I have to admit, I wrote in my thread I expected a bounce at 40. But it really just stopped there without any bounce so....maybe we just go straight to 5800... .......NOT...
  • #327,436
  • Oct 18, 2012 4:19pm Oct 18, 2012 4:19pm
Quoting redbeben
today is a great day for me.I just opened up a bottle of 2001 La Mancha(they say it was a good year) and I am slowly sipping a glass or two.

as well it will be my last day as a sharer of info on this forum.I'll only drop by once in a while to delight you with some stories and ideas but no more trades.

Thank you for the good time we spent here.It was my pleasure.Together we learnt a lot of good things and each bad trade was a good point for future trades.


I'm going commercial starting tmr.


Good night
Will be sorry to see you go and wish you all the very best down the road Red.

Thanks for all your input. It was enlightening for sure.
Ghost Rider - WWTBMD?
  • #327,437
  • Oct 18, 2012 4:22pm Oct 18, 2012 4:22pm
Quoting RWalker
Interesting. That's way outside my relatively short term perspective. How would you interpret the past few hours considering your longer view?
To be honest with you... my Medium term is to see 1.5850 area, otherwise anything move Upwards moves are just noise in technical terms as i trade the Daily Chart....

I would recommend that you open up a Daily Chart and plot an EMA55 and a EMA200...
What you would realize is that when EMA55 is above EMA200, those are the best time to start looking for shorts.... but when you enter a short where to target for?? well you target for EMA200...

same applies to long....
When EMA55 is BELOW EMA200, then you should be looking for long opportunities targeting EMA200 again....

Now how do you know when opportunites present? that will require a bit more than just EMA's

I use the RSI 10 for Daiy chart and RSI 5 for H4 chart to see if any divergence near Trend support/resistance happens for the signal to enter a trade.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,438
  • Oct 18, 2012 4:26pm Oct 18, 2012 4:26pm
Quoting albchr
NO you can't!! Cause if you do I won't have anyone to lean on!
my bad
it wont go up thou..99% sure
  • #327,439
  • Oct 18, 2012 4:26pm Oct 18, 2012 4:26pm
Quoting bguguen
To be honest with you... my Medium term is to see 1.5850 area, otherwise anything move Upwards moves are just noise in technical terms as i trade the Daily Chart....

I would recommend that you open up a Daily Chart and plot an EMA55 and a EMA200...
What you would realize is that when EMA55 is above EMA200, those are the best time to start looking for shorts.... but when you enter a short where to target for?? well you target for EMA200...

same applies to long....
When EMA55 is BELOW EMA200, then you should be looking for long opportunities targeting...
Been using the 200 for ages but never tried a 55. Will add it and watch. Thanks
Ghost Rider - WWTBMD?
  • #327,440
  • Oct 18, 2012 4:30pm Oct 18, 2012 4:30pm
Quoting albchr
Been using the 200 for ages but never tried a 55. Will add it and watch. Thanks
no worries i just studied a bit.... At first i though EMA 55 above EMA200 meant time to long but the more i tried a year ago the more i lose.... until i realise... wtf when EMA 55 is above EMA200, the price is already topping out... that lead to the conclution that when a Shorter term EMA is above a Longer Term EMA, it means its time to look for short opportunities..... and vice versa....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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