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Cable Update (GBPUSD)

  • #328,281
  • Oct 25, 2012 8:48am Oct 25, 2012 8:48am
Quoting Typeface
But nobody's buying up the $ - it's sitting there letting John Bull piss all over it.
(Am I letting my short position show?)

And yes, S&P's going up generally, but it just fell 400, and I'm looking at the very short term here...
You must be blind.... please go find a DXY chart and tell me what it has done over the last month or so....
i dont even need to look at it yet and i can already tell you its riding on an uptrend.... with a previous bounce off a supporting up trend...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,282
  • Oct 25, 2012 8:56am Oct 25, 2012 8:56am
Also.... Pound may finally be finding some weakness soon over at the wire cable cross...

see that trendline?? see EMA 55 being under EMA 200? EMA 55 under EMA 200 means bullish to restest EMA 200

Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,283
  • Oct 25, 2012 9:04am Oct 25, 2012 9:04am
Quoting fxtyrant
You must be blind.... please go find a DXY chart and tell me what it has done over the last month or so....
i dont even need to look at it yet and i can already tell you its riding on an uptrend.... with a previous bounce off a supporting up trend...
DXY has been in a range for the last month... ~78.95-80.25. I see no uptrend although it is now near resistance again @80. If that holds, we could see further upside on GBPUSD.

Also daily is playing out the bullish divergence.

Sorry to be a party pooper!
  • #328,284
  • Oct 25, 2012 9:04am Oct 25, 2012 9:04am
Quoting fxtyrant
You must be blind.... please go find a DXY chart and tell me what it has done over the last month or so....
i dont even need to look at it yet and i can already tell you its riding on an uptrend.... with a previous bounce off a supporting up trend...
Oops - my bad. I follow the Dow, hence the '400'. Still, a 70-odd point drop in the S&P in 4 days is nothing to sneeze at, and who said anything about the last month? I think I said 'the very short term'? Should I have said 'the very, very, very short term'?

Also, I'm trying to figure out why the $ seems so weak relative to the £, especially today, after the UK data should be priced in, and the US just came out with strong data. I think you could be right about the post-London factor, but I would be more reassured to see at least some weakness, or some profit-taking...something!
  • #328,285
  • Oct 25, 2012 9:08am Oct 25, 2012 9:08am
Quoting bbakker
DXY has been in a range for the last month... ~78.95-80.25. I see no uptrend although it is now near resistance again @80. If that holds, we could see further upside on GBPUSD.

Also daily is playing out the bullish divergence.

Sorry to be a party pooper!
you are right about use at resistance but you cant say we arent in an uptrend for the last 3 months..... we've even bounced off that trend line.... i expect the 80 bucks resistance to break to the upside....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,286
  • Oct 25, 2012 9:10am Oct 25, 2012 9:10am
Quoting fxtyrant
You must be blind.... please go find a DXY chart and tell me what it has done over the last month or so....
i dont even need to look at it yet and i can already tell you its riding on an uptrend.... with a previous bounce off a supporting up trend...
Well, I wouldn't exactly say folks are buying it up like crazy here. 4 months bearish with it starting to tick up this month but still trading within May's bullish bar. No break either way in 5 months. A close this month over 6630ish or better yet that TL at 6700ish would be nice
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Ghost Rider - WWTBMD?
  • #328,287
  • Oct 25, 2012 9:11am Oct 25, 2012 9:11am
Quoting Typeface
Oops - my bad. I follow the Dow, hence the '400'. Still, a 70-odd point drop in the S&P in 4 days is nothing to sneeze at, and who said anything about the last month? I think I said 'the very short term'? Should I have said 'the very, very, very short term'?

Also, I'm trying to figure out why the $ seems so weak relative to the £, especially today, after the UK data should be priced in, and the US just came out with strong data. I think you could be right about the post-London factor, but I would be more reassured to see at least some weakness,...
well THAT... housing data is no good.... gives ben bernanke reason to stick to his god damn QE3 objectives... to curb unemployment and restimulate housing market growth....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,288
  • Oct 25, 2012 9:12am Oct 25, 2012 9:12am
tight range consolidation on 5min since the data react hi/current hi of day. Break to up or downside from this consoliadtion ?

G/L
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ex member
  • #328,289
  • Oct 25, 2012 9:13am Oct 25, 2012 9:13am
Quoting albchr
Well, I wouldn't exactly say folks are buying it up like crazy here. 4 months bearish with it starting to tick up this month but still trading within May's bullish bar. No break either way in 5 months. A close this month over 6630ish or better yet that TL at 6700ish would be nice

What Chat is that??
the Dollar Index DXY is around 80s.... whats yoru chart showing 1.6x??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,290
  • Oct 25, 2012 9:15am Oct 25, 2012 9:15am
Quoting bbmac
tight range consolidation on 5min since the data react hi/current hi of day. Break to up or downside from this consoliadtion ?

G/L
if anything... im gona say down... plot 55 ema and 200 ema on that chart and i see price above 55 ema and 55 ema above 200 ema.. its time to look for a short back to that 200 ema....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,291
  • Oct 25, 2012 9:16am Oct 25, 2012 9:16am
Quoting fxtyrant

What Chat is that??
the Dollar Index DXY is around 80s.... whats yoru chart showing 1.6x??
USDLFX thru SIGTrader. Same bars, different numbers is all.
Ghost Rider - WWTBMD?
  • #328,292
  • Oct 25, 2012 9:17am Oct 25, 2012 9:17am
Quoting fxtyrant
you are right about use at resistance but you cant say we arent in an uptrend for the last 3 months..... we've even bounced off that trend line.... i expect the 80 bucks resistance to break to the upside....
I hope so too, but if I am wrong, my SL ensures that I still make a profit. We have not run out of buyers at the 1.6128 handle, nor are sellers willing to give up. Classic consolidation and someone is going to get hurt. How many pin bars on h1? Could be a bull trap...
  • #328,293
  • Oct 25, 2012 9:20am Oct 25, 2012 9:20am
Quoting bbakker
I hope so too, but if I am wrong, my SL ensures that I still make a profit. We have not run out of buyers at the 1.6128 handle, nor are sellers willing to give up. Classic consolidation and someone is going to get hurt. How many pin bars on h1? Could be a bull trap...
well if it turns out to be the case... this thing can retest 1.60 fast... possibly before the weekend.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,294
  • Oct 25, 2012 9:22am Oct 25, 2012 9:22am
Pound is trying like hell to break resistance. Hmmm...maybe I shouldn't be short GU right now...LOL
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Ghost Rider - WWTBMD?
  • #328,295
  • Oct 25, 2012 9:22am Oct 25, 2012 9:22am
Quoting kaspopsicle
Get your own, smikester.The lines are for your education only
She's such a sweetie.

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Gone to a better place
  • #328,296
  • Oct 25, 2012 9:26am Oct 25, 2012 9:26am
Quoting fxtyrant
well if it turns out to be the case... this thing can retest 1.60 fast... possibly before the weekend.....
Very true... the path of least resistance is down!
  • #328,297
  • Oct 25, 2012 9:27am Oct 25, 2012 9:27am
Quoting bbakker
Very true... the path of least resistance is down!
risk pairs (which im heavily short in) AUDUSD and NZDUSD are also showing weakness...

NZD showing multiple classic bearish divergence on the H1.... that baby is gona TANK!....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,298
  • Oct 25, 2012 9:32am Oct 25, 2012 9:32am
Sell GBP ?
To Your Success!!
  • #328,299
  • Oct 25, 2012 9:33am Oct 25, 2012 9:33am
Quoting fxtyrant
risk pairs (which im heavily short in) AUDUSD and NZDUSD are also showing weakness...

NZD showing multiple classic bearish divergence on the H1.... that baby is gona TANK!....
Look at the other GBP pairs fly!
  • #328,300
  • Oct 25, 2012 9:35am Oct 25, 2012 9:35am
Call me Out of my short for now. I'll wait.
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Ghost Rider - WWTBMD?
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