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Cable Update (GBPUSD)

  • #331,541
  • Dec 3, 2012 10:01pm Dec 3, 2012 10:01pm
P.s.
The dollar remain firmly in sell-off mode, anticipating what can be another day of selling, cable and eur remain positioned for more gain.
However, Gold seems vulnerable of a possible breakout (down), oil too, and indices have lost big ground in ny session, sitting now below week open, there is some kind of divergence in the markets.

Probably at or before london open, the markets will re-align again.
The question is, which one will change its bias, the currencies market or the commodities/equities market?

Nobody knows
  • #331,542
  • Dec 3, 2012 10:06pm Dec 3, 2012 10:06pm
Quoting tunera
P.s.
The dollar remain firmly in sell-off mode, anticipating what can be another day of selling, cable and eur remain positioned for more gain.
However, Gold seems vulnerable of a possible breakout (down), oil too, and indices have lost big ground in ny session, sitting now below week open, there is some kind of divergence in the markets.

Probably at or before london open, the markets will re-align again.
The question is, which one will change its bias, the currencies market or the commodities/equities market?

Nobody knows
As far for equities (S&P 500 for example), we can expect some kind of bounce, that's why overall i remain bullish today.
Attached Image (click to enlarge)
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  • #331,543
  • Dec 3, 2012 10:36pm Dec 3, 2012 10:36pm
Quoting iqyu5an
http://aquanautsdive.com/wp-content/...n-provider.jpg
am in PRZ and even dax in red...some retailers believe merkel is still a virgin ........
help help mehhhhhhh

***
everything is undercontrol buddy ( hopefully yaaaaa xixiixi )
He he, great to hear dude.

That was me on Thursday, now resuscitated
Come with me if you want to live....
  • #331,544
  • Dec 3, 2012 10:52pm Dec 3, 2012 10:52pm
for me... that's impact of 1.13 - 1.61 of OX in higher TF plus write off & buy back - greece. huh .....

i hope i could kill that shark in bottom of the sea ....... just dreaming. thank God. Dreaming is free .......

http://www.forexfactory.com/attachme...1&d=1354587976

http://us.123rf.com/400wm/400/400/ja...of-the-sea.jpg
Quoting Ill-b-back
He he, great to hear dude.

That was me on Thursday, now resuscitated
not euphoria follower
  • #331,545
  • Dec 4, 2012 1:52am Dec 4, 2012 1:52am
i will not certainly be the fool buying this setup in EU
maybe not short.
but definetly not a buy setup!
will let things to develop a bit.

meanwhile CHF pairs looks very interesting.
and gold took a trip below prev. lows.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Hourly_snapshot.jpg Size: 73 KB
90% of traders use TA, indicators and prediction
  • #331,546
  • Dec 4, 2012 2:28am Dec 4, 2012 2:28am
Quoting _BBKing_
i will not certainly be the fool buying this setup in EU
maybe not short.
but definetly not a buy setup!
will let things to develop a bit.

meanwhile CHF pairs looks very interesting.
and gold took a trip below prev. lows.
not yet mate, not yet..
  • #331,547
  • Dec 4, 2012 2:29am Dec 4, 2012 2:29am
Good morning everyone,
had a signal to short the USDJPY and the CADJPY...
im sure itll take profit along with my nzdjpy trade but like shorting any yen pair i need to be patient because of stupid abe(ironically not even elected yet) and his "rumors" on yen easing...
https://dl.dropbox.com/u/52561775/Fo...22012.0825.gifhttps://dl.dropbox.com/u/52561775/Fo...22012.0825.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,548
  • Dec 4, 2012 2:45am Dec 4, 2012 2:45am
Quoting FX Wolf
try above 6140
Short again at 1.6015. But looks like 6140 coming soon.
  • #331,549
  • Dec 4, 2012 2:54am Dec 4, 2012 2:54am
hi g/m

6140/60 zone is retrace zone?
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,550
  • Dec 4, 2012 3:01am Dec 4, 2012 3:01am
Quoting CasperTrader
Short again at 1.6015. But looks like 6140 coming soon.
are you sure it's 6140 and not 6175?
  • #331,551
  • Dec 4, 2012 3:08am Dec 4, 2012 3:08am
Quoting A-speculator
are you sure it's 6140 and not 6175?
ur right. closer to 1.6175 than 6140
i got 1.61781
https://dl.dropbox.com/u/52561775/Fo...22012.0907.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,552
  • Dec 4, 2012 3:11am Dec 4, 2012 3:11am
Quoting fxtyrant
ur right. closer to 1.6175 than 6140
i got 1.61781
https://dl.dropbox.com/u/52561775/Fo...22012.0907.gif
imho, better to wait on retracement (breakout retest).. perhaps at 6040-60 area.. in the mean time, find other pairs that has better setup and stay clear from cable..

my 2 cents.
  • #331,553
  • Dec 4, 2012 3:13am Dec 4, 2012 3:13am
Quoting CasperTrader
Short again at 1.6015. But looks like 6140 coming soon.

some EW count is suggesting higher much higher than 6140, i hope you are using good risk/money management
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,554
  • Dec 4, 2012 3:25am Dec 4, 2012 3:25am
how 'bout short on swissy @ 9280.. seems like a good price..
Attached Image (click to enlarge)
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  • #331,555
  • Dec 4, 2012 3:39am Dec 4, 2012 3:39am
Quoting A-speculator
how 'bout short on swissy @ 9280.. seems like a good price..
you still want to short the swissy considering the SNB confirmed they are going to have negative interest rates from december 10 onwards?
i mean that is the ultimate easing right there.... pay people for borrowing and tax people who save... thats genius....
look at the EURCHF go up.... GBPCHF also rising as swissy being dumped.... and it doesnt take long for the EURCHF and GBPCHF rise to translate to a rise in USDCHF....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,556
  • Dec 4, 2012 3:43am Dec 4, 2012 3:43am
Quoting fxtyrant
you still want to short the swissy considering the SNB confirmed they are going to have negative interest rates from december 10 onwards?
i mean that is the ultimate easing right there.... pay people for borrowing and tax people who save... thats genius....
look at the EURCHF go up.... GBPCHF also rising as swissy being dumped.... and it doesnt take long for the EURCHF and GBPCHF rise to translate to a rise in USDCHF....
it's just 20 pips exposure mate.. furthermore it's at about the 4h resistance.. so might worth it, who knows..

and imo, the rising of gchf and echf was due to strengthening of cable and fiber, not directly related to chf.. at least not yet.
  • #331,557
  • Dec 4, 2012 3:47am Dec 4, 2012 3:47am
Quoting A-speculator
it's just 20 pips exposure mate..
oh... that little... i guess its fine.... im talking daily only....

just remember im a daily chart trader...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,558
  • Dec 4, 2012 3:48am Dec 4, 2012 3:48am
Hi every1 i'm going to analyze by live my charts on some majors
GBP USD
EUR USD
and also some minor crosses with AUD, CHF, etc..
Will share my ideas on these pairs to find possible daily swings for 60-70 to 100-150pips.

i'm not selling anything & no subscriptions required, just pure and simple chat live. (i'm a trader, not a salesman!)
Just follow this link and "click to join" @10.00 london time (in 10minutes)
http://www.dukascopy.com/tv/Live

thank you.
ps: not for scalpers!
90% of traders use TA, indicators and prediction
  • #331,559
  • Dec 4, 2012 4:00am Dec 4, 2012 4:00am
Quoting fxtyrant
oh... that little... i guess its fine.... im talking daily only....

just remember im a daily chart trader...
if what you say is true, and the price will confirmed by trading above 9300.. personally, i'm not expecting the price to trade beyond 9300 hence my SL is just few pips above.
  • #331,560
  • Dec 4, 2012 4:07am Dec 4, 2012 4:07am
Quoting A-speculator
if what you say is true, and the price will confirmed by trading above 9300.. personally, i'm not expecting the price to trade beyond 9300 hence my SL is just few pips above.
for me im actually expecting USDCHF to go all the way up and above 0.9400 tbh.... just looking at daily charts here.... we seem to be bottomed out... and EMA55 finally ovedbelow EMA200 meaning its time to look for longs
With that 0.94 being the last line of defense, if cleared. we can see those Upper Blue and Upper Red being reached and i wont be surprised as those areas are gona have huge amount of orders that must look juicy for them bankers...
Fundies cant get any better than this..... SNB ALREADY confirmed the December 10 Negative Interest rates, so the Swiss Dump is already happening... all we need now is the Dollar to grow a pair of balls and be strong....
Oh and pls be aware of the RSI.... we're at a turning point here
https://dl.dropbox.com/u/52561775/Fo...22012.1006.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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