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jack.canadia replied Jun 18, 2009According to this, you should have shorted at 64 earlier today .. volumes were decreasing on the way up .. must have been a mark up.. Then increased volume on the down move and a close in the middle of that bar on high vol...ya its bullish .. but ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009Doesnt that high vol bar coincide with a down bar? Increasing vol on a downmove means real selling. Man the volumes from MT4 are tick data and not real volume. I never trust them. That other chart u posted looks better.
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009I see .. Im at BE on my 55 short anyway The 4-hour price action is still bearish and unless we successfully break the upper trendline, I am still bearish.
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009Prevent that by taking a long at support and short at resistance.
EURUSD
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jack.canadia replied Jun 18, 20091.40 is a pretty significant level .. so it may have helped in the fall .. gbp fell too .. basically USD got strong I think sentiment is shifting back in favor of the USD for now. Also, wrt to the TL on the bear flag, draw on closes on a 1-hr, the ...
EURUSD
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jack.canadia replied Jun 18, 2009A monthly close below 6200 will be the most beautiful candle I have ever seen haha I have never traded on a friday like the one tomorrow .. quad witching .. gonna look pretty . Is there a usual time at which options.futures and whatever expire? Or ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009It's getting there. In all honesty, I really favor a re-test of the daily 200 SMA .. currently at 1.5000 In time it will rise up and be between 5000 and 5300, an amazing target area and longer-term long area!
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009bahahaha heres some bloomberg business .. they are calling 6100 by year end? ya right... 5300 pleaseee 80% of the stuff i read in the currency section of b-berg is never correct anyway lol url
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009An hourly close below 90 will be slightly below the lower TL .. give or take .. that should help us
EURUSD
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jack.canadia replied Jun 18, 2009Yeah we saw what happened last night lol .. false break of the trendline This time above 6400 will be another break of the TL and if it closes and surges from there (which i dont think it will) then we can be bullish. Dont marry any shorts yet!
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009
big picture wont lie .. above 6400 get bullishCable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009ya such talks on the news usually show a shift in sentiment .. as in, the market is going to begin a pullback soon
EURUSD
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jack.canadia replied Jun 18, 2009Just checked euro 4-h and its forming a bearish flag .. has about a 400 pips projection south on it if it plays out .. This could be a nice indication of USD strength into tomorrow url
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009I am short 6350 .. my prior 3 shorts were close at 6300 for nice profits!
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009Yes i saw the bounce .. there is a 50% fib the other way at the 6350 area. Compare the up move and then the sell off. Which had more meat to it? I must admit, the triangle pattern signals consolidation and faovrs a break higher. Based on the price ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 18, 2009Looking at GU weekly .. it clearly has room to tumble .. this may be a catalyst for a retest of 1.50/53 before resuming the upward trend again??? Thoughts
Cable Update (GBPUSD)