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11-09-2009, 06:45 AM
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Hi all....I'm going out for dinner will be back arround 2-3hrs.....hopefully when I get back I'll have a clear drn
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11-09-2009, 07:05 AM
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On my delta there is still no clear direction.
two possible outlooks I've attached below.
Today/tomorrow could be the ITD 4 high - then down for ITD 5 and a final up to complete the ITD sequence and also put in MTD 7
Alternatively today/tomorrow could be the final high - being ITD 4, MTD 7 and the inverted LTD (18) there's no way yet of knowing for sure.
I just have a real problem believing they are going to keep punishing the dollar and buying stocks.
Could be a very interesting week - BOE quarterly inflation report on Wednesday is going to be a GBP mover, one way or the other.
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John G
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11-09-2009, 07:50 AM
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Quote:
Originally Posted by MrWilson
No change just waiting for 1.68 for the first delta price target... 
Note price didn't go below that ITD low point on the 26th..... ( note the double fibs on the date 10/26 (5/13) |
There we go...
Its only 4TD so plenty of time left yet for the ITD which like 8TD when the moving in the direction of MTD's .... |
11-09-2009, 07:59 AM
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Quote:
Originally Posted by JohnG_FX
I just have a real problem believing they are going to keep punishing the dollar and buying stocks..
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US is Dealing with the Triffin dilemma.
1/2 the dollar over x amount of years , gold 1500 with increasing use of IMF SDR's.
Their re-working the plan of 1933....
Last edited by MrWilson; 11-09-2009 at 08:03 AM..
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11-09-2009, 08:12 AM
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Quote:
Originally Posted by MrWilson
US is Dealing with the Triffin dilemma.
1/2 the dollar over x amount of years , gold 1500 with increasing use of IMF SDR's.
Their re-working the plan of 1933....
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Agreed - Xiaochuan
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John G
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11-09-2009, 08:21 AM
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Cable taking a hit on the unchanged offer from Kraft for Cadburys
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John G
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11-09-2009, 08:48 AM
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Quote:
Originally Posted by MrWilson
There we go...
Its only 4TD so plenty of time left yet for the ITD which like 8TD when the moving in the direction of MTD's .... |
Hi MW
How does my possible option 2 (attached) fit in with your possible rotations ?
Thanks
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John G
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11-09-2009, 09:26 AM
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GBP/USD
Sir, i believe before friday GBP/USD will test 1.66000. it is currently being traded at 1.68386.
Quote:
Originally Posted by Kate Stewart
This thread is dedicated to the GBP/USD and will be moderated by a real DailyFX Analyst who will post news, research and anything else that pertains to this pair. Please feel free to express your opinion about what direction you believe the market will take and what you think about the research presented.
Please note that this thread is for posting about the GBP/USD only. Any postings not related to this topic may be moved. For threads that were previously available under this forum, please got to Strategies and Guest Traders and you will find it there.
Thanks a lot and happy trading!
Kate Stewart
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11-09-2009, 09:46 AM
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Breeze signal?
Quote:
Originally Posted by Breeze
I still dont have a sell signal on weekly.....only on 4hrs....and I have a neutral on 1hr
so your shorts might work out pretty well as I took mine out too early cause of the lack of clear drn.
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Hi Breeze,
again, nice going. I was wondering if you could clarify the sekk signal on the h4 that you were seeing. I suppose thats an h4 chart. So was it MACD cross over and RSI you were looking at as a signal?
Thanks!
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"Trade Well Not Often"
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11-09-2009, 09:51 AM
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fiber 68, 6850
Quote:
Originally Posted by fiberforlife
not a good time to try picking tops folks - watch for a break above 6750 -
the intraday move up could be capped in the 6800-6850 range, but 1.7 is a skip away.......
staying above 6600 is bullish from here on out
good day all!
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Hi fiber, you picked a pause in this area quite well. Could you tell me what you were considering? Daily range? anticipation of some other indicator, RSI moving to overbought at that point?
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"Trade Well Not Often"
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11-09-2009, 10:12 AM
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Hello all I just came inn
added long @ 6772
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Warning follow @ own risk...I dont use stop loss I hedge
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11-09-2009, 10:15 AM
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Quote:
Originally Posted by KP FX Trader
Hi Breeze,
again, nice going. I was wondering if you could clarify the sekk signal on the h4 that you were seeing. I suppose thats an h4 chart. So was it MACD cross over and RSI you were looking at as a signal?
Thanks!
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I use a total different method....yes the sell signal was on 4hrs I still have it even now.
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11-09-2009, 10:17 AM
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Quote:
Originally Posted by KP FX Trader
Hi fiber, you picked a pause in this area quite well. Could you tell me what you were considering? Daily range? anticipation of some other indicator, RSI moving to overbought at that point?
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6800-6850 was worked off some obscure trendlines i was following - and also working off the recent daily ranges.......
currently - 6840 could act as the short term top - the short term bullish support trendline has been broken and the next one is coming in @ 6600 and rising
longs should be weary for now...........could be in for a 100-150pip drop over the next day - short term indicators are coming off the highs and looking to extend lower
good day all
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11-09-2009, 10:18 AM
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Hi all, now a small update on how I stand on the market
long GBP/USD @
6814
6772
long GBP/JPY @
150.54
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Warning follow @ own risk...I dont use stop loss I hedge
Last edited by Breeze; 11-09-2009 at 10:26 AM..
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11-09-2009, 10:19 AM
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Hi John
I would like a new high above that 1.704 area. (ideally the 123.6% around 1.735)
If the seasonal is going to invert, it will invert into the higher frame hinting at the Longterm point isn't in yet....?
If you silde the point 16 down to that April swing low it opens more options...
weekly 6b
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