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Cable Update (GBPUSD)

  • #63,441
  • Apr 30, 2008 8:32am Apr 30, 2008 8:32am
Closed half my long at 1.9720

waiting for 1.9780 but might close around 1.9750 if i see stalling
The quality of your life is brought about by the quality of your thinking.
  • #63,442
  • Apr 30, 2008 8:34am Apr 30, 2008 8:34am
Quoting hornet
Closed half my long at 1.9720

waiting for 1.9780 but might close around 1.9750 if i see stalling
I was about to do my long as I got stopped out while sleeping this morning....only to see it rally strongly...I'll wait it out....
  • #63,443
  • Apr 30, 2008 8:38am Apr 30, 2008 8:38am
Quoting AmeriTrini
The statement will be important, whether they cut or not is not a big deal.
:surprised
If I Go Broke Trying Then I Will die happy.
  • #63,444
  • Apr 30, 2008 8:38am Apr 30, 2008 8:38am
Quoting hornet
Thanks to all the bears that have closed down their platforms....

my long is finally flying !!!

yeah!!!
  • #63,445
  • Apr 30, 2008 8:39am Apr 30, 2008 8:39am
I think this might be tops for now, I just closed out the other half at 1.9740.

Not ready to short yet.
The quality of your life is brought about by the quality of your thinking.
  • #63,446
  • Edited 8:58am Apr 30, 2008 8:39am | Edited 8:58am
Folks I went long a few hrs ago at 1.9681 with a 100 pip SL. Perhaps I shouldn't have entered then with all the news but I did have plenty of underlying buy signals and the wave back up seemed almost as natural as the turning tide.

Part of the picture I see is below and the rest is on 30 min, 1hr and 3 hr charts.

I had a siesta, got up 2 hrs later and see that price has finally taken off after meandering up and down like a drunk Brit on a stag-night in Prague. It has just broken through the 60ema on the 30 min chart which is more reassurance that this could be a good move.

Of course any unexpected Fed news is less than 5 hrs from now and can impact the market either way, but momentum has kicked in, the plane has taken off and we're finally heading north. It's been like taking a flight from Terminal 5 at Heathrow!

The flight might go all the way and it might crash and burn. I shall scale out sooner than usual and manage with caution.

Safe trading ...particularly with potential big news ahead and on the day which defines the look and feel of the April monthly candle.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: cable 30 april.jpg Size: 159 KB
  • #63,447
  • Apr 30, 2008 8:40am Apr 30, 2008 8:40am
Quoting AmeriTrini
The statement will be important, whether they cut or not is not a big deal.
I think its a big deal....
  • #63,448
  • Apr 30, 2008 8:42am Apr 30, 2008 8:42am
Quoting AmeriTrini
The statement will be important, whether they cut or not is not a big deal.
is there any place we can listen to it from the net?????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,449
  • Apr 30, 2008 8:43am Apr 30, 2008 8:43am
Quoting Doose
Ouch...Wait till it reaches 1.9750 and see wat happens the near that area...
it will head toward weekly pivot and there may bounce
1.9757...62 ema is there..if it passes this then weekly pivot should be the target..i think
  • #63,450
  • Apr 30, 2008 8:47am Apr 30, 2008 8:47am
S.T.F.U, N.O.Y.K.W.T.F.Y.D
If I Go Broke Trying Then I Will die happy.
  • #63,451
  • Apr 30, 2008 8:50am Apr 30, 2008 8:50am
Quoting Moe
S.T.F.U, N.O.Y.K.W.T.F.Y.D
Are u swearing???
  • #63,452
  • Apr 30, 2008 8:51am Apr 30, 2008 8:51am
Quoting Moe
S.T.F.U, N.O.Y.K.W.T.F.Y.D
i see u took a course on short hand as well
its true thou ..just speculating...no way i know what the hell is going on other than im selling when i see a good high place...aand then we gonna breakout as usaul and i will be at a loss cause i went short ...
  • #63,453
  • Apr 30, 2008 8:52am Apr 30, 2008 8:52am
Closed one position at 1.9738 for +58 pips...
Lets see what else happens
  • #63,454
  • Apr 30, 2008 8:53am Apr 30, 2008 8:53am
Quoting DJ4x
Closed one position at 1.9738 for +58 pips...
Lets see what else happens
glad it went yur way man ...u deserve it especially after the long wait from yesterday ...
  • #63,455
  • Apr 30, 2008 8:55am Apr 30, 2008 8:55am
Quoting nAVIN2007
glad it went yur way man ...u deserve it especially after the long wait from yesterday ...
Thanks..... Just one though... Will wait for the others
  • #63,456
  • Apr 30, 2008 9:13am Apr 30, 2008 9:13am
I must admit its been a nightmare day but I think the pivot will daily break
Target daily R1 just befroe weekly.

opps daily pivot just broke
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,457
  • Apr 30, 2008 9:19am Apr 30, 2008 9:19am
Quoting priceaction
Folks I went long a few hrs ago at 1.9681 with a 100 pip SL. Perhaps I shouldn't have entered then with all the news but I did have plenty of underlying buy signals and the wave back up seemed almost as natural as the turning tide.

Part of the picture I see is below and the rest is on 30 min, 1hr and 3 hr charts.

I had a siesta, got up 2 hrs later and see that price has finally taken off after meandering up and down like a drunk Brit on a stag-night in Prague. It has just broken through the 60ema on the 30 min chart which is more reassurance that this could be a good move.

Of course any unexpected Fed news is less than 5 hrs from now and can impact the market either way, but momentum has kicked in, the plane has taken off and we're finally heading north. It's been like taking a flight from Terminal 5 at Heathrow!

The flight might go all the way and it might crash and burn. I shall scale out sooner than usual and manage with caution.

Safe trading ...particularly with potential big news ahead and on the day which defines the look and feel of the April monthly candle.

Rob
Hi Rob
so this is where u hang out !!
Couldnt keep ur hand out of the cookie jar !!!
I took +90 as well.

take care
C u on tuesday now

baz
  • #63,458
  • Apr 30, 2008 9:30am Apr 30, 2008 9:30am
Quoting baz
Hi Rob
so this is where u hang out !!
Couldnt keep ur hand out of the cookie jar !!!
I took +90 as well.

take care
C u on tuesday now

baz
Hey Baz,
I thought you were taking the day off. Nice day off for you ... +90! Excellent!

The cookies looked too good didn't they!

I will take 50% off at +100 which is 9 pips away, lock in "something" on the remaining 50% and let it go head to head for a round with the Fed.

Rob
  • #63,459
  • Apr 30, 2008 9:34am Apr 30, 2008 9:34am
ok yes I think we may go higher locked in some profit going to trail it.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,460
  • Apr 30, 2008 9:41am Apr 30, 2008 9:41am
Quoting Bones
ok yes I think we may go higher locked in some profit going to trail it.
Nice one Bones!
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