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Cable Update (GBPUSD)

  • #126,121
  • Mar 12, 2009 5:36am Mar 12, 2009 5:36am
We already got 200 pips of daily range... if it shoot, my guess is max 1,3850 or 1.3885 - dowside 1.3688 or 1.36 53 - but its forex so...
  • #126,122
  • Mar 12, 2009 5:41am Mar 12, 2009 5:41am
Quoting wormboy
Well I'm at the office atm and I have no charts here so I can't post. The recent charts I've put up was only on dragon & euro jpy. I'll post it up later when I get home.
Anyway, I am short & not too worried about cable breaching 3900 atm. It's up to you really. Good luck ub, I'm off jogging. Catch you later.

another 30 pip and i am out for now and wait or retracement and will talk to you when you will be online take care

have a good day

Ub
  • #126,123
  • Mar 12, 2009 5:43am Mar 12, 2009 5:43am
Quoting wormboy
Afternoon Pip
Going strong for me atm. I'm up +108 on good old cable (late last night open). And I'm taking my broker to the cleaners on two trades I have placed on dragon & euro jpy The updates are posted in the hole mate.
Anyway, I'm sure you'll turn it around, you will always do my friend
Nice Work!


I took some profit off my long at 3794 on the close of the last hour, the rest is running at BE+1 so will see how it goes im still bullish for today though, only today I will be bearish again once were up a bit higher lol
  • #126,124
  • Mar 12, 2009 5:53am Mar 12, 2009 5:53am
I am picking the bottom for GU at 1.3500

I hope this level holds..I am loading up..


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  • #126,125
  • Mar 12, 2009 5:58am Mar 12, 2009 5:58am
Quoting rgitt05
I am picking the bottom for GU at 1.3500

I hope this level holds..I am loading up..


Thats good news for my long then
  • #126,126
  • Mar 12, 2009 6:07am Mar 12, 2009 6:07am
Quoting PipLand
Thats good news for my long then
Morning, Pipland
I am considering long for myself, but I am not clear.
There is inverted H&S or triple bottm in 4H, but at the same time stochs are pointed down. Which sign has more weight?
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  • #126,127
  • Mar 12, 2009 6:32am Mar 12, 2009 6:32am
Quoting Komissar
Morning, Pipland
I am considering long for myself, but I am not clear.
There is inverted H&S or triple bottm in 4H, but at the same time stochs are pointed down. Which sign has more weight?
Morning Komissar I dont really use Stochs I have alook at them from time to time and they sometimes make me feel better about a trade but the reason i dont trust them much is they look very different in diff time frames.

I like the long on cable today i see EG has put in a double top this could be a reverse H&S too put the price action is bullish and that makes me want to go long more than an indicator
  • #126,128
  • Edited 6:50am Mar 12, 2009 6:37am | Edited 6:50am
Quoting PipLand
Morning Komissar I dont really use Stochs I have alook at them from time to time and they sometimes make me feel better about a trade but the reason i dont trust them much is they look very different in diff time frames.

I like the long on cable today i see EG has put in a double top this could be a reverse H&S too put the price action is bullish and that makes me want to go long more than an indicator
Thanks, Pipland
I caught long at 3749, and locked it at BE+5 now. Let's see.
Actually, there is double bottom on 15M now
  • #126,129
  • Mar 12, 2009 6:44am Mar 12, 2009 6:44am
Quoting Komissar
Thanks, Pipland
I catched long at 3749, and locked it at BE+5 now. Let's see.
Actually, there is double bottom on 15M now
NIce entry this could be good, fingers crossed, I shorted Eg too
  • #126,130
  • Mar 12, 2009 6:48am Mar 12, 2009 6:48am
Here are my observations on Cable.


Any thoughts or comments are welcome.
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"The trend is your friend, until the end."
  • #126,131
  • Mar 12, 2009 7:02am Mar 12, 2009 7:02am
Quoting Komissar
Thanks, Pipland
I caught long at 3749, and locked it at BE+5 now. Let's see.
Actually, there is double bottom on 15M now
I love it when a plan comes together theres good potential here with the added resistance from EG if we get out of 3900 then could see 3990
  • #126,132
  • Mar 12, 2009 7:10am Mar 12, 2009 7:10am
Quoting PipLand
I love it when a plan comes together theres good potential here with the added resistance from EG if we get out of 3900 then could see 3990
I was not greedy enough. TP was set at 3815, and it was trigerred while I was getting coffee. Waiting for another setup. Considering 3800 for the long.
  • #126,133
  • Mar 12, 2009 7:16am Mar 12, 2009 7:16am
Quoting PipLand
I love it when a plan comes together theres good potential here with the added resistance from EG if we get out of 3900 then could see 3990
i took my profit for now im gonna wait for next chance
  • #126,134
  • Mar 12, 2009 7:16am Mar 12, 2009 7:16am
Quoting Komissar
I was not greedy enough. TP was set at 3815, and it was trigerred while I was getting coffee. Waiting for another setup. Considering 3800 for the long.
hehe snap i didnt like the last candle
  • #126,135
  • Mar 12, 2009 7:18am Mar 12, 2009 7:18am
I took profit at 809.1 too at a +44.1 for today, looking to short.. but not sure when to get in.
_______________ Say Good-bye to Buy-and-Hold
  • #126,136
  • Mar 12, 2009 7:19am Mar 12, 2009 7:19am
Quoting PipLand
hehe snap i didnt like the last candle
Me neither. There is a bearish pin on 15M. From experience pins are not reliable on 15M, but it can bring down price for several pips. On a side, waiting.
BTW, where is US data? Why it's delayed?
  • #126,137
  • Mar 12, 2009 7:21am Mar 12, 2009 7:21am
morning wave chart variant
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  • #126,138
  • Mar 12, 2009 7:21am Mar 12, 2009 7:21am
Quoting Komissar
Me neither. There is a bearish pin on 15M. From experience pins are not reliable on 15M, but it can bring down price for several pips. On a side, waiting.
yeah if I only had a cable long open I wouldnt have closed but i had 2 trades running both long the £ so had more risk on the table my EG was closed at a small loss but took nice big profit from my cable
  • #126,139
  • Mar 12, 2009 7:28am Mar 12, 2009 7:28am
i've put an order in to go long again from 1.38 as there seems to be a resistance/support from pivot lines
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_______________ Say Good-bye to Buy-and-Hold
  • #126,140
  • Mar 12, 2009 7:31am Mar 12, 2009 7:31am
Fundamentally, following an overnight fall in the Nikkei, equally bad openings across the FTSE, DAX & EURO 300 markets, as well as a sleight of a less than desirable news announcements, culminating and what will likely be the announcement that the US experienced its 9th straight monthly decline in retail sales, I see the Cable heading south following its intra-day retracement to .50 or .618 Fibo levels and testing the 1.3720 range.

This is just my humble opinion however, as it is my first post on there here forums, take them with a grain of sea salt.

On that note, I just wanted to give my respects to all of the regular posters on this forum. I've learned a tonne over the past month just from reading your opinions and analysing your charts and trades.
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