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Cable Update (GBPUSD)

  • #127,241
  • Mar 19, 2009 5:15am Mar 19, 2009 5:15am
Good Morning All,

Well, being a newbie, I expect to see things I've never seen before but MAN, Yesterday's move just blew me away!

I never expected the playing field to be level between retail and the big boys BUT, what really burns my butt is, That huge move happened in one minute and that ONE minute was 13 minutes BEFORE the announcement.

I checked the 1m chart and it happened at 18:17 (GMT). To me, that's just criminal!!

Oh well, a nice Harley ride to shake it off yesterday and I'm back for more...LOL

May all your pips be green (again)..
Ghost Rider - WWTBMD?
  • #127,242
  • Mar 19, 2009 5:18am Mar 19, 2009 5:18am
Quoting PipLand
Morning Wormboy! Hows it going?

Yeah im not 100% sold on going long from these levels I would love to see some retracement and a nice bullish signal to show up to go long form there but im probably asking too much lol
Afternoon brother. Doing quite good. Dragon's been feeding me well this morning
Yea, took the trade on cable since the rr seems good. Tight stop placed, so not too worried about it. Good luck brother
Thank You
  • #127,243
  • Mar 19, 2009 5:19am Mar 19, 2009 5:19am
Quoting PipLand
im long now 4300 lets see what happens im keeping a tight leash on this
added on the tiny pull back at 4315 as well wish me luck
  • #127,244
  • Mar 19, 2009 5:20am Mar 19, 2009 5:20am
its going up by another 2 hours
  • #127,245
  • Mar 19, 2009 5:22am Mar 19, 2009 5:22am
Quoting PipLand
added on the tiny pull back at 4315 as well wish me luck
oh well stopped out BE will wait again
  • #127,246
  • Mar 19, 2009 5:23am Mar 19, 2009 5:23am
patient

I just closed 1 long @ 4319..

GU have big Resistance @ 4361

Flat!

Time to play AOE...

CU all...
  • #127,247
  • Mar 19, 2009 5:23am Mar 19, 2009 5:23am
Quoting muthusai2000
Count me in that list buddy. I wonder after all the chart scanning, trend lines, pivots, fibs, mov avgs.........the final blow is from a news ! As a newbie this makes me think why all these technicals fail against the fundamental.
What you saw yesterday rarely happens.
Thank You
  • #127,248
  • Mar 19, 2009 5:25am Mar 19, 2009 5:25am
Quoting wormboy
Afternoon brother. Doing quite good. Dragon's been feeding me well this morning
Yea, took the trade on cable since the rr seems good. Tight stop placed, so not too worried about it. Good luck brother
Nice one! im already out set SL too tight i reckon but didnt want the risk i got in on candles and momentum im gonna look for a bounce of the 10EMA hopefully will get one
  • #127,249
  • Mar 19, 2009 5:26am Mar 19, 2009 5:26am
Quoting mackagawa81
its going up by another 2 hours
why?
Thank You
  • #127,250
  • Mar 19, 2009 5:27am Mar 19, 2009 5:27am
im thinking if the 4 hr can close above 1.4300 then more up
Attached Image (click to enlarge)
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  • #127,251
  • Mar 19, 2009 5:29am Mar 19, 2009 5:29am
Quoting nAVIN2007
im thinking if the 4 hr can close above 1.4300 then more up
Agreed. I have 4325 -4350 on my radar.
Thank You
  • #127,252
  • Mar 19, 2009 5:30am Mar 19, 2009 5:30am
Quoting wormboy
Agreed. I have 4325 -4350 on my radar.
  • #127,253
  • Mar 19, 2009 5:32am Mar 19, 2009 5:32am
seems going up.
anyone?
  • #127,254
  • Mar 19, 2009 5:37am Mar 19, 2009 5:37am
Quoting nAVIN2007
im thinking if the 4 hr can close above 1.4300 then more up
Morning Navin Thats what im thinking!
  • #127,255
  • Mar 19, 2009 5:40am Mar 19, 2009 5:40am
Quoting PipLand
Morning Navin Thats what im thinking!
But .... till that happens .. grab your oxygen tank, goggles & flippers & we dive
Thank You
  • #127,256
  • Mar 19, 2009 5:41am Mar 19, 2009 5:41am
1.4375?
anyone?
  • #127,257
  • Mar 19, 2009 5:47am Mar 19, 2009 5:47am
Quoting Ardafx
1.4375?
anyone?
If cable close above that level you mentioned, 46xx seems the likely destination. So if she clears, fire it away mate
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 72 KB
Thank You
  • #127,258
  • Mar 19, 2009 5:48am Mar 19, 2009 5:48am
Quoting PipLand
Morning Navin Thats what im thinking!
morning bro, yes looking at price and its reaction to 1.43 on 15 minute shows perhaps its a significant area to act for support..lets see

i just wish the dailly trendline wasnt in the way
Attached Image (click to enlarge)
Click to Enlarge Name: results.gif Size: 22 KB
  • #127,259
  • Mar 19, 2009 5:49am Mar 19, 2009 5:49am
Do u guys think there's further slide in dollar when Tarullo speaks today?
  • #127,260
  • Mar 19, 2009 5:50am Mar 19, 2009 5:50am
Quoting wormboy
If cable close above that level you mentioned, 46xx seems the likely destination. So if she clears, fire it away mate
u are developing into a great trader my friend..keep it up its obviously working

the 4hr candle is bullish like a mofo
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