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Cable Update (GBPUSD)

  • #128,401
  • Mar 31, 2009 1:23am Mar 31, 2009 1:23am
I got out a bit higher, still in profit. Was away from the computer. I am liking the picture now though going into London. I am favoring a short but we will see what happens.
  • #128,402
  • Mar 31, 2009 1:34am Mar 31, 2009 1:34am
Quoting jack.canadia
I got out a bit higher, still in profit. Was away from the computer. I am liking the picture now though going into London. I am favoring a short but we will see what happens.
I shorted again @ 1.4315 with a very tight SL 1.4340 at the top of the asian session high.... Hopefully the asian high of 1.4337 will hold out which is also the 72MA resistence line.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,403
  • Mar 31, 2009 1:45am Mar 31, 2009 1:45am
Im in at 4317. Tight stop as well.
  • #128,404
  • Edited 1:50am Mar 31, 2009 1:47am | Edited 1:50am
after that daily candle today how can you all be seeing short? shes getting ready to roll upside. every attempt to break lows has failed and buyers have been persistent. gotta wait and see ive grabbed 2 longs already tonight and will continue to buy dips

but gotta trade it either way as long as green pips are being had everyones happy
  • #128,405
  • Mar 31, 2009 1:47am Mar 31, 2009 1:47am
Stopped out. Short again 4335
  • #128,406
  • Mar 31, 2009 1:50am Mar 31, 2009 1:50am
Double top at daily R1 plus some other resistance into a major market open. Usually under such circumstances, London traders will be shorting.
  • #128,407
  • Mar 31, 2009 1:52am Mar 31, 2009 1:52am
Look at the 15 minute candle wicks as well going into London. There is some selling interest.
  • #128,408
  • Mar 31, 2009 1:53am Mar 31, 2009 1:53am
This is what i'm expecting from cable..
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  • #128,409
  • Mar 31, 2009 1:58am Mar 31, 2009 1:58am
Quoting jack.canadia
Look at the 15 minute candle wicks as well going into London. There is some selling interest.
MOrning everyone, Yeah I agree GU looks to be facing a lot of selling pressure and also looks like a double top on the 15 mins.

All depends on stocks now if they rally then I doubt the double top will hold, but we could esily break lower if there is any weakness in equities
  • #128,410
  • Mar 31, 2009 1:58am Mar 31, 2009 1:58am
Quoting NwFXenthsist
after that daily candle today how can you all be seeing short? shes getting ready to roll upside. every attempt to break lows has failed and buyers have been persistent. gotta wait and see ive grabbed 2 longs already tonight and will continue to buy dips

but gotta trade it either way as long as green pips are being had everyones happy
I'm playing the short side for now. We now have a double top of asian high, plus the 72MA ressitence line. If those levels are taken out, bias would change to the top side.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,411
  • Mar 31, 2009 2:03am Mar 31, 2009 2:03am
What are you guys looking at for a target?
  • #128,412
  • Mar 31, 2009 2:04am Mar 31, 2009 2:04am
Quoting jack.canadia
Double top at daily R1 plus some other resistance into a major market open. Usually under such circumstances, London traders will be shorting.

well i must say that was a never nice entry on your part lol
  • #128,413
  • Mar 31, 2009 2:07am Mar 31, 2009 2:07am
Quoting jack.canadia
What are you guys looking at for a target?
I dunno? Unless stocks stop rallying and start selling off, probably BE
  • #128,414
  • Mar 31, 2009 2:08am Mar 31, 2009 2:08am
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  • #128,415
  • Mar 31, 2009 2:08am Mar 31, 2009 2:08am
Yeah I am covered now so I'm out.

Cheers.
  • #128,416
  • Mar 31, 2009 2:09am Mar 31, 2009 2:09am
Quoting jack.canadia
Stopped out. Short again 4335
Dude unfortunate u got stopped out and had to re-enter, at leat your fast on the trigger and back on the green side now . Still mulling over TP.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,417
  • Mar 31, 2009 2:10am Mar 31, 2009 2:10am
Quoting errich fx
Attachment
I considered that but on that M-15 chart you cant ignore that lower high made plus those candles .. and some resistance above those candles.

I would hope to break that level you have drawn.
  • #128,418
  • Mar 31, 2009 2:16am Mar 31, 2009 2:16am
Quoting jack.canadia
I considered that but on that M-15 chart you cant ignore that lower high made plus those candles .. and some resistance above those candles.

I would hope to break that level you have drawn.
Equities are starting to turn back down, its amazing how tightly correlated the $ is to equities right now
  • #128,419
  • Mar 31, 2009 2:28am Mar 31, 2009 2:28am
Quoting Bull_Bear
I'm playing the short side for now. We now have a double top of asian high, plus the 72MA ressitence line. If those levels are taken out, bias would change to the top side.

yeah i can see why, shes all over the place right now, but do we expect anything less from this lovely lady lol...ive just been buying dips since NY close im to nervous to short after the daily closed.
  • #128,420
  • Mar 31, 2009 2:30am Mar 31, 2009 2:30am
If we're lucky enough to break out of this uptrend (for those that are short)

then I will be taking profit at touches of the bottom trendline
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