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Cable Update (GBPUSD)

  • #128,421
  • Mar 31, 2009 2:49am Mar 31, 2009 2:49am
Quoting PipLand
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
Good call Pipland, I'm hoping for a break of the trend line and the 21MA. Its now bounced twice off the 1.4250 level. This time the bounce is a lower high following a double top. Would like to see it clear 1.4250 level......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,422
  • Mar 31, 2009 2:55am Mar 31, 2009 2:55am
Quoting Bull_Bear
Good call Pipland, I'm hoping for a break of the trend line and the 21MA. Its now bounced twice off the 1.4250 level. This time the bounce is a lower high following a double top. Would like to see it clear 1.4250 level......
Ive had a rethink and if we do break the uptrend these levels may be much more sensible for taking profit.
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  • #128,423
  • Mar 31, 2009 3:07am Mar 31, 2009 3:07am
Hello everybody

this is a view .... no clear trade till now
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  • #128,424
  • Mar 31, 2009 3:20am Mar 31, 2009 3:20am
Quoting PipLand
Ive had a rethink and if we do break the uptrend these levels may be much more sensible for taking profit.
Moving SL to break even.... see how it plays out now....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,425
  • Mar 31, 2009 3:23am Mar 31, 2009 3:23am
Quoting deboooo2005
Hello everybody

this is a view .... no clear trade till now
Agreed. Unless you're scalping, atm is a complete waste of time as it's pretty much just a gamble more than anything.
Good luck tho
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Thank You
  • #128,426
  • Mar 31, 2009 3:23am Mar 31, 2009 3:23am
Quoting Bull_Bear
Moving SL to break even.... see how it plays out now....
There Could be a massive move for longs......On bloomberg they are just talking about another 500bn ....QE
Let Price determine your future!
  • #128,427
  • Mar 31, 2009 3:28am Mar 31, 2009 3:28am
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  • #128,428
  • Mar 31, 2009 3:29am Mar 31, 2009 3:29am
Quoting Geppyg
There Could be a massive move for longs......On bloomberg they are just talking about another 500bn ....QE
Thanks for the heads up.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,429
  • Mar 31, 2009 3:37am Mar 31, 2009 3:37am
hope she will touch 1.4210 before move up
  • #128,430
  • Mar 31, 2009 3:37am Mar 31, 2009 3:37am
Quoting wormboy
Agreed. Unless you're scalping, atm is a complete waste of time as it's pretty much just a gamble more than anything.
Good luck tho

i dont like sclaping becuase i dont have alot of time to stay watch the market ... monitoring ..
  • #128,431
  • Mar 31, 2009 3:46am Mar 31, 2009 3:46am
Quoting deboooo2005
i dont like sclaping becuase i dont have alot of time to stay watch the market ... monitoring ..
That makes the both of us. That & the fact that the adrenaline is wee bit too much for my liking when scalping.
Thank You
  • #128,432
  • Mar 31, 2009 3:56am Mar 31, 2009 3:56am
Quoting wormboy
That makes the both of us. That & the fact that the adrenaline is wee bit too much for my liking when scalping.
adrenaline ... yeah ... is very important ... adventure there is alot of adrenaline and risk
  • #128,433
  • Mar 31, 2009 4:22am Mar 31, 2009 4:22am
from this point - it seems like a good place to short at the break of 250 - based on my analysis!
  • #128,434
  • Mar 31, 2009 4:27am Mar 31, 2009 4:27am
Quoting Fx1618
GMT 0700 - 27/03

Bias - Short
Trade - Short @ 1.4459

Caution ***4hr - Price still above 50EMA but well below 10EMA Envelopes
SHORT - 1hr - Price below 50EMA & 10EMA Envelopes
SHORT - 30min - Price below 50EMA & 10EMA Envelopes

MTF 5EMA Short
Closed this one a bit prematurely last night 30/03 20:21 @ 1.4264 +195, but for the good of it. We are currently at about the same level again and my Bias is still short. Will update as a new trade develops.
  • #128,435
  • Mar 31, 2009 4:29am Mar 31, 2009 4:29am
Quoting wormboy
That makes the both of us. That & the fact that the adrenaline is wee bit too much for my liking when scalping.
Me neither can handle that kind of Adrenaline, I make stupid mistakes when I try to scalp, I'll rather do Bungee Jumping for the rush
  • #128,436
  • Mar 31, 2009 4:35am Mar 31, 2009 4:35am
Quoting mr.m
from this point - it seems like a good place to short at the break of 250 - based on my analysis!
chart:
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  • #128,437
  • Mar 31, 2009 4:36am Mar 31, 2009 4:36am
Quoting mr.m
from this point - it seems like a good place to short at the break of 250 - based on my analysis!
I was looking at the same the same level myself.... Assuming top of trend line and 72MA hold, downside should continue. Unless we break top side shorts are aborted!
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,438
  • Mar 31, 2009 4:37am Mar 31, 2009 4:37am
Quoting Bull_Bear
I was looking at the same the same level myself.... Assuming top of trend line and 72MA hold, downside should continue. Unless we break top side shorts are aborted!
true..just have to wait and watch now!
  • #128,439
  • Mar 31, 2009 4:42am Mar 31, 2009 4:42am
Quoting Fx1618
Me neither can handle that kind of Adrenaline, I make stupid mistakes when I try to scalp, I'll rather do Bungee Jumping for the rush
Bungee jump! okay it's a manage a trois now lol.
Anyway, there are some cool cats here who can scalp, much respect to them.
Btw, mr m. why below 250? I think theres some wood to chop if we're gonna get to short the crap out of cable. This is what I see on the hourly & 4hrly.
We might just breakout north instead from here instead of south from where we are right now. Pretty much a gamble calling for a direction right now dont you think?
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Thank You
  • #128,440
  • Mar 31, 2009 4:44am Mar 31, 2009 4:44am
mr m : thanks for the chart
sorry about that, I was posting, didn't realise you've posted the chart. Thanks again.
Thank You
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