Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#128,541
Mar 31, 2009 11:20pm Mar 31, 2009 11:20pm

Abu-Rami
Joined Jul 2007 | Status: Senior Member | 1,553 Posts

the H&S still hold.

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#128,542
Mar 31, 2009 11:27pm Mar 31, 2009 11:27pm

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting Abuawad

Disliked

the H&S still hold.

Ignored

yeah nice spotting from last night

. I've been dwelling on that too. We could complete the second shoulder, than fireworks..... but until than its the waiting game....

Veni, Vidi, Vici (We came, we saw, we conquered)

#128,543
Mar 31, 2009 11:42pm Mar 31, 2009 11:42pm

errich fx
| Commercial User | Joined Mar 2009 | 778 Posts

I trade short 1.4320 stop 1.4350 target 1.4280

#128,544
Mar 31, 2009 11:51pm Mar 31, 2009 11:51pm

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

there is no short signal, price is still ranging with bias still favoring long after the triangle break. Pray harder. Good luck.

Thank You

#128,545
Mar 31, 2009 11:55pm Mar 31, 2009 11:55pm

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting wormboy

Disliked

there is no short signal, price is still ranging with bias still favoring long after the triangle break. Pray harder. Good luck.

Ignored

again its a question of where ur entry point is.

From my earlier post....

I'm not convince if she's look'n Top Heavy at all. It's taken out the 1 hour trend line in the last NY session. In today's Asian session it rejected the 4 hour trend with extra resistence of the 72MA coninciding at 1.4365. I've been on the short @ 1.4360 and holding it until the 4h trendline is cleaninly taken out. Seeing potential for 1.4120 which than brings us back to the 50% Fib and 16/3 high resistence.

Veni, Vidi, Vici (We came, we saw, we conquered)

#128,546
Mar 31, 2009 11:55pm Mar 31, 2009 11:55pm

riggster
| Joined Sep 2008 | Status: A rough road leads to the stars. | 356 Posts

Quoting errich fx

Disliked

I trade short 1.4320 stop 1.4350 target 1.4280

Ignored

Im short from 320 but with a much tighter stop of 10. looking for a bollinger bounce on 15m. Scalping atm

#128,547
Apr 1, 2009 12:17am Apr 1, 2009 12:17am

mr.m
| Joined Aug 2007 | Status: Trader | 219 Posts

short for me too! - lets see..

#128,548
Apr 1, 2009 12:19am Apr 1, 2009 12:19am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting Bull_Bear

Disliked

again its a question of where ur entry point is.

From my earlier post....

I'm not convince if she's look'n Top Heavy at all. It's taken out the 1 hour trend line in the last NY session. In today's Asian session it rejected the 4 hour trend with extra resistence of the 72MA coninciding at 1.4365. I've been on the short @ 1.4360 and holding it until the 4h trendline is cleaninly taken out. Seeing potential for 1.4120 which than brings us back to the 50% Fib and 16/3 high resistence.

Ignored

and you speak only of the resistance with no regards to the support level. 4120? Kind of far fetched. Unless you don't see 4250 & 4150, especially 4150 level being a significant support.

Thank You

#128,549
Apr 1, 2009 12:26am Apr 1, 2009 12:26am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting wormboy

Disliked

and you speak only of the resistance with no regards to the support level. 4120? Kind of far fetched. Unless you don't see 4250 & 4150, especially 4150 level being a significant support.

Ignored

Typo mate... 1.4220 is the 50% fibo and 16/3 resistence

Veni, Vidi, Vici (We came, we saw, we conquered)

#128,550
Apr 1, 2009 12:30am Apr 1, 2009 12:30am

mr.m
| Joined Aug 2007 | Status: Trader | 219 Posts

Quoting mr.m

Disliked

short for me too! - lets see..

Ignored

rsi < 50
divergence on stoch

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#128,551
Apr 1, 2009 12:32am Apr 1, 2009 12:32am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

ah okay. anyway good luck

Thank You

#128,552
Apr 1, 2009 12:33am Apr 1, 2009 12:33am

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

hello

i see that 1.4388 Hard resistance .... if cable broke it will go high ... right now some sclaper could play good on 15 min chart ... but main bais buy above 1.4388 or sell below 1.4300

#128,553
Apr 1, 2009 1:06am Apr 1, 2009 1:06am

Fx1618
| Joined Sep 2006 | Status: Trader | 839 Posts

Quoting Fx1618

Disliked

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.

Ignored

Finally
GMT 0800 - 01/04

Bias - long
Trade - Long @ 1.4370

LONG - 4hr - Price above 50EMA & 10EMA Envelopes
LONG - 1hr - Price above 50EMA & 10EMA Envelopes
LONG - 30min - Price above 50EMA & 10EMA Envelopes

*** Caution as MTF 5EMA still not completely in a Long

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