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Cable Update (GBPUSD)

  • #128,761
  • Apr 2, 2009 5:50am Apr 2, 2009 5:50am
There`s something strange going on and going to happen... Maybe this is the last 1.45, 1.46, etc.. We might go to 1.5+ and then 1.6+ and so on...
  • #128,762
  • Apr 2, 2009 5:56am Apr 2, 2009 5:56am
Quoting Fx1618
tx WormBoy, thats the only thing we can do, & come to think of it.... wait let me just blast this greedy litle of my left shoulder ... there we go.

What more do we want.
lol. you're welcome my friend. long since yesterday still intact & we're looking to buy the dip later. Shorts? What shorts? My awesome sell button is now broken
Thank You
  • #128,763
  • Apr 2, 2009 5:57am Apr 2, 2009 5:57am
Quoting Fx1618
Well done there Bull Bear, maybe you found that "grail" on the exits as mentioned in my previous post.
Thanks mate, you not to shabby with your profit too Good to see everyone on the right side of pips today. Yeah, i was getting a little nervous after you took profit..... hopefully greens is the story of today for everyone....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,764
  • Apr 2, 2009 5:57am Apr 2, 2009 5:57am
If USDJPY cuts through 100.00, it`s gonna skyrocket, since GJ will make it possible...
  • #128,765
  • Apr 2, 2009 6:09am Apr 2, 2009 6:09am
Quoting wormboy
lol. you're welcome my friend. long since yesterday still intact & we're looking to buy the dip later. Shorts? What shorts? My awesome sell button is now broken
Mine was too, but its reached top of channel so I think we should see a retrace now. Already got 30 with SL at BE so no biggy. We will see how it plays out.
  • #128,766
  • Apr 2, 2009 6:16am Apr 2, 2009 6:16am
Quoting Abuawad
Happy trading
Hi Abu, now i'm trying your method using my virtual account. I got 2 execute order with successfully result. If I found condition now, that GU doesn't execute my Last Order, at 1.4724... My opinion (based on your analyst), that she will go down around R2. 1.4598...

What do you think??
Nice Analyst by the way...
just follow the trend...
  • #128,767
  • Apr 2, 2009 6:19am Apr 2, 2009 6:19am
Quoting Touchdown
Short from 1.4711...its hit top of channel, think we will see a retrace now.
Short from 1.4706 too but i dont know where is the target retrace, do you have suggest ?
  • #128,768
  • Apr 2, 2009 6:32am Apr 2, 2009 6:32am
Quoting randu
Short from 1.4706 too but i dont know where is the target retrace, do you have suggest ?
atleast till 1.4598 !
Good Luck !
  • #128,769
  • Apr 2, 2009 6:41am Apr 2, 2009 6:41am
another 250+ pips thanks bro thanks for your postings missed short but now wait to take long now

Ub
  • #128,770
  • Apr 2, 2009 6:43am Apr 2, 2009 6:43am
I saw the top of channel now, which confluenced with the daily upward target 1.4675 (average daily range).

2nd target 4767
3rd target 4859
{Promotion Removed}
  • #128,771
  • Apr 2, 2009 6:49am Apr 2, 2009 6:49am
Wots with the sudden volitility??????
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,772
  • Apr 2, 2009 6:51am Apr 2, 2009 6:51am
Quoting Hasnaa
atleast till 1.4598 !
Good Luck !
Well we are going against the trend so I'm a little careful. I'm thinking 1.4598 is about right but we could see as low as 1.4500 if we break that. I'm moving my SL as we move down to lock in profits. Good luck!
  • #128,773
  • Apr 2, 2009 6:51am Apr 2, 2009 6:51am
Ub,
You're welcome brother. Nice work
Thank You
  • #128,774
  • Apr 2, 2009 6:55am Apr 2, 2009 6:55am
Quoting Bull_Bear
Wots with the sudden volitility??????
Hmmm, lets see...

G20, ECB rate decision, and a sleight of other key economic announcements.

It's always been an underlying curiosity of mine to know how many people on here actively monitor the fundamentals & accompanying, and how many are pure technical traders that rely only on charts and then cry foul when the market moves against them in a perceived unpredictable and erratic fashion.
  • #128,775
  • Apr 2, 2009 6:57am Apr 2, 2009 6:57am
Morning, fellows

OK, we went through euro rate cut, less then expected, so GU dropped.

Next news - US unemployment claims. After yesterday ADP data, it could be higher then expected. If so, what impact on GU we may see?
  • #128,776
  • Apr 2, 2009 7:01am Apr 2, 2009 7:01am
Quoting TradingWeels
Hmmm, lets see...

G20, ECB rate decision, and a sleight of other key economic announcements.

It's always been an underlying curiosity of mine to know how many people on here actively monitor the fundamentals & accompanying, and how many are pure technical traders that rely only on charts and then cry foul when the market moves against them in a perceived unpredictable and erratic fashion.
yeah ECB the culprit with rate decision. Completely forgot as i'm staying out of EUR/US today cos of volitility.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,777
  • Apr 2, 2009 7:03am Apr 2, 2009 7:03am
Quoting TradingWeels
Hmmm, lets see...

G20, ECB rate decision, and a sleight of other key economic announcements.

It's always been an underlying curiosity of mine to know how many people on here actively monitor the fundamentals & accompanying, and how many are pure technical traders that rely only on charts and then cry foul when the market moves against them in a perceived unpredictable and erratic fashion.
i don't like big news like rate statement any country... I'll stay away from market.. watch the effect.. for 6 month, i grab only 2x win (TP executed), and more than 10 lost(SL executed) when I have an open position before big news.. following wild chart... urgh....

happy trading...
just follow the trend...
  • #128,778
  • Apr 2, 2009 7:03am Apr 2, 2009 7:03am
Hey Gang,

She's been doing these Irratic STRONG BULL,
U-TURN's / "Fake Out" Head & Shoulders,

So I wouldn't be shorting into Bad US News,
ahead right about now folks...
Good Luck Either way gang,
&- Best of Pippin & Chart'in...
Terrapin Pipper

Jeff !
I will work to Objectively Identify my Edges
  • #128,779
  • Apr 2, 2009 7:07am Apr 2, 2009 7:07am
chart updates................ it was there all along....stop guessing and trade
Price action of GBP USD so far looks good. As projected (and debated to death, LOL), it is on the way to take out previous ITD 4 high at 4770 and also to take out previous ITD 1 / MTD 9 high at 4985.

Let's see in the next several days if cable prefers to do a triangle wave 4 and go back to 3800 or prefers a flat and goes above 4980. Delta logic indicates expanded flat as a lot more probable. Monthly Candlestick seems to also support that way.

http://www.forexfactory.com/showpost...stcount=128470
Attached Image(s) (click to enlarge)
Click to Enlarge Name: delta 1.gif Size: 15 KB
Click to Enlarge Name: delta 2.gif Size: 49 KB
Don't chase the market, Let the market come to you
  • #128,780
  • Apr 2, 2009 7:09am Apr 2, 2009 7:09am
Quoting TerpFan2
Hey Gang,

She's been doing these Irratic STRONG BULL,
U-TURN's / "Fake Out" Head & Shoulders,

So I wouldn't be shorting into Bad US News,
ahead right about now folks...
Good Luck Either way gang,
&- Best of Pippin & Chart'in...
Terrapin Pipper

Jeff !

Hello Jeff..so what you are saying is that you still see shorting as possibility if.

So far..it is not clear the direction the Pound will take...
Hearing that the worst is behind us....etc. for the UK.

I still see whipsaw effect for all day today...and lots of sideways movement
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