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Cable Update (GBPUSD)

  • #130,301
  • Apr 23, 2009 1:07am Apr 23, 2009 1:07am
Quoting Terminale
The rise is due to profit taking of the pokemons . they will reshort it at around 590
Dont know man. Nikkei is way up, as are every other index. This move could have some balls to it.
  • #130,302
  • Apr 23, 2009 1:07am Apr 23, 2009 1:07am
Quoting Terminale
The rise is due to profit taking of the pokemons . they will reshort it at around 590
My SL was taken out at from last nights short position. My short trend has changed to up, aborting short side, taking her back long. I'm long @ 1.4550. EUR/US also manage to stay above 1.3000 level, if she continues to climb could favour the GBP.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,303
  • Apr 23, 2009 1:12am Apr 23, 2009 1:12am
Quoting jack.canadia
Dont know man. Nikkei is way up, as are every other index. This move could have some balls to it.
http://money.cnn.com/data/world_markets/index.html

Green everywhere.
  • #130,304
  • Apr 23, 2009 1:21am Apr 23, 2009 1:21am
Quoting jack.canadia
I shorted 4581
Closed +28.

Here is the next plan.

Buy pullback to 4525 area (Daily pivot, 38.2 from yesterday high to low, resistance)

Sell a break of and pullback to 4525 area.

Buy a break above and pullback to 4600 and blue trendline.

Above 4600 I see us trying to reach 4700. Reasonable since the past few days have been 200+ pips range.


Also, to be bullish...

EUR/GBP rallied down to a nice support level (seen on 4 hour)
USD index below 86.20 en route to 86.00
World market indexes up = increased risk appetite
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 40 KB
  • #130,305
  • Apr 23, 2009 1:26am Apr 23, 2009 1:26am
Above 4600 I see us trying to reach 4700.

Agreed Jack..... you bet me to the punch, 1.4700 is a good target, i expect some major resistance there too.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,306
  • Apr 23, 2009 1:29am Apr 23, 2009 1:29am
Quoting jack.canadia
4510-4525 is where I expect a bounce and possible long.
Bouncing aroung 4555 - 4580. Waiting for Up confirmation from my M5
In all your ways acknowledge Him and He will direct your path.
  • #130,307
  • Apr 23, 2009 1:38am Apr 23, 2009 1:38am
Again same story will happen. once you set your longs. and Europe will open. GU will drop and you will collect red pip.

double shotting star 15tf and a evening star 30 tf. that clearly say : oh oh , forget the long
  • #130,308
  • Apr 23, 2009 1:41am Apr 23, 2009 1:41am
Quoting jack.canadia
4510-4525 is where I expect a bounce and possible long.

i have fibo level at 4524 too... thats funny
  • #130,309
  • Apr 23, 2009 1:42am Apr 23, 2009 1:42am
Quoting Terminale
Again same story will happen. once you set your longs. and Europe will open. GU will drop and you will collect red pip.

double shotting star 15tf and a evening star 30 tf. that clearly say : oh oh , forget the long
Not today my friend....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,310
  • Apr 23, 2009 1:47am Apr 23, 2009 1:47am
Order in the works to test the bull case.

Entry 4535
Stop 4515
TP 4600 or better

We just tested the 30 level and bounced quickly. Looking to catch it again for a re-test.
  • #130,311
  • Apr 23, 2009 2:02am Apr 23, 2009 2:02am
Quoting jack.canadia
Order in the works to test the bull case.

Entry 4535
Stop 4515
TP 4600 or better

We just tested the 30 level and bounced quickly. Looking to catch it again for a re-test.
Anyone take the trade?
  • #130,312
  • Apr 23, 2009 2:02am Apr 23, 2009 2:02am
Quoting Bull_Bear
Not today my friend....
Marry your long position , and you will crunched. Believe me, what made DJ drop suddently yesterday, will Send European index to hell.
  • #130,313
  • Apr 23, 2009 2:04am Apr 23, 2009 2:04am
Quoting Terminale
Marry your long position , and you will crunched. Believe me what made DJ drop suddently yesterday, will Send European index to hell.
I never marry any position. My long trade from 35 is +30 now and im covered BE. No risk, but lots of reward coming if we break 4600!
  • #130,314
  • Apr 23, 2009 2:05am Apr 23, 2009 2:05am
Quoting jack.canadia
Anyone take the trade?
Good Luck with your trade
Let Price determine your future!
  • #130,315
  • Apr 23, 2009 2:07am Apr 23, 2009 2:07am
Quoting Terminale
Marry your long position , and you will crunched. Believe me what made DJ drop suddently yesterday, will Send European index to hell.
I'm not gonna engaged into your antics. You play your hand and i'll play mine. 1.4700 is my target....... Right now i''m in love with my long position
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,316
  • Apr 23, 2009 2:08am Apr 23, 2009 2:08am
Quoting Geppyg
Good Luck with your trade
Does my trade humour you?
  • #130,317
  • Apr 23, 2009 2:13am Apr 23, 2009 2:13am
Bull flag formation on 5 minute.
Attached Image (click to enlarge)
Click to Enlarge Name: m5.gif Size: 34 KB
  • #130,318
  • Apr 23, 2009 2:15am Apr 23, 2009 2:15am
Wedding bells.... wait for ittttt

Covered +25 .. go baby go!
  • #130,319
  • Apr 23, 2009 2:15am Apr 23, 2009 2:15am
im joining the downside....
i think nobody can guess the right way
(thats the forex's law i think...)

wish luck for everybody
- Always pray on your trading - God know the best for everyone
  • #130,320
  • Apr 23, 2009 2:16am Apr 23, 2009 2:16am
Quoting jack.canadia
Wedding bells.... wait for ittttt
Good on ya Jack....
Veni, Vidi, Vici (We came, we saw, we conquered)
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