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Cable Update (GBPUSD)

  • #130,361
  • Apr 23, 2009 9:41am Apr 23, 2009 9:41am
There is a strong resistance at 4600. The cable will not penatrate this line for a long time. This is just the retracement of the cable. If you look at Bolinger Band on daily chart, the volumn is still strong for short and it is within the band not passing above the MA 20. Also, I use EMA 128 on my hour chart and the trend is still down. Becareful on long position and should exit around 1.4648. Once it finish retracing back 4300 is a target.
  • #130,362
  • Apr 23, 2009 9:43am Apr 23, 2009 9:43am
Quoting OmegaFire
News expected to push it down to 2980. Maybe I'll wait and long from there.

I sure would have taken my 70 pips earlier if i were u.
Good luck OmegaFire. Hope we are in green pips in coming sessions. Stick to your trading plan.

"Its not the journey that is importnat, its how we get there is"

Bed time for me.....

Good Trading to Ya All
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,363
  • Apr 23, 2009 9:45am Apr 23, 2009 9:45am
Quoting derek
guys, need to buy
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,364
  • Apr 23, 2009 9:52am Apr 23, 2009 9:52am
Quoting tuantran02
There is a strong resistance at 4600. The cable will not penatrate this line for a long time. This is just the retracement of the cable. If you look at Bolinger Band on daily chart, the volumn is still strong for short and it is within the band not passing above the MA 20. Also, I use EMA 128 on my hour chart and the trend is still down. Becareful on long position and should exit around 1.4648. Once it finish retracing back 4300 is a target.
and the DOW is looking a bit shaky I reckon - down 35 as at now

All in all , I have a short bias here
  • #130,365
  • Apr 23, 2009 9:55am Apr 23, 2009 9:55am
Quoting allserene
and the DOW is looking a bit shaky I reckon - down 35 as at now

All in all , I have a short bias here
drat where did that strength come from !

now it has me worried
  • #130,366
  • Apr 23, 2009 9:58am Apr 23, 2009 9:58am
Dame.... sleep what sleep....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,367
  • Apr 23, 2009 9:59am Apr 23, 2009 9:59am
hi all,..i think can start counting up right now...
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newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,368
  • Apr 23, 2009 10:00am Apr 23, 2009 10:00am
Wait, was somebody bullish last night? Hmmm...
  • #130,369
  • Apr 23, 2009 10:02am Apr 23, 2009 10:02am
lets see is it for a long time or not
- Always pray on your trading - God know the best for everyone
  • #130,370
  • Apr 23, 2009 10:06am Apr 23, 2009 10:06am
Quoting Bull_Bear

treasury going to sell truckload of bills.... wonder what short term affect will be......... still looks stalled at 4618.... im still targeting 4700 area for the week
  • #130,371
  • Apr 23, 2009 10:08am Apr 23, 2009 10:08am
Quoting tuantran02
There is a strong resistance at 4600. The cable will not penatrate this line for a long time. This is just the retracement of the cable. If you look at Bolinger Band on daily chart, the volumn is still strong for short and it is within the band not passing above the MA 20. Also, I use EMA 128 on my hour chart and the trend is still down. Becareful on long position and should exit around 1.4648. Once it finish retracing back 4300 is a target.
Will not is such a strong word if you recognise the formation brewing.
Good luck
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Thank You
  • #130,372
  • Apr 23, 2009 10:10am Apr 23, 2009 10:10am
Quoting OmegaFire
3000 seems to be holding for now.
Went long EU @ 3013 TP 3063.
Gave me a miserable 25 pip. should have been on GU or UC

First went short 6n GU - lost 10 pips then long with high lots. So help me God
In all your ways acknowledge Him and He will direct your path.
  • #130,373
  • Apr 23, 2009 10:10am Apr 23, 2009 10:10am
Quoting jack.canadia
Wait, was somebody bullish last night? Hmmm...
I remember you .... http://www.forexfactory.com/showpost...&postcount=962
Hi 5 mate
Thank You
  • #130,374
  • Apr 23, 2009 10:15am Apr 23, 2009 10:15am
Quoting OmegaFire
Gave me a miserable 25 pip. should have been on GU or UC

First went short 6n GU - lost 10 pips then long with high lots. So help me God
made back 25% of my account. EU dropping now. shortin GU temporarily
In all your ways acknowledge Him and He will direct your path.
  • #130,375
  • Apr 23, 2009 10:17am Apr 23, 2009 10:17am
Quoting mr.m
the day will remain bull! i think!
i dont expect a bearish move till later in the NY session - need a clear signal for that!
  • #130,376
  • Apr 23, 2009 10:19am Apr 23, 2009 10:19am
Quoting OmegaFire
made back 25% of my account. EU dropping now. shortin GU temporarily
I popped a quick scalp off too and covered it asap. Looking for a buy 4595 if I am lucky or I'll just wait for a deeper pullback!
  • #130,377
  • Apr 23, 2009 10:21am Apr 23, 2009 10:21am
Quoting OmegaFire
made back 25% of my account. EU dropping now. shortin GU temporarily
Original targets are still on with long GBP and EUR....

Dangerous business chasing the market

Getting sleepy again .....

Trade well All
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,378
  • Apr 23, 2009 10:27am Apr 23, 2009 10:27am
I see 4700 attainable in the near future before a fall.

This bull flag projects 160 pips to just beyond 4700.
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  • #130,379
  • Apr 23, 2009 10:37am Apr 23, 2009 10:37am
Quoting wormboy
Will not is such a strong word if you recognise the formation brewing.
Good luck
Exited my high lot trade. placed a pending BUY order for 4630. Waiting....
In all your ways acknowledge Him and He will direct your path.
  • #130,380
  • Apr 23, 2009 10:40am Apr 23, 2009 10:40am
Quoting OmegaFire
Exited my high lot trade. placed a pending BUY order for 4630. Waiting....
Wait for a pullback to see if this break can sustain itself!
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