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Cable Update (GBPUSD)

  • #130,481
  • Apr 24, 2009 4:00am Apr 24, 2009 4:00am
3200 ema on 30mins chat touched...will it stand as a big support? if it hold, that means we are heading upwards...if not then downwards....

just my idea
  • #130,482
  • Apr 24, 2009 4:07am Apr 24, 2009 4:07am
Quoting jack.canadia
Taking a shot on a retracement here in line with bearish expectations...

Shorted 4625

SL = 4655
TP = 4580 (unless breaks through)

I will move the stop down if it breaks 4600.

Let's see how she moves. I have 90 pips tonight already so if this trade fails, its bed time!
Here he goes again
Let Price determine your future!
  • #130,483
  • Apr 24, 2009 4:11am Apr 24, 2009 4:11am
Quoting Geppyg
Here he goes again
Your comments to me are not welcomed.
  • #130,484
  • Apr 24, 2009 4:13am Apr 24, 2009 4:13am
alcando...are you there?...you have not said any thing today?..are you still picking your green pips....please do let us know your idea for today..
  • #130,485
  • Apr 24, 2009 4:13am Apr 24, 2009 4:13am
Is 1h the pin? will working or not?
  • #130,486
  • Apr 24, 2009 4:14am Apr 24, 2009 4:14am
can't get a clue about this PA, i thing gdp news was pretty important news and enough bad? what are the reasons for moving up, or it's a move up, before us session and before falling even lower?
  • #130,487
  • Apr 24, 2009 4:14am Apr 24, 2009 4:14am
Quoting jack.canadia
Your comments to me are not welcomed.
Lol.....Got a naked cable trading thread then....
Let Price determine your future!
  • #130,488
  • Apr 24, 2009 4:23am Apr 24, 2009 4:23am
Jack i like your posts and your take on cable.....keep it up pal
  • #130,489
  • Apr 24, 2009 4:33am Apr 24, 2009 4:33am
Quoting Endrju
can't get a clue about this PA, i thing gdp news was pretty important news and enough bad? what are the reasons for moving up, or it's a move up, before us session and before falling even lower?
Always have this at the back of your mind..that most of the time market tend to go back after the news..that is market goes were it want to go after the news...like now,we are in a neutral market supported by Bollingar bands..using 5mins charts..good for Scalping...like alcando will always say...30pips each time..it touches the band..using the band as your mini R and S..

JUST MY IDEA
  • #130,490
  • Apr 24, 2009 4:58am Apr 24, 2009 4:58am
Quoting alfamichi
Always have this at the back of your mind..that most of the time market tend to go back after the news..that is market goes were it want to go after the news...like now,we are in a neutral market supported by Bollingar bands..using 5mins charts..good for Scalping...like alcando will always say...30pips each time..it touches the band..using the band as your mini R and S..

JUST MY IDEA
I play the same game most of the time!
  • #130,491
  • Apr 24, 2009 5:01am Apr 24, 2009 5:01am
Quoting riggster
Jack i like your posts and your take on cable.....keep it up pal
ditto..he can definately trade...
  • #130,492
  • Apr 24, 2009 5:03am Apr 24, 2009 5:03am
Endrju,

You need to be aware that peoples speculative take on currency pairs and news are entirely different form everyone else's. Everyone has their own agenda also. This might be part of a hedge strategy, people might be taking quick profits and exiting, people may have set limit orders, etc. The list could go on.

There are 2 facets to the news: immediate short term and then generally a longer speculative overview. Traders will trade on one or the other or both at the same time.

Quoting Endrju
can't get a clue about this PA, i thing gdp news was pretty important news and enough bad? what are the reasons for moving up, or it's a move up, before us session and before falling even lower?
  • #130,493
  • Apr 24, 2009 5:13am Apr 24, 2009 5:13am
My idea was that gdp is one of the most important news and that i was waiting for bigger impact on PA and i was thinking that resistance level would be at 80/90. I just wasn't expecting this big bounce.
And yes, i still has lot to learn and my experience is not that big, but it comes with time.
Thanks for responses
  • #130,494
  • Apr 24, 2009 5:14am Apr 24, 2009 5:14am
Quoting Endrju
can't get a clue about this PA, i thing gdp news was pretty important news and enough bad? what are the reasons for moving up, or it's a move up, before us session and before falling even lower?
what u need to ask yourself?....

why is the news important?
what time frame are u trading?
are u a emotional trader? if u are then news is good
are larger time frames more accurate?
am i trying to guess what will happen next? and if so why?
what are u doing as a chartist to not trade emotion?

hopefully by answering these question...u will unlock the key to some of your issues
  • #130,495
  • Apr 24, 2009 5:36am Apr 24, 2009 5:36am
Im still going long despite the funds - I think the worst is behind - for me to say that is a pretty big thing!!
  • #130,496
  • Apr 24, 2009 5:50am Apr 24, 2009 5:50am
DJ futures are down. USA will bring GBP down
  • #130,497
  • Apr 24, 2009 5:52am Apr 24, 2009 5:52am
Options expire today too. Quite possible that this will have a negative impact on the £.
Quoting Terminale
DJ futures are down. USA will bring GBP down
  • #130,498
  • Apr 24, 2009 6:02am Apr 24, 2009 6:02am
Quoting Limstylz
Options expire today too. Quite possible that this will have a negative impact on the £.
As long as gbp is going down I am OK...
The Market pays you to be disciplined
  • #130,499
  • Apr 24, 2009 6:22am Apr 24, 2009 6:22am
it is putting up a pretty good fight! i am short too
  • #130,500
  • Apr 24, 2009 6:24am Apr 24, 2009 6:24am
What was the highest point of yesterday ? 1.4743 or 1.4740 ?
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