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Cable Update (GBPUSD)

  • #130,781
  • Apr 30, 2009 8:38am Apr 30, 2009 8:38am
Short term trend has turned south.... but market conditions too volitile and eratic for my liking to take position. Pulling the plug for today.......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,782
  • Apr 30, 2009 8:54am Apr 30, 2009 8:54am
i think we see 1.4900x maybe i am wrong but i think it
  • #130,783
  • Apr 30, 2009 8:56am Apr 30, 2009 8:56am
Price is hovering around the aformentioned confluous point. Price hasn't had enough of a hard bounce up. Price keeps retesting this level, and will probably go down further. There seems to be quite a bit of bearish pressure on the pair.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 28 KB
Probability Professor
  • #130,784
  • Apr 30, 2009 8:58am Apr 30, 2009 8:58am
The confluent support may become the resistance.
Probability Professor
  • #130,785
  • Apr 30, 2009 8:58am Apr 30, 2009 8:58am
long 4727
tp 4940
70 pip stop
  • #130,786
  • Apr 30, 2009 9:00am Apr 30, 2009 9:00am
Quoting tomaz55
long 4727
tp 4940
70 pip stop
brother i think some with u
  • #130,787
  • Apr 30, 2009 9:03am Apr 30, 2009 9:03am
I don't think so man

Quoting tomaz55
long 4727
tp 4940
70 pip stop
  • #130,788
  • Apr 30, 2009 9:14am Apr 30, 2009 9:14am
Quoting tomaz55
long 4727
tp 4940
70 pip stop
long too ....
  • #130,789
  • Apr 30, 2009 9:15am Apr 30, 2009 9:15am
Quoting tomaz55
long 4727
tp 4940
70 pip stop
if it will bounce from 4705 once more i will go long to target 4850, not sure it can go as high as 4945
  • #130,790
  • Apr 30, 2009 9:17am Apr 30, 2009 9:17am
Quoting Bull_Bear
Short term trend has turned south.... but market conditions too volitile and eratic for my liking to take position. Pulling the plug for today.......
you right its temporary move but it will up again stuck in Long at 4820 but let see how it goes hoping that it will up what do u say?


Ub
  • #130,791
  • Apr 30, 2009 9:19am Apr 30, 2009 9:19am
Quoting tomaz55
long 4727
tp 4940
70 pip stop
Market took a hard left turn and swung south... Too hard for my liking to continue the untrend.... It's now to the downside, I'd be looking to sell the retrace....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,792
  • Edited 9:33am Apr 30, 2009 9:23am | Edited 9:33am
Happy Day

closed my short from 1.4942 closed @ 1.4720 and stay side now
  • #130,793
  • Apr 30, 2009 9:29am Apr 30, 2009 9:29am
I reckon if the DOW sails through 8300, we will see cable and euro pick up steam - euro especially

http://www.4thegame.com/media/00/03/03/gazzabreasts.jpg
  • #130,794
  • Apr 30, 2009 9:35am Apr 30, 2009 9:35am
Quoting ubaidahsan
you right its temporary move but it will up again stuck in Long at 4820 but let see how it goes hoping that it will up what do u say?


Ub
The snap back is very vicous and a lethal blow to both the EUR and GBP. I'm personally looking for sell entry order around 1.4780, SL 1.4840.

Thats my order my friend, going to sleep with the order on the table.

I have alerts while i sleep to tell me to wake my arse up and take off if trend changes again to up, but for now .... down buddy
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,795
  • Apr 30, 2009 9:42am Apr 30, 2009 9:42am
Quoting Bull_Bear
The snap back is very vicous and a lethal blow to both the EUR and GBP. I'm personally looking for sell entry order around 1.4780, SL 1.4840.

Thats my order my friend, going to sleep with the order on the table.

I have alerts while i sleep to tell me to wake my arse up and take off if trend changes again to up, but for now .... down buddy
hmm its good what do u suggest me that close my Long in Loss and enter sell order from there?

Ub
  • #130,796
  • Apr 30, 2009 9:47am Apr 30, 2009 9:47am
Quoting ubaidahsan
hmm its good what do u suggest me that close my Long in Loss and enter sell order from there?

Ub
I don't have a position on the table now Ub, did u not let your SL take you out? Once I'm out of a trade, I try to position myself with the trend for better risk appetite.

Not sure bro, its your call....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,797
  • Apr 30, 2009 9:47am Apr 30, 2009 9:47am
Without meaning to clog the thread, if anybody wants to add me to MSN or Yahoo Messenger to chat about the markets and exchange ideas, here is my addy [email protected] . Add me if you would like.
Probability Professor
  • #130,798
  • Apr 30, 2009 9:52am Apr 30, 2009 9:52am
u don't need to sleep man

Quoting Bull_Bear
The snap back is very vicous and a lethal blow to both the EUR and GBP. I'm personally looking for sell entry order around 1.4780, SL 1.4840.

Thats my order my friend, going to sleep with the order on the table.

I have alerts while i sleep to tell me to wake my arse up and take off if trend changes again to up, but for now .... down buddy
  • #130,799
  • Apr 30, 2009 9:54am Apr 30, 2009 9:54am
Quoting mohfaid
u don't need to sleep man
F*#K yeah I'm hammered.... but the green pips this week is worth the pain
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,800
  • Apr 30, 2009 9:56am Apr 30, 2009 9:56am
so what do u think next hour what will happen ?

Quoting Bull_Bear
F*#K yeah I'm hammered.... but the green pips this week is worth the pain
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