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Cable Update (GBPUSD)

  • #133,521
  • May 21, 2009 3:50am May 21, 2009 3:50am
Quoting Exciter135
My system tell me to do so. It is very aggressive with countertrend, just for scalping, the market direction cannot be told until now.

Whats the system, can you enlighten us....
  • #133,522
  • May 21, 2009 3:51am May 21, 2009 3:51am
Quoting Cultured
Or one large motherfuckin gamble!
cultured??????
  • #133,523
  • May 21, 2009 3:52am May 21, 2009 3:52am
Quoting Marj
What yes there is, yesterdays lows etc. Lets see it test down there claiming no support, there is always support somewhere its finding it....
5446?
  • #133,524
  • May 21, 2009 3:52am May 21, 2009 3:52am
Great got 100+pips....... i take profit...
again enter on retreacement
I am still short with pound against dollor and euro.....still going great..
Can any one suggest is it still worthy to short pound.....
  • #133,525
  • May 21, 2009 3:53am May 21, 2009 3:53am
Quoting GlobalMacro
Potential trend reversal, bearish momentum confirmation , hence stop & reverse @ 1.5611
Threatening to break the trend line here.
Attached Image
Hear the music before the song is over ...
  • #133,526
  • May 21, 2009 3:53am May 21, 2009 3:53am
Time to reverse
  • #133,527
  • May 21, 2009 3:54am May 21, 2009 3:54am
Actually I don't like this situation.. even i just won it... because its really lucky.. .. not fair huh?
  • #133,528
  • May 21, 2009 3:54am May 21, 2009 3:54am
Entered long at 5530...lets see what happens...
  • #133,529
  • May 21, 2009 3:55am May 21, 2009 3:55am
It bounces back almost everytime from FiboExpansion 100 (at least in shorter timeframes), and the daily trendline upper channel was so close, so I was with 3 shorts from last night, but I dont do that anymore, it was not relaxing trading. Happy to survive that sh*t.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 11 KB
  • #133,530
  • May 21, 2009 3:55am May 21, 2009 3:55am
Quoting sreeprakash
GbpUsd need a correction before resuming up trend.
I expect it go to 1.5645/1.5550. Expecting only...

If it break 1.5812, may be the correction cancel and go up.
Cant say anything actually...
Acquired second target 1.5550.
Glad I did not traded on this;
Sad I did not traded on this;
ABCD..
  • #133,531
  • May 21, 2009 3:56am May 21, 2009 3:56am
Quoting dode
I know - original TP was 5550 but with stop at 5825 so slightly positive risk /reward. Just panicked with the speed of the move and the fact retail sales was just about to come out !
Shouldn't hsave panicked - original target hit - bugger!!
  • #133,532
  • May 21, 2009 3:56am May 21, 2009 3:56am
i think it will hit really good support about 5111, that's if it makes it past yesterdays lows
  • #133,533
  • Edited 4:07am May 21, 2009 3:56am | Edited 4:07am
Quoting Marj
Whats the system, can you enlighten us....
I don't know how to post image file.

Oh, I tried much but cannot upload, coz my internal network doesn't permit upload files to outside. I m trading with Center of Gravity.
  • #133,534
  • May 21, 2009 3:58am May 21, 2009 3:58am
Quoting sedakensearc
Great got 100+pips....... i take profit...
again enter on retreacement
I am still short with pound against dollor and euro.....still going great..
Can any one suggest is it still worthy to short pound.....
  • #133,535
  • May 21, 2009 3:59am May 21, 2009 3:59am
closed everything.. done for today.. +88 pips in total.. above my daily target but hey, whats so bad about winning a bit.. lol..
  • #133,536
  • May 21, 2009 3:59am May 21, 2009 3:59am
Hesitated too. There was a minute bearish divergence on the H1 MACD, stoch and RSI...Oh well...
Never Stop Learning...
  • #133,537
  • May 21, 2009 4:00am May 21, 2009 4:00am
Waiting for stochastic u-turn & scalp the retrace until touch the heiken-ashi.. huhuhu..
  • #133,538
  • May 21, 2009 4:00am May 21, 2009 4:00am
BOUNCE, maybe
  • #133,539
  • May 21, 2009 4:02am May 21, 2009 4:02am
This pair's suffering a severe case of a medical condition - better known as diarrhea
Hear the music before the song is over ...
  • #133,540
  • May 21, 2009 4:04am May 21, 2009 4:04am
Quoting Exciter135
I don't know how to post image file.
You could still explian, all charts are different I know but to sell right at the top....at around 3am.

Anyway an insight would have been nice.

Can you email lol........ you know how to attach files?
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