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Cable Update (GBPUSD)

  • #134,281
  • May 27, 2009 1:01am May 27, 2009 1:01am
Quoting deboooo2005
hi short 1.5970 .... take profit 1.5820
Good Morning My Friends,

Midnight short was nice as everytime minimize risk SL @ BE

Nothing to lose
  • #134,282
  • May 27, 2009 1:10am May 27, 2009 1:10am
Quoting deboooo2005
Good Morning My Friends,

Midnight short was nice as everytime minimize risk SL @ BE

Nothing to lose
Closed at BE +16

i'm out for today

time to sleep

Good day ALL.
  • #134,283
  • May 27, 2009 1:14am May 27, 2009 1:14am
Quoting biax
Closed at BE +16

i'm out for today

time to sleep

Good day ALL.
not hitted here .... high was 1.5961 ... still profit running

sorry for you
  • #134,284
  • May 27, 2009 1:27am May 27, 2009 1:27am
still.
if i can get a SELL signal from my 1H charts, the 4H is giving a huge room to do so.
Attached Image
  • #134,285
  • May 27, 2009 1:40am May 27, 2009 1:40am
Quoting Galatasaray
still.
if i can get a SELL signal from my 1H charts, the 4H is giving a huge room to do so.

What happened to the GOOD OLD DAYS when the GBP hit the TOP of the H4 Trend line and it went DOWN, then when it the BOTTOM of the H4 Trend line, it went UP?
  • #134,286
  • May 27, 2009 1:40am May 27, 2009 1:40am
Quoting deboooo2005
not hitted here .... high was 1.5961 ... still profit running

sorry for you

Sorry for me My BE is hitted now
  • #134,287
  • May 27, 2009 1:42am May 27, 2009 1:42am
i short again 1.5974
  • #134,288
  • May 27, 2009 1:44am May 27, 2009 1:44am
Quoting thirtypips
What happened to the GOOD OLD DAYS when the GBP hit the TOP of the H4 Trend line and it went DOWN, then when it the BOTTOM of the H4 Trend line, it went UP?
ah i miss those days.
i could have easily place shorts if that was the case.
but you never know in these market conditions
  • #134,289
  • May 27, 2009 1:47am May 27, 2009 1:47am
Quoting deboooo2005
i short again 1.5974
Man, it has yet to come near 1.60 .. why not wait to short as close to 1.60 as possible?

Now you sit through a draw down for jumping the gun. I think she may get to near 6050, that's where I am looking to short.
  • #134,290
  • May 27, 2009 1:57am May 27, 2009 1:57am
Quoting jack.canadia
Man, it has yet to come near 1.60 .. why not wait to short as close to 1.60 as possible?

Now you sit through a draw down for jumping the gun. I think she may get to near 6050, that's where I am looking to short.

i get out now at break even ... 1.6000 will not be a good point to short may i look to buy from dip
  • #134,291
  • May 27, 2009 1:58am May 27, 2009 1:58am
Quoting deboooo2005
i get out now at break even ... 1.6000 will not be a good point to short may i look to buy from dip
a close above 1.6010 with the start of the new 4H chart, breaking this channel line, could be a good place to go long.
Attached Image
  • #134,292
  • May 27, 2009 1:59am May 27, 2009 1:59am
Hi all...new day, new opportunities... sorry forgot to post but i entered long at 5935 and close 5995...i think that it might fall back and then try again, this is the first time it came to this level that every1 has been talking about for the past month...+60 is a good start and we arent even in the london session.
  • #134,293
  • May 27, 2009 2:03am May 27, 2009 2:03am
Quoting jack.canadia
Man, it has yet to come near 1.60 .. why not wait to short as close to 1.60 as possible?

Now you sit through a draw down for jumping the gun. I think she may get to near 6050, that's where I am looking to short.
hey jack, i closed my long at 5995 from 5935..i too want to short from 6040, thats 38% daily...last time it hit 23% daily it was a 600 pip drop, lets see what happens...what do u think about that.
  • #134,294
  • May 27, 2009 2:17am May 27, 2009 2:17am
Quoting 4xHero
hey jack, i closed my long at 5995 from 5935..i too want to short from 6040, thats 38% daily...last time it hit 23% daily it was a 600 pip drop, lets see what happens...what do u think about that.
A currency will go down if there are Sellers and UP is there are buyers so if there are enough Sellers that are waiting for GU to hit 38% Fib, then it will drop. Maybe this is what everyone is waiting for and then they will ALL jump in.

If she drops at 38%, it will drop until there are no more Seller and the Buyers come back in.
  • #134,295
  • Edited 10:16am May 27, 2009 2:24am | Edited 10:16am
long from ~1.5930..took some profit but holding on to some, ~1.6030 target
  • #134,296
  • May 27, 2009 2:29am May 27, 2009 2:29am
Don't we have a bull penant pattern on the 5 minute now? Can't post the chart but look and let me know what you think.
  • #134,297
  • May 27, 2009 2:35am May 27, 2009 2:35am
Passes 1.60000000
Waiting from yesterday to pass through it...
  • #134,298
  • May 27, 2009 2:36am May 27, 2009 2:36am
i dont know about a bull penant...but my charts are also giving me a bullish bias.

i have a small amount still long from 1.5930, after taking my profits. i have a tight stop and im gunning for ~1.6030. anyone else looking at similar targets? or is everyone looking to short at 1.6000
  • #134,299
  • Edited 2:40am May 27, 2009 2:37am | Edited 2:40am
Buying from 1.5982, SL is 40 pips, TP not decided.. Lets see..
In weekly chart I see potential of 1.6800 zone...
ABCD..
  • #134,300
  • May 27, 2009 2:43am May 27, 2009 2:43am
I think this puppy just might go up. We'll see but here are my thoughts. We have a bullish engulfing pattern on the 1 h (2h also but it hasn't closed so it doesn't count), the half hour, the 15 minute and the 5. We also just closed above the 1.6000 mark on the 5 minute and their is a test with the 5 minute really testing. The 1.7500 ish area was a pivot and the 5 minute has been closed above it for a little while, the 15 minute tested but didn't break, the half hour tested and didn't break and the 1 hour broke below for one hour but there was a quick rejection.

There was also a huge rejection of the 50 EMA on the half hour (not sure why this is important but it is very accurate so I don't dispute it). There was also a big rejection of the 1.5900 resistence area if you look on the one hour. There are a few other hints but that is enough for now. I am seeing a big confluence of events that point upwards.


I know the 1.6000 area is important so frankly the next few hours will tell us. Any thoughts?
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