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Cable Update (GBPUSD)

  • #203,481
  • Mar 4, 2010 5:47am Mar 4, 2010 5:47am
1m chart forming baby H & S with target at 133... might get there...........or not
  • #203,482
  • Mar 4, 2010 5:48am Mar 4, 2010 5:48am
Quoting uksnowman
there is plenty of wood to chop before you worry about that
i can't see the cable lower than 1.50 before it reaches 1.53, of course i might be wrong
  • #203,483
  • Mar 4, 2010 5:48am Mar 4, 2010 5:48am
Quoting FXFundi
Have a look at the weekly - a hammer is forming which is a strong BULLish signal. I'm looking for a retrace to the 1.5000 / 1.4900 level to enter long - until then sitting on the sidelines.
you owe me beer
Thank You
  • #203,484
  • Mar 4, 2010 5:49am Mar 4, 2010 5:49am
Quoting forex baraka
magix, at waht point would you take a long? cheers.
I already am long...

But...That being said, the chart that needs confirmation is the 5m, price close above 24SMA which is currently set @ 1.5097. A close of candle on the 5 is a trigger on trend, exit trade if we close back below.

That being said...pretty choppy market, and I am holding from 1.5012....sooooooooo play cautiously.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,485
  • Mar 4, 2010 5:50am Mar 4, 2010 5:50am
Quoting FXFundi
Have a look at the weekly - a hammer is forming which is a strong BULLish signal. I'm looking for a retrace to the 1.5000 / 1.4900 level to enter long - until then sitting on the sidelines. (Also have a look at EUR/USD weekly - 3 Tweezer bottoms and a hammer froming on the 618 FIB)
thank you and all contributors to this thread
  • #203,486
  • Mar 4, 2010 5:51am Mar 4, 2010 5:51am
Quoting wormboy
I know .. I was being sarcastic DOH!
Hey Wormie, I owe you a beer! need to make a plan to get it to you.
May the forex be with you |
  • #203,487
  • Mar 4, 2010 5:52am Mar 4, 2010 5:52am
Can someone help them?
Attached Image
  • #203,488
  • Mar 4, 2010 5:52am Mar 4, 2010 5:52am
Quoting cinex
will somebody agree to put a trailing stop of 35 when 1.5335 is reached, to hopefully see 1.5450 or more , then go down if needed
Put Your money in the table or take it away boy...
I will be the number one Manager.
  • #203,489
  • Mar 4, 2010 5:53am Mar 4, 2010 5:53am
Quoting FXFundi
Hey Wormie, I owe you a beer! need to make a plan to get it to you.
you can email em to me. make sure they arrive cold tho
how are you buddy. hope you are trading well
Thank You
  • #203,490
  • Mar 4, 2010 5:53am Mar 4, 2010 5:53am
Quoting FXFundi
Have a look at the weekly - a hammer is forming which is a strong BULLish signal. I'm looking for a retrace to the 1.5000 / 1.4900 level to enter long - until then sitting on the sidelines. (Also have a look at EUR/USD weekly - 3 Tweezer bottoms and a hammer froming on the 618 FIB)
If this thing drops from 15133, it might not be a hammer for long
  • #203,491
  • Mar 4, 2010 5:53am Mar 4, 2010 5:53am
Quoting wormboy
you owe me beer
Our posts obviously crossed, you are correct - well done on your bet! You are da man! (I hope you make a lot of tin from that bet)
May the forex be with you |
  • #203,492
  • Mar 4, 2010 5:57am Mar 4, 2010 5:57am
Quoting TrueBlue
If this thing drops from 15133, it might not be a hammer for long
Can't drop to 1.5133 - it's currently below that.
May the forex be with you |
  • #203,493
  • Mar 4, 2010 5:57am Mar 4, 2010 5:57am
Quoting cinex
i can't see the cable lower than 1.50 before it reaches 1.53, of course i might be wrong
No I'm also bullish short-term but I found it a bit strange why you would worry about whether to place a trailing stop at a price that is over 200 pips away.
  • #203,494
  • Mar 4, 2010 6:01am Mar 4, 2010 6:01am
Just too godamn predictable and boring cable ............
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  • #203,495
  • Mar 4, 2010 6:01am Mar 4, 2010 6:01am
Quoting FXFundi
Can't drop to 1.5133 - it's currently below that.
I guess you're tired too; my post read "if this thing drops FROM 1.5131...
  • #203,496
  • Mar 4, 2010 6:02am Mar 4, 2010 6:02am
G JPY spiked up 70+ pips
  • #203,497
  • Mar 4, 2010 6:04am Mar 4, 2010 6:04am
Quoting ffguy
G JPY spiked up 70+ pips
check out the m5
Thank You
  • #203,498
  • Mar 4, 2010 6:07am Mar 4, 2010 6:07am
The 24SMA on 5m is moving up, as is price, but still not confirmed.

1m supports a long side play and is working with the 15m, but we are still in undecided territory as for adding or taking a long side position as far as I see...

A close above the red line here is the trigger on trend...but with this much apparent resistance...It's not looking that happy yet.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,499
  • Mar 4, 2010 6:08am Mar 4, 2010 6:08am
no break no sheack we need a h1 open above the line for up or they are coming for u
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  • #203,500
  • Mar 4, 2010 6:09am Mar 4, 2010 6:09am
Quoting Magix
I already am long...

But...That being said, the chart that needs confirmation is the 5m, price close above 24SMA which is currently set @ 1.5097. A close of candle on the 5 is a trigger on trend, exit trade if we close back below.

That being said...pretty choppy market, and I am holding from 1.5012....sooooooooo play cautiously.
OH!!! GREAT MASTER!!!!!! HEAR THE KLAXON CALL. THE BEAR CAVALRY APPROACHES AT GREAT SPEED.

SCARED MONEY NEVER DOES GOOD IN FOREX
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