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Cable Update (GBPUSD)

  • #204,801
  • Mar 10, 2010 5:09am Mar 10, 2010 5:09am
Quoting bbakker
Mooi gedaan!

I cashed in at 14900, maybe a little too early, but a profit nonetheless. I still have my short from 15070 open, but have gone long at 14890. A retrace is on the cards...
yeh Im waiting for that retrace to add shorts as well heh. Cable saw majority of its daily range already so a slow retrace might happen before tomorrows drop again.
  • #204,802
  • Mar 10, 2010 5:11am Mar 10, 2010 5:11am
I expect a minor retrace to about 49159, we'll see
  • #204,803
  • Mar 10, 2010 5:15am Mar 10, 2010 5:15am
Quoting bbakker
Mooi gedaan!
.... A retrace is on the cards...
Glaub' ich auch!

I think so too .. nothing goes straight down ... or does it??
******************* I'd rather make money than be right.
  • #204,804
  • Mar 10, 2010 5:16am Mar 10, 2010 5:16am
i see nothing but trip to south on every timeframe and decided to trade what i see
  • #204,805
  • Mar 10, 2010 5:18am Mar 10, 2010 5:18am
Short from 1.50 since yesterday

Target 1.40 in next 4- 8 weeks.

1000 pips profits target.
  • #204,806
  • Mar 10, 2010 5:23am Mar 10, 2010 5:23am
Quoting kingfisher
Short from 1.50 since yesterday

Target 1.40 in next 4- 8 weeks.

1000 pips profits target.
My initial long term target is 1.44, followed by 1.35
  • #204,807
  • Mar 10, 2010 5:23am Mar 10, 2010 5:23am
Quoting kingfisher
Short from 1.50 since yesterday

Target 1.40 in next 4- 8 weeks.

1000 pips profits target.
Last week I went short at current level and got srew my ass then..... The 2nd effort to break the major support 1.4854 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #204,808
  • Mar 10, 2010 5:24am Mar 10, 2010 5:24am
Im thinking we still have room for south at least until 1.45 area.
weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: cable march 10 weekly.jpg Size: 136 KB

daily:
Attached Image (click to enlarge)
Click to Enlarge Name: cable march 10 daily.jpg Size: 145 KB
  • #204,809
  • Mar 10, 2010 5:29am Mar 10, 2010 5:29am
Quoting cloggie
I expect a minor retrace to about 49159, we'll see

Coming up. Let's see if we can load up on shorts.
  • #204,810
  • Mar 10, 2010 5:29am Mar 10, 2010 5:29am
Quoting cloggie
Coming up. Let's see if we can load up on shorts.
maybe 40ish level

Edit: I think its even better to wait for US to open. Wouldnt want equities to negatively effect GU (drive GU up that is )
  • #204,811
  • Mar 10, 2010 5:30am Mar 10, 2010 5:30am
Quoting skiffx
maybe 40ish level

Not sure, lots of sellers here at 159

Edit, you are right we may see 49386

Edit, DJ futures up in early trading
  • #204,812
  • Mar 10, 2010 5:33am Mar 10, 2010 5:33am
Volume and cyclinal indicator tells me not go short
  • #204,813
  • Mar 10, 2010 5:34am Mar 10, 2010 5:34am
Quoting cloggie
Not sure, lots of sellers here at 159

Edit, you are right we may see 49386
I wonder whats driving it.
  • #204,814
  • Mar 10, 2010 5:36am Mar 10, 2010 5:36am
Quoting skiffx
I wonder whats driving it.

Don't know, positioning for GDP estimate? next stop 49960? let's see if 49386 holds.
  • #204,815
  • Mar 10, 2010 5:36am Mar 10, 2010 5:36am
Hopefully profit taking so all the EU players are out by the time NY bears kick in.
  • #204,816
  • Mar 10, 2010 5:38am Mar 10, 2010 5:38am
Quoting skiffx
Hopefully profit taking so all the EU players are out by the time NY bears kick in.
49386 seems to keep her from going further or at least slow it down a bit
  • #204,817
  • Mar 10, 2010 5:47am Mar 10, 2010 5:47am
GU slammed off 1.4940, nearly went short but hesitated and missed my entry. Damn!
{Promotion Removed}
  • #204,818
  • Mar 10, 2010 5:49am Mar 10, 2010 5:49am
Quoting PipSqueeze
GU slammed off 1.4940, nearly went short but hesitated and missed my entry. Damn!

There is still more room up
  • #204,819
  • Mar 10, 2010 5:49am Mar 10, 2010 5:49am
Quoting skiffx
yeh Im waiting for that retrace to add shorts as well heh. Cable saw majority of its daily range already so a slow retrace might happen before tomorrows drop again.
TP @ 14940 (+50)

Might add to my shorts again now. Just waiting for the right price, as the retrace has not completed yet.
  • #204,820
  • Mar 10, 2010 5:50am Mar 10, 2010 5:50am
Quoting PipSqueeze
GU slammed off 1.4940, nearly went short but hesitated and missed my entry. Damn!
She's back!
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