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Cable Update (GBPUSD)

  • #205,361
  • Mar 12, 2010 2:36am Mar 12, 2010 2:36am
Quoting pawpaw1000
and it just keeps going up... no rest stop for this train it seems!!!
Hmm... level II screen has double the amount of sells filtering in and it still keep going up. Very fishy!?
It's Easy To Get In;.. It's Hard To Get Out
  • #205,362
  • Mar 12, 2010 2:39am Mar 12, 2010 2:39am
Quoting John D
Hmm... level II screen has double the amount of sells filtering in and it still keep going up. Very fishy!?
well, I'm waiting to short but if it keeps going without significant pullback and looking to go long for a few pips if it pulls back to support.

What do you think?
@pawpaw1000 on Twitter
  • #205,363
  • Mar 12, 2010 2:43am Mar 12, 2010 2:43am
Quoting wormboy
hello dj how are you
I'm done trading for the week. Will only look to purchase gbp again beginning monday, tho I do have 1 PO laid out @1.5025 just in case.
Perfect
Only way is up. Enjoy the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 52 KB
Thank You
  • #205,364
  • Mar 12, 2010 2:51am Mar 12, 2010 2:51am
Quoting John D
Hmm... level II screen has double the amount of sells filtering in and it still keep going up. Very fishy!?
http://img13.imageshack.us/img13/407/fishy3002.jpg
  • #205,365
  • Mar 12, 2010 2:53am Mar 12, 2010 2:53am
Quoting John D
Hmm... level II screen has double the amount of sells filtering in and it still keep going up. Very fishy!?

major R here

the pros will have to either absorb it if they want higher prices or step aside and let price drop
Blogging daily now at www.volume.zone
  • #205,366
  • Mar 12, 2010 2:55am Mar 12, 2010 2:55am
Quoting wormboy
Perfect
Only way is up. Enjoy the weekend.
If this was the 61.8 retracement, we are up to 1.84 - 1.92...
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.jpg Size: 89 KB
  • #205,367
  • Mar 12, 2010 2:57am Mar 12, 2010 2:57am
hi all

darn we did not have any darn h1 open below 15040

i was wrong lets see what crazy friday dos to us
  • #205,368
  • Mar 12, 2010 2:58am Mar 12, 2010 2:58am
Quoting malcolmb14
major R here

the pros will have to either absorb it if they want higher prices or step aside and let price drop
if it drops, wont be for long, will shoot back up from bottom support.
@pawpaw1000 on Twitter
  • #205,369
  • Mar 12, 2010 3:00am Mar 12, 2010 3:00am
Quoting pawpaw1000
well, I'm waiting to short but if it keeps going without significant pullback and looking to go long for a few pips if it pulls back to support.

What do you think?
1. Never chase a trade, 1st rule.

2. The UK economy is in the crapper and their Parliament can't agree on anything. An if they lose their AAA rating. It's all good, NOT!

Just a matter of time. Sitting on hands at the moment.
It's Easy To Get In;.. It's Hard To Get Out
  • #205,370
  • Mar 12, 2010 3:01am Mar 12, 2010 3:01am
Quoting kill56
hi all

darn we did not have any darn h1 open below 15040

i was wrong lets see what crazy friday dos to us
5207.
  • #205,371
  • Mar 12, 2010 3:01am Mar 12, 2010 3:01am
Just the price on GU had touched the first Fibo line, it bounced with a high volatility to the upside. It succeeded to break the previous peak, and that means we’re watching by now the forming of wave (5).

Now, as scenario has proven, I step away from the open trades. My short-term sell on cable closed @ 1.503, and the following buy was closed at 1.511. Possibly the current uptrend continues to 1.516-1.517 level.

The formed scenario gives us 3-wave pattern to the upside, but we can’t tell then for sure where exactly the price is going to head up at least until it breaks 1.52 level (as shown earlier at 1 Hour chart). Another sign of a bullish scenario may be the completing of the 5-wave pattern, but we may wait for it for some days.

Also, it’s risky to set sell order right now, as we still have no clear confirmation of the finishing of the uptrend.

The chart describing current situation is attached in the signature link.
  • #205,372
  • Mar 12, 2010 3:02am Mar 12, 2010 3:02am
crazy cable on crazy friday
Attached Image (click to enlarge)
Click to Enlarge Name: m15 cable.gif Size: 17 KB
  • #205,373
  • Mar 12, 2010 3:03am Mar 12, 2010 3:03am
Quoting Ctic
If this was the 61.8 retracement, we are up to 1.84 - 1.92...

Beat you to it. Called it first

Quoting wormboy
Hi Ben. I'm the worm. You should follow me, martha & shittibank to 1.9
Quoting wormboy
well i have martha & shittybank on my side. 1.9 here i come
Quoting wormboy

I'm running with shiti's bulls on this one. Sterling @1.9 by June. Ha, there i said it!
lol .. i'm outta here, enjoy your weekend C. Speak to you soon
Thank You
  • #205,374
  • Mar 12, 2010 3:03am Mar 12, 2010 3:03am
Quoting pawpaw1000
if it drops, wont be for long, will shoot back up from bottom support.
maybe and maybe not

I have been buying dips all day , but only if supported by vsa
Blogging daily now at www.volume.zone
  • #205,375
  • Mar 12, 2010 3:04am Mar 12, 2010 3:04am
Quoting Ctic
5207.
sure if we open above 15138 at least h1 other wise back to the ???
  • #205,376
  • Mar 12, 2010 3:07am Mar 12, 2010 3:07am
Quoting wormboy
Beat you to it. Called it first







lol .. i'm outta here, enjoy your weekend C. Speak to you soon

salam bro enjoy bro take care

and think about 14000 while enjoying the week end
  • #205,377
  • Mar 12, 2010 3:07am Mar 12, 2010 3:07am
Quoting wormboy
Beat you to it. Called it first







lol .. i'm outta here, enjoy your weekend C. Speak to you soon

LOL...at least we are on the same page...speak to you soon.

C.
  • #205,378
  • Mar 12, 2010 3:08am Mar 12, 2010 3:08am
Quoting malcolmb14
maybe and maybe not

I have been buying dips all day , but only if supported by vsa
Maybe buy with sl below 1.5100??? mmm... Tricky time fridays???!!!!@@@@
@pawpaw1000 on Twitter
  • #205,379
  • Mar 12, 2010 3:18am Mar 12, 2010 3:18am
close half...,
i hope she goes down cos i will re-buy...,
I will be the number one Manager.
  • #205,380
  • Mar 12, 2010 3:18am Mar 12, 2010 3:18am
could do with a nice retrace to the 1.5070 area to go long on the 50% fib and the 15m 50ma
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