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Cable Update (GBPUSD)

  • #205,601
  • Mar 12, 2010 10:04am Mar 12, 2010 10:04am
Quoting wormboy
okay. you sure picked an awkward spot to long. But, whatever works for you

Bounced off 5120 support and shot off straight to resistance. Easy trade if anyone bought that dip. Doubt we'll see past 6200. Don't matter if it did tho, would be good for my longs as well
and its now above 76, think it could go to 90????

mmmm....
pressure!
@pawpaw1000 on Twitter
  • #205,602
  • Mar 12, 2010 10:09am Mar 12, 2010 10:09am
reckon I should exit at 95???

Or just lighten my load?
@pawpaw1000 on Twitter
  • #205,603
  • Mar 12, 2010 10:13am Mar 12, 2010 10:13am
Quoting pawpaw1000
reckon I should exit at 95???

Or just lighten my load?
you said earlier you only wanted 20 pips.
I think now you've already got more than what you asked for. I reckon you stick to the plan, bag your pips & enjoy your weekend.
Thank You
  • #205,604
  • Mar 12, 2010 10:14am Mar 12, 2010 10:14am
got out at 92...

WOW! my first really good break out trade!!! am so chuffed!
@pawpaw1000 on Twitter
  • #205,605
  • Mar 12, 2010 10:15am Mar 12, 2010 10:15am
why exit now? the fun is just beginning - never a bad idea to book pips tho - in the end up to you!
Good luck!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #205,606
  • Mar 12, 2010 10:15am Mar 12, 2010 10:15am
Quoting wormboy
thought when you said you got in @5150, you sold.

I am LONG the Great One. All the way is clear for a possible retracements. Hope U are Long with me...
  • #205,607
  • Mar 12, 2010 10:16am Mar 12, 2010 10:16am
Just hit 1.52 more room for up move
  • #205,608
  • Mar 12, 2010 10:17am Mar 12, 2010 10:17am
Quoting Pyramus
Just hit 1.52 more room for up move
I GOT OUT!!!!!
@pawpaw1000 on Twitter
  • #205,609
  • Mar 12, 2010 10:18am Mar 12, 2010 10:18am
maybe buy again at 1.52??? if it retraces???
@pawpaw1000 on Twitter
  • #205,610
  • Mar 12, 2010 10:21am Mar 12, 2010 10:21am
Quoting pawpaw1000
got out at 92...

WOW! my first really good break out trade!!! am so chuffed!

Click less and U will bag in more... Before U click to Trade, U charged a commision or pip spread... So chill and sit in a Trade till either TP or SL.
  • #205,611
  • Mar 12, 2010 10:23am Mar 12, 2010 10:23am
Quoting Reznik
Click less and U will bag in more... Before U click to Trade, U charged a commision or pip spread... So chill and sit in a Trade till either TP or SL.
Reckon it is now clearly a bull market??? 1.52 is really is strong resistance, and now support. Hoping it will retrace to 52 so I can get some more. Was propably the clever thing to do to bag my pips just before the big resistance?

Do wish I had stayed in now :-(
@pawpaw1000 on Twitter
  • #205,612
  • Mar 12, 2010 10:25am Mar 12, 2010 10:25am
[quote= direct-trade;3546535 ]Could be mate. Asia Banks buying GBP ATM, and we had Russia and Swiss in on the act over the last 2 days or so, seems the way forward is up to me. This perfect bearish formation here on the 1 hr which looks like a potential large downside move is a concern, unless...enticer for the Shorts before a shove through their Stops....

I can't ignore the Weekly pin and then the daily bullish reversal formation completed yesterday.

I would say a break and hold above 15150-60 see's a sustained run to 15320 area after a quick pitstop at 15195/15200 area you have pointed out...mind you I am watching the G/J ploughing the pips nicely also ATM : ) However, the name of the game might be chop shop for the rest of the session.

E/G looks like it's about to drop its arse through the floor which should help us nicely[ /quote]

As mentioned above, lovely 1 hr reversal formation formed, followed by price move to downside only to reverse back up through the short stops. Chart below shows what I mean.

E/G has dropped as expected and helping G/U.

Continuing to hold Long G/U, G/J and E/U from the lows.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-12-03-10-03.gif Size: 21 KB
  • #205,613
  • Mar 12, 2010 10:27am Mar 12, 2010 10:27am
Good day to you,

Most people are too scared to talk about it - or even reference it... PA aiming to eventually close the gap left 2 weeks ago. Period.

See next week

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gudaily8.gif Size: 14 KB
  • #205,614
  • Mar 12, 2010 10:27am Mar 12, 2010 10:27am
[quote=direct-trade;3547099]
Quoting direct-trade
Could be mate. Asia Banks buying GBP ATM, and we had Russia and Swiss in on the act over the last 2 days or so, seems the way forward is up to me. This perfect bearish formation here on the 1 hr which looks like a potential large downside move is a concern, unless...enticer for the Shorts before a shove through their Stops....
Quoting direct-trade

I can't ignore the Weekly pin and then the daily bullish reversal formation completed yesterday.
[color=blue]...
reckon bulls will keep it above 1.52???
@pawpaw1000 on Twitter
  • #205,615
  • Mar 12, 2010 10:28am Mar 12, 2010 10:28am
Quoting TauTrader
Good day to you,

Most people are too scared to talk about it - or even reference it... PA aiming to eventually close the gap left 2 weeks ago. Period.

See next week

Regards
So, bull or bear???
@pawpaw1000 on Twitter
  • #205,616
  • Mar 12, 2010 10:29am Mar 12, 2010 10:29am
[quote=pawpaw1000;3547105]
Quoting direct-trade
[i][color=blue]

reckon bulls will keep it above 1.52???
Depends on how many sell orders we just triggered.
  • #205,617
  • Mar 12, 2010 10:31am Mar 12, 2010 10:31am
[quote=pawpaw1000;3547105]
Quoting direct-trade
[i][color=blue]

reckon bulls will keep it above 1.52???

Trade the trend cause the trend is your friend... And read your Chart it always tell atale.
  • #205,618
  • Mar 12, 2010 10:33am Mar 12, 2010 10:33am
Quoting pawpaw1000
So, bull or bear???
Bullish to 1.5240/50

From there, we wait and see...

The fire is burning high, the darts wait... gotta go

Regards
  • #205,619
  • Mar 12, 2010 10:33am Mar 12, 2010 10:33am
[quote=Reznik;3547122]
Quoting pawpaw1000


Trade the trend cause the trend is your friend... And read your Chart it always tell atale.
well, the trend is telling me to buy but the 1.52 resistance is telling me to wait until a clear break???
@pawpaw1000 on Twitter
  • #205,620
  • Mar 12, 2010 10:34am Mar 12, 2010 10:34am
Quoting pawpaw1000

reckon bulls will keep it above 1.52???
....and I wouldn't be looking to try and enter a trade this late on a Friday afternoon (GMT) if I were you.
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