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Cable Update (GBPUSD)

  • #205,961
  • Mar 15, 2010 5:57am Mar 15, 2010 5:57am
The sun is out and I am working from home <cough><cough>. My battery is flat , the car that is, but my laptop is fully charged, so that I can sit in the garden and maybe I will actually do some work called my job.

I am in bouyant mood this morning and all I can think of doing is cracking jokes. I hope everyone is having as much fun as I am this morning.

Where do I think cable will go... who cares what I think. I just hope you're having a green day.

Smell you later.
  • #205,962
  • Mar 15, 2010 5:57am Mar 15, 2010 5:57am
Where is Baby Trader anyway ?

As i can recall, last week he is targetting 1.5800 ??

Hopefully he is fine..
  • #205,963
  • Mar 15, 2010 5:58am Mar 15, 2010 5:58am
Quoting Honored
Got out of my short. Thank you no stress for the pips.

Just curious how 1.5042 is the magical number to get out of short ? is that previous support ? just trying to learn, i am new thanks in advance.

I won't stop shorting at this time ..... the 4h chart is still look very ... short
  • #205,964
  • Mar 15, 2010 6:03am Mar 15, 2010 6:03am
Quoting ams
What are you suggesting, please clarify...


Do you intend to go long or short target what timeframe and where with SL please?

ta
ams
Sure....What difference does it make -50 or -100 pips when you are aiming +800? #235
  • #205,965
  • Mar 15, 2010 6:04am Mar 15, 2010 6:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are a super trader beyond my wallet !!

Please excuse my ignorance.


ta
ams


Yquote=TheLastCoke;3551340]Sure....What difference does it make -50 or -100 pips when you are aiming +800? #235[/quote]
  • #205,966
  • Mar 15, 2010 6:08am Mar 15, 2010 6:08am
Quoting TheLastCoke
Sure....What difference does it make -50 or -100 pips when you are aiming +800? #235
Mmmmmm.... See u at 1.22. Much easier follow the trend, than think of excuses to go against it. The trend has been bearish since 2.0. Why now?
  • #205,967
  • Mar 15, 2010 6:09am Mar 15, 2010 6:09am
Quoting Clouds
Mmmmmm.... See u at 1.22. Much easier follow the trend, than think of excuses to go against it.
Bookmark this page please.

GL.
  • #205,968
  • Mar 15, 2010 6:10am Mar 15, 2010 6:10am
CHILLED BEER SHOP in India

Ignore the spellings though
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  • #205,969
  • Mar 15, 2010 6:10am Mar 15, 2010 6:10am
Quoting TheLastCoke
Bookmark this page please.

GL.
why, u shouldn't be concerned if u or i were right or wrong in 5 months, focus more on your account balance.
  • #205,970
  • Mar 15, 2010 6:12am Mar 15, 2010 6:12am
Quoting Clouds
why
So we can both easily go back to this page.
  • #205,971
  • Mar 15, 2010 6:14am Mar 15, 2010 6:14am
Quoting Clouds
why, u shouldn't be concerned if u or i were right or wrong in 5 months, focus more on your account balance.
Mate, with all due respect, there are short, medium and long term calls.....and I'm just reading my charts and USING PROPER MM.
  • #205,972
  • Mar 15, 2010 6:15am Mar 15, 2010 6:15am
Quoting malcolmb14
One thing and I am not telling anyone how to trade

IT is Sunday evening low volume Asian session. We have buyers off Fridays close and last weeks close at 1,5150, we could even drop 40 pip - 60 pip under it on a shake out .

YET I see all kinds of calls short .. with 200 pip plus targets.

How about we wait to get a close under Fridays daily close and a re-test of that? ... till then we could have another up day and you are all just giving money away for nothing. You may as well donate it to charity at least you will feel better about it.

Yes...
  • #205,973
  • Mar 15, 2010 6:19am Mar 15, 2010 6:19am
Quoting TheLastCoke
Mate, with all due respect, there are short, medium and long term calls.....and I'm just reading my charts and USING PROPER MM.
well, i understand, that it could be tempting, to long GU (long-term). but my problem with this view, is that other pairs have plenty of room to the down side , AU, NU, EU, ect...
  • #205,974
  • Mar 15, 2010 6:34am Mar 15, 2010 6:34am
Well, I'M BACK! after a ridiculous fitness session!
Looks like bears are in full control!!!

maybe break 1.50 and go 1.40???

this will be an interesting point as I see there is already heated debate!
@pawpaw1000 on Twitter
  • #205,975
  • Mar 15, 2010 6:51am Mar 15, 2010 6:51am
As I’ve written several hours before, cable made a downside move, that was significant. The pair succeeded to decline lower that 50% Fibo line in a few hours.

Now it seems to me a good entry point to test the possibility of the uptrend continuation, as the risk ratio is profitable. Buy orders can be opened with stops below 1.492 and targets above 1.522, as shown at 15min chart.

As the pair has broken the previous peak ~1.52 (you can see it in my previous entries about GBPUSD), the probability of forming of wave 5 is very high (the impulse, according to Elliott, must have 5 waves).

Chart is in signature link
  • #205,976
  • Mar 15, 2010 6:56am Mar 15, 2010 6:56am
Quoting pawpaw1000
Well, I'M BACK! after a ridiculous fitness session!
Looks like bears are in full control!!!

maybe break 1.50 and go 1.40???

this will be an interesting point as I see there is already heated debate!
Off-topic, the French are in full control! Which team do you play for and what position? After the English display over the weekend, they will get slaughtered this coming weekend.
  • #205,977
  • Mar 15, 2010 6:56am Mar 15, 2010 6:56am
1013 GMT [Dow Jones] While EUR/USD rebound is being supported by positive news coming out of Europe on Greece, there is little in the way of positive fundamental news supporting sterling's current rally says BNP Paribas. The pair is now at the day's low of 1.5037. The bank says a break below 1.4990 would be a renewed bearish signal and trigger a decline towards the recent 1.4875 and 1.4785 lows. ([email protected])
Contact us in London. +44-20-7842-9464 [email protected] Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?...95TXJ7oQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
March 15, 2010 06:13 ET (10:13 GMT)
  • #205,978
  • Mar 15, 2010 7:01am Mar 15, 2010 7:01am
Quoting bbakker
Off-topic, the French are in full control! Which team do you play for and what position? After the English display over the weekend, they will get slaughtered this coming weekend.
thats right, and it is to be expected with all the money the french are investing in their rugby! I play for a Fed 1 team who are ranked 1st and is set to rise to Pro D 2 this year (Division 2). I'm South African Btw, this is my first season in france. Playing Lock but am still the youngster in the team at 23...

Reckon france will smash england 28-12

Sorry for the side track guys...
@pawpaw1000 on Twitter
  • #205,979
  • Mar 15, 2010 7:03am Mar 15, 2010 7:03am
Quoting pawpaw1000
thats right, and it is to be expected with all the money the french are investing in their rugby! I play for a Fed 1 team who are ranked 1st and is set to rise to Pro D 2 next year (Division 2). I'm South African Btw, this is my first season in france. Playing Lock but am still the youngster in the team at 23...

Reckon france will smash england 28-12

Sorry for the side track guys...
wow, really
  • #205,980
  • Mar 15, 2010 7:07am Mar 15, 2010 7:07am
Quoting pawpaw1000
thats right, and it is to be expected with all the money the french are investing in their rugby! I play for a Fed 1 team who are ranked 1st and is set to rise to Pro D 2 this year (Division 2). I'm South African Btw, this is my first season in france. Playing Lock but am still the youngster in the team at 23...

Reckon france will smash england 28-12

Sorry for the side track guys...
is rugby good pay?
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