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Cable Update (GBPUSD)

  • #206,101
  • Mar 15, 2010 11:49am Mar 15, 2010 11:49am
New short position opened 1.5042 SL 1.5073 TP 1.4979 as first target. Suspecting (means not sure) 1.4897 and maybe 1.4781 destinaion for GU, but waiting for confirmation when 1.4996 will be crossed and 1.49731 will be without hard resistance. We will see. Maybe i'm wrong, but position are already opened.

Good trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #206,102
  • Mar 15, 2010 11:52am Mar 15, 2010 11:52am
Quoting No Stress
New short position opened 1.5042 SL 1.5073 TP 1.4979 as first target. Suspecting (means not sure) 1.4897 and maybe 1.4781 destinaion for GU, but waiting for confirmation when 1.4996 will be crossed and 1.49731 will be without hard resistance. We will see. Maybe i'm wrong, but position are already opened.

Good trading for all.
Yes please...

lets dive!!!
@pawpaw1000 on Twitter
  • #206,103
  • Mar 15, 2010 11:58am Mar 15, 2010 11:58am
I say missis

what a lovely day to flog some yankee stocks out of my USD account and go buy some BP mucho cheapo

hows that for a flourish of the old tickling stick ?

Best to go cockling at low tide
  • #206,104
  • Mar 15, 2010 11:59am Mar 15, 2010 11:59am
I am short 50372, tp manual (sub 1.5), SL 50545
  • #206,105
  • Mar 15, 2010 12:10pm Mar 15, 2010 12:10pm
Look at U'all, speaking about who is more sure about LONG or SHORT... And who's with more experience. But for me i got no skill or years under my Belt... And I click very fine with winning Trades.

Thats all that matters, green pips!!.
  • #206,106
  • Mar 15, 2010 12:12pm Mar 15, 2010 12:12pm
Quoting Reznik
Look at U'all, speaking about who is more sure about LONG or SHORT... And who's with more experience. But for me i got no skill or years under my Belt... And I click very fine with winning Trades.

Thats all that matters, green pips!!.
Yeah, I need some of those...
@pawpaw1000 on Twitter
  • #206,107
  • Mar 15, 2010 12:12pm Mar 15, 2010 12:12pm
done for the day... 55pips shorted...

nice day to you all!
  • #206,108
  • Mar 15, 2010 12:16pm Mar 15, 2010 12:16pm
I dont know, price is soo flat, reckon it's as a result of volume?

If nothing happens in the next 45 min I think we are done for the day...
@pawpaw1000 on Twitter
  • #206,109
  • Mar 15, 2010 12:17pm Mar 15, 2010 12:17pm
Quoting allserene
I say missis

what a lovely day to flog some yankee stocks out of my USD account and go buy some BP mucho cheapo

hows that for a flourish of the old tickling stick ?

Best to go cockling at low tide

Entering LONG... Soon waiting for a "mad offer" in price action...
  • #206,110
  • Mar 15, 2010 12:19pm Mar 15, 2010 12:19pm
Quoting pawpaw1000
I dont know, price is soo flat, reckon it's as a result of volume?

If nothing happens in the next 45 min I think we are done for the day...

Thats all the attitude U need...
  • #206,111
  • Mar 15, 2010 12:19pm Mar 15, 2010 12:19pm
Quoting Reznik
Entering LONG... Soon waiting for a "mad offer" in price action...
how do all of you see something in this pa?

its been flat for quite a while and the only thing I see is a possible triple bottom but nothing really concrete.

What am I missing?
@pawpaw1000 on Twitter
  • #206,112
  • Mar 15, 2010 12:20pm Mar 15, 2010 12:20pm
Quoting Reznik
Entering LONG... Soon waiting for a "mad offer" in price action...

..me too! hope i'm not crazy...tight sl
  • #206,113
  • Mar 15, 2010 12:21pm Mar 15, 2010 12:21pm
Quoting pawpaw1000
WOW! you're in the minority i believe which is normally a good thing!

I'm looking for a break of 5020...

Its been chilling here for long enough its gotta go through sometime. But agree there might be another retrace although I'm inclined to thinking the pullback we already had was enough in this crazy bear market!!!
Good day to you,

Yip, seems like a bad call. But the 50% area of the range we are currently trading in, is at 1.5030. As long as we stay above this level as a base, I have hope. My target then 1.5204..

Should we form a base below 1.5030, then we may start moving to 1.4867

So - hoping

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu13.gif Size: 13 KB
  • #206,114
  • Mar 15, 2010 12:35pm Mar 15, 2010 12:35pm
Quoting TauTrader
Good day to you,

Yip, seems like a bad call. But the 50% area of the range we are currently trading in, is at 1.5030. As long as we stay above this level as a base, I have hope. My target then 1.5204..

Should we form a base below 1.5030, then we may start moving to 1.4867

So - hoping

Regards
Looking at your chart, it could go either way. If you look at the daily chart, we are in a downtrend. If you look at last week's uptrend, the trend line has been broken. Most of the lagging indicators are pointing to an up move. No clear signal for me. I could put a long in @ 15050+ or a short in @ 15025- but that is not part of my trading plan, so I'm out.

Bathtime for the kids. See you after dinner. Good luck with your trades.
  • #206,115
  • Mar 15, 2010 12:38pm Mar 15, 2010 12:38pm
Quoting TauTrader
Good day to you,

Yip, seems like a bad call. But the 50% area of the range we are currently trading in, is at 1.5030. As long as we stay above this level as a base, I have hope. My target then 1.5204..

Should we form a base below 1.5030, then we may start moving to 1.4867

So - hoping

Regards
In your corner now buddy.

http://www.forexfactory.com/showpost...&postcount=980

Closed my 5115 short @ 5042

Could still go either way though.
Ghost Rider - WWTBMD?
  • #206,116
  • Mar 15, 2010 12:39pm Mar 15, 2010 12:39pm
Quoting TauTrader
Good day to you,

Yip, seems like a bad call. But the 50% area of the range we are currently trading in, is at 1.5030. As long as we stay above this level as a base, I have hope. My target then 1.5204..

Should we form a base below 1.5030, then we may start moving to 1.4867

So - hoping

Regards
There are a couple of other indications that we have reached the end of the road for shorts right now... We are currently in process of forming a nesting of cycles on the 1hr - we also are looking at a minor buy indication through an MA cross. Too early to call, but a retrace north is on the cards.... we may however dip to 1.5000 before this happens.

I am comfortable in the longs - for now - good place to go for a trip north - even if just for a few. The angle of the longer term cycle tells me i'm possibly on the right side

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.gif Size: 28 KB
  • #206,117
  • Mar 15, 2010 12:43pm Mar 15, 2010 12:43pm
Quoting albchr
In your corner now buddy.

http://www.forexfactory.com/showpost...&postcount=980

Closed my 5115 short @ 5042

Could still go either way though.
Friggin' nice pips gained on your short! Well done, Bro...

Will see if this one works out....

Well gone again... encouraging!

Regards
  • #206,118
  • Mar 15, 2010 12:48pm Mar 15, 2010 12:48pm
everyone is talking up/down how about sideways for the rest of today?

My short is tempting me to close but should propably leave until t/p or S/L!
@pawpaw1000 on Twitter
  • #206,119
  • Mar 15, 2010 12:51pm Mar 15, 2010 12:51pm
possible scenario i see at the moment. we could spike down to new low around 1.5020 or 1.50teen level shake out weak longs get some stops triggered perhaps and then we can move upward. What I will be looking for is some king of reversal candle i.e doji shooting star even hammer will do on 15min chart. Just something I observed happened many time before and as recently as last week. So basically would be interesting to see price reaction if we go down to 1.5020 level, if price jumps back ffairly quickly then longs are in play for me At the moment im long anyways at 1.5033 with stop at 1.5008 will add more if above scenario plays out or take a hit.
Attached Image (click to enlarge)
Click to Enlarge Name: doji.png Size: 40 KB
  • #206,120
  • Mar 15, 2010 12:54pm Mar 15, 2010 12:54pm
Interesting read with views from the Sterling bears and the Sterling bulls

http://www.bloomberg.com/apps/news?p...L5Yk47as&pos=2

Seems there is going to be a massive Sterling battle over the coming months
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