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Cable Update (GBPUSD)

  • #207,161
  • Mar 18, 2010 2:01am Mar 18, 2010 2:01am
Quoting pawpaw1000
HAHAHAHA!

Just arrived brother and very excited!!!

have a quick meeting in 1 hour but it wont be longer than 20 min, contract talk

so, where we heading!!! just waiting for initial spike from london and then adding to my short!!!
Those boys in London are mopping up those tight SLs before they jump ship
  • #207,162
  • Mar 18, 2010 2:02am Mar 18, 2010 2:02am
Quoting forexlion
how does a http://t1.gstatic.com/images?q=tbn:R...-20-transp.gif pay ??????????
okay i get it now http://img52.imageshack.us/img52/707...tfriendlrg.jpg
  • #207,163
  • Mar 18, 2010 2:04am Mar 18, 2010 2:04am
H1 closed 1.5299 and opened 1.5300 exactly at DP ! I don't k now where she will go ! Hmmm ..... up, untill where I don't know ! Or spike down at DP !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #207,164
  • Mar 18, 2010 2:05am Mar 18, 2010 2:05am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Seems everybody around here has that nasty cold too.
  • #207,165
  • Mar 18, 2010 2:07am Mar 18, 2010 2:07am
Until they hear the Public Sector Net Borrowing news at 09:30am this morning and they won't be pretty numbers, I can assure you.
  • #207,166
  • Mar 18, 2010 2:10am Mar 18, 2010 2:10am
h4
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 28 KB
  • #207,167
  • Mar 18, 2010 2:10am Mar 18, 2010 2:10am
Quoting bbakker
Until they hear the Public Sector Net Borrowing news at 09:30am this morning and they won't be pretty numbers, I can assure you.
Dont be so sure... These figures have a way of being better than expected when there is a election on the way and after soooo much has been spent to fix the problem...

we will have to see
@pawpaw1000 on Twitter
  • #207,168
  • Mar 18, 2010 2:10am Mar 18, 2010 2:10am
Quoting bbakker
I ain't buying. I'll leave that up to Kill56 and Tsar. I'm currently in a short position with another short order to open @ 15305. I think you got the wrong end of my stick.
Hi bbaker,

The LAST Train was Come...
Did you AGREE with me, Now ??
Always looking the GREAT, never left GOOD Point...
  • #207,169
  • Mar 18, 2010 2:11am Mar 18, 2010 2:11am
GBPUSD made another 5-wave pattern with a downside direction, as shown at 5min chart. The same area is shown at a higher TF for a better view. There you can see that GU already has made 3 waves heading down. Maybe it's a good buy entry with SL @ 1.5205 and TF above 1.538.

For corfirmation of completing wave 3 we should wait for breaking 1.531 level in order to minimize the possibility of ascending of the latter part of wave.

Two charts are attached in the signature link
  • #207,170
  • Mar 18, 2010 2:12am Mar 18, 2010 2:12am
Quoting MarkH
Seems everybody around here has that nasty cold too.
Cheers matey. It's one of the colds where you are not ill enough to bunk the day off work to watch charts, having a gander on here, and contributing with my words of wisdom What do I know!
  • #207,171
  • Mar 18, 2010 2:14am Mar 18, 2010 2:14am
Quoting Tsar
Hi bbaker,

The LAST Train was Come...
Did you AGREE with me, Now ??
and how far is this last train going.... 15400, 15350, 15320? The last stop is too short for me and I can walk it to catch the first train back home.
  • #207,172
  • Mar 18, 2010 2:16am Mar 18, 2010 2:16am
Quoting pawpaw1000
Dont be so sure... These figures have a way of being better than expected when there is a election on the way and after soooo much has been spent to fix the problem...

we will have to see
Not with our Mr Brown the oh so 'Prudent' one I forgot, Mr Darling is controlling the ship at No.11 - Right!
  • #207,173
  • Mar 18, 2010 2:21am Mar 18, 2010 2:21am
You have to forgive me people. I am not quite on the ball this morning. The lack of sleep and with the rug rats biting at my ankles, I am not really reading your posts 1st before answering and just shooting away blindly. My advice... just ignore me coz I ain't making much sense to myself, so god knows how you can make sense out me.
  • #207,174
  • Mar 18, 2010 2:22am Mar 18, 2010 2:22am
Original strategy
Sell at 1.5445, Target: 1.5265, Stop: 1.5510
New strategy
Sell at 1.5445, Target: 1.5265, Stop: 1.5510
O.C.O. Buy at 1.5140, Target: 1.5330, Stop: 1.5075
Despite yesterday's rise to 1.5382, the subsequent retreat from there suggests consolidation would take place and retracement to the Kijun-Sen (now at 1.5180) cannot be ruled out, however, reckon 1.5125/30 (approx. 50% Fibonacci retracement of 1.4873 to 1.5382) would attract renewed buying interest and bring another rally later. Above said resistance would bring stronger retracement of recent decline towards 1.5421-22 (61.8% Fibonacci retracement of 1.5816 to 1.4781 and 38.2% Fibonacci retracement of 1.6459 to 1.4781) but loss of near term upward momentum would cap price below 1.5500, bring retreat later.
In view of the above analysis, whilst we are still looking to venture short on further rise for subsequent retreat, we are also buying cable on pullback. Below 1.5082 (50% Fibonacci retracement of entire rise from 1.4781 to 1.5382) would indicate top is formed and weakness to the Ichimoku cloud area (now at 1.5021-26).

full version http://www.actionforex.com/action-in...0100318109123/
  • #207,175
  • Mar 18, 2010 2:26am Mar 18, 2010 2:26am
http://i43.tinypic.com/2ll1544.jpg

Still holding long until now since yesterday.
Added more at 1.5280 ....

Good luck to me.
Smile Chankl78
  • #207,176
  • Mar 18, 2010 2:28am Mar 18, 2010 2:28am
Quoting chankl78
http://i43.tinypic.com/2ll1544.jpg

Still holding long until now since yesterday.
Added more at 1.5280 ....

Good luck to me.
yes brother, I must say good luck. You know the train is nearing its end so be careful!
@pawpaw1000 on Twitter
  • #207,177
  • Mar 18, 2010 2:28am Mar 18, 2010 2:28am
Quoting bbakker
and how far is this last train going.... 15400, 15350, 15320? The last stop is too short for me and I can walk it to catch the first train back home.
1.5150 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #207,178
  • Mar 18, 2010 2:29am Mar 18, 2010 2:29am
After rejecting 1.5340 and breaking the minor TL, 1.5240 is now within sight...
Attached Image
Hear the music before the song is over ...
  • #207,179
  • Mar 18, 2010 2:29am Mar 18, 2010 2:29am
Quoting kill56
but when i look at this chart heck i am high crackforex thats why
wat is that indicator on ua chart that displays big red and blue arrows on the zigzag
  • #207,180
  • Mar 18, 2010 2:30am Mar 18, 2010 2:30am
Quoting chankl78
http://i43.tinypic.com/2ll1544.jpg

Still holding long until now since yesterday.
Added more at 1.5280 ....

Good luck to me.
What is your TP?
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