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Cable Update (GBPUSD)

  • #207,941
  • Mar 19, 2010 6:40am Mar 19, 2010 6:40am
Quoting cloggie
Correct just the close, not the high or low, wait for a close to confirm the candle
ok thanks to u 2 men, then juste if the candel close above or under the level i find , it's ok to enter a trade . thks again (Dank je wel)
  • #207,942
  • Mar 19, 2010 6:41am Mar 19, 2010 6:41am
Quoting pawpaw1000
if this breaks, we have at least a 100 pips to go looking at possible bear flag forming??
Where? there is one on H1 now.
  • #207,943
  • Mar 19, 2010 6:41am Mar 19, 2010 6:41am
Hi guys.

I am new to Forex Trading. I trade on 5M Candles. I see a bearish engulfing pattern at with R1 at 5160 and a bullish engulfing pattern at with S1 at 5130. So right now We all are waiting for the market to make a move at the Either Side and then decide the trade are you people feel that market is on a reversal.
  • #207,944
  • Mar 19, 2010 6:42am Mar 19, 2010 6:42am
Quoting FroggyPipes
ok thanks to u 2 men, then juste if the candel close above or under the level i find , it's ok to enter a trade . thks again (Dank je wel)
Not guaranteed could be a false breakout. There are no guarantees in FX, you just make the averages work in your favour by knowledge and experience.
  • #207,945
  • Mar 19, 2010 6:45am Mar 19, 2010 6:45am
It is Cable and it is Friday, this could stay here until Monday unless NY moves it.

Edit: while I typed this we are testing 5126
  • #207,946
  • Mar 19, 2010 6:46am Mar 19, 2010 6:46am
Quoting cloggie
Where? there is one on H1 now.
waiting for close.........
@pawpaw1000 on Twitter
  • #207,947
  • Mar 19, 2010 6:47am Mar 19, 2010 6:47am
Quoting Lordpip
I'm holding my short ...

I'm sticking to my short
  • #207,948
  • Mar 19, 2010 6:48am Mar 19, 2010 6:48am
Hoe lyk dit pawpaw!
Dis altyd lekker om Afrikaners in die Forum te sien.
Waar in SA kom jy vandaan?
  • #207,949
  • Mar 19, 2010 6:49am Mar 19, 2010 6:49am
you watching this cloggie or watching youtube
@pawpaw1000 on Twitter
  • #207,950
  • Mar 19, 2010 6:49am Mar 19, 2010 6:49am
Short until 1.5070/60 & then go for long until 1.5480.

Haha.. Still not giving up my dreams on 1.5480.
Smile Chankl78
  • #207,951
  • Mar 19, 2010 6:52am Mar 19, 2010 6:52am
15090 is next then w go from there
Attached Image
  • #207,952
  • Mar 19, 2010 6:53am Mar 19, 2010 6:53am
Quoting pawpaw1000
you watching this cloggie or watching youtube
Yes I am watching, making sure it is not a false one.
  • #207,953
  • Mar 19, 2010 6:54am Mar 19, 2010 6:54am
Quoting chankl78
Short until 1.5070/60 & then go for long until 1.5480.

Haha.. Still not giving up my dreams on 1.5480.

Did you decide on your short target excepting a polarity reversal of a 4h resistance at that level.?
Pardon me for the question but I am really new to this and want to know how the other players think. I hope you understand!

Thanks
  • #207,954
  • Mar 19, 2010 6:54am Mar 19, 2010 6:54am
Hey cloggie, just wondering do you wait for a close below 1.5125 on the hour chart to confirm trend, and then go short??

Thanks in advance
  • #207,955
  • Mar 19, 2010 6:55am Mar 19, 2010 6:55am
I'm in, small amount, a little teaser
  • #207,956
  • Mar 19, 2010 6:55am Mar 19, 2010 6:55am
Quoting cloggie
Yes I am watching, making sure it is not a false one.
3min until candle close!!!
@pawpaw1000 on Twitter
  • #207,957
  • Mar 19, 2010 6:57am Mar 19, 2010 6:57am
me too...

hello pipreaper... ja jong, ek kom uit port elizabeth uit in die oos kaap en voor dit somerset oos ook in die oos kaap. Het op stellies geswot en nou in frankryk...

jy?
@pawpaw1000 on Twitter
  • #207,958
  • Mar 19, 2010 7:01am Mar 19, 2010 7:01am
M5, M15, M30, H1 all looking good, watch your SL my initial target is 5089
  • #207,959
  • Mar 19, 2010 7:01am Mar 19, 2010 7:01am
i would say the sweet lady in deep sh
Attached Image
  • #207,960
  • Mar 19, 2010 7:01am Mar 19, 2010 7:01am
Julle moet maar lekker boerie rolls eet in Paddaland jong! Ek is ook n Oos Londen boetie wat nou in Pommieland bly...

Quoting pawpaw1000
me too...

hello pipreaper... ja jong, ek kom uit port elizabeth uit in die oos kaap en voor dit somerset oos ook in die oos kaap. Het op stellies geswot en nou in frankryk...

jy?
Ride the Bulls bearback!
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