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Cable Update (GBPUSD)

  • #208,081
  • Mar 19, 2010 10:42am Mar 19, 2010 10:42am
mmmmmm, going long. target 151, dont expect to see it in this session though. target to hit hopefully late monday!
My failures have paved the way for my success...
  • #208,082
  • Mar 19, 2010 10:43am Mar 19, 2010 10:43am
Quoting dag777
hi egkid,

WOW, respect. It was also a good day for me, but this is fabulous!!!
Daytrader of the day.
Thanks bro Patience always rewarded :-)
  • #208,083
  • Mar 19, 2010 10:43am Mar 19, 2010 10:43am
cloggie, stuck between 4997 and 5028? looking to draw lines there and wait for pa???
@pawpaw1000 on Twitter
  • #208,084
  • Mar 19, 2010 10:44am Mar 19, 2010 10:44am
Quoting FroggyPipes
its look like a consolidation period may be we reached the floor then after let's go to fly ....
I need the floor too, so i can go small long. but the floor never comes....
  • #208,085
  • Mar 19, 2010 10:44am Mar 19, 2010 10:44am
Quoting pawpaw1000
just use 1min price action...

take a look, it goes up in beautiful waves and once it touches resistance/ support, it changes direction and when it gets about half way through a wave, thats when i watch for down or up...

sounds complicated but really easy.

watch the 1min for a bit and see..

ok i see the little wave but how have you get the ressistance / support number? thks
this is a good day today and soon the W.E
  • #208,086
  • Mar 19, 2010 10:45am Mar 19, 2010 10:45am
Quoting FroggyPipes
no i dont' what happend????
A drop from 1.58 to 1.5350
  • #208,087
  • Mar 19, 2010 10:45am Mar 19, 2010 10:45am
Quoting nAVIN2007
lol hey hows it going bro
Thank You
  • #208,088
  • Mar 19, 2010 10:48am Mar 19, 2010 10:48am
crazy day....

2 trade 2 loss..
that's mean time to bed...

happy weekend all... Great week...
I will be the number one Manager.
  • #208,089
  • Mar 19, 2010 10:48am Mar 19, 2010 10:48am
Quoting Pyramus
A drop from 1.58 to 1.5350
nooooo
thks
  • #208,090
  • Mar 19, 2010 10:48am Mar 19, 2010 10:48am
The health bill is still 6 votes short before Sunday. Obama is throwing the entire weight of the democratic party behind this to get the 6 votes, and I think he will. If that happens be glued to your tv on Sunday because this one is going North fast together with the euro. I expect something this weekend from Germany too re Greece supporting the euro and vis a vis giving a bearish push to the dollar. New polls come out this Sunday as they always do in the Sunday papers, if the Tories' lead increase all of this may support a bullish move on Sterling and the Euro next week. Wednesday is budget day here and we may see a rally in the days preceeding.

Technically we are at the H4 lower TL and an important round psych number. 5034 is also the 161.8 fib extension and 5039 the S3.

I am not making a forecast for next week, but we may see a bullish reversal here, the charts will tell come Monday.
  • #208,091
  • Mar 19, 2010 10:49am Mar 19, 2010 10:49am
As I woke up ... I got 120 pips. 1.5160 tp 1.5040
  • #208,092
  • Mar 19, 2010 10:50am Mar 19, 2010 10:50am
Quoting Honored
I need the floor too, so i can go small long. but the floor never comes....
Gotta wait till the momentum subsides baby.
Most rookies would just keep buying against selling pressure picking bottoms or vice versa picking tops ... be it based on trendlines, fib levels ma or whatever. That shit don't work when the momentum is strong. Gotta wait for it to subside.
Thank You
  • #208,093
  • Mar 19, 2010 10:50am Mar 19, 2010 10:50am
Quoting FroggyPipes
ok i see the little wave but how have you get the ressistance / support number? thks
this is a good day today and soon the W.E
1.5000 is always a goos level of s/r... all 000 or 50's...

like 1.5100 1.5150 1.5200
@pawpaw1000 on Twitter
  • #208,094
  • Edited 11:02am Mar 19, 2010 10:51am | Edited 11:02am
Quoting wormboy
lol hey hows it going bro

no too bad bro ..lost the pips on cable but the other 2 are still ok..hanging in there..so far 1.50 still holding..hopefully it will continue but not likely the smelly finger right now
edit:
exited the other 2 trades and by cable again..
  • #208,095
  • Mar 19, 2010 10:51am Mar 19, 2010 10:51am
Anyone else here think we might test 4975 again?? London about to close and very little volume going on
  • #208,096
  • Mar 19, 2010 10:52am Mar 19, 2010 10:52am
question : is it possible to parameter forexfactory, to see when people answer to my post (for example) , like that i can reply (to answer or question to me) and be polite with everyone (because i don't miss an answer or question to mee)?
else if not possible i can may be suggest that to the administrator.
what the email of him?
thks in advance
  • #208,097
  • Mar 19, 2010 10:52am Mar 19, 2010 10:52am
Quoting pawpaw1000
1.5000 is always a goos level of s/r... all 000 or 50's...

like 1.5100 1.5150 1.5200
50pips system
  • #208,098
  • Mar 19, 2010 10:52am Mar 19, 2010 10:52am
Quoting wormboy
Gotta wait till the momentum subsides baby.
Most rookies would just keep buying against selling pressure picking bottoms or vice versa picking tops ... be it based on trendlines, fib levels ma or whatever. That shit don't work when the momentum is strong. Gotta wait for it to subside.
Wormboy,how do u find momentum. I am new here and what is PA ?
what indi do i use. thanks for teaching me in advance
I use better Volume indi, are those bars at the bottom , the momentum ?
  • #208,099
  • Mar 19, 2010 10:52am Mar 19, 2010 10:52am
Quoting cloggie
The health bill is still 6 votes short before Sunday. Obama is throwing the entire weight of the democratic party behind this to get the 6 votes, and I think he will. If that happens be glued to your tv on Sunday because this one is going North fast together with the euro. I expect something this weekend from Germany too re Greece supporting the euro and vis a vis giving a bearish push to the dollar. New polls come out this Sunday as they always do in the Sunday papers, if the Tories' lead increase all of this may support a bullish move on Sterling...

many thanks for this overview
  • #208,100
  • Mar 19, 2010 10:53am Mar 19, 2010 10:53am
Quoting solrac
Anyone else here think we might test 4975 again?? London about to close and very little volume going on
I've learnt that once london closes ny sometimes takes over and leads us for a lil ride...

keep watching.
@pawpaw1000 on Twitter
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