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Cable Update (GBPUSD)

  • #208,461
  • Mar 22, 2010 2:02am Mar 22, 2010 2:02am
Quoting bbakker
4966 good place to sell.. done!
Did exactly the same. Broke tl on 1min chart...

morning cloggie...
@pawpaw1000 on Twitter
  • #208,462
  • Mar 22, 2010 2:05am Mar 22, 2010 2:05am
since its a scalp, got 10 pips and moved s/l to be...
@pawpaw1000 on Twitter
  • #208,463
  • Mar 22, 2010 2:05am Mar 22, 2010 2:05am
Morning paw, I missed the spike had to get me some douwe egberts to get me going here. I am not going to get tempted in a scalp still looking for an entry once 4930 is broken on the way down.
  • #208,464
  • Mar 22, 2010 2:06am Mar 22, 2010 2:06am
Quoting cloggie
I am still holding on, waiting for the ma to catch up first. 4966 is the line in sand for me for a possible retrace.
20, 40, 50?
  • #208,465
  • Mar 22, 2010 2:06am Mar 22, 2010 2:06am
stopped at b/e
@pawpaw1000 on Twitter
  • #208,466
  • Mar 22, 2010 2:06am Mar 22, 2010 2:06am
Quoting 9000rpm
anyone know what's going on with usd/jpy? it just shot up like a rocket
Something about china maintaining stability in 2010
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #208,467
  • Mar 22, 2010 2:07am Mar 22, 2010 2:07am
Quoting bbakker
20, 40, 50?
25sma on the M15 and M30
  • #208,468
  • Mar 22, 2010 2:08am Mar 22, 2010 2:08am
Quoting cloggie
Morning paw, I missed the spike had to get me some douwe egberts to get me going here. I am not going to get tempted in a scalp still looking for an entry once 4930 is broken on the way down.
yeah, got stopped at b/e... Well, lets hope for a very nice break of more than 30 pips and I'll be EXTATIC!

hope you had a good weekend, I was pummeled by the french red wine...
@pawpaw1000 on Twitter
  • #208,469
  • Mar 22, 2010 2:09am Mar 22, 2010 2:09am
looking to sell but think 966 is too early for me this is cable. iam looking to sell a from 5040
  • #208,470
  • Mar 22, 2010 2:09am Mar 22, 2010 2:09am
Quoting pawpaw1000
stopped at b/e

Range still holding, we are having a lovely setup on the way here with a range on the M15 together with a London breakout. Could set us up for the day.
  • #208,471
  • Mar 22, 2010 2:11am Mar 22, 2010 2:11am
Quoting cloggie
Range still holding, we are having a lovely setup on the way here with a range on the M15 together with a London breakout. Could set us up for the day.
jip, got the same on my side

gotta leave 30 min after london open so lets hope it happens soon!
@pawpaw1000 on Twitter
  • #208,472
  • Mar 22, 2010 2:13am Mar 22, 2010 2:13am
Quoting pawpaw1000
jip, got the same on my side

gotta leave 30 min after london open so lets hope it happens soon!
I use 2 hours before London open as a benchmark range, once broken after London opens tells me the direction for the day and I then find entries based on ranges. Today London breakout range may correspond to 4966-4930
  • #208,473
  • Mar 22, 2010 2:15am Mar 22, 2010 2:15am
Quoting pawpaw1000
yeah, got stopped at b/e... Well, lets hope for a very nice break of more than 30 pips and I'll be EXTATIC!

hope you had a good weekend, I was pummeled by the french red wine...
Sounds like a good weekend.

I've made my bed now, so I might as well lie in it. Time to get ready for work. My initial TP is 14875, cash in some and move the rest to BE. GL
  • #208,474
  • Mar 22, 2010 2:16am Mar 22, 2010 2:16am
Quoting cloggie
I use 2 hours before London open as a benchmark range, once broken after London opens tells me the direction for the day and I then find entries based on ranges. Today London breakout range may correspond to 4966-4930
thats exactly what david aranzabal does. He draws his s/r for asian session and then waits for london to give him the breakout...

He usually trades in that direction for the day.
@pawpaw1000 on Twitter
  • #208,475
  • Mar 22, 2010 2:19am Mar 22, 2010 2:19am
Quoting pawpaw1000
thats exactly what david aranzabal does. He draws his s/r for asian session and then waits for london to give him the breakout...

He usually trades in that direction for the day.
I don't use the Asian session as a benchmark as it does not range like it used to a few years ago, we now see some significant moves within the Asia session with commodities fluctuations driving the AUD/NZD and with all that is happening in JP/CNY. Just look what happened last friday when India raised the base rate.
  • #208,476
  • Mar 22, 2010 2:20am Mar 22, 2010 2:20am
Quoting pawpaw1000
thats exactly what david aranzabal does. He draws his s/r for asian session and then waits for london to give him the breakout...

He usually trades in that direction for the day.
any other specifications? what he does if price turns around at new york?
  • #208,477
  • Mar 22, 2010 2:21am Mar 22, 2010 2:21am
Quoting cloggie
I don't use the Asian session as it does not range like it used to a few years ago, we now see some significant moves within the Asia session with commodities fluctuations driving the AUD/NZD and with all that is happening in JP/CNY. Just look what happened last friday when India raised the base rate.
mmm... interesting. Well, I did leave the spike and now have the same s/r as you...

Will be interesting to see where we go. We are below 4h ltl and I see a bear flag so looking for 300 - 400 pips down. But maybe pull back a little?

dunno, will be interesting

EDIT: sorry, DONT see a bear flag... the flag is down
@pawpaw1000 on Twitter
  • #208,478
  • Mar 22, 2010 2:21am Mar 22, 2010 2:21am
Quoting Mathias83
any other specifications? what he does if price turns around at new york?
NY open is another break range, so is news. I mark the range 15 min before the news to the end of the spike and enter once range is broken.
  • #208,479
  • Mar 22, 2010 2:23am Mar 22, 2010 2:23am
Quoting pawpaw1000
mmm... interesting. Well, I did leave the spike and now have the same s/r as you...

Will be interesting to see where we go. We are below 4h ltl and I see a bear flag so looking for 300 - 400 pips down. But maybe pull back a little?

dunno, will be interesting
I did say that 4966 is the line in the sand here for me, we are consolidating nicely on the M15 and M30. Going to be a nice setup within 30-60 min of London open.
  • #208,480
  • Mar 22, 2010 2:23am Mar 22, 2010 2:23am
Quoting Mathias83
any other specifications? what he does if price turns around at new york?
go and look at his videos on youtube, no longer than 5min each.

Search for: David Aranzabal london open.
@pawpaw1000 on Twitter
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