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Cable Update (GBPUSD)

  • #208,521
  • Mar 22, 2010 3:16am Mar 22, 2010 3:16am
Quoting pawpaw1000
well, at 63 now....
Be patient, we are in the scrum. eyes on 4980
  • #208,522
  • Mar 22, 2010 3:16am Mar 22, 2010 3:16am
dessert conditions ahead .........

http://img638.imageshack.us/img638/4296/streetsign.jpg
  • #208,523
  • Mar 22, 2010 3:17am Mar 22, 2010 3:17am
Quoting cloggie
Be patient, we are in the scrum. eyes on 4980
great, just dont like doing it so close to my own try line! almost stopped out there...
@pawpaw1000 on Twitter
  • #208,524
  • Mar 22, 2010 3:18am Mar 22, 2010 3:18am
Hi Traders,

i agree with forexlion´s view, cable takes a little breather after 400 pip drop. Maybe testing MS1 (1.5001) where also 20sma is giving downward pressure. Maximum recovery i see to dp 1.5086 (but i doubt it´s going that high). After this recovery down to S1 (1.4917) or even deeper to 1.4870.

Wish everybody a green week
  • #208,525
  • Mar 22, 2010 3:18am Mar 22, 2010 3:18am
Quoting pawpaw1000
great, just dont like doing it so close to my own try line! almost stopped out there...

No guarantees, this is forex.
  • #208,526
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
Quoting Mathias83
first time since 1.52, that price has been north of moving average @ 4975... showing a little long-sign...
http://blog.cerebro-capital.com/wp-c...-22_091600.png

right now, a double top
  • #208,527
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
Any longs from here 4 me would be gambling.Not to say it won't go long.
  • #208,528
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
Quoting forexlion
http://img717.imageshack.us/img717/4296/streetsign.jpg
You've been there all alone no worries will catch up soon.
  • #208,529
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
Quoting Bull_Bear
NAV dailing close below the TL.... it's like a tidal wave bro....

http://www.forexfactory.com/showpost...stcount=208502

How you been bro? U've Been collecting some pips mate
yup sure did brother but u know me and trendlines
good to see u bro finally i can trade without feeling nervous, always good means can hopefully think straight..

what im seeing is the purple line if that crosses short may fail, that is the weekly close of yesterday ..above that line..should send this puppy north very fast..trade safe buddy
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 20 KB
  • #208,530
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
second fail at 80? maybe looking to close long...

I hate these games cable plays!
@pawpaw1000 on Twitter
  • #208,531
  • Mar 22, 2010 3:20am Mar 22, 2010 3:20am
Quoting forexlion
http://img717.imageshack.us/img717/4296/streetsign.jpg
u are back!!! from space i see
  • #208,532
  • Mar 22, 2010 3:21am Mar 22, 2010 3:21am
gotta get ready for training! thinking 1.5000 as t/p?

need to do automatic...
@pawpaw1000 on Twitter
  • #208,533
  • Mar 22, 2010 3:22am Mar 22, 2010 3:22am
Quoting RChio
FX Lion, per our discussion earlier I was on Long... made a good breakeven on some trades and small profit on some... from the last spike.

Entered a new Long just now.... targeting the 1.50 mark but l;ooking like a bit of a tease is going on.

Cheers,
R
enjoy the long but i will wait for snow white to confirm entry, then hit out

i got a 50% per week target to maintain, i prefer to sit on the fence when the trade is doubtful

http://img641.imageshack.us/img641/1043/cable.gif
  • #208,534
  • Mar 22, 2010 3:22am Mar 22, 2010 3:22am
Quoting pawpaw1000
gotta get ready for training! thinking 1.5000 as t/p?

need to do automatic...

IF it continues I have 1.5009 as initial target, may set a TS once above 1.499
  • #208,535
  • Mar 22, 2010 3:23am Mar 22, 2010 3:23am
My short has hit the SL. Time to reverse.
  • #208,536
  • Mar 22, 2010 3:25am Mar 22, 2010 3:25am
Morning chaps,

I have entered a little long this morning, at 1.4982...so far we are looking ok...will have to wait and see, I am ready to pull out at the slightest signal, as longer term I think we are on our way south!

Cheers,

Ant
  • #208,537
  • Mar 22, 2010 3:26am Mar 22, 2010 3:26am
Attached Image (click to enlarge)
Click to Enlarge Name: gbdusd1.png Size: 22 KB


Overall, especially the higher TF, it's still bearish.
On the smaller time frame, we seeing a bullish trend.
This is forex and there is no way to predict whats going to happen, but I'll stay away from longs at this stage, unless you are scalping offcourse.
  • #208,538
  • Mar 22, 2010 3:26am Mar 22, 2010 3:26am
Quoting bbakker
My short has hit the SL. Time to reverse.
It's probably best to sit on your hands at the moment market is in a range.
  • #208,539
  • Mar 22, 2010 3:27am Mar 22, 2010 3:27am
Quoting antic81
Morning chaps,

I have entered a little long this morning, at 1.4982...so far we are looking ok...will have to wait and see, I am ready to pull out at the slightest signal, as longer term I think we are on our way south!

Cheers,

Ant
Hi antic ... hoping for a touch down on magic 15000.... we all like round numbers ...
  • #208,540
  • Mar 22, 2010 3:29am Mar 22, 2010 3:29am
Quoting stunna29
It's probably best to sit on your hands at the moment market is in a range.

Can't, my hands are too busy putting in long orders...
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