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Cable Update (GBPUSD)

  • #208,561
  • Mar 22, 2010 3:46am Mar 22, 2010 3:46am
Quoting nAVIN2007
this 4hr candle will tell everything so far its been very easy to see whats happening..we just need the missing piece....there will be sellers at 1.5

lets see who wins the war
been long since 5 min res at 4950. moved s/l to 955 just below prev low. im looking to hold this one will be watching 4 hr candle. need to figure out a longer term t/p as i usually close for around 40 - 60 pips. i saw the link to snow white cheers for that.
  • #208,562
  • Mar 22, 2010 3:47am Mar 22, 2010 3:47am
Quoting Iam5ive
Nope.

I've got to agree with Navin, the 1.500 level is a massive psychological level to break, I know we have been through it a few times lately, but it still is!
  • #208,563
  • Mar 22, 2010 3:51am Mar 22, 2010 3:51am
Quoting antic81
I've got to agree with Navin, the 1.500 level is a massive psychological level to break, I know we have been through it a few times lately, but it still is!
im glad u said that and this will make u think and make u a better trader, price is testing this area as a support first time on monthly..its the first time price has pulled back to it!
  • #208,564
  • Mar 22, 2010 3:51am Mar 22, 2010 3:51am
Quoting antic81
I've got to agree with Navin, the 1.500 level is a massive psychological level to break, I know we have been through it a few times lately, but it still is!
Although having said that 1.4987 is proving to be a bit of a problem too!
  • #208,565
  • Mar 22, 2010 3:51am Mar 22, 2010 3:51am
Hi,
I believe the dollar will weaken a little between now and tomorrow but the general shape makes it a winner by the end of the week. Anyway some charts look ugly like gbp/usd or eur/usd as they failed to break "take off point".
usd/cad to buy at 1.0100. It's been difficult last week but now it looks good technically speaking with a large potential in a strong dollar scenario.

for now, short gbp/usd at 1.4990, stop 1.5030, TP 1.4930
GL/GT
  • #208,566
  • Mar 22, 2010 3:52am Mar 22, 2010 3:52am
Quoting antic81
I've got to agree with Navin, the 1.500 level is a massive psychological level to break, I know we have been through it a few times lately, but it still is!
Agree with this, 1.5006. After that, there is still another level of heavy resistance.

Not saying it will go past 1.5006, not saying it will dead stop at 1.516, just saying that these are areas of caution for longside traders.
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  • #208,567
  • Mar 22, 2010 3:53am Mar 22, 2010 3:53am
Quoting kill56
check ua PM
  • #208,568
  • Mar 22, 2010 3:54am Mar 22, 2010 3:54am
Quoting Iam5ive
Agree with this, 1.5006. After that, there is still another level of heavy resistance.

Not saying it will go past 1.5006, not saying it will dead stop at 1.516, just saying that these are areas of caution for longside traders.
At the moment looks like we are struggling to get to either of those numbers! haha!

Be interested to see where we close on the hour...if the 15 is minute is rejected again on the 97 I am pulling the plug!
  • #208,569
  • Mar 22, 2010 3:55am Mar 22, 2010 3:55am
Quoting nAVIN2007
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
Told ya mate, if you go for a piss without rushing back to the computer screen. Mental stability bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #208,570
  • Mar 22, 2010 3:56am Mar 22, 2010 3:56am
Finally touched 1.5.... lets see what happens....
Don't be emo... don't be emo....
  • #208,571
  • Mar 22, 2010 3:56am Mar 22, 2010 3:56am
Yippee!!! Finally it got to my marker... today's open price.

I'm done for the evening.

Cheers & Good Luck to you all.

R
  • #208,572
  • Mar 22, 2010 4:00am Mar 22, 2010 4:00am
Quoting pepper
Any longs from here 4 me would be gambling.Not to say it won't go long.
You want to back that statement with a chart?
I am long, chart below shows why.

Good luck.
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Thank You
  • #208,573
  • Mar 22, 2010 4:01am Mar 22, 2010 4:01am
nav

free at last do u have a dream too bro
  • #208,574
  • Mar 22, 2010 4:02am Mar 22, 2010 4:02am
Quoting wormboy
You want to back that statement with a chart?
I am long, chart below shows why.

Good luck.

wormie what is ur take profit target?
  • #208,575
  • Mar 22, 2010 4:03am Mar 22, 2010 4:03am
Talk of UK clearer responsible for that last leg to 5014
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #208,576
  • Mar 22, 2010 4:03am Mar 22, 2010 4:03am
Quoting antic81
At the moment looks like we are struggling to get to either of those numbers! haha!

Be interested to see where we close on the hour...if the 15 is minute is rejected again on the 97 I am pulling the plug!
Some selling setting at 1.5000...... let s see who s got the nerve to hold on to longs now ......
  • #208,577
  • Mar 22, 2010 4:04am Mar 22, 2010 4:04am
Quoting Bull_Bear
Told ya mate, if you go for a piss without rushing back to the computer screen. Mental stability bro
That mate is so true!

Other symptoms include: pacing around the room, looking away from the screen...going for little walks and then rushing back to check...swetting...and the list goes on.

Right so the hourly closed up above the 1.5000 level, now lets see what happens, still ready to eject!
  • #208,578
  • Mar 22, 2010 4:05am Mar 22, 2010 4:05am
Quoting solrac
Some selling setting at 1.5000...... let s see who s got the nerve to hold on to longs now ......

Yeah, lets see if I have the nerve!
  • #208,579
  • Mar 22, 2010 4:06am Mar 22, 2010 4:06am
Quoting antic81
That mate is so true!

Other symptoms include: pacing around the room, looking away from the screen...going for little walks and then rushing back to check...swetting...and the list goes on.

Right so the hourly closed up above the 1.500 level, now lets see what happens, still ready to eject!
I thought I was the only one with my eyes glued to my nose. Wait maybe I still am.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #208,580
  • Mar 22, 2010 4:06am Mar 22, 2010 4:06am
I got out at 50095, keeping an eye on the PA here. We will probably consolidate here for a move in either direction.
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Fishbones