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Cable Update (GBPUSD)

  • #208,621
  • Mar 22, 2010 5:02am Mar 22, 2010 5:02am
Quoting dag777
HA, exactly!!! Mine also, wormy has 5080

these are the little differences in timezone, but 89 pips to manize??
  • #208,622
  • Mar 22, 2010 5:03am Mar 22, 2010 5:03am
A couple of things to keep in mind before looking for further topside targets,
1. London hasn't played the daily bottom
2. We still need to clear 1.5005
  • #208,623
  • Mar 22, 2010 5:04am Mar 22, 2010 5:04am
Thank You Brother,

I concur...

Yeah,
On, the... "Large Targets for the Day",
-I hear you are null & void, at the MomEnTO!

Tomorrow may look more hopeful!
My 'higher' number was only an extended
possible outlook- not all quite in one day.

-Doing Great,
Thanks Buddy, on the "skinny" (below).
I'm thinking on cracking some zzz's here
-We'll see,
I'm Out w/about a dozen profitable pips.
'Should've TP'd where brother bear was at the bush waiting! !
Thanks a Ton Worm...

Jeff !
Quoting wormboy
Hi jeff

5080 is the dp. I have no large targets for the day, took 2 long scalps earlier for 23.8 pips profit to manage current stop. This is currently now a risk free trade for me.
Nothing is for certain, but normally after the weekend open, price does not shoot straight up or down without testing the pvp. So since the 76.4% retrace is a significant level, that is where it'll likely push from to test the dp imho. Anyway time will tell.
Hope all is well with you bro. Good luck!
I will work to Objectively Identify my Edges
  • #208,624
  • Mar 22, 2010 5:07am Mar 22, 2010 5:07am
I entered another long at 78, quite a tight stop, and this one is a scalp for sure...
  • #208,625
  • Mar 22, 2010 5:08am Mar 22, 2010 5:08am
Taking another run at 1.5
  • #208,626
  • Mar 22, 2010 5:11am Mar 22, 2010 5:11am
Quoting cloggie
Taking another run at 1.5
Thats what I was thinking, I will be ready to TP around that level...just a scalp until I see some definite direction.
  • #208,627
  • Mar 22, 2010 5:12am Mar 22, 2010 5:12am
Quoting antic81
I entered another long at 78, quite a tight stop, and this one is a scalp for sure...
watch the lower tf.. very unstable for bull..
  • #208,628
  • Mar 22, 2010 5:12am Mar 22, 2010 5:12am
Quoting cloggie
Taking another run at 1.5
good luck man
  • #208,629
  • Mar 22, 2010 5:13am Mar 22, 2010 5:13am
Quoting antic81
Thats what I was thinking, I will be ready to TP around that level...just a scalp until I see some definite direction.
Some resistance formed at 4966/68.........
  • #208,630
  • Mar 22, 2010 5:14am Mar 22, 2010 5:14am
Quoting kill56
good luck man

I am not in, not convinced this one has any momentum.
  • #208,631
  • Mar 22, 2010 5:15am Mar 22, 2010 5:15am
Quoting antic81
Thats what I was thinking, I will be ready to TP around that level...just a scalp until I see some definite direction.
Fundamentally, there's still no news to support strengthening of the GBP... Technically, its a flat wasteland... only range bound indicators work. I would be wary of longs right now... only for scalps
  • #208,632
  • Mar 22, 2010 5:16am Mar 22, 2010 5:16am
Quoting solrac
Some resistance formed at 4966/68.........
and as i type ,,,cable shoots 14 pips up..!!!!! you got to love Cable
  • #208,633
  • Mar 22, 2010 5:17am Mar 22, 2010 5:17am
Quoting Bitstream
Fundamentally, there's still no news to support strengthening of the GBP... Technically, its a flat wasteland... only range bound indicators work. I would be wary of longs right now... only for scalps

Exactly!

Getting ready to close the scalp shortly!
  • #208,634
  • Mar 22, 2010 5:18am Mar 22, 2010 5:18am
Quoting cloggie
I am not in, not convinced this one has any momentum.
for me sell the rallies play the rang till we have an h1 open below 14968 then we will see some new lows
  • #208,635
  • Mar 22, 2010 5:22am Mar 22, 2010 5:22am
Closed for a massive profit...of 6 pips...lol!

I think I am on the sidelines for now, unless we make new highs, or lows...
  • #208,636
  • Mar 22, 2010 5:23am Mar 22, 2010 5:23am
Quoting kill56
for me sell the rallies play the rang till we have an h1 open below 14968 then we will see some new lows
hoping u r wrong kill which is rare cos i have 3 long contracts. Where is GM today?
  • #208,637
  • Mar 22, 2010 5:23am Mar 22, 2010 5:23am
Quoting antic81
Closed for a massive profit...of 6 pips...lol!

I think I am on the sidelines for now, unless we make new highs, or lows...
better than red pips man
  • #208,638
  • Mar 22, 2010 5:26am Mar 22, 2010 5:26am
King talking later this afternoon. Looking to get long GBPUSD, if he says anything about a weaker pound helping out the UK and we see cable drop to 1.4910.
  • #208,639
  • Mar 22, 2010 5:27am Mar 22, 2010 5:27am
Quoting bonus76
hoping u r wrong kill which is rare cos i have 3 long contracts. Where is GM today?

for u sake i hope so best of luck it will be slow and low volume just playing the rang
  • #208,640
  • Mar 22, 2010 5:29am Mar 22, 2010 5:29am
Quoting kill56
for u sake i hope so best of luck it will be slow and low volume just playing the rang
u have trained bears quite well, so they show up anytime u call them:-)
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