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Cable Update (GBPUSD)

  • #208,661
  • Mar 22, 2010 6:43am Mar 22, 2010 6:43am
nice one brother, see it just kissed your tp...

I'm happy to start the week with 25 pips green.

what u reckon is gonna happen now? range until ny?
@pawpaw1000 on Twitter
  • #208,662
  • Mar 22, 2010 6:48am Mar 22, 2010 6:48am
interesting setup..
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  • #208,663
  • Mar 22, 2010 6:49am Mar 22, 2010 6:49am
Quoting england33
good luck. that's like prying teeth.

agood one man
  • #208,664
  • Mar 22, 2010 6:53am Mar 22, 2010 6:53am
Quoting england33
good luck. that's like prying teeth.
he needs it, cause after the last messup i decided not to share any new indi, one of his own brothers messed it up for everyone else here
  • #208,665
  • Mar 22, 2010 6:53am Mar 22, 2010 6:53am
Quoting pawpaw1000
nice one brother, see it just kissed your tp...

I'm happy to start the week with 25 pips green.

what u reckon is gonna happen now? range until ny?

We still have this slow retrace we are in now to complete. She cannot make up her mind today. Typical when the higher Tf's are pointing one way and the lower ones exactly opposite. It will take some ranging to sort out a proper direction. We had a big drop on Thur/fri that may need a proper retrace. So far all attempts at retracing are stopped by 1.5, which may continue in the next few hours.

Still awaiting 4962
  • #208,666
  • Mar 22, 2010 6:53am Mar 22, 2010 6:53am
Quoting bonus76
is that double top on H1?hmmmmmmmmmm
huh?? double top?? H1 Chart? if you mean 1 minute chart so maybe yes, that is top...
I will be the number one Manager.
  • #208,667
  • Mar 22, 2010 6:56am Mar 22, 2010 6:56am
Quoting cloggie
We still have this slow retrace we are in now to complete. She cannot make up her mind today. Typical when the higher Tf's are pointing one way and the lower ones exactly opposite. It will take some ranging to sort out a proper direction. We had a big drop on Thur/fri that may need a proper retrace. So far all attempts at retracing are stopped by 1.5, which may continue in the next few hours.

Still awaiting 4962
I got 62 and 5014 as the range... looking for break as NY opens. which is in 3 min right?
@pawpaw1000 on Twitter
  • #208,668
  • Mar 22, 2010 6:57am Mar 22, 2010 6:57am
Quoting forexlion
dessert conditions ahead .........

http://img638.imageshack.us/img638/4296/streetsign.jpg
dessert conditions continue ................
  • #208,669
  • Mar 22, 2010 6:58am Mar 22, 2010 6:58am
java hey how are u best of luck sweet thing
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  • #208,670
  • Mar 22, 2010 6:58am Mar 22, 2010 6:58am
Quoting javapips
huh?? double top?? H1 Chart? if you mean 1 minute chart so maybe yes, that is top...

this looks like a double top
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  • #208,671
  • Mar 22, 2010 7:00am Mar 22, 2010 7:00am
yes chiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiing the voodoo is working on cable and eur
  • #208,672
  • Mar 22, 2010 7:01am Mar 22, 2010 7:01am
Quoting pawpaw1000
I got 62 and 5014 as the range... looking for break as NY opens. which is in 3 min right?
I am more interested in the CME at 0720 CET and NYSE 0930 EST,

She may bottom at 4970 on this run before heading back up I will know more in about 10 mins
  • #208,673
  • Mar 22, 2010 7:03am Mar 22, 2010 7:03am
Quoting cloggie
We still have this slow retrace we are in now to complete.
Still awaiting 4962

I am also a convert of ur pinpoint retracement skill. For instance, at about 1158 GMT when u predicted that cable will head to 4962, price was testing 5005 and all signals on the lower TFs were up. The number of buyers were higher than sellers at that point and the psych level of 5000 had been breached.

But within 5 minutes, price turned toward ur call.

What parameters are u using for such accurate calls.

I trust u will be willing to share.

Thanks in advance
  • #208,674
  • Mar 22, 2010 7:11am Mar 22, 2010 7:11am
I am not a big fan of signals as they only show what has been. Of course the lower TF's were pointing up at that time because that's where it had been going, however Support was hit for the second time and we had a tweezer top on the M5, coupled with a larger then average spread between PA and the ma's coupled with a UTL being touched and honored on the M15 so I could only see this going down. 1.5 is a big psych level and cable acts predictable around this especially with UTL's on for example the M30 not budging.

That's why I called the retrace to 4962, however PA is getting stubborn now around 4980 and we may enter a smaller range between 4979 and 4994

Quoting Bydyke
I am also a convert of ur pinpoint retracement skill. For instance, at about 1158 GMT when u predicted that cable will head to 4962, price was testing 5005 and all signals on the lower TFs were up. The number of buyers were higher than sellers at that point and the psych level of 5000 had been breached.

But within 5 minutes, price turned toward ur call.

What parameters are u using for such accurate calls.

I trust u will be willing to share.

Thanks in advance
  • #208,675
  • Edited 7:27am Mar 22, 2010 7:13am | Edited 7:27am
Quoting bonus76
this looks like a double top
oh..yes yes, i see...,cos for me top of H1 chart is 1.5379... just different view thought...green pips for you..


@kill

till now still good...,don't know after this, she could eat all my SL entry
BTW Kill do you know how is Baby Trader? i hope he's fine...
I will be the number one Manager.
  • #208,676
  • Mar 22, 2010 7:16am Mar 22, 2010 7:16am
Quoting Bydyke
I am also a convert of ur pinpoint retracement skill. For instance, at about 1158 GMT when u predicted that cable will head to 4962, price was testing 5005 and all signals on the lower TFs were up. The number of buyers were higher than sellers at that point and the psych level of 5000 had been breached.

But within 5 minutes, price turned toward ur call.

What parameters are u using for such accurate calls.

I trust u will be willing to share.

Thanks in advance
Support and resistance. Resistance ~15008 and Support ~14962. It has been ranging between these two numbers for the last 4 hours, ZZZZZZ. Cable will wake up soon!

Too much sheeet going wrong @ work today. No time for FF, just starting my lunchbreak. GL with your trading to all.
  • #208,677
  • Mar 22, 2010 7:16am Mar 22, 2010 7:16am
Quoting javapips
oh..yes yes, i see...,cos for me top of H1 chart is 1.5379... just different thought...green pips for you..


@kill

till now still good...,don't know after this, she could eat all my SL entry
BTW Kill do you know how is Baby Trader? i hope he's fine...
no sis i did not see or hear from him though i think he is working

hope he is fine too
  • #208,678
  • Mar 22, 2010 7:17am Mar 22, 2010 7:17am
That's why I called the retrace to 4962, however PA is getting stubborn now around 4980 and we may enter a smaller range between 4979 and 4994[/quote]


Thanks. Can u now see why ur circle of friends is growing by the day, not just Pawpaw1000
  • #208,679
  • Mar 22, 2010 7:18am Mar 22, 2010 7:18am
Quoting cloggie
I am not a big fan of signals as they only show what has been. Of course the lower TF's were pointing up at that time because that's where it had been going, however Support was hit for the second time and we had a tweezer top on the M5, coupled with a larger then average spread between PA and the ma's coupled with a UTL being touched and honored on the M15 so I could only see this going down. 1.5 is a big psych level and cable acts predictable around this especially with UTL's on for example the M30 not budging.

That's why I called the retrace...
Forget scalping the smaller range, not with brutal spreads!
  • #208,680
  • Mar 22, 2010 7:18am Mar 22, 2010 7:18am
maybe scalp on 1min... its following my tl nicely so just looking for it to be lower and break upward...

I am sooo tired, just did 60 min of fitness followed by a line outs session! ZZZZzzzzz....
@pawpaw1000 on Twitter
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