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Cable Update (GBPUSD)

  • #208,681
  • Mar 22, 2010 7:20am Mar 22, 2010 7:20am
Quoting bbakker
Forget scalping the smaller range, not with brutal spreads!
waow, my spread is going between 3 and 2.4 on fxcm which is rather higher than normal. I wonder why
@pawpaw1000 on Twitter
  • #208,682
  • Mar 22, 2010 7:20am Mar 22, 2010 7:20am
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...
on my 15min tf cable respect totally the 20sma. one hour ago 20 sma was at 1.4962 now at 1.4980. EUR has broken 20sma to the downside with little rejektion immediatly afterwards, Cable is holding well above. NY boys will decide were o go with this puppy.
  • #208,683
  • Mar 22, 2010 7:24am Mar 22, 2010 7:24am
[quote=bbakker;3572546]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!



How nice. Thanx too
  • #208,684
  • Mar 22, 2010 7:29am Mar 22, 2010 7:29am
Quoting bbakker
Forget scalping the smaller range, not with brutal spreads!

to d;;;;;;;;;m quit slow its time to remember yesterday and
Attached Image
  • #208,685
  • Mar 22, 2010 7:34am Mar 22, 2010 7:34am
reckon anything will happen in the next hour? I'm super keen for a quick nap...
@pawpaw1000 on Twitter
  • #208,686
  • Mar 22, 2010 7:43am Mar 22, 2010 7:43am
Just made myself a sandwich and came back to this little spike. Am not convinced it has momentum and is just a false breakout here. Back down again
  • #208,687
  • Mar 22, 2010 7:44am Mar 22, 2010 7:44am
I'm short at 1.5004...

looking for a quick 20 pips, hoping it'll work
@pawpaw1000 on Twitter
  • #208,688
  • Mar 22, 2010 7:44am Mar 22, 2010 7:44am
Quoting dag777
on my 15min tf cable respect totally the 20sma. one hour ago 20 sma was at 1.4962 now at 1.4980. EUR has broken 20sma to the downside with little rejektion immediatly afterwards, Cable is holding well above. NY boys will decide were o go with this puppy.

Interesting. 20 SMA is exactly the mid-point of the Bollinger Band
  • #208,689
  • Mar 22, 2010 7:45am Mar 22, 2010 7:45am
Pawpaw, she'll most likely stop at 49945 then try 1.5 again before going back down.
  • #208,690
  • Mar 22, 2010 7:49am Mar 22, 2010 7:49am
Quoting cloggie
Pawpaw, she'll most likely stop at 49945 then try 1.5 again before going back down.
took 15.2 pips, saw that the 20sma on 15min is still intact...
@pawpaw1000 on Twitter
  • #208,691
  • Mar 22, 2010 7:50am Mar 22, 2010 7:50am
Quoting pawpaw1000
took 15.2 pips, saw that the 20sma on 15min is still intact...
Yeah, that's still there, put up a 150sma on the M5 and have a look where that is...

And look at the 25ma on M30
  • #208,692
  • Mar 22, 2010 7:53am Mar 22, 2010 7:53am
Quoting cloggie
Yeah, that's still there, put up a 150sma on the M5 and have a look where that is...

And look at the 25ma on M30
aaah...

I missed out on maybe 9 pips but aint so bad... Up 6% today
@pawpaw1000 on Twitter
  • #208,693
  • Mar 22, 2010 7:55am Mar 22, 2010 7:55am
Hello everyone,,,, what did i miss???
  • #208,694
  • Mar 22, 2010 7:56am Mar 22, 2010 7:56am
Quoting Bydyke
Interesting. 20 SMA is exactly the mid-point of the Bollinger Band
curious what PA is doing the next hour, itīs now between 20sma 1.4986 and res. at 1.5012, which direction we will get for breakout?
  • #208,695
  • Mar 22, 2010 7:58am Mar 22, 2010 7:58am
Quoting dag777
curious what PA is doing the next hour, itīs now between 20sma 1.4986 and res. at 1.5012, which direction we will get for breakout?
I vote for a break up, but that may change in the next hour. We need a solid close above 1.5 first.
  • #208,696
  • Mar 22, 2010 8:01am Mar 22, 2010 8:01am
Short on gu for NY open ...
  • #208,697
  • Mar 22, 2010 8:01am Mar 22, 2010 8:01am
Quoting pawpaw1000
aaah...

I missed out on maybe 9 pips but aint so bad... Up 6% today

See where she is now?
  • #208,698
  • Mar 22, 2010 8:02am Mar 22, 2010 8:02am
Quoting cloggie
I vote for a break up, but that may change in the next hour. We need a solid close above 1.5 first.
after the big drop last week i also expet a correctiv upmove first, but look at EUR
  • #208,699
  • Mar 22, 2010 8:04am Mar 22, 2010 8:04am
Quoting Lordpip
Short on gu for NY open ...
Sorry Lordpip,,, but NY is already open!!!
  • #208,700
  • Mar 22, 2010 8:04am Mar 22, 2010 8:04am
Quoting cloggie
See where she is now?
jip, glad i got out... when I scalp I dont like to mess about. In and Out asap

cloggie, reckon 5min ma will hold and we could break up?

we've had so many goes at 1.50 and still nothing. Surely we looking at goin lower. Though range gets smaller and closer to 50 all the time...
@pawpaw1000 on Twitter
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