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Cable Update (GBPUSD)

  • #209,881
  • Mar 25, 2010 3:00am Mar 25, 2010 3:00am
Quoting pawpaw1000
looks like the show is starting, get in at this bargain while you can...

...
That I have done my friend
  • #209,882
  • Mar 25, 2010 3:02am Mar 25, 2010 3:02am
EU markets opening flat. No kneejerk reaction to fibre and cable expected.
  • #209,883
  • Mar 25, 2010 3:09am Mar 25, 2010 3:09am
Quoting bbakker
That I have done my friend
If it breaks 45, I'm reversing!
  • #209,884
  • Mar 25, 2010 3:10am Mar 25, 2010 3:10am
Shes challenging the DP...and broken.
  • #209,885
  • Mar 25, 2010 3:10am Mar 25, 2010 3:10am
closed short for 10 pip loss
@pawpaw1000 on Twitter
  • #209,886
  • Mar 25, 2010 3:11am Mar 25, 2010 3:11am
Quoting cloggie
Watch 3346 and 3374 if either proves to be support, fibre may be done with its retrace.
yes, hope for dp, still in, but it will be hard to get it, Trichet has not helped, thx for rimind me
  • #209,887
  • Mar 25, 2010 3:12am Mar 25, 2010 3:12am
Quoting pawpaw1000
closed short for 10 pip loss
Mate thats always hard, but I think a very good trading decission!
  • #209,888
  • Mar 25, 2010 3:12am Mar 25, 2010 3:12am
Quoting antic81
Shes challenging the DP...and broken.
Yep, hit my SL.... waiting now for a clear break to go long
  • #209,889
  • Mar 25, 2010 3:13am Mar 25, 2010 3:13am
Quoting bbakker
Yep, hit my SL.... waiting now for a clear break to go long
Wait for it....
  • #209,890
  • Mar 25, 2010 3:14am Mar 25, 2010 3:14am
Quoting antic81
Mate thats always hard, but I think a very good trading decission!
@pawpaw1000 on Twitter
  • #209,891
  • Mar 25, 2010 3:15am Mar 25, 2010 3:15am
dunno boys, No matter what she does, I'm way too skeptical on longs!

guess its just my bias and should look at PA not my feelings...
@pawpaw1000 on Twitter
  • #209,892
  • Mar 25, 2010 3:16am Mar 25, 2010 3:16am
Daily Pivots: (S1) 1.4803; (P) 1.4925; (R1) 1.4986; More
Intraday bias in GBP/USD remains on the downside for the moment and further fall should be seen to 1.4783 low first. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break of 1.4783 will confirm that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5111 minor resistance will delay the bearish case again and bring more sideway consolidations above 1.4783 first before down trend resumption
@pawpaw1000 on Twitter
  • #209,893
  • Mar 25, 2010 3:16am Mar 25, 2010 3:16am
We need to go through 1.4950 to expect some bull moves
COT: The precious data ignored
  • #209,894
  • Mar 25, 2010 3:18am Mar 25, 2010 3:18am
4956 is my next number to watch, I am still flat not going to pick a top and not getting in halfway a retrace
  • #209,895
  • Mar 25, 2010 3:19am Mar 25, 2010 3:19am
Now it would be nice to see a little retest of the pivot and then a solid move away, that would confirm long to me, but not necessarily after the news...we could quite easily drop like a brick from there.

Depending on PA if I long I would be looking at a TP of around the magic 5000 number, actually I have R1 just below at 4996.

Patience time...
  • #209,896
  • Mar 25, 2010 3:22am Mar 25, 2010 3:22am
looking at french consumer spending, I wouldnt be hoping for any better from across the pond...

I think we will go a bit until news brings all these buyers to their senses!!!
@pawpaw1000 on Twitter
  • #209,897
  • Mar 25, 2010 3:22am Mar 25, 2010 3:22am
Quoting cloggie
4956 is my next number to watch, I am still flat not going to pick a top and not getting in halfway a retrace
Ah yes thats the 200 EMA on my 15M chart, good point!
  • #209,898
  • Mar 25, 2010 3:26am Mar 25, 2010 3:26am
Quoting cloggie
4956 is my next number to watch, I am still flat not going to pick a top and not getting in halfway a retrace
I'm still waiting too.
  • #209,899
  • Mar 25, 2010 3:30am Mar 25, 2010 3:30am
gotta go in 45 min

hope she shows her hand before then!!!
EDIT: 15m pinocchio candle forming? Propably not called pinocchio but the one with nose and eyes...
@pawpaw1000 on Twitter
  • #209,900
  • Mar 25, 2010 3:30am Mar 25, 2010 3:30am
Quoting antic81
Now it would be nice to see a little retest of the pivot and then a solid move away, that would confirm long to me, but not necessarily after the news...we could quite easily drop like a brick from there.

Depending on PA if I long I would be looking at a TP of around the magic 5000 number, actually I have R1 just below at 4996.

Patience time...
antic, you waited to long to show up dude , nice move up off the daily open , would be an area to watch for a spike back too on the news , still under the weekly open so bearish bias over all ,just have to get it high enough for the big boys to jump in and drive it down again lol , chart showing whts happened so far today
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