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Cable Update (GBPUSD)

  • #210,781
  • Mar 26, 2010 9:53am Mar 26, 2010 9:53am
Quoting dbfusion
not alot

just a 127% fib level
which is a weak one but its just annoying in the trend

eventually it will give up and meet the price @ 4930 first real resistance.
Well done sir! You got my fur, but it was just a small patch of fur and I will be back to fight another day. The bears are not out of the woods yet!
  • #210,782
  • Mar 26, 2010 9:53am Mar 26, 2010 9:53am
Quoting Bull_Bear
Price divergence..

Are you trading a live account?

Another good call mate, I got done on my short...again!

I think we all owe our friend dbfusion a beer...well no actually, he should buy us bears around...of bear...or beer I mean!


Good call there dbfusion!
  • #210,783
  • Mar 26, 2010 9:56am Mar 26, 2010 9:56am
WAHAHAHAHHAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!

BBAKKER!!! we MIGHT just make it yet bugger!!! get those bottles of wine out! and put those spades away, I wanna be drunk when I arrive in SPAIN!
@pawpaw1000 on Twitter
  • #210,784
  • Mar 26, 2010 9:58am Mar 26, 2010 9:58am
I was short earlier, before this PA, hit SL with a few pips profit. Really looking for a spot to get short again, but honestly... in the year and a half Ive been doing this Im begining to listen to my gut and my gut tells me that Im scared and when I get emotional i make stupid choices.... so that said... im sitting out until Monday.
  • #210,785
  • Mar 26, 2010 9:59am Mar 26, 2010 9:59am
Quoting pawpaw1000
WAHAHAHAHHAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!

BBAKKER!!! we MIGHT just make it yet bugger!!! get those bottles of wine out! and put those spades away, I wanna be drunk when I arrive in SPAIN!
I am eyeing up that PA. The bears are turning up late, but better late than never! If it is not a short live affair, I might look at entry again just below the DP.
  • #210,786
  • Mar 26, 2010 10:00am Mar 26, 2010 10:00am
Quoting Exsilium
I was short earlier, before this PA, hit SL with a few pips profit. Really looking for a spot to get short again, but honestly... in the year and a half Ive been doing this Im begining to listen to my gut and my gut tells me that Im scared and when I get emotional i make stupid choices.... so that said... im sitting out until Monday.
never fear, the bears are here...

Cloggie just called me and said the beer is about 15min from here and if he gets back and there are any bulls at the party, he gonna get VERY angry
@pawpaw1000 on Twitter
  • #210,787
  • Mar 26, 2010 10:00am Mar 26, 2010 10:00am
Quoting Exsilium
I was short earlier, before this PA, hit SL with a few pips profit. Really looking for a spot to get short again, but honestly... in the year and a half Ive been doing this Im begining to listen to my gut and my gut tells me that Im scared and when I get emotional i make stupid choices.... so that said... im sitting out until Monday.
There will be plenty more days where you will be able to feast on these bulls!
  • #210,788
  • Mar 26, 2010 10:00am Mar 26, 2010 10:00am
Quoting bbakker
Well done sir! You got my fur, but it was just a small patch of fur and I will be back to fight another day. The bears are not out of the woods yet!
thanks

but honestly and broadly speaking 4930 is just a first

and any dip is a buy
I SEE YOU !!
  • #210,789
  • Mar 26, 2010 10:00am Mar 26, 2010 10:00am
Quoting pawpaw1000
! get those bottles of wine out! and put those spades away, I wanna be drunk when I arrive in SPAIN!

Wormy and I will bring the bulldozer this time and the welder to keep that gate shut.
  • #210,790
  • Mar 26, 2010 10:01am Mar 26, 2010 10:01am
Quoting bbakker
I am eyeing up that PA. The bears are turning up late, but better late than never! If it is not a short live affair, I might look at entry again just below the DP.
you didnt get stopped did ya?

I'm also adding if it drops below...

EDIT: it could just be a last kiss goodbye before NORTH???

CLOGGIE, what do you say master trader? And magix, lets get some input here??
@pawpaw1000 on Twitter
  • #210,791
  • Mar 26, 2010 10:05am Mar 26, 2010 10:05am
bbakker, we gonna die, cloggie gonna be too late with the bulldozer for our stops!!!

With 4 hours MACD crossed above signal line, intraday bias in GBP/USD is turned neutral for the moment and some sideway trading might be seen. Nevertheless, another fall is still in favor as long as 1.5000 minor resistance holds. Break of 1.4783 low will confirm that whole decline from 1.6456 has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5000 minor resistance will delay the bearish case again and bring more consolidations above 1.4783 first before down trend resumption.
@pawpaw1000 on Twitter
  • #210,792
  • Mar 26, 2010 10:05am Mar 26, 2010 10:05am
Quoting pawpaw1000
you didnt get stopped did ya?

I'm also adding if it drops below...

EDIT: it could just be a last kiss goodbye before NORTH???

CLOGGIE, what do you say master trader? And magix, lets get some input here??

I am a patient kind of guy, I let the price come to me; am not going to chase it or anticipate it.
  • #210,793
  • Mar 26, 2010 10:05am Mar 26, 2010 10:05am
This is for those that we're screaming abt the EUR rising. It's a warning that cable can have the potential to do the exact same thing.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 105 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #210,794
  • Mar 26, 2010 10:09am Mar 26, 2010 10:09am
Quoting cloggie
Wormy and I will bring the bulldozer this time and the welder to keep that gate shut.
lol
just 13 pips off yesterday's entry. I don't hear alarm bells. Tough little dp we got today
Thank You
  • #210,795
  • Mar 26, 2010 10:10am Mar 26, 2010 10:10am
New strategy :
Sell at 1.5100, Target: 1.4850, Stop: 1.5165
As cable has continued to trade narrowly above yesterday’s low at 1.4798, suggesting further consolidation would take place and the rebound in euro may underpin sterling here and retracement to the Kijun-Sen (now at 1.4956) cannot be ruled out, above there would bring stronger correction towards resistance at 1.5112 , however, renewed selling interest should emerge below the Ichimoku cloud area (now at 1.5125-27) and bring another decline later. A break of yesterday’s low at 1.4798 would signal decline has resumed for retest of 1.4781, then towards 1.4740/50 (approx. 100% projection of 1.5112 to 1.4854 measuring from 1.5005).
In view of the above analysis, we are looking to sell sterling again on further recovery. Only above 1.5159 (61.8% Fibonacci retracement of 1.5382 to 1.4798) would signal temporary low is formed and risk retracement to 1.5210/20.
@pawpaw1000 on Twitter
  • #210,796
  • Mar 26, 2010 10:11am Mar 26, 2010 10:11am
Strange but i'm still holding my short at 1.4860
  • #210,797
  • Mar 26, 2010 10:11am Mar 26, 2010 10:11am
Quoting pawpaw1000
you didnt get stopped did ya?

I'm also adding if it drops below...

EDIT: it could just be a last kiss goodbye before NORTH???

CLOGGIE, what do you say master trader? And magix, lets get some input here??
YUP! But there is no skin of my nose. A loss that I am quite happy with and I will sleep easy tonight. I am looking for another short entry if it gets back below DP with a SL @14940. I am not letting the bulls take me without me kicking and screaming. Let's see if the Bulls have lost their steam
  • #210,798
  • Mar 26, 2010 10:11am Mar 26, 2010 10:11am
Quoting Pyramus
Strange but i'm still holding my short at 1.4860
What was you SL?
  • #210,799
  • Mar 26, 2010 10:12am Mar 26, 2010 10:12am
Quoting wormboy
lol
just 13 pips off yesterday's entry. I don't hear alarm bells. Tough little dp we got today
I reckon we screwed brother, its running up for a third time now...

this should be the last... HOPING IT HOLDS!!!

bulls are everywhere, like a bunch of scavengers... HAVE THEY NO HEART?
@pawpaw1000 on Twitter
  • #210,800
  • Mar 26, 2010 10:14am Mar 26, 2010 10:14am
Quoting bbakker
What was you SL?
I normally enter with a 100 pip SL as i was a away a moment ago but anyway will be cutting loses soon if it really turns out ugly.
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