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Cable Update (GBPUSD)

  • #211,661
  • Mar 30, 2010 11:59am Mar 30, 2010 11:59am
Quoting pawpaw1000
WOW, euro really did tank badly!!! lets hope for the same here
hear hear,,,,,,,,,,
  • #211,662
  • Mar 30, 2010 12:00pm Mar 30, 2010 12:00pm
Quoting pawpaw1000
dunno if I will hold my shorts for that long but hoping we will reach 5050 by end of ny session, or maybe 30???

EDIT: Dont think it'll happen in 2 hours...
Here we go, or is it a fake out!?
  • #211,663
  • Mar 30, 2010 12:01pm Mar 30, 2010 12:01pm
entered short at1.5083, sl 20 pips, tp 1.5036
  • #211,664
  • Mar 30, 2010 12:06pm Mar 30, 2010 12:06pm
Quoting 9000rpm
entered short at1.5083, sl 20 pips, tp 1.5036
good man! with you on that!!!
@pawpaw1000 on Twitter
  • #211,665
  • Mar 30, 2010 12:06pm Mar 30, 2010 12:06pm
Quoting bbakker
Here we go, or is it a fake out!?
jip, we broke and now were gonna fall, all the way to the bank!!
@pawpaw1000 on Twitter
  • #211,666
  • Mar 30, 2010 12:08pm Mar 30, 2010 12:08pm
Quoting pawpaw1000
dunno if I will hold my shorts for that long but hoping we will reach 5050 by end of ny session, or maybe 30???

EDIT: Dont think it'll happen in 2 hours...

What are you talking about .. . 2 hours is a lifetime
Gotta watch the levels tho. Asking for 5050 is not much, just that the minor task of clearing res @5067 hehe. But, if price can close below 5067 level & the ascending ltl cleanly, 5050 would be asking too little, price could drop all the way back to 5000 level. Rounded top is sign of exhaustion.
Just watch the levels & rule nothing out. Good luck
Attached Image (click to enlarge)
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Thank You
  • #211,667
  • Mar 30, 2010 12:09pm Mar 30, 2010 12:09pm
Quoting wormboy
What are you talking about .. . 2 hours is a lifetime
Gotta watch the levels tho. Asking for 5050 is not much, just that the minor task of clearing res @5067 hehe. But, if price can close below 5067 level & the ascending ltl cleanly, 5050 would be asking too little, price could drop all the way back to 5000 level. Rounded top is sign of exhaustion.
Just watch the levels & rule nothing out. Good luck
alright wormy, thanks brother, LOVING this thread...

looking at 38 for t/p but will keep watching until ny close!

thanks again...

EDIT: just closed below 150 ma on 5m... down we go!!!
@pawpaw1000 on Twitter
  • #211,668
  • Mar 30, 2010 12:11pm Mar 30, 2010 12:11pm
Quoting alex1976
the immediate trend on the daily is still up, so what exactly is telling you down???

read the charts!
If you READ YOUR CHARTS now, what do you see? 5050 or 5150?
@pawpaw1000 on Twitter
  • #211,669
  • Mar 30, 2010 12:12pm Mar 30, 2010 12:12pm
Quoting pawpaw1000
alright wormy, thanks brother, LOVING this thread...

looking at 38 for t/p but will keep watching until ny close!

thanks again...

EDIT: just closed below 150 ma on 5m... down we go!!!

cheers .. have a good one
Thank You
  • #211,670
  • Mar 30, 2010 12:15pm Mar 30, 2010 12:15pm
Quoting wormboy
cheers .. have a good one
Here's the rounded top for all us noobs... Had to go look it up wormy

Rounded Top Chart Pattern
Implication

A Rounded Top is considered a bearish signal, indicating a possible reversal of the current uptrend to a new downtrend.
Description

A Rounded Top is dome-shaped, and is sometimes referred to as an inverted bowl or a saucer top. The pattern is confirmed when the price breaks down below its moving average.
@pawpaw1000 on Twitter
  • #211,671
  • Mar 30, 2010 12:30pm Mar 30, 2010 12:30pm
Quoting wormboy
What are you talking about .. . 2 hours is a lifetime
Gotta watch the levels tho. Asking for 5050 is not much, just that the minor task of clearing res @5067 hehe. But, if price can close below 5067 level & the ascending ltl cleanly, 5050 would be asking too little, price could drop all the way back to 5000 level. Rounded top is sign of exhaustion.
Just watch the levels & rule nothing out. Good luck
hey wormie , 15 minute pin bar also put us to last weeks high , and last months low , good area to watch for a reversal, the 1st time around anyway.
  • #211,672
  • Mar 30, 2010 12:38pm Mar 30, 2010 12:38pm
Quoting wormboy
What are you talking about .. . 2 hours is a lifetime
Gotta watch the levels tho. Asking for 5050 is not much, just that the minor task of clearing res @5067 hehe. But, if price can close below 5067 level & the ascending ltl cleanly, 5050 would be asking too little, price could drop all the way back to 5000 level. Rounded top is sign of exhaustion.
Just watch the levels & rule nothing out. Good luck
Just curious, how did you change the default white font to dark green as on your charts?
  • #211,673
  • Mar 30, 2010 12:47pm Mar 30, 2010 12:47pm
well, g2g guys... need to get ready for supper with the girlfriends parents who dont speak a word of english, afrikaans or german, which means I cant speak with them

hehe, should be interesting...

Taking wormies advise to heart, have decided to t/p just above todays trouble area of 5012>>> so 5020...

will check when I come back to maybe close manually if needed.

See you guys later but if not, Frankfurt open brothers!!!

thanks for all the help, loving it...
@pawpaw1000 on Twitter
  • #211,674
  • Mar 30, 2010 12:50pm Mar 30, 2010 12:50pm
hi all
we are heading east like it or not who is on the train
  • #211,675
  • Mar 30, 2010 12:52pm Mar 30, 2010 12:52pm
Quoting kill56
hi all
we are heading east like it or not who is on the train
if thats the case, I'm getting off as close as possible at 5050!
@pawpaw1000 on Twitter
  • #211,676
  • Mar 30, 2010 12:53pm Mar 30, 2010 12:53pm
Quoting wormboy
What are you talking about .. . 2 hours is a lifetime
Gotta watch the levels tho. Asking for 5050 is not much, just that the minor task of clearing res @5067 hehe. But, if price can close below 5067 level & the ascending ltl cleanly, 5050 would be asking too little, price could drop all the way back to 5000 level. Rounded top is sign of exhaustion.
Just watch the levels & rule nothing out. Good luck
As wormboy said ,,,,,,5067 proving to be a diffucult hurdle on our way down..!!!!!!!!!!!!!!!!!
  • #211,677
  • Mar 30, 2010 12:55pm Mar 30, 2010 12:55pm
Quoting kill56
hi all
we are heading east like it or not who is on the train
I want to get off the train pls ,,,,,,,,,,,,,,,,,,,,!!!
  • #211,678
  • Mar 30, 2010 12:55pm Mar 30, 2010 12:55pm
Quoting solrac
As wormboy said ,,,,,,5067 proving to be a diffucult hurdle on our way down..!!!!!!!!!!!!!!!!!
s/l 77
@pawpaw1000 on Twitter
  • #211,679
  • Mar 30, 2010 12:57pm Mar 30, 2010 12:57pm
Quoting pawpaw1000
if thats the case, I'm getting off as close as possible at 5050!

why the rush scooby we are dipping for the honey
  • #211,680
  • Mar 30, 2010 1:00pm Mar 30, 2010 1:00pm
Quoting pawpaw1000
s/l 77
Here we go again,,,,,
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