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Cable Update (GBPUSD)

  • #212,261
  • Apr 1, 2010 7:49am Apr 1, 2010 7:49am
Quoting chankl78
Hmm.. Although I Long GU, I still always wonder why good news for US, it will shoot up instead of down.
In my short time trading Forex, I have come to the understanding that fundamentals, MOST of the time do not influence PA in the way you think it will. You think certain news results will lead to one direction and it does the exact opposite. Hence trading your charts is a better option IMHO, but keep in mind the big new events, such as the NFP, that can have wild PA fluctuations (whip-saw action).

This week's trend has been UP and the big boys like to finish on a high before they break up for their holidays
  • #212,262
  • Apr 1, 2010 7:52am Apr 1, 2010 7:52am
Quoting laodeabdul
i'm waiting for my pending short order to be executed on 5207..when????
5 pips short... frustrating! If it breaks 15250 this time round, I doubt you will see it again today.

EDIT: Sorry to be the bearer of bad news!
  • #212,263
  • Apr 1, 2010 8:00am Apr 1, 2010 8:00am
Quoting cloggie
I am long at 517 target 5252

Target reached.
  • #212,264
  • Apr 1, 2010 8:01am Apr 1, 2010 8:01am
Yup.. either it drop to 1.510, or it will still drop to 1.510 or I am wrong in both.
wahahaa
Smile Chankl78
  • #212,265
  • Apr 1, 2010 8:02am Apr 1, 2010 8:02am
Quoting nAVIN2007
triple bar low higher close..if this doesnt go up now..
Reading it like a book!
  • #212,266
  • Apr 1, 2010 8:03am Apr 1, 2010 8:03am
Quoting cloggie
Target reached.


Are you getting any fibre in today? 13460 looked like a good long, but I haven't done any chart analysis on this pair, so I could be wrong!
  • #212,267
  • Apr 1, 2010 8:04am Apr 1, 2010 8:04am
Where is the cresta run to 1.51?
  • #212,268
  • Apr 1, 2010 8:04am Apr 1, 2010 8:04am
Quoting bbakker

I bet you pawpaw gave up on that trade, think we entered the long about the same time. (20 hours ago)
  • #212,269
  • Apr 1, 2010 8:06am Apr 1, 2010 8:06am
Quoting cloggie
I bet you pawpaw gave up on that trade, think we entered the long about the same time.
jip, closed it a couple of minutes later as I wanted to wait for today...

Still havent traded today, waiting for the m15 to close above this resistance and I will enter...

aiaiai...

well, there will be many more!

EDIT: I'm in... long with s/l at 33, quite tight but not expecting it to drop below support... t/p 53000
@pawpaw1000 on Twitter
  • #212,270
  • Apr 1, 2010 8:07am Apr 1, 2010 8:07am
Quoting bbakker
Reading it like a book!
thanks man
  • #212,271
  • Apr 1, 2010 8:10am Apr 1, 2010 8:10am
Quoting nAVIN2007
thanks man

Then again, it is one of those large type books, pretty darn easy to read.... even from a mile away
  • #212,272
  • Apr 1, 2010 8:11am Apr 1, 2010 8:11am
Quoting pawpaw1000
jip, closed it a couple of minutes later as I wanted to wait for today...

Still havent traded today, waiting for the m15 to close above this resistance and I will enter...

aiaiai...

well, there will be many more!
Exactly! It is better not to trade, than to trade on a hunch and getting in at the wrong entry. Let's hope m15 does close above the line and like The Milky Bar Kid said this morning, 300 should be in our sights.
  • #212,273
  • Apr 1, 2010 8:12am Apr 1, 2010 8:12am
cable looks very strong , may be headed for 1.55
  • #212,274
  • Apr 1, 2010 8:12am Apr 1, 2010 8:12am
Quoting pawpaw1000
jip, closed it a couple of minutes later as I wanted to wait for today...

Still havent traded today, waiting for the m15 to close above this resistance and I will enter...

aiaiai...

well, there will be many more!

EDIT: I'm in... long with s/l at 33, quite tight but not expecting it to drop below support... t/p 53000
Good on you

This combination of R1 , 15250 is going to be hard to break man
  • #212,275
  • Apr 1, 2010 8:15am Apr 1, 2010 8:15am
Quoting cloggie
Then again, it is one of those large type books, pretty darn easy to read.... even from a mile away
Easier to read for some than others! I am short sighted, so I can't see anything but sheeeeet from about 1m away from my face. Some people call that... blind as a bat

15m closed above, so are you in pawpaw?
  • #212,276
  • Apr 1, 2010 8:16am Apr 1, 2010 8:16am
Quoting bbakker
Exactly! It is better not to trade, than to trade on a hunch and getting in at the wrong entry. Let's hope m15 does close above the line and like The Milky Bar Kid said this morning, 300 should be in our sights.
closed above, but just!!!!!!

oh sheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeettttt...

look now!
@pawpaw1000 on Twitter
  • #212,277
  • Apr 1, 2010 8:16am Apr 1, 2010 8:16am
Quoting cloggie
Then again, it is one of those large type books, pretty darn easy to read.... even from a mile away
be humble my man..market will finish u off otherwise!!!!
  • #212,278
  • Apr 1, 2010 8:18am Apr 1, 2010 8:18am
Quoting pawpaw1000
EDIT: I'm in... long with s/l at 33, quite tight but not expecting it to drop below support... t/p 53000
You do love your tight SL! I hope she holds.
  • #212,279
  • Apr 1, 2010 8:19am Apr 1, 2010 8:19am
I have been trading the markets for sometime now but i rarely post here but i think from the level of 1.5250 region were we are at presently the market could be heading lower for 1.4910 region the reason is in the wave count on the usd index and on the gbp/usd charts as they have both completed a 5 waver so i am more certain of a downward gu movement than an upward one. My Position is
Short Gbp/Usd price: 1.5250 stoploss:1.5350 Target: 1.4910/1.4853
I will keep the charts Updated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdindex.gif Size: 21 KB
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #212,280
  • Apr 1, 2010 8:20am Apr 1, 2010 8:20am
Quoting bbakker
You do love your tight SL! I hope she holds.
moved it below 150ma on m5 to give space so its at 5010...

I closed as the reason for entering is gone, break of 50...

will wait for further pa. Loss of 15 pips.
@pawpaw1000 on Twitter
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