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Cable Update (GBPUSD)

  • #212,281
  • Apr 1, 2010 8:23am Apr 1, 2010 8:23am
Quoting cloggie
I bet you pawpaw gave up on that trade, think we entered the long about the same time. (20 hours ago)
He definitely needs to learn patience, we could all learn something about patience, but I think he is slowly and surely coming round to that way of thinking. He didn't have a single trade this morning until just now, so that surely is one for the books! Although, if he had held on since last night...

Maybe he got burned too many times leaving positions overnight.

I hope that PA didn't touch his tight SL!
  • #212,282
  • Apr 1, 2010 8:23am Apr 1, 2010 8:23am
Quoting pawpaw1000
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.
Phew.

You closed it? Well, it could be a fakeout, time will tell!
  • #212,283
  • Apr 1, 2010 8:25am Apr 1, 2010 8:25am
Quoting pawpaw1000
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.
oooooooooooooppsss and PA takes a dive to 5220 ......
5 times has PA tried to break through 5250.......... is it telling us something we dont want to hear??
  • #212,284
  • Apr 1, 2010 8:27am Apr 1, 2010 8:27am
I'm just wondering how long this move up will last....each new high is getting sold with higher vol .... i'm waiting for the big corrective move down
COT: The precious data ignored
  • #212,285
  • Apr 1, 2010 8:28am Apr 1, 2010 8:28am
Quoting solrac
oooooooooooooppsss and PA takes a dive to 5220 ......
5 times has PA tried to break through 5250.......... is it telling us something we dont want to hear??
jip got out at round 33... I reckon its waiting for the news at 4pm...
@pawpaw1000 on Twitter
  • #212,286
  • Apr 1, 2010 8:29am Apr 1, 2010 8:29am
Quoting chimex
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.
With your SL @15350, you still see a possibility of some more upside though?
  • #212,287
  • Apr 1, 2010 8:31am Apr 1, 2010 8:31am
Quoting kuroro001
I'm just wondering how long this move up will last....each new high is getting sold with higher vol .... i'm waiting for the big corrective move down
maybe @5380 ...
Thank You
  • #212,288
  • Apr 1, 2010 8:31am Apr 1, 2010 8:31am
Quoting bbakker


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!

Long at 1.347, target 1.353
  • #212,289
  • Apr 1, 2010 8:32am Apr 1, 2010 8:32am
Quoting wormboy
maybe @5380 ...
Got my eye on 5346
  • #212,290
  • Apr 1, 2010 8:34am Apr 1, 2010 8:34am
Quoting cloggie
Got my eye on 5346
that will do.
what's 34 piperoos between friends
Thank You
  • #212,291
  • Apr 1, 2010 8:34am Apr 1, 2010 8:34am
Quoting cloggie
Got my eye on 5346
why did you close your long at 5252? waiting for pa to confirm continuation??
@pawpaw1000 on Twitter
  • #212,292
  • Apr 1, 2010 8:35am Apr 1, 2010 8:35am
if this 4hr closes bearish i might exit...i dont like this..might not be breaking out of the range..
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  • #212,293
  • Apr 1, 2010 8:37am Apr 1, 2010 8:37am
Quoting pawpaw1000
why did you close your long at 5252? waiting for pa to confirm continuation??

Because that was my TP, I stick to my plan rigorously. If I had thought on entry that a higher TP was warranted, I would have planned for that. I was expecting a top at 5252 yesterday and was not expecting it to go beyond immediately based on yesterdays PA. We have entered an area of consolidation/continuation. Am looking to enter the next long at 5215ish, we will see some ranging at this level and just need confirmation before jumping on the next train.
  • #212,294
  • Apr 1, 2010 8:41am Apr 1, 2010 8:41am
Quoting cloggie
Because that was my TP,I stick to my plan rigorously. If I had thought on entry that a higher TP was warrented, I would have planned for that. I was expecting a top at 5152 yesterday and was not expecting it to go beyond immediately based on yesterdays PA. We have entered an area of consolidation/continuation. Am looking to enter the next long at 5215ish, we will see some ranging at this level and just need confirmation before jumping on the next train.
Alrighty...

I think the news is gonna send us where we going... If its really good for US we might go through 5200? but if its bad it'll send us all the way up to 5340...
@pawpaw1000 on Twitter
  • #212,295
  • Apr 1, 2010 8:45am Apr 1, 2010 8:45am
Quoting nAVIN2007
if this 4hr closes bearish i might exit...i dont like this..might not be breaking out of the range..
I thought that too but from a stop perspective, can you imagine all those nice stops sitting above there? I would think they want to take those
  • #212,296
  • Apr 1, 2010 8:46am Apr 1, 2010 8:46am
Quoting nAVIN2007
if this 4hr closes bearish i might exit...i dont like this..might not be breaking out of the range..
keep your longs bro. sure looks like we're headed higher ...
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Thank You
  • #212,297
  • Apr 1, 2010 8:49am Apr 1, 2010 8:49am
Quoting wormboy
keep your longs bro. sure looks like we're headed higher ...
Agreed! Dollar is CRAP!! But then, you know how I've always felt about that!

5380 on the horizon.
Ghost Rider - WWTBMD?
  • #212,298
  • Apr 1, 2010 8:56am Apr 1, 2010 8:56am
news might give us a better entry for long...
@pawpaw1000 on Twitter
  • #212,299
  • Apr 1, 2010 8:57am Apr 1, 2010 8:57am
Quoting albchr
Agreed! Dollar is CRAP!! But then, you know how I've always felt about that!

5380 on the horizon.


lol nahhh ... dollar is not crap .. you know how I've been telling you that!
It just need to stop to inhale for a while after all the exhaling that blew many away since Dec lol

for now ... to 5380 & beyond ......
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Thank You
  • #212,300
  • Apr 1, 2010 8:59am Apr 1, 2010 8:59am
Quoting wormboy


lol nahhh ... dollar is not crap .. you know how I've been telling you that!
It just need to stop to inhale for a while after all the exhaling that blew many away since Dec lol

for now ... to 5380 & beyond ......

LOL...crashing through support as I write. Sorry bro but I live here.

With OBlaBla and his merry band of self appointed fascists, socialist and communists running things, it will only get worse.

Remember last year when I kept telling you that on Skype? Well?? LOL

If it didn't still buy gas for my bike, I'd have no use for it at all.
Ghost Rider - WWTBMD?
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