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Cable Update (GBPUSD)

  • #212,621
  • Apr 2, 2010 8:33am Apr 2, 2010 8:33am
After a few days of shorts (All breakeven & few pips lost)....
Finally I got a real shorts..... & closed in 60pips ( Hope never count wrongly, I am poor in Maths).
From 1.525 to 1.519.

Good Friday.
Smile Chankl78
  • #212,622
  • Apr 2, 2010 8:33am Apr 2, 2010 8:33am
Quoting wormboy
lol you're mean. Give the man some credit, that was a good call on the time of target & the bounce.

Agreed! Why the need to always be so confrontational??

It was a good call. Let the man enjoy it!
Ghost Rider - WWTBMD?
  • #212,623
  • Apr 2, 2010 8:35am Apr 2, 2010 8:35am
Am still expecting 518, see earlier ass chart
Attached Image (click to enlarge)
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  • #212,624
  • Apr 2, 2010 8:35am Apr 2, 2010 8:35am
Quoting wormboy
i'm in 13 pips dd atm .. but hi 5 anyway!
that 1hr close will tell the story..i enter a short shat a brick..2 pips and out i cant scalp man..i need solid reason to enter otherwise i sh*t it!!

that red line might hold..
Attached Image (click to enlarge)
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  • #212,625
  • Apr 2, 2010 8:37am Apr 2, 2010 8:37am
Quoting albchr
Agreed! Why the need to always be so confrontational??

It was a good call. Let the man enjoy it!
I was just ribbing Preet ... it was an awesome call .. hence the smiley face at the end of the post.

His target may be a bit off though , closer to 1.5170 , BUT with holiday we may not see all days range
Blogging daily now at www.volume.zone
  • #212,626
  • Apr 2, 2010 8:38am Apr 2, 2010 8:38am
Price testing a previous 1hr swing lo x2=prev supp=potential support with confluence of 61.8% 5118-5299 and 23.6% of main 4797-5299 rise...Nice 5min bullish hammer close at extreme redadings in osc with a CCi hook and extreme deviation from the bols, gives rise to another hi-probability trading opp this time to go long...capturing some of the retrace (or possibly a reversal back into the 4hr uptrend?)

http://i43.tinypic.com/24x3s6v.jpg

That previous imbalance of demand over supply on 1hr is here:

http://i44.tinypic.com/24bno7s.jpg

The we get a nice 1min hidden div based Re-entry (to next higher t/f trend after a pullback) set-up @ the 23.6% of the move down from 5299
http://i44.tinypic.com/2nhqgj9.jpg

Flat now till Tuesday.


G/L
ex member
  • #212,627
  • Apr 2, 2010 8:39am Apr 2, 2010 8:39am
US stock market on vacation

London on vacation

Days move may be just about done
Blogging daily now at www.volume.zone
  • #212,628
  • Apr 2, 2010 8:40am Apr 2, 2010 8:40am
Quoting wormboy
I did
Wormie, welcome aboard my friend...

Hopefully she will stablise the decline and rise next week.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #212,629
  • Apr 2, 2010 8:41am Apr 2, 2010 8:41am
little hint NEVER forget about days range .. gus is about 150 pip right now . but with market lets call it 100 for day . The high of day since London open was 1.5270 , that gives us 1.5170 as close of day or there abouts .

Really nice charting and well thought out trade though .

Quoting bbmac
Price testing a previous 1hr swing lo x2=prev supp=potential support with confluence of 61.8% 5118-5299 and 23.6% of main 4797-5299 rise...Nice 5min bullish hammer close at extreme redadings in osc with a CCi hook and extreme deviation from the bols, gives rise to another hi-probability trading opp this time to go long...capturing some of the retrace (or possibly a reversal back into the 4hr uptrend?)

http://i43.tinypic.com/24x3s6v.jpg

That previous imbalance of demand over supply on 1hr is here:

http://i44.tinypic.com/24bno7s.jpg...
Blogging daily now at www.volume.zone
  • #212,630
  • Apr 2, 2010 8:42am Apr 2, 2010 8:42am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cable support is at 51100 if that breaks then 50500.

ta
ams
  • #212,631
  • Apr 2, 2010 8:43am Apr 2, 2010 8:43am
Quoting malcolmb14
I was just ribbing Preet ... it was an awesome call .. hence the smiley face at the end of the post.

His target may be a bit off though , closer to 1.5170 , BUT with holiday we may not see all days range
I have 5176. So I hope you're wrong cause my long stop is 68....LOL
Ghost Rider - WWTBMD?
  • #212,632
  • Apr 2, 2010 8:49am Apr 2, 2010 8:49am
Quoting albchr
I have 5176. So I hope you're wrong cause my long stop is 68....LOL
this place is pivotal
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 24 KB
  • #212,633
  • Apr 2, 2010 8:52am Apr 2, 2010 8:52am
So many bank holidays on Monday in FF calendar..
Smile Chankl78
  • #212,634
  • Apr 2, 2010 8:53am Apr 2, 2010 8:53am
Quoting chankl78
So many bank holidays on Monday in FF calendar..

Not much action on Monday, Target is closed too. CME is open, so you may see a bit of action after 0720 Chicago time. I am not trading till Tuesday.
  • #212,635
  • Apr 2, 2010 8:57am Apr 2, 2010 8:57am
took a chance gone long..im on the bus
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  • #212,636
  • Apr 2, 2010 8:59am Apr 2, 2010 8:59am
Quoting nAVIN2007
took a chance gone long..im on the bus
We could see a small retrace here to 525, before we go back down.
  • #212,637
  • Apr 2, 2010 9:00am Apr 2, 2010 9:00am
Quoting cloggie
We could see a small retrace here to 525, before we go back down.

i took it purely cause of a trendline..might regret it
  • #212,638
  • Apr 2, 2010 9:04am Apr 2, 2010 9:04am
GJ moved 1200 pip since 132 now 142.9

Why all of you only focus on GU ??
  • #212,639
  • Apr 2, 2010 9:06am Apr 2, 2010 9:06am
Quoting Baby-Trader
GJ moved 1200 pip since 132 now 142.9

Why all of you only focus on GU ??
maybe cause people want to hold on to their money a bit longer
  • #212,640
  • Apr 2, 2010 9:06am Apr 2, 2010 9:06am
GJ 132 was on 1 march 2010
144 today 2 April 2010

just 1 month with one pair make 1200 pips.
Isn't it more interesting than GU ???
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