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Cable Update (GBPUSD)

  • #213,121
  • Apr 5, 2010 4:22pm Apr 5, 2010 4:22pm
Quoting malcolmb14
usd news nfp all good
housing news smoking ...

so now lets look at chart

clear sellers at top of channel 1.5300. We have to wait for next session to see reaction to this. So far I have only seen calls of 1.7000..lol.... that cracked me up but each to their own .

GU could be in this 400 pip wide channel for weeks still .

All I know for now is we saw sellers on NFP . LOW volume testing top iof channel in non existant session last 24 hours and now selling off that channel top on 60 / 30 and 15m in volumes.

At the monent I am...
Hi Mal,
I'm who calling for 1.7
but after certain conditions I mentioned in this post.

Quoting Baby-Trader
Sorry it is too early to say that but I have to say.
a close above (Daily/Weekly) the white line (260 SMA) we will see 1.7 and beyond.

but now I'm waiting for the double bottom pattern confirmation which is Closing above 1.5380.

this pattern target is 590 pips. you can get it by calculating the pattern target.

it means 1.5380 + 590 = 1.5970

but I will be conservative, my initial target is 1.5820.

Let's see.
  • #213,122
  • Apr 5, 2010 4:27pm Apr 5, 2010 4:27pm
Quoting Baby-Trader
Hi Mal,
I'm who calling for 1.7
but after certain conditions I mentioned in this post.

I know it made me laugh , although there could be very valid reasons for this one the weekly charts in relation to volume. (ar 1.6000 at least)

You have the pateince to sit there and wait , good for you . BUT bonds are dropping , in fact todays yields are highest in 4 years. This indicates interest rates may be on the rise , or at least that perception may be interest rates are on the rise.
Blogging daily now at www.volume.zone
  • #213,123
  • Apr 5, 2010 4:36pm Apr 5, 2010 4:36pm
I closed my shorts, not sure what this PA is going to do tonight, will see in the morning once Franky opens.

Goodnight guys.
  • #213,124
  • Apr 5, 2010 4:42pm Apr 5, 2010 4:42pm
hi Kill56
thank you for your mail and i hope you can adivce me about the pound short or long ???
what is your position now?
thank you inadvance
  • #213,125
  • Apr 5, 2010 4:44pm Apr 5, 2010 4:44pm
i think egkid is the only one trader that use his brain...,
hey kid, tell us something...
I will be the number one Manager.
  • #213,126
  • Apr 5, 2010 4:44pm Apr 5, 2010 4:44pm
Here comes my second chart, so be nice Damn those trend lines are hard to place!

Attached Image (click to enlarge)
Click to Enlarge Name: gu_050410_2230_1hr.gif Size: 31 KB


DP (GMT) and 1st S/R are in red, my trend lines in yellow. Blue area will be a sell area for me with a tight SL above R1 @ ~15325. Let's hope it reaches there before the witching hour when I would like to get tucked up into bed to catch my beauty sleep
  • #213,127
  • Apr 5, 2010 4:47pm Apr 5, 2010 4:47pm
Quoting javapips
i think egkid is the only one trader that use his brain...,
hey kid, tell us something...
still you only need 1/2 a brain... the other always gets in the way.

Dr. D.
  • #213,128
  • Apr 5, 2010 4:48pm Apr 5, 2010 4:48pm
Quoting bbakker
Here comes my second chart, so be nice Damn those trend lines are hard to place!

Attachment

DP (GMT) and 1st S/R are in red, my trend lines in yellow. Blue area will be a sell area for me with a tight SL above R1 @ ~15325. Let's hope it reaches there before the witching hour when I would like to get tucked up into bed to catch my beauty sleep

Do you need the grid?
Nil Desperandum Illegitimi Carborundum
  • #213,129
  • Apr 5, 2010 4:50pm Apr 5, 2010 4:50pm
Quoting hano78
hi Kill56
thank you for your mail and i hope you can adivce me about the pound short or long ???
what is your position now?
thank you inadvance
hi

from what i see we might go down but the cable is crazy i will wait to see more conformation
  • #213,130
  • Apr 5, 2010 4:55pm Apr 5, 2010 4:55pm
Quoting rasc00
Do you need the grid?
If it is a turnoff, I'll remove them for next time! I've always liked my grids and they just blend into the background for me but they can muddy the picture

EDIT: Note to self, remove grid before save to gif!
  • #213,131
  • Apr 5, 2010 5:02pm Apr 5, 2010 5:02pm
so lets see ...

well usd strength on news ... and bond movement.

Gbp however may hold strength due to elections.

The easier pair to trade maybe eu , that already has weakness and is in a clear bear flag on 4 hour. ( that is if you do not understand the movements of Gu)
Blogging daily now at www.volume.zone
  • #213,132
  • Apr 5, 2010 5:05pm Apr 5, 2010 5:05pm
Getting tired of seeing the same old numbers..... Think I'm going to have to call it a day.


Nice clean cut at 1.52999 at present on the daily high (since us close on fxcm) If it goes above this I think we'll see it get as high as 153.50-80 (bull bear ) else we'll go down to 1.52 overnight per the 60 minute chart and down to between 1.5115 and 1.5055 by close of us session tomorrow.

GL to all those with the stamina to stay up.
  • #213,133
  • Apr 5, 2010 5:09pm Apr 5, 2010 5:09pm
Quoting malcolmb14
so lets see ...

well usd strength on news ... and bond movement.

Gbp however may hold strength due to elections.

The easier pair to trade maybe eu , that already has weakness and is in a clear bear flag on 4 hour. ( that is if you do not understand the movements of Gu)
13500 would be my sell opening target this time round with a SL just above DP.... looks like another order then! Should have stuck with it from earlier and not moved my SL to BE so quickly! All these lessons to learn!
  • #213,134
  • Apr 5, 2010 5:16pm Apr 5, 2010 5:16pm
Quoting fourxtrader
still you only need 1/2 a brain... the other always gets in the way.

Dr. D.
The better half always gets in my way when I want to have some fun
  • #213,135
  • Apr 5, 2010 5:22pm Apr 5, 2010 5:22pm
here we go
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 21 KB
  • #213,136
  • Apr 5, 2010 5:31pm Apr 5, 2010 5:31pm
Quoting kill56
here we go
Is that the SL area above 15331? A little legend would go a long way
  • #213,137
  • Apr 5, 2010 5:37pm Apr 5, 2010 5:37pm
Quoting bbakker
Is that the SL area above 15331? A little legend would go a long way
above we are going to hell below we are going to heaven in between is the killen machine we might get fooooked or we might get some honey to me east is way of salvation
  • #213,138
  • Apr 5, 2010 5:42pm Apr 5, 2010 5:42pm
hi new comers in the room my advice to u trade with a demo with only $200 or $300 max for a while then enter the real doomed crackforex and get high when u start making money or u will get burned
  • #213,139
  • Apr 5, 2010 5:43pm Apr 5, 2010 5:43pm
Quoting kill56
above we are going to hell below we are going to heaven in between is the killen machine we might get fooooked or we might get some honey to me east is way of salvation
You're a legend
  • #213,140
  • Apr 5, 2010 5:46pm Apr 5, 2010 5:46pm
Quoting kill56
hi new comers in the room my advice to u trade with a demo with only $200 or $300 max for a while then enter the real doomed crackforex and get high when u start making money or u will get burned
Demo lacks the emotional side, go micro I would say, but make sure you trade with what you can afford to lose. No good trading scared money! However, the crack is in the forex
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