Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#213,421
Apr 6, 2010 10:32am Apr 6, 2010 10:32am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Who's bidding the worst currency ever ?

COT: The precious data ignored

#213,422
Apr 6, 2010 10:33am Apr 6, 2010 10:33am

Lordpip
| Joined Mar 2010 | Status: Trader | 117 Posts

Quoting Lordpip

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i'm holding my long

Ignored

Close my long : + 50 pips heheheheh

#213,423
Apr 6, 2010 10:35am Apr 6, 2010 10:35am

OldReigatian
| Joined Mar 2010 | Status: Trader | 449 Posts

Quoting Lordpip

Disliked

Close my long : + 50 pips heheheheh

Ignored

just gone shore 1.5225 take 50 pips at 1.5175 if it retraces.

#213,424
Apr 6, 2010 10:37am Apr 6, 2010 10:37am

ba1ker
Joined Feb 2010 | Status: Inactive | 6,482 Posts

Quoting OldReigatian

Disliked

just gone shore 1.5225 take 50 pips at 1.5175 if it retraces.

Ignored

Ditto. I'm trying again

#213,425
Apr 6, 2010 10:38am Apr 6, 2010 10:38am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting bbakker

Disliked

I took a little short, scalp this time cloggie! @15195, TP @15165, SL @15210 in an uptrend since about 11am

I am a sucker for it!

Ignored

sorry bro she is crazy

most of the time cable gos uo london closing thats why i wait till the close then hit

#213,426
Apr 6, 2010 10:39am Apr 6, 2010 10:39am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting kill56

Disliked

sorry bro she is crazy

most of the time cable gos uo london closing thats why i wait till the close then hit

Ignored

I'm also short...

tight s/l just above 30 with t/p 5180...

@pawpaw1000 on Twitter

#213,427
Apr 6, 2010 10:43am Apr 6, 2010 10:43am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

i hope this line holds

Attached Image (click to enlarge)

Click to Enlarge

Name: h4 cable.gif
Size: 27 KB

#213,428
Apr 6, 2010 10:44am Apr 6, 2010 10:44am

ba1ker
Joined Feb 2010 | Status: Inactive | 6,482 Posts

Quoting kill56

Disliked

sorry bro she is crazy

most of the time cable gos uo london closing thats why i wait till the close then hit

Ignored

No worries! I should have known! Opening positions around closing time is not a great idea. You win some and you lose some, although this loss could have been easily avoided. It is part of the learning experience.

It was a small -15 pip hit and I have just opened another short @15225 with a SL @15250, TP @15175. Maybe this time round, it will be a bit more successful

#213,429
Apr 6, 2010 10:47am Apr 6, 2010 10:47am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting bbakker

Disliked

No worries! I should have known! Opening positions around closing time is not a great idea. You win some and you lose some, although this loss could have been easily avoided. It is part of the learning experience.

It was a small -15 pip hit and I have just opened another short @15225 with a SL @15250, TP @15175. Maybe this time round, it will be a bit more successful

Ignored

the move on 17 march, and I'm hoping it retraces in the same fashion

@pawpaw1000 on Twitter

#213,430
Apr 6, 2010 10:49am Apr 6, 2010 10:49am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

No short until it goes back to 1.5240-50...still targeting 1.5000

COT: The precious data ignored

#213,431
Apr 6, 2010 10:51am Apr 6, 2010 10:51am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

bbakker, cloggs was sooo right today, shoulda cashed in the ruby and stopped worrying bout the diamond! was up like heaven today and am close to BE now...

@pawpaw1000 on Twitter

#213,432
Apr 6, 2010 10:51am Apr 6, 2010 10:51am

Jefftrader
| Joined Oct 2009 | Status: Trader | 565 Posts

Quoting Tovinces

Disliked

The cable was moving during the beginning of the week together with EU to the downside. It broke the previous’ wave min level today in the morning, during the European session. That means, that the uptrend we could use at previous week has finished at least for a correction portion.

It’s hard to tell for sure, if the mid-term direction of the cable is bullish or bearish. From one point of view, the latter uptrend made a 5 wave formation, that is a strong sign of the impulse (according to the Elliott wave theory); in that case after the...

Ignored

Tovince-- I believe the latter uptrend move was only three waves ( wave 3 being extended) and we have just completed the wav4 correction -and have now begun wave 5 upwards (in 5 waves to 1.5579). This would complete a larger waveC of the entire wav4 movement. As wave 3 Always end with the peak of the oscillator.

Attached Image (click to enlarge)