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Cable Update (GBPUSD)

  • #213,621
  • Apr 7, 2010 1:28am Apr 7, 2010 1:28am
Quoting manize
I'll pay attention if drop untill DP today 07.00 am GMT +7 1.5214 ! Currently I hold short from 1.5273 !
make sure stop is break even and do nto move it

IF 1.5225 was London / frankie low ... target before or during US 1.5350 to 1.5380 .

3 0min still lower highs though , and 1,5275 break out will confirm targets.
Blogging daily now at www.volume.zone
  • #213,622
  • Apr 7, 2010 1:30am Apr 7, 2010 1:30am
Sorry bbakker, got this on the H1 aswell...

Pointing to retest of bottom of channel and it is lmost below my MA's

But like I said, I dont like predicting, nice to try though
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@pawpaw1000 on Twitter
  • #213,623
  • Apr 7, 2010 1:30am Apr 7, 2010 1:30am
Quoting manize
I'll pay attention if drop untill DP today 07.00 am GMT +7 1.5214 ! Currently I hold short from 1.5273 !
It is 07:30 in London now (BST: British Summer Time: GMT+1)
  • #213,624
  • Apr 7, 2010 1:34am Apr 7, 2010 1:34am
Quoting pawpaw1000
Sorry bbakker, got this on the H1 aswell...

Pointing to retest of bottom of channel and it is lmost below my MA's

But like I said, I dont like predicting, nice to try though
This channel is very much in play now, and looking at your order, you will be making this play.

Last night a couple of charts appeared with this channel and there is no need to be sorry!
  • #213,625
  • Apr 7, 2010 1:36am Apr 7, 2010 1:36am
short... 53 tp 30... just scalping my 5min channel...

s/l above top tl...
@pawpaw1000 on Twitter
  • #213,626
  • Apr 7, 2010 1:42am Apr 7, 2010 1:42am
g2g, looks like my lil scalp gonna work...

put sell at 5175 and also at 5300 so either way, am looking short...

5360 is s/l for top and 5210 for bottom...

both target 5130...
@pawpaw1000 on Twitter
  • #213,627
  • Apr 7, 2010 1:42am Apr 7, 2010 1:42am
services PMI will define the day.
  • #213,628
  • Apr 7, 2010 1:43am Apr 7, 2010 1:43am
Quoting pawpaw1000
Sorry bbakker, got this on the H1 aswell...

Pointing to retest of bottom of channel and it is lmost below my MA's

But like I said, I dont like predicting, nice to try though
malcolmb14 has other ideas and if the DP isn't broken during the Europe session, we could break to the upside.

http://www.forexfactory.com/showthre...40#post3614840
  • #213,629
  • Apr 7, 2010 1:49am Apr 7, 2010 1:49am
Quoting bbakker
malcolmb14 has other ideas and if the DP isn't broken during the Europe session, we could break to the upside.

http://www.forexfactory.com/showthre...40#post3614840

30 min ultra high volume doji looking thingy .... right off the point of control / high volume pivot of yesterday

BUT 30 min still trending down

1.5275 break is required to confirm this strength , until this break the trend is down on 30 with lower highs



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  • #213,630
  • Apr 7, 2010 1:52am Apr 7, 2010 1:52am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Anybody see an inverted Head and Shoulders like I do?
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  • #213,631
  • Apr 7, 2010 1:52am Apr 7, 2010 1:52am
Quoting pawpaw1000
g2g, looks like my lil scalp gonna work...

put sell at 5175 and also at 5300 so either way, am looking short...

5360 is s/l for top and 5210 for bottom...

both target 5130...
Nice scalp!
  • #213,632
  • Apr 7, 2010 1:54am Apr 7, 2010 1:54am
Morning all

Well, doesn't seem that much has happened overnight. Disappointed to see that my additional short at 1.5280 just missed out on triggering, but the upside is at least we are back to near where I booked my original short at 1.5225. Let's hope we can get down to 1.5175 to clear a nice 50 pips for the morning. If the momentum is good, may take it down to 1.5125, but it would have to be a good strong rally to make me consider that.

It's been quite difficult to gauge where cable is going as there appears to be no definitive momentum at the mo. Let's hope Services news sparks a bit of life into the game.

Scalpers must be having a great time of it at the mo.

GL to you all.

Edit: 1.5225 tested twice now, got a feeling this is going to end up going up!!
  • #213,633
  • Apr 7, 2010 1:59am Apr 7, 2010 1:59am
I'm again here! Hi, ALL)
  • #213,634
  • Apr 7, 2010 2:01am Apr 7, 2010 2:01am
Quoting PavelRus
I'm again here! Hi, ALL)
Privet
Nil Desperandum Illegitimi Carborundum
  • #213,635
  • Apr 7, 2010 2:02am Apr 7, 2010 2:02am
Quoting OldReigatian
1.5225 tested twice now, got a feeling this is going to end up going up!!
True. is that a Double bottom on 5m and 15m to be considered ?
  • #213,636
  • Apr 7, 2010 2:03am Apr 7, 2010 2:03am
Quoting rasc00
privet
Привет, как тут обстановка?)
  • #213,637
  • Apr 7, 2010 2:06am Apr 7, 2010 2:06am
Morning all, I am looking at levels to the North here. PA remaining above the DP and the 150ma on M30 acting as a barrier for further moves up. 5125 and 5237 are strong support on H1 and looking to break 5380 today. the PA on H1 tells me the DP is holding. Especially as the DP moved downwards due to the retracement yesterday. May still get my DB albeit slightly skewed.

Am letting the H1 consolidate a bit more before my entry. 5266 and 5280 will need to break to confirm direction.

Going to make some coffee now.
  • #213,638
  • Apr 7, 2010 2:07am Apr 7, 2010 2:07am
Quoting pavelrus
Привет, как тут обстановка?)
Я только продвигался
Nil Desperandum Illegitimi Carborundum
  • #213,639
  • Apr 7, 2010 2:08am Apr 7, 2010 2:08am
Quoting Honored
True. is that a Double bottom on 5m and 15m to be considered ?
So difficult to read what is going to happen. Is it the institutions positioning themselves prior to the news? Reaction to CHF news? I scalped a quick 20 which effectively moves my original position to short at 1.5245 from 1.5225. Going to cancel my 1.5280 short entry order and see where this plays out. Not going to be drawn into any positions prior to 9.30 GMT and see where that takes us.
  • #213,640
  • Apr 7, 2010 2:12am Apr 7, 2010 2:12am
DP was broken twice in last 1 hour but sustained buying pushed the prices up.

FTSE 100 may open lower, which can drag G/U again below DP.
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