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Cable Update (GBPUSD)

  • #214,261
  • Apr 8, 2010 1:49am Apr 8, 2010 1:49am
Quoting pawpaw1000
Yesterdays drop seems awefully similar to todays...

todays is a bit lower though so maybe that means we going lower

propably not...
We are having a quick restbite (I hope... or should I say most of us hope!) at the long-term trendline, before we continue our way down.
  • #214,262
  • Apr 8, 2010 1:50am Apr 8, 2010 1:50am
out waiting london will open in 15
  • #214,263
  • Apr 8, 2010 1:51am Apr 8, 2010 1:51am
Quoting bbakker
I'm taking some profit at the ltl! She could bounce back up from there! She has done last two times!
Most days you can get a little quicker entry if you keep track of the daily open , put a line on your chart at your open and watch it for a few days , treat it like the line in the sand between buyers and sellers , as you can see we traded below the open since rollover , when the fun starts look for a retest of tht area then the drop or vice versa if we have been trading above it such as the usdchf take a gander and you will see wht happened there , here is a gbpusd chart of that set up, as with anything not a given but a handy weapon most days for a nice trade , cheers all
Attached Image (click to enlarge)
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  • #214,264
  • Apr 8, 2010 1:53am Apr 8, 2010 1:53am
Quoting kill56
out waiting london will open in 15
I'm staying in... My position is small enough but I'm starting to think this could be a fake... either way it should go down to touch 30...
@pawpaw1000 on Twitter
  • #214,265
  • Apr 8, 2010 1:54am Apr 8, 2010 1:54am
Quoting BadTradingFi
Yup, nice to make a good call. Minimum I'm taking out of this is 85 pips.

Ooops, looks like it's going back up....
It always does and never goes down in a straight line, but hopefully this is just a temporary uplift and we will blow away the long-term traders parked around 15180. The current upmove is not supported by volume on my m15, so the chances are we will be going down again.
  • #214,266
  • Apr 8, 2010 1:56am Apr 8, 2010 1:56am
Quoting pawpaw1000
I'm staying in... My position is small enough but I'm starting to think this could be a fake... either way it should go down to touch 30...
i know it will go down but i cant see green turn to red safe than sorry bro i will hit again i am here all day
  • #214,267
  • Apr 8, 2010 1:58am Apr 8, 2010 1:58am
Quoting bbakker
It always does and never goes down in a straight line, but hopefully this is just a temporary uplift and we will blow away the long-term traders parked around 15180. The current upmove is not supported by volume on my m15, so the chances are we will be going down again.
on the 4h, seems to have hit the support at 1.51753, lets see if it stays.
  • #214,268
  • Apr 8, 2010 1:58am Apr 8, 2010 1:58am
Quoting kill56
i know it will go down but i cant see green turn to red safe than sorry bro i will hit again i am here all day
kill , my good man , you collecting the greenie today good job man
  • #214,269
  • Apr 8, 2010 1:59am Apr 8, 2010 1:59am
Quoting pawpaw1000
I'm staying in... My position is small enough but I'm starting to think this could be a fake... either way it should go down to touch 30...
by 30...do you mean 1.50300?
  • #214,270
  • Apr 8, 2010 2:00am Apr 8, 2010 2:00am
aaah.. late again...
goddamn meeting... shorting @5188
can it touch the 30 really?
i'll do my best, and let the old lady decide where she wanna go
  • #214,271
  • Apr 8, 2010 2:01am Apr 8, 2010 2:01am
Quoting kill56
i know it will go down but i cant see green turn to red safe than sorry bro i will hit again i am here all day
@pawpaw1000 on Twitter
  • #214,272
  • Apr 8, 2010 2:01am Apr 8, 2010 2:01am
Quoting kill56
i know it will go down but i cant see green turn to red safe than sorry bro i will hit again i am here all day
London open soon and the news forecast a good news for GBP. There still a possible going back to 1.5225 there. Maybe a good sell setup later on to resume this down movement
  • #214,273
  • Apr 8, 2010 2:02am Apr 8, 2010 2:02am
Quoting bbakker
It always does and never goes down in a straight line, but hopefully this is just a temporary uplift and we will blow away the long-term traders parked around 15180. The current upmove is not supported by volume on my m15, so the chances are we will be going down again.
Yea, realise that, be better if it did though

I keep flicking to the 1m/5m/10m charts just to see what's happening though, they dont look good.

Oh, my stop kicked in at 15195. Hope it carries on down for the rest of you, but would appear I'm out!
Back to basics, it has to be for me!
  • #214,274
  • Apr 8, 2010 2:02am Apr 8, 2010 2:02am
Quoting digger1
kill , my good man , you collecting the greenie today good job man
hey digg i hope u did too it did stop here i dont like red bro

as the wise man said hit and run baby
  • #214,275
  • Apr 8, 2010 2:02am Apr 8, 2010 2:02am
Quoting digger1
kill , my good man , you collecting the greenie today good job man
Nice call Kill!
  • #214,276
  • Apr 8, 2010 2:06am Apr 8, 2010 2:06am
Quoting special0nefx
London open soon and the news forecast a good news for GBP. There still a possible going back to 1.5225 there. Maybe a good sell setup later on to resume this down movement
true we are in front of the screen 24h cash in then wait then hit the b;;;;;;;;;;;;;;;;;h again
  • #214,277
  • Apr 8, 2010 2:06am Apr 8, 2010 2:06am
Quoting cerevante
by 30...do you mean 1.50300?
1.51306

CLOSED for 11 pip loss...
@pawpaw1000 on Twitter
  • #214,278
  • Apr 8, 2010 2:14am Apr 8, 2010 2:14am
Quoting cerevante
on the 4h, seems to have hit the support at 1.51753, lets see if it stays.
That is indeed the long-term support line!
  • #214,279
  • Apr 8, 2010 2:17am Apr 8, 2010 2:17am
Will we get another down london session and up U.S session today ....
It's time for a free fall!
COT: The precious data ignored
  • #214,280
  • Apr 8, 2010 2:23am Apr 8, 2010 2:23am
Quoting bbakker
That is indeed the long-term support line!
thats why i am out bro but still we have some steem in her
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