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Cable Update (GBPUSD)

  • #214,741
  • Apr 8, 2010 8:44am Apr 8, 2010 8:44am
Quoting cloggie
Based on the daily range there is still another 25-30 pips in play. Which brings us to 5287
And after the past few charts, I'm feeling a bit uneasy again.

Just had a mooch about and read this which seems to support the upside theory too!

http://www.forexlive.com/98721/all/g...-rally-extends
Back to basics, it has to be for me!
  • #214,742
  • Apr 8, 2010 8:44am Apr 8, 2010 8:44am
Well, it is good time to sell but I am still looking at 1.5280 as one of the best place to sell. The 1 HOUR chart still makes it a good place to sell.

I think a strong resistance at today resistance 1 is still intact and I can start selling there.
  • #214,743
  • Apr 8, 2010 8:45am Apr 8, 2010 8:45am
Quoting Baby-Trader
Salam Ya kabten.

GU deriving me crazy.

TA has no role here.

Candle Stick patterns didn't play.

Moving Averages didn't work.
Hi BT
Nice to see u bro
I see we r still the same like yesterday and the day before
We r in Consolidation >>No Trend
http://www.forexfactory.com/showthre...72#post3613572

Any position now will be not safe can anytime big move happen in either of the direction
  • #214,744
  • Apr 8, 2010 8:46am Apr 8, 2010 8:46am
Quoting cloggie
There is no reason for an immediate jump to 5287, we have 5 hours left. Then again both H1 and H4 are bullish.
There is a reason, more buyers then sellers.

Assumptions can take and fill them ass charts of yours in ways you have never dreamed.

I would suggest we all strap on some crash helmets and bite down on some tongue depressors, this could be a very interesting close of week.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #214,745
  • Apr 8, 2010 8:46am Apr 8, 2010 8:46am
Quoting cloggie
Based on the daily range there is still another 25-30 pips in play. Which brings us to 5287
Hey, I agree with you, one of the best place to sell is 1.5287.
  • #214,746
  • Apr 8, 2010 8:46am Apr 8, 2010 8:46am
Quoting BadTradingFi
And after the past few charts, I'm feeling a bit uneasy again.

Just had a mooch about and read this which seems to support the upside theory too!

http://www.forexlive.com/98721/all/g...-rally-extends
Yes, followed this up by closing it with a couple in the bag. Will check again later.

Maybe I'm playing it too safe now!
Back to basics, it has to be for me!
  • #214,747
  • Apr 8, 2010 8:49am Apr 8, 2010 8:49am
Not sure what time frame everyone else uses for this but I love trading rounded tops and bottoms on the 15m. Lets see if this one can hold and send us back toward 5220.

Attached Image (click to enlarge)
Click to Enlarge Name: Round top.jpg Size: 194 KB


Looks like I need to lay off the coffee for awhile.....Cant draw a steady line
  • #214,748
  • Apr 8, 2010 8:56am Apr 8, 2010 8:56am
Quoting egkid
Hi BT
Nice to see u bro
I see we r still the same like yesterday and the day before
We r in Consolidation >>No Trend
http://www.forexfactory.com/showthre...72#post3613572

Any position now will be not safe can anytime big move happen in either of the direction
Hi EGKid,
Nice to meet you.
I really sorry.
I've been very busy last 2 months.
Willing to meet you in our chats but the market is very frustrated.

Any way Stop Loses doing great job for me.
  • #214,749
  • Apr 8, 2010 8:56am Apr 8, 2010 8:56am
Quoting cloggie
There is no reason for an immediate jump to 5287, we have 5 hours left. Then again both H1 and H4 are bullish.
Me and you are just thinking the same thing. I bet if this hit 1.5287 I will be targeting clean 100 pips before 2mmorrow. your target if it hit this area.
  • #214,750
  • Apr 8, 2010 8:57am Apr 8, 2010 8:57am
Just hit my entry target! Watching The Masters on my laptop @work instead hence the lack of input on my part and probably for the next 4 days while this is on

I am sure some of you are sighing with relief, hey Javapips... oops, forgot she has me on the ignore list
  • #214,751
  • Apr 8, 2010 8:59am Apr 8, 2010 8:59am
And up she goes.....
  • #214,752
  • Apr 8, 2010 9:00am Apr 8, 2010 9:00am
Quoting bbakker
Just hit my entry target! Watching The Masters on my laptop @work instead hence the lack of input on my part and probably for the next 4 days while this is on

I am sure some of you are sighing with relief, hey Javapips... oops, forgot she has me on the ignore list
where your SL sir?..
Revesal Trader
  • #214,753
  • Apr 8, 2010 9:01am Apr 8, 2010 9:01am
Quoting Smurf Trader
Not sure what time frame everyone else uses for this but I love trading rounded tops and bottoms on the 15m. Lets see if this one can hold and send us back toward 5220.

Attachment

Looks like I need to lay off the coffee for awhile.....Cant draw a steady line
Yes, i like the 15 mins charts too - cable should fall here. I really hope so.
  • #214,754
  • Apr 8, 2010 9:02am Apr 8, 2010 9:02am
double top on 15 mins
  • #214,755
  • Apr 8, 2010 9:03am Apr 8, 2010 9:03am
Quoting mygoldenpips
where your SL sir?..
Above yesterday's high of 15287, so 15295
  • #214,756
  • Apr 8, 2010 9:03am Apr 8, 2010 9:03am
close long....
done for today...scalping is tired..
I will be the number one Manager.
  • #214,757
  • Apr 8, 2010 9:09am Apr 8, 2010 9:09am
I know this isnt the proper thread for it but just wanna put this in everyones head to think about....USD/JPY bounced like clockwork off my middle tr on the fitchfork....94 here we come!

Let me know if im out of place for posting a quick idea here and I will no longer comment on other pairs in this thread......

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 277 KB
  • #214,758
  • Apr 8, 2010 9:16am Apr 8, 2010 9:16am
i think dixy is holding
Attached Image (click to enlarge)
Click to Enlarge Name: h1 dixy.gif Size: 28 KB
  • #214,759
  • Apr 8, 2010 9:16am Apr 8, 2010 9:16am
Quoting Baby-Trader
I'm Thinking now to short GJ to have a trip to 1.38

I still thinking
Got It Short GJ 142.29 SL 143 TO---- > 138
  • #214,760
  • Apr 8, 2010 9:16am Apr 8, 2010 9:16am
Quoting free4440273
double top on 15 mins
Free....I with you on this one.....Looks like 5280 held and the price is back down to the top of my original rounded top. Should be heading south from here as the bulls look to be losing steam.
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