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Cable Update (GBPUSD)

  • #214,901
  • Apr 8, 2010 3:16pm Apr 8, 2010 3:16pm
1HR
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Click to Enlarge Name: resistance thurs2.gif Size: 31 KB
  • #214,902
  • Apr 8, 2010 3:16pm Apr 8, 2010 3:16pm
Quoting Boon Doc
Yeah, I'm watching 1Hr and it's in a consolidation pattern, green candle, red candle, green candle, but it keeps challenging resistance...it's failed, but it's nerve racking.
yea and the Bull Flag on the H1 is real scary. Glad we are going into asian session
  • #214,903
  • Apr 8, 2010 3:19pm Apr 8, 2010 3:19pm
Quoting zoom
@kill - thanks

another chart favouring shorts - 1h
that also coincides with wormies diamond formation and he has the same target 1.5105 not sure if his diamond pattern is broken
  • #214,904
  • Apr 8, 2010 3:21pm Apr 8, 2010 3:21pm
Quoting Honored
that also coincides with wormies diamond formation and he has the same target 1.5105 not sure if his diamond pattern is broken

Wormy, let me know what you think mate... I am going to bed now and need to now whether to move my stops to be so as to salvage this trade or hope for 5220???

OOPS, forgot he uses a longer s/l... MMMMM!!!
@pawpaw1000 on Twitter
  • #214,905
  • Apr 8, 2010 3:21pm Apr 8, 2010 3:21pm
Quoting Honored
yea and the Bull Flag on the H1 is real scary. Glad we are going into asian session
Asian session has been good for us lately, as long as it doesn't spike at the 3rd hour like it did 3 days ago...please don't do that...LOL
  • #214,906
  • Apr 8, 2010 3:23pm Apr 8, 2010 3:23pm
Interesting read for us shorters!

http://www.forexcrunch.com/what-will...orex+Crunch%29
  • #214,907
  • Apr 8, 2010 3:24pm Apr 8, 2010 3:24pm
t/p 34... just 15 pips... aiaiai.
@pawpaw1000 on Twitter
  • #214,908
  • Apr 8, 2010 3:25pm Apr 8, 2010 3:25pm
Quoting pawpaw1000
Wormy, let me know what you think mate... I am going to bed now and need to now whether to move my stops to be so as to salvage this trade or hope for 5220???

OOPS, forgot he uses a longer s/l... MMMMM!!!
My earlier link might give you an idea for a SL
  • #214,909
  • Apr 8, 2010 3:25pm Apr 8, 2010 3:25pm
Quoting bbakker
Interesting read for us shorters!

http://www.forexcrunch.com/what-will...orex+Crunch%29
Good one. i like the bad part lol

I think because of the recent news we are testing the highs , and so are all the TF's pointing the same up move. The downfall should start right here
  • #214,910
  • Apr 8, 2010 3:26pm Apr 8, 2010 3:26pm
Quoting Honored
Buyers 10460
Sellers 572
power 18

May I ask where you got this information?
  • #214,911
  • Apr 8, 2010 3:28pm Apr 8, 2010 3:28pm
t/p for other half... 5150...

I say go big or go home...
@pawpaw1000 on Twitter
  • #214,912
  • Apr 8, 2010 3:30pm Apr 8, 2010 3:30pm
Quoting Smurf Trader
May I ask where you got this information?
an indi provided by Kill
Attached File(s)
File Type: ex4 forexsignalszulutrade.ex4   9 KB | 319 downloads
  • #214,913
  • Apr 8, 2010 3:32pm Apr 8, 2010 3:32pm
Quoting bbakker
Interesting read for us shorters!

http://www.forexcrunch.com/what-will...orex+Crunch%29
Nice article...it agrees with us, so we like it...LOL.
When it said," On the other hand, the bottom border, 1.5110, is just a minor resistance line. The Pound was below the bottom border less than 10 years ago, while it didn’t breach the top border in 6 weeks."
Did he mean to say 10 days?
  • #214,914
  • Apr 8, 2010 3:34pm Apr 8, 2010 3:34pm
Off topic: Tiger just played the most outrageous 200yd low hook around some trees to end up 10ft from the hole. That boy hasn't lost his game even after 6 months off! Awesome golf!

Back to the telly and no more golf, I promise!
  • #214,915
  • Apr 8, 2010 3:35pm Apr 8, 2010 3:35pm
15267, the new 15250?!

Ah, ema 150 on the M1 chart just crossed there, probably a co-incidence but I just saw that too
Back to basics, it has to be for me!
  • #214,916
  • Apr 8, 2010 3:36pm Apr 8, 2010 3:36pm
on the other hand .... ... i can hedge my shorts till the downtrend resume. what do you think about that?

thanks.
... feel better day by day.
  • #214,917
  • Apr 8, 2010 3:36pm Apr 8, 2010 3:36pm
Draw a trend line across the top of the candle bodies of the three peaks. Shadows go over a bit, but it's been staying at that resistance line...see last chart post.
  • #214,918
  • Apr 8, 2010 3:37pm Apr 8, 2010 3:37pm
iam out of my Long cable trade +75 and i'll be back
Have a good night all

Regards
  • #214,919
  • Apr 8, 2010 3:39pm Apr 8, 2010 3:39pm
Quoting bbakker
My earlier link might give you an idea for a SL
sir..SL not change right?...still 95?
Revesal Trader
  • #214,920
  • Apr 8, 2010 3:40pm Apr 8, 2010 3:40pm
Quoting zoom
on the other hand .... ... i can hedge my shorts till the downtrend resume. what do you think about that?

thanks.
Not a bad idea with an entry order @ 1.53, problem is only those nasty false spikes...
Don't be a hero. Don't have an ego. Always question yourself
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