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Cable Update (GBPUSD)

  • #215,001
  • Apr 8, 2010 10:10pm Apr 8, 2010 10:10pm
Quoting Honored
Its going down... to early to go up. However, i have DP at 1.5230 i might be wrong
That's about the same line I got for retrace on the M30, 200EMA..1.5230ish.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,002
  • Apr 8, 2010 10:12pm Apr 8, 2010 10:12pm
Quoting Magix
That's about the same line I got for retrace on the M30, 200EMA..1.5230ish.
Hi bro, we need your updated magic chart !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #215,003
  • Apr 8, 2010 10:15pm Apr 8, 2010 10:15pm
hi, am not a pro at all, just started learning, but let me know if this makes sense
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  • #215,004
  • Apr 8, 2010 10:35pm Apr 8, 2010 10:35pm
Quoting manize
Hi bro, we need your updated magic chart !
Few possibilities that I see, 2 are on the chart.
1. We retrace the 200 Ema on M30 for continuation of long chart.
2. We drop to lower trend line like we have all week...

3. We could just hold the 5m 200ema as support 1.5262 and move on up to retrace yesterdays newly painted ceiling and move on up.
4. We retrace HOD and then drop to LTL like we did on Monday....

I have taken a couple of small trades just to keep my eyes on the chart, but am currently sitting flat. Not long now for London to open, Frankie prolly get a little jiggy, but my money sits until I get a better sense of direction.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #215,005
  • Apr 8, 2010 10:35pm Apr 8, 2010 10:35pm
Quoting xPrav
hi, am not a pro at all, just started learning, but let me know if this makes sense
marked in the above chart what i feel is sticky and breaking points
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  • #215,006
  • Apr 8, 2010 11:05pm Apr 8, 2010 11:05pm
Went short from 60 yesterday and got stopped...

she has broken her ritualistic up down so I'm voting BULL!
@pawpaw1000 on Twitter
  • #215,007
  • Apr 8, 2010 11:15pm Apr 8, 2010 11:15pm
Update #222826 #458
  • #215,008
  • Apr 8, 2010 11:15pm Apr 8, 2010 11:15pm
Quoting pawpaw1000
Went short from 60 yesterday and got stopped...

she has broken her ritualistic up down so I'm voting BULL!
I'm with you. If we have a mad Friday, could see as high at 1.55 or as low as 1.51.

I am on sidelines until 1.5220 broken. If that goes then we are on way to 1.5380-1.5420 zone and I'll want to ride that all the way
  • #215,009
  • Apr 8, 2010 11:17pm Apr 8, 2010 11:17pm
Good Morning Traders,

do we get a clear break to the upside? My vote, not this week.
Hope it kisses the ltl one more time, so we can play the range again.
Come on london city boys show us the way.
wish everybody a successful trading day.
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  • #215,010
  • Apr 8, 2010 11:17pm Apr 8, 2010 11:17pm
Quoting OldReigatian
I'm with you. If we have a mad Friday, could see as high at 1.55 or as low as 1.51.

I am on sidelines until 1.5220 broken. If that goes then we are on way to 1.5380-1.5420 zone and I'll want to ride that all the way
5320...
@pawpaw1000 on Twitter
  • #215,011
  • Apr 8, 2010 11:29pm Apr 8, 2010 11:29pm
I'd set a very small long up at 15305 yesterday, it got triggered after midnight (just touched it). Saw it drop from there but left it and put a limit of 15307 on, and have just come back to see it disappear.

15300+ twice in 7 hours. That a fake out or are we getting pushed up here?!
Back to basics, it has to be for me!
  • #215,012
  • Apr 8, 2010 11:30pm Apr 8, 2010 11:30pm
Quoting pawpaw1000
5320...
Good..... You are awake.....That was the intentional mistake

Looking at a couple of the charts this morning, the overnight wedges earlier in the week indicated the fall to the lower trend lines. Last nights has not indicated this. I think we will see the rise we are anticipating, but are we in for a surprise at the end of the day with everybody selling off? who knows....................
  • #215,013
  • Apr 8, 2010 11:37pm Apr 8, 2010 11:37pm
Quoting OldReigatian
Good..... You are awake.....That was the intentional mistake

Looking at a couple of the charts this morning, the overnight wedges earlier in the week indicated the fall to the lower trend lines. Last nights has not indicated this. I think we will see the rise we are anticipating, but are we in for a surprise at the end of the day with everybody selling off? who knows....................

it has tested 53000 - 53200 area many times... If it fails and falls below 80 I'm gonna short...
@pawpaw1000 on Twitter
  • #215,014
  • Apr 8, 2010 11:38pm Apr 8, 2010 11:38pm
Morning all.

Got stopped out last night, could be looking at a long entry here, not on this hourly bar though. We touched the neckline twice at 53. Am standing aside to play the larger breakout on H1 527-53, with a better entry on the M15, if it develops. Any upmove through 53 from here won't have the momentum to carry it through.
  • #215,015
  • Apr 8, 2010 11:41pm Apr 8, 2010 11:41pm
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@pawpaw1000 on Twitter
  • #215,016
  • Apr 8, 2010 11:41pm Apr 8, 2010 11:41pm
ECB speech is positive, could be push stcks go high,and gbp could retest 5320.
  • #215,017
  • Apr 8, 2010 11:42pm Apr 8, 2010 11:42pm
Anyone been brave enough to stick anything to kick in at 15325+?

I had one at 15315 a few days ago I was lucky enough to see get activated then drop like a stone
Back to basics, it has to be for me!
  • #215,018
  • Apr 8, 2010 11:44pm Apr 8, 2010 11:44pm
Quoting BadTradingFi
Anyone been brave enough to stick anything to kick in at 15325+?

I had one at 15315 a few days ago I was lucky enough to see get activated then drop like a stone
nah but.... TIMBER!!!!
@pawpaw1000 on Twitter
  • #215,019
  • Apr 8, 2010 11:44pm Apr 8, 2010 11:44pm
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Thank You
  • #215,020
  • Apr 8, 2010 11:46pm Apr 8, 2010 11:46pm
Quoting Magix
Few possibilities that I see, 2 are on the chart.
1....
Thank you bro. Let me know what is your opinion with my short at 1.5301 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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