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Cable Update (GBPUSD)

  • #215,021
  • Apr 9, 2010 1:49am Apr 9, 2010 1:49am
Cheeky long at 529, let's see how this develops. SL 527
  • #215,022
  • Apr 9, 2010 1:51am Apr 9, 2010 1:51am
Quoting cloggie
Cheeky long at 529, let's see how this develops.
one minute it has not power to go thru 1.5300 next you are going long 10 pip under that level....these calls are likely making the newbies dizzy.

This should head to 1.5380 to 1.5420 before end of us session .
Blogging daily now at www.volume.zone
  • #215,023
  • Apr 9, 2010 1:53am Apr 9, 2010 1:53am
hey wormie
whats up still in ur shorts ?
  • #215,024
  • Apr 9, 2010 1:53am Apr 9, 2010 1:53am
Quoting malcolmb14
one minute it has not power to go thru 1.5300 next you are going long 10 pip under that level....these calls are liekly making the newbies dizzy.

This should head to 1.5380 to 1.5420 before end of us session .

That's why I called it a cheeky long, still not convinced it has any power, therefor a tight SL
  • #215,025
  • Apr 9, 2010 1:53am Apr 9, 2010 1:53am
1 hour candle is looking pretty bearish if the price does not rally before it closes.
  • #215,026
  • Apr 9, 2010 1:55am Apr 9, 2010 1:55am
morning all. stopped out last night, disappointed but onto the next trade. think i will be flat all of today, not sure where GBPUSD is going up (price action favours it IMHO) but i guess we will know once london session starts.

good luck all
  • #215,027
  • Apr 9, 2010 1:55am Apr 9, 2010 1:55am
Morning all,

Shorts stopped out from yesterday, arrrrgh!
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #215,028
  • Apr 9, 2010 1:55am Apr 9, 2010 1:55am
Quoting Faryad
hey wormie
whats up still in ur shorts ?
i wants put mini short next hour at 528X
  • #215,029
  • Apr 9, 2010 1:58am Apr 9, 2010 1:58am
Quoting cloggie
Cheeky long at 529, let's see how this develops. SL 527
GL bro, on my chart 1.5291-1.5299 is an enough strong resistant area !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #215,030
  • Apr 9, 2010 2:00am Apr 9, 2010 2:00am
Quoting cloggie
That's why I called it a cheeky long, still not convinced it has any power, therefor a tight SL

Ton of buyers in the background on low of London and again on the little dip at start of US

I am thinking we get break out as if you look at 30 min it is way different form all other moves in the channel this week in the way it formed a wave 1 and 2


The power is coming from behind us and will be there on the breakout if the pros want higher prices


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Blogging daily now at www.volume.zone
  • #215,031
  • Apr 9, 2010 2:01am Apr 9, 2010 2:01am
Quoting AMuharram
Morning all,

Shorts stopped out from yesterday, arrrrgh!
same here brother...

Aiaiai... back to zero for week after nice profits on tuesday!
@pawpaw1000 on Twitter
  • #215,032
  • Apr 9, 2010 2:01am Apr 9, 2010 2:01am
Quoting pawpaw1000
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Nice one.... thanks for the heads up.... Is that automatically updated or do you have to download the improved station from fxcm website?
  • #215,033
  • Apr 9, 2010 2:02am Apr 9, 2010 2:02am
Quoting cloggie
Cheeky long at 529, let's see how this develops. SL 527
Looks a good call so far, especially as 527 has shown a lot of strength in the past 12 hours (much to the dismay of us shorters from yesterday!).
Back to basics, it has to be for me!
  • #215,034
  • Apr 9, 2010 2:04am Apr 9, 2010 2:04am
Here cometh the breakout, get your altitude equipment dusted off
  • #215,035
  • Apr 9, 2010 2:04am Apr 9, 2010 2:04am
Quoting OldReigatian
Nice one.... thanks for the heads up.... Is that automatically updated or do you have to download the improved station from fxcm website?
it will download automatically when you connect on sunday so might take longer than normal...

This is for trade station II. I recieved a e-mail, you should've also I think?
@pawpaw1000 on Twitter
  • #215,036
  • Apr 9, 2010 2:04am Apr 9, 2010 2:04am
Quoting malcolmb14
Ton of buyers in the background on low of London and again on the little dip at start of US

I am thinking we get break out as if you look at 30 min it is way different form all other moves in the channel this week in the way it formed a wave 1 and 2


The power is coming from behind us and will be there on the breakout if the pros want higher prices


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I agree with the long bias, london close at 538?? It won't be an easy run up though and there is still every chance that the neck line does not get broken it is freaky friday after all.
  • #215,037
  • Apr 9, 2010 2:06am Apr 9, 2010 2:06am
Quoting BadTradingFi
Looks a good call so far, especially as 527 has shown a lot of strength in the past 12 hours (much to the dismay of us shorters from yesterday!).

Don't think about that short, mine got stopped out too. That was a trading call that made sense at the time. Today is another day and look for your next setup.
  • #215,038
  • Apr 9, 2010 2:06am Apr 9, 2010 2:06am
Quoting OldReigatian
Here cometh the breakout, get your altitude equipment dusted off
I reckon there are ALOT of sellers at that point and dunno if we gonna break 20...
@pawpaw1000 on Twitter
  • #215,039
  • Apr 9, 2010 2:09am Apr 9, 2010 2:09am
Quoting pawpaw1000
I reckon there are ALOT of sellers at that point and dunno if we gonna break 20...
There will be a lot of sellers at 53, it has been held down since 31 March. However there is a case to be made for a breakout to the North based on H4. This is the first London open where the 25ma on H4 has given us a bullish support.
  • #215,040
  • Apr 9, 2010 2:11am Apr 9, 2010 2:11am
Must admit, I'm feeling cynical today and thinking all these rises are more about inflating the price of oil than anything else!

That said, I also am tempted to put in a small short in about 15310, and add to it if things go up. That said, if we touch 15400, who knows how high it will fly!
Back to basics, it has to be for me!
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