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Cable Update (GBPUSD)

  • #215,061
  • Apr 9, 2010 2:48am Apr 9, 2010 2:48am
Bit late up out of my bear pit, this one with a sore head... stopped out like most.
Out with shorts because the sky is blue and work beckons..... otherwise left a long micro with TS at 1.53 for the climb north should it break out.... see you all later!!
  • #215,062
  • Apr 9, 2010 2:49am Apr 9, 2010 2:49am
Let's see it going to 1.7000....Uk recession was just a joke from Brown ! The deficit is just so fine ...
COT: The precious data ignored
  • #215,063
  • Apr 9, 2010 2:49am Apr 9, 2010 2:49am
Quoting USD-Bear
I know it's hard to change bias but eventually it will come.....

Do you read my earlier posts, or just comment on the last thing you see?
  • #215,064
  • Apr 9, 2010 2:49am Apr 9, 2010 2:49am
Quoting pawpaw1000
go to your 4h tf and look at 2010/02/16 at the 8h candle and the price before...

look skinda similar to the last wek right? they just pumping price before the great Fall??

EDIT: got short order at 5350 with s/l 54000 and t/p 5150...

got Captains run now!!! ....
hows your week been bro?. mines been awesome bro cleared over 250 pips
  • #215,065
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
Last nights post before the rates decision

http://www.forexfactory.com/showpost...stcount=214541

This monrning's post...

http://www.forexfactory.com/showpost...stcount=214966

BEER MONEY TM
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #215,066
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
Quoting malcolmb14

This should head to 1.5380 to 1.5420 before end of us session .
sl moved to break even 15277......
  • #215,067
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
Quoting USD-Bear
See one big difference then it was a bear-flag and a break , now it is a bull flag and a break.....
mmm... interesting. Maybe more of a pennant seeing as price created a kind of wedge?

I'm still heavily biased South...

Maybe its as a result of where I come from?
@pawpaw1000 on Twitter
  • #215,068
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
i see alot of people gonna get burned taking this thing down. remeber all wait for proper conformation. cable has a habbit of exceeding expectations!!!!
  • #215,069
  • Apr 9, 2010 2:53am Apr 9, 2010 2:53am
Quoting pawpaw1000
mmm... interesting. Maybe more of a pennant seeing as price created a kind of wedge?

I'm still heavily biased South...

Maybe its as a result of where I come from?
Same here i'm still south biais ... i can't imagine gbp recovery so fast it's just a joke from brown before election
COT: The precious data ignored
  • #215,070
  • Apr 9, 2010 2:54am Apr 9, 2010 2:54am
Quoting cableboy
hows your week been bro?. mines been awesome bro cleared over 250 pips
Mines been crappy! was up nicely after tuesday but am BE at the moment and the popping sound I just heard must be my short which has triggered! hoping 5380 holds, will add if it does!
@pawpaw1000 on Twitter
  • #215,071
  • Apr 9, 2010 2:55am Apr 9, 2010 2:55am
cut luz from short yesterday -145
going long @5327
now lets pray...
i'll do my best, and let the old lady decide where she wanna go
  • #215,072
  • Apr 9, 2010 2:56am Apr 9, 2010 2:56am
Quoting malcolmb14
Bad call this morning , missed up move due to having meeting , but managed to get out with a few pips on the sell

Here is what I have on 4 hour , daily closing at highs , daily US markets closing at highs ,

This looks like a bull flag , todays daily closed at high . very bullish and broke top of flag

I am looking for a move into 1.5380 before end of week ,

Attachment

trade mark voodoo boodoo club
Blogging daily now at www.volume.zone
  • #215,073
  • Apr 9, 2010 2:56am Apr 9, 2010 2:56am
Quoting cloggie
Do you read my earlier posts, or just comment on the last thing you see?
Yes I did, saw you at the edge of turning from bearish to bullish and that was the reason of my comments......
Don't be a hero. Don't have an ego. Always question yourself
  • #215,074
  • Apr 9, 2010 2:58am Apr 9, 2010 2:58am
Quoting cloggie
long at 529

Out at 536
  • #215,075
  • Apr 9, 2010 2:58am Apr 9, 2010 2:58am
Quoting pawpaw1000
Mines been crappy! was up nicely after tuesday but am BE at the moment and the popping sound I just heard must be my short which has triggered! hoping 5380 holds, will add if it does!
cable can be brutal i say test of 422. ive made alot of pips going up even though i was south biased i sort of was able to remain that little bit impartial to ride the trains north. good luck bro i see a hectic day !
  • #215,076
  • Apr 9, 2010 2:58am Apr 9, 2010 2:58am
With 1.5128 minor support intact, GBP/USD's rise from 1.4798 could still extend further. However, we'd continue to expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 to conclude the rise from 1.4798 as well as the three wave consolidation from 1.4783 and bring down trend resumption. Below 1.5128 minor support will flip intraday bias back to the downside for retesting 1.4783 low and break will target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.
@pawpaw1000 on Twitter
  • #215,077
  • Apr 9, 2010 3:09am Apr 9, 2010 3:09am
PawPaw.

You beat me to it. I have started booking shorts per my averaging strategy. First booked at 15361 will book next at 15411 if extends that far
  • #215,078
  • Apr 9, 2010 3:10am Apr 9, 2010 3:10am
Already closed my trades...

Hee hee.... +50pips....

Now waiting for another chance.

H1 Chart
http://i41.tinypic.com/149m4h2.jpg

H4 Chart
http://i40.tinypic.com/mbhmy0.jpg
Smile Chankl78
  • #215,079
  • Apr 9, 2010 3:13am Apr 9, 2010 3:13am
Quoting OldReigatian
PawPaw.

You beat me to it. I have started booking shorts per my averaging strategy. First booked at 15361 will book next at 15411 if extends that far

this end 1.5400 this week has completed 400 pip atr , next week is up week we see 1.5700
Blogging daily now at www.volume.zone
  • #215,080
  • Apr 9, 2010 3:15am Apr 9, 2010 3:15am
Quoting chankl78
Already closed my trades...

Hee hee.... +50pips....

Now waiting for another chance.

H1 Chart
http://i41.tinypic.com/149m4h2.jpg

H4 Chart
http://i40.tinypic.com/mbhmy0.jpg
i love seeing success it inspires us all
me too booked pips from 268, (the 23.6 retracement from yesterdays upward leg) all the way up to 350. waiting as well, infact i just started building short from 72 as i write
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