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Cable Update (GBPUSD)

  • #215,221
  • Edited 7:44am Apr 9, 2010 7:12am | Edited 7:44am
BAD Friday...
BAD for this Weekend Market's...

Until MARKET Close today, do not Expect more from moving GU.
No NEWS Support it's. Only around 45 Pips UP & DOWN.
This Good Time for SCALP.

This Time CRITICAL Price for GU.
Maybe NEXT Monday, GU will DOWN

Hopely I'm NOT Wrong...
Good Luck for ALL
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Always looking the GREAT, never left GOOD Point...
  • #215,222
  • Apr 9, 2010 7:12am Apr 9, 2010 7:12am
!
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I feel that MACD + Fib are always greatLong is fixed for this time, maybe next impulse can be 1.5420 but I'll not risk.
Trend is your enemy, moneymanagement - your friend
  • #215,223
  • Apr 9, 2010 7:13am Apr 9, 2010 7:13am
Quoting cloggie
Stopped at BE+ eg staying above 87 for now. We may have reached the London session high.
Nearly touched my BE SL!

EDIT: It has now!
  • #215,224
  • Apr 9, 2010 7:14am Apr 9, 2010 7:14am
Quoting bbakker
Nearly touched my BE SL!
Cross not looking good, new support formed at 871. If I were a scalper I may think about scalping some shorts here on Cable. Just keep an eye on 534. A close below 53463 may see a fruther bearish retrace.
  • #215,225
  • Apr 9, 2010 7:14am Apr 9, 2010 7:14am
Quoting BadTradingFi
Just shorting or going long too? I've done a couple of 10 pips from 5375 ish down but not up, yet
Personally I would hold trades right now, could go either way, as previous poster said the cross with Eur/Gbp is hovering round .8710 like a bad smell. If .87 goes then GU will go up as EG goes down.

My preferred option is to wait until near London close. See what direction is and then follow that direction from London close to US close.

Last hour of US always gives and opportunity for a scalp also as there is often a retrace before heading down to where it wants to end.

For what it's worth anyway.


EDIT: Just looking at screen, US likes to make 200 pips in a session. 50 pips up from now takes us just shy of 1.54, 150 pips down takes us to 1.5250 hmmmmmmmmmmm
  • #215,226
  • Apr 9, 2010 7:18am Apr 9, 2010 7:18am
Quoting cloggie
Stopped at BE+ eg staying above 87 for now. We may have reached the London session high. 5341 is the one to watch.

What time is the first tee off?
First groups have already gone out! (12:50)

Live coverage will be online soon again!
  • #215,227
  • Apr 9, 2010 7:19am Apr 9, 2010 7:19am
Quoting bbakker
First groups have already gone out! (12:50)

Live coverage will be online soon again!

I realised it is on the red button too on BBC1, at least it was yesterday. Tiger at 1530 UK time.
  • #215,228
  • Apr 9, 2010 7:20am Apr 9, 2010 7:20am
Hello guys
Hope everyone doing OK with this not easy days
If no plan =
  • #215,229
  • Apr 9, 2010 7:25am Apr 9, 2010 7:25am
Quoting cloggie
Cross not looking good, new support formed at 871. If I were a scalper I may think about scalping some shorts here on Cable. Just keep an eye on 534. A close below 53463 may see a fruther bearish retrace.

Short 535, this may develop into something more than just a scalp, M15 dropping below 25ma, still need that close below 53463 to validate the short.
  • #215,230
  • Apr 9, 2010 7:26am Apr 9, 2010 7:26am
Quoting OldReigatian
Personally I would hold trades right now, could go either way, as previous poster said the cross with Eur/Gbp is hovering round .8710 like a bad smell. If .87 goes then GU will go up as EG goes down.

My preferred option is to wait until near London close. See what direction is and then follow that direction from London close to US close.

Last hour of US always gives and opportunity for a scalp also as there is often a retrace before heading down to where it wants to end.

For what it's worth anyway.


EDIT: Just looking at screen, US likes...
I only had a small value trades on at 15375 just to test the waters. Was tempted by a bigger one, but left it, and as usual, would have played out
Back to basics, it has to be for me!
  • #215,231
  • Apr 9, 2010 7:29am Apr 9, 2010 7:29am
Pretty much at 50% retrace. Interesting to see which way this turns. Hopefully up as I've closed off my shorts and left myself with a net long up to 15410
  • #215,232
  • Apr 9, 2010 7:30am Apr 9, 2010 7:30am
LOL so im not the only one selling here .... okay

looking from the daily chart it's very possible for the price to go down ..... and i think she wont penetrate the resistance that she created today ...she will go down ..maybe not today but must be next week if my observation is correct.



Quoting flo7002
Hang in there man, especially if you have enough margin. What goes up, must come down. I'm in the same boat...
  • #215,233
  • Apr 9, 2010 7:30am Apr 9, 2010 7:30am
Quoting cloggie
Short 535, this may develop into something more than just a scalp, M15 dropping below 25ma, still need that close below 53463 to validate the short.
Or is it a trap?! I've put a short on at 530 just to be safe though

EDIT: The noisy charts I like to look at in times like this show it flattening and coming back up

EDIT2: Ignore that, it was a little uptrace, stupid noisy charts
Back to basics, it has to be for me!
  • #215,234
  • Apr 9, 2010 7:31am Apr 9, 2010 7:31am
Quoting OldReigatian
Pretty much at 50% retrace. Interesting to see which way this turns. Hopefully up as I've closed off my shorts and left myself with a net long up to 15410

We won't see 410 today, that's 80 pips away, not likely after a 120 pip run on a friday so far. WE may see 200 on NFP, not on a light day like today.
  • #215,235
  • Apr 9, 2010 7:36am Apr 9, 2010 7:36am
Quoting egkid
Hello guys
Hope everyone doing OK with this not easy days
If no plan =
Agreed with you

Bro, in your Post #214800
Would you like to Share DOT Indi ??

Thx before...
Always looking the GREAT, never left GOOD Point...
  • #215,236
  • Apr 9, 2010 7:38am Apr 9, 2010 7:38am
A very interesting read On the next looming crises to watch, including Oil, water and demographics.
  • #215,237
  • Apr 9, 2010 7:40am Apr 9, 2010 7:40am
Quoting Ctic
5380 first stop imho, but what do I know..
I guess I do know a little something....
  • #215,238
  • Apr 9, 2010 7:43am Apr 9, 2010 7:43am
hey hey all!!!

Hows the party holding up???

Both my shorts were triggered with top one at 90!!! haha! 1 pip!

anyhow...

I need a close below 5320 to confirm down otherwise I might look to scale out...
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@pawpaw1000 on Twitter
  • #215,239
  • Apr 9, 2010 7:46am Apr 9, 2010 7:46am
Quoting pawpaw1000
hey hey all!!!

Hows the party holding up???

Both my shorts were triggered with top one at 90!!! haha! 1 pip!

anyhow...

I need a close below 5320 to confirm down otherwise I might look to scale out...
nice and sexy chart
  • #215,240
  • Apr 9, 2010 7:48am Apr 9, 2010 7:48am
Quoting pawpaw1000
hey hey all!!!

Hows the party holding up???

Both my shorts were triggered with top one at 90!!! haha! 1 pip!

anyhow...

I need a close below 5320 to confirm down otherwise I might look to scale out...

What? that ma cross on your chart not good enough to confirm bearish retrace?
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