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Cable Update (GBPUSD)

  • #216,141
  • Apr 12, 2010 7:51am Apr 12, 2010 7:51am
Quoting cloggie
3565 held on fibre M30, we are already down 126 pips, the law of averages says that there is not much room left on this retrace, gap may stay open here. Trichet changed his tune and now says bail out package is good for Greece.
You never know what might happen on a no news day + such a gap which want to get filled

Still risky to go long in my opinion .... but good luck with your long
COT: The precious data ignored
  • #216,142
  • Apr 12, 2010 7:52am Apr 12, 2010 7:52am
dont rush relax easy cash in wait and hit
  • #216,143
  • Apr 12, 2010 7:52am Apr 12, 2010 7:52am
long at 5370 for a quick scalp.
  • #216,144
  • Apr 12, 2010 7:52am Apr 12, 2010 7:52am
Quoting bbakker
He's trying to catch falling knives

Cloggie will have his excellent reasoning for it. We bounced of the 50% fib like a dream, so this could be a turnaround!
5380 is the key here, I expect some messy PA around this level before she makes up her mind. Am on the sidelines, biased towards the long side. Fibre bounced of 3565 and have gone long.
  • #216,145
  • Apr 12, 2010 7:53am Apr 12, 2010 7:53am
.
Attached Image
  • #216,146
  • Apr 12, 2010 7:53am Apr 12, 2010 7:53am
Quoting Bull_Bear
Bakker, keep an eye on these junture points... 1.5380 & 1.5320
Looking good for 1.5320, but we are not out of the 80 woods yet
  • #216,147
  • Apr 12, 2010 7:54am Apr 12, 2010 7:54am
Quoting pawpaw1000
closed my short and waiting on close above 30 ma to go long...

see we making higher swings...

What was your reason?

BTW, short on cable below 80 As i said earlier...

looking at 5310 - 5330 levels...
jip, closed my fibre... got a couple of pips, maybe 15... still up 2.5% for the day
@pawpaw1000 on Twitter
  • #216,148
  • Apr 12, 2010 7:57am Apr 12, 2010 7:57am
Quoting The Magician
long at 5370 for a quick scalp.
out at 5380 for a quick 8 pips after spread. 5380 moment of trooowf
  • #216,149
  • Apr 12, 2010 7:57am Apr 12, 2010 7:57am
SL move to break even. TP still 1.5350, DPP & 38.2 fib of move from 8th.
The market is always right.
  • #216,150
  • Apr 12, 2010 8:01am Apr 12, 2010 8:01am
Long 1.5384
Nil Desperandum Illegitimi Carborundum
  • #216,151
  • Apr 12, 2010 8:02am Apr 12, 2010 8:02am
Oh NO!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 75 KB
@pawpaw1000 on Twitter
  • #216,152
  • Apr 12, 2010 8:02am Apr 12, 2010 8:02am
The previous swing hi shown on the 4hr below is co-existant as same on Daily t/f
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 52 KB
ex member
  • #216,153
  • Apr 12, 2010 8:02am Apr 12, 2010 8:02am
Quoting forexlion
i would sell into 5382 if i were u, there is a korrecktion duu
cccc me yald juu a korecktion wos duu
  • #216,154
  • Apr 12, 2010 8:02am Apr 12, 2010 8:02am
Quoting Bull_Bear
I don't have a trade on fibre now PP as i already closed, however the 38.1% retrace is what i like.
What do you mean by the 38.1% retrace. Thanks BB.
  • #216,155
  • Apr 12, 2010 8:03am Apr 12, 2010 8:03am
Quoting bbakker
Looking good for 1.5320, but we are not out of the 80 woods yet
hello sir...
going long or short on cable?...
i long at 5365...
it bad idea or not...
Revesal Trader
  • #216,156
  • Apr 12, 2010 8:06am Apr 12, 2010 8:06am
I got my 60pips from the short just now.

Still waiting for another chance.
Smile Chankl78
  • #216,157
  • Apr 12, 2010 8:07am Apr 12, 2010 8:07am
let's go long!!!
  • #216,158
  • Apr 12, 2010 8:10am Apr 12, 2010 8:10am
Quoting bbakker
What do you mean by the 38.1% retrace. Thanks BB.
We were talking bout fibre:...

OOPS, sorry, wrong chart, basically looks the same ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 75 KB
@pawpaw1000 on Twitter
  • #216,159
  • Apr 12, 2010 8:11am Apr 12, 2010 8:11am
Quoting bbakker
What do you mean by the 38.1% retrace. Thanks BB.
Sorry, 38.2. The fib pull back from the run up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 20090412c.gif Size: 28 KB
The market is always right.
  • #216,160
  • Apr 12, 2010 8:12am Apr 12, 2010 8:12am
Quoting pawpaw1000
We were talking bout fibre:...
The bounce of it! Yes I noticed that on fibre! Could be a turning point!
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