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Cable Update (GBPUSD)

  • #216,241
  • Apr 12, 2010 10:25am Apr 12, 2010 10:25am
Anyone else bearish (targetting well below the 1.50's, to 1.47's perhaps) if it closes below 1.5380 by the end of the NY session?
  • #216,242
  • Apr 12, 2010 10:25am Apr 12, 2010 10:25am
Quoting bbakker
Sell Order @ 15365
Buy Order @ 15435

oi, muppet extroadanaire!

hows your trading going today brother? Liking trading fibre at the same time as it gives me alot better view!!!

this things gotta tank, although today has been so slooooooow!
@pawpaw1000 on Twitter
  • #216,243
  • Apr 12, 2010 10:26am Apr 12, 2010 10:26am
Quoting bbakker
Sell Order @ 15365
Buy Order @ 15435

Typo: 75!
  • #216,244
  • Apr 12, 2010 10:27am Apr 12, 2010 10:27am
Quoting pawpaw1000
oi, muppet extroadanaire!

hows your trading going today brother? Liking trading fibre at the same time as it gives me alot better view!!!

this things gotta tank, although today has been so slooooooow!
Been good so far. Have been neutral since 2, but I am more short biased now. It is hammering on 15380.
  • #216,245
  • Apr 12, 2010 10:29am Apr 12, 2010 10:29am
the dow is not moving dixy holding around 80.50
  • #216,246
  • Apr 12, 2010 10:29am Apr 12, 2010 10:29am
Quoting bbakker
Been good so far. Have been neutral since 2, but I am more short biased now. It is hammering on 15380.
its hammering and I hoped the close of london would give us a nudge but not yet...

Here's to hoping, Its broken my triangle and I've got a downward channel so, COMEON 153000!!!
@pawpaw1000 on Twitter
  • #216,247
  • Apr 12, 2010 10:31am Apr 12, 2010 10:31am
Quoting pawpaw1000
its hammering and I hoped the close of london would give us a nudge but not yet...

Here's to hoping, Its broken my triangle and I've got a downward channel so, COMEON 153000!!!
I am in now. Let's hope she doesn't spring back up!
  • #216,248
  • Apr 12, 2010 10:32am Apr 12, 2010 10:32am
Quoting bbakker
Sell Order @ 15365
Buy Order @ 15435

i would reconsider because your fresh low could complete a 5 wave formation to complete wave 1 so we will be retracing up & your 1.5435 could end up being a 20 pip scalp to complete wave 2 before tanking for wave 3 so be very careful once you enter. Good Luck & may the Forex Crack Gods be with you!
  • #216,249
  • Apr 12, 2010 10:33am Apr 12, 2010 10:33am
Quoting bbakker
I am in now. Let's hope she doesn't spring back up!
SL @15435
  • #216,250
  • Apr 12, 2010 10:34am Apr 12, 2010 10:34am
Quoting Allseeingeye
i would reconsider because your fresh low could complete a 5 wave formation to complete wave 1 so we will be retracing up & your 1.5435 could end up being a 20 pip scalp to complete wave 2 before tanking for wave 3 so be very careful once you enter. Good Luck & may the Forex Crack Gods be with you!
Arghhh! Too late
  • #216,251
  • Apr 12, 2010 10:34am Apr 12, 2010 10:34am
The worse thing to do is to enter a trade just before sleep...

Now have to wait for it to set a good breakeven value so that I can sleep peacefully. & it is moving so slowly now.... sigh....

Still shorting.
Smile Chankl78
  • #216,252
  • Apr 12, 2010 10:36am Apr 12, 2010 10:36am
Quoting bbakker
SL @15435
that gives you a 1.6 or so rr? I've got the same problem... Wanting at least 3 or so but dont wanna put stops too close... Got stop at 5425 as this gives me a 2 RR...

mmm...

heres hoping for south. If it stops me, I'm BE for the day, if not, will have a very nice GREEN day...
@pawpaw1000 on Twitter
  • #216,253
  • Apr 12, 2010 10:36am Apr 12, 2010 10:36am
Rather go long if it gets there (1.53 ish -touching 200 hr ema blah blah blah) as shorting now is against the trend and someone said that's risky

It could well do it but I prefer to be unadaventurous at the mo
  • #216,254
  • Apr 12, 2010 10:37am Apr 12, 2010 10:37am
Quoting bbakker
SL @15435
secondary high at 1.5462 as important resistance I would move my stop above that its not much more & it could keep you in for the move down.
  • #216,255
  • Apr 12, 2010 10:39am Apr 12, 2010 10:39am
Quoting Allseeingeye
secondary high at 1.5462 as important resistance I would move my stop above that its not much more & it could keep you in for the move down.
rather get stopped for 25 pips and then get back in at top at better price...

Thanks cloggs
@pawpaw1000 on Twitter
  • #216,256
  • Apr 12, 2010 10:41am Apr 12, 2010 10:41am
Quoting Allseeingeye
i would reconsider because your fresh low could complete a 5 wave formation to complete wave 1 so we will be retracing up & your 1.5435 could end up being a 20 pip scalp to complete wave 2 before tanking for wave 3 so be very careful once you enter. Good Luck & may the Forex Crack Gods be with you!
I'll stick to my original plan! If she does retrace back to 15435 I will add another short there. I'll move my SL to 40 to be on the safe side.
  • #216,257
  • Apr 12, 2010 10:43am Apr 12, 2010 10:43am
roooooooooom ya rooom the b;;;;;;;;;;;;;;;;;;h needs love red carpet at 15350 and 15300 give her some love and the red shooooooooott
  • #216,258
  • Apr 12, 2010 10:44am Apr 12, 2010 10:44am
Quoting Allseeingeye
secondary high at 1.5462 as important resistance I would move my stop above that its not much more & it could keep you in for the move down.
65 will be a long for me. I am still sticking to my plan.
  • #216,259
  • Apr 12, 2010 10:49am Apr 12, 2010 10:49am
IF we go below 1.53 then i expect price to retrace further to 1.5150
pound does look bearish more and more especially with this 38.2% fib bounce (dotted line)
Attached Image (click to enlarge)
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  • #216,260
  • Apr 12, 2010 10:49am Apr 12, 2010 10:49am
I'm gonna be so hacked off if it bounces at 65 again...

CRACKFOREX IS THE WORD!!!
@pawpaw1000 on Twitter
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