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Cable Update (GBPUSD)

  • #216,381
  • Apr 12, 2010 6:25pm Apr 12, 2010 6:25pm
Quoting wormboy
so where's your chart?
Only interested in discussion, not dick swinging
  • #216,382
  • Apr 12, 2010 6:27pm Apr 12, 2010 6:27pm
Quoting wormboy
yes, if the current d1 candle closes below 5380 cleanly, then there is a strong possibility of a bearish day tomorrow. However, the candle is not completed yet, so no one can confirm that. You would want to also take into consideration that current candle is also above major supp/res level, which is also the double bottom neckline. This indicates that the pattern is now valid & looking very bullish. And since you mentioned D1, I take it you are not shooting for 30-40 pips a pop, so I think it's fair to say buy the dips till the D1 or at least the...
What time is close then? Midnight GMT in 30 mins? I thought it was at 10pm GMT when they totalled the transactions. Cheers.
  • #216,383
  • Apr 12, 2010 6:30pm Apr 12, 2010 6:30pm
Quoting bbakker
What time is close then? Midnight GMT in 30 mins? I thought it was at 10pm GMT when they totalled the transactions. Cheers.
hi brian

mine closes in about 30 minutes. how's your trading coming?
Thank You
  • #216,384
  • Apr 12, 2010 6:32pm Apr 12, 2010 6:32pm
Quoting bbakker
What time is close then? Midnight GMT in 30 mins? I thought it was at 10pm GMT when they totalled the transactions. Cheers.
on my charts the day closes at 5pm i have different charts they all do the same but IBF i don't know when it closes but all the others closed below 1.5380
  • #216,385
  • Apr 12, 2010 6:37pm Apr 12, 2010 6:37pm
Quoting pacha group
on my charts the day closes at 5pm i have different charts they all do the same but IBF i don't know when it closes but all the others closed below 1.5380
I doubt it. It's just pierced the supp/res level. Just like any horizontal or diagonal supp/res level, piercings don't validate the position/bias. Rule of thumb is to close cleanly above/below supp/res. In this case, the D1, it's still bullish till eod price is clearly below 5380. So as far as the D1 is concerned, you're not likely to get a bearish confirmation for at least another 2 days.
Just a thought.
Thank You
  • #216,386
  • Apr 12, 2010 6:37pm Apr 12, 2010 6:37pm
ist friday night the market is not moving at all what the dick is going on
  • #216,387
  • Apr 12, 2010 6:42pm Apr 12, 2010 6:42pm
no break no shack
Attached Image (click to enlarge)
Click to Enlarge Name: daily cable.gif Size: 21 KB
  • #216,388
  • Apr 12, 2010 6:52pm Apr 12, 2010 6:52pm
Quoting kill56
no break no shack
hi kill

what does that mean?
Thank You
  • #216,389
  • Apr 12, 2010 6:52pm Apr 12, 2010 6:52pm
Quoting wormboy
hi brian

mine closes in about 30 minutes. how's your trading coming?
Swimmingly and still soaking up tons of information. Still making some schoolboy errors but that comes with the learning, hence the micro trading at this stage of affairs. I am still trying to find my trading plan and strategies but that will come in good time. Experimenting is the name of the game at the moment, but I hope that by the summer after 6 months I will have my plan written down and then stick to it for another 6 months to see if it is successful before I step up and start for real
  • #216,390
  • Apr 12, 2010 6:52pm Apr 12, 2010 6:52pm
Quoting kill56
no break no shack

so are you on position now or are closed.. wait & see..?!
  • #216,391
  • Apr 12, 2010 6:56pm Apr 12, 2010 6:56pm
Quoting bbakker
Swimmingly and still soaking up tons of information. Still making some schoolboy errors but that comes with the learning, hence the micro trading at this stage of affairs. I am still trying to find my trading plan and strategies but that will come in good time. Experimenting is the name of the game at the moment, but I hope that by the summer after 6 months I will have my plan written down and then stick to it for another 6 months to see if it is successful before I step up and start for real
Sounds like a good plan!
Thank You
  • #216,392
  • Apr 12, 2010 6:58pm Apr 12, 2010 6:58pm
okay later. crunch time.
Good luck everyone.
Thank You
  • #216,393
  • Apr 12, 2010 7:00pm Apr 12, 2010 7:00pm
Quoting wormboy
hi kill

what does that mean?
hey wormy

we are stuck here a break with h1 open below 15350 will take us to 15300 other wise we are going back to 15430 and above it we will see 15600
  • #216,394
  • Apr 12, 2010 7:01pm Apr 12, 2010 7:01pm
Quoting Crazy-Man
so are you on position now or are closed.. wait & see..?!
still holding
  • #216,395
  • Apr 12, 2010 7:05pm Apr 12, 2010 7:05pm
Quoting wormboy
okay later. crunch time.
Good luck everyone.
I am orf to bed too. See you in 5 hours time!
  • #216,396
  • Apr 12, 2010 7:09pm Apr 12, 2010 7:09pm
Quoting bbakker
I am orf to bed too. See you in 5 hours time!
man its 3am here still early where u going
  • #216,397
  • Apr 12, 2010 7:11pm Apr 12, 2010 7:11pm
my view on cable is as follows
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Apr. 13 01.06.gif Size: 73 KB
  • #216,398
  • Apr 12, 2010 7:16pm Apr 12, 2010 7:16pm
yes i love the queeeeeeeeeeen
  • #216,399
  • Apr 12, 2010 7:18pm Apr 12, 2010 7:18pm
Quoting lexazver
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)
we may still come down to 1.5150
here is chart i posted earlier
Attached Image
  • #216,400
  • Apr 12, 2010 7:19pm Apr 12, 2010 7:19pm
MAN I WAS RIGHT!!!! Daily closed below 1.5380
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