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Cable Update (GBPUSD)

  • #216,421
  • Apr 12, 2010 10:23pm Apr 12, 2010 10:23pm
Quoting Allseeingeye
Down to China Town
  • #216,422
  • Apr 12, 2010 10:23pm Apr 12, 2010 10:23pm
Quoting Qaseh Fara
Hy all..im a new baby in this trader..my problem is now i'hv long at 15420
last night..so what can i do now? wnt to settle with stop lost or just holding? but today market looks like down..
Please some advise..thanks..
If you have proper MM, I think u will be fine... Same with EU, I expect it will move higher.. just my 2 cents.
  • #216,423
  • Apr 12, 2010 10:52pm Apr 12, 2010 10:52pm
Just got out of my shorts i'll wait for later now.. goodnight
  • #216,424
  • Apr 12, 2010 11:09pm Apr 12, 2010 11:09pm
Quoting Qaseh Fara
Hy all..im a new baby in this trader..my problem is now i'hv long at 15420
last night..so what can i do now? wnt to settle with stop lost or just holding? but today market looks like down..
Please some advise..thanks..
I view GBPUSD strength from 14780 as corrective rather than the beginning of a new advance. Near term, one more high (above 15490) would possibly complete the rally. 15580 is potential resistance. May be next week or so....
Hold your position if your balance permits....
  • #216,425
  • Apr 12, 2010 11:14pm Apr 12, 2010 11:14pm
double bottom on the hourlies? that could make things interesting ...
  • #216,426
  • Apr 12, 2010 11:26pm Apr 12, 2010 11:26pm
Quoting aeb
double bottom on the hourlies? that could make things interesting ...
Double bottom on the hourlies? I can't see that. Got a pic?
  • #216,427
  • Apr 12, 2010 11:42pm Apr 12, 2010 11:42pm
i dont think the bulls are gonna let it slip that easily. be cautious with your shorts
  • #216,428
  • Apr 12, 2010 11:44pm Apr 12, 2010 11:44pm
here at 3375, either side of the quasi-pinbar
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  • #216,429
  • Apr 12, 2010 11:45pm Apr 12, 2010 11:45pm
Quoting Honored
I view GBPUSD strength from 14780 as corrective rather than the beginning of a new advance. Near term, one more high (above 15490) would possibly complete the rally. 15580 is potential resistance. May be next week or so....
Hold your position if your balance permits....
if you look at the recent move down we only had 4 waves so this retrace was a corrective move we allready got our new high yesterday & now we just completed wave 1 of the 5th wave down which should take us to 1.4700 area then we can start looking for longs. Your theory gets validated if we can close above 1.5454 which i doubt but i am keeping an alarm for that price break in case im wrong because if i am wrong its a long way to 158 lol
  • #216,430
  • Apr 12, 2010 11:56pm Apr 12, 2010 11:56pm
Quoting cableboy
i dont think the bulls are gonna let it slip that easily. be cautious with your shorts
I think they've already let it slip.
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #216,431
  • Apr 12, 2010 11:59pm Apr 12, 2010 11:59pm
Quoting AMuharram
I think they've already let it slip.
so do i. just weary of a spike or slight move up of some sort before she crashes. mainly for those with tight stops looking to enter before the breakout
  • #216,432
  • Apr 13, 2010 12:08am Apr 13, 2010 12:08am
Quoting cableboy
so do i. just weary of a spike or slight move up of some sort before she crashes. mainly for those with tight stops looking to enter before the breakout

Yeah, i'm also worried about the trade balance thing.
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #216,433
  • Apr 13, 2010 12:45am Apr 13, 2010 12:45am
Quoting Allseeingeye
what did i tell you 1.5365 is not place to short just like 1.5435 is not the right place to long,
I took those off the table donkey years ago. Keep up boy!
  • #216,434
  • Apr 13, 2010 12:48am Apr 13, 2010 12:48am
Quoting Allseeingeye
if you look at the recent move down we only had 4 waves so this retrace was a corrective move we allready got our new high yesterday & now we just completed wave 1 of the 5th wave down which should take us to 1.4700 area then we can start looking for longs. Your theory gets validated if we can close above 1.5454 which i doubt but i am keeping an alarm for that price break in case im wrong because if i am wrong its a long way to 158 lol
Maybe you should read my analysis from last night here http://www.forexfactory.com/showthre...71#post3631771
  • #216,435
  • Apr 13, 2010 12:50am Apr 13, 2010 12:50am
Good morning everyone. I see thw 'W' recovery on my m15. We are going up to the moon
  • #216,436
  • Apr 13, 2010 12:55am Apr 13, 2010 12:55am
GU and EU bounced off the 50% fib beautifully. This could be the turning point or we are heading south!
  • #216,437
  • Apr 13, 2010 1:03am Apr 13, 2010 1:03am
I'm talking to myself again I'm going to get a cuppa coffee as I only grabbed 5 hours last night. All that studying hey!
  • #216,438
  • Apr 13, 2010 1:05am Apr 13, 2010 1:05am
Quoting Allseeingeye
if you look at the recent move down we only had 4 waves so this retrace was a corrective move we allready got our new high yesterday & now we just completed wave 1 of the 5th wave down which should take us to 1.4700 area then we can start looking for longs. Your theory gets validated if we can close above 1.5454 which i doubt but i am keeping an alarm for that price break in case im wrong because if i am wrong its a long way to 158 lol
It is too early to go down right to 1.4700. USD not so strong right now and we still have over 3 weeks for UK elections. Until then its consolidation time/moving higher. EU targeting 1.38xx-1.40xx range, and GU something similar ???
  • #216,439
  • Apr 13, 2010 1:08am Apr 13, 2010 1:08am
Quoting Honored
It is too early to go down right to 1.4700. USD not so strong right now and we still have over 3 weeks for UK elections. Until then its consolidation time/moving higher. EU targeting 1.38xx-1.40xx range, and GU something similar ???
short at 70 > s/l 85 > t/p 35...
@pawpaw1000 on Twitter
  • #216,440
  • Apr 13, 2010 1:08am Apr 13, 2010 1:08am
Had a few attempts to go below 1.53350 this is going up... long to 15420 got to get past 1.5375 first...................
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