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Cable Update (GBPUSD)

  • #216,821
  • Edited 10:00am Apr 13, 2010 9:47am | Edited 10:00am
@kill

DP means yesterday high+low+close/3 ... right?
so... my chart (Alpary UK, GMT+2 also!!!) looks DP is 1.5398
zulu's DP is 1.5242

think zulu works for you but ....confusing me because I cannot understand the logic behind ...

anyway buyers&sellers it's good to know

thanks kill

ps
... feel better day by day.
  • #216,822
  • Apr 13, 2010 9:49am Apr 13, 2010 9:49am
Quoting omiunu
i cant take credit for the analysis but i only took the trade based on info. thats i can tell u. sorry bro. but its gonna hit 1.5310 no matter what. before it heads up. i have buy order 1.5290
Can't dispute the results so far, however be nice to hear the logic behind it with a chart or two.

Or is it just the back room people playing with our toytown money?
Back to basics, it has to be for me!
  • #216,823
  • Apr 13, 2010 9:50am Apr 13, 2010 9:50am
Lets see if this trendline Holds or break, that was a scary up move for me. I got -60pip, thank I held my peace
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 18 KB
  • #216,824
  • Apr 13, 2010 9:51am Apr 13, 2010 9:51am
Quoting lexazver
Im still aiming for 1.5150 but as BB pointed out 1.5280 is another good area of support.

I'd take some profit now and then rebook a short if/when it goes higher.

Move your 1.5150 down to 1.51
  • #216,825
  • Apr 13, 2010 9:54am Apr 13, 2010 9:54am
watch london closing room
  • #216,826
  • Apr 13, 2010 9:58am Apr 13, 2010 9:58am
Quoting zoom
@kill

DP means yesterday high+low+close/3 ... right?
so... my chart (Alpary UK, GMT+2 also!!!) looks DP is 1.5398
zulu's DP is 1.5242

think zulu works for you but ....confusing me because I cannot understand the logic behind ...

anyway buyers&sellers it's good to know

thanks kill
try to put it on windsor demo
  • #216,827
  • Apr 13, 2010 9:59am Apr 13, 2010 9:59am
long 5364
  • #216,828
  • Apr 13, 2010 9:59am Apr 13, 2010 9:59am
manize


are u ok bro
  • #216,829
  • Apr 13, 2010 10:06am Apr 13, 2010 10:06am
1st S attempt at 5429 stopped, but 2nd at 5412 did well. TP'ed at the trend line. Flat now. The interesting thing to me was how little hesitation there was at the Daily PP. Lower high on the H1 today is bearish. Looking for a 15M lower high, around the PP, 50% fib, and 24 ma (5400) to take a short.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 20090413b.gif Size: 18 KB
The market is always right.
  • #216,830
  • Apr 13, 2010 10:07am Apr 13, 2010 10:07am
Quoting free4440273
long 5364
We are kinda hovering in no mans land, between support and resistance on a spike downward....

Not saying this isn't a good trade, but would have to agree with kill, watching the London close might offer a little more insight into where NY will take us.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #216,831
  • Apr 13, 2010 10:09am Apr 13, 2010 10:09am
Quoting Magix
We are kinda hovering in no mans land, between support and resistance on a spike downward....

Not saying this isn't a good trade, but would have to agree with kill, watching the London close might offer a little more insight into where NY will take us.
Oh i agree with u, but i'll risk it
  • #216,832
  • Apr 13, 2010 10:15am Apr 13, 2010 10:15am
Closed my short from earlier at 15359 thankfully, obviously it's gone down a bit more since then, but 15359 represented me covering my bad short and something else that had cost me a few days ago and still ended up +ve.

So, a very bad day really because I should have bagged lots of pips, however I didnt lose any so I'm still happy.

And now, back to basics and strategy thinking all over again!
Back to basics, it has to be for me!
  • #216,833
  • Apr 13, 2010 10:15am Apr 13, 2010 10:15am
Quoting free4440273
Oh i agree with u, but i'll risk it
For a gal, Ya sure seem to be packing some brass.....

I will never tell you what or how to trade, but will always try to be the voice of reason and caution.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #216,834
  • Apr 13, 2010 10:18am Apr 13, 2010 10:18am
got impatient closed at 1.5354. tripled my account today. no more trades for me until 1.5290. wish everyone luck
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #216,835
  • Apr 13, 2010 10:19am Apr 13, 2010 10:19am
Quoting BadTradingFi
Closed my short from earlier at 15359 thankfully, obviously it's gone down a bit more since then, but 15359 represented me covering my bad short and something else that had cost me a few days ago and still ended up +ve.

So, a very bad day really because I should have bagged lots of pips, however I didnt lose any so I'm still happy.

And now, back to basics and strategy thinking all over again!
Congrats.... Patience, Patience, Patience the three rules of FX Trading

and DON'T PANIC... You are always in control. You can claw back losses just by spreading the loss over a number of winning trades.
  • #216,836
  • Apr 13, 2010 10:20am Apr 13, 2010 10:20am
Quoting BadTradingFi
Closed my short from earlier at 15359 thankfully, obviously it's gone down a bit more since then, but 15359 represented me covering my bad short and something else that had cost me a few days ago and still ended up +ve.

So, a very bad day really because I should have bagged lots of pips, however I didnt lose any so I'm still happy.

And now, back to basics and strategy thinking all over again!
  • #216,837
  • Apr 13, 2010 10:20am Apr 13, 2010 10:20am
Quoting kill56
will dow oil down we did trade the news spike and cable is shy dixy holding near 80.50

if cable break above 15430 and we have a h1 open then we will go west other wise we will see new lows i might be wrong
Here we go
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 24 KB
  • #216,838
  • Apr 13, 2010 10:21am Apr 13, 2010 10:21am
Quoting omiunu
got impatient closed at 1.5354. tripled my account today. no more trades for me until 1.5290. wish everyone luck
Good 4 u.
  • #216,839
  • Apr 13, 2010 10:24am Apr 13, 2010 10:24am
rule no.14 on my list

its easy to recover 50pips but its not when u loss more than a 100pips unless u are long time trader with big azz acc.
  • #216,840
  • Apr 13, 2010 10:25am Apr 13, 2010 10:25am
Quoting omiunu
got impatient closed at 1.5354. tripled my account today. no more trades for me until 1.5290. wish everyone luck
300% today ? i'm wondering what kind of MM you got...i'm curious

But well done!
COT: The precious data ignored
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