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Cable Update (GBPUSD)

  • #217,061
  • Apr 14, 2010 12:58am Apr 14, 2010 12:58am
Quoting bbakker
Maybe 50 and then back down again!
  • #217,062
  • Apr 14, 2010 1:01am Apr 14, 2010 1:01am
Quoting free4440273
Need a solid close on the hourly above the trendline to confirm a break I would say!
  • #217,063
  • Apr 14, 2010 1:01am Apr 14, 2010 1:01am
Cable is in an uptrend on the daily although it is not a reversal , we have just had a retracement ,so a break above 1.54479 should take us back into the uptrend towards 1.55746.


nicholas
  • #217,064
  • Apr 14, 2010 1:05am Apr 14, 2010 1:05am
Sold all longs and gone short!
  • #217,065
  • Apr 14, 2010 1:06am Apr 14, 2010 1:06am
Flying ...!?






Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD - H4.gif Size: 23 KB
  • #217,066
  • Apr 14, 2010 1:09am Apr 14, 2010 1:09am
Quoting bbakker
Sold all longs and gone short!
Target is 380!
  • #217,067
  • Apr 14, 2010 1:09am Apr 14, 2010 1:09am
Quoting bbakker
Sold all longs and gone short!
why would you do that? h1 has not confirm weakness ... & london is still about an hour away from open
Thank You
  • #217,068
  • Apr 14, 2010 1:12am Apr 14, 2010 1:12am
Quoting wormboy
why would you do that? h1 has not confirm weakness ... & london is still about an hour away from open


I would say it depends on your perspective ie timeframe/s you trade from , it might help if you guys give the timeframe for your trade.

Personally i stick to d1/4h/60 or 4h/60/15 so even if we are in a retracement on the 60 minute i will not trade it even if its showing a good trend withing the retracement.

nicholas
  • #217,069
  • Apr 14, 2010 1:13am Apr 14, 2010 1:13am
Quoting bbakker
Target is 380!
Same here, though I'm waiting for 15430 to be re-tested before I go short.
  • #217,070
  • Apr 14, 2010 1:14am Apr 14, 2010 1:14am
Quoting wormboy
why would you do that? h1 has not confirm weakness ... & london is still about an hour away from open
I had a long from 95 lol. I just wanted to make a profit on this long. Guess a bit nervous and my knee-jerk reactions coming in again!
  • #217,071
  • Apr 14, 2010 1:14am Apr 14, 2010 1:14am
Quoting bbakker
Target is 380!

Good Point 4 loading Long !


  • #217,072
  • Apr 14, 2010 1:15am Apr 14, 2010 1:15am
Quoting Cotton-I-Jo
Good Point 4 loading Long !


If we get there!
  • #217,073
  • Apr 14, 2010 1:18am Apr 14, 2010 1:18am
Quoting bbakker
I had a long from 95 lol. I just wanted to make a profit on this long. Guess a bit nervous and my knee-jerk reactions coming in again!
It was a dumb open position from yesterday morning, but I stuck in there! I am hoping we go down once more to 380 and then buy again!
  • #217,074
  • Apr 14, 2010 1:18am Apr 14, 2010 1:18am
Quoting cloggie
Long 5370 exactly like last night... TP 54245 SL 53480
Morning all, TP hit, on to the next one.
  • #217,075
  • Apr 14, 2010 1:19am Apr 14, 2010 1:19am
hello all , it's a time to going short from 5425 with 5334 as target

good luck to all
High risk High return!
  • #217,076
  • Apr 14, 2010 1:19am Apr 14, 2010 1:19am
Quoting bbakker
If we get there!
dunno if we will go much below 5400... seems the new bottom on m15...
@pawpaw1000 on Twitter
  • #217,077
  • Apr 14, 2010 1:21am Apr 14, 2010 1:21am
My Plan is to either long at 1.5405 or 1.5413.

If not, hee hee.. anytime now... depending on signal....

M15 Chart.
http://i41.tinypic.com/f59m41.jpg

H1 Chart
http://i40.tinypic.com/11bow1e.jpg

H4 Chart
http://i42.tinypic.com/14xcdit.jpg

D1 Chart.
http://i41.tinypic.com/2qxuvs0.jpg
Smile Chankl78
  • #217,078
  • Apr 14, 2010 1:23am Apr 14, 2010 1:23am
Quoting bbakker
I had a long from 95 lol. I just wanted to make a profit on this long. Guess a bit nervous and my knee-jerk reactions coming in again!
okay. can't afford to keep bending the rules my friend

Quoting bbakker
Need a solid close on the hourly above the trendline to confirm a break I would say!
See the irregularities? You'd wait for a confirm break on the hourly to go long, but you wouldn't wait an hour to see if price could close below today's R1 level @5411 to go short. We're talking about positioning here, if you're scalping the ltf ie the m5, the m1 or lower, then whatever happens on the htf ie the h1 should be of no concern.
Just a thought.
Thank You
  • #217,079
  • Apr 14, 2010 1:29am Apr 14, 2010 1:29am
Quoting wormboy
okay. can't afford to keep bending the rules my friend



See the irregularities? You'd wait for a confirm break on the hourly to go long, but you wouldn't wait an hour to see if price could close below today's R1 level @5411 to go short. We're talking about positioning here, if you're scalping the ltf ie the m5, the m1 or lower, then whatever happens on the htf ie the h1 should be of no concern.
Just a thought.
All very true! I am getting my trading stratgies mixed up and this is why I need to get a trading plan on paper and stick to my rules. I am mixing long-term with short-term strategies which is not good hence the irregularities!
  • #217,080
  • Apr 14, 2010 1:32am Apr 14, 2010 1:32am
Quoting simao
hello all , it's a time to going short from 5425 with 5334 as target

good luck to all

R U Sure...!?


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