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Cable Update (GBPUSD)

  • #217,081
  • Apr 14, 2010 1:33am Apr 14, 2010 1:33am
Is it wrong for me to say I have no Idea whats gonna happen next?

Everyone is always posting where they see price in 93 and a half minutes but I have nothing at this point... If we go up and close above trendline then I maybe see 5480 - 5500. If we close below 5400 I can see 5330 on the cards.

Should I or do I need to know more?
@pawpaw1000 on Twitter
  • #217,082
  • Apr 14, 2010 1:34am Apr 14, 2010 1:34am
Forecast for this week. H4 graph
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4.gif Size: 15 KB
  • #217,083
  • Apr 14, 2010 1:37am Apr 14, 2010 1:37am
Quoting pawpaw1000
Is it wrong for me to say I have no Idea whats gonna happen next?

Everyone is always posting where they see price in 93 and a half minutes but I have nothing at this point... If we go up and close above trendline then I maybe see 5480 - 5500. If we close below 5400 I can see 5330 on the cards.

Should I or do I need to know more?
I'm waiting for a retracement to 15435(ish) and anticipating short with a target of 15375 - but that' my trading strategy. The retracement is just a personal safety net.

I'm with you here though, I don't have any idea what's going to happen next and the charts aren't making anything obvious for me to trade. So, I've been my morning reading/registering on a forex discussion board instead
  • #217,084
  • Apr 14, 2010 1:39am Apr 14, 2010 1:39am
Chart eur/jpy - target 126,30 (if test fails 124,34 is then support) See chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy3.jpg Size: 113 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #217,085
  • Apr 14, 2010 1:39am Apr 14, 2010 1:39am
Quoting free4440273
short 5420
exit 5404
  • #217,086
  • Apr 14, 2010 1:40am Apr 14, 2010 1:40am
Quoting bbakker
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!
Wormie, I suppose it is part of the learning process and the sooner I get my sheeeet together, put it down on paper, the better. I am very rough cut diamond and a long way of the finished polished article. I am still soaking in information like a sponge and with the likes of you on this forum I am beginning to understand trading much better and how to go about it. I am grateful for your wisdom, knowledge and willingness to help.
  • #217,087
  • Apr 14, 2010 1:40am Apr 14, 2010 1:40am
Quoting bbakker
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!
yup
Thank You
  • #217,088
  • Apr 14, 2010 1:42am Apr 14, 2010 1:42am
Wowow....

Drop so much... Make me do not know to enter long or not... wahahah..

Waiting for long signal.
Smile Chankl78
  • #217,089
  • Apr 14, 2010 1:45am Apr 14, 2010 1:45am
Quoting chankl78
Wowow....

Drop so much... Make me do not know to enter long or not... wahahah..

Waiting for long signal.
I think that puts us short mate. Dropped right through 54000 and touched 5380 which is next resistance. I'm short at 5390, s/l 5415 and t/p 5337...
@pawpaw1000 on Twitter
  • #217,090
  • Apr 14, 2010 1:45am Apr 14, 2010 1:45am
Quoting bbakker
Wormie, I suppose it is part of the learning process and the sooner I get my sheeeet together, put it down on paper, the better. I am very rough cut diamond and a long way of the finished polished article. I am still soaking in information like a sponge and with the likes of you on this forum I am beginning to understand trading much better and how to go about it. I am grateful ..
No worries .. you have a great attitude so It wouldn't take long before you get it right.
Now, don't jump the gun again, wait for the london boys to roll the ball
Thank You
  • #217,091
  • Apr 14, 2010 1:46am Apr 14, 2010 1:46am
Quoting bbakker
If we get there!

We have already got there !

  • #217,092
  • Apr 14, 2010 1:48am Apr 14, 2010 1:48am
Quoting wormboy
No worries .. you have a great attitude so It wouldn't take long before you get it right.
Now, don't jump the gun again, wait for the london boys to roll the ball


Cheers matey, you're a star!

Still holding onto that short for the moment and moved SL to BE
  • #217,093
  • Apr 14, 2010 1:51am Apr 14, 2010 1:51am
Quoting Cotton-I-Jo
We have already got there !

I forgot to add my TP Still... we didn't touch my m15 trendline yet, so there is still room for it to go downstairs!
  • #217,094
  • Apr 14, 2010 1:53am Apr 14, 2010 1:53am
Quoting bbakker


Cheers matey
okay good luck with your trading

p/s : dp is 5382 ..
Thank You
  • #217,095
  • Apr 14, 2010 1:56am Apr 14, 2010 1:56am
mmm... Possible triangle???
Attached Image (click to enlarge)
Click to Enlarge Name: what.png Size: 70 KB
@pawpaw1000 on Twitter
  • #217,096
  • Apr 14, 2010 1:56am Apr 14, 2010 1:56am
Morning campers.

With the US CPI news later today, I'm not expecting significant moves this morning.

If you trade a range between 1.5340 and 1.5450 I think you should be quids in.

Perfect set up for my averaging strategy

GL to you all
  • #217,097
  • Apr 14, 2010 1:59am Apr 14, 2010 1:59am
Quoting wormboy
okay good luck with your trading

p/s : dp is 5382 ..
  • #217,098
  • Apr 14, 2010 2:00am Apr 14, 2010 2:00am
Quoting pawpaw1000
mmm... Possible triangle???
A wedge it is! You didn't see my posts from last night then?
  • #217,099
  • Apr 14, 2010 2:00am Apr 14, 2010 2:00am
Quoting pawpaw1000
I think that puts us short mate. Dropped right through 54000 and touched 5380 which is next resistance. I'm short at 5390, s/l 5415 and t/p 5337...
Hey Paw, how are you.

Are you sure this isn't just pre London rebound. I gotta feeling we may be going back up with a spike before down?
  • #217,100
  • Apr 14, 2010 2:00am Apr 14, 2010 2:00am
Quoting bbakker
I am still waiting... so flat now... So if it become short... then goes short...

haha..
Smile Chankl78
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