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Cable Update (GBPUSD)

  • #217,161
  • Apr 14, 2010 4:17am Apr 14, 2010 4:17am
5440 next
  • #217,162
  • Apr 14, 2010 4:17am Apr 14, 2010 4:17am
Quoting cableboy
cloggs what level u lookin for new long
Am keeping an eye on anything from 5393 to 5399, depends on the PA there, this retrace may go below 5390, if it does I will stay aside to see if it has further momentum. It is a bit of tricky day, that's why I am getting out at 20-30 pip runs instead of higher TP's of 50-100. H1/H4 is showing me that further move up will involve some ranging at different levels and any break lower will give us a larger move. Fib extensions of the move up from 47974 to 53185 are only just coming into play. and 55209 is a big level for any move up. There is still a big chance of continued ranging here until the election. If you go back 5 years to the last election you see the same, a win for the Tories will see a major swing high while a win for Labour will see the opposite, this has been the case for decades.
  • #217,163
  • Apr 14, 2010 4:28am Apr 14, 2010 4:28am
Quoting free4440273
5440 next
hrly looking bullish!
  • #217,164
  • Apr 14, 2010 4:28am Apr 14, 2010 4:28am
Quoting cloggie
Am keeping an eye on anything from 5393 to 5399, depends on the PA there, this retrace may go below 5390, if it does I will stay aside to see if it has further momentum. It is a bit of tricky day, that's why I am getting out at 20-30 pip runs instead of higher TP's of 50-100. H1/H4 is showing me that further move up will involve some ranging at different levels and any break lower will give us a larger move. Fib extensions of the move up from 47974 to 53185 are only just coming into play. and 55209 is a big level for any move up. There is still...
interesting gonna have a look at last elections see what happened. Hung parliment is wat i expect and i feel thats whats weighing on the pound at the mo so im gonna go with the ranging till the election. Who would want to buy with this on her head? i see what you saying about the fibs only comming into play now.
  • #217,165
  • Apr 14, 2010 4:29am Apr 14, 2010 4:29am
Really busy @work!

Looks like a great scalping morning for you people!

Are we finally going to see a breakout, or will be just keep ranging in this wedge?

Back on here later people!
  • #217,166
  • Apr 14, 2010 4:29am Apr 14, 2010 4:29am
Quoting Bull_Bear
Closing long manually @ 1.5402

Resistance at 1.5540 may prove stubborn.

Sell 1.5402.. SL.. 1.5460.. TP 1.5280
Time to geth the hell outta shorts... closed @ 1.5430

Reversing long

1.5430.. SL.. 1.5360.. TP.. 1.5540
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,167
  • Apr 14, 2010 4:30am Apr 14, 2010 4:30am
Quoting cloggie
Am keeping an eye on anything from 5393 to 5399, depends on the PA there, this retrace may go below 5390, if it does I will stay aside to see if it has further momentum. It is a bit of tricky day, that's why I am getting out at 20-30 pip runs instead of higher TP's of 50-100. H1/H4 is showing me that further move up will involve some ranging at different levels and any break lower will give us a larger move. Fib extensions of the move up from 47974 to 53185 are only just coming into play. and 55209 is a big level for any move up. There is still...
  • #217,168
  • Apr 14, 2010 4:31am Apr 14, 2010 4:31am
i can sense the tension yesterdays sudden drop got alot of people weary

cant be too sure but can be safe
  • #217,169
  • Apr 14, 2010 4:32am Apr 14, 2010 4:32am
Quoting free4440273
hrly looking bullish!
real bullish!
  • #217,170
  • Apr 14, 2010 4:32am Apr 14, 2010 4:32am
Quoting Bull_Bear
Time to geth the hell outta shorts... closed @ 1.5430

Reversing long

1.5430.. SL.. 1.5360.. TP.. 1.5540
Yeah I may have closed my earlier long a tad early, looking for entry again. A break of 54379 will get us 549.
  • #217,171
  • Apr 14, 2010 4:35am Apr 14, 2010 4:35am
Quoting free4440273
real bullish!
next 25 mins crucial .
  • #217,172
  • Apr 14, 2010 4:36am Apr 14, 2010 4:36am
Quoting cloggie
Yeah I may have closed my earlier long a tad early, looking for entry again. A break of 54379 will get us 549.
Every trade gives more experience.
  • #217,173
  • Apr 14, 2010 4:38am Apr 14, 2010 4:38am
Quoting free4440273
5440 next
I am looking at TP 1.5500
  • #217,174
  • Apr 14, 2010 4:41am Apr 14, 2010 4:41am
Quoting sirxl
I am looking at TP 1.5500
even better -- but don't forget usa data
  • #217,175
  • Apr 14, 2010 4:42am Apr 14, 2010 4:42am
Quoting free4440273
real bullish!
Yes I'm in, up to the North...... choochootrain waiting to be loaded
Non licet omnibus adire Corinthum
  • #217,176
  • Apr 14, 2010 4:43am Apr 14, 2010 4:43am
Quoting cableboy
i can sense the tension yesterdays sudden drop got alot of people weary
and those who jumped the gun when frankies pulled the strings.
always wait for london ...

anyway ... eyes on 5466. if we clear that, it wont stop @5500

dragon is about to mark a 1300 pips rise in slightly less than a month & a half. And I only got 400 from the ride!
Thank You
  • #217,177
  • Apr 14, 2010 4:46am Apr 14, 2010 4:46am
Quoting wormboy
and those who jumped the gun when frankies pulled the strings.
always wait for london ...

anyway ... eyes on 5466. if we clear that, it wont stop @5500

Agreed...
Ghost Rider - WWTBMD?
  • #217,178
  • Apr 14, 2010 4:49am Apr 14, 2010 4:49am
Quoting albchr
Agreed...
hey chris! good things come to those who wait bro
well .... that and jack daniels
Thank You
  • #217,179
  • Apr 14, 2010 4:50am Apr 14, 2010 4:50am
5500 and i am shorting!
  • #217,180
  • Apr 14, 2010 4:52am Apr 14, 2010 4:52am
Long 5438 TP 5490, 5448 and 5462 are key
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