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Cable Update (GBPUSD)

  • #217,201
  • Apr 14, 2010 5:25am Apr 14, 2010 5:25am
this move in the lst 20 minutes or so doesnt bode well for bulls imho...shows to me that money that can really move the market are selling at hese levels. Although it could be that liquidity wasw low and opportunity window was used to lower the price to buy at discount.....need more confirmations of either.
  • #217,202
  • Apr 14, 2010 5:25am Apr 14, 2010 5:25am
a decent 15min bullish trigger candle here would target the box areas long...will see how this 15min candle develops and closes....won't be afraid to scalp some long pips if targets look difficult given the big bearish thrust candle in 15min it is up against.

G/L
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ex member
  • #217,203
  • Apr 14, 2010 5:26am Apr 14, 2010 5:26am
Quoting Bull_Bear
Wormie, brass balls of steel for hang'n to ur long mate

Dragon 1300 pips of which, I'll take a 700 pip cut and still holding....
Q, them steel balls were well shaken a couple of times this week lol
just going with the D1 setup bro.

hold on to the beast, she close above 50, i reckon you're in for a couple hundred more
that's what im watching anyway ...
Thank You
  • #217,204
  • Apr 14, 2010 5:27am Apr 14, 2010 5:27am
Quoting lexazver
this move in the lst 20 minutes or so doesnt bode well for bulls imho...shows to me that money that can really move the market are selling at hese levels. Although it could be that liquidity wasw low and opportunity window was used to lower the price to buy at discount.....need more confirmations of either.
agreed - and anywhere near 5500 and I am selling this.
  • #217,205
  • Apr 14, 2010 5:31am Apr 14, 2010 5:31am
Quoting USD-Bear
Long @ 1.5375
Target 1: 1.5500
Target 2: 1.5600
SL: 1.5300
Moved SL to BE
Don't be a hero. Don't have an ego. Always question yourself
  • #217,206
  • Apr 14, 2010 5:35am Apr 14, 2010 5:35am
Quoting wormboy
Q, them steel balls were well shaken a couple of times this week lol
just going with the D1 setup bro.

hold on to the beast, she close above 50, i reckon you're in for a couple hundred more
that's what im watching anyway ...
Been tempted to take her off a couple of times but lucky i didn't, looking for 146.80.. should bring me to 900 pips. Would love to see her to 1000 pips, but itchy fingers at 900pips I think
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,207
  • Apr 14, 2010 5:35am Apr 14, 2010 5:35am
Sorry, I hv close my short and change to long. Does not meet the short pattern on M15 chart.
Face both Win and Lose bravely
  • #217,208
  • Apr 14, 2010 5:36am Apr 14, 2010 5:36am
Quoting free4440273
agreed - and anywhere near 5500 and I am selling this.
if price ever gets there. I'm still a bear at this point (until i see ascending trenline broken to the upside) and potentialy i see something like this could develop.
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  • #217,209
  • Apr 14, 2010 5:38am Apr 14, 2010 5:38am
Hi All

Bit of respite from work for 5 mins. Had a look at the history and I can't but help feel that whatever the news today the direction of traffic will be moving fast.

We haven't had a 250 pip day for ages. So hold onto your hats, book your trades, but stick stops against them, cos I have a feeling there is going to be a lot of movement this afternoon and for the rest of the week.
  • #217,210
  • Apr 14, 2010 5:40am Apr 14, 2010 5:40am
Quoting OldReigatian
Hi All

Bit of respite from work for 5 mins. Had a look at the history and I can't but help feel that whatever the news today the direction of traffic will be moving fast.

We haven't had a 250 pip day for ages. So hold onto your hats, book your trades, but stick stops against them, cos I have a feeling there is going to be a lot of movement this afternoon and for the rest of the week.
u better believe it! USA data all critical.
  • #217,211
  • Apr 14, 2010 5:43am Apr 14, 2010 5:43am
chhhhhhhhhhhhhhhhhhhhhhhhhhhhhhung i love the queeeeeeeeen
  • #217,212
  • Apr 14, 2010 5:46am Apr 14, 2010 5:46am
Quoting bbmac
a decent 15min bullish trigger candle here would target the box areas long...will see how this 15min candle develops and closes....won't be afraid to scalp some long pips if targets look difficult given the big bearish thrust candle in 15min it is up against.

G/L
Update: the 15min candle that developed was bullish but was not a good reversal candle like a pinbar etc so have abandoned that potential long
ex member
  • #217,213
  • Apr 14, 2010 5:46am Apr 14, 2010 5:46am
Quoting USD-Bear
Moved SL to BE

with u bro
  • #217,214
  • Apr 14, 2010 5:47am Apr 14, 2010 5:47am
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  • #217,215
  • Apr 14, 2010 5:47am Apr 14, 2010 5:47am
Quoting kill56
chhhhhhhhhhhhhhhhhhhhhhhhhhhhhhung i love the queeeeeeeeen
I'm sat watching her going up and down, that's not very regal!

Did you bring out the GIMP?
Back to basics, it has to be for me!
  • #217,216
  • Apr 14, 2010 5:48am Apr 14, 2010 5:48am
Long 1.5406 tp 15426 quick scalp
  • #217,217
  • Apr 14, 2010 5:48am Apr 14, 2010 5:48am
Quoting lexazver
this move in the lst 20 minutes or so doesnt bode well for bulls imho...shows to me that money that can really move the market are selling at hese levels. Although it could be that liquidity wasw low and opportunity window was used to lower the price to buy at discount.....need more confirmations of either.
i tend to agree. There is a heap of sellers waiting to bail out at the 40-50 range. Its going to take a very decent wall street rally or strong boost of optimism in world growth to push the cable further.
  • #217,218
  • Apr 14, 2010 5:50am Apr 14, 2010 5:50am
Quoting free4440273
u better believe it! USA data all critical.
and it will be good for dollar...

I've decided to start trading longer term. But adding to winning positions in intraday trading at important s/r points...

Will trade just before leaving for training in an hour but am biased south...
@pawpaw1000 on Twitter
  • #217,219
  • Apr 14, 2010 5:51am Apr 14, 2010 5:51am
Quoting BadTradingFi
I'm sat watching her going up and down, that's not very regal!

Did you bring out the GIMP?

yes bro thank u
  • #217,220
  • Apr 14, 2010 5:52am Apr 14, 2010 5:52am
Quoting fivedollar
decent open buy orders at 5420

just scalping for now
yep, still learning the art of patience. Its true we have a natural tendency to let our losses run and short change our profits.

its easy to find a reason to cash out once you are ahead.
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