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Cable Update (GBPUSD)

  • #217,681
  • Apr 15, 2010 2:15am Apr 15, 2010 2:15am
any ideas on this drop?

I'm tentative on the first move of london as it does sometimes spike one way and then go the other. BUT if 80 goes, I'm fried...
@pawpaw1000 on Twitter
  • #217,682
  • Apr 15, 2010 2:15am Apr 15, 2010 2:15am
Anyone who love to go short gbpusd today? I am bullish on it but lets wait for the lower price to do again. Maybe 1.5445 lately today.

Thanks.
  • #217,683
  • Apr 15, 2010 2:20am Apr 15, 2010 2:20am
The Greek 10 year yeilds are rising pushing the EUR and GBP down.
  • #217,684
  • Apr 15, 2010 2:20am Apr 15, 2010 2:20am
Quoting pawpaw1000
any ideas on this drop?

I'm tentative on the first move of london as it does sometimes spike one way and then go the other. BUT if 80 goes, I'm fried...
Ditto. I don't tend to play on the London open as it gets very volatile. However, I managed to take a cheeky 10 pips on the short and so I'm sitting back now and waiting for it to settle. looks like 80 is going though!

Bloody volcanos! The missus is on her way to Vegas this morning and a volcano decides to blow up and ground all flights. You couldn't write it lol!!
  • #217,685
  • Apr 15, 2010 2:21am Apr 15, 2010 2:21am
Quoting pawpaw1000
any ideas on this drop?

I'm tentative on the first move of london as it does sometimes spike one way and then go the other. BUT if 80 goes, I'm fried...
I think it's technical, let's see how it reacts at 5450..
  • #217,686
  • Apr 15, 2010 2:21am Apr 15, 2010 2:21am
Quoting The Magician
Ditto. I don't tend to play on the London open as it gets very volatile. However, I managed to take a cheeky 10 pips on the short and so I'm sitting back now and waiting for it to settle. looks like 80 is going though!

Bloody volcanos! The missus is on her way to Vegas this morning and a volcano decides to blow up and ground all flights. You couldn't write it lol!!
A VOLCANO!!! hahaha... thats crazy...
@pawpaw1000 on Twitter
  • #217,687
  • Apr 15, 2010 2:26am Apr 15, 2010 2:26am
if 4h closes like this, its looking bearish...
@pawpaw1000 on Twitter
  • #217,688
  • Apr 15, 2010 2:28am Apr 15, 2010 2:28am
If $ index goes above 80.50 we are fried
  • #217,689
  • Apr 15, 2010 2:29am Apr 15, 2010 2:29am
Quoting pawpaw1000
any ideas on this drop?

I'm tentative on the first move of london as it does sometimes spike one way and then go the other. BUT if 80 goes, I'm fried...
Well different pivot levels than most use , but 3 different time frames with the same significant level lined up (daily, weekly , montly) equaled a stiff resistence area around 1.5521, my tgt s are the daily open at 1.5463 then my daily pivot point at 1.5442 if and when the open gets taken out, more tgts below tht but the day is young and anything can happen and it probably will lol , cheers all
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  • #217,690
  • Apr 15, 2010 2:30am Apr 15, 2010 2:30am
Quoting pawpaw1000
if 4h closes like this, its looking bearish...
Look strongly bearish now. Lets Short @ 1.5480 TP 1.5445 Sl @1.5500. very nice signal lol.
  • #217,691
  • Apr 15, 2010 2:30am Apr 15, 2010 2:30am
this is great... Opens today above the 80 and 5500 level, daily bullish, 4hr bullish, I buy, and I get stopped at 70...

Living the f&^%^%&^%cking good life...
@pawpaw1000 on Twitter
  • #217,692
  • Apr 15, 2010 2:32am Apr 15, 2010 2:32am
Update. 1.5462 is first partial. Took profit. + 54 pips and counting. Notice the hourly chart never closed above 1.5516.
  • #217,693
  • Apr 15, 2010 2:33am Apr 15, 2010 2:33am
I'd like it to hold 1.5463

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Don't be a hero. Don't have an ego. Always question yourself
  • #217,694
  • Apr 15, 2010 2:36am Apr 15, 2010 2:36am
Quoting pawpaw1000
this is great... Opens today above the 80 and 5500 level, daily bullish, 4hr bullish, I buy, and I get stopped at 70...

Living the f&^%^%&^%cking good life...
So remember, for the umpteenth time, always wait for london open before taking new positions
Thank You
  • #217,695
  • Edited 3:38am Apr 15, 2010 2:37am | Edited 3:38am
Quoting Bull_Bear
Time to geth the hell outta shorts... closed @ 1.5430

Reversing long

1.5430.. SL.. 1.5360.. TP.. 1.5540
Long closed manually @ 1.5482

Reverse short

1.5482.. SL.. 1.5540.. TP.. open for now
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,696
  • Apr 15, 2010 2:38am Apr 15, 2010 2:38am
Quoting wormboy
So remember, for the umpteenth time, always wait for london open.
yeah... got 5456 as the possible fibo retracement...

but we will propably start ranging until ny open?
waiting for 4hr close to maybe go short as it seems like we have hit a ceiling...
@pawpaw1000 on Twitter
  • #217,697
  • Apr 15, 2010 2:40am Apr 15, 2010 2:40am

Dont surprise because it has been on the uptrend line from the time last week. Do you remember?

I am still on the bullish but we need to see the lower price to say that.

Thanks

  • #217,698
  • Apr 15, 2010 2:42am Apr 15, 2010 2:42am
come on bulls!
  • #217,699
  • Apr 15, 2010 2:44am Apr 15, 2010 2:44am
Quoting free4440273
come on bulls!
No bulls this time my friends, be carefully with bull trap.
  • #217,700
  • Apr 15, 2010 2:46am Apr 15, 2010 2:46am
Quoting Pham
No bulls this time my friends, be carefully with bull trap.
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