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Cable Update (GBPUSD)

  • #217,701
  • Apr 15, 2010 2:46am Apr 15, 2010 2:46am
Quoting pawpaw1000
yeah... got 5456 as the possible fibo retracement...

but we will propably start ranging until ny open?
ok, dp @5448.
we might range, might drop a bit more till dp. Don;t really care for now
Got my 26 pips scalping lo. That's my day done. Now looking for a price to buy and add to my existing swing position. It's cheaper now .. but would prefer wee bit lower ... let's see
Thank You
  • #217,702
  • Apr 15, 2010 2:46am Apr 15, 2010 2:46am
hmm
Attached Image (click to enlarge)
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  • #217,703
  • Apr 15, 2010 2:53am Apr 15, 2010 2:53am
a bullish close on this 5min candle targets the box for a long if R:R reamins ok, ie depending on size of candle trigger.

G/L

http://i39.tinypic.com/14jxkle.jpg
ex member
  • #217,704
  • Apr 15, 2010 2:55am Apr 15, 2010 2:55am
Quoting forexlion
just when everyone is shorting cable on intra day

cable decides to shoot and kiss the grandfather level

hitch please do not laugh this time, grandfather here means weekly fib level
hello can any one tell me about cable . can anybody give me knoweldge about price action
  • #217,705
  • Apr 15, 2010 2:57am Apr 15, 2010 2:57am
Very good advise about not having any positions into London open.
Quoting wormboy
So remember, for the umpteenth time, always wait for london open before taking new positions
  • #217,706
  • Apr 15, 2010 2:58am Apr 15, 2010 2:58am
Quoting forexlion
5582 decides that, not your petty 5516 , 5 min position

the grandfather is better than baby levels in forex

http://img694.imageshack.us/img694/6699/cableo.gif

Just to rub a little egg..
Prefer my petty 54 pips any day, to waiting for the weekly setup when the high probability trade was right in front of you. Now you have to look back. Maybe we see that weekly level, then I will willing to wager it gets taken out.
  • #217,707
  • Apr 15, 2010 2:59am Apr 15, 2010 2:59am
Have a nice pipping all !




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  • #217,708
  • Apr 15, 2010 3:01am Apr 15, 2010 3:01am
Quoting bbmac
a bullish close on this 5min candle targets the box for a long if R:R reamins ok, ie depending on size of candle trigger.

G/L

http://i39.tinypic.com/14jxkle.jpg
Hi bbmac

If you don't mind me asking where do you put you stop ?

Thanks
  • #217,709
  • Apr 15, 2010 3:04am Apr 15, 2010 3:04am
Quoting Indyfx
Hi bbmac

If you don't mind me asking where do you put you stop ?

Thanks
Stop would be under the extreme on that 5min. ie last swing lo but I made a mistalke, it didn't quite set-up properly which I only noticed when I posted the set-up...sorry,,...there will be others that set-up correctly.
ex member
  • #217,710
  • Apr 15, 2010 3:05am Apr 15, 2010 3:05am
Quoting Cotton-I-Jo
Have a nice pipping all !




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Nice pattern Cotton I. I recall your predictive post a while ago. Do you have MT4 Indi for that pattern prediction. My FXGW is not that pretty....
  • #217,711
  • Apr 15, 2010 3:06am Apr 15, 2010 3:06am
you can see the 1hr prev swing lo=prev imbalance of demand/supply where price is finding some fresh demand...but how strong is it??

http://i42.tinypic.com/ojlemd.jpg
ex member
  • #217,712
  • Apr 15, 2010 3:06am Apr 15, 2010 3:06am
Quoting bbmac
Stop would be under the extreme on that 5min. ie last swing lo but I made a mistalke, it didn't quite set-up properly which I only noticed when I posted the set-up...sorry,,...there will be others that set-up correctly.
Many thanks
  • #217,713
  • Apr 15, 2010 3:17am Apr 15, 2010 3:17am
Quoting Atlast
Good morning. High probability trade setup to short GU, nine continuous green candles running into pitchfork UTL area.
Short at 1.5516
Quoting egkid
Morning
we r almost near to my target 56 But we could not go higher than 5530
So i decided to sell from here 1.5510

GL All
One of my rule
If One trader at my buddy list have same view as mine that cool If not I review my chart And play with Caution

Nice we have same view Atlast
Have u got e/u from 1.3660 I bet u did
  • #217,714
  • Apr 15, 2010 3:19am Apr 15, 2010 3:19am
Quoting kill56
we might see 15530's from now to london

darn i miss the top
  • #217,715
  • Apr 15, 2010 3:21am Apr 15, 2010 3:21am
Mni talking about bids to 5450, below here a 4 fib cluster around 5433-28, the 23.6% of 5128 to current hi not shown on 1hr pic below that shows the relacent trend lines fibs and prev swing hi/lo zones on this t/f

G/L

http://i40.tinypic.com/zxuxdy.jpg
ex member
  • #217,716
  • Apr 15, 2010 3:21am Apr 15, 2010 3:21am
Quoting kill56
darn i miss the top
But are we now at the bottom?
Back to basics, it has to be for me!
  • #217,717
  • Apr 15, 2010 3:22am Apr 15, 2010 3:22am
hi to the high
  • #217,718
  • Apr 15, 2010 3:24am Apr 15, 2010 3:24am
Quoting kill56
darn i miss the top
there is always a better job out there, so what if you missed an entry in forex

Inserted Video
  • #217,719
  • Apr 15, 2010 3:24am Apr 15, 2010 3:24am
Quoting BadTradingFi
But are we now at the bottom?

i like both
  • #217,720
  • Apr 15, 2010 3:26am Apr 15, 2010 3:26am
Quoting BadTradingFi
But are we now at the bottom?
No we will see a minor retrace perhaps, but we will be going down to at least 1.5425, if not 1.5375. Hold your shorts.

If we go back up to 1.5485 I think I will be adding to my shorts.

Happy days
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