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Cable Update (GBPUSD)

  • #217,781
  • Apr 15, 2010 4:37am Apr 15, 2010 4:37am
cable easing past the bids @ 5450 and the 4 fib cluster @ 5433-29 to the steepest 1hr ascending channel trend line and the 4hr channel trend line...1hr is shown below.... Throughout the small pullback from 5454 area macd's on 5min remained below their zero axis and 30min+ pointing steeply down...

http://i39.tinypic.com/18ix43.jpg
ex member
  • #217,782
  • Apr 15, 2010 4:40am Apr 15, 2010 4:40am
something I learnt yesterday:

The longer PA stays close to a s/r the better chance it has of breaking it...

You guys saying 5380 is the line in the sand, thought it would've been 5330?
@pawpaw1000 on Twitter
  • #217,783
  • Apr 15, 2010 4:40am Apr 15, 2010 4:40am
rule no. 16

a trader sit his azz in front of the screen 24h should

1. hit and run

2. cash in

3. green azz better than red azz although i like pink

for swingers its great but needs time and u know what

good luck all
  • #217,784
  • Apr 15, 2010 4:42am Apr 15, 2010 4:42am
Quoting OldReigatian
Ok guys, time to book your longs back up to 1.5485
so Old.. are you in with long ..?!

some say.. should buy when everybody's sell.. should sell when everybody's

what is your position..
 buy..
  • #217,785
  • Apr 15, 2010 4:42am Apr 15, 2010 4:42am
Quoting digger1
1st 2 tgts taken out , holding a few yet 1.5390 is an area I am watching cheers all
keep them comig voodoo boodoo
  • #217,786
  • Apr 15, 2010 4:42am Apr 15, 2010 4:42am
Quoting kill56
rule no. 16

a trader sit his azz in front of the screen 24h should

1. hit and run

2. cash in

3. green azz better than red azz although i like pink

for swingers its great but needs time and u know what

good luck all
Kill my good friend , hope you hitting it hard today man , greenie is good, lol
  • #217,787
  • Apr 15, 2010 4:43am Apr 15, 2010 4:43am
5336 next?
  • #217,788
  • Apr 15, 2010 4:44am Apr 15, 2010 4:44am
Full TP hit 1.5413, +103 pips.
Now we may rally, if the charts are right.
  • #217,789
  • Apr 15, 2010 4:46am Apr 15, 2010 4:46am
just started learning elliot waves...

What you guys think of this? 3rd wave is longest and could be even lower?
Attached Image (click to enlarge)
Click to Enlarge Name: elliot.jpg Size: 113 KB
@pawpaw1000 on Twitter
  • #217,790
  • Apr 15, 2010 4:47am Apr 15, 2010 4:47am
Quoting wormboy
So remember, for the umpteenth time, always wait for london open before taking new positions
HaaaaHaaaa LOL
  • #217,791
  • Apr 15, 2010 4:47am Apr 15, 2010 4:47am
Quoting free4440273
5336 next?
380 is my target for right now. may be i will be done for the day over there or re-evaluate

Oh wait.... TP moved to 350 just looking at the momemtum
Keep em comin
  • #217,792
  • Apr 15, 2010 4:47am Apr 15, 2010 4:47am
Quoting kill56
rule no. 16

a trader sit his azz in front of the screen 24h should
Quoting kill56


1. hit and run

2. cash in

3. green azz better than red azz although i like pink

for swingers its great but needs time and u know what

good luck all




forexheadz rulez
  • #217,793
  • Apr 15, 2010 4:47am Apr 15, 2010 4:47am
I am not going to go long for any extended target unless/until I see a certain price pattern on the 5min chart +, I haven't seen it yet although I did go long at that bullish div up at 5454 but for a small scalp only.

doubtless as someone metioned, some long position stops have been triggered by sharpness of retreat from current highs.

G/L
ex member
  • #217,794
  • Apr 15, 2010 4:48am Apr 15, 2010 4:48am
greeeen pips!! Lovely!! Fibre closing the gap by looks of it.
  • #217,795
  • Apr 15, 2010 4:48am Apr 15, 2010 4:48am
TP hit of 5410. flat now.
  • #217,796
  • Apr 15, 2010 4:48am Apr 15, 2010 4:48am
Quoting lexazver
Actually i think this move will be explained by news guys as saying that strong Chinese GDP will prompt them to either revaluate of get rid of dollar peg. In which case Asiancurrencies rally against aall others especialy euro and pound ...something like this....i think .....maybe....perhaps.....
  • #217,797
  • Apr 15, 2010 4:50am Apr 15, 2010 4:50am
Quoting The Magician
greeeen pips!! Lovely!! Fibre closing the gap by looks of it.

congratulations ..
  • #217,798
  • Apr 15, 2010 4:51am Apr 15, 2010 4:51am
Quoting bbakker
Still waiting for my long order from last night to open at DP.
I'm on the short side mate...

http://www.forexfactory.com/showpost...stcount=217714



But thats a good enough point to enter.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,799
  • Apr 15, 2010 4:52am Apr 15, 2010 4:52am
looks like dixy is going even higher...

81 next resistance? Kill, what you got mate???

80.72 now...
@pawpaw1000 on Twitter
  • #217,800
  • Apr 15, 2010 4:53am Apr 15, 2010 4:53am
Quoting pawpaw1000
just started learning elliot waves...

What you guys think of this? 3rd wave is longest and could be even lower?

u are doing great keep it up we learn every day the more u smoke the better u get
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