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Cable Update (GBPUSD)

  • #217,821
  • Apr 15, 2010 5:09am Apr 15, 2010 5:09am
I have 15360 as the daily ltl. We break that and we are heading south permanently!
  • #217,822
  • Apr 15, 2010 5:10am Apr 15, 2010 5:10am
am short from 5420 now, suggestions please, something tells me that we will still go more down further
  • #217,823
  • Apr 15, 2010 5:11am Apr 15, 2010 5:11am
Quoting pawpaw1000
Hey BB,

why you so adamant on long? Dont make the same mistake as me... I missed most of the up move!!!

Closed my shorts as I am expecting a lil pullback here...

Will get back in asap... 5420 a possibility...
We are still above the daily ltl!
  • #217,824
  • Apr 15, 2010 5:11am Apr 15, 2010 5:11am
Quoting bbakker
I have 15360 as the daily ltl. We break that and we are heading south permanently!
aah, good point... So you reckon we will at least touch there right

I'm hoping...

Am waiting for 5380 to see 5330...
@pawpaw1000 on Twitter
  • #217,825
  • Apr 15, 2010 5:12am Apr 15, 2010 5:12am
I posted this picture before but it just sprang to mind again
Attached Image
  • #217,826
  • Apr 15, 2010 5:13am Apr 15, 2010 5:13am
the 1hr asc trend line channels have been breeched to downside, with 4hr trend line/bottom of asc channel and daily asc t/line still intact...1hr looks like this now:

G/L

http://i40.tinypic.com/2h51o4o.jpg
ex member
  • #217,827
  • Apr 15, 2010 5:14am Apr 15, 2010 5:14am
Quoting pawpaw1000
aah, good point... So you reckon we will at least touch there right

I'm hoping...

Am waiting for 5380 to see 5330...
I am not convinced that we are at the turning point yet!
  • #217,828
  • Apr 15, 2010 5:14am Apr 15, 2010 5:14am
Quoting bbakker
We are still above the daily ltl!
Jip, BUT we have alot of news this evening and as all governments are doing, OBAMA will make sure its positive...

Can you believe the USA want to run a Trillion Dollar deficit for the next 10 years... WHO IS GONNA PAY FOR THAT! THE CHINESE?
@pawpaw1000 on Twitter
  • #217,829
  • Apr 15, 2010 5:16am Apr 15, 2010 5:16am
eur/yen is bloody!
  • #217,830
  • Apr 15, 2010 5:18am Apr 15, 2010 5:18am
Quoting wormboy
what's so funny?
Don't let it bother you.
  • #217,831
  • Apr 15, 2010 5:18am Apr 15, 2010 5:18am
Kill, I see what looks like a break of utl on usdx so we could see alot higher highs??

need to break 80.775
@pawpaw1000 on Twitter
  • #217,832
  • Apr 15, 2010 5:19am Apr 15, 2010 5:19am
I will start my buying again now and every 30 pips or so it goes down until it hits the other Major Daily UTL. It is at 61.8 % Fb level of the last 4 hr move upand there is a Major UTL there. Good place to start. Also posted is the Divergence I spotted earlier.

FYI: any time you see a Morning Star like the one yesterday, drop down a few timeframes and look for any divergence that may show a retracement since this is something that happens a lot.

Jim
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
Click to Enlarge Name: gu1.gif Size: 47 KB
  • #217,833
  • Apr 15, 2010 5:19am Apr 15, 2010 5:19am
Quoting kill56
rooooooooom the ride for the cable = 127pips

Congratulations kill.. it's gift from heaven after last day without anything..

today it's your day.. & all of traders who love greens..
  • #217,834
  • Apr 15, 2010 5:20am Apr 15, 2010 5:20am
Trade update

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

Trade amended...

SL to BE and TP is now 1.5320.

Take note of the 3 sections of interest.... 1.5440, 1.5380 & 1.5320.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 123 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,835
  • Apr 15, 2010 5:20am Apr 15, 2010 5:20am
Quoting pawpaw1000
Kill, I see what looks like a break of utl on usdx so we could see alot higher highs??

need to break 80.775
yep
  • #217,836
  • Apr 15, 2010 5:20am Apr 15, 2010 5:20am
Hope you got a nice ride there, ole buddy.

Jim

Quoting kill56
we did man
  • #217,837
  • Apr 15, 2010 5:21am Apr 15, 2010 5:21am
Quoting Nene
I will start my buying again now and every 30 pips or so it goes down until it hits the other Major Daily UTL. It is at 61.8 % Fb level of the last 4 hr move upand there is a Major UTL there. Good place to start. Also posted is the Divergence I spotted earlier.

FYI: any time you see a Morning Star like the one yesterday, drop down a few timeframes and look for any divergence that may show a retracement since this is something that happens a lot.

Jim
above 5440 I will agree with you but am looking for a touch of the ltl and news this afternoon for the break
@pawpaw1000 on Twitter
  • #217,838
  • Apr 15, 2010 5:22am Apr 15, 2010 5:22am
Quoting digger1
was wondering tht myself wormie . Good advice as far as I was concerned .
lol yea .. a bit baffled here
Thank You
  • #217,839
  • Apr 15, 2010 5:22am Apr 15, 2010 5:22am
Nice job on that BB, I was going to post that the best place for a stop was just below 1.5380 and ya beat me to it.

Nice to knw someone is thinking along the same lines.

Jim

Quoting Bull_Bear
Trade update

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

Trade amended...

SL to BE and TP is now 1.5320.

Take note of the 3 sections of interest.... 1.5440, 1.5380 & 1.5320.
  • #217,840
  • Apr 15, 2010 5:22am Apr 15, 2010 5:22am
Quoting Crazy-Man



Congratulations kill.. it's gift from heaven after last day without anything..

today it's your day.. & all of traders who love greens..
happy for all the ppl in green and best of luck to the ppl in red

lets enjoy the ride bro
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