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Cable Update (GBPUSD)

  • #218,341
  • Apr 15, 2010 11:16pm Apr 15, 2010 11:16pm
Quoting joemiami
Just noticed others are using 1440 ema, not sma, maybe I'll try the ema too and see how it goes....
I use both.. They work well together. also not to far off from each other. Same with the 200's and the 55's.
  • #218,342
  • Apr 15, 2010 11:21pm Apr 15, 2010 11:21pm
Quoting joemiami
Honored, she bounced off the 1440 sma 3 hrs ago (TODAY) Just closed my short scalp for 35 pips.. Now waiting for long signal.......
I took that as S1 at 1.5412 when it bounced off 3 hrs ago. i closed my short back then. long now for a new high ???
  • #218,343
  • Apr 15, 2010 11:21pm Apr 15, 2010 11:21pm
Good to know...
  • #218,344
  • Apr 15, 2010 11:22pm Apr 15, 2010 11:22pm
closed my previous long before the fall

long again @ 5409
  • #218,345
  • Apr 15, 2010 11:23pm Apr 15, 2010 11:23pm
In other words, dont panic if price suddenly retraces on you, and you know you are with the major trend, Cable is notorious for that.

And for the other, let the retrace come to you, for example: If you are long with long term trend and its time, or you think its time for a correction, dont just sell, buy into the retrace. My favorite way is too buy a micro or two every 30 pips or so.

Jim

Quoting okehiedon
Nene I do not get the exact meaning of rule 2 and rule 5 could you throw more light. Thanks
  • #218,346
  • Apr 15, 2010 11:24pm Apr 15, 2010 11:24pm
Honored, Im waiting for the next 15 min bar to finish bullish before i commit myself.....
  • #218,347
  • Apr 15, 2010 11:25pm Apr 15, 2010 11:25pm
Quoting joemiami
Honored, Im waiting for the next 15 min bar to finish bullish before i commit myself.....
thats good. Looks like its almost there. u got 6 mins left
  • #218,348
  • Apr 15, 2010 11:26pm Apr 15, 2010 11:26pm
Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.
  • #218,349
  • Apr 15, 2010 11:27pm Apr 15, 2010 11:27pm
Quoting cloggie
Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.
Yeah, I know about the 4hr picture, its orbiting quickly around my cerebellum.....lol
  • #218,350
  • Apr 15, 2010 11:28pm Apr 15, 2010 11:28pm
This is my thinking

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 32 KB


If cable don't touch 78.6 I will buy at 61.8

Happy trading to every one.
  • #218,351
  • Apr 15, 2010 11:29pm Apr 15, 2010 11:29pm
By the way, we are at the 61.8 Fib level for the Daily move up from 4/13.

Just FYI, because I been buying this retrace......LOL

Jim
  • #218,352
  • Apr 15, 2010 11:30pm Apr 15, 2010 11:30pm
Quoting cloggie
Guys taking longs here may want to be a bit careful with that, we have 3 bear candles on H4 looking at an intraday target of 533. I am still flat doing my analysis on my pairs for today.
thanks for the heads up. its a bit scary around this area. i will have a tight SL
  • #218,353
  • Apr 15, 2010 11:30pm Apr 15, 2010 11:30pm
15 min bar close bullish. Im now long at 5410......
  • #218,354
  • Apr 15, 2010 11:33pm Apr 15, 2010 11:33pm
Quoting joemiami
15 min bar close bullish.
Not on my chart.
  • #218,355
  • Apr 15, 2010 11:34pm Apr 15, 2010 11:34pm
Quoting cloggie
Not on my chart.
yes it did. one more last dip here to the 90 and we shud be back up
  • #218,356
  • Apr 15, 2010 11:34pm Apr 15, 2010 11:34pm
f*ck, it doesn't want to go up and we're long
ROBOT FOREX
  • #218,357
  • Apr 15, 2010 11:35pm Apr 15, 2010 11:35pm
Ok, it was "half ass" bullish candle( not all the way up)....

If 5395 support holds, I will add to my long....
  • #218,358
  • Apr 15, 2010 11:38pm Apr 15, 2010 11:38pm
long 5388
  • #218,359
  • Apr 15, 2010 11:41pm Apr 15, 2010 11:41pm
15 min pin forming...just added another long at 5400
  • #218,360
  • Apr 15, 2010 11:42pm Apr 15, 2010 11:42pm
Quoting joemiami
15 min pin forming...just added another long at 5400
I'm waiting for london...

BTW on my chart the pinbar touched daily LTL...
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