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Cable Update (GBPUSD)

  • #218,481
  • Edited 3:59am Apr 16, 2010 3:57am | Edited 3:59am
M15 Chart
http://i40.tinypic.com/259bva8.jpg

Current bar is shorter than previous bar using MACD(5,35,9)
If you look at it.. it is still going up...
And

M5 Chart

http://i41.tinypic.com/sfxgsy.jpg

M5 chart is agreeing to the move. Looking at the chart... do not know up or down now.....
So Waiting.......

Trying new way...
Smile Chankl78
  • #218,482
  • Apr 16, 2010 3:59am Apr 16, 2010 3:59am
Oops - Resistance Popped! This is an aggressive move up.

Short with caution - Or go Long. Post follow up chart in a few
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #218,483
  • Apr 16, 2010 4:01am Apr 16, 2010 4:01am
no break no shack
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 20 KB
  • #218,484
  • Apr 16, 2010 4:03am Apr 16, 2010 4:03am
Quoting kill56
no break no shack
Obvious bull flag.
Probability Professor
  • #218,485
  • Apr 16, 2010 4:03am Apr 16, 2010 4:03am
people shorting here!
  • #218,486
  • Apr 16, 2010 4:04am Apr 16, 2010 4:04am
5520 next?
  • #218,487
  • Apr 16, 2010 4:06am Apr 16, 2010 4:06am
Quoting free4440273
people shorting here!
Don't panic, resistance line will hold, then tumble down follows
  • #218,488
  • Apr 16, 2010 4:06am Apr 16, 2010 4:06am
Quoting free4440273
people shorting here!
I think whether you go short or long, I think next week it will hit this price again, therefore either way can win if traded right.
Probability Professor
  • #218,489
  • Apr 16, 2010 4:08am Apr 16, 2010 4:08am
china's gdp growth forecast fror 2010 raised to 10.3% from 9.5%...Wow!! No wonder the western economies (the consumption centre) are now in long term trouble with the eastern/asian economies (the production centre) growing like this.
ex member
  • #218,490
  • Apr 16, 2010 4:08am Apr 16, 2010 4:08am
Quoting Galation
Obvious bull flag.
yes sir
  • #218,491
  • Apr 16, 2010 4:10am Apr 16, 2010 4:10am
Daily Pivot and Weekly R1 pivot (minor factors only) around this current level, also 61.8% 5523-5364

G/L
ex member
  • #218,492
  • Apr 16, 2010 4:12am Apr 16, 2010 4:12am
room its friday and its always crazy
  • #218,493
  • Apr 16, 2010 4:20am Apr 16, 2010 4:20am
I'd really like to see 5520 and then short
  • #218,494
  • Apr 16, 2010 4:21am Apr 16, 2010 4:21am
Quoting chankl78
M15 Chart
http://i40.tinypic.com/259bva8.jpg

Current bar is shorter than previous bar using MACD(5,35,9)
If you look at it.. it is still going up...
And

M5 Chart

http://i41.tinypic.com/sfxgsy.jpg

M5 chart is agreeing to the move. Looking at the chart... do not know up or down now.....
So Waiting.......

Trying new way...
No regret waiting for that short signal...

But damn regret to close my long at 15pips....... GREED again.....
sigh... I am just a novice with so many mistakes.

Been side line for a long time... need to find a method to reenter trade on same signal.
Smile Chankl78
  • #218,495
  • Apr 16, 2010 4:22am Apr 16, 2010 4:22am
come on bulls! pump this!
  • #218,496
  • Apr 16, 2010 4:23am Apr 16, 2010 4:23am
Quoting free4440273
I'd really like to see 5520 and then short
Ditto, I'm going to buy into shorts from 5520 and then every 35 pips upwards from there
  • #218,497
  • Apr 16, 2010 4:24am Apr 16, 2010 4:24am
Quoting chankl78
No regret waiting for that short signal...

But damn regret to close my long at 15pips....... GREED again.....
sigh... I am just a novice with so many mistakes.
You may call yourself a novice but I personally think those three indicators are the best indicators - Volume, Stochastic and MACD. Learn them, understand what they are telling you, I like the look of your chart.
Probability Professor
  • #218,498
  • Apr 16, 2010 4:26am Apr 16, 2010 4:26am
Quoting Galation
You may call yourself a novice but I personally think those three indicators are the best indicators - Volume, Stochastic and MACD. Learn them, understand what they are telling you, I like the look of your chart.
I WILL.. thanks for encouragement.
Smile Chankl78
  • #218,499
  • Apr 16, 2010 4:27am Apr 16, 2010 4:27am
Quoting kill56
room its friday and its always crazy
For that reason I will only take 1/2 profit @15480 and move the SL of the rest to a bit below DP!

Moved my SL of current position to below DP so I have already locked in some green pips!
  • #218,500
  • Apr 16, 2010 4:30am Apr 16, 2010 4:30am
Quoting bbakker
For that reason I will only take 1/2 profit @15480 and move the SL of the rest to a bit below DP!

Moved my SL to current position to below DP so I have already locked in some green pips!
hey bro how are u

cash in one for the road is not bad it keeps the fun lets enjoy the ride
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