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Cable Update (GBPUSD)

  • #218,501
  • Apr 16, 2010 4:31am Apr 16, 2010 4:31am
Quoting OldReigatian
Ditto, I'm going to buy into shorts from 5520 and then every 35 pips upwards from there
thought u said u shorted earlier
  • #218,502
  • Apr 16, 2010 4:32am Apr 16, 2010 4:32am
Quoting kill56
hey bro how are u

cash in one for the road is not bad it keeps the fun lets enjoy the ride
Very good thanks! Although the sheeeet is hitting the fan at work, so not much time for the thread today!
  • #218,503
  • Apr 16, 2010 4:32am Apr 16, 2010 4:32am
Quoting OldReigatian
Short 5442 tp 5380.

Think daily high lows have been set for the day. Nice day for trading the averages me thinks (or, at least, hopes so)

GL
^^here
  • #218,504
  • Apr 16, 2010 4:35am Apr 16, 2010 4:35am
Is this market/pairing exhibiting bullish or bearish sentiment/tendancies of late?? therefore are we more likely to buy the pullbacks or sell the tops hoping for a home run?

On of the geatest speculators of all time Jesse Livermore commented that a lot of traders get wiped out in the first and last 1/8th (ie trying to catch the top or bottom for a home run.) This is not to say that pullbacks do not occur as they obviously do but in a bullish market we must assume that is all they are until PA tells us different...it is the safest way to play, and then of course a pullback may present a cheaper buying opportunity??

Just one trader's thoughts,

G/L
ex member
  • #218,505
  • Apr 16, 2010 4:35am Apr 16, 2010 4:35am
Quoting kill56
hey bro how are u

cash in one for the road is not bad it keeps the fun lets enjoy the ride
I want to see Dixy hit 80 again today

Moved SL to 15430 to lock in 50 pips!
  • #218,506
  • Apr 16, 2010 4:36am Apr 16, 2010 4:36am
Quoting free4440273
thought u said u shorted earlier
I did, I trade daily ranges and average

1st short 5442 next short 5520 cos 5520 higher than current daily high (5508) continue to short every 35 pips

Also because current daily high - daily low approx 150 pips above strategy kicks in
  • #218,507
  • Apr 16, 2010 4:37am Apr 16, 2010 4:37am
Quoting OldReigatian
I did, I trade daily ranges and average

1st buy 5442 next buy 5520 cos 5520 higher than current daily high continue to short every 35 pips
  • #218,508
  • Apr 16, 2010 4:38am Apr 16, 2010 4:38am
Quoting bbakker
Very good thanks! Although the sheeeet is hitting the fan at work, so not much time for the thread today!
look at this

its not the hand indi the force
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 22 KB
  • #218,509
  • Apr 16, 2010 4:39am Apr 16, 2010 4:39am
this is the daily t/f atm,
Attached Image
ex member
  • #218,510
  • Apr 16, 2010 4:39am Apr 16, 2010 4:39am
Quoting free4440273
Apologies quoted buy meant short
  • #218,511
  • Apr 16, 2010 4:40am Apr 16, 2010 4:40am
Target 1.534

Or my signal reversed.......
Smile Chankl78
  • #218,512
  • Apr 16, 2010 4:42am Apr 16, 2010 4:42am
Quoting kill56
look at this

its not the hand indi the force
I got that on my chart too bro! Another day, another wedge!

Catch you later!
  • #218,513
  • Apr 16, 2010 4:43am Apr 16, 2010 4:43am
dixy update


1BB dixy is holding bro but its friday
Attached Image (click to enlarge)
Click to Enlarge Name: h1 dixy.gif Size: 21 KB
  • #218,514
  • Apr 16, 2010 4:44am Apr 16, 2010 4:44am
Quoting free4440273
Ive now edited so it reads correctly, hopefully now makes more sense
  • #218,515
  • Apr 16, 2010 4:51am Apr 16, 2010 4:51am
Quoting bbmac
this is the daily t/f atm,
Hi BBmac
Is that chart showing target above 58?
  • #218,516
  • Apr 16, 2010 4:53am Apr 16, 2010 4:53am
area down to 38.2% of the move up is first downside obstacle for the shorts?

price has stopped and pulled back just short of the 76.4% of 5509-5364

G/L
Attached Image
ex member
  • #218,517
  • Apr 16, 2010 4:56am Apr 16, 2010 4:56am
Quoting egkid
Hi BBmac
Is that chart showing target above 58?

I have no such target as am on a 1min/5min trigger so playing intraday only...sorry can't help on that one...
ex member
  • #218,518
  • Apr 16, 2010 4:57am Apr 16, 2010 4:57am
signs of exhaustion too early + unability to penetrate dp (till now) mmmmmmmmmm
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #218,519
  • Apr 16, 2010 5:00am Apr 16, 2010 5:00am
Quoting bbmac
I have no such target as am on a 1min/5min trigger so playing intraday only...sorry can't help on that one...
Ok i thought u put that as a target so thought to ask before i comment
  • #218,520
  • Apr 16, 2010 5:01am Apr 16, 2010 5:01am
Quoting kill56
dixy update


1BB dixy is holding bro but its friday
Nice chart
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