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Cable Update (GBPUSD)

  • #219,061
  • Apr 19, 2010 1:37am Apr 19, 2010 1:37am
hello all. i see many are salivating at the london market open.

waiting for the market to hit my 518 entry else will sell into any short covers above 5310
  • #219,062
  • Apr 19, 2010 1:38am Apr 19, 2010 1:38am
Hi Everybody

What's up with the 5m way too choppy. Perhaps because there's no real news? Or are we waiting for London to move it?
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #219,063
  • Apr 19, 2010 1:38am Apr 19, 2010 1:38am
There is a nice 1 hr hammer that formed 35 minutes ago at the S2 Weekly pivot. The MACD is looking like a cross is coming. This next 30 minutes is a key 1 hr candle. We shall see.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
  • #219,064
  • Apr 19, 2010 1:39am Apr 19, 2010 1:39am
The 5 min T/F would give me a headache with this mess.



Quoting Jns
Hi Everybody

What's up with the 5m way too choppy. Perhaps because there's no real news? Or are we waiting for London to move it?
  • #219,065
  • Apr 19, 2010 1:46am Apr 19, 2010 1:46am
Quoting forexlion
yeah i was embarassed to post it, so i deleted it

but if you are ok with it, here you go

http://www.youtube.com/watch?v=BQUiwxPU8l0
as i said to you...,i could not see your pic cos it's blocked by my prox-y (see, i even could not write that word..,how pity i'm... )
good luck too you and all traders here...


ps: i'm out..this is not in my plan now.
egkid maybe right.
I will be the number one Manager.
  • #219,066
  • Apr 19, 2010 1:47am Apr 19, 2010 1:47am
1 ) trend is your friend... why would anyone not wait for a retrace and sell into that

2) Those who try and pick bottoms end up with stinky finger and no money
Blogging daily now at www.volume.zone
  • #219,067
  • Apr 19, 2010 1:52am Apr 19, 2010 1:52am
We are going to hit some strong supports at london open , let's see what happen.
Never Trade without a defined risk, never, never, never.
  • #219,068
  • Apr 19, 2010 1:56am Apr 19, 2010 1:56am
Quoting malcolmb14
1 ) trend is your friend... why would anyone not wait for a retrace and sell into that

2) Those who try and pick bottoms end up with stinky finger and no money


ive already been burnt once picking a bottom am gonna wait fro retrace sterling looks weak
  • #219,069
  • Apr 19, 2010 2:22am Apr 19, 2010 2:22am
Quoting cableboy


ive already been burnt once picking a bottom am gonna wait fro retrace sterling looks weak
shhhh quiet

Inserted Video
  • #219,070
  • Apr 19, 2010 2:23am Apr 19, 2010 2:23am
Quoting forexlion
shhhh quiet
Looks like everyone blew up there account with all the longs on friday
  • #219,071
  • Apr 19, 2010 2:28am Apr 19, 2010 2:28am
Quoting Honored
Looks like everyone blew up there account with all the longs on friday
and to think everyone was thrashing egkid on his short calls
  • #219,072
  • Apr 19, 2010 2:30am Apr 19, 2010 2:30am
trend is still bearish rite ?
i already closed my short at 5287 with 95 pips
  • #219,073
  • Apr 19, 2010 2:30am Apr 19, 2010 2:30am
Quoting cableboy


ive already been burnt once picking a bottom am gonna wait fro retrace sterling looks weak
looks like strong down channel testing support

GU has completed its daily range of 130 pip already.

hulls moving average (setting 30 ) on 60 still red .. no longs yet for me just selling rallies

I was expecting a retrace but nothing yet

Attached Image (click to enlarge)
Click to Enlarge Name: chart2101.png Size: 115 KB
Blogging daily now at www.volume.zone
  • #219,074
  • Apr 19, 2010 2:30am Apr 19, 2010 2:30am
Sterling is ultra weak today. i dont see this thing retracing today and cable loves to stay around in this area of 5240/50
Be back in the US session.
  • #219,075
  • Apr 19, 2010 2:31am Apr 19, 2010 2:31am
data is light today so be careful folks; Bernanke speaking later 2.00pm GMT
  • #219,076
  • Apr 19, 2010 2:38am Apr 19, 2010 2:38am
Here is my idea:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 33 KB
  • #219,077
  • Apr 19, 2010 2:40am Apr 19, 2010 2:40am
Morning peeps. Hope all had a good weekend.
Bearish with E/U and Neutral to Bearish with G/U.
Seen no real signals so staying out of the game and getting on with other things. Check in in a couple of hours but feel could be playing a slow range game this week.
  • #219,078
  • Apr 19, 2010 2:45am Apr 19, 2010 2:45am
Quoting malcolmb14
looks like strong down channel testing support

GU has completed its daily range of 130 pip already.

hulls moving average (setting 30 ) on 60 still red .. no longs yet for me just selling rallies

I was expecting a retrace but nothing yet

Attachment
Perhaps you should look at EU, 1.3430 is the fib 61.8 from the right leg of the double bottom, just took a long @ 1.3450 quite a risky trade (~20 pip drawdown ) .. anyway, no long for me either for GU & GJ (the pound) yet.
  • #219,079
  • Apr 19, 2010 2:51am Apr 19, 2010 2:51am
switching to the more volatile eur/yen.
  • #219,080
  • Apr 19, 2010 2:57am Apr 19, 2010 2:57am
my buy activated ...

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