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Cable Update (GBPUSD)

  • #219,241
  • Apr 19, 2010 8:23am Apr 19, 2010 8:23am
Quoting Fudomyo
is a logical exit point. nice trading BB.
Cheers Fyo, I would not have closed it if it wasn't for the negative correlation in EUR. EUR getting ready to crash through resistence level.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #219,242
  • Apr 19, 2010 8:24am Apr 19, 2010 8:24am
Quoting bbakker
All open proxies blocked.... well I do work for a software company in the IT industry! Need to get my thinking hat on to bypass this. I will get there people... I have plenty of tricks up my sleeve!
Ah I see... the least that can be done, I think is connecting to your home computer via virtual desktop, if everyelse fail..
  • #219,243
  • Apr 19, 2010 8:27am Apr 19, 2010 8:27am
Quoting A-speculator
We are making new high with no lower low, in 4h and daily, I wouldn't call it a downtrend as yet. Still bullish bias..
What would you consider a new lower low, 5130 or as low as 4800?

MACD has gone negative on the h4, although still positive on the d1.

Maybe I was a little eager to call it a downtrend and maybe I am jumping the gun a little. You are right to say that I should really wait for confirmation of that!
  • #219,244
  • Apr 19, 2010 8:28am Apr 19, 2010 8:28am
enjoy the rang while it last no break no shack
Attached Image (click to enlarge)
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  • #219,245
  • Apr 19, 2010 8:28am Apr 19, 2010 8:28am
Quoting A-speculator
Ah I see... the least that can be done, I think is connecting to your home computer via virtual desktop, if everyelse fail..
My Win7 Home Premium does not have RDP, but does have Remote Assistance.

I will get there.... with a bit of jiggling!
  • #219,246
  • Apr 19, 2010 8:33am Apr 19, 2010 8:33am
Quoting mkrajaci
New wife New idea:

Attachment
great chart
  • #219,247
  • Apr 19, 2010 8:38am Apr 19, 2010 8:38am
Quoting bbakker
What would you consider a new lower low, 5130 or as low as 4800?

MACD has gone negative on the h4, although still positive on the d1.

Maybe I was a little eager to call it a downtrend and maybe I am jumping the gun a little. You are right to say that I should really wait for confirmation of that!
Look at my chart and the fibo levels (I only drawn the 4h TF levels, if you want more accurate results, the level should be drawn from highest possible TF to say 4h to see where the level/levels confluence).

As you can see clearly in 4h, we didn't even test the 50% level where the price for low of current rally. Since price making a long tailed hammer towards the level, the best price to enter is after the high of the hammer breaks (next candle closed above the high) and pending buy position few pips from the hammer high. At least thats how I will take the trade. Sometimes you might miss the trade but that how this game is, don't chase the price..
  • #219,248
  • Apr 19, 2010 8:38am Apr 19, 2010 8:38am
forgot chart..
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  • #219,249
  • Apr 19, 2010 8:44am Apr 19, 2010 8:44am
Quoting bbakker
My Win7 Home Premium does not have RDP, but does have Remote Assistance.

I will get there.... with a bit of jiggling!
Well, anyway.. that is your last resort.. best way to trade is to find a direct internet connection..
  • #219,250
  • Apr 19, 2010 8:52am Apr 19, 2010 8:52am
Depends on how much the account is drawn down.

Quoting lexazver
when you scale iin do you increse your position size?

what is you % SL if price goes to it?
  • #219,251
  • Apr 19, 2010 8:53am Apr 19, 2010 8:53am
I am now short as I believe we have broken daily tl and all the support I said I was looking at... I have s/l above 1.5335 and t/p 48000... will add at 5320 if we get there...
@pawpaw1000 on Twitter
  • #219,252
  • Apr 19, 2010 8:56am Apr 19, 2010 8:56am
Sure Looks like an uptrend to me???

Jim

Quoting bbakker
I added to my short blindly @15260. Hey people, we are in a downtrend. I'd rather sell than be buying right now
Attached Image(s) (click to enlarge)
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  • #219,253
  • Apr 19, 2010 9:02am Apr 19, 2010 9:02am
Quoting Nene
Sure Looks like an uptrend to me???

Jim
You may be right... time will tell!
  • #219,254
  • Apr 19, 2010 9:03am Apr 19, 2010 9:03am
Quoting pawpaw1000
I am now short as I believe we have broken daily tl and all the support I said I was looking at... I have s/l above 1.5335 and t/p 48000... will add at 5320 if we get there...
i think we might get to 5350.. if that resistance taken out, i expect we challenge the high..
  • #219,255
  • Apr 19, 2010 9:06am Apr 19, 2010 9:06am
She's looking like she wants to fill that gap .. and taking GY with her.
******************* I'd rather make money than be right.
  • #219,256
  • Apr 19, 2010 9:08am Apr 19, 2010 9:08am
Quoting xPrav
my tp will be 5280 and trailing after that, else BE
imo...trailing took me to 52837
  • #219,257
  • Apr 19, 2010 9:08am Apr 19, 2010 9:08am
Quoting bbakker
You may be right... time will tell!
I got my eye on 53463
  • #219,258
  • Apr 19, 2010 9:09am Apr 19, 2010 9:09am
Quoting pawpaw1000
I am now short as I believe we have broken daily tl and all the support I said I was looking at... I have s/l above 1.5335 and t/p 48000... will add at 5320 if we get there...
My SL is @15380
  • #219,259
  • Apr 19, 2010 9:09am Apr 19, 2010 9:09am
Quoting Nene
Sure Looks like an uptrend to me???

Jim


ST target....
Attached Image (click to enlarge)
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  • #219,260
  • Apr 19, 2010 9:10am Apr 19, 2010 9:10am
Quoting cloggie
I got my eye on 53463
50% fib.
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