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Cable Update (GBPUSD)

  • #219,261
  • Apr 19, 2010 9:10am Apr 19, 2010 9:10am
Quoting 4xStar
She's looking like she wants to fill that gap .. and taking GY with her.
Currently both GU & UJ taking GY up..
  • #219,262
  • Apr 19, 2010 9:11am Apr 19, 2010 9:11am
Quoting bbakker
50% fib.
Yip and resistance on H4, am long biased until then. Riding the M5 waves, surf's up.
  • #219,263
  • Apr 19, 2010 9:11am Apr 19, 2010 9:11am
First Short Position has been activated @ 278 , Next will be @ 307 , if it

goes

higher...




  • #219,264
  • Apr 19, 2010 9:13am Apr 19, 2010 9:13am
Price had bounced off ascending ltl & even tho the D1 is not completed yet, we've bought cable & looking for 5380 level retest as the first target as this is deemed a high probability setup.
Let's see how this goes.

Earlier chart:
1. http://cdn.forexfactory.com/attachme...0&d=1271630035
Attached Image (click to enlarge)
Click to Enlarge Name: gudt.gif Size: 23 KB
Thank You
  • #219,265
  • Apr 19, 2010 9:13am Apr 19, 2010 9:13am
careful shorts -- this could go much higher still
  • #219,266
  • Apr 19, 2010 9:14am Apr 19, 2010 9:14am
Seems like ECAD has found resistance, looking to long @ about 1.3610..
  • #219,267
  • Apr 19, 2010 9:14am Apr 19, 2010 9:14am
Quoting bbakker
My SL is @15380
changed s/l to 5390...
@pawpaw1000 on Twitter
  • #219,268
  • Apr 19, 2010 9:16am Apr 19, 2010 9:16am
Quoting wormboy
Price had bounced off ascending ltl & even tho the D1 is not completed yet, we've bought cable & looking for 5380 level retest as the first target as this is deemed a high probability setup.
Let's see how this goes.

Earlier chart:
1. http://cdn.forexfactory.com/attachme...0&d=1271630035
I hate going against wormy!!!
@pawpaw1000 on Twitter
  • #219,269
  • Apr 19, 2010 9:17am Apr 19, 2010 9:17am
looks like i closed mine too soon...
i need to learn more about trailing (as i mentioned earlier in this thread)
but i feel secure with trailing stop as i get my back covered with that...

could anyone still suggest a better way then the trailing stops?
  • #219,270
  • Apr 19, 2010 9:18am Apr 19, 2010 9:18am
Quoting pawpaw1000
I hate going against wormy!!!

And fiddling with your SL's
  • #219,271
  • Apr 19, 2010 9:19am Apr 19, 2010 9:19am
would love to 5350!
  • #219,272
  • Apr 19, 2010 9:19am Apr 19, 2010 9:19am
let's close the gap and see from there.
+55 so fare with trailing stop.
But jumped in to early this morning so had big dd.
Wouldn't have kept it if no gap...
  • #219,273
  • Apr 19, 2010 9:22am Apr 19, 2010 9:22am
Seems like EU took off from its 61.8 fibo @ 1.3430. Let's see if we can get the 4h confirmed it. If it's confirmed, I think GU will at least retest 5350 & 5380 and eventually retest its high...
  • #219,274
  • Apr 19, 2010 9:23am Apr 19, 2010 9:23am
... if it hit .545 -watch for good short....... we will see... but just my view.... :nerd:
  • #219,275
  • Apr 19, 2010 9:24am Apr 19, 2010 9:24am
Quoting Dukeabout
... if it hit .545 -watch for good short....... we will see... but just my view.... :nerd:
5450 today??!!!
  • #219,276
  • Apr 19, 2010 9:25am Apr 19, 2010 9:25am
Quoting Dukeabout
... if it hit .545 -watch for good short....... we will see... but just my view.... :nerd:

That's 150 pips away, I will worry about that tomorrow. Let's take out Pawpaw's SL first and get to my target.
  • #219,277
  • Apr 19, 2010 9:27am Apr 19, 2010 9:27am
Quoting cloggie
And fiddling with your SL's
entered really small although I am now risking 4% of account

but hey, my analyses has been pointing to this move all of last week so I have to go with it no matter what others analyses tells them...

I was thinking 5330 would hold but I always make the stupid mistake of putting s/l above previous support instead of 2 back to be sure I dont get stopped...

Whats your view for the week cloggs?
@pawpaw1000 on Twitter
  • #219,278
  • Apr 19, 2010 9:30am Apr 19, 2010 9:30am
Quoting cloggie
That's 150 pips away, I will worry about that tomorrow. Let's take out Pawpaw's SL first and get to my target.
hey!!! dont do that! hehe...

Got 38.2 retracement at 5318 and 50% at 53577... looks like a nice bounce from 38.2 but will propably go to 50 like you sed...

mmm... Looking longer term, relax and stick to the plan...
@pawpaw1000 on Twitter
  • #219,279
  • Apr 19, 2010 9:30am Apr 19, 2010 9:30am
Quoting cloggie
That's 150 pips away, I will worry about that tomorrow. Let's take out Pawpaw's SL first and get to my target.
Sorry - meant .5405....... , that would be TL on H4
  • #219,280
  • Apr 19, 2010 9:31am Apr 19, 2010 9:31am
Quoting pawpaw1000
entered really small although I am now risking 4% of account

but hey, my analyses has been pointing to this move all of last week so I have to go with it no matter what others analyses tells them...

I was thinking 5330 would hold but I always make the stupid mistake of putting s/l above previous support instead of 2 back to be sure I dont get stopped...

Whats your view for the week cloggs?
you entered short too soon bro.. i think for short term trade, shorting @ 5350/5380 make more sense..
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