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Cable Update (GBPUSD)

  • #219,541
  • Apr 20, 2010 2:12am Apr 20, 2010 2:12am
seems the pond had a nice bounce off the 100 and 200Ema (4HR) for a quick long. Caught it at1.5307. The pound is talking my language and it is not English
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #219,542
  • Apr 20, 2010 2:13am Apr 20, 2010 2:13am
Quoting Emanuele
cable is going up guys, I would close your shorts if I were you.
  • #219,543
  • Apr 20, 2010 2:14am Apr 20, 2010 2:14am
Quoting USD-Bear
Short @ 1.5300 SL 1.5400
TP open
added short @ 1.535 changed SL to 1.5415 for both
Don't be a hero. Don't have an ego. Always question yourself
  • #219,544
  • Apr 20, 2010 2:16am Apr 20, 2010 2:16am
Quoting USD-Bear
added short @ 1.535 changed SL to 1.5415 for both
How are you so confident UB? This gap Makes me shite my pants...
@pawpaw1000 on Twitter
  • #219,545
  • Apr 20, 2010 2:16am Apr 20, 2010 2:16am
long and am 45 pips up moved s/l to b/e plus 10 pips. hoping for good cpi reading and a close of the gap t/p 1 is on the close of the gap. i am actually bearish but will now reconsider my short entry level (poss 61 fibo but will determine by p/a at the time ) as sterling looks like she's showing some resilience.
  • #219,546
  • Apr 20, 2010 2:17am Apr 20, 2010 2:17am
Caught 24 pips on the ride up.

Now Short at 5250 with HALF position. Fingers crossed peeeeeeps.

Ooooh greeeeeeenies
  • #219,547
  • Apr 20, 2010 2:18am Apr 20, 2010 2:18am
adding to shorts 5360
  • #219,548
  • Apr 20, 2010 2:18am Apr 20, 2010 2:18am
Should have stayed with my gut. Short stopped out at B/E and pending long triggered. Forget the shorts guys

Quoting Nene
I am treating this as a test of a Daily DTL. My call is X marks the spot provided we get a decent close short. Something is holding this up. If we do get a push down then 1.5075 area I will begin scaling in my buys. My little short is already stopped set at B/E so no loser if this thing decides to continue long with the long term trend.

Jim
  • #219,549
  • Apr 20, 2010 2:18am Apr 20, 2010 2:18am
Quoting cableboy
long and am 45 pips up moved s/l to b/e plus 10 pips. hoping for good cpi reading and a close of the gap t/p 1 is on the close of the gap. i am actually bearish but will now reconsider my short entry level (poss 61 fibo but will determine by p/a at the time ) as sterling looks like she's showing some resilience.
t 1 hit and have kept other half at b/e plus 10 pips watching p/a from now on for a longer term short entry most likely from the 395 area with s/l above 520 high
  • #219,550
  • Apr 20, 2010 2:19am Apr 20, 2010 2:19am
Morning guys.

Nice jump from 1.5290 to 1.5350+. Took a long (scalp) for 20 pips just now.

Entered small short at 1.5350. Will add at 1.5430 if it goes that high.

Is this positioning pre CPI news?

EDIT: TP at 1.5280
  • #219,551
  • Apr 20, 2010 2:19am Apr 20, 2010 2:19am
Quoting Emanuele
cable is going up guys, I would close your shorts if I were you.
Hopefully GU can sustain above 5380 and eventually retest its high..
  • #219,552
  • Apr 20, 2010 2:20am Apr 20, 2010 2:20am
Quoting cloggie
Even 5405 would be a tough one in my humble opinion, that would mean a move of 200 pips up for a Monday, that would need some catastrophic news to make it happen or a CBE intervention. Know about any more volcanoes we haven't heard about yet?
gap filled
Let see short soon?!
  • #219,553
  • Apr 20, 2010 2:21am Apr 20, 2010 2:21am
Quoting free4440273
adding to shorts 5360
you'r dam fast if you took 60 round manual cause only 2 tick touch it

I don't see bearish sign yet but this make sens.
Watch out for 1.54....

Take care!

Quoting Dukeabout
gap filled
Let see short soon?!
A little rant woud be: If you have no clue where price is going, you better not take a trade.
"Fly Kite Fly!"
  • #219,554
  • Apr 20, 2010 2:21am Apr 20, 2010 2:21am
Quoting cableboy
long and am 45 pips up moved s/l to b/e plus 10 pips. hoping for good cpi reading and a close of the gap t/p 1 is on the close of the gap. i am actually bearish but will now reconsider my short entry level (poss 61 fibo but will determine by p/a at the time ) as sterling looks like she's showing some resilience.
Didnt you just claim out with 17 pips?Which is it?
  • #219,555
  • Apr 20, 2010 2:22am Apr 20, 2010 2:22am
Quoting Zulu
you'r dam fast if you took 60 round manual cause only 2 tick touch it
my trigger - not yours
  • #219,556
  • Apr 20, 2010 2:23am Apr 20, 2010 2:23am
my bad i see somebody has your avatar
  • #219,557
  • Apr 20, 2010 2:23am Apr 20, 2010 2:23am
another bull trap perhaps.. wash n rinse... not convince this is a new trend built.. but keep looking at 5500 and 5200 level before saying the uptrend emerges... for me it's still in bear territory.
Be a sniper not a jumper
  • #219,558
  • Apr 20, 2010 2:25am Apr 20, 2010 2:25am
Quoting pawpaw1000
How are you so confident UB? This gap Makes me shite my pants...

Gap closing not that far away, part of my plan, waiting for gap-closing is too easy so I think reversal indicated by yesterday's break of LTL @ 1.5465 of daily uptrend starts earlier.....

Off course I could be deadly wrong.....
Don't be a hero. Don't have an ego. Always question yourself
  • #219,559
  • Apr 20, 2010 2:27am Apr 20, 2010 2:27am
exit 5343
  • #219,560
  • Apr 20, 2010 2:28am Apr 20, 2010 2:28am
i am long here TP 366 or 380
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