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Cable Update (GBPUSD)

  • #219,661
  • Apr 20, 2010 4:38am Apr 20, 2010 4:38am
Quoting pawpaw1000
hey wormy, I'm coming down to southern africa in june and I'm coming to find u... just to steal your knowledge though

Nice call mate, Maybe we seen the top of this up move And I can still get something outta this day...

Dont think so though...
thanks

eyes on dx. 80.73 is key, if dx keep sliding than no, you have not seen the top. Probably will creep up slowly because of eu, but it'll still creep up. If 80.73 supp holds, and bounce than your short might have a chance.
So keep an eye on dx. No need for guesses
Thank You
  • #219,662
  • Apr 20, 2010 4:39am Apr 20, 2010 4:39am
Quoting cloggie
I am flat now having closed all my longs, I am looking to short here. Am watching the PA interaction with this 548-549 zone before taking a direction. So all is not lost yet pawpaw. A close above this zone will see 55 again.
Cloggie did u mean 538-539 we are still in the 300's
Let us know the direction when you take a position.
thanks in advance
  • #219,663
  • Apr 20, 2010 4:41am Apr 20, 2010 4:41am
Quoting A-speculator
If you have the luxury to monitor the price, watch how price reacts towards that level. It might be 10pips above or 10 pips below.. Just to be sure that you will get the best price..
New here....been reading your post, studying and comparing with what's going on.......you're quite a speculator.

Just my way in saying hello.
  • #219,664
  • Apr 20, 2010 4:41am Apr 20, 2010 4:41am
Quoting Honored
Cloggie did u mean 538-539 we are still in the 300's
Let us know the direction when you take a position.
thanks in advance

Aiy, changed it. IF the dixy continues to slide and we see a close on at least M15/M30 above the zone we will be playing the 538-55 range again like last week.
  • #219,665
  • Apr 20, 2010 4:42am Apr 20, 2010 4:42am
Quoting tech niche
I have taken a new short position @ 5380
should i stay with it
the question you should be asking is - If i ask for advice on my trades on forums should i trade with real account?....

sorry just the way it is, sharing ideas here is fine but if you find yourself looking for advise it means you are not ready yet this comes from personal experience..

before you entered that trade you should;ve asked youself how much you weere willing to lose then you just set your stop and watch how it plays out.
  • #219,666
  • Apr 20, 2010 4:42am Apr 20, 2010 4:42am
1hr moving up(so far) in an ascending channel off yesterday's 5190 area lows.

G/L

http://i39.tinypic.com/29w7sxs.jpg
ex member
  • #219,667
  • Apr 20, 2010 4:43am Apr 20, 2010 4:43am
Uhm I'm looking for a short. Still waiting, it seems to keep flying high...
  • #219,668
  • Apr 20, 2010 4:44am Apr 20, 2010 4:44am
Quoting pawpaw1000
Hey Lion, what your indicators telling you here mate? looks like my shorts are cooked! really thought we would go down below 5330 but this darn cable is sooo stubborn!
well cable went from 5325 to 5285, got rejected and went back to hit my SL @ 5325 while i was sleeping

for a valid short break of xx85 is required and for a valid long a break of xx25 is required, that is the general rule

doesn't matter 25 pips can be regained anytime, its peanuts
  • #219,669
  • Apr 20, 2010 4:45am Apr 20, 2010 4:45am
looks like big boys abandoned cable and went to play somewehre else
  • #219,670
  • Apr 20, 2010 4:46am Apr 20, 2010 4:46am
short 5395
  • #219,671
  • Apr 20, 2010 4:47am Apr 20, 2010 4:47am
Quoting forexlion
well cable went from 5325 to 5285, got rejected and went back to hit my SL @ 5325 while i was sleeping

for a valid short break of xx85 is required and for a valid long a break of xx25 is required, that is the general rule

doesn't matter 25 pips can be regained anytime, its peanuts
well, been thinking that after that gap there were ALOT of people who went short and would have placed Stops above 5380... Could have just been a move to shake out all the shorts, get the boys long and drop it like its hot?

Or it could've just been that we are still in a bull mode longer term...

Just putting some conspiracy theories out there... Got both s/l's at 5420...

EDIT: BOUNCED REALLY HARD FROM THE 5413 LEVEL!!!
@pawpaw1000 on Twitter
  • #219,672
  • Apr 20, 2010 4:50am Apr 20, 2010 4:50am
hey pawpaw, check your pm's .......

  • #219,673
  • Apr 20, 2010 4:51am Apr 20, 2010 4:51am
Quoting cloggie
Aiy, changed it. IF the dixy continues to slide and we see a close on at least M15/M30 above the zone we will be playing the 538-55 range again like last week.
got dixy at 80.90 now, need it above 81 to save my short... COMEON!!!
@pawpaw1000 on Twitter
  • #219,674
  • Apr 20, 2010 4:54am Apr 20, 2010 4:54am
Quoting tech niche
I have taken a new short position @ 5380
should i stay with it
Still believe in short but better confirmation at .5350 and b below targetting .5250 at first instance.
  • #219,675
  • Apr 20, 2010 4:58am Apr 20, 2010 4:58am
Quoting clem699
Still believe in short but better confirmation at .5350 and b below targetting .5250 at first instance.
5350? or 5450
  • #219,676
  • Apr 20, 2010 5:00am Apr 20, 2010 5:00am
PP, Hey bro why short right now? Did you see the positive news? Cable and Fibre. Risk appetite back, news helps and Gold Rising.
Quoting pawpaw1000
got dixy at 80.90 now, need it above 81 to save my short... COMEON!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #219,677
  • Apr 20, 2010 5:01am Apr 20, 2010 5:01am
Quoting sensei
hey pawpaw, check your pm's .......

thanks sensei, I have replied by e-mail also...

Thanks SOO much.
@pawpaw1000 on Twitter
  • #219,678
  • Apr 20, 2010 5:03am Apr 20, 2010 5:03am
With you pawpaw on short 1.539 with similar sl, can't sit round longer things to do.
Look after it for me will you.... stare at the screen and use the power of positive thinking.... you must use that visualisation psychology in your rugby!!
  • #219,679
  • Apr 20, 2010 5:04am Apr 20, 2010 5:04am
Quoting pawpaw1000
thanks sensei, I have replied by e-mail also...

Thanks SOO much.
Love letter
  • #219,680
  • Apr 20, 2010 5:04am Apr 20, 2010 5:04am
Quoting XTrade
PP, Hey bro why short right now? Did you see the positive news? Cable and Fibre. Risk appetite back, news helps and Gold Rising.
Nah brother, shorted at 5267 already and added at 5360...

So I'm already in for a LOOONG time and am now near my s/l's...
@pawpaw1000 on Twitter
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