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Cable Update (GBPUSD)

  • #220,101
  • Apr 21, 2010 7:04am Apr 21, 2010 7:04am
I am calling this a Harami, a little small, but close enough. Keep in mind its only a 1 hr

Jim
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  • #220,102
  • Apr 21, 2010 7:06am Apr 21, 2010 7:06am
Quoting Nene
I am calling this a Harami, a little small, but close enough. Keep in mind its only a 1 hr

Jim
yeah possible doji reversal
"The real genius is knowing when to stop." - Marc Faber
  • #220,103
  • Apr 21, 2010 7:07am Apr 21, 2010 7:07am
Quoting Nene
starting my buying spree now, nice spinner
Will you TP at 5440 or ride it further to new highs?
  • #220,104
  • Apr 21, 2010 7:10am Apr 21, 2010 7:10am
Quoting keithbridges
Hi all here is an extract that you may all find interesting it was originally posted on Money Week Blog by Tom Bulford.

http://www.moneyweek.com/investment-...ion-01607.aspx

In 1981 the New Yorker magazine published a cartoon. It showed a man watching the evening news on television. Here is what the newsreader was saying:
[color=blue][size=3][font=Times New Roman]"On Wall Street today, news of lower interest rates sent the stock market up,...
this is also from New York in the old days.
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  • #220,105
  • Apr 21, 2010 7:11am Apr 21, 2010 7:11am
Quoting Hansie
Still working on the confidence to post more regular
H, quality charting and anlysis is what we need here. You post has that standard from what i can see with your last post. As for the other 90% of posts that goes on here, better of been in my junk mail.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #220,106
  • Apr 21, 2010 7:12am Apr 21, 2010 7:12am
5380 seems to be holding... adding small long sl 5360
  • #220,107
  • Apr 21, 2010 7:13am Apr 21, 2010 7:13am
so choppy
us markets open soon. hope it will take a direction soon
  • #220,108
  • Apr 21, 2010 7:24am Apr 21, 2010 7:24am
done shorting £ - switching to eur/yen
  • #220,109
  • Apr 21, 2010 7:25am Apr 21, 2010 7:25am
i m looking to buy at 5380... what say?
  • #220,110
  • Apr 21, 2010 7:27am Apr 21, 2010 7:27am
Quoting pivotrader
so choppy
us markets open soon. hope it will take a direction soon
usa futures weak on Boeing ..

Recent earnings include a 20 cents-a-share charge for the loss of a tax deduction related to changes in federal healthcare law.
  • #220,111
  • Apr 21, 2010 7:29am Apr 21, 2010 7:29am
Have just bought @ 5385 looking back toward R1 @ 5440
  • #220,112
  • Apr 21, 2010 7:31am Apr 21, 2010 7:31am
Quoting jackdan
just reached the area. May i ask for your reasons?


A chart maybe? i personally expect a bounced back up into the last 15 days range.

cheers
Hi Jack,

Sorry, I don't do charts. I have a day job and the time you need to invest in them I just couldn't afford.

I work to daily ranges of highs and lows and tally that alongside reports on actionforex.

The gap between the today's daily high and low at .8685 is approx 70 pips movement which is pretty normal for for eg. Also, ActionForex state that consolidation pattern due to complete around the .8630 area and they are fairly reliable. In any case, as I say, I trade on average price and take my profit when I reach 40 pips against the average price and I am quite confident I will make this target over the coming few days.

Hope this helps
  • #220,113
  • Apr 21, 2010 7:33am Apr 21, 2010 7:33am
http://www.edupics.com/rocket-liftoff-t7222.jpg
  • #220,114
  • Apr 21, 2010 7:34am Apr 21, 2010 7:34am
Uhm, I see a lot of you are scalping shorts. I may add some short to my daily long just to spice up things a bit.
  • #220,115
  • Apr 21, 2010 7:34am Apr 21, 2010 7:34am
5460 next?
  • #220,116
  • Apr 21, 2010 7:42am Apr 21, 2010 7:42am
Quoting free4440273
5460 next?
Not a bad shout, I'm going to close at around 1.5450 as this is just short of 150 pips move of low to high for the day.
  • #220,117
  • Apr 21, 2010 7:44am Apr 21, 2010 7:44am
Quoting OldReigatian
Not a bad shout, I'm going to close at around 1.5450 as this is just short of 150 pips move of low to high for the day.
really? I was thinking circa 100 pips..
  • #220,118
  • Apr 21, 2010 7:45am Apr 21, 2010 7:45am
bought at 5391. Will buy more if it dips back again.
  • #220,119
  • Apr 21, 2010 7:47am Apr 21, 2010 7:47am
Quoting free4440273
really? I was thinking circa 100 pips..
need to break 5404 to convince me to go long...

Cheers all, gl!
@pawpaw1000 on Twitter
  • #220,120
  • Apr 21, 2010 7:47am Apr 21, 2010 7:47am
well, well no close below 5350 yet.. think i might need to wait a bit longer . Manage to get in with the loonie pairs.

same plan, looking fwd @ 5250 & no short..

we are closing in the utl.. imho..
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