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Cable Update (GBPUSD)

  • #220,121
  • Apr 21, 2010 7:50am Apr 21, 2010 7:50am
Bouncing between the 5ma and 50ma on the 5min chart. Looks like the Bulls are gonna win with a nice push upwards. Hopefully!! *does a little dance*

Either that or we'll end up witha dirty head and shoulders on the M15 and that will really upset my day!
  • #220,122
  • Apr 21, 2010 7:58am Apr 21, 2010 7:58am
i have taken long position at 92
tp for 1 lot 20 and for next 35

is it ryt
  • #220,123
  • Apr 21, 2010 8:01am Apr 21, 2010 8:01am
Where has all the money gone ??????
Face both Win and Lose bravely
  • #220,124
  • Apr 21, 2010 8:04am Apr 21, 2010 8:04am
malcolm : dx @81.3 how do you interpret the huge volume? Do you see that as selling, or something else?
That's what I get with ad, would like an opinion from vsa standpoint.

Thanks.
Thank You
  • #220,125
  • Apr 21, 2010 8:05am Apr 21, 2010 8:05am
I see two dojis on the H1 chart. Reversal?
  • #220,126
  • Apr 21, 2010 8:05am Apr 21, 2010 8:05am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
....stuck between 5360 and 5405 (..roughly..) ....maybe last IMF comments ( ..."full-blown sovereign debt crisis possible if left unchecked"...) will give as some reaction......
  • #220,127
  • Apr 21, 2010 8:07am Apr 21, 2010 8:07am
does anybody know what's up with the stock market today, it's after 10am I can't get any quotes anywhere. is something freaky going on?
"The real genius is knowing when to stop." - Marc Faber
  • #220,128
  • Apr 21, 2010 8:10am Apr 21, 2010 8:10am
Quoting Emanuele
I see two dojis on the H1 chart. Reversal?
It looks like the big down bar (30mn) followed by doji - inverted hammer might indicated a potential reversal
It seems to be some test of the upside without strenght
But the thing i don't like is that we're in a uptrend so it's still dangerous
COT: The precious data ignored
  • #220,129
  • Apr 21, 2010 8:11am Apr 21, 2010 8:11am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting hhitch
does anybody know what's up with the stock market today, it's after 10am I can't get any quotes anywhere. is something freaky going on?
...ftse100 : -42/0.7% ; cac -23 , 0.5% , Dax -11 , 0.18% ....nothing much...
  • #220,130
  • Apr 21, 2010 8:13am Apr 21, 2010 8:13am
Quoting melba
...ftse100 : -42/0.7% ; cac -23 , 0.5% , Dax -11 , 0.18% ....nothing much...
thanks... I'm looking for SP500 and Dow Jones for April 21 if you have them...
"The real genius is knowing when to stop." - Marc Faber
  • #220,131
  • Apr 21, 2010 8:13am Apr 21, 2010 8:13am
lets see if the 200ema hold in m15
  • #220,132
  • Apr 21, 2010 8:15am Apr 21, 2010 8:15am
Quoting melba
...ftse100 : -42/0.7% ; cac -23 , 0.5% , Dax -11 , 0.18% ....nothing much...
I guess they're opening late today for some reason... I usually expect them at 9:30 EST...
"The real genius is knowing when to stop." - Marc Faber
  • #220,133
  • Apr 21, 2010 8:20am Apr 21, 2010 8:20am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting hhitch
thanks... I'm looking for SP500 and Dow Jones for April 21 if you have them...
....it opens in 10 min ...but futures are slightly down...-8pts on dow ...nasdaq fut + 11 , 0.5%.....the apple effect..
  • #220,134
  • Apr 21, 2010 8:21am Apr 21, 2010 8:21am
Quoting melba
....it opens in 10 min ...but futures are slightly down...-8pts on dow ...nasdaq fut + 11 , 0.5%.....the apple effect..
thanks Melba
"The real genius is knowing when to stop." - Marc Faber
  • #220,135
  • Apr 21, 2010 8:23am Apr 21, 2010 8:23am
the chart
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 25 KB
  • #220,136
  • Apr 21, 2010 8:28am Apr 21, 2010 8:28am
Quoting hhitch
I guess they're opening late today for some reason... I usually expect them at 9:30 EST...
Time changed several weeks back. It is now 9:30 and about to open (not 10:30)

Good luck with your trades today!
  • #220,137
  • Apr 21, 2010 8:30am Apr 21, 2010 8:30am
Ok here's my take and all the credit has to go to actionforex.

We are now in position to see last rally up to 1.5480ish which will be a 150 pip rise from 1.5530 tp 1.5480. 150 pip move is often followed by a sharp retracement of at least 100 pips.

AF state that they expect the up rally to be contained below 1.55 before pullback to 1.5285ish area.

So, I am going long (small) up to 1.5465 tp. Then I am going to trade a short to 1.53.

This outlook seems to correlate with the inverse on EG where consolidation pattern is due to complete around .8610-.8660 before strong rally upwards.

GL everybody. Keep collecting those pips
  • #220,138
  • Apr 21, 2010 8:35am Apr 21, 2010 8:35am
Quoting Piptaker
Time changed several weeks back. It is now 9:30 and about to open (not 10:30)

Good luck with your trades today!

hmmmm.... oh yeah! shucks I had my clock set wrong! darn thing's been acting up on my computer, I think I need a new CMOS battery. Sorry to bother everyone about it
"The real genius is knowing when to stop." - Marc Faber
  • #220,139
  • Apr 21, 2010 8:36am Apr 21, 2010 8:36am
Quoting tech niche
i have taken long position at 92
tp for 1 lot 20 and for next 35

is it ryt
is tp level too low ... should i extend it
  • #220,140
  • Apr 21, 2010 8:39am Apr 21, 2010 8:39am
Quoting tech niche
is tp level too low ... should i extend it
tp @1.56 if you have the patience. Just don't forget to lock your trade once in profit
Thank You
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