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Cable Update (GBPUSD)

  • #220,441
  • Apr 22, 2010 5:27am Apr 22, 2010 5:27am
Quoting kill56
bro plz take it easy on him we all make mistakes


how are i hope u had a greeny trades

Oh I don't care about the mistake we all make them, me included. I just didn't like how he shot down everyone who was short including pawpaw. If you disagree with someone, which you are perfectly entitled to, there is no need to shoot everyone down who has an opposing opinion, that will eventually keep especially the noobs from contributing to this thread. Wormy was opposed to pawpaw's view but was nice about it and wished him luck. We need to have an inviting thread here so others can and will post opposing views.
  • #220,442
  • Apr 22, 2010 5:31am Apr 22, 2010 5:31am
Aww, stop loss hit. Well at least I did not loose money.
It's going way down... crap.
  • #220,443
  • Apr 22, 2010 5:33am Apr 22, 2010 5:33am
Quoting Emanuele
Aww, stop loss hit. Well at least I did not loose money.
It's going way down... crap.

Don't worry, 538 is a big line in the sand that has been in play for over a month, I closed my short just above the pivot and don't care too much that she went further South, a win is a win. It will take quite a bit for PA to pierce 538, if she does 53463 is next, however I expect her to rise back to the 55 area. Give it a bit of time and let the PA show you the direction. H1 150ma corresponds with the pivot and 538, lots of support here.
  • #220,444
  • Apr 22, 2010 5:34am Apr 22, 2010 5:34am
Quoting cloggie
Oh I don't care about the mistake we all make them, me included. I just didn't like how he shot down everyone who was short including pawpaw. If you disagree with someone, which you are perfectly entitled to, there is no need to shoot everyone down who has an opposing opinion, that will eventually keep especially the noobs from contributing to this thread. Wormy was opposed to pawpaw's view but was nice about it and wished him luck. We need to have an inviting thread here so others can and will post opposing views.


“We come nearest to the great when we are great in humility.”

  • #220,445
  • Apr 22, 2010 5:38am Apr 22, 2010 5:38am
Quoting bbakker


“We come nearest to the great when we are great in humility.”
  • #220,446
  • Apr 22, 2010 5:40am Apr 22, 2010 5:40am
Quoting A-speculator
Nope.. that retracement is too small for 4h TF.. perhaps in the area of 5250-5300..
OK, i see, you seem to be more of a longer term trend trader then. 4H charts are reliable, good for direction, hope it gets there and I'll be going long around there as well but going to short intraday down to there, will see what the market gives us.
Just my 2 cents worth
  • #220,447
  • Apr 22, 2010 5:42am Apr 22, 2010 5:42am
Weekly PP and Daily PP been breached,i hope all the longs had tight stops.
  • #220,448
  • Apr 22, 2010 5:42am Apr 22, 2010 5:42am
Attached Image
  • #220,449
  • Apr 22, 2010 5:43am Apr 22, 2010 5:43am
Quoting Guy Mann
OK, i see, you seem to be more of a longer term trend trader then. 4H charts are reliable, good for direction, hope it gets there and I'll be going long around there as well but going to short intraday down to there, will see what the market gives us.
Ok mate.. I'll be waiting down there then..

Safe trade bro..
  • #220,450
  • Apr 22, 2010 5:46am Apr 22, 2010 5:46am
H4 is becoming bearish. I closed all my longs from the last days. It goes up and down around 1.538 which matches my pivot on the chart.

Let's wait...
  • #220,451
  • Apr 22, 2010 5:49am Apr 22, 2010 5:49am
Hi all,

Just be careful.. short in the way.. GBPx haven't drop. If we see at H4 the stoch has just cross & i believe i will cause more damage to GU soon..
  • #220,452
  • Apr 22, 2010 5:50am Apr 22, 2010 5:50am
on m5 we have ema1440 holding and on m15 we have the ema 600

if we pass those cable will be in deep cold 15370's

u might be wrong
  • #220,453
  • Apr 22, 2010 5:54am Apr 22, 2010 5:54am
Quoting digger1
Well traders after a nice little bounce before news we are left with this , we get above the news spike I would try some longs , 1st resistence would be previous high , wormies got some tgts beyound tht , if we drop below, shorts may be in order even more so if we stay below todays open price . Weekly pivot may be hard to get back thru , beyond tht my daily pivot at 1.5393 is an area to wacth for support , if that gets chewed thru 1.5378 is a tgt and 1.5340 area would be my last daily tgt...
Digger,

Once it broke below today's open price (NY close/
open @1.5408) it has taken out your daily pivot
(1.5393) and is "chewing" at the 1.5378 level.

I took a short once it dropped below and then retested
the NY close/open (1.5408) for 20 pips.

Trading with the trend is everyone's call but trading
with a continual awareness of the open price and
letting it set the trend direction is uniquely yours.

It's taken my game to the next level.

We should call you the wizard.

Dr. D.
voodooboodoodoc
  • #220,454
  • Apr 22, 2010 5:58am Apr 22, 2010 5:58am
Quoting kill56
on m5 we have ema1440 holding and on m15 we have the ema 600

if we pass those cable will be in deep cold 15370's

u might be wrong

Yeah I use ma's for change of direction and identification of consolidation areas too, mainly use 25-150-365 on cable. 365 on M30, 150 on H1 both indicate to me that we have reached an area of consolidation/continuation; only a solid close of M30/H1 will continue my short bias to 53463. A close above the current area tells me we are in a consolidation and expect a return to 55. I am flat now and may have to wait quite a bit for my second trade of the day on cable.
  • #220,455
  • Apr 22, 2010 6:05am Apr 22, 2010 6:05am
Quoting cloggie
Yeah I use ma's for change of direction and identification of consolidation areas too, mainly use 25-150-365 on cable. 365 on M30, 150 on H1 both indicate to me that we have reached an area of consolidation/continuation; only a solid close of M30/H1 will continue my short bias to 53463. A close above the current area tells me we are in a consolidation and expect a return to 55. I am flat now and may have to wait quite a bit for my second trade of the day on cable.


look at this chart bro the lines from last night sma's 50 100 200
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 22 KB
  • #220,456
  • Apr 22, 2010 6:06am Apr 22, 2010 6:06am
Quoting kill56


look at this chart bro the lines from last night
Is that red one your 1440? I don't go over 365 for cable and never use Stoch's or Macd. Since 538 is holding am now looking to enter long in the next hour or so target 55
  • #220,457
  • Apr 22, 2010 6:10am Apr 22, 2010 6:10am
Reactionary levels reached, m5 cross, 24x200, bottomside target area reached.

Quick couple take for longs, and waiting on the 5m signal for another attack at bottom, or to see if this is where we hold.
Attached Image (click to enlarge)
Click to Enlarge Name: cam2.jpg Size: 142 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #220,458
  • Apr 22, 2010 6:11am Apr 22, 2010 6:11am
Quoting cloggie
Time to eat your words and to stop having a go at everyone who has an opinion opposite to yours. The words humble pie come to mind. Guess you got stopped out on both your fibre and cable longs, you spend 3 pages shooting down everyone who was short biased.
nicely said!
  • #220,459
  • Apr 22, 2010 6:14am Apr 22, 2010 6:14am
Quoting cloggie
Is that red one your 1440? I don't go over 365 for cable and never use Stoch's or Macd. Since 538 is holding am now looking to enter long in the next hour or so target 55

here its
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 28 KB
  • #220,460
  • Apr 22, 2010 6:14am Apr 22, 2010 6:14am
Quoting XTrade
Hey All,

Looking at the chart H1 I am looking to re-test 1.5500 for cable. Gold Moving up nicely. Fibre may cook on some positive news. Also fibre is @ bottom of range on H4 with some bullish divergence (higher Highs - Higher Lows)

Cable trending north in my view.
Do come back
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