..took a small +15 pips on last trade ...still fancy the short but rather be flat before us figs...will sell again if break the 80's...line in the sand as cloggie said..
Cable Update (GBPUSD)
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next time you see big volume on an up bar with wide spread like that .... think sellers ..
pros sell on strength buy on weakness
with voodoo boodoo 
no doodoo 
- #220,488
- Apr 22, 2010 7:42am Apr 22, 2010 7:42am
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what time frame you after ?
there seems to be alot of buyers 1.5380 , but that is also very close to range for today so pros may have exited trades
for now i am looking to sell rallies.
gu is 15 pip way from completing days range (ave21)
hourly if you dont mind
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- Apr 22, 2010 7:49am Apr 22, 2010 7:49am
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in m15 too
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- Apr 22, 2010 8:06am Apr 22, 2010 8:06am
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as Dolmio advert goes .. Todays is the day.. I managed to short in a stupidly good place 1.5468 just covered 3/4 at 1.5462 will keep rest running just in case 1.52 .... got stopped out on my previous short at 1.5444 with -45pips but thought that this mornings spike was full of BS...
anyways next support is 1.5340 which was NY close from Monday (5370 was Tuesdays and its been taken out now) if 40 gives way (unlikely due to average daily range) then next support is.... 1.53 I guess..
.... got stopped out on my previous short at 1.5444 with -45pips but thought that this mornings spike was full of BS...anyways next support is 1.5340 which was NY close from Monday (5370 was Tuesdays and its been taken out now) if 40 gives way (unlikely due to average daily range) then next support is.... 1.53 I guess..
- #220,497
- Apr 22, 2010 8:08am Apr 22, 2010 8:08am
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in m15 too
Reckon we done for the day... maybe another 10pips down but dont reckon much more than that...
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Ok GU down 125 pips on day without a strong retracement against the flow. I think there is opportunity for long entry here back to 1.5380ish. What U Think?
im not betting on it but with cable I've noticed you can have long periods of time of average range where you can scalp up and down and then move comes and it looks like any other day at the beginning but the price just keeps going one way without decent pullback.. i hope TODAY IS THE DAY