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Cable Update (GBPUSD)

  • #220,501
  • Apr 22, 2010 8:15am Apr 22, 2010 8:15am
Quoting pawpaw1000
just closed my short for 15pips...

Reckon we done for the day... maybe another 10pips down but dont reckon much more than that...

i think the door is open and nothing can close it we have the housung news from the US in about 45m lets see


i might be wrong
  • #220,502
  • Apr 22, 2010 8:17am Apr 22, 2010 8:17am
Quoting lexazver
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..
also current days range is 120 pip , so range is almost done and there is support under us at 1.5340.

I think we need power to punch thru this so I think next good trade set up will be next London session

I am switching to ES for this session
Blogging daily now at www.volume.zone
  • #220,503
  • Apr 22, 2010 8:19am Apr 22, 2010 8:19am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
...same feeling as lex.., 15 pips always possible in volatile markets but if trend is now down ...always risky ...
  • #220,504
  • Apr 22, 2010 8:21am Apr 22, 2010 8:21am
Quoting malcolmb14
also current days range is 120 pip , so range is almost done and there is support under us at 1.5340.

I think we need power to punch thru this so I think next good trade set up will be next London session

I am switching to ES for this session
ES?
  • #220,505
  • Apr 22, 2010 8:25am Apr 22, 2010 8:25am
Quoting melba
...same feeling as lex.., 15 pips always possible in volatile markets but if trend is now down ...always risky ...

if you are a scalper then its fiine there are always certain level from where price retraces... my favourites are 20 (when price is rising) and 80 (when price is rising aor falling)
  • #220,506
  • Apr 22, 2010 8:26am Apr 22, 2010 8:26am
Quoting xPrav
ES?

ES- S&P futures
YM - dow futures
  • #220,507
  • Apr 22, 2010 8:26am Apr 22, 2010 8:26am
Quoting cloggie
It will take quite a bit for PA to pierce 538, if she does 53463 is next.

PA having given up on 538, my downward target has just about been reached, am flat again.
  • #220,508
  • Apr 22, 2010 8:26am Apr 22, 2010 8:26am
is this a ryt time to buy at 25 with tp at 50 n sl 10
  • #220,509
  • Apr 22, 2010 8:28am Apr 22, 2010 8:28am
Quoting malcolmb14
...
for now i am looking to sell rallies.

...
I am with you there. I often use a simple 5/50 ma cross on H1 for confirmation or initiation of a down move. In this case, she is also testing the underside of a UTL from 4/15. The two ltl's I have are 5300 and 5366 which could be good targets. I think.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
******************* I'd rather make money than be right.
  • #220,510
  • Apr 22, 2010 8:28am Apr 22, 2010 8:28am
Quoting lexazver
ES- S&P futures
YM - dow futures
thx
  • #220,511
  • Apr 22, 2010 8:29am Apr 22, 2010 8:29am
Quoting xPrav
ES?
s and p emini

yesterday it was so volatile it moves equal to 300 pip in one us session
Blogging daily now at www.volume.zone
  • #220,512
  • Apr 22, 2010 8:32am Apr 22, 2010 8:32am
lets check if curse still applies (i.e. everytime i post my trade my stop gets hit )

this is my current sscalp, targeting 1.5340, stop loss initially set few pips above ema21 and is adjustable as ema 21 moves...
Attached Image (click to enlarge)
Click to Enlarge Name: guscalp.png Size: 17 KB
  • #220,513
  • Apr 22, 2010 8:35am Apr 22, 2010 8:35am
Quoting tech niche
is this a ryt time to buy at 25 with tp at 50 n sl 10
You need to trade your own plan, however I am not going to buy here yet, she may have more in her, we haven't touched my target of 53463 yet.
  • #220,514
  • Apr 22, 2010 8:35am Apr 22, 2010 8:35am
doww is fooooooooooooooooooooooooooked up

dixy above 81.50 lets see
  • #220,515
  • Apr 22, 2010 8:36am Apr 22, 2010 8:36am
Quoting tech niche
is this a ryt time to buy at 25 with tp at 50 n sl 10
it was for euro
i dint enter enything .... thankfully
  • #220,516
  • Apr 22, 2010 8:37am Apr 22, 2010 8:37am
Quoting kill56
doww is fooooooooooooooooooooooooooked up

dixy above 81.50 lets see

es target is 1185 for starters . I may get out with 9 points at that level (90 pip) and call it a day
Blogging daily now at www.volume.zone
  • #220,517
  • Apr 22, 2010 8:40am Apr 22, 2010 8:40am
Quoting lexazver
lets check if curse still applies (i.e. everytime i post my trade my stop gets hit )

this is my current sscalp, targeting 1.5340, stop loss initially set few pips above ema21 and is adjustable as ema 21 moves...
ok bailed out at 1.53445
  • #220,518
  • Apr 22, 2010 8:41am Apr 22, 2010 8:41am
here u go
Attached Image
  • #220,519
  • Apr 22, 2010 8:44am Apr 22, 2010 8:44am
Quoting malcolmb14
es target is 1185 for starters . I may get out with 9 points at that level (90 pip) and call it a day
best of luck bro its geting there hope v soon

long live voodoo boodoo
  • #220,520
  • Apr 22, 2010 8:44am Apr 22, 2010 8:44am
While waiting for GU..

I bet EU long @ 1.3300
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