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Cable Update (GBPUSD)

  • #220,801
  • Apr 23, 2010 2:11am Apr 23, 2010 2:11am
Quoting cloggie
Morning all, bit of a messy London opening here.
Morning cloggie,

i saw you made the missed pips (by watching the politics yesterday evening) back.
Cograts to your short tonight and good day to you.
  • #220,802
  • Apr 23, 2010 2:12am Apr 23, 2010 2:12am
Quoting cloggie
Morning all, bit of a messy London opening here.
hows it going cloggie
Thank You
  • #220,803
  • Apr 23, 2010 2:12am Apr 23, 2010 2:12am
Would have liked a smaller Green though, the smaller the better, and it has to open and close totally inside previous candle.

Quoting forexlion
in india harami means bastard, are you sure it is harami action ?
  • #220,804
  • Apr 23, 2010 2:14am Apr 23, 2010 2:14am
nice pump from london
  • #220,805
  • Apr 23, 2010 2:14am Apr 23, 2010 2:14am
Quoting Nene
Bought once again at 1.5330. loading her up
looks like we're at opposite sides today jim.
I just sold her ....
Thank You
  • #220,806
  • Apr 23, 2010 2:17am Apr 23, 2010 2:17am
Quoting dag777
Morning cloggie,

i saw you made the missed pips (by watching the politics yesterday evening) back.
Cograts to your short tonight and good day to you.

Thanks buddy, yesterday was a great example of selling into a rally and not trying to pick bottoms. Today am looking at the support of 5341 on H4 which is still holding with a bearish trend on M30. I don't like London opening where Franky brings us down for London to bring us back. Am flat for now to see where this is taking us this morning. For any move up 538 will need a solid close above first. My outlook for today is bearish, targetting 5255 unless 538 goes.
  • #220,807
  • Apr 23, 2010 2:20am Apr 23, 2010 2:20am
Quoting wormboy
hows it going cloggie

Like I said a bit of a messy start in the morning, Zee Frankfurters are opposing the Cockneys....

Noticed you jumped the gun on a short? I am waiting for 538 to hold.
  • #220,808
  • Apr 23, 2010 2:21am Apr 23, 2010 2:21am
holy crap. picked the wrong day to short cable did i?
Thank You
  • #220,809
  • Apr 23, 2010 2:22am Apr 23, 2010 2:22am
Quoting cloggie
Like I said a bit of a messy start in the morning, Zee Frankfurters are opposing the Cockneys....

Noticed you jumped the gun on a short? I am waiting for 538 to hold.
yea... 5353
ultra wide stop placed slightly above yesterday's high @ 3bucks a pop tho
Thank You
  • #220,810
  • Apr 23, 2010 2:26am Apr 23, 2010 2:26am
Quoting cloggie
Like I said a bit of a messy start in the morning, Zee Frankfurters are opposing the Cockneys....

Noticed you jumped the gun on a short? I am waiting for 538 to hold.

its crazy its friday
  • #220,811
  • Apr 23, 2010 2:27am Apr 23, 2010 2:27am
Quoting kill56
its crazy its friday

Yup, freaky friday. Have not made my mind up yet whether to join Nene or Wormy here, keeping a close eye on M15/30 to see where that closes in the next 3 mins.
  • #220,812
  • Apr 23, 2010 2:33am Apr 23, 2010 2:33am
Being Friday, I pull profit quick because I do not want huge drawdowns over the weekend. Pulled 3/4 of my load with a double buy at 5330 and out with a profit. Do not want to wreck a weeks worth...LOL
  • #220,813
  • Apr 23, 2010 2:33am Apr 23, 2010 2:33am
Quoting cloggie
Yup, freaky friday. Have not made my mind up yet whether to join Nene or Wormy here, keeping a close eye on M15/30 to see where that closes in the next 3 mins.
in 1h we have the news GDP from the UK and i am sure cable will be crazy up or down
  • #220,814
  • Apr 23, 2010 2:37am Apr 23, 2010 2:37am
i tend to lose most money on fridays , god knows why , but i might just stop trading after 1 on fridays.

Prelim GDP q/q has to be 0.4% or its curtains for brown today.
  • #220,815
  • Apr 23, 2010 2:37am Apr 23, 2010 2:37am
Quoting kill56
in 1h we have the news GDP from the UK and i am sure cable will be crazy up or down

No solid close above 538 yet, am going to ride the waves on M5 for a bit of shorter term trades until this direction is confirmed either way. Looking for a short entry now around 538, waiting for the PA to settle down a bit and the MA's to give me a clearer entry, remaining mindful of a close above 538 though so tight stops.
  • #220,816
  • Apr 23, 2010 2:37am Apr 23, 2010 2:37am
One hour showing clear divergence for a nice upswing, but I am gaurded because it is friday, lots of long wicks.

Jim
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  • #220,817
  • Apr 23, 2010 2:38am Apr 23, 2010 2:38am
Wow, what a nice surprise. Came down this morning to find my overnight position had closed with 70 pip profit on the downside and my reverse buy has now closed with another 40 pip profit.

I'm out at moment as dont know whether it will climb further or drop like a stone. 0.5% GDP anticipated, I heard on the radio this morning, better than the 0.4% predicted. Probably already factored into price, I see there is mixed opinion on here?
  • #220,818
  • Apr 23, 2010 2:39am Apr 23, 2010 2:39am
Quoting Makeveli
i tend to lose most money on fridays , god knows why , but i might just stop trading after 1 on fridays.

Prelim GDP q/q has to be 0.4% or its curtains for brown today.

Mondays and Fridays are the harder days to trade Cable and you will need to pay close attention to any sudden turns in PA. I tend to take limited trades on Monday morning and Friday afternoon. Monday is the trendsetter and Friday is the profit taker.
  • #220,819
  • Apr 23, 2010 2:40am Apr 23, 2010 2:40am
Looks like a trendline test also here. Could go either way, he is right, news could swing this either way>

Quoting Nene
One hour showing clear divergence for a nice upswing, but I am gaurded because it is friday, lots of long wicks.

Jim
  • #220,820
  • Apr 23, 2010 2:40am Apr 23, 2010 2:40am
eu data in 20 mins ...
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