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Cable Update (GBPUSD)

  • #221,141
  • Apr 23, 2010 10:04am Apr 23, 2010 10:04am
on 15min, 5368 200ema, 5365 150sma, and daily open, maybe an opportunity to short for a few pips
  • #221,142
  • Apr 23, 2010 10:05am Apr 23, 2010 10:05am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
...small short at 60 ....just in case ....
  • #221,143
  • Apr 23, 2010 10:05am Apr 23, 2010 10:05am
Unbelievable.....1.5200.....Today, comon guys, who you trying to fool. Only way that happens is with a major selloff thru 2 major trendlines. I bought at the trendline and made another 55 pippers....>

Jim
  • #221,144
  • Apr 23, 2010 10:08am Apr 23, 2010 10:08am
Quoting melba
...small short at 60 ....just in case ....

brave, at this strength, i donīt have the balls right now
  • #221,145
  • Apr 23, 2010 10:08am Apr 23, 2010 10:08am
Quoting melba
sarkozy to the rescue ...thunderbirds are go ! ..can kill 3 birds at the same time..
Merkel hesitant to intervene at this point -- good on her I say!

Monday and next week gonna be really interesting....we will be saying Goodbye Mr Euro. Take care all
  • #221,146
  • Apr 23, 2010 10:08am Apr 23, 2010 10:08am
Quoting Nene
Unbelievable.....1.5200.....Today, comon guys, who you trying to fool. Only way that happens is with a major selloff thru 2 major trendlines. I bought at the trendline and made another 55 pippers....>

Jim

I hate you


1.52 is pretty much out of the picture for today,
  • #221,147
  • Apr 23, 2010 10:12am Apr 23, 2010 10:12am
Quoting lexazver

1.52 is pretty much out of the picture for today,

Oh yeah, we are heading back to our 538-55 range
  • #221,148
  • Apr 23, 2010 10:14am Apr 23, 2010 10:14am
Ok, lets be rational here. Would this not be a good place to take off without a test, without any warning, moving into the slow traffic of a Friday afternoon. Think about it, who on Gods green earth would be waiting for this?

Jim

Quoting lexazver
I hate you


1.52 is pretty much out of the picture for today,
  • #221,149
  • Apr 23, 2010 10:15am Apr 23, 2010 10:15am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting dag777
brave, at this strength, i donīt have the balls right now
the 200 ema on 10 min has been good to me today ...so just another try ...small position just to see...sl in place if goes wrong...
  • #221,150
  • Apr 23, 2010 10:17am Apr 23, 2010 10:17am
Quoting Nene
Ok, lets be rational here. Would this not be a good place to take off without a test, without any warning, moving into the slow traffic of a Friday afternoon. Think about it, who on Gods green earth would be waiting for this?

Jim

sorry dont quite understand what you are saying...
  • #221,151
  • Apr 23, 2010 10:18am Apr 23, 2010 10:18am
No reason to get upset with me, anyone could draw those trendlines on a 4hr and Daily chart and say, wow, this 5200 will be a tough nut here. Wanna bet there will be no selloff today.

Jim
  • #221,152
  • Apr 23, 2010 10:25am Apr 23, 2010 10:25am
Quoting Nene
No reason to get upset with me, anyone could draw those trendlines on a 4hr and Daily chart and say, wow, this 5200 will be a tough nut here. Wanna bet there will be no selloff today.

Jim
oooh im not upset with you, just saying I hate you (smily face on the end makes it a jooooke ) yeah its less and less likely now that we will see big move today but you never know for sure

in fact we probably wont see huge moves until after UK elections.
  • #221,153
  • Apr 23, 2010 10:26am Apr 23, 2010 10:26am
Quoting cloggie
Oh yeah, we are heading back to our 538-55 range

u see why an hour befor the closing
  • #221,154
  • Apr 23, 2010 10:26am Apr 23, 2010 10:26am
just taken a small short at 1.5365 will take profit at 1.5345. Then I think you will see the day close out at 1.54ish so may take a long from 1.5345..
  • #221,155
  • Apr 23, 2010 10:26am Apr 23, 2010 10:26am
Quoting melba
the 200 ema on 10 min has been good to me today ...so just another try ...small position just to see...sl in place if goes wrong...
chances of a bit of ranging late friday is there, good luck anyway
  • #221,156
  • Apr 23, 2010 10:27am Apr 23, 2010 10:27am
One can draw all the trendlines on H4 and D1 to justify cable going up, today was purely driven by a 180 pip move on the euro. People here can brag all they want about justifying their long in the face of every signal for a bear move this morning. The day was a big buy on euro and that's all there is to it. Unless someone posts their tradecalls here claims of 1500 pips a week is just BS to me.
  • #221,157
  • Apr 23, 2010 10:27am Apr 23, 2010 10:27am
Quoting Nene
No reason to get upset with me, anyone could draw those trendlines on a 4hr and Daily chart and say, wow, this 5200 will be a tough nut here. Wanna bet there will be no selloff today.

Jim
Hey there, once again well done on your weeks work, one question, which pairs do you trade to be able to get such a high pip count and do you only trade 4H and daily?
Just my 2 cents worth
  • #221,158
  • Apr 23, 2010 10:27am Apr 23, 2010 10:27am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
..london closing in 3 min kill
  • #221,159
  • Apr 23, 2010 10:29am Apr 23, 2010 10:29am
Quoting kill56
u see why an hour befor the closing
Oh not me, I just trade my charts. If the big boys give up on the euro before London close I will be looking for a short setup again on Cable, whatever she gives me I'll take happily.
  • #221,160
  • Apr 23, 2010 10:32am Apr 23, 2010 10:32am
Quoting cloggie
One can draw all the trendlines on H4 and D1 to justify cable going up, today was purely driven by a 180 pip move on the euro. People here can brag all they want about justifying their long in the face of every signal for a bear move this morning. The day was a big buy on euro and that's all there is to it.
cloggie, do you think the 0.2 gdp will have affect on monday, i was surprised that gbp after a small wipsaw down was climbing after the news, maybe we get this impact next week?
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