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Cable Update (GBPUSD)

  • #221,321
  • Apr 26, 2010 1:20am Apr 26, 2010 1:20am
Quoting pawpaw1000
5380 1st target... Not in but looking...
I'm aiming for 5395 and that should do me for the day
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #221,322
  • Apr 26, 2010 1:23am Apr 26, 2010 1:23am
too high, too quickly. Not sustainable. back down we go.
  • #221,323
  • Apr 26, 2010 1:26am Apr 26, 2010 1:26am
stopp to be and let ride
  • #221,324
  • Apr 26, 2010 1:34am Apr 26, 2010 1:34am
Quoting dag777
stopp to be and let ride
stopped out at be
  • #221,325
  • Apr 26, 2010 1:43am Apr 26, 2010 1:43am
5520 would be a best target
Psychology = Nature = Evolving Forex Market rite?
  • #221,326
  • Apr 26, 2010 1:47am Apr 26, 2010 1:47am
I am eying up 5500. Obviously with the choppy trading in between...

Quoting Dr_Cryonic
5520 would be a best target
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,327
  • Edited 2:06am Apr 26, 2010 1:54am | Edited 2:06am
I am looking at... It may be a slow battle... But.

I am trading the way MalcomB mentioned before. Small targets 30 - 40 pips at a time. Close then re-enter as I see fit/ due to choppy PA/
a nice entry is key to in and out.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_5500_retest.GIF Size: 40 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,328
  • Apr 26, 2010 1:55am Apr 26, 2010 1:55am
I'm wary about entering before the london open. We have strong sloping resistance on the daily, but looks like this might test the 5500 level. watching for better confirmation at the moment.
  • #221,329
  • Edited 2:31am Apr 26, 2010 1:55am | Edited 2:31am
Quoting XTrade
I am eying up 5500. Obviously with the choppy trading in between...
Me too agree with you..

I Long at 1.5450...

TP at 1.5500..

SL at 1.5400...

Hope it goes well!
  • #221,330
  • Apr 26, 2010 2:00am Apr 26, 2010 2:00am
Agreed.. I am always wary before LDN open. However It's too late for me.. on this last lot. I have done nicely going long cable so far tonight. If LDN sells off major - I will close and re-enter. Not riding the losers!

Quoting The Magician
I'm wary about entering before the london open. We have strong sloping resistance on the daily, but looks like this might test the 5500 level. watching for better confirmation at the moment.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,331
  • Apr 26, 2010 2:11am Apr 26, 2010 2:11am
Hi Cheesepie,
Welcome to FxFactory, If I can lend you a piece of friendly advice and one of my trading rules,

Never "hope" in ForeX. Make a plan (as it seems you have)
for each trade and stick to it. In the end, you will feel more confident either way it is. FX can and will do anything,
the odd, the impossible, the crazy, and the normal.

Good luck to you.
X

Quoting Cheesepie
Me too agree with you..

I shorted 1.5450...

TP at 1.5500..

SL at 1.5400...

Hope it goes well!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,332
  • Apr 26, 2010 2:12am Apr 26, 2010 2:12am
we have successfully finished BULLish flag. I'm out with 500$ exact, now let's wait and will short any possibilities
  • #221,333
  • Edited 2:19am Apr 26, 2010 2:15am | Edited 2:19am
Quoting XTrade
Hi Cheesepie,
Welcome to FxFactory, If I can lend you a piece of friendly advice and one of my trading rules,

Never "hope" in ForeX. Make a plan (as it seems you have)
for each trade and stick to it. In the end, you will feel more confident either way it is. FX can and will do anything,
the odd, the impossible, the crazy, and the normal.

Good luck to you.
X
Hi X,

Thanks.. Yup.. thanks for ya advices!

Actually i have been trading for almost 2 years already.. Just that i never join this forum..

I say hope because now the market abit unpredictable..

But i know somehow cable will test 5500...

Wish u good trade!
  • #221,334
  • Apr 26, 2010 2:22am Apr 26, 2010 2:22am

1.5500

  • #221,335
  • Apr 26, 2010 2:23am Apr 26, 2010 2:23am
Quoting Togu
we have successfully finished BULLish flag. I'm out with 500$ exact, now let's wait and will short any possibilities
on what time frame is your bullish flag as a matter of interest?
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #221,336
  • Apr 26, 2010 2:25am Apr 26, 2010 2:25am
May we see a chart of this view?

Quoting Togu
we have successfully finished BULLish flag. I'm out with 500$ exact, now let's wait and will short any possibilities
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,337
  • Apr 26, 2010 2:26am Apr 26, 2010 2:26am
Cheesepie,

Do you mean you went long? @ 5450? Confused.
Quoting Cheesepie
Me too agree with you..

I shorted 1.5450... TP at 1.5500.. SL at 1.5400...
Hope it goes well!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,338
  • Apr 26, 2010 2:27am Apr 26, 2010 2:27am
4 now LONG !


Then SHORT !



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Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD - H4.gif Size: 34 KB
  • #221,339
  • Apr 26, 2010 2:30am Apr 26, 2010 2:30am
Quoting XTrade
Cheesepie,

Do you mean you went long? @ 5450? Confused.
Ya.. Long.. Sorry.. Typo error!
  • #221,340
  • Apr 26, 2010 2:35am Apr 26, 2010 2:35am
Quoting Cotton-I-Jo
4 now LONG !


Then SHORT !

.
hope for short now, then long
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