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Cable Update (GBPUSD)

  • #221,341
  • Apr 26, 2010 2:40am Apr 26, 2010 2:40am
i shorted at .5480 , anyone looking at ftse .... wowsers 5800 touched my longs doing well, seems abit over bought now? maybe short it in a bit


Quoting Mathias83
hope for short now, then long
  • #221,342
  • Apr 26, 2010 2:42am Apr 26, 2010 2:42am
greek finance minister says traders will lose their shirts ! You wanna bet minister?? the only people losing their shirts are greek workers and you!

Now, Portugal next - pile on the bets!
  • #221,343
  • Apr 26, 2010 2:44am Apr 26, 2010 2:44am
Quoting XTrade
May we see a chart of this view?
http://i262.photobucket.com/albums/ii81/Togu1/gu1-3.gif

My entry is above the flag by 10%. If the flag is 50pips then my Entry would be 5 pips higher. And the sl would be 25% from the entry. Exit above the entry by 25-50 pips if the inittial bullish flag.
  • #221,344
  • Edited 3:12am Apr 26, 2010 3:06am | Edited 3:12am
Ahhh, yes certainly a nice flag there good trade. Thanks for posting the chart... I was getting caught up with my Gold charts.
These patterns when caught nicely, can be extremely profitable. Although they are sometimes not as long term as the "stock chart analysis" counterparts, many times they can and will serve up nice green pips!!!

Quoting Togu
My entry is above the flag by 10%. If the flag is 50pips then my Entry would be 5 pips higher. And the sl would be 25% from the entry. Exit above the entry by 25-50 pips if the inittial bullish flag.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,345
  • Apr 26, 2010 3:08am Apr 26, 2010 3:08am
Long 1.5460...targeting 1.5520
COT: The precious data ignored
  • #221,346
  • Apr 26, 2010 3:16am Apr 26, 2010 3:16am
Quoting kuroro001
Long 1.5460...targeting 1.5520
Would you mind sharing your reasons?
  • #221,347
  • Apr 26, 2010 3:21am Apr 26, 2010 3:21am
Waiting for 5477 to add to shorts.
This thing is way overbought and looks like any bullish move isn't lasting to long at all.

Looking to ride it all the way down to the 53's maybe today even.
  • #221,348
  • Apr 26, 2010 3:23am Apr 26, 2010 3:23am
Quoting The Magician
Would you mind sharing your reasons?
Biais is up....higher high lower low
1.5460-70 was a resistance.... i hope it can be a support now...time will tell

I have a tight stop anyway if it tanks
COT: The precious data ignored
  • #221,349
  • Apr 26, 2010 3:29am Apr 26, 2010 3:29am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
..morning all , wow powerful bounce !...looks like the daily downtrend could broken soon ....lots of luck to all.....
  • #221,350
  • Apr 26, 2010 3:32am Apr 26, 2010 3:32am
Lower TF's still seem to indicate that we might go and re-test the 5470 level and i'll be waiting their with a bag of shorts.

Higher TF's could take us down too 5300
  • #221,351
  • Apr 26, 2010 3:32am Apr 26, 2010 3:32am
Quoting kuroro001
Biais is up....higher high lower low
1.5460-70 was a resistance.... i hope it can be a support now...time will tell

I have a tight stop anyway if it tanks
ok thanks. I'm feeling rather bearish today but we shall seeee. Good luck!
  • #221,352
  • Apr 26, 2010 3:37am Apr 26, 2010 3:37am
hi all


nice spike for eur and cable

whats moving the market eur technical greece dixy cady dow oil

if greece eur is down dixy up oil up

any how lets enjoy the ride while it last
  • #221,353
  • Apr 26, 2010 3:40am Apr 26, 2010 3:40am
Quoting Mathias83
hope for short now, then long
closed first short for a few pips... new short entered right at the moving average cross
  • #221,354
  • Apr 26, 2010 3:42am Apr 26, 2010 3:42am
CAD has been CRUSHING the USD...

Pair is below parity with 1 USD buying only .9982 CAD.

does anyone trade swissy? I enjoy this pair especially when shorting USD.
It has a great inverse relationship to FIBRE.

and an interesting relationship with Cable. Sometimes trending similarly otherwise inverse
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #221,355
  • Apr 26, 2010 4:02am Apr 26, 2010 4:02am
Quoting XTrade
CAD has been CRUSHING the USD...

Pair is below parity with 1 USD buying only .9982 CAD.

does anyone trade swissy? I enjoy this pair especially when shorting USD.
It has a great inverse relationship to FIBRE.

and an interesting relationship with Cable. Sometimes trending similarly otherwise inverse
and upcoming gdp figures will also boost loonie (imo), canada economy does make a good recovery, beside aud one of the strongest currencies at time. Oil demand will rise on improving worldeconomy, so the loonie goes in tandem.
  • #221,356
  • Apr 26, 2010 4:12am Apr 26, 2010 4:12am
Hi guys
there is a strong possibility of cable reversing short term where a possible bearish rising wedge might come into play.
Look for the ltl breakout for the pattern to be valid. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Thank You
  • #221,357
  • Apr 26, 2010 4:19am Apr 26, 2010 4:19am
Quoting wormboy
Hi guys
there is a strong possibility of cable reversing short term where a possible bearish rising wedge might come into play.
Look for the ltl breakout for the pattern to be valid. Good luck
  • #221,358
  • Apr 26, 2010 4:25am Apr 26, 2010 4:25am
is it gettin into the sell off zone
  • #221,359
  • Apr 26, 2010 4:26am Apr 26, 2010 4:26am
Good morning ladies and gentlemen!

I have had a strange weekend nearly murdering my youngest daughter for drawing on the sofa with a biro pen and stuffing our rabbit for chewing through my speaker wires. At least the golf was alright and I have made some green pips this morning on cable... so things are looking up.

I have a feeling we will be ranging between 1.5525 and 1.5300 until the election and the prospect of a hung parliament is looking more and more likely, although we will really only know when the results are out on the 7th May.

Just going back through this weekend's posts, I could not whole-heartedly agree more with the post from our Magix. Here it is again for your viewing pleasure -

http://www.forexfactory.com/showthre...60#post3668360

I hope you all have a good week and trade well.
  • #221,360
  • Apr 26, 2010 4:26am Apr 26, 2010 4:26am
1BB how are bro hope u had a great weekend


fiber with honey is soooooooooooooooooo sweeet

cable in the way its a matter of time
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harryatrader