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Cable Update (GBPUSD)

  • #222,021
  • Apr 28, 2010 1:42am Apr 28, 2010 1:42am
Greece 2 yr bond yield over 20 per cent!!! WTF!!! I think Greece is bankrupt - or it will be!
  • #222,022
  • Apr 28, 2010 1:45am Apr 28, 2010 1:45am
Quoting free4440273
Greece 2 yr bond yield over 20 per cent!!! WTF!!! I think Greece is bankrupt - or it will be!
10 year is at 11% !!
  • #222,023
  • Apr 28, 2010 1:51am Apr 28, 2010 1:51am
Quoting aykenar
10 year is at 11% !!
C'mon ECB -- start buying euros!!! Merkel is correct -- screw you Greece and your corruption.

...Get ready for Portugal to sink too!
  • #222,024
  • Apr 28, 2010 1:51am Apr 28, 2010 1:51am
Quoting armaan
sat sri akal bhaji tusi kihra method use karde ho . plz tell mw any method . i am newbie .
i use the potty wash method, works always
  • #222,025
  • Apr 28, 2010 1:55am Apr 28, 2010 1:55am
Quoting Dazzer
Forexlion,
I take it the "one min green bar" refers to the bar on the Better Vol Indi? If so, then a massive spike up in volatility when prices are at a new low with a very low candle spread would usually indicate strength (its gonna go up). That was a very good example of what looked like buying in the background. However, I would always wait until the closure of the next bar for confirmation, or even better, make your final decision on a higher TF.

Theres lots of falsies on the M1 and its far too fast for me. Not to mention expensive.

Good...
bought the 5 min green bar on touch of month open

this is strictly demo trading to learn the method

 http://img135.imageshack.us/img135/1043/cable.gif
  • #222,026
  • Apr 28, 2010 1:55am Apr 28, 2010 1:55am
next target @5130 entry @5249
  • #222,027
  • Apr 28, 2010 1:59am Apr 28, 2010 1:59am
Am expecting cable to get to my terget 1.5130 u still remember my entry ......lol enjoy ur pips
  • #222,028
  • Apr 28, 2010 2:03am Apr 28, 2010 2:03am
Quoting forexlion
bought the 5 min green bar on touch of month open

this is strictly demo trading to learn the method

http://img135.imageshack.us/img135/1043/cable.gif
Yeah right
  • #222,029
  • Apr 28, 2010 2:08am Apr 28, 2010 2:08am
actually we should see some proper retrace soon, perhaps in us session because the fall is not as smooth as yesterday i.e buyers stepping in so i guess sellers will lay-off at some poibnt to allow buyers to take price higher before dumping again... also 1.5150 is quite obviour so i think it will not get touched until we've retraced properly. just my 1.1111pips
  • #222,030
  • Apr 28, 2010 2:09am Apr 28, 2010 2:09am
This baby and the EU are continuing to tank with no end in sight at the moment. Yes the retrace will happen at some point, but I am enjoying the ride while it lasts. UK will have its credit rating cut too... not a matter of if, but when! I know it is unheard of, but desperate measures for desperate times. Double-dip is coming... I marked June in my diary and I am still sticking to it!
  • #222,031
  • Apr 28, 2010 2:11am Apr 28, 2010 2:11am
Quoting bbakker
This baby and the EU are continuing to tank with no end in sight at the moment. Yes the retrace will happen at some point, but I am enjoying the ride while it lasts. UK will have its credit rating cut too... not a matter of if, but when! I know it is unheard of, but desperate measures for desperate times. Double-dip is coming... I marked June in my diary and I am still sticking to it!
I am targeting 1.51 today!
  • #222,032
  • Apr 28, 2010 2:12am Apr 28, 2010 2:12am
Quoting fourxtrader
Hard to ignore the graphic display and power of a compression - release pattern.
This could retrace up to the green (~1.5285) and even on up to the aqua areas
(1.5306 144ema and 1.5325 dotted 200ema) and still maintain momentum south.

Dr. D.
That worked out well. A retrace right into the zone between
the solid aqua (144ema) and the dotted aqua (200ema) before
moving further south.

Dr. D.
voodooboodoodoc
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  • #222,033
  • Apr 28, 2010 2:15am Apr 28, 2010 2:15am
Quoting fourxtrader
That worked out well. A retrace right into the zone between
the solid aqua (144ema) and the dotted aqua (200ema) before
moving further south.

Dr. D.
Nice
  • #222,034
  • Apr 28, 2010 2:15am Apr 28, 2010 2:15am
Quoting bbakker
I am targeting 1.51 today!
hey bro enjoy the ride while it last


its though risky any good news might change the whole thing
  • #222,035
  • Apr 28, 2010 2:17am Apr 28, 2010 2:17am
Quoting bbakker
Nice
What would really be nice is an early tee time.

Dr. D.
voodooboodoohack
  • #222,036
  • Apr 28, 2010 2:18am Apr 28, 2010 2:18am
Quoting kill56
hey bro enjoy the ride while it last


its though risky any good news might change the whole thing
What good news? The economy is coming out of recession? The only news at the moment that will stop this rot is the IMF and the European leaders. Prospect of a hung parliament is growing by the day... I don't see it myself, but I could be wrong!
  • #222,037
  • Apr 28, 2010 2:19am Apr 28, 2010 2:19am
Quoting fourxtrader
What would really be nice is an early tee time.

Dr. D.
  • #222,038
  • Apr 28, 2010 2:22am Apr 28, 2010 2:22am
Articles like this don't help Sterling

http://news.bbc.co.uk/1/hi/uk_politi...10/8647860.stm
  • #222,039
  • Apr 28, 2010 2:24am Apr 28, 2010 2:24am
Quoting bbakker
Yeah right
hahahahah I hope that is a demo trade!! HH/HL for a while before a buy anything
Trade what you see never what you think!
  • #222,040
  • Apr 28, 2010 2:26am Apr 28, 2010 2:26am
cable jugment day started yesterday,the jugment which was prospone on friday when the UK GDP drop but i think if we can break 1.5130 the ride can continue........
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