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Cable Update (GBPUSD)

  • #222,121
  • Apr 28, 2010 8:00am Apr 28, 2010 8:00am
Quoting winsome
market waiting for statement regards greece, due soon
When is that please??
  • #222,122
  • Apr 28, 2010 8:00am Apr 28, 2010 8:00am
Quoting lexazver
took my short at 1.5224 maan its like a brick w3all this level hmmm..

well looks like they are trying to ram brick wall
  • #222,123
  • Apr 28, 2010 8:01am Apr 28, 2010 8:01am
Quoting Dazzer
When is that please??
It is being discussed on the EU thread. Looks like a big annoucement and it may be enough to cause a spike.
  • #222,124
  • Apr 28, 2010 8:02am Apr 28, 2010 8:02am
Price on the Cable over the past couple days has been traveling downward and today price has impacted a level of Support @ 1.5190 and shown some buying pressure. I am currently Long @ 1.5227. I will be looking for price to travel up to Resistance @ 1.5291 for my Target. Please keep in mind that Market Sentiment on the 4h TF is currently Bearish and any longs taken should be considered scalps.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-4h.jpg Size: 122 KB
  • #222,125
  • Apr 28, 2010 8:02am Apr 28, 2010 8:02am
Quoting 4xStar
Good

Except .. it doesn't download correctly ... it opens as a .php not zip.
It downloaded fine for me. Nice spreadsheet!
  • #222,126
  • Apr 28, 2010 8:03am Apr 28, 2010 8:03am
Quoting cloggie
Put up a 150ma on M5 and draw a little trendline on it and you can see where the PA may be aiming for. This was not a hard call to make, am now watching the interaction between 25 and 150 on M5 with the lower trendline to see if this retrace continues and has any steam to it.

The driver is the cross of PA on M15 and M30 with 25ma

Next target 525
Ok lets see that. Thanks.

I won't be posting any live calls anymore goddammit. Jinxed myself again.

Dazzer
  • #222,127
  • Apr 28, 2010 8:04am Apr 28, 2010 8:04am
Quoting Dazzer
Ok lets see that. Thanks.

I won't be posting any live calls anymore goddammit. Jinxed myself again.

Dazzer

I like putting up live calls, it does make you think twice before you post and it sharpens your thinking. I can't stand trolls that claim 100's of pips after the fact.

25ma on M5 is now forming a sloping support and a cross of PA and 25ma on M30 next will validate the retrace. I like using ma's on increasing TF's as confirmation of shorter trends. If I continue to get confrimation of this retrace my ultimate target is 5281. We still have a TL on M15 in the way and PA has now touched it twice.
  • #222,128
  • Apr 28, 2010 8:04am Apr 28, 2010 8:04am
Quoting Piptaker
It is being discussed on the EU thread. Looks like a big annoucement and it may be enough to cause a spike.
Ok but are you aware when the announcement will take place?

Dazzer
  • #222,129
  • Apr 28, 2010 8:09am Apr 28, 2010 8:09am
Quoting cloggie
I like putting up live calls, it does make you think twice before you post and it sharpens your thinking. I can't stand trolls that claim 100's of pips after the fact.

25ma on M5 is now forming a sloping support and a cross of PA and 25ma on M30 next will validate the retrace. I like using ma's on increasing TF's as confirmation of shorter trends.
Cheers Cloggie,

Me neither, but it does make you sharper, like more accountable. Thats why I like the forums, not for taking/influencing everyones viewpoint, but mainly to confirm the reasons to myself. Thats why I post a lot, its more for me to help me make the right decision than anything else. It empties the head.

Dazzer
  • #222,130
  • Apr 28, 2010 8:10am Apr 28, 2010 8:10am
  • #222,131
  • Apr 28, 2010 8:11am Apr 28, 2010 8:11am
Quoting Dazzer
Ok but are you aware when the announcement will take place?

Dazzer
German MP says aid package EUR 100-120 bln over three years

A German MP says the Greek package will be spread out over three years and may reach EUR 120 bln. That would keep Greece out of the market for that period, he says, presumably after being privy to the Trichet/Strauss-Kahn briefing.
  • #222,132
  • Apr 28, 2010 8:12am Apr 28, 2010 8:12am
Quoting Dazzer
Ok lets see that. Thanks.

I won't be posting any live calls anymore goddammit. Jinxed myself again.

Dazzer

yes thats great a lot of ppl will copy u and u will be in deep gold
  • #222,133
  • Apr 28, 2010 8:13am Apr 28, 2010 8:13am
Quoting Piptaker
German MP says aid package EUR 100-120 bln over three years

A German MP says the Greek package will be spread out over three years and may reach EUR 120 bln. That would keep Greece out of the market for that period, he says, presumably after being privy to the Trichet/Strauss-Kahn briefing.
Many thanks for your reply.
  • #222,134
  • Apr 28, 2010 8:13am Apr 28, 2010 8:13am
http://i480.photobucket.com/albums/r.../happyness.jpg
  • #222,135
  • Apr 28, 2010 8:14am Apr 28, 2010 8:14am
Got nabbed for 26 pips in that last short at 5212 trying again at 5242 hope im not jinxing myself to hahah but your right about posting makes you think hard about your decisions
GL all

PA on 5 min looks like upward drive has stalled fingers crossed
Trade what you see never what you think!
  • #222,136
  • Apr 28, 2010 8:14am Apr 28, 2010 8:14am
Getting sell signals all over the place. Will wait til 14:30 to see whats what.

Dazzer
  • #222,137
  • Apr 28, 2010 8:16am Apr 28, 2010 8:16am
Finally i'm in sync with the market. First time this week.
  • #222,138
  • Apr 28, 2010 8:17am Apr 28, 2010 8:17am
last 2 15min candles show perhaps reversal will start now... potential scenario im thining of as per attached.

if it goes higher im adding anothe short at 1.525x
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 40 KB
  • #222,139
  • Apr 28, 2010 8:18am Apr 28, 2010 8:18am
cash in the green hit and run
  • #222,140
  • Apr 28, 2010 8:19am Apr 28, 2010 8:19am
Quoting Dazzer
Getting sell signals all over the place. Will wait til 14:30 to see whats what.

Dazzer

Apologies to call you on this, but what "signals" are you referring to, I still see the retrace continuing based on M30/15/5, not using any signals pure PA interaction with SR, MA, TL, fibs.
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