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Cable Update (GBPUSD)

  • #222,141
  • Apr 28, 2010 8:21am Apr 28, 2010 8:21am
Afternoon traders! Urgh! Just got back from a grueling morning in court getting ass-whooped by the d!cks that call themselves the law! UK has become a JOKE!

Annnyway! Liking the look of cable for a short right now. Think it's got a little further north to go but not far.

Short at 5224 half lot.
will short at 5240 and 5265 if it gets that far.
TP - open - I MUST start letting these trades run longer, grrr
  • #222,142
  • Apr 28, 2010 8:25am Apr 28, 2010 8:25am
Quoting cloggie
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.
Cloggie,

No need to apologise. I'm referring to high volume on the M5, M15 and now M30 with no surge upwards. It just looks like a classic pump and dump. Engulfing pattern on M15 and the M30 is cutting into that previous up bar atm. Also we touched yesterdays low and nearly todays open before a retrace.

Wont go short unless the M30 looks a tad more convincing like 1.52100 at 14:30.

Dazzer
  • #222,143
  • Apr 28, 2010 8:27am Apr 28, 2010 8:27am
Quoting kill56
cash in the green hit and run
I was waiting to see if it would go beyond 1.5243, but you are right, hit and run.
  • #222,144
  • Apr 28, 2010 8:46am Apr 28, 2010 8:46am
Quoting kill56
cash in the green hit and run
That 200 coming in as support now
Trade what you see never what you think!
  • #222,145
  • Apr 28, 2010 8:49am Apr 28, 2010 8:49am
Entered a cheaky short based on M5/25ma interaction and failure of ma breach on M30, keeping a close eye on M15 for validation.
  • #222,146
  • Apr 28, 2010 8:50am Apr 28, 2010 8:50am
Ah yes, the buyers in the minute the sellers in the five.

The classic push me pull me market mayhem....

Who will prevail?

Stay tuned we shall see....

15m 200, still needs to be retraced, a dip from here will be most visible through some well placed fib lines (keep eyes on the cam L3) and a further attack. IF the 1m buyers keep buying, we could see this sooner then later.

Let's not lose any fingers or pips to the guess work, triggers work so much better.
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  • #222,147
  • Apr 28, 2010 8:50am Apr 28, 2010 8:50am
eur/yen the star performer as always!
  • #222,148
  • Apr 28, 2010 8:51am Apr 28, 2010 8:51am
This is looking quite positive for the shorts.

Ooooosh, just clocked 100 pips shorting google! More fluke than anything else lol! My god that stock moves fast! Come on cable, drop down!
  • #222,149
  • Apr 28, 2010 8:52am Apr 28, 2010 8:52am
Quoting cloggie
Entered a cheaky short based on M5/25ma interaction and failure of ma breach on M30, keeping a close eye on M15 for validation.
Me too about 15 mins ago, but I'm keeping schtum.

  • #222,150
  • Apr 28, 2010 8:53am Apr 28, 2010 8:53am
Quoting Dazzer
Me too about 15 mins ago, but I'm keeping schtum.


Well, you jinxed my short now. Did you put up some of those ma's to have a look at the interaction?
  • #222,151
  • Apr 28, 2010 8:57am Apr 28, 2010 8:57am
Quoting cloggie
Entered a cheaky short based on M5/25ma interaction and failure of ma breach on M30, keeping a close eye on M15 for validation.
Got to break 5193 and then 5182 for a big drop still short from 5242 for now
Trade what you see never what you think!
  • #222,152
  • Apr 28, 2010 9:03am Apr 28, 2010 9:03am
Quoting Magix
Ah yes, the buyers in the minute the sellers in the five.

The classic push me pull me market mayhem....

Who will prevail?

Stay tuned we shall see....

15m 200, still needs to be retraced, a dip from here will be most visible through some well placed fib lines (keep eyes on the cam L3) and a further attack. IF the 1m buyers keep buying, we could see this sooner then later.

Let's not lose any fingers or pips to the guess work, triggers work so much better.


voodoo boodoo baby
  • #222,153
  • Apr 28, 2010 9:03am Apr 28, 2010 9:03am
Quoting cloggie
Well, you jinxed my short now. Did you put up some of those ma's to have a look at the interaction?

Yes I did and it helped me confirm the short. A failure to break the 150ema properly on M5 about an hour ago with 3 shooting stars one after another.

I was probably reading it wrong. Don't use MAs anymore, I just kept getting it all mixed up. Lags too much, but I reckon good to take profits. I used the 200 ema with some success.

Hope you're still hangin onto them shorts. Looks good to the middle of that cluster of M30 hammers at 1.51735 (or thereabouts).

Good luck to you sir

Dazzer
  • #222,154
  • Apr 28, 2010 9:09am Apr 28, 2010 9:09am
Hi there,
I think now all people are just scalping, because tehre are no sense in the PA movements.
We are subdued to the EUR PA. If it goes up, Cable too and vice-versa.
Hope that everyone enter the right time and the right bet, since today are going to be a volatility day.
Remenber today we are going to have FMOC which could affect very much the PA.


Quoting Dazzer
Yes I did and it helped me confirm the short. A failure to break the 150ema properly on M5 about an hour ago.

I was probably reading it wrong. Don't use MAs anymore, I just kept getting it all mixed up. Lags too much, but I reckon good to take profits. I used the 200 ema with some success.

Hope you're still hangin onto them shorts. Looks good to the middle of that cluster of M30 hammers at 1.51735 (or thereabouts).

Good luck to you sir

Dazzer
  • #222,155
  • Apr 28, 2010 9:11am Apr 28, 2010 9:11am
Hi All

I made a super nice profit on sunday and monday so I decided to take the week off mostly, so I basically missed all the carnage. And I wouldn't do anything now until seeing how FOMC plays out. But I'm totally happy with the way it all worked out for me.

thing is I am chuckling just a bit because I recall at the beginning of this week a couple of prominent participants on this board stating quite matter-of-factly that they'd had a pow-wow over the weekend and decided that there was strong "BUYING PRESSURE" for this week.



happy trading, green pips to all

h.
"The real genius is knowing when to stop." - Marc Faber
  • #222,156
  • Apr 28, 2010 9:13am Apr 28, 2010 9:13am
Quoting Alado
Hi there,
I think now all people are just scalping, because tehre are no sense in the PA movements.
We are subdued to the EUR PA. If it goes up, Cable too and vice-versa.
Hope that everyone enter the right time and the right bet, since today are going to be a volatility day.
Remenber today we are going to have FMOC which could affect very much the PA.
Agreed, but thats 4+ hours away and price will move before then. Don't forget the professional money already know the figures and will do their best to suck us all in around that time.

At the moment all is going to plan and if it doesn't I'm out at a small gain for today.

Dazzer
  • #222,157
  • Apr 28, 2010 9:17am Apr 28, 2010 9:17am
Depending on the news today maybe we are going to test 1.5574 resitance or 1.5086 support.
I would like to see it at the resistance...

Quoting Dazzer
Agreed, but thats 4+ hours away and price will move before then. Don't forget the professional money already know the figures and will do their best to suck us all in around that time.

At the moment all is going to plan and if it doesn't I'm out at a small gain for today.

Dazzer
  • #222,158
  • Apr 28, 2010 9:18am Apr 28, 2010 9:18am
Support here on the M5 we may need a trip back up north before the level breaks. I'll take a BE on both trades at 1.5218 if it goes too high.

Note to self: I aint gonna lose this mornings gains.

Dazzer
  • #222,159
  • Apr 28, 2010 9:21am Apr 28, 2010 9:21am
Quoting Alado
Depending on the news today maybe we are going to test 1.5574 resitance or 1.5086 support.
I would like to see it at the resistance...
Even if the news is bullish for this pair, do you think we will go to 1.5574????

Don't think it has the legs personally.

Dazzer
  • #222,160
  • Apr 28, 2010 9:24am Apr 28, 2010 9:24am
Good MAE. everyone. Can anyone do me a favor and post the Volume Indi. Please ? Thanks in advance .
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