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Cable Update (GBPUSD)

  • #222,361
  • Apr 29, 2010 1:10am Apr 29, 2010 1:10am
Of course I'm still bearish, but the smart money may need to see a trip up to 1.52 or above to suck a few more bottom pickers in before another sell off. We'll see as ever

Dazzer
  • #222,362
  • Apr 29, 2010 1:10am Apr 29, 2010 1:10am
Quoting Magix
Absolutely agree with that dig.

I took short on the 5 at the rollover, and have been taking small scalps since.

A couple of things to note, 1, we have to test the 200 on 15 at some point, today is as good as any, but 2, there has been a chart low that London session hasn't tested yet.

I do believe that if the 1m chart gains control, we will see the 15m 200, but only if there has been no new low created on the week prior to this happening.

For now, those that feel the need to go long, should do so cautiously, anything really is possible.
yes very cautiously on the longs lol
  • #222,363
  • Apr 29, 2010 1:14am Apr 29, 2010 1:14am
Quoting malcolmb14
long here

1.5142....... tight stop target 1,5240 ish , very high risk trade

down move in asia are 90 % of time positioning for opposite moves in London
I'm with you, long here...only 50pips target...till london open
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  • #222,364
  • Apr 29, 2010 1:19am Apr 29, 2010 1:19am
ahh good news..,so it's a gambling now, i'm out..., just wanna wait in down there...,
see you all this night...
I will be the number one Manager.
  • #222,365
  • Apr 29, 2010 1:30am Apr 29, 2010 1:30am
Quoting malcolmb14
long here

1.5142....... tight stop target 1,5240 ish , very high risk trade

down move in asia are 90 % of time positioning for opposite moves in London

40 off on half
target 240 other half , stop be +10
Blogging daily now at www.volume.zone
  • #222,366
  • Apr 29, 2010 1:31am Apr 29, 2010 1:31am
UK nationwide housing prices grow mare than expected

increadsed 1% in APR, matching MAR's growth rate

S: fxstreet
I have no enemy; I make Incautiousness my Enemy.
  • #222,367
  • Apr 29, 2010 1:32am Apr 29, 2010 1:32am
maybe start same range as 2nd to 6th april?

I'm going short at first sign of weakness...
@pawpaw1000 on Twitter
  • #222,368
  • Apr 29, 2010 1:34am Apr 29, 2010 1:34am
up scenario 1.51427 - 1.5206 first res if break will go till 1.5238 this is just my analyse dont use it like signal so there wont be sad ppl

in down if cant break 1.51597 this is good for uptrend and maybe this will be the point where the trend will start go up
  • #222,369
  • Apr 29, 2010 1:40am Apr 29, 2010 1:40am
Morning traders! Good luck and hope you're all green today! I'm sitting back and waiting till London open
  • #222,370
  • Apr 29, 2010 1:42am Apr 29, 2010 1:42am
Quoting malcolmb14
40 off on half
target 240 other half , stop be +10
target 5220, sl@BE+20
  • #222,371
  • Apr 29, 2010 1:43am Apr 29, 2010 1:43am
Quoting The Magician
Morning traders! Good luck and hope you're all green today! I'm sitting back and waiting till London open
running her up to sell at LO...
@pawpaw1000 on Twitter
  • #222,372
  • Apr 29, 2010 1:46am Apr 29, 2010 1:46am
Quoting pawpaw1000
running her up to sell at LO...
check

1) ES
2) ftse
3) gu treble bottom

check check and check

asia low 1.5140 range 110 pip takes her to 1.5250 zone
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  • #222,373
  • Apr 29, 2010 1:48am Apr 29, 2010 1:48am
[quote=forexlion;3682020]we are not in a very convincing drop zone, there is still some room here

you might come out green, but then that will be your final chance


Thanks for the outlook bro, will try to minimise the losses as possible and start new...
  • #222,374
  • Apr 29, 2010 1:49am Apr 29, 2010 1:49am
Quoting malcolmb14
check

1) ES
2) ftse
3) gu treble bottom

check check and check

asia low 1.5140 range 110 pip takes her to 1.5250 zone

Agreed Malcolm. I think we'll go up to the upper res line and then maybe a revisit of the lows.

Dazzer
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  • #222,375
  • Apr 29, 2010 1:49am Apr 29, 2010 1:49am
Quoting malcolmb14
check

1) ES
2) ftse
3) gu treble bottom

check check and check

asia low 1.5140 range 110 pip takes her to 1.5250 zone
Checkcheckcheck. Result, bit nervous lol! In no rush to jump in either way here. Feeling bearish but the triple bottom showing strong support. Tend to agree we could see this rise to 250. Will be looking for short entries depending upon PA around 200-250
  • #222,376
  • Apr 29, 2010 1:51am Apr 29, 2010 1:51am
Quoting The Magician
Checkcheckcheck. Result, bit nervous lol! In no rush to jump in either way here. Feeling bearish but the triple bottom showing strong support. Tend to agree we could see this rise to 250. Will be looking for short entries depending upon PA around 200-250
gu swinging well both ways

looking for any weakness 1.5200 or 1.5240

oddly the lows of 1.5125 completed the weekly range of 372 pips. 21 ave is 362

question is now does this end on a weekly doji ?
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  • #222,377
  • Apr 29, 2010 2:03am Apr 29, 2010 2:03am
From ForexLive....


It’s all about financial contagion and the downgrades of the PIIGS (some still looming) in newspapers like the FT and the FAZ. Not much good news to read anywhere so any EUR / GBP rallies are likely to be driven by short covering.

Edit: and I guess the GB and Co are trying to ensure that the down-grade of the UK is put off for a couple of weeks....
Trading Levels with WRBs
  • #222,378
  • Apr 29, 2010 2:05am Apr 29, 2010 2:05am
Quoting Islander
From ForexLive....


It’s all about financial contagion and the downgrades of the PIIGS (some still looming) in newspapers like the FT and the FAZ. Not much good news to read anywhere so any EUR / GBP rallies are likely to be driven by short covering.
i'm thinking the same and will sell rallies... short 80
@pawpaw1000 on Twitter
  • #222,379
  • Apr 29, 2010 2:06am Apr 29, 2010 2:06am
Quoting pawpaw1000
running her up to sell at LO...
Did you take that short? hope so ...!
  • #222,380
  • Apr 29, 2010 2:07am Apr 29, 2010 2:07am
Quoting pawpaw1000
i'm thinking the same and will sell rallies... short 80
this is ftse closing gap ....

drop is caused by ftse likely gapping up due to es moving up today

look for any signs buyers off 1.5160
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