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Cable Update (GBPUSD)

  • #222,381
  • Apr 29, 2010 2:07am Apr 29, 2010 2:07am
Quoting pawpaw1000
i'm thinking the same and will sell rallies... short 80
Sold 5196....
Trading Levels with WRBs
  • #222,382
  • Apr 29, 2010 2:16am Apr 29, 2010 2:16am
Quoting Islander
Sold 5196....
did you will hold until 5025
Artist lead and hacks ask for a show of hands.
  • #222,383
  • Apr 29, 2010 2:21am Apr 29, 2010 2:21am
Quoting The Magician
Did you take that short? hope so ...!
yes and am nervous as hell after malcolms comments...
@pawpaw1000 on Twitter
  • #222,384
  • Apr 29, 2010 2:22am Apr 29, 2010 2:22am
Quoting special0nefx
I'm with you, long here...only 50pips target...till london open
damn

i never knew they had the american flag inside his ass

http://img63.imageshack.us/img63/5822/attachmentdj.jpg
  • #222,385
  • Apr 29, 2010 2:24am Apr 29, 2010 2:24am
SOLD @ 5170
Target @ 4800
  • #222,386
  • Apr 29, 2010 2:27am Apr 29, 2010 2:27am
Quoting The Magician
SOLD @ 5170
Target @ 4800
any particular reason?
@pawpaw1000 on Twitter
  • #222,387
  • Apr 29, 2010 2:29am Apr 29, 2010 2:29am
Quoting The Magician
SOLD @ 5170
Target @ 4800

how much dd can you take ?

just a question

weekly range is complete ... all this Greece shit and gu cannot even touch 1.5000 yet .

this is basing on larger channel low for now

4hr close above 1.5200 I would shut your trade down ... but that is just me

Attached Image (click to enlarge)
Click to Enlarge Name: chart2134.png Size: 212 KB
Blogging daily now at www.volume.zone
  • #222,388
  • Apr 29, 2010 2:31am Apr 29, 2010 2:31am
Quoting Dazzer
Agreed Malcolm. I think we'll go up to the upper res line and then maybe a revisit of the lows.

Dazzer
Morning mate! gonna hold onto things today I am also looking north for now short term anyhow hope your day goes well.
Trade what you see never what you think!
  • #222,389
  • Apr 29, 2010 2:32am Apr 29, 2010 2:32am
Quoting pawpaw1000
any particular reason?
lol! yeah following downward trend on the daily. 4140 showing us strong resistance, but I think a fourth assault will see it break. Add to that the negative news seeping into the market, fears for a UK downgrade etc.

I'm aware it might rally before it drops, but I think it will drop. I may well be wrong!!
  • #222,390
  • Apr 29, 2010 2:35am Apr 29, 2010 2:35am
1hr t/f consolidates off the pullback hi of 5209 following the 5124 low yesterday....1hr screenshot is below....Bullish feel to the london session so far...

G/L

http://i43.tinypic.com/23hlsnq.jpg
ex member
  • #222,391
  • Apr 29, 2010 2:36am Apr 29, 2010 2:36am
well I closed after malcolms accurate prediction...

will watch closely
@pawpaw1000 on Twitter
  • #222,392
  • Apr 29, 2010 2:36am Apr 29, 2010 2:36am
Quoting malcolmb14
how much dd can you take ?

just a question

weekly range is complete ... all this Greece shit and gu cannot even touch 1.5000 yet .

this is basing on larger channel low for now

4hr close above 1.5200 I would shut your trade down ... but that is just me

Attachment

And THIS is why I should stick to card tricks! LOL!! thanks for advice Put a big stop loss in but if it looks like it's going to follow your chart I'll get out of there and look to re-enter at a higher price.
  • #222,393
  • Apr 29, 2010 2:37am Apr 29, 2010 2:37am
[quote=malcolmb14;3682430]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[/QUOTE]

guessing going well so far

now can we break 5200 and complete range at 5240
Blogging daily now at www.volume.zone
  • #222,394
  • Apr 29, 2010 2:39am Apr 29, 2010 2:39am
Quoting TheCatsPJs
Morning mate! gonna hold onto things today I am also looking north for now short term anyhow hope your day goes well.

Good morning to you Cats. Looks like we're testing the daily open again and if you draw a fib from yesterdays high to low, today's open is 4 pips away from the 50% retrace. Just my two penneth. Good luck whichever side you're on.

Dazzer
  • #222,395
  • Apr 29, 2010 2:41am Apr 29, 2010 2:41am
[quote=malcolmb14;3682503]
Quoting malcolmb14
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[/QUOTE]

guessing going well so far

now can we break 5200 and complete range at 5240
Your reputation precedes you.

Dazzer
  • #222,396
  • Apr 29, 2010 2:42am Apr 29, 2010 2:42am
[quote=Dazzer;3682510]
Quoting malcolmb14

Your reputation precedes you.

Dazzer
lucky guess and fact we had stopping vol on 5 min on way down

that made me reenter a long
Blogging daily now at www.volume.zone
  • #222,397
  • Apr 29, 2010 2:45am Apr 29, 2010 2:45am
malcolmb

Ahh right you are my good man! I must concentrate more! Out of that silly short now - luckily only put a small amount on it. Thanks for your advice - appreciate it!
  • #222,398
  • Apr 29, 2010 2:46am Apr 29, 2010 2:46am
Quoting The Magician
malcolmb

Ahh right you are my good man! I must concentrate more! Out of that silly short now - luckily only put a small amount on it. Thanks for your advice - appreciate it!
too bad I put a large amount on...
@pawpaw1000 on Twitter
  • #222,399
  • Apr 29, 2010 2:47am Apr 29, 2010 2:47am
[quote=malcolmb14;3682516]
Quoting Dazzer

lucky guess and fact we had stopping vol on 5 min on way down

that made me reenter a long
I'm still long at 1.5186 from the close of the 8:00 M30 candle. That smack back down got the old balloon knot parping, but it looks like to go down, we first need to go up and suck in a few more shorters.
I still agree with your 1.5250 target and that upper res line will probably get closer from now on.

The more we practice, the luckier we get.

Dazzer
  • #222,400
  • Apr 29, 2010 2:49am Apr 29, 2010 2:49am
Quoting al_yaqen
did you will hold until 5025


As posted here Islander and Medici trade the European open

A 40 pip drop down into a 61% retrace ~ MS1 and then a HL so buy and see how far it goes....

Resistance ~5200, with the DP and days open 5 pips higher, then 5225 - 5240 levels from earlier in the week.....

MS1 is at 5165...
Trading Levels with WRBs
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