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Cable Update (GBPUSD)

  • #222,501
  • Apr 29, 2010 5:52am Apr 29, 2010 5:52am
High volume on that last m30 doji at todays high and what could be a very imperfect hangin man pattern on said TF. Orders getting typed again, but a retrace before 12:00GMT to 45ish will invalidate again.

Good luck

Dazzer
  • #222,502
  • Apr 29, 2010 5:52am Apr 29, 2010 5:52am
Quoting forexlion
sure

http://img521.imageshack.us/img521/9379/pajamas.jpg
Haahahahaha great 1 i know that last 1 was sometime ago can get them all and really i should be less trigger happy. trying to take emotion out of trading isnt easy but a must for long term sucess Gl to you
Trade what you see never what you think!
  • #222,503
  • Apr 29, 2010 5:53am Apr 29, 2010 5:53am
Quoting cloggie
Yup, looking for my 2-3 trades a day on cable at 50-100 pips, be gentle, respect her, treat her nice and she will reward you. Jumping in like a bat our of hell scaring the sh!t out of you and her will not get you anywhere. Respect her resistances and don't force it.

true let her come to u and she will give u all the joy

some news from the eu feds help will be ready for greece in a few days

and the eur gos down WTF
  • #222,504
  • Apr 29, 2010 5:54am Apr 29, 2010 5:54am
Quoting tundeakins
Which indicator are you using? Did you use pivot points?

I don't use indicators, we are at resistance on H1 after 124 pips up, what is the chance of it going further? Give me the odds.
  • #222,505
  • Apr 29, 2010 5:54am Apr 29, 2010 5:54am
Quoting cloggie
Why would anyone buy or sell at 5247, we are at a pivotal resistance on H1 with no clear direction why not wait until we have a confirmation, lots less stress, lots less risk, greater rewards.
I can understand the logic to go short at that level... but why long? WHY????
  • #222,506
  • Apr 29, 2010 5:57am Apr 29, 2010 5:57am
Quoting A-speculator
I can understand the logic to go short at that level... but why long? WHY????
This is what I'm seeing, clear weakness at the green thin line which happens to be 38 fib from Monday's high.

We'll soon find out

Dazzer
Attached Image (click to enlarge)
Click to Enlarge Name: april 27 2.gif Size: 47 KB
  • #222,507
  • Apr 29, 2010 6:00am Apr 29, 2010 6:00am
I guess the price might retest 5200 which is the breakout point from the consolidation.. That's just my 0.02..
  • #222,508
  • Apr 29, 2010 6:02am Apr 29, 2010 6:02am
Short taken.
  • #222,509
  • Apr 29, 2010 6:02am Apr 29, 2010 6:02am
Sell 1.52338, SL:1.52645, TP: 1.5200
Joy in looking and comprehending is nature's most beautiful gift.
  • #222,510
  • Apr 29, 2010 6:02am Apr 29, 2010 6:02am
Quoting Dazzer
This is what I'm seeing, clear weakness at the green thin line which happens to be 38 fib from Monday's high.

We'll soon find out

Dazzer
I'm not questioning your bias... I'm bullish too.. but the price that u took is actually the resistance everyone here's talking about.. it's been repeated many, many times.. yet you long at that price.. unbelievable man..

No hard feelings bro, but I guess you're long too soon.. imho..
  • #222,511
  • Apr 29, 2010 6:03am Apr 29, 2010 6:03am
Quoting tundeakins
Haha, nice, I think we are going far more than 5280
Maybe.
But my position is now flat after banking all. Total accumulation 442 pipperoos

Trades:

1. http://www.forexfactory.com/showpost...postcount=6393
2. http://www.forexfactory.com/showpost...postcount=6400
3. http://www.forexfactory.com/showpost...postcount=6402



By the way, this chart was posted yesterday:
1. http://www.forexfactory.com/attachme...9&d=1272447845

Attached below is the follow up. Line in the sand for bullish continuation is closure above 5280. So be careful building large positions before this level is taken. There is also a possibility of a complex head & shoulder formation building up as long as price keep bouncing in between 5280 & 5125.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 30 KB
Thank You
  • #222,512
  • Apr 29, 2010 6:03am Apr 29, 2010 6:03am
Quoting cloggie
I don't use indicators, we are at resistance on H1 after 124 pips up, what is the chance of it going further? Give me the odds.
Haha, funny. Accept all the mess and shits. Well, I am looking at the 1 hour timeframe. Can see that everybody eye on sell side and will hold on for that. So will just want to ask you one question where is your resistance on 1 hour and how did you get it. Yeah, I knw that the first resistance line today is at 1.5288 Ok. But will like to know how you get yours.
  • #222,513
  • Apr 29, 2010 6:04am Apr 29, 2010 6:04am
So far today L-H Price is at 96% of it's 20day average pip range and 93% of the 52week average pip range so far this week.

http://i43.tinypic.com/14c8tvb.jpg
ex member
  • #222,514
  • Apr 29, 2010 6:06am Apr 29, 2010 6:06am
if the 200 holds then we are going ?????
Attached Image (click to enlarge)
Click to Enlarge Name: 15m cable n.gif Size: 19 KB
  • #222,515
  • Apr 29, 2010 6:08am Apr 29, 2010 6:08am
Short at 5246 TP 5200
Trade what you see never what you think!
  • #222,516
  • Apr 29, 2010 6:08am Apr 29, 2010 6:08am
Quoting bbmac
So far today L-H Price is at 96% of it's 20day average pip range and 93% of the 52week average pip range so far this week.

http://i43.tinypic.com/14c8tvb.jpg
LOOK AT AMR!!! wow, only 2 days left!
@pawpaw1000 on Twitter
  • #222,517
  • Apr 29, 2010 6:11am Apr 29, 2010 6:11am
Quoting tundeakins
Haha, funny. Accept all the mess and shits. Well, I am looking at the 1 hour timeframe. Can see that everybody eye on sell side and will hold on for that. So will just want to ask you one question where is your resistance on 1 hour and how did you get it. Yeah, I knw that the first resistance line today is at 1.5288 Ok. But will like to know how you get yours.
The high of yesterday's bar at 1300 london time. It was 52427, that's my key level for this move up. I called it last night as my target. 52873 is the next one, the high of yesterday 0500 BST
  • #222,518
  • Apr 29, 2010 6:18am Apr 29, 2010 6:18am
The daily t/f is in a ranging mode....Tuesdya's candle body engulfed the previous 5 day's candle bodys and total candles of the Fr, Thurs, Weds, Tues of last week. From the 5523 recent Hi being a HH it has printed a L,Lh,HL,H at Tuesday's Hi and a potential L at Weds Low.

The 4hr is arguably still in a downtrend but yesterday's LL on that t/f at it's yesreday's low has been followed by a LH then a HL and now a H...1hr is arguably looking bullish see-ing a H above the last 3 x LH.

G/L
ex member
  • #222,519
  • Apr 29, 2010 6:18am Apr 29, 2010 6:18am
The upmove might have run out of steam.... waiting for a significant break of the 24ma on m5 before I go short.
  • #222,520
  • Apr 29, 2010 6:19am Apr 29, 2010 6:19am
Quoting A-speculator
I'm not questioning your bias... I'm bullish too.. but the price that u took is actually the resistance everyone here's talking about.. it's been repeated many, many times.. yet you long at that price.. unbelievable man..

No hard feelings bro, but I guess you're long too soon.. imho..
I didn't go long, I went short. Where did you get that from?????
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