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Cable Update (GBPUSD)

  • #222,521
  • Apr 29, 2010 6:19am Apr 29, 2010 6:19am
Quoting TheCatsPJs
Short at 5246 TP 5200
i'm not in favor of shorts but if it gets there, i take it.. i think better to buy any dips atm... my 0.02..
  • #222,522
  • Apr 29, 2010 6:21am Apr 29, 2010 6:21am
Quoting TheCatsPJs
Short at 5246 TP 5200
careful there fella, although sellers making themselves more obvious i dont think we are ready yet for that move to 1.52 without making new high

anything could happen though
  • #222,523
  • Apr 29, 2010 6:21am Apr 29, 2010 6:21am
Quoting bbakker
The upmove might have run out of steam.... waiting for a significant break of the 24ma on m5 before I go short.
Although we still need to retrace back to the 200ma on m30 before we can make any significant moves down, unless the UK get their credit rating downgraded today
  • #222,524
  • Apr 29, 2010 6:22am Apr 29, 2010 6:22am
I went short at 12:00 GMT with 2 trades both with 1.5269 stop.

Entries at 1.5233. 1st TP at 1.51868 and second at 1.51558.

Ooops I've been co-erced into jinxing myself again.

Good luck the bears.

Dazzer
  • #222,525
  • Apr 29, 2010 6:23am Apr 29, 2010 6:23am
Quoting A-speculator
i'm not in favor of shorts but if it gets there, i take it.. i think better to buy any dips atm... my 0.02..
two-vouchers think alike
  • #222,526
  • Apr 29, 2010 6:24am Apr 29, 2010 6:24am
Quoting lexazver
careful there fella, although sellers making themselves more obvious i dont think we are ready yet for that move to 1.52 without making new high

anything could happen though
Cheers for thew heads up will scalp it if i see buyers starting to flow GL and thank you
Trade what you see never what you think!
  • #222,527
  • Apr 29, 2010 6:24am Apr 29, 2010 6:24am
I am not shorting this yet either. Good for scalpers though, lots of consolidation around the resistance. This is where the HFT's go to work.
  • #222,528
  • Apr 29, 2010 6:24am Apr 29, 2010 6:24am
Quoting Dazzer
I didn't go long, I went short. Where did you get that from?????
coz u said u bought..
  • #222,529
  • Apr 29, 2010 6:24am Apr 29, 2010 6:24am
Quoting bbakker
Although we still need to retrace back to the 200ma on m30 before we can make any significant moves down, unless the UK get their credit rating downgraded today

may be but the 1440 holding for now on m30and we are hovering around the 200 on m15 lets see
  • #222,530
  • Apr 29, 2010 6:27am Apr 29, 2010 6:27am
Quoting cloggie
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
Thanks man. With different advice I've acquired from some pro's. I've always believe there is no level the market can not hit. Yeah, each currency pair has his potentials but the market can hit anywhere today above and below expectations. Though Fib traders will admit that the trend is down but I think we are still in a uptrend. Well, I also want to write you that I will one of those waiting for the price to come down and join the ride but still waiting.
  • #222,531
  • Apr 29, 2010 6:27am Apr 29, 2010 6:27am
roooooooooom Greece for sale any body
  • #222,532
  • Apr 29, 2010 6:28am Apr 29, 2010 6:28am
Quoting kill56
roooooooooom Greece for sale any body

I'll buy it of you if you throw in a couple of billion. Won't take drachma's or euros though.
  • #222,533
  • Apr 29, 2010 6:29am Apr 29, 2010 6:29am
http://www.news24.com/World/News/Las...oters-20100429
@pawpaw1000 on Twitter
  • #222,534
  • Apr 29, 2010 6:30am Apr 29, 2010 6:30am
Quoting kill56
may be but the 1440 holding for now on m30and we are hovering around the 200 on m15 lets see
Good point! I have the 1440 and 200 on m30 at the same place now. Maybe we will make 15284 today..... food for thought! Should have kept my long open from this morning... I cashed it in far too early. Oh well. Looking for the next setup!
  • #222,535
  • Apr 29, 2010 6:31am Apr 29, 2010 6:31am
Quoting pawpaw1000
http://www.news24.com/World/News/Las...oters-20100429

Tonight is the final debate, the UK has a weird system called first past the post, luckily even with the Libdems holding 30% of the seats they will only get about 95 seats or so and with Labour in 3rd they will still get the most seats, the Conservative will need another swing of around 7% to gain the absolute majority.
  • #222,536
  • Apr 29, 2010 6:32am Apr 29, 2010 6:32am
Quoting TheCatsPJs
Cheers for thew heads up will scalp it if i see buyers starting to flow GL and thank you
thing is momentum is still up so every down move will get bought into by latecomers and whoever was buying in the first place.

Thing is we saw tripple bottom (which is one of my favourite formations)
and price usualy moves quite far quite quickly away from it, just look at mondays (kinda) tripple top

im not trying to persuade you to get out, decision is yours of course, just sharing my view.

I do feel though that we will see good down movement later today
  • #222,537
  • Apr 29, 2010 6:32am Apr 29, 2010 6:32am
Quoting cloggie
I'll buy it of you if you throw in a couple of billion. Won't take drachma's or euros though.


I wouldn't touch it with a bargepole.
  • #222,538
  • Apr 29, 2010 6:33am Apr 29, 2010 6:33am
Quoting cloggie
I'll buy it of you if you throw in a couple of billion. Won't take drachma's or euros though.

only have maxican pesos will do???
  • #222,539
  • Apr 29, 2010 6:34am Apr 29, 2010 6:34am
Quoting cloggie
Tonight is the final debate, the UK has a weird system called first past the post, luckily even with the Libdems holding 30% of the seats they will only get about 95 seats or so and with Labour in 3rd they will still get the most seats, the Conservative will need another swing of around 7% to gain the absolute majority.
Crap system and they need to change to proportional representation ASAP. Another weakness in British democracy!
  • #222,540
  • Apr 29, 2010 6:34am Apr 29, 2010 6:34am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good lad wormie.

Cable is bullish...hmm let's see 50 pips in last 6 hrs....

Not sure I am convinced yet..


ta
ams


Quoting wormboy
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...
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