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Cable Update (GBPUSD)

  • #223,981
  • May 5, 2010 11:10am May 5, 2010 11:10am
Quoting lexazver
my ''hunch target'' of 5150-60 region was not reached (albeit by 5-6 pips) but hourly close is quite bullish
Look at aussie.. what a nice engulfing candles.. managed to get in right at the bottom.. yeah, it's pretty bullish atm..
  • #223,982
  • May 5, 2010 11:10am May 5, 2010 11:10am
Quoting lexazver
3

heh, i guess i was not greedy enough with EURO>

haha, the same here, minutes ago i took a gbp short for 12 pips and chickend out
  • #223,983
  • May 5, 2010 11:11am May 5, 2010 11:11am
Quoting The Magician
cheers, I'll look into it.
You might want to try the demo first to get use to it.. its different than mt4..
  • #223,984
  • May 5, 2010 11:13am May 5, 2010 11:13am
i c... thx clogg...


Quoting cloggie
The conservatives are known here as the Tories, so that's David Cameron.
i'll do my best, and let the old lady decide where she wanna go
  • #223,985
  • May 5, 2010 11:16am May 5, 2010 11:16am
off topic

the loonie i have at an asc. trendline, could this be a buy right now?
I´m not so familiar with this pair. (cloggie, maybe a guess?)
  • #223,986
  • May 5, 2010 11:19am May 5, 2010 11:19am
Quoting dag777
off topic

the loonie i have at an asc. trendline, could this be a buy right now?
I´m not so familiar with this pair. (cloggie, maybe a guess?)
Which loonie pairs? is it the candy?
  • #223,987
  • May 5, 2010 11:19am May 5, 2010 11:19am
Quoting A-speculator
Look at aussie.. what a nice engulfing candles.. managed to get in right at the bottom.. yeah, it's pretty bullish atm..
Diddo. I got woke up super early this morning and saw it bounce off my resistance so I sold it at 9081. Cashed out at 9067, only to see I could have had quite a few more pips.Was gonna do the same trade with cable, but even though they usually do the same action, aussie for some reason was doing it faster.

Just wondering, did anyone buy cable against the trend when it bounced off support at 5070?
  • #223,988
  • May 5, 2010 11:20am May 5, 2010 11:20am
Quoting A-speculator
Which loonie pairs? is it the candy?


yesssssssssssssssssssss

cady
  • #223,989
  • May 5, 2010 11:22am May 5, 2010 11:22am
Quoting Ineedpips9
Diddo. I got woke up super early this morning and saw it bounce off my resistance so I sold it at 9081. Cashed out at 9067, only to see I could have had quite a few more pips.Was gonna do the same trade with cable, but even though they usually do the same action, aussie for some reason was doing it faster.

Just wondering, did anyone buy cable against the trend when it bounced off support at 5070?
Somebody here did bought @ 5070... I canceled my PO @ that particular price when i saw the long bear candle in 4h.. so, currently in no position for cable..
  • #223,990
  • May 5, 2010 11:23am May 5, 2010 11:23am
Quoting A-speculator
Which loonie pairs? is it the candy?
sorry, usdcad i mean
  • #223,991
  • May 5, 2010 11:25am May 5, 2010 11:25am
Quoting kill56
yesssssssssssssssssssss

cady
I was expecting a retest at the breakout point.. I know it's a bit lower than the actual breakout point, but depending on the PA, I will adjust later..
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  • #223,992
  • May 5, 2010 11:28am May 5, 2010 11:28am
Quoting dag777
sorry, usdcad i mean
Well mate, loonie = CAD, UCAD = candy.. I suppose..
  • #223,993
  • May 5, 2010 11:32am May 5, 2010 11:32am
Quoting A-speculator
I was expecting a retest at the breakout point.. I know it's a bit lower than the actual breakout point, but depending on the PA, I will adjust later..
ok,

i mean this line, but i might be totally wrong, could also break to the downside, will watch it
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  • #223,994
  • May 5, 2010 11:37am May 5, 2010 11:37am
Quoting A-speculator
I was expecting a retest at the breakout point.. I know it's a bit lower than the actual breakout point, but depending on the PA, I will adjust later..

its a crazy day we are trading the news not the charts although we go back to the chart any thing could move the market up or down cable is waiting for the election and eur is handling the cable for now they walk together hit and run is the best till we see a clear sign of a trend sup/res is the best indi for now
  • #223,995
  • May 5, 2010 11:39am May 5, 2010 11:39am
Quoting dag777
ok,

i mean this line, but i might be totally wrong, could also break to the downside, will watch it
Since 4h candle is almost engulf, I think the best strategy is to sell rallies (make sure the 4h has confirmed the engulf first). But if you're looking to scalp, I'm sorry mate, you are asking the wrong person, I'm not specialist in scalping and I'm afraid I will give you the wrong advise.

But if you're looking to swing.. since I'm bullish that pair, I will only be looking to buy dips, the price that I'm interested in is the breakout point of the triangle..
  • #223,996
  • May 5, 2010 11:41am May 5, 2010 11:41am
hey guys I'm calling it a day... a very good day! see you at LO or earlier. Be good

h.
"The real genius is knowing when to stop." - Marc Faber
  • #223,997
  • May 5, 2010 11:41am May 5, 2010 11:41am
Quoting kill56
its a crazy day we are trading the news not the charts although we go back to the chart any thing could move the market up or down cable is waiting for the election and eur is handling the cable for now they walk together hit and run is the best till we see a clear sign of a trend sup/res is the best indi for now
Yups.. I think we will range in between the 50 and the 61 fibo level.. maybe tomorrow we can see some action.. until then, I will only have my PO at 61 fibo, it might not get filled but I have no interest to trade @ price in between the levels..
  • #223,998
  • May 5, 2010 11:45am May 5, 2010 11:45am
Quoting A-speculator
Yups.. I think we will range in between the 50 and the 61 fibo level.. maybe tomorrow we can see some action.. until then, I will only have my PO at 61 fibo, it might not get filled but I have no interest to trade @ price in between the levels..
true

i will also keep an eye on the dow
  • #223,999
  • May 5, 2010 11:46am May 5, 2010 11:46am
Quoting hhitch
hey guys I'm calling it a day... a very good day! see you at LO or earlier. Be good

h.
t c mate enjoy
  • #224,000
  • May 5, 2010 11:55am May 5, 2010 11:55am
If big money decided to put their money into cable anticipating the Torries victory, they are not going to put all the money at once. They will buy into it at retracements. So as long as cable moves up in a channel pattern I am in, cable out of channel I am out of my trade, cause it means no more money are coming in,

I might be wrong, just my way of thinking
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