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Cable Update (GBPUSD)

  • #225,561
  • May 11, 2010 5:30am May 11, 2010 5:30am
From today's Times newspaper...

Goldman Sach's traders recorded their first perfect quarter, ending every business day of the first three months of 2010 in the black. They made more than $100m on 35 days, $75m+ on 16 days, $50m on 5 days and a measly $25m on the other seven days. The trading and principal investment arm, which includes proprietary trading made almost $10.2 billion in the quarter from $7.1 billion last year!

Sounds fishy to me
  • #225,562
  • May 11, 2010 5:32am May 11, 2010 5:32am
Quoting pawpaw1000
closed for 25...
Here comes L4
  • #225,563
  • May 11, 2010 5:33am May 11, 2010 5:33am
Quoting pawpaw1000
closed for 25...
Quoting bbakker
Here comes L4
Not so fast young man... I hear you mutter!
  • #225,564
  • May 11, 2010 5:34am May 11, 2010 5:34am
Quoting bbakker
Not so fast young man... I hear you mutter!
wheres l4?

We have to break the low to go any further otherwise we are ranging...
@pawpaw1000 on Twitter
  • #225,565
  • May 11, 2010 5:37am May 11, 2010 5:37am
1BB take a look
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  • #225,566
  • May 11, 2010 5:37am May 11, 2010 5:37am
Quoting bbakker
Not so fast young man... I hear you mutter!
ooh! That hurts, closing trade early kills me! could've made almost double what I did... darn!

watching 4745 closely...
@pawpaw1000 on Twitter
  • #225,567
  • May 11, 2010 5:37am May 11, 2010 5:37am
Quoting 2way trader
I'm also short try to pick 1.4751 - 1.4761 as a target .. let see how it's play..
yeah..nice pips... TP reach..
  • #225,568
  • May 11, 2010 5:40am May 11, 2010 5:40am
Quoting pawpaw1000
wheres l4?

We have to break the low to go any further otherwise we are ranging...
Ignoring my charts from earlier this morning now

http://www.forexfactory.com/showthre...52#post3714252

1.47ish... although Kill has brought something to my attention!
  • #225,569
  • May 11, 2010 5:40am May 11, 2010 5:40am
Quoting wormboy
screwy pa.
price below do & dp, halted by yesterday's low & one subltl.
100 pips separates the mentioned levels, highly dense area.
I'd get off the low tf & move up to the higher tf for confirmation for a trade to avoid whipsaw.
Good luck
Wormie, I'll see at 1.4000 bro

Check out my dragon trade mate, I was on 1000 pips on the fall with 1 of my trade but the bitch just bounce bounce and bounce, now i''m loading on the bounce ...

http://www.forexfactory.com/showpost...stcount=225551
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #225,570
  • May 11, 2010 5:43am May 11, 2010 5:43am
Quoting 2way trader
yeah..nice pips... TP reach..
Also m5 is showing a potential hammer, which might indicate reversal. This might make m15 a new head and shoulders pattern, but all this still needs confirmation!
  • #225,571
  • May 11, 2010 5:46am May 11, 2010 5:46am
PO buy 61.8 % fibo 1.4474 - 1.5053 --> 1.4707 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #225,572
  • May 11, 2010 5:46am May 11, 2010 5:46am
I think it's just re-testing the 50% fibonacci at 64

Quoting bbakker
Also m5 is showing a potential hammer, which might indicate reversal. This might make m15 a new head and shoulders pattern, but all this still needs confirmation!
"The real genius is knowing when to stop." - Marc Faber
  • #225,573
  • May 11, 2010 5:46am May 11, 2010 5:46am
Quoting bbakker
Also m5 is showing a potential hammer, which might indicate reversal. This might make m15 a new head and shoulders pattern, but all this still needs confirmation!
also see a little retrace to 4785
@pawpaw1000 on Twitter
  • #225,574
  • May 11, 2010 5:48am May 11, 2010 5:48am
Quoting pawpaw1000
ooh! That hurts, closing trade early kills me! could've made almost double what I did... darn!

watching 4745 closely...

no rush put the camarilla on u chart it will be more clear
  • #225,575
  • May 11, 2010 5:52am May 11, 2010 5:52am
Quoting manize
PO buy 61.8 % fibo 1.4474 - 1.5053 --> 1.4707 !

hey bro how are u
  • #225,576
  • May 11, 2010 5:53am May 11, 2010 5:53am
Quoting hhitch
I think it's just re-testing the 50% fibonacci at 64
I'm hoping a retest of 200ma on m1, before we continue south!
  • #225,577
  • May 11, 2010 6:02am May 11, 2010 6:02am
dow down dixy is soooooooooooo hoooooooooooooooony 84.60 24 and 55 on m5
  • #225,578
  • May 11, 2010 6:04am May 11, 2010 6:04am
Quoting bbakker
I'm hoping a retest of 200ma on m1, before we continue south!
Doesn't look like it. Closed my long scalp for a 15 pip loss! Need to work on that one
  • #225,579
  • May 11, 2010 6:05am May 11, 2010 6:05am
Its just a classic Descending Triangle break and test spitting out pips like a lawnmower spits out grass.

Jim
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  • #225,580
  • May 11, 2010 6:06am May 11, 2010 6:06am
update
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