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Cable Update (GBPUSD)

  • #226,541
  • May 14, 2010 5:41am May 14, 2010 5:41am
OMG
hail silver !!!!

Quoting Qu|cksilver
am back!
i'll do my best, and let the old lady decide where she wanna go
  • #226,542
  • May 14, 2010 5:46am May 14, 2010 5:46am
Quoting Qu|cksilver
am back!
You've been missing in action mate?

Back in the game again now?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,543
  • May 14, 2010 5:51am May 14, 2010 5:51am
Quoting Qu|cksilver
am back!
OMG the legend who started it all is here!
Great Bodies are Engineered not Born
  • #226,544
  • May 14, 2010 5:51am May 14, 2010 5:51am
i agree here too as how down can such important currencies go, the market has to get stable again

any other buyers in here today?

Quoting Bull_Bear
I'm a buyer...

1.4547.. SL 1.4460.. TP 1.4800
  • #226,545
  • May 14, 2010 6:01am May 14, 2010 6:01am
Quoting cloggie
Been mucking since 4610
Closed mine for a safe 90, watching the minor retrace before I will jump back in still have 4475 insight.
  • #226,546
  • May 14, 2010 6:06am May 14, 2010 6:06am
Quoting cloggie
Closed mine for a safe 90, watching the minor retrace before I will jump back in still have 4475 insight.
14560/70 level?
Back to basics, it has to be for me!
  • #226,547
  • May 14, 2010 6:10am May 14, 2010 6:10am
Quoting BadTradingFi
14560/70 level?

We had the morning run from the open, now it needs to make up its mind after this consolidation to either give us the retrace to the open or the bearish continuation, once I see either confirmed I will enter again. Not setting any targets to enter out of this consolidation yet. Not interested in small trades of a few pips, am always looking for the bigger moves. Still biased towards 4475, we have some room left in the weekly range and going by the last few weeks, we could easily see another 300 pip move today.

Caveat: It is Freaky Friday so anything can happen.
  • #226,548
  • May 14, 2010 6:13am May 14, 2010 6:13am
Quoting adrianebn
i agree here too as how down can such important currencies go, the market has to get stable again

any other buyers in here today?
Cover at 1.4700, on the way to 1.4800
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #226,549
  • May 14, 2010 6:22am May 14, 2010 6:22am
am selling at 1.4550
"Invest With The Insiders, Not The Masses" George Muzea
  • #226,550
  • May 14, 2010 6:28am May 14, 2010 6:28am
Quoting cloggie
We had the morning run from the open, now it needs to make up its mind after this consolidation to either give us the retrace to the open or the bearish continuation, once I see either confirmed I will enter again. Not setting any targets to enter out of this consolidation yet. Not interested in small trades of a few pips, am always looking for the bigger moves. Still biased towards 4475, we have some room left in the weekly range and going by the last few weeks, we could easily see another 300 pip move today.

Caveat: It is Freaky Friday so anything...


Thankfully not as freaky as last Friday. Has bounced off the trend line I drew earlier, and is going back for another go now by the looks of it. Not exactly moving quickly today!
Back to basics, it has to be for me!
  • #226,551
  • May 14, 2010 6:31am May 14, 2010 6:31am
Quoting BadTradingFi


Thankfully not as freaky as last Friday. Has bounced off the trend line I drew earlier, and is going back for another go now by the looks of it. Not exactly moving quickly today!

What, we dropped 100 from London open in a few hours, no pleasing you is there?

I am letting this compress a bit more before I jump in, you know me, don't like the rapids, always wait for the river to start flowing before I jump on my lilo. Still stocking up on beers and scratchings.
  • #226,552
  • May 14, 2010 6:31am May 14, 2010 6:31am
Quoting Qu|cksilver
am selling at 1.4550
Could you explain why (and I dont want to imply I'm second guessing you at all or anything, I'm just curious to see how people call things).
Back to basics, it has to be for me!
  • #226,553
  • May 14, 2010 6:32am May 14, 2010 6:32am
Quoting Qu|cksilver
am selling at 1.4550
targets
  • #226,554
  • Edited 7:16am May 14, 2010 6:35am | Edited 7:16am
Quoting adrianebn
i agree here too as how down can such important currencies go, the market has to get stable again

any other buyers in here today?
I couldn't help but notice that this opening fulfills the requirements
for the much-fabled Big Ben breakout (.pdfs here and here). It swung
up and then swung down again,...but then it started to consolidate
around 1.4535-1.4555. (There are comments about the BBBreakout
Strategy in the Dec. 2006 issue of Currency Trader, on pg. 8.
Google Breakout! Dollar Dive filetype : pdf and it should be
your first result. Take out the spaces around the colon when you
do so.)

As of 4.5 hours after the London open, the price is still inching up
towards a reversal, and the kumo does thin out on the 15-min. charts
at 1.4585.

Since the new range high is 1.4633, I've put in a buy order for a few
pips above that.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #226,555
  • May 14, 2010 6:35am May 14, 2010 6:35am
Quoting BadTradingFi
Could you explain why (and I dont want to imply I'm second guessing you at all or anything, I'm just curious to see how people call things).
You don't have to follow my call and i don't want anybody to follow me. Why i post just for sharing..

I love the trend this lately.
"Invest With The Insiders, Not The Masses" George Muzea
  • #226,556
  • May 14, 2010 6:36am May 14, 2010 6:36am
Quoting cloggie
What, we dropped 100 from London open in a few hours, no pleasing you is there?

I am letting this compress a bit more before I jump in, you know me, don't like the rapids, always wait for the river to start flowing before I jump on my lilo. Still stocking up on beers and scratchings.
LOL sorry. I missed this mornings boat, going to try to catch the afternoon one and see which way I go (which will be sinking at a guess).
Back to basics, it has to be for me!
  • #226,557
  • May 14, 2010 6:37am May 14, 2010 6:37am
Quoting forexlion
targets
4450
"Invest With The Insiders, Not The Masses" George Muzea
  • #226,558
  • May 14, 2010 6:41am May 14, 2010 6:41am
Quoting BadTradingFi
LOL sorry. I missed this mornings boat, going to try to catch the afternoon one and see which way I go (which will be sinking at a guess).

After a London break like this morning she either reverses or continues, Quicky is looking at the continuation and BB is aiming for the reversal, I am still eyeing the continuation. You need to make your mind up for yourself. We are at the consolidation point after the break from the open. Like they say, sh!t or get off the pot.

It can get confusing taking tradecalls of the forum as we all have different targets, different RR ratios and trade different TF's.

I am watching fibre too as it has consolidated nicely after a London break down.
  • #226,559
  • May 14, 2010 6:46am May 14, 2010 6:46am
Quoting Qu|cksilver
You don't have to follow my call and i don't want anybody to follow me. Why i post just for sharing..

I love the trend this lately.
OK, no problem. Was just curious as there are people going both ways and like to see why calls are made. I'm always getting it wrong so trying to see how people work!
Back to basics, it has to be for me!
  • #226,560
  • May 14, 2010 6:52am May 14, 2010 6:52am
Quoting cloggie
After a London break like this morning she either reverses or continues, Quicky is looking at the continuation and BB is aiming for the reversal, I am still eyeing the continuation. You need to make your mind up for yourself. We are at the consolidation point after the break from the open. Like they say, sh!t or get off the pot.

It can get confusing taking tradecalls of the forum as we all have different targets, different RR ratios and trade different TF's.

I am watching fibre too as it has consolidated nicely after a London break down.
Thanks again, more notes to take

I can't help but think up myself now as it's gone back above that trend line, which of course means I'd go long and kill BB's trade and you and Quicky can cash in!
Back to basics, it has to be for me!
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Jewel1996
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