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Cable Update (GBPUSD)

  • #226,901
  • May 17, 2010 1:56am May 17, 2010 1:56am
with their minds
  • #226,902
  • May 17, 2010 2:02am May 17, 2010 2:02am
Quoting CoffeeDrinke
with their minds
lol
  • #226,903
  • May 17, 2010 2:03am May 17, 2010 2:03am
Quoting wormboy
how's it going manize
had one failed attempt earlier, but holding another long from 1.4284.
Looking towards the d1 close later before deciding what to do with this current trade ; close above 4550, I will carry this trade, if it fails then I'll take the money.
Let's see how it goes. Hope you're trading well brother
Thank you Wormie and congratz for enter long from the bottom ! The first resistant is 1.4413 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,904
  • May 17, 2010 2:05am May 17, 2010 2:05am
Quoting digger1
Took a small posistion short not going to matter much either way to me , we do have S2 sitting at 1.4414 we could get a pop to there also tgt somewhere near the previous low if we get started in that direction , still have the london open to get thru so it may dance around abit here
still holding your short sir?
Revesal Trader
  • #226,905
  • May 17, 2010 2:14am May 17, 2010 2:14am
Quoting mygoldenpips
still holding your short sir?
took a 10 pip loss on the 1st one , shorted S2 the 1st time and got it back plus a few currently flat waiting to to see if we do get a push down again , keeps going may have to think the other way lol
  • #226,906
  • May 17, 2010 2:14am May 17, 2010 2:14am
Quoting manize
Thank you Wormie and congratz for enter long from the bottom ! The first resistant is 1.4413 !
noted bro, i took partial profit @4423. We're looking at the same level
Thank You
  • #226,907
  • May 17, 2010 2:21am May 17, 2010 2:21am
Quoting Ctic
Wrong chart in previous post... that was GJ, but same situation.. Here is cable chart.
Like I said critical spot and major support.. Won't break on the first pass (hence the bounce).
  • #226,908
  • May 17, 2010 2:22am May 17, 2010 2:22am
Quoting mygoldenpips
still holding your short sir?
Didnt recommend anything so hope you seen that , scalp trades happen a little to fast to post them , had a chance to get out with profit on the 1st one , held a touch too long , 2nd one marked is the one tht made up for that loss and another 20 , just goes to show when frankie and london fire up its time for business not chatting lol
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  • #226,909
  • May 17, 2010 2:28am May 17, 2010 2:28am
Holding short from 4431, 5m 200 on deck, seems as good as place as any.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,910
  • May 17, 2010 2:30am May 17, 2010 2:30am
Quoting Magix
Holding short from 4431, 5m 200 on deck, seems as good as place as any.
ah that is a very sweet spot on tht chart ha ha couple pips worse entry than you but in there too
  • #226,911
  • May 17, 2010 2:36am May 17, 2010 2:36am
same boat got in at 1.4425, seems S2 is supporting pretty good
  • #226,912
  • May 17, 2010 2:42am May 17, 2010 2:42am
Quoting Skyhawks
same boat got in at 1.4425, seems S2 is supporting pretty good
was a nice boat to catch lol
  • #226,913
  • May 17, 2010 2:43am May 17, 2010 2:43am
Quoting Magix
Holding short from 4431, 5m 200 on deck, seems as good as place as any.
What is your TP, if you don't mind?
  • #226,914
  • May 17, 2010 2:44am May 17, 2010 2:44am
yea veryyy happpy =), gonna add on the 5 min 24ma
  • #226,915
  • May 17, 2010 2:50am May 17, 2010 2:50am
Quoting The Magician
What is your TP, if you don't mind?
Depends on how London treats the new bottom.

Challenge and break, or fall short, will be watching 4323 as possible support, a failure of hold there and will see if I can close LOD.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,916
  • May 17, 2010 2:59am May 17, 2010 2:59am
Quoting Magix
Depends on how London treats the new bottom.

Challenge and break, or fall short, will be watching 4323 as possible support, a failure of hold there and will see if I can close LOD.
ok, cheers. Made some silly mistakes this morning and it's turned a profit into a small loss, which is annoying. Hopefully turn things around now... Good luck all
  • #226,917
  • May 17, 2010 3:08am May 17, 2010 3:08am
Took an exit, seems we have a little support at pivot and I have faired well on the day.

Night guys.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,918
  • May 17, 2010 3:15am May 17, 2010 3:15am
Quoting wormboy
noted bro, i took partial profit @4423. We're looking at the same level
Will look to hold the remaining positions till at least the d1 close later after previous h4 closed an inside bar.
4650 is likeliest first target level. Time will tell.
Good luck.
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Thank You
  • #226,919
  • May 17, 2010 3:38am May 17, 2010 3:38am
So, I'm looking @ a bullish triangle on 15m chart.. top of it being 1.4440. its also the 50 fib of fridays high and todays low, and the 23fib of last weeks high and todays low. I'm thinking 1.4500-1.4550 would be a good area to short for the next ride down. I'll wait for PA.. Happy trading everybody !
  • #226,920
  • May 17, 2010 3:48am May 17, 2010 3:48am
Hi all. Even though i have taken a long position, i do not have any clear signals trend has changed as trend line still has some short side to complete. Monitoring this pair on the 4hr only suggest we might go up, but like i said no clear signals, so using the shorter time frame to continue monitoring resistance on the upside. 14472-1.4480 is my limit for t.p on the upside. A break on the 4hrs candle closing bullish would clear mu doubt. Only time would tell......... Good luck all
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