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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting racedesign
No, london open in 13 min....

Thanks, still a bit of a noob
It does look nice for a short though. I agree with you on that. touching 38 fib of yesterdays high low...
I am planning heavy shorts near 4385 / 4340, with targets of 4090
OK, went short 1.4343 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
looking at USD against CAD, CHF and EUR and none of them have reached the Fib retrace which makes me a bit nervous about shorting GBP yet
Quoting forexlion
I am planning heavy shorts near 4385 / 4340, with targets of 4090

think you might be on to something but not sure how you achieved those numbers : )
pretty interesting moves so far on daily

http://img693.imageshack.us/img693/614/21405188.gif
As far as clearing the books is concerned....

Everything below the red bar, London hasn't had a chance to play.

No longs, no shorts....

Am thinking that London will want a chance to if nothing else have this as an area to fill...
Attached Image (click to enlarge)
Click to Enlarge Name: london.jpg Size: 170 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting manize
OK, went short 1.4343 !
Vodo bodooo + 10 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
Quoting manize
OK, went short 1.4343 !
SL?
Revesal Trader
Quoting manize
OK, went short 1.4343 !
I need a better reason to trade against the flow of the river

http://img42.imageshack.us/img42/6805/cableh.gif
Nope not me.


Quoting adamnz
anyone else thinking short GBP/USD about right now ???
Quoting mygoldenpips
SL?
SL ---> closed quickly + 10 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
Quoting forexlion
I need a better reason to trade against the flow of the river

http://img42.imageshack.us/img42/6805/cableh.gif
shit

that spike freaked me out

http://img683.imageshack.us/img683/71/cabled.gif
lol it was fast

TicketOpen TimeTypeSizeItemPriceS / LT / PClose TimePriceCommissionTaxesSwapProfit
23751542010.05.19 10:01sell1gbpusd.1.4355002010.05.19 10:061.4303000520
23753222010.05.19 10:03sell1gbpusd.1.43611.43802010.05.19 10:061.4321000400
Verily, in every difficulties there is relief
Quoting forexlion
I am planning heavy shorts near 4385 / 4340, with targets of 4090
You scrapping this idea now then?

Agreed that spike was pretty nasty - unless you'd just gone short ha!
I wont ever cease to be amazed by fxcm. I just placed a manual buy of GJ at 131.85 and it booked it at 132. I wouldnt mind but the buy price hasnt reached 132 since I placed the booking
tried to copy four charts at once to post what I am looking at but I lack the tools to do it.
Still think US/CAD, US/CHF and US/EU need to hit the 61.80 % fib before I will short them all including GBP. they are close to moving in unison.
worth looking at all of them on 1 H to pull the fib retrace
Quoting forexlion
shit

that spike freaked me out

http://img683.imageshack.us/img683/71/cabled.gif
Malcolm stop selling million $ lots, you freaked me with that spike
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