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Cable Update (GBPUSD)

  • #237,541
  • Jul 13, 2010 4:50am Jul 13, 2010 4:50am
Quoting kingsteven
Wait for me.
Short @1.5106
my SL @1.5119
  • #237,542
  • Jul 13, 2010 4:52am Jul 13, 2010 4:52am
looking for punch up bar 10 min from now... I hope
  • #237,543
  • Jul 13, 2010 4:52am Jul 13, 2010 4:52am
Quoting damonl
Watch the shorts guys.. when moves like this happen, the 1M may take a short breather, but as soon as the 55 SMA gets close, it usually starts pushing the price again. Sometimes it does not even wait until it gets close. Other times it comes back to the 200 SMA, but this was a pretty strong move.

Attachment

agree, although I had a 1min bearish osc div based reversal set-up there I chose to ignore it and will look for a decent 'with trend' pullback entry on 1m 5min or 15min ... if it sets-up.

G/L
ex member
  • #237,544
  • Jul 13, 2010 4:52am Jul 13, 2010 4:52am
Quoting GlobalMacro
throw 'em all in....and turn up the BASS....
GM the MUGS of ALL MUGS....

Stich me and Wormie on a bet.

Where you been bro, long time no see mate. Back in the game from your long vacation ay?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #237,545
  • Jul 13, 2010 4:52am Jul 13, 2010 4:52am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
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  • #237,546
  • Jul 13, 2010 4:53am Jul 13, 2010 4:53am
Quoting Galation
This could easily become a bull flag with the last move being the pole. There could be a bit of ranging, even consolidation, then a further move up.

The NY open will decide.

no accident where is decided to pause..new candle will open start of new range most likely..to test the highs
looks like azim playing the 61.8 fib to the downside..will be interesting..
need to close on 4hr above 1.51
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  • #237,547
  • Jul 13, 2010 4:54am Jul 13, 2010 4:54am
Quoting okie
Good luck bro.
Thanks bro
Thank You
  • #237,548
  • Jul 13, 2010 4:54am Jul 13, 2010 4:54am
Hi
Price might retest the highs on the 60min IMO Weekly R1 if not I still walk away with a 4% increase to myaccount hope for 5%
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #237,549
  • Jul 13, 2010 5:00am Jul 13, 2010 5:00am
Quoting Galation
Are you cost averaging this position you're in?
no david I was flat earlier.
I bought wee bit early, closed for a bit of profit. Then I sold, closed that position with a small loss. And I sat out during the news release & the upmove. Hadn't made any serious money yet today.
Thank You
  • #237,550
  • Jul 13, 2010 5:01am Jul 13, 2010 5:01am
4hr closed above 1.51..
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  • #237,551
  • Jul 13, 2010 5:01am Jul 13, 2010 5:01am
Quoting Bull_Bear
GM the MUGS of ALL MUGS....

Stich me and Wormie on a bet.

Where you been bro, long time no see mate. Back in the game from your long vacation ay?
LOL
wass happenin' my bro....?....no no vacation this time had to work on a project in fact now I would love to go on vacation....
how are you my man?
Hear the music before the song is over ...
  • #237,552
  • Jul 13, 2010 5:05am Jul 13, 2010 5:05am
Quoting GlobalMacro
LOL
wass happenin' my bro....?....no no vacation this time had to work on a project in fact now I would love to go on vacation....
how are you man?
You know me bro, kicking around, making just enough BEER MONEY TM
to feed my appetite.

Good to see you back in the game mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #237,553
  • Jul 13, 2010 5:06am Jul 13, 2010 5:06am
Quoting nAVIN2007
wormie..u smart man u
looking to test the high of yesterday for a few

basically got a bullish outside bar on yesterday dailly precision gonna be needed

Quoting GlobalMacro
momentum too strong now for that bro...maybe couple notches higher...?...
thanks guys
I'm just going for the odd 30-40 if possible. Good area I took it off from I reckon. Let's see how this goes

Good luck!
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Thank You
  • #237,554
  • Jul 13, 2010 5:07am Jul 13, 2010 5:07am
Quoting wormboy
no david I was flat earlier.
I bought wee bit early, closed for a bit of profit. Then I sold, closed that position with a small loss. And I sat out during the news release & the upmove. Hadn't made any serious money yet today.
Wormie wots doing bro jumping in and out?

Thats not how you roll mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #237,555
  • Jul 13, 2010 5:09am Jul 13, 2010 5:09am
Quoting Bull_Bear
You know me bro, kicking around, making just enough BEER MONEY TM
to feed my appetite.

Good to see you back in the game mate.
I know I know bro...thanks man...it's good to be back...
Hear the music before the song is over ...
  • #237,556
  • Jul 13, 2010 5:10am Jul 13, 2010 5:10am
Okay.. I am flat for now and going to get some sleep. Good luck with your trades!
"Keep your eyes on the helpers" - Mr. Rogers
  • #237,557
  • Jul 13, 2010 5:11am Jul 13, 2010 5:11am
Quoting bbmac
Hi WM, Weekly Pivot, underside of prev 4hr/daily ascending trendline/channel, 200sma on 4hr and prev 4hr swing lo zone = prev supp=potential sbr...lots of confluence for a sell there !! Gotta make the assumption it's a pullback (to whatever extent) until PA tells us otherwise ?

G/L

hi bmac, yea I took it on the W1 pvp after the m5 produced a shooting star. But thanks for pointing out the rest. I did not notice them, so It's good to know
Yea, I'm assuming this to be a pullback before another retest at the W1 pvp.
Let's see if I'll get some. Good luck to you too
Thank You
  • #237,558
  • Jul 13, 2010 5:14am Jul 13, 2010 5:14am
Quoting Bull_Bear
Wormie wots doing bro jumping in and out?

Thats not how you roll mate.
Yo Q,

lol yea, a hammer & a doji after on the H1 confused me a bit. Seems okay now. How you doing mate
Thank You
  • #237,559
  • Jul 13, 2010 5:14am Jul 13, 2010 5:14am
Quoting bbmac
Hi WM, Weekly Pivot, underside of prev 4hr/daily ascending trendline/channel, 200sma on 4hr and prev 4hr swing lo zone = prev supp=potential sbr...lots of confluence for a sell there !! Gotta make the assumption it's a pullback (to whatever extent) until PA tells us otherwise ?

G/L
1min led the way again there with the bearish osc divergence set-up...I personally didn't short here though.. Lol

G/L
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ex member
  • #237,560
  • Jul 13, 2010 5:17am Jul 13, 2010 5:17am
It's a BAT !

Good Luck !

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R & S , That Is All !...
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