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Cable Update (GBPUSD)

  • #240,501
  • Jul 23, 2010 4:08am Jul 23, 2010 4:08am
Quoting wormboy
Don't worry. Once cable clears 5388 cleanly, the only way is up. She's gonna rocket into outer space. Get ready
Agree, I see nothing but strength now, on daily, 4 hour, 60 min .. she's been dying to do this for days...
******************* I'd rather make money than be right.
  • #240,502
  • Jul 23, 2010 4:08am Jul 23, 2010 4:08am
Quoting uksnowman
Lovely job . Both my longs on GU hit TP of 5330 while I was out of the house, nice! 1.54 came a lot quicker than I thought but I wasn't able to re-enter for it, still I won't be greedy, it has been a good couple of days!
cheers rich. yup been a lovely trading week.
Let's wait for the final breakout
Thank You
  • #240,503
  • Jul 23, 2010 4:10am Jul 23, 2010 4:10am
Quoting gotpips92
i think picking a top would be dangerous. extremly dangerous considering this train is on a one way trip...
So do I, that's why I haven't take the trade. I got a resistance @5404, but I'm no maniac to stand on a train's way!! It's just that GAP thing, i just can't get it out of my head.
  • #240,504
  • Jul 23, 2010 4:11am Jul 23, 2010 4:11am
Quoting maurofx
So do I, that's why I haven't take the trade. I got a resistance @5404, but I'm no maniac to stand on a train's way!! It's just that GAP thing, i just can't get it out of my head.

I don't know what broker you use, but all 3 of mine show no gap.
  • #240,505
  • Jul 23, 2010 4:12am Jul 23, 2010 4:12am
Quoting maurofx
So do I, that's why I haven't take the trade. I got a resistance @5404, but I'm no maniac to stand on a train's way!! It's just that GAP thing, i just can't get it out of my head.
Head the warning - lol!!
http://i25.tinypic.com/raw26b.jpg
ex member
  • #240,506
  • Jul 23, 2010 4:12am Jul 23, 2010 4:12am
Quoting cloggie
I don't know what broker you use, but all 3 of mine show no gap.
ditto
  • #240,507
  • Jul 23, 2010 4:13am Jul 23, 2010 4:13am
Quoting cloggie
I don't know what broker you use, but all 3 of mine show no gap.
FX Solutions has a gap on 1 min from 5354 to 5364

Sorry .. I mean forex.com, that is where my MT4 chart is hosted .. FX Sol gapped as well but I don't have charting just platform so not sure by how much.
******************* I'd rather make money than be right.
  • #240,508
  • Jul 23, 2010 4:13am Jul 23, 2010 4:13am
Quoting maurofx
So do I, that's why I haven't take the trade. I got a resistance @5404, but I'm no maniac to stand on a train's way!! It's just that GAP thing, i just can't get it out of my head.
there is no gap.
Thank You
  • #240,509
  • Jul 23, 2010 4:13am Jul 23, 2010 4:13am
Quoting 4xStar
Agree, I see nothing but strength now, on daily, 4 hour, 60 min .. she's been dying to do this for days...
Take care @ 1.5412
  • #240,510
  • Jul 23, 2010 4:14am Jul 23, 2010 4:14am
iv got a 6 pip gap on 5min alpari
  • #240,511
  • Jul 23, 2010 4:14am Jul 23, 2010 4:14am
Quoting cloggie
I don't know what broker you use, but all 3 of mine show no gap.
Alpari US...a huge one. Does anybodie else has it???

Quoting bbmac
Head the warning - lol!!
http://i25.tinypic.com/raw26b.jpg
Can't open it man! seems to be bad attached!!
  • #240,512
  • Jul 23, 2010 4:15am Jul 23, 2010 4:15am
actually i do have a gap. but i do not think it will get filled...
  • #240,513
  • Jul 23, 2010 4:17am Jul 23, 2010 4:17am
Here you go. From 5334 low to 5372 open of the next bar.
Attached Image (click to enlarge)
Click to Enlarge Name: gap.jpg Size: 226 KB
  • #240,514
  • Jul 23, 2010 4:17am Jul 23, 2010 4:17am
Here is one min:
Attached Image (click to enlarge)
Click to Enlarge Name: 60.gif Size: 13 KB
******************* I'd rather make money than be right.
  • #240,515
  • Jul 23, 2010 4:18am Jul 23, 2010 4:18am
Quoting egkid
Take care @ 1.5412
My view @1.5440 will be the next resistant, h4 seen 2 doji there . Careful there, bro. Happy pips

Quoting 4xStar
Here is one min:
Fast and Furious 4.
  • #240,516
  • Jul 23, 2010 4:19am Jul 23, 2010 4:19am
does anyone think that this will be condusive to pyramiding some longs?
  • #240,517
  • Jul 23, 2010 4:21am Jul 23, 2010 4:21am
Quote
Originally Posted by egkid
Take care @ 1.5412

Quoting special0nefx
My view @1.5440 will be the next resistant, h4 seen 2 doji there . Careful there, bro. Happy pips


Fast and Furious 4.
'
'I think she will have those 2 numbers for lunch .... but then
I've been wrong before
******************* I'd rather make money than be right.
  • #240,518
  • Jul 23, 2010 4:21am Jul 23, 2010 4:21am
5400 .. who would've thunk ..

oh wait .. i did
final target hit. done for the week.
Thank You
  • #240,519
  • Jul 23, 2010 4:23am Jul 23, 2010 4:23am
Quoting wormboy
there is no gap.
I have forex.com account and yes, there is a small gap on 30 min chart.

I am natural short trader, over 85% of my trades are short, but I can't see any short trade on GBP/USD right now. That's why I short EUR/GBP

  • #240,520
  • Jul 23, 2010 4:24am Jul 23, 2010 4:24am
If you believe in the maxim of buy low/sell hi then as a trader we wait for the pullbacks in a strong uptrend and buy then...if however you believe in buy hi/sell higher than trading b/o's is also valid....personally I prefer the former as most b/o's are false and very often we see the '2nd b/0' phenomenon where price breaks out, pulls back and then the 2nd b/o is the truest after the weak have been shaken out...personally I only buy/sell b/o's under certain overall PA circumstances.

G/L
ex member
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