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Cable Update (GBPUSD)

  • #241,121
  • Jul 27, 2010 4:05am Jul 27, 2010 4:05am
I am too scared to go to 1.5420, so I am out with 40 pips profit
  • #241,122
  • Jul 27, 2010 4:07am Jul 27, 2010 4:07am
Quoting wormboy
you're probably right about the flag. A test of 5422 will still keep the shape of the flag tho.

that be a really big flag then...
Hear the music before the song is over ...
  • #241,123
  • Jul 27, 2010 4:24am Jul 27, 2010 4:24am
I will buy some here @ 1.5462
  • #241,124
  • Jul 27, 2010 4:26am Jul 27, 2010 4:26am
2 Sell stop @ 1.5440
First TP @ 1.5411
Second TP @ 1.5378
both SL @ 1.5505

Break even Second pos after first TP
  • #241,125
  • Jul 27, 2010 4:26am Jul 27, 2010 4:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Seems a good "mini" retrace...going long @ 154300 (order) with SL 154.

EDIT: To hell, going long here only with same SL.


ta
ams
  • #241,126
  • Jul 27, 2010 4:31am Jul 27, 2010 4:31am
Quoting Fudomyo
That's an understatement... lol

If the DPP contains price here, we may get a pullback.
A break below 15440, and price has a good chance of testing prior resistance area 15340 as support. (would be a nice supply run for a proper crack at the WR1 area again)
Well it broke DPP on hourly but my 4h still has 1.5 hours ish to run and if that closes above 1.547 I'm tempted to avoid shorts for now.

Took a long off 1.5445 which was the 50 fib of the swing from Friday (1.5345). Will keep a close stop in case there is a swift move to towards daily S1 (which is also the 61.8% fib of the same swing). That could be another area for a quick bounce.
  • #241,127
  • Jul 27, 2010 4:39am Jul 27, 2010 4:39am
Quoting peach
I will buy some here @ 1.5462
what the Hell is WRONG With you guys Stop Telling the Bankers you are buying here! Everytime you guys open your mouths this thing Drops! I AM SELLING HERE BANKERS THE WHOLE FARM
  • #241,128
  • Jul 27, 2010 4:44am Jul 27, 2010 4:44am
Quoting Allseeingeye
what the Hell is WRONG With you guys Stop Telling the Bankers you are buying here! Everytime you guys open your ...

... feel better day by day.
  • #241,129
  • Jul 27, 2010 4:48am Jul 27, 2010 4:48am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
SL amended to 154400 (bought @ 154500) so 10 pips, won't like it if it comes back now.

ta
ams



Quoting ams
Seems a good "mini" retrace...going long @ 154300 (order) with SL 154.

EDIT: To hell, going long here only with same SL.


ta
ams
  • #241,130
  • Jul 27, 2010 4:53am Jul 27, 2010 4:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Right, off we go towards, anywhere between 155400 - 800.

ta
ams

Quoting ams
SL amended to 154400 (bought @ 154500) so 10 pips, won't like it if it comes back now.

ta
ams
  • #241,131
  • Jul 27, 2010 5:02am Jul 27, 2010 5:02am
Taking profits, 40 pips, on the 3/4 and keeping the rest.. moving stops to break even

Quoting peach
I will buy some here @ 1.5462
  • #241,132
  • Jul 27, 2010 5:07am Jul 27, 2010 5:07am
Quoting GlobalMacro
that be a really big flag then...
you were right about the fake fakey bro
Thank You
  • #241,133
  • Jul 27, 2010 5:10am Jul 27, 2010 5:10am
Quoting Allseeingeye
i use do do it your way & if the price dont stop & lets say we get a hurricane next week & it sends oil all over America & this thing keeps going up, what happens, ill tell you what happens, I get A BONUS & You get a BUST!

hihi, I've banked 40 on half of that short and rest stopped at BE, didn't like thet strong push towards 1.5500 - a lot of buyers at 1.5450(previous swing high), let's see if there is enough power to break further upside....now just sitting and watching maybe waiting for long but only after bigger ret. arrgghh you was right

Mike.
  • #241,134
  • Jul 27, 2010 5:11am Jul 27, 2010 5:11am
Quoting uksnowman
Well it broke DPP on hourly but my 4h still has 1.5 hours ish to run and if that closes above 1.547 I'm tempted to avoid shorts for now.

Took a long off 1.5445 which was the 50 fib of the swing from Friday (1.5345).
Closed at daily R1 1.5532. Nice!
  • #241,135
  • Jul 27, 2010 5:14am Jul 27, 2010 5:14am
Quoting wormboy
you were right about the fake fakey bro
alright bro....what keeps me thinking now is if she's got enough steam to break out of the sucker or just play it fakey again...hmmm
Hear the music before the song is over ...
  • #241,136
  • Jul 27, 2010 5:16am Jul 27, 2010 5:16am
Quoting GlobalMacro
lol...yeah she IS a player...looks like holding here playing a little fakey down here as well before reversing inside the congestion zone and final break afterwards...
There she goes.

Anyway, hope all is going well.

Catch up with you guys later.

Quoting Fudomyo
A break below 15440, and price has a good chance of testing prior resistance area...
15440 held. (15441 actually, ...close enough)
  • #241,137
  • Jul 27, 2010 5:16am Jul 27, 2010 5:16am
Sell

1.5524.. SL 1.5590.. TP 1.5350

Heavy divergence on the hourly, strength will fade as weakness kicks in..

Oh sell oppoertunity in the cross pair too EUR/GBP
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #241,138
  • Jul 27, 2010 5:17am Jul 27, 2010 5:17am
Quoting katrooo
hihi, I've banked 40 on half of that short and rest stopped at BE, didn't like thet strong push towards 1.5500 - a lot of buyers at 1.5450(previous swing high), let's see if there is enough power to break further upside....now just sitting and watching maybe waiting for long but only after bigger ret. arrgghh you was right

Mike.
I dont like what I am seeing for longs I dont like News spikes they usely REVERSE & catch the suckers stuck! I am Starting to short! smaller positions just incase i am wrong! 4hr USDX Turned up & BOY HUGE BULLISH DIVERGANCE & NEWS SPIKE = REVERSE!
  • #241,139
  • Jul 27, 2010 5:20am Jul 27, 2010 5:20am
Quoting Allseeingeye
I dont like what I am seeing for longs I dont like News spikes they usely REVERSE & catch the suckers stuck! I am Starting to short! smaller positions just incase i am wrong!
Yep.

I posted this yesterday. Big boys know where the short stops were, they've just tripped them.
  • #241,140
  • Jul 27, 2010 5:21am Jul 27, 2010 5:21am
Quoting Fudomyo
There she goes.

Anyway, hope all is going well.

Catch up with you guys later.



15440 held. (15441 actually, ...close enough)
it certainly did...take care Fudomyo...
Hear the music before the song is over ...
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