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Cable Update (GBPUSD)

  • #244,201
  • Aug 9, 2010 1:12am Aug 9, 2010 1:12am
Quoting Jym
Can't decide if I just want to take the profit on those 25 pips or not.

One of the 1st nights I've really traded this pair. If the Euro shot up this time of the night like this I'd know it was just a quick stop hitting spike
The big moves on it usually don't happen for another 30 minutes+
ya it looks like a fake out. but give it atleast 30 mins... When London opens that will the real move.
  • #244,202
  • Aug 9, 2010 1:12am Aug 9, 2010 1:12am
Quoting pj11500
hey Digger I get the white line but not the green
when ever price got around the green line it bounced up , a support area possibly , it was only the asian session not much movement , then frankie opened and popped it above everything , time to watch the good set ups now
  • #244,203
  • Aug 9, 2010 1:12am Aug 9, 2010 1:12am
Quoting Jym
Can't decide if I just want to take the profit on those 25 pips or not.

One of the 1st nights I've really traded this pair. If the Euro shot up this time of the night like this I'd know it was just a quick stop hitting spike
The big moves on it usually don't happen for another 30 minutes+
I took my 24 pips and got out..
  • #244,204
  • Aug 9, 2010 1:13am Aug 9, 2010 1:13am
thank's digger, now long
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  • #244,205
  • Aug 9, 2010 1:15am Aug 9, 2010 1:15am
http://nsa17.casimages.com/img/2010/...1553446479.jpg
  • #244,206
  • Aug 9, 2010 1:15am Aug 9, 2010 1:15am
Quoting trabagwe
thank's digger, now long
well we can always have the frankie fake out so be careful. all we have done so far has matched fridays high twice or there abouts
  • #244,207
  • Aug 9, 2010 1:19am Aug 9, 2010 1:19am
my cad/yen is in profit so i am ok, but i love the stops w/t/5 min chart's but alway's (need) to learn a lot more
  • #244,208
  • Aug 9, 2010 1:20am Aug 9, 2010 1:20am
Quoting trabagwe
my cad/yen is in profit so i am ok, but i love the stops w/t/5 min chart's but alway's (need) to learn a lot more
what average is tht on your chart?
  • #244,209
  • Aug 9, 2010 1:24am Aug 9, 2010 1:24am
20/50 sma an red 200
  • #244,210
  • Aug 9, 2010 1:32am Aug 9, 2010 1:32am
Lost a couple pips but looks like I got out just in time at +22 pips
  • #244,211
  • Aug 9, 2010 1:40am Aug 9, 2010 1:40am
Solid double tops on 15 min charts on: eur/usd, gbp/usd, and usd,jpy. Look out below when europe and london opens?
  • #244,212
  • Aug 9, 2010 1:58am Aug 9, 2010 1:58am
Quoting trabagwe
20/50 sma an red 200
Was pretty much watching the same lines I drew on your chart you posted , only on a much longer time frame (lot less market noise to sort thru ) 1.5987 was my tgt area from wht happened friday and we havent got above that yet , I have been playing the short side too , have a few things on some longer time frames that says it may be possible but we have to get thru the 5 min 200 , todays pivot point etc , also have to see if london is going to be in a buying or selling mood , I am short atm ,will take profit real quick if we dont get a good stab below the 5 min 200
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  • #244,213
  • Aug 9, 2010 2:09am Aug 9, 2010 2:09am
thank's digger, that help's
  • #244,214
  • Aug 9, 2010 2:09am Aug 9, 2010 2:09am
Long @ 1.5950
SL @ 1.5890
  • #244,215
  • Aug 9, 2010 2:15am Aug 9, 2010 2:15am
Quoting trabagwe
thank's digger, that help's
Hope I didnt mess you up , a 5 min view looks quite a bit different , tried to get one with the same lines on it , this one is close
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  • #244,216
  • Aug 9, 2010 2:17am Aug 9, 2010 2:17am
Quoting Dayboy001
Long @ 1.5950
SL @ 1.5890
Brave after the 2nd/3rd attempt on 6000 ? I see no potential support factors at 5950 here ? Although there is that previous 1hr/4hr swing hi zone but the first rejection of 6000 saw prices dip below it...

Whatever though, G/L
ex member
  • #244,217
  • Aug 9, 2010 2:27am Aug 9, 2010 2:27am
Quoting bbmac
Brave after the 2nd/3rd attempt on 6000 ? I see no potential support factors at 5950 here ? Although there is that previous 1hr/4hr swing hi zone but the first rejection of 6000 saw prices dip below it...

Whatever though, G/L
I think the LO bar needs to close below 5950 if the shorts are going to go anywhere. Even if the hourly does close below, then there are the fibo supports from the NFP bull run (15839-15997). Finally, there is the upper boundary of the previous channel (15865), which has held on three previous hourly attempts to break it.

Just what I see.
  • #244,218
  • Aug 9, 2010 2:32am Aug 9, 2010 2:32am
Attached Image
  • #244,219
  • Aug 9, 2010 2:34am Aug 9, 2010 2:34am
Quoting bbmac
Brave after the 2nd/3rd attempt on 6000 ? I see no potential support factors at 5950 here ? Although there is that previous 1hr/4hr swing hi zone but the first rejection of 6000 saw prices dip below it...

Whatever though, G/L
There are monthly R1 level on 1.59790 (my broker time is GMT+02). This is resistance which GU attacked time times since Friday. I wait when price going thru this level.
  • #244,220
  • Aug 9, 2010 2:34am Aug 9, 2010 2:34am
Paitance, it's the start of the week and there will be plent of chances to trade once it picks a direction.
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