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Cable Update (GBPUSD)

  • #253,241
  • Sep 15, 2010 5:56am Sep 15, 2010 5:56am
Quoting tetis
sell GBP target 50 pips 1.5426
Just out of interest, what is telling you to short?
  • #253,242
  • Sep 15, 2010 5:57am Sep 15, 2010 5:57am
Quoting Delite
Also, try zooming out on your chart, so you can't see the individual candles, it makes the patterns and obvious areas of S & R easier to see.
I'll try that, thanks.
  • #253,243
  • Sep 15, 2010 5:58am Sep 15, 2010 5:58am
Quoting tetis
sell GBP target 50 pips 1.5426
Hope youre right dude! Im short at 5505 from pre-news... Highs have been following an hourly TL down pretty well for a while, hope it keeps doing that. Lows have also been rising consistently unfortunately! May be a better time to be out than in.. sigh... see how she goes.
  • #253,244
  • Sep 15, 2010 5:59am Sep 15, 2010 5:59am
Quoting Ifty
BOE governor King speaking live ATM.

had expected he is talking the pound down,
but no reaction so far,
in his previous speeches he was very dovish
  • #253,245
  • Sep 15, 2010 5:59am Sep 15, 2010 5:59am
Quoting Delite
Just out of interest, what is telling you to short?
my simple indicator only
  • #253,246
  • Sep 15, 2010 6:00am Sep 15, 2010 6:00am
Quoting tetis
my simple indicator only

Ah.
  • #253,247
  • Sep 15, 2010 6:00am Sep 15, 2010 6:00am
Quoting pawpaw1000
Gonna try doing that now as I just got back and immediately noticed the wonderful range
It is so quiet at present, nothing else to trade, try it on demo first.

+84 now
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" Never let the past hold the future to ransom "
  • #253,248
  • Sep 15, 2010 6:03am Sep 15, 2010 6:03am
waiting for breakout...
lost of jobs didnt make too much damage so I am awaiting to break upside... but time will tell...

and last H4 candle looks bullish...
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  • #253,249
  • Sep 15, 2010 6:04am Sep 15, 2010 6:04am
is the pa in short zone ? for simplicity in our daily fibo .

Check how 1H candle around 50 fibo....

Quoting Jazznos
Hope youre right dude! Im short at 5505 from pre-news... Highs have been following an hourly TL down pretty well for a while, hope it keeps doing that. Lows have also been rising consistently unfortunately! May be a better time to be out than in.. sigh... see how she goes.
not euphoria follower
  • #253,250
  • Sep 15, 2010 6:06am Sep 15, 2010 6:06am
Quoting scurt
waiting for breakout...
lost of jobs didnt make too much damage so I am awaiting to break upside... but time will tell...

and last H4 candle looks bullish...

I am with you. Whilst I won't be doing anything until the range breaks, I do think that intraday bias is towards the upside. However, US news at 1.30pm...!
  • #253,251
  • Sep 15, 2010 6:07am Sep 15, 2010 6:07am
Quoting tetis
sell GBP target 50 pips 1.5426
hi tetis, i see a bearish pennant at h1 chart.good luck
yesterday was good, today is the best, tomorrow is amazing.....
  • #253,252
  • Sep 15, 2010 6:12am Sep 15, 2010 6:12am
i m short too 1,5505 with king s speech but i m not sure at the moment
  • #253,253
  • Sep 15, 2010 6:14am Sep 15, 2010 6:14am
Quoting danielabas
hi tetis, i see a bearish pennant at h1 chart.good luck
than k u brother good luck to you
  • #253,254
  • Sep 15, 2010 6:17am Sep 15, 2010 6:17am
Any proper indicators showing to short the pound against the US ? I dont see any activator bars showing a downtrend just yet. Any thoughts? Im seeing signs of uptrend still.
  • #253,255
  • Sep 15, 2010 6:17am Sep 15, 2010 6:17am
Breakout upside confirm on 15M TF... waiting for retreace to load bullets...

Quoting Delite
I am with you. Whilst I won't be doing anything until the range breaks, I do think that intraday bias is towards the upside. However, US news at 1.30pm...!
  • #253,256
  • Sep 15, 2010 6:20am Sep 15, 2010 6:20am
long at 533, stop at 85
  • #253,257
  • Sep 15, 2010 6:20am Sep 15, 2010 6:20am
Quoting Gleneagles
It is so quiet at present, nothing else to trade, try it on demo first.

+84 now
No problem, just got stopped
@pawpaw1000 on Twitter
  • #253,258
  • Sep 15, 2010 6:21am Sep 15, 2010 6:21am
Quoting cloggie
If you go over my posts from the last week you will see where and how I post just about every target and range pretty much to within a pip or 2. Posting my entries without knowing my strategy and R/R ratios is pretty useless, however posting areas of consolidation and intermediate targets is of benefit to readers here.

Last Friday I went through the effort of posting consolidation areas and targets pretty much play by play for both Cable and Fibre and every call was called before areas were reached and were called pretty much to the pip.

I...
I am sure you would not call your entries... if you would the people here will find out how good your system is. Ohh no… It’s about teaching fishing rather giving fish right???
Please don't teach people fishing if you do not know how to do it...
....
I am not going to look at your old posts as you suggested. I am sure I would not be able to find anything. You are covering you butt here nicely by not calling you entries and just posting the exits after the fact... Continue what you are doing,, the newbies here will buy it..
  • #253,259
  • Sep 15, 2010 6:22am Sep 15, 2010 6:22am
Quoting cloggie
Well, that was the right call. See Xxavier, or should I say JavaJames, that's how you make calls, why don't you try it for a day see how you get on.
Thank you kid...I have a system which is working for me. I will stick with it.. Please sell your system to the newbies here.. IF you go back to your older posts and check the people copying/following your system, you will find that its ONLY the noobies..
  • #253,260
  • Sep 15, 2010 6:22am Sep 15, 2010 6:22am
Quoting nAVIN2007
HE IS!!..damn i just wish i could understand what he writes
I dont think there is any1 else in here who has the fundamental knowledge paul has..

interesting observation..we retrace 50% fib level from yesterday low - high..classic retracement value for cable..will she go higher..a bullish weekly close will put us on course for 1.6 test
Good chance, I sense GB-strength looking at USDX.....
Don't be a hero. Don't have an ego. Always question yourself
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