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Cable Update (GBPUSD)

  • #254,921
  • Sep 22, 2010 2:41am Sep 22, 2010 2:41am
Quoting Bull_Bear
TP adjusted to 1.5800
Talking about TP. I have mine at 1.578 and 1.582 due to the top of the channel. Pound loves to put itself in tunnel.
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  • #254,922
  • Sep 22, 2010 2:42am Sep 22, 2010 2:42am
Quoting chazzle
just looking at possible resistance sep 17 high...I am out already...dont want to chance [email protected] 20 high.

BTW the way I trade-I try to catch a few 10-20 pip moves in the day...looking for probable 10-20s
Thanx...I shorted it too at the potential resistance mentioned above...1min set-up trigger...I trade in much same way as you by the sounds of it..
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ex member
  • #254,923
  • Sep 22, 2010 2:43am Sep 22, 2010 2:43am
Quoting bbmac
Price found a top at the moment at the bottom of that 1hr/4hr previous swing hi zone (= prev res=potential res) also 150% swing up of yesterday's pip range....

I wonder how many have been tempted in short by the 15min bearish engulfing with 30min Doji that developed ??

G/L
For me a short look tempting But also a bit to risky.
Would have been for a small gain:
1.5665
1.5640
1.5610

Are you tempted to short?
If you are. What are your Tps?
  • #254,924
  • Sep 22, 2010 2:47am Sep 22, 2010 2:47am
15685 gone...next support 15660...starting to go long

15660-sep 19 high and that little plateau we had in asian last night
  • #254,925
  • Sep 22, 2010 2:48am Sep 22, 2010 2:48am
We might get a bearish 4h candle if this price holds at this level until the close in 13 min.
  • #254,926
  • Sep 22, 2010 2:51am Sep 22, 2010 2:51am
Quoting Sunsi
For me a short look tempting But also a bit to risky.
Would have been for a small gain:
1.5665
1.5640
1.5610

Are you tempted to short?
If you are. What are your Tps?

For me going counter trend can be as hi in probability as going with trend, so yes I did short (see post above) mostly though in strong trends I look for opportunities to get with the trendafter pullbacks timed with hidden divergence @ potenbtial sbr/rbs with a good pa trigger ...on this occassion as the 15/30min candles closed and there were bearish divergence patterns suppoirting reversal set-ups on those 2 t/f's I was tempted to hold for an extended target which I did...out of the short now though.

15min is shown below:

I have no Tips-Lol !! Sorry...trade what you see is my only tip
G/L

http://www.easy-upload.net/fichiers/...1092295029.gif
ex member
  • #254,927
  • Sep 22, 2010 2:55am Sep 22, 2010 2:55am
Quoting bbmac
For me going counter trend can be as hi in probability as going with trend, so yes I did short (see post above) mostly though in strong trends I look for opportunities to get with the trendafter pullbacks timed with hidden divergence @ potenbtial sbr/rbs with a good pa trigger ...on this occassion as the 15/30min candles closed and there were bearish divergence patterns suppoirting reversal set-ups on those 2 t/f's I was tempted to hold for an extended target which I did...out of the short now though.

15min is shown below:

I have no Tips-Lol...
I meant whats yout TargetPoints
Good post I understood your entry! =)
  • #254,928
  • Sep 22, 2010 2:55am Sep 22, 2010 2:55am
seller gets absorbed quickly,
the diva don´t give good opportunity to get on board
DXI at about 80, gold at about 1290,
if DXI goes below 80 and we get a hawkish tone at MPC,
1.60 comes faster then supposed
  • #254,929
  • Sep 22, 2010 3:01am Sep 22, 2010 3:01am
Quoting chazzle
15685 gone...next support 15660...starting to go long

15660-sep 19 high and that little plateau we had in asian last night
out for 15

will perhaps look for test of 15660 before re-entry
  • #254,930
  • Sep 22, 2010 3:08am Sep 22, 2010 3:08am
There is never a dearth of free advice here, even though the pro adviser never follows his own advice cos *AFRAID** They all bore me.
Someone said he already adjusted his TP to 1.58 ask him why and he doesn't know, ask him to show you chart he actually has a trade. . .hmmm to the winds Whatta thread. Free useless advice everywhere.

Good morning gents and babes.

Precap2
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #254,931
  • Sep 22, 2010 3:11am Sep 22, 2010 3:11am
Quoting chazzle
out for 15

will perhaps look for test of 15660 before re-entry
long again@15670
  • #254,932
  • Sep 22, 2010 3:15am Sep 22, 2010 3:15am
Don't you guys have a feeling that these institutional traders are on crack or something else lately, especially during the London open,
They start off taking the pound up or down 20 pips or so, then they all reverse 20-50 pips, and so on. They can't pick direction so they keep reversing their positions over and over again. I understand its technical, however what can possibly change in 30 seconds.

Regards
  • #254,933
  • Sep 22, 2010 3:15am Sep 22, 2010 3:15am
I'm waiting for MPC. The higher trend is up, although some major indecision visible on the H1, M30 and M15 t/f.

Just going to see where she actually wants to go.

BBmac - great posts again!
  • #254,934
  • Sep 22, 2010 3:16am Sep 22, 2010 3:16am
Quoting chazzle
long again@15670
out for 12 - possible couple of hangmen on 15m..looking again for 15660 and possibly 15645(post FOMC high)
  • #254,935
  • Sep 22, 2010 3:18am Sep 22, 2010 3:18am
Quoting chazzle
out for 12 - possible couple of hangmen on 15m..looking again for 15660 and possibly 15645(post FOMC high)
You are trading well today sir
  • #254,936
  • Sep 22, 2010 3:18am Sep 22, 2010 3:18am
did you trade based on others ? wake and grow up !!!!

dont always ask your mama for milk....


Quoting Precap2
There is never a dearth of free advice here, even though the pro adviser never follows his own advice cos *AFRAID** They all bore me.
Someone said he already adjusted his TP to 1.58 ask him why and he doesn't know, ask him to show you chart he actually has a trade. . .hmmm to the winds Whatta thread. Free useless advice everywhere.

Good morning gents and babes.

Precap2
not euphoria follower
  • #254,937
  • Sep 22, 2010 3:19am Sep 22, 2010 3:19am
Quoting Delite
I'm waiting for MPC. The higher trend is up, although some major indecision visible on the H1, M30 and M15 t/f.

Just going to see where she actually wants to go.

BBmac - great posts again!
Think the MPC will have big impact?
  • #254,938
  • Sep 22, 2010 3:19am Sep 22, 2010 3:19am
Quoting chazzle
long again@15670

23.6% 5503-5715 is where it bounced there.

Uk data in 10mins or so

G/L
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ex member
  • #254,939
  • Sep 22, 2010 3:20am Sep 22, 2010 3:20am
Quoting Sunsi
You are trading well today sir
thanks Sunsi
  • #254,940
  • Sep 22, 2010 3:20am Sep 22, 2010 3:20am
Quoting grashid
Grass man, how are you buddy?

I suppose you ridng her too
Veni, Vidi, Vici (We came, we saw, we conquered)
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