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Cable Update (GBPUSD)

  • #267,281
  • Dec 24, 2010 12:21am Dec 24, 2010 12:21am
Lively bunch in here tonight...
  • #267,282
  • Dec 24, 2010 12:27am Dec 24, 2010 12:27am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
I went long at @ 1.54288 earlier today with SL @ 1.5420.

Looks like it worked out, how far do you guys predict this to go before London open?
  • #267,283
  • Dec 24, 2010 12:28am Dec 24, 2010 12:28am
Quoting apt
I went long at @ 1.54288 earlier today with SL @ 1.5420.

Looks like it worked out, how far do you guys predict this to go before London open?
Between the two red lines... no more... no less... well probably less...lol
Attached Image (click to enlarge)
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  • #267,284
  • Dec 24, 2010 12:43am Dec 24, 2010 12:43am
Support held, R1 target hit....

Chart 1, target zones
Chart 2, current
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: r1hit.jpg Size: 55 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,285
  • Dec 24, 2010 12:44am Dec 24, 2010 12:44am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Ctic
Between the two red lines... no more... no less... well probably less...lol
Thanks, looks like a clear break & close of top resistance is breakout mode.
  • #267,286
  • Dec 24, 2010 12:58am Dec 24, 2010 12:58am
Alright.. couldn't help myself... went short
  • #267,287
  • Dec 24, 2010 1:07am Dec 24, 2010 1:07am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Ctic
Alright.. couldn't help myself... went short
Why?
  • #267,288
  • Dec 24, 2010 1:09am Dec 24, 2010 1:09am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
In my opinion a 15M candle close above 1.5460 sets a target at 1.5542.

Let's see what happens.

****Correction, 1H candle.
  • #267,289
  • Dec 24, 2010 1:17am Dec 24, 2010 1:17am
Quoting rugevo
I placed 2 short levels on cable .5450 and .5485 ...is any one short??? If yes, what is your take profit level???
it's better to ask "where is your stop level" save is already good for you,
I will be the number one Manager.
  • #267,290
  • Dec 24, 2010 1:29am Dec 24, 2010 1:29am
Quoting apt
Why?
Because I don't think we are ready to break out of the range yet... I could be wrong, but it is a low risk high reward trade... SL placed above the red line... we break out... I am out... not risking many pips here..
  • #267,291
  • Dec 24, 2010 1:32am Dec 24, 2010 1:32am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Ctic
Because I don't think we are ready to break out of the range yet... I could be wrong, but it is a low risk high reward trade... SL placed above the red line... we break out... I am out... not risking many pips here..
I'd imagine volume is too low today to do so. Let's watch.
  • #267,292
  • Dec 24, 2010 1:42am Dec 24, 2010 1:42am
If GBP/USD breaks 1.5495 then the next target is1.5575. This may find more resistance between 1.5483-1.5495 area. Before this happens I see a small correction from now (1.5471).
  • #267,293
  • Dec 24, 2010 2:01am Dec 24, 2010 2:01am
give attention at this hour, could down if not make a higher candle..
I will be the number one Manager.
  • #267,294
  • Dec 24, 2010 2:47am Dec 24, 2010 2:47am
Wish magix r2 will not appear this hour..

short at 1.5470 ... t/p 1.5430 ...
I hope it will work...
  • #267,295
  • Dec 24, 2010 3:16am Dec 24, 2010 3:16am
I think I will go long TP 1.56 we might reach it by new year
  • #267,296
  • Dec 24, 2010 3:21am Dec 24, 2010 3:21am
Thanks God...
t/p exactly at 1.5430
Now I can go to sleep...
  • #267,297
  • Dec 24, 2010 3:47am Dec 24, 2010 3:47am
Quoting redbeben
I think I will go long TP 1.56 we might reach it by new year
The daily has shown a bounce off the 200 day MA like I showed yesterday forming a bullish candle. The daily & 4H stochastics both pointing up so your 1.56 is highly possible as long as you are patient I suppose. Best of luck.
You've got to be IN IT to WIN IT!
  • #267,298
  • Dec 24, 2010 6:01am Dec 24, 2010 6:01am
so quiet today ......

where is everybody???

lol aaaaaaaaaaa is Christmas!!!!!!!!!!!

Merry Christmas!!!!!!!!
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... feel better day by day.
  • #267,299
  • Dec 24, 2010 6:05am Dec 24, 2010 6:05am
Quoting zoom
so quiet today ......

where is everybody???

i know, it's like everyone is sleeping...
Enter Signature
  • #267,300
  • Dec 24, 2010 6:15am Dec 24, 2010 6:15am
Quoting vosterfxandy
i know, it's like everyone is sleeping...
It's Christmas! plus most banks are off today
Merry Christmas, Happy vacations!!!
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