Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #267,281
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Dec 24, 2010 1:21am Dec 24, 2010 1:21am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Lively bunch in here tonight...

Post #267,282
Quote
Dec 24, 2010 1:27am Dec 24, 2010 1:27am

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?

Post #267,283
Quote
Dec 24, 2010 1:28am Dec 24, 2010 1:28am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting apt

Disliked

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?

Ignored

Between the two red lines... no more... no less... well probably less...lol

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Post #267,284
Quote
Dec 24, 2010 1:43am Dec 24, 2010 1:43am

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,826 Posts

Support held, R1 target hit....

Chart 1, target zones
Chart 2, current

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

Post #267,285
Quote
Dec 24, 2010 1:44am Dec 24, 2010 1:44am

apt
| Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts

Quoting Ctic

Disliked

Between the two red lines... no more... no less... well probably less...lol

Ignored

Thanks, looks like a clear break & close of top resistance is breakout mode.

Post #267,286
Quote
Dec 24, 2010 1:58am Dec 24, 2010 1:58am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Alright.. couldn't help myself... went short

Post #267,287
Quote
Dec 24, 2010 2:07am Dec 24, 2010 2:07am

apt
| Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts

Quoting Ctic

Disliked

Alright.. couldn't help myself... went short

Ignored

Why?

Post #267,288
Quote
Dec 24, 2010 2:09am Dec 24, 2010 2:09am

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.

Post #267,289
Quote
Dec 24, 2010 2:17am Dec 24, 2010 2:17am

javapips
| Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts

Quoting rugevo

Disliked

I placed 2 short levels on cable .5450 and .5485 ...is any one short??? If yes, what is your take profit level???

Ignored

it's better to ask "where is your stop level" save is already good for you,

I will be the number one Manager.

Post #267,290
Quote
Dec 24, 2010 2:29am Dec 24, 2010 2:29am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting apt

Disliked

Why?

Ignored

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..

Post #267,291
Quote
Dec 24, 2010 2:32am Dec 24, 2010 2:32am

apt
| Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts

Quoting Ctic

Disliked

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..

Ignored

I'd imagine volume is too low today to do so. Let's watch.

Post #267,292
Quote
Dec 24, 2010 2:42am Dec 24, 2010 2:42am

kkblr2007
| Joined Dec 2010 | Status: Junior Member | 1 Post

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).

Post #267,293
Quote
Dec 24, 2010 3:01am Dec 24, 2010 3:01am

javapips
| Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts

give attention at this hour, could down if not make a higher candle..

I will be the number one Manager.

Post #267,294
Quote
Dec 24, 2010 3:47am Dec 24, 2010 3:47am

untusoft
| Joined Dec 2010 | Status: Member | 94 Posts

Wish magix r2 will not appear this hour..

short at 1.5470 ... t/p 1.5430 ...
I hope it will work...

Post #267,295
Quote
Dec 24, 2010 4:16am Dec 24, 2010 4:16am

redbeben
| Commercial Member | Joined Feb 2010 | 2,739 Posts

I think I will go long TP 1.56

we might reach it by new year

Post #267,296
Quote
Dec 24, 2010 4:21am Dec 24, 2010 4:21am

untusoft
| Joined Dec 2010 | Status: Member | 94 Posts

Thanks God...
t/p exactly at 1.5430
Now I can go to sleep...

Post #267,297
Quote
Dec 24, 2010 4:47am Dec 24, 2010 4:47am

Ifty
| Joined May 2009 | Status: Member | 1,124 Posts

Quoting redbeben

Disliked

I think I will go long TP 1.56 we might reach it by new year

Ignored

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!