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Cable Update (GBPUSD)

  • #267,421
  • Dec 28, 2010 3:42am Dec 28, 2010 3:42am
A close on 1hr below 1.5445, i wouldn't b looking to long.... Might take only short entries on swings.... My view!!!!!

Quoting chazzle
added 15432 RR still 1:1.5
  • #267,422
  • Dec 28, 2010 3:45am Dec 28, 2010 3:45am
Quoting fendi
A close on 1hr below 1.5445, i wouldn't b looking to long.... Might take only short entries on swings.... My view!!!!!
we can still both win
  • #267,423
  • Dec 28, 2010 3:56am Dec 28, 2010 3:56am
Quoting fendi
Can u give me a note how this indicator works?
You can find it here:

http://www.forexfactory.com/showthre...84#post4251784

and few pages after that of Magix's posts.

Hope it helps.
  • #267,424
  • Dec 28, 2010 3:57am Dec 28, 2010 3:57am
First target hit, watching to see changes....... wouldnt dare on long until i am sure, trend hasnt changed much........ my target for the week remains 1.5350...... not even breached at all. waiting to see.

Quoting chazzle
we can still both win
  • #267,425
  • Dec 28, 2010 3:57am Dec 28, 2010 3:57am
entered long for gbp/jpy at 126.85...TP 128.00
  • #267,426
  • Dec 28, 2010 4:00am Dec 28, 2010 4:00am
Quoting chazzle
we can still both win
Bounced off the 38.2% fib from yesterday's low to today's high. Hope it continues up from here for you bro. Fingers crossed.
You've got to be IN IT to WIN IT!
  • #267,427
  • Dec 28, 2010 4:02am Dec 28, 2010 4:02am
Closed all short, tempted by 15mins close, waiting proper confirmation.... Looks like you would win also....

Quoting chazzle
we can still both win
  • #267,428
  • Dec 28, 2010 4:02am Dec 28, 2010 4:02am
Quoting chazzle
added 15432 RR still 1:1.5
added @ 15420 , closed the 15432 @ BE for a better average price and to lower risk - looking to stay above 15425 to stay in the trade
  • #267,429
  • Dec 28, 2010 4:03am Dec 28, 2010 4:03am
Thanks.

Quoting gsantri
You can find it here:

http://www.forexfactory.com/showthre...84#post4251784

and few pages after that of Magix's posts.

Hope it helps.
  • #267,430
  • Dec 28, 2010 4:08am Dec 28, 2010 4:08am
Quoting Ifty
Bounced off the 38.2% fib from yesterday's low to today's high. Hope it continues up from here for you bro. Fingers crossed.
been watching that fib Ifty , retrace is 61.8% and then a nice little bounce ... 15425 is the key S/R for me ... above this and I am long biased
  • #267,431
  • Dec 28, 2010 4:38am Dec 28, 2010 4:38am
Quoting chazzle
been watching that fib Ifty , retrace is 61.8% and then a nice little bounce ... 15425 is the key S/R for me ... above this and I am long biased
closed the remaining 2 positions for a total of 10 pips loss - we had an M15 candle close below 15425 , EU approaching Asia high which could provide resistance
  • #267,432
  • Dec 28, 2010 5:05am Dec 28, 2010 5:05am
care is needed.... I would view short as i intend to place shorts, i shouldn't av closed short as there was no need...

Quoting chazzle
been watching that fib Ifty , retrace is 61.8% and then a nice little bounce ... 15425 is the key S/R for me ... above this and I am long biased
  • #267,433
  • Dec 28, 2010 5:07am Dec 28, 2010 5:07am
Looking at a bounce to 1.5450 if long stays in play....

Quoting chazzle
closed the remaining 2 positions for a total of 10 pips loss - we had an M15 candle close below 15425 , EU approaching Asia high which could provide resistance
  • #267,434
  • Dec 28, 2010 5:15am Dec 28, 2010 5:15am
Quoting fendi
care is needed.... I would view short as i intend to place shorts, i shouldn't av closed short as there was no need...
Don't worry too much Fendi , nobody knows what will happen in the future , its how we manage the trade that counts - Plan your trade and trade your plan! It has taken me a long time to realise this
  • #267,435
  • Dec 28, 2010 5:34am Dec 28, 2010 5:34am
have taken a short @ 15440 ... short bias under 15475 so a provisional SL/TP 40/40 to begin with
  • #267,436
  • Dec 28, 2010 5:38am Dec 28, 2010 5:38am
Quoting chazzle
have taken a short @ 15440 ... short bias under 15475 so a provisional SL/TP 40/40 to begin with
took a 2nd @ 15454 ... looking for fake-out on EU . RR minimum 1:1
  • #267,437
  • Dec 28, 2010 5:40am Dec 28, 2010 5:40am
ur sure arent you?
  • #267,438
  • Dec 28, 2010 5:47am Dec 28, 2010 5:47am
Quoting chazzle
took a 2nd @ 15454 ... looking for fake-out on EU . RR minimum 1:1
taken a couple more ... average now 15461
  • #267,439
  • Dec 28, 2010 5:47am Dec 28, 2010 5:47am
One hell of a move up. Will let it run out of steam before shorting. Keeping an eye on the 30 min stochastics to enter short. The higher it goes the better the discount. I'm hoping for 1.5050-1.56 area if todays high is broken. See what happens.
You've got to be IN IT to WIN IT!
  • #267,440
  • Dec 28, 2010 5:52am Dec 28, 2010 5:52am
Quoting freqzz
ur sure arent you?
70 pip move in 25 minutes ... on what I can gather is no news ... can't be sure of anything with this PA
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