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Cable Update (GBPUSD)

  • #267,641
  • Dec 29, 2010 11:35am Dec 29, 2010 11:35am
Quoting navhin
break above 1.5465 might lead us to 1.5490. might consider short from there..


I like you thinking here.
  • #267,642
  • Dec 29, 2010 11:39am Dec 29, 2010 11:39am
looks like the cable struggling to break 1.5465 which is 50% of last week. beware and observe the PA before entering a trade.
  • #267,643
  • Dec 29, 2010 12:15pm Dec 29, 2010 12:15pm
lets see if this jump up holds
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  • #267,644
  • Dec 29, 2010 12:36pm Dec 29, 2010 12:36pm
Quoting Magix
Went short@ 5504 put in 55 pip sl
  • #267,645
  • Dec 29, 2010 12:39pm Dec 29, 2010 12:39pm
Quoting Ctic
Went short@ 5504 put in 55 pip sl
wat's ur TP?
  • #267,646
  • Dec 29, 2010 12:40pm Dec 29, 2010 12:40pm
longs take your pips and run.
  • #267,647
  • Dec 29, 2010 12:45pm Dec 29, 2010 12:45pm
It seems to be quite a thin moment because there is an up-trend and it is unknown if it is going to reverse now.
  • #267,648
  • Dec 29, 2010 12:45pm Dec 29, 2010 12:45pm
Quoting PoundTrader
longs take your pips and run.
not yet
we need to take some bears stop losses .
I SEE YOU !!
  • #267,649
  • Dec 29, 2010 12:52pm Dec 29, 2010 12:52pm
Quoting rome777
It seems to be quite a thin moment because there is an up-trend and it is unknown if it is going to reverse now.
a reversal doesn't seem like on the cards to me.
Enter Signature
  • #267,650
  • Dec 29, 2010 12:54pm Dec 29, 2010 12:54pm
we bulls need a clean break above 1.55
and we are heading to 1.5650 area.


then ultimate target 1.6

and yes I am not on drugs .


below 1.53 and we will be packing our luggage .
I SEE YOU !!
  • #267,651
  • Dec 29, 2010 12:55pm Dec 29, 2010 12:55pm
Quoting dbfusion
not yet
we need to take some bears stop losses .
don't be greedy
  • #267,652
  • Dec 29, 2010 12:55pm Dec 29, 2010 12:55pm
Quoting PoundTrader
longs take your pips and run.
from your posts it doesnt sound like you have more than 5 years trading experience which you stated in your profile
  • #267,653
  • Dec 29, 2010 12:59pm Dec 29, 2010 12:59pm
Quoting Ulterior
from your posts it doesnt sound like you have more than 5 years trading experience which you stated in your profile
lol, im not gonna go there, it all depends on your trading style bro. enjoy your pips.
  • #267,654
  • Dec 29, 2010 1:02pm Dec 29, 2010 1:02pm
Quoting PoundTrader
don't be greedy
I am not .
my position is for free already
I SEE YOU !!
  • #267,655
  • Dec 29, 2010 1:09pm Dec 29, 2010 1:09pm
Quoting dbfusion
I am not .
my position is for free already
cool
  • #267,656
  • Dec 29, 2010 1:33pm Dec 29, 2010 1:33pm
Today will engulf previous 6 candles on the daily (but don't forget freaky xmas trading) ... but an older dtl will come into play between 15580 - 15620 if price gets there over the next few days and a bit of static resistance there also @ 15540

edit: this is a chart I have been looking at for the last few weeks and didnt have access to for the last few days until today , some levels are different to the ones I have been talking about over the last few days , my apologies
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  • #267,657
  • Dec 29, 2010 2:15pm Dec 29, 2010 2:15pm
Quoting navhin
wat's ur TP?
5350 for starters
  • #267,658
  • Edited 2:29pm Dec 29, 2010 2:17pm | Edited 2:29pm
Quoting Magix
Had to pull the trigger on it.Just set up so nicely for me.
Long live the voodoo!!!

I'm still sitting out after my trade earlier. I think we're at a real critical moment right now, as we have now hit yesterday's high. If she breaks this there's a good chance she might go on to confirm a sherpa forming on the 4H chart.You have to also keep in mind the time of day.
  • #267,659
  • Dec 29, 2010 2:18pm Dec 29, 2010 2:18pm
Quoting chazzle
Today will engulf previous 6 candles on the daily (but don't forget freaky xmas trading) ... but an older dtl will come into play between 15580 - 15620 if price gets there over the next few days and a bit of static resistance there also @ 15540

edit: this is a chart I have been looking at for the last few weeks and didnt have access to for the last few days until today , some levels are different to the ones I have been talking about over the last few days , my apologies
It is a strong looking candle for sure. Lets see if it holds... I am short so hopefully it doesn't.. I just don't think there is the volume to really break it, but I could be wrong. Hey that is what SL's are for right...
  • #267,660
  • Dec 29, 2010 2:48pm Dec 29, 2010 2:48pm
Quoting Ineedpips9
Had to pull the trigger on it.Just set up so nicely for me.
Long live the voodoo!!!
that was a nice play earlier dude - what is voodoo? what the bejeezus is a sherpa? .... I will investigate for sure
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