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Cable Update (GBPUSD)

  • #269,921
  • Jan 25, 2011 6:56am Jan 25, 2011 6:56am
lol at channel bounce

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Hero calls followed by margin calls...
  • #269,922
  • Jan 25, 2011 6:57am Jan 25, 2011 6:57am
Quoting bbakker
My long scalp has been triggered. 1st target 1.5804
hmmm i'll take the sideline....dont trust into the bulls right now.
Hero calls followed by margin calls...
  • #269,923
  • Jan 25, 2011 7:00am Jan 25, 2011 7:00am
Quoting Exsilium
My two cents

Im long at 15769 short term. No target, will close with next wave. Reasons:

1. History shows that anytime RSI(14) goes below 20 it always (as far back as i cared to look) retraces significantly. In addition, RSI(3) is at 1.xx.

1H Chart
might be good for a scalp as I see 15800 hitting before 15740 is taken out....but the RSI thing,depends what you call "significant" - the move NOV22-23 barely retraces 23% before another similar +300 drop
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  • #269,924
  • Jan 25, 2011 7:03am Jan 25, 2011 7:03am
Quoting chazzle
might be good for a scalp as I see 15800 hitting before 15740 is taken out....but the RSI thing,depends what you call "significant" - the move NOV22-23 barely retraces 23% before another similar +300 drop
23% of the recent drop is pretty significant, about 70 pips?
  • #269,925
  • Jan 25, 2011 7:07am Jan 25, 2011 7:07am
volatility stucking in the hole?

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Hero calls followed by margin calls...
  • #269,926
  • Jan 25, 2011 7:15am Jan 25, 2011 7:15am
Quoting Exsilium
23% of the recent drop is pretty significant, about 70 pips?
Fair enough then DEC14-15 1700GMT (RSI<20) GMT drops a further 30 pips before it turns up...both that and the NOV move took 35 hrs - this took 7 - there's a fair bit of momentum there...anyways good luck to us and bbakker (I'm scalping this back to 15800 also)
  • #269,927
  • Jan 25, 2011 7:19am Jan 25, 2011 7:19am
Let the upmove begin. Exsilium, I just you a private message.
  • #269,928
  • Jan 25, 2011 7:23am Jan 25, 2011 7:23am
1.5700 before 1.5800? - I'm short and sticking with it. Target is 1.5700 (The daily .50 Fib)
May the forex be with you |
  • #269,929
  • Jan 25, 2011 7:26am Jan 25, 2011 7:26am
3 pips loss on 1st scalp. Got money back on 2nd scalp and put to BE, but it just took me out!

Attached Image


It need to break 85 to go higher!
  • #269,930
  • Jan 25, 2011 7:27am Jan 25, 2011 7:27am
Quoting FXFundi
1.5700 before 1.5800? - I'm short and sticking with it. Target is 1.5700 (The daily .50 Fib)
  • #269,931
  • Jan 25, 2011 7:30am Jan 25, 2011 7:30am
gu sideline....guys trade eu.....a lot lot lot of easy pips right now on the M5.

gu too smooth... -.-
Hero calls followed by margin calls...
  • #269,932
  • Jan 25, 2011 7:31am Jan 25, 2011 7:31am
Quoting PoundTrader
Could well be. You know how NY likes to take it lower or higher. Maybe they are driving the price up to get a better short entry in!

Still we have some nice demand on h1 that needs to be consumed and I have that ending at 1.5716. Let's see what happens!
  • #269,933
  • Jan 25, 2011 7:33am Jan 25, 2011 7:33am
Quoting PhAnTi'
gu sideline....guys trade eu.....a lot lot lot of easy pips right now on the M5.

gu too smooth... -.-
wonder how many shorted cable this morning.
Enter Signature
  • #269,934
  • Jan 25, 2011 7:36am Jan 25, 2011 7:36am
Quoting PhAnTi'
gu sideline....guys trade eu.....a lot lot lot of easy pips right now on the M5.

gu too smooth... -.-
You're not wrong there! Jeez.. we are battling with a flatliner, whereas fiber is all over the shop!
  • #269,935
  • Jan 25, 2011 7:44am Jan 25, 2011 7:44am
right now it's not doing much, kinda shocked when i opened my fxopen this morning to see how much it had already moved.
Enter Signature
  • #269,936
  • Jan 25, 2011 7:49am Jan 25, 2011 7:49am
mmmm. EU is smack bang in the middle of nowhere right now too.

I'm gonna wait for US open to show direction. Time for some lunch!
  • #269,937
  • Jan 25, 2011 8:00am Jan 25, 2011 8:00am
I'm still short from 15885 as of yesterday.... been in and out a few times..because i've been away from the screen... but still looking for 15719 (swing low 13 jan.according to my data stream) before any commitment to Long other than doing what i do best ...scalping lol.
All systems of divination, like music itself,work through patterns.
  • #269,938
  • Jan 25, 2011 8:05am Jan 25, 2011 8:05am
Quoting kaspopsicle
I'm still short from 15885 as of yesterday.... been in and out a few times..because i've been away from the screen... but still looking for 15719 (swing low 13 jan.according to my data stream) before any commitment to Long other than doing what i do best ...scalping lol.
good going Kas , I know you mean 15985 lol
  • #269,939
  • Jan 25, 2011 8:26am Jan 25, 2011 8:26am
Quoting chazzle
good going Kas , I know you mean 15985 lol
good job someone understands my typos
All systems of divination, like music itself,work through patterns.
  • #269,940
  • Jan 25, 2011 8:35am Jan 25, 2011 8:35am
Quoting chazzle
I'm scalping this back to 15800 also
out of this for little lore than BE pending long 15750 tp 40 sl 20 pending short 15810 tp/sl about 100 each, see you later
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