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Cable Update (GBPUSD)

  • #274,341
  • Mar 17, 2011 1:44pm Mar 17, 2011 1:44pm
Quoting redbeben
all shorts on GJ closed now
GU still to go down some more pips now we have the ichi cross on M5 already

we will still bounce here and there but will go there till tmr I guess.if not I will close manually the shorts at midnight.plenty of pips profit so far anyway so no need to be greedy
I mooved the TP to 1.61 now
I expect a no fly zone in lybia and apparently the defence minster just said he will shoot everybody if they will have external forces there....mening the crisis escalates meaning USD will go down and pound up

hmmm
  • #274,342
  • Mar 17, 2011 3:04pm Mar 17, 2011 3:04pm
I will call this PA ''Lambada''

I guess all of you know the song and dance ...this is the hip movement from that dance ) up down up down

damn it,it's all jayLo's and pitbull's fault with the new song )
  • #274,343
  • Mar 17, 2011 3:17pm Mar 17, 2011 3:17pm
Quoting bbakker
Pennant forming on m5... usually indicates a continuation pattern... but not always

I am on the sidelines... nothing is tickling my fancy right now!
good man..wait for a signal..personally i think it will go down..pennant on 4hr..next 4hr might give a signal to sell especially if the new candle forms below the trendline


in the meanwhile, this utube video is worth a listen:-

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  • #274,344
  • Mar 17, 2011 3:32pm Mar 17, 2011 3:32pm
for the scalpers amongst us....
static support at 16117/112. Dynamic support ..200ema at 16109.
How you doing ? Long time no see.
All systems of divination, like music itself,work through patterns.
  • #274,345
  • Mar 17, 2011 3:38pm Mar 17, 2011 3:38pm
Quoting kaspopsicle
for the scalpers amongst us....
static support at 16117/112. Dynamic support ..200ema at 16109.
How you doing ? Long time no see.
im good sweetheart, just incredibly busy with work n all..hardly get time to sit by the computer these days..your analysis yur spot on!

im basically short because i dont think we can offically break the downtrend without usd at least playing out some kind of recovery

if on the monthly the red line goes..start buying dips..this could just be the turning point for pound to sink..only time gonna tell..be lucky
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  • #274,346
  • Mar 17, 2011 3:47pm Mar 17, 2011 3:47pm
Quoting nAVIN2007
im good sweetheart, just incredibly busy with work n all..hardly get time to sit by the computer these days..your analysis yur spot on!

im basically short because i dont think we can offically break the downtrend without usd at least playing out some kind of recovery

if on the monthly the red line goes..start buying dips..this could just be the turning point for pound to sink..only time gonna tell..be lucky
Yeah ...you spot on too, good days and greenies to you.
All systems of divination, like music itself,work through patterns.
  • #274,347
  • Mar 17, 2011 4:26pm Mar 17, 2011 4:26pm
Quoting Kelisa
Suddenly volume dropped..Hah! Guess I am addicted to scalping by PA and Volume.
Yeah good to check your watch lol scalp o' clock is normally over by London close and yes volume drops, price can weave around MAs , if you use them, they are less reliable after London close
  • #274,348
  • Mar 17, 2011 4:52pm Mar 17, 2011 4:52pm
morning all...,i close half long here...,still far from my target (1.64), but she may back to around 6060 (london open) if she is not in hurry...

see u...,(back to sleep... )
I will be the number one Manager.
  • #274,349
  • Mar 17, 2011 5:08pm Mar 17, 2011 5:08pm
market is no moving

all the world waiting for a breaking up or down

once in a day all traders agree all together same thing
90% of traders use TA, indicators and prediction
  • #274,350
  • Mar 17, 2011 5:12pm Mar 17, 2011 5:12pm
Quoting _BBKing_
market is no moving

all the world waiting for a breaking up or down

once in a day all traders agree all together same thing
What session is it now?
  • #274,351
  • Mar 17, 2011 5:14pm Mar 17, 2011 5:14pm
Quoting chazzle
What session is it now?
session of chart study
90% of traders use TA, indicators and prediction
  • #274,352
  • Mar 17, 2011 5:49pm Mar 17, 2011 5:49pm
Quoting _BBKing_
session of chart study
  • #274,353
  • Mar 17, 2011 5:56pm Mar 17, 2011 5:56pm
Quoting chazzle
if you use them, they are less reliable after London close
come to think of it , they are less reliable on London open also,with the surge in volume , especially big in cable , can be more like stock market open
  • #274,354
  • Mar 17, 2011 5:59pm Mar 17, 2011 5:59pm
Quoting _BBKing_
session of chart study
Keep it up , you'll get there.
All systems of divination, like music itself,work through patterns.
  • #274,355
  • Mar 17, 2011 6:16pm Mar 17, 2011 6:16pm
Quoting chazzle
come to think of it , they are less reliable on London open also,with the surge in volume , especially big in cable , can be more like stock market open
Shoooooooot.... Chaz...
Are we talking unreliable ma's ?
Chuck us over the unreliable Cognac., i'm alnost at B/E .
All systems of divination, like music itself,work through patterns.
  • #274,356
  • Mar 17, 2011 6:17pm Mar 17, 2011 6:17pm
no fly zone on lybia
oil will see new highs...

is it needed to pay attention if us dollar goes stronger?
shuold be better keep an eye on it, something can change...

what do you think guys?
90% of traders use TA, indicators and prediction
  • #274,357
  • Mar 17, 2011 7:33pm Mar 17, 2011 7:33pm
ok i shorted 6110
if i will be able to put stops @BE will try 30% position to go below 5980

lets see
90% of traders use TA, indicators and prediction
  • #274,358
  • Mar 17, 2011 7:42pm Mar 17, 2011 7:42pm
Quoting _BBKing_
no fly zone on lybia
oil will see new highs...

is it needed to pay attention if us dollar goes stronger?

what do you think guys?
It's what you are trading , yes better keep at least one eye on it , lol
  • #274,359
  • Mar 17, 2011 7:48pm Mar 17, 2011 7:48pm
Quoting chazzle
It's what you are trading , yes better keep at least one eye on it , lol
...yeah... some times my brain is not connected with words...

i dont like my short position i dont like these moves!
i closed n now i go to bed.

got huge profits on eur jpy n oil buy!
have a good session bybye
90% of traders use TA, indicators and prediction
  • #274,360
  • Mar 17, 2011 8:08pm Mar 17, 2011 8:08pm
Long 16105 good support 16080 area
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