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Cable Update (GBPUSD)

  • #276,681
  • Apr 17, 2011 7:13pm Apr 17, 2011 7:13pm
Quoting 45Condor
... no, I want Darth Idiot back.

P.S. That is in no way meant to imply what many would would infer..
Good day to you,

Gmmff - just got back at the PC and saw your post ( had to get a few hours sleep).

I changed my avatar so people can take me more seriously. I think it worked.

You got too serious...

All the best with the trades

Regards
  • #276,682
  • Apr 17, 2011 8:12pm Apr 17, 2011 8:12pm
Quoting TauTrader
Good day to you all,

After further study on smaller timeframes, I will be looking to buy @ 1.6265 - 1.6255 area. Since we are floating between extremes on my larger timeframe charts - this will be treated as a scalp. SL 1.6225.

Wish you success for the week ahead.

Regards
Good day,

No longer ideal according to my set of rules. Not going long here. Sitting out.

Regards
  • #276,683
  • Apr 17, 2011 8:20pm Apr 17, 2011 8:20pm
Quoting pdtpatrick
Looks like Cable continues to respect this rising wedge. However as you can see on the second graphic, the teal line (look on blog to get full detail of second graphic) is stalling while the others are continuing to shoot up.

http://i53.tinypic.com/bev4p1.png

http://i52.tinypic.com/1538ygl.png

Seeing this means, the likes of GBPNZD could continue to be a good place to short.

http://i52.tinypic.com/2lxuyo5.png
Good day to you,

Appreciate your charts and comments - please just get your charts sized correctly? The current format messes with the page size and makes scrolling a bit of a problem.

Thanking you
  • #276,684
  • Apr 17, 2011 8:41pm Apr 17, 2011 8:41pm
Quoting Charliyan
if never close, so who is the keeper @ market...????
you might want to check www.xe.com (they are not the "keeper" though )
the pairs move even on saturday and sunday.
  • #276,685
  • Apr 17, 2011 10:26pm Apr 17, 2011 10:26pm
Quoting PoundTrader
still short at 1.6324, t/p 1.6177, s/l 1.6407. looking good so far
still holding short at 1.6324, t/p 1.6177, s/l 1.6407. but im still looking for a good exit it could be 100 or 1,000 pips
  • #276,686
  • Apr 17, 2011 10:29pm Apr 17, 2011 10:29pm
  • #276,687
  • Apr 17, 2011 11:32pm Apr 17, 2011 11:32pm
Quoting PoundTrader
still holding short at 1.6324, t/p 1.6177, s/l 1.6407. but im still looking for a good exit it could be 100 or 1,000 pips
I LONG 6303, TP 6385. It looks like bulls for now.
  • #276,688
  • Apr 17, 2011 11:53pm Apr 17, 2011 11:53pm
I'm looking for a break of the 1.6442 weekly resistance level before going long. Once this breaks i think we will reach 1.69 area
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 78 KB
  • #276,689
  • Apr 18, 2011 12:14am Apr 18, 2011 12:14am
i'm short at 1.6300..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #276,690
  • Apr 18, 2011 12:17am Apr 18, 2011 12:17am
Quoting seekerz
i'm short at 1.6300..
The market is damn slow, although better than last Friday.
  • #276,691
  • Apr 18, 2011 12:26am Apr 18, 2011 12:26am
Quoting 0rPhioZ
The market is damn slow, although better than last Friday.
maybe because no news today...
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #276,692
  • Apr 18, 2011 12:40am Apr 18, 2011 12:40am
and they call these peeps experts, I can agree we all disagree
Attached Image (click to enlarge)
Click to Enlarge Name: gu wack jobbers.GIF Size: 119 KB
Trade Like a Robot make money Like a Bank
  • #276,693
  • Apr 18, 2011 1:57am Apr 18, 2011 1:57am
morning
i closed a quick short.
now i wait if appears reasons to buy it 6260 near....
90% of traders use TA, indicators and prediction
  • #276,694
  • Apr 18, 2011 2:05am Apr 18, 2011 2:05am
Good day to you,

Not a bad place for a little pullback. But rules not aligned - so leaving again. Taking long scalp on EU @ 1.4358 to 1.4350 area.

Regards
  • #276,695
  • Apr 18, 2011 2:05am Apr 18, 2011 2:05am
Quoting seekerz
i'm short at 1.6300..
i'm out for +40..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #276,696
  • Apr 18, 2011 2:10am Apr 18, 2011 2:10am
Quoting seekerz
i'm out for +40..
I'm still holding my LONG 6303, waiting for BE...
  • #276,697
  • Apr 18, 2011 2:13am Apr 18, 2011 2:13am
Quoting TauTrader
Good day to you,

Not a bad place for a little pullback. But rules not aligned - so leaving again. Taking long scalp on EU @ 1.4358 to 1.4350 area.

Regards
morning,
you mean 4450 as target?
90% of traders use TA, indicators and prediction
  • #276,698
  • Apr 18, 2011 2:17am Apr 18, 2011 2:17am
I bought UChf Friday, and am looking to short gold, based off the daily's. We all know what this means for the pound and the euro.

DX is at support, and EU, UChf, and DJIA all printing harmonic patterns with classic daily divergence.

I'd say it's time for a correction.
  • #276,699
  • Apr 18, 2011 2:17am Apr 18, 2011 2:17am
first reaction near 6260
i still wait a bit confirmation on fast TF
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 30 KB
90% of traders use TA, indicators and prediction
  • #276,700
  • Apr 18, 2011 2:21am Apr 18, 2011 2:21am
Quoting _BBKing_
morning,
you mean 4450 as target?
Good day to you,

Scalp only at this point. Will take any pips. We could easily drop to 1.4260 first, as longer term chart for me still favouring downside. 15min chart however shows possible short term pullback.

Longer term pullback only to be confirmed in 2 hrs from now. I will unfortunately be out so will not trade it. If it works - then target for me would be 1.4430 - 1.4460 area.

regards
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