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Cable Update (GBPUSD)

  • #276,781
  • Apr 18, 2011 8:42am Apr 18, 2011 8:42am
I've been short on g/j since 138, short on e/j since 121.5 & some other shorts as well with other pairs....nailing some major pips right now.
  • #276,782
  • Apr 18, 2011 9:12am Apr 18, 2011 9:12am
Quoting redbeben
ok

now the picture looks clearer
depending on H4 we might hit 1.59 this week

130 on GJ and 1.37 on EU

long term view on all those pairs still the same

1.50-51 for EU in the next 1,1/2 months
1.67 GU same time
GJ 1.48 and above by the end of the year

closed my 2 weeks old shorts now.

adding longs while going down some with 1.67 TP some short term with first TP 1.623

fisrt pull back TP touched
next one is 1.627
  • #276,783
  • Apr 18, 2011 9:46am Apr 18, 2011 9:46am
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
ok just got back i see my t/p got hit, now looking for another swing trade.
  • #276,784
  • Apr 18, 2011 9:57am Apr 18, 2011 9:57am
Quoting Beljevina
Almost ready to close the chapter on this; 6270 and the no demand scenario has played out - although I'd expect a 1.62 test/dip by early next week - think I'll leave some open. 90 minutes to go to the 5pm NY close. If we don't get there in the wee hours, Sunday open should bring us there.
Got our 1.62, and more for shorters. Nice bounce off the descending TL. My only regret is not taking advantage of the to-the-pip touch of the DPP bounce for more shorts. Got a reasonable bounce and buying off the 1.62 area - the M15 dip to 616 shows fairly strong buying support and absorption of panicing longs probably taken in the preceding 2 hours; am expecting another approach to 1.621, will look for reaction, and enter for a possible swing to POC 1.634/632, taking some profits out around 1.626. Let's see what the post-2pm NY time brings.
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  • #276,785
  • Apr 18, 2011 9:57am Apr 18, 2011 9:57am
What a 4 hour candle that started at 9am est....what movement...that's what forex is all about
  • #276,786
  • Apr 18, 2011 10:23am Apr 18, 2011 10:23am
could long EU now TP 1.4320 or wait for confirmation to brake 1.425X level and then TP

could long GU now with tp 1.6280 or could wait for confirmation 1.624X level

could go long GJ now TP 134.56 or could wait for confirmation to brake 133.9X level


On GU the hell's gates have to be confirmed for the 300 pips down
now the price is still in the cloud on H4

on EU and GJ the drop will be there after the pullback.so...general trend for the last 2 pairs is down

for GU as soon as it brakes the H4 bottom and stays there we're down as well.

still the same long term view with bullish on EU and GU
  • #276,787
  • Apr 18, 2011 10:40am Apr 18, 2011 10:40am
Quoting TauTrader
OK.

I am slightly more confident in the EU trade at present - indis just better aligned. So joining long @ 1.4349 with a buy limit @ 1.4330 and @ 1.4320. If we hold this region for the next 30 minutes - it should be good to go.

Regards
Good day to you all,

Just got back into my home office after a slogging day. I got stopped out on EU on all 3 entries. Not nice. But hey - can't win them all. So moving on.

Stop triggered @ 1.4295

My day was sort of saved by the NZD trade entered in on Friday.

http://www.forexfactory.com/showthre...34#post4548334

The trade yielded close to 100 pips - so the day ended flattish adding my 20 pip gain on EU this morning.

So we learn...

All the best
  • #276,788
  • Apr 18, 2011 12:51pm Apr 18, 2011 12:51pm
My current positions;

Cable

Short 1.6250 with limit / TP at 1.6180

Short Entry order to cover retrace at 1.6300 also with limit at 1.6180

--------------------------------------------
GBP/CAD

Long 1.5700 with Limit / TP at 1.5800

Long Entry order to cover retrace at 1.5650 also with limit at 1.5800
Dan TheMan
  • #276,789
  • Apr 18, 2011 1:05pm Apr 18, 2011 1:05pm
Quoting redbeben
could long EU now TP 1.4320 or wait for confirmation to brake 1.425X level and then TP

could long GU now with tp 1.6280 or could wait for confirmation 1.624X level

could go long GJ now TP 134.56 or could wait for confirmation to brake 133.9X level


On GU the hell's gates have to be confirmed for the 300 pips down
now the price is still in the cloud on H4

on EU and GJ the drop will be there after the pullback.so...general trend for the last 2 pairs is down

for GU as soon as it brakes the H4 bottom and stays there we're down as well.

still the...
closed longs on GJ at 134.49

EU will probably not reach the target.
GU still in place for me
  • #276,790
  • Apr 18, 2011 8:13pm Apr 18, 2011 8:13pm
Good day, friends. SHORT @ 6244. Today we have many EU news, so it probably means some movement (finally).
  • #276,791
  • Apr 18, 2011 10:35pm Apr 18, 2011 10:35pm
Quoting redbeben
fisrt pull back TP touched
next one is 1.627
very good
90% of traders use TA, indicators and prediction
  • #276,792
  • Apr 18, 2011 10:42pm Apr 18, 2011 10:42pm
morning,
i see silent thread.
maybe all waitin for market to setup.

looking now charts since yesterday.
what a dirty job has been done.

lets see now which direction we are going.
90% of traders use TA, indicators and prediction
  • #276,793
  • Apr 18, 2011 10:53pm Apr 18, 2011 10:53pm
Quoting TauTrader
Good day to you all,

Just got back into my home office after a slogging day. I got stopped out on EU on all 3 entries. Not nice. But hey - can't win them all. So moving on.

Stop triggered @ 1.4295

My day was sort of saved by the NZD trade entered in on Friday.

http://www.forexfactory.com/showthre...34#post4548334

The trade yielded close to 100 pips - so the day ended flattish adding my 20 pip gain on EU this morning.

So we learn...

All the best
hello,
i have been kicked out on euro too.
lucky me i went long again below 4200. already closed n recovered the loss.
i think we are not the only 2 who have been stopped out yesterday

very good call on nzd usd last friday
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  • #276,794
  • Apr 18, 2011 11:01pm Apr 18, 2011 11:01pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
My euro SL were fooked yesterday but cable balanced all my -ve trades and day ended in little plus. I am neutral or little bullish on cable (till tomm) but I will be scalping now. Markets are way to crazy.

ta
ams



Quoting ams
Cheers TT, I am also doing scalp 30-50 pips trades but vary of dodgy spikes
Bullish on GU.


ta
ams
  • #276,795
  • Apr 18, 2011 11:05pm Apr 18, 2011 11:05pm
Is GBPUSD short a good idea at the moment. i sold it right now..
To Your Success!!
  • #276,796
  • Apr 18, 2011 11:07pm Apr 18, 2011 11:07pm
i noticed this channel bulidin in daily n h4 chart.
now in the middle of it.

if 6220-6230 holds today we can see upper line.
if not 6150 n 6110 comes

agree or disagree?
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90% of traders use TA, indicators and prediction
  • #276,797
  • Apr 18, 2011 11:10pm Apr 18, 2011 11:10pm
Quoting ndsouz
Is GBPUSD short a good idea at the moment. i sold it right now..
Well you sold right into support, not something I would do, but if it breaks there should be a good run down.
Gone to a better place
  • #276,798
  • Apr 18, 2011 11:11pm Apr 18, 2011 11:11pm
For me today is a no trading day is i am always looking for 100 pips. Some of my indicators tell me buy others tell me sell so then i will be sidelined and will come back tomorow morning.
  • #276,799
  • Apr 18, 2011 11:15pm Apr 18, 2011 11:15pm
i think bullish pressure will continue decline the pair and it will futher move towords its new support 1.6175 and 1.6130
  • #276,800
  • Apr 18, 2011 11:16pm Apr 18, 2011 11:16pm
Quoting 0rPhioZ
Good day, friends. SHORT @ 6244. Today we have many EU news, so it probably means some movement (finally).

hello,
i came too late, lost moment to enter short too...
good call bro
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