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Cable Update (GBPUSD)

  • #276,881
  • Apr 19, 2011 9:21am Apr 19, 2011 9:21am
Quoting redbeben
we'll see in about 40 min from now on

as I said was waiting for a brake in that particullar area of the cloud ...and it is happening now

10 minutes before london closes normally there is a boom so if we do not reach 1.633X by that time we will have it then

Man seems like u have a magic ball reviling where the price will go. The best trader here definitely.
  • #276,882
  • Apr 19, 2011 9:25am Apr 19, 2011 9:25am
Quoting bonus76
YOU ARE GENIUS

no genius here I'm afraid
I only follow the charts and the stories they tell.If I see a nice story I jump in if not I stay aside.

today's moves only confirm me the bigger picture on the weekly chart.the one I posted several times so far

1.67 TP on longs ...long term meaning 4-5 weeks maximum and then 1.55 drop and then up again to above 1.70 and above 2

now I wait for my longs with TP 1.633X to close and jump back in on longs after the pullback of minimum 36 pips

it will just go like this untill we brake the 1.629X level Friday.

off course all this tech stuff on H1 and H4 could be invalidated by the news more or less except for the weekly one

cheers,
  • #276,883
  • Apr 19, 2011 9:30am Apr 19, 2011 9:30am
hi again

EU as you were talking about here

If price brakes 1.4329 level in the next 4 hours next stop is 1.44 as first TP and second TP is 1.4480 I'm afraid.

so....if I have a clear brake of 1.4329 I'm in for 1.44 first
  • #276,884
  • Apr 19, 2011 9:38am Apr 19, 2011 9:38am
Quoting redbeben
hi again

EU as you were talking about here

If price brakes 1.4329 level in the next 4 hours next stop is 1.44 as first TP and second TP is 1.4480 I'm afraid.

so....if I have a clear brake of 1.4329 I'm in for 1.44 first
Good day,

I'll take your Stoploss then. No Problem.

all the best
  • #276,885
  • Apr 19, 2011 9:41am Apr 19, 2011 9:41am
Quoting TauTrader
Good day to you,

Funny, I am watching 1.4325... If we can get there, I'm selling. Thank you - like your number.

all the best
Good day to you,

touched 1.4325 - in

See you on da adder side.:nerd:
  • #276,886
  • Apr 19, 2011 9:43am Apr 19, 2011 9:43am
Quoting TauTrader
Good day,

I'll take your Stoploss then. No Problem.

all the best

I can share

but I will have no stop loss on this one closer than 1.36

I still stick to my TP of 1.50-1.51 so even if we go down now we will go up again to that level

and the chart on H1
cross made already

we can see RSI mom and stochs are up so we need a pullback that's why I said the next 4 hours will be crucial as if we brake the cloud in the circled area the next stops are the other 2 circles above the cloud

so far GU made it to 1.6323 still 7 pips to go up (I hope)

so on EU if we brake the cloud and stay above the 1.4329 I'm in for long
Attached Image (click to enlarge)
Click to Enlarge Name: EU BRAKE.JPG Size: 170 KB
  • #276,887
  • Apr 19, 2011 9:47am Apr 19, 2011 9:47am
Quoting redbeben
I can share

but I will have no stop loss on this one closer than 1.36

I still stick to my TP of 1.50-1.51 so even if we go down now we will go up again to that level
Good day to you,

All good - Red.

Just having a little fun. what would our lives be without it? You contribute well to the thread and that is appreciated. Funny trading style - but appreciated..

Just keep on Walking.

All further success to you

Warm regards
  • #276,888
  • Apr 19, 2011 9:52am Apr 19, 2011 9:52am
Quoting smikester
This is where I go long. Aware we might retest 1.6270.
Moving SL to BE.
Gone to a better place
  • #276,889
  • Apr 19, 2011 9:53am Apr 19, 2011 9:53am
RED I owe you one! thanks for the pips today. Have a great day everyone.
  • #276,890
  • Apr 19, 2011 9:54am Apr 19, 2011 9:54am
gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
  • #276,891
  • Apr 19, 2011 9:55am Apr 19, 2011 9:55am
Quoting redbeben
we'll see in about 40 min from now on

as I said was waiting for a brake in that particullar area of the cloud ...and it is happening now

10 minutes before london closes normally there is a boom so if we do not reach 1.633X by that time we will have it then

hmm...now I scare the s**t out of me.I'm done for today with a total of 110 pips

shorted GU at 1.6330 TP 1.63 more or less

I expect a 36 pips pullback but smaller is safer
  • #276,892
  • Apr 19, 2011 9:56am Apr 19, 2011 9:56am
Bull Flag on Daily for Cable. Something to watch out for.
  • #276,893
  • Apr 19, 2011 10:04am Apr 19, 2011 10:04am
Quoting redbeben
hmm...now I scare the s**t out of me.I'm done for today with a total of 110 pips

shorted GU at 1.6330 TP 1.63 more or less

I expect a 36 pips pullback but smaller is safer

did it again
  • #276,894
  • Apr 19, 2011 10:06am Apr 19, 2011 10:06am
Quoting redbeben
hmm...now I scare the s**t out of me.I'm done for today with a total of 110 pips

shorted GU at 1.6330 TP 1.63 more or less

I expect a 36 pips pullback but smaller is safer
Yip,

Perfect . Like it a lot.

A bit early - but what do you think about 1.6240 - 1.6230 from here?

Next day or 2

Regards
  • #276,895
  • Apr 19, 2011 10:13am Apr 19, 2011 10:13am
It seems that tomorrow will be worse. I don't want to enter for the moment. too much excitement for my heart. Despite the loss I got some good point for my system so I'll pay back today's loss later. Good luck guys !!
  • #276,896
  • Apr 19, 2011 10:36am Apr 19, 2011 10:36am
Quoting TauTrader
Yip,

Perfect . Like it a lot.

A bit early - but what do you think about 1.6240 - 1.6230 from here?

Next day or 2

Regards
as I said in the first post from 1.633X are a 1.628X pullback

1.63 was the first TP as I cannot count on 628X....not good to be greedy.

my weekly view is the same on as this morning we will bounce on those levels of 6235-629X by friday.

friday if we cross the 629X level it's a go for 6355 area.

the chart shows a bit how I see it for now.not to much action

1.62 can be touched as well as soon as we brake the kumo base on H4 but I doubt it will go much lower than 1.62-1.618X

I need the price to brake the future cloud in that area circled for the long to 1.6355 if not there is a no go.

By late tonight I will have a better view on this.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 brakeout.JPG Size: 192 KB
  • #276,897
  • Apr 19, 2011 11:13am Apr 19, 2011 11:13am
hmm...my fingers get itchy on the EU
we might see the brake.now it is testing it I don't care but still 2-3 hours and if we stop above that 4329 line then we'll have it
  • #276,898
  • Apr 19, 2011 11:19am Apr 19, 2011 11:19am
Quoting redbeben
hmm...my fingers get itchy on the EU
we might see the brake.now it is testing it I don't care but still 2-3 hours and if we stop above that 4329 line then we'll have it
Good day,

I'm still building short.

Regards
  • #276,899
  • Apr 19, 2011 11:25am Apr 19, 2011 11:25am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
TT u need another avatar...seriously your nose in it looks a bit odd

Gold touched $1500 now and silver is at record high, this means every tom, dick and harry will be long



Quoting TauTrader
Good day,

I'm still building short.

Regards
  • #276,900
  • Apr 19, 2011 11:55am Apr 19, 2011 11:55am
Quoting ams
TT u need another avatar...seriously your nose in it looks a bit odd

Gold touched $1500 now and silver is at record high, this means every tom, dick and harry will be long
Good day to you,

OK - BACK to my old stupid self...HAPPY NOW?

I am just trading what I see.. I am useless at fundamentals..useless at all the clever jargon thrown around... Maybe I am the only sucker out there - but short it is.... 7 minutes from now - I will start worrying, or be happy.

Read the sentence below my avatar... ya getit?

See you at the bottom

All that is excellent to you, my friend

Warm regards
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