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- cloggie replied Apr 9, 2010
On your first chart with the rounded top the PA crossed below the ma, actually technically the ma crossed above the PA
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Out at 534, this is not going anywhere, no solid PA below 534 to write home about.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
The one on your posted chart. Don't post the f@cking thing and then go on ignoring it.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
No SL, staying behind the screen, I do that usually on day trades, unless I need to fulfill one of the 4 S's
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
What? that ma cross on your chart not good enough to confirm bearish retrace?
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
A very interesting read On the next looming crises to watch, including Oil, water and demographics.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
We won't see 410 today, that's 80 pips away, not likely after a 120 pip run on a friday so far. WE may see 200 on NFP, not on a light day like today.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Short 535, this may develop into something more than just a scalp, M15 dropping below 25ma, still need that close below 53463 to validate the short.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
I realised it is on the red button too on BBC1, at least it was yesterday. Tiger at 1530 UK time.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Cross not looking good, new support formed at 871. If I were a scalper I may think about scalping some shorts here on Cable. Just keep an eye on 534. A close below 53463 may see a fruther bearish retrace.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Stopped at BE+ eg staying above 87 for now. We may have reached the London session high. 5341 is the one to watch. What time is the first tee off?
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
87 on the cross will break 538 on cable. will see 538 broken on the next move up, give it 5-10mins. I was expecting 538 on london close, see post this morning, am now looking at 5392 for a close, if 87 goes.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Every ma on every TF is still pointing up on my charts, so in my humble opinion a retrace is not materialising yet and any shorts is just catching falling knives.
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
I closed mine at +70, however I am not going to short the retraces but will look for long entries instead today. Of course any change of ma's or stubborn resistances may change that intraday bias. If we hit the top of the range before London close, ...
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
The previous 20 days had an average daily range of 136.4, we are now 109.9 up from the open. We broke 53, where do you think London is going to close? I put money on the fact that the break of 53 indicated a possibility of a higher close and made ...
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Malcolm and I are trying to make an important point, don't be so attached to your bias on a day to day basis, play all the sessions individually. You still seem to see every move up as a basis to sell. Maybe today's moves down are actually an ...
Cable Update (GBPUSD)
- cloggie replied Apr 9, 2010
Have a look at the daily, 5381 is a big level to reach. Put up a 25ma on the daily and you can see why the bias has changed. Of course this does not mean that there won't be any good short setups, but the larger moves should be in the long direction ...
Cable Update (GBPUSD)