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- cloggie replied Mar 22, 2010
RETRACE !!! below 1.5? Am not taking a short yet, no indication where she is going to stop.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Yeah med stocks and insurance companies, they just got 30 million new customers... still need to consolidate with the Senate later this week. miners down on the retrace in gold and oil.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
DJ is up, that should move the dollar down for another rally up on cable. It takes close monitoring today solely because of 1.5 and the huge euro weakness.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
I am out now, awaiting better entry and better PA, not looking hopeful on M5. I am going to scalp the retraces on the M1 until we have a better move up.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Long tight TS, probably just a scalp no momentum She just crossed the 365ma on M5, for the first time in a long time. (last friday on the way down)
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
I am not taking any shorts from here on, just longs. Looking for the breakout. 1.5 is always a tough nut to crack look on H4 how she has been dancing around it once reached.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Just look at the M5 3 bear candles in a row, no matter where she closes on the M15 it is a fake out. Down we go. We ARE still going up, just not right now.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
1.5 takes a lot and yes there was a close above on the M15 however it was accomplished with a bear candle on M5, that's why I called the retracement.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Here is the retracement, may be the 3rd bear candle on M5 and a bear candle on M15
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
A bit too early for my taste. I am still waiting, there is a retracement in the cards here. I can't see the PA on M5 supporting a higher high and the last close of M5 was a bear candle.
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Don't try to pick tops and bottoms, wait for a reversal confirmation. I just got stopped at 5024 by TS, awaiting to see where she goes from here, would like to see a close of M15/M30 above 5015
Cable Update (GBPUSD)
- cloggie replied Mar 22, 2010
Not me, not with the swissy reversing and good momentum above the day's high. That was a good breakout with the M5 closing above.
Cable Update (GBPUSD)