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Cable Update (GBPUSD)

  • #96,341
  • Nov 7, 2008 9:22am Nov 7, 2008 9:22am
Hello everyone!

I'm long (5735) and not looking to close my position until 5900 area. Becareful loading up on shorts. It's Friday, Oil is up, DOW is up! I'm looking at the 1h 150ema to go short off of.

Good luck trading everyone
Just digging in the trenches like everyone else!
  • #96,342
  • Nov 7, 2008 9:22am Nov 7, 2008 9:22am
Quoting "expert"
1 hr and 4 hr chart are oposit
1hr is uptrnd 4 hr is down trend.We need the saME DIRECTION.i mean this candle will be positive
next 1 hr could go down.

i was saying if we break 5800-5815 area then more up to 5850 area maybe.
to breqk this level i think close above this area and for good 15 to even 30 pips as conformation.

Untill no 1 hr closed below DP or abobe 5850 area we are in wide range which is good as well for ttrade
On borders put pending order because of brokers delay and small SL.places with smal risk.Especialy if we are in range.You can do it 2-3 times maximum after that break wil be on some side.
Ah Ok, thanks for the explanation!

I agree, there is a PPZ at 5850 which would play out as resistance for the short term. Then the longer term, like you said, is bearish so I will definitely be playing out the shorts unless that pin were to break to the upside which is where my stoplosses are placed.
I dream, therefore I become.
  • #96,343
  • Nov 7, 2008 9:24am Nov 7, 2008 9:24am
Quoting eohater
Hello everyone!

I'm long (5735) and not looking to close my position until 5900 area. Becareful loading up on shorts. It's Friday, Oil is up, DOW is up! I'm looking at the 1h 150ema to go short off of.

Good luck trading everyone
Just closed 3 at 5850 and the remaining 3 are SL+25.
Just digging in the trenches like everyone else!
  • #96,344
  • Nov 7, 2008 9:28am Nov 7, 2008 9:28am
That PPZ is holding fairly well it seems like. I'm back to BE on my main position now so I won't be adding any more to it though. Maybe on the ride back down.
I dream, therefore I become.
  • #96,345
  • Nov 7, 2008 9:29am Nov 7, 2008 9:29am
Quoting eohater
Hello everyone!

I'm long (5735) and not looking to close my position until 5900 area. Becareful loading up on shorts. It's Friday, Oil is up, DOW is up! I'm looking at the 1h 150ema to go short off of.

Good luck trading everyone
Great job bro.. If we close outside the channel I posted earlier, then I may close out for a small loss...

How's your back coming along...
Patience + Discipline - Greed = Success
  • #96,346
  • Nov 7, 2008 9:30am Nov 7, 2008 9:30am
Quoting eohater
Just closed 3 at 5850 and the remaining 3 are SL+25.
Just manually closed the remaining 3 at 5815. We get another spike up, I'll short her around 5840 area myself. The last 15m closed candle tells me it's time.
Just digging in the trenches like everyone else!
  • #96,347
  • Nov 7, 2008 9:32am Nov 7, 2008 9:32am
I closed long.Now short.SL BE+1.If new spikes on up i will short from thear again.

If we dont break DP again i will close and quit for today,or go long but i think this is ready for down.

If we close this 4 hr above 5850 area then i will wait for some small retrace and then long again.Then we are above all important lines.

Will see about that later
  • #96,348
  • Nov 7, 2008 9:32am Nov 7, 2008 9:32am
Quoting eohater
Just manually closed the remaining 3 at 5815. We get another spike up, I'll short her around 5840 area myself. The last 15m closed candle tells me it's time.
Very nice! And yeah, that 15 minute is definitely in favor for the bears.
I dream, therefore I become.
  • #96,349
  • Nov 7, 2008 9:32am Nov 7, 2008 9:32am
It's getting better! Thank you for asking. I should be back to 100% after the weekend! I was hoping I would still be in pain to come see you mineral bath specialist. Damn! Next time!
Just digging in the trenches like everyone else!
  • #96,350
  • Nov 7, 2008 9:34am Nov 7, 2008 9:34am
Quoting mike w
Very nice! And yeah, that 15 minute is definitely in favor for the bears.
Alright! I'm on the short bus with you guys, 5825. Let's see her pants fall down now.
Just digging in the trenches like everyone else!
  • #96,351
  • Nov 7, 2008 9:36am Nov 7, 2008 9:36am
Quoting eohater
It's getting better! Thank you for asking. I should be back to 100% after the weekend! I was hoping I would still be in pain to come see you mineral bath specialist. Damn! Next time!
Glad to hear bro... The mineral bath aint going nowhere.... Just give me a shout when you are ready!!..
Patience + Discipline - Greed = Success
  • #96,352
  • Nov 7, 2008 9:37am Nov 7, 2008 9:37am
Quoting eohater
It's getting better! Thank you for asking. I should be back to 100% after the weekend! I was hoping I would still be in pain to come see you mineral bath specialist. Damn! Next time!
  • #96,353
  • Nov 7, 2008 9:37am Nov 7, 2008 9:37am
Quoting mike w
Very nice! And yeah, that 15 minute is definitely in favor for the bears.
Good to see you in the thread Mike!
Just digging in the trenches like everyone else!
  • #96,354
  • Nov 7, 2008 9:38am Nov 7, 2008 9:38am
Ichimoku on 15 is still in bulish position.1 hr as well.If 1 hr close abobe 5831....

oh man so if you are not short already i will wait just in case to see closing of this 1 hr.

Hope i was write with closing long and going short.

Good luck all
  • #96,355
  • Nov 7, 2008 9:44am Nov 7, 2008 9:44am
i hope 1 hr will close below yelow line and that parabolic wil change position.Look that up chanel.Not good for shorts.

Nice up trend.Hope that 4 hr gann will hold.If SL hit then waiting to see 4hr candle close and new momentum...I think i will.....yes...i will do that
Attached Image (click to enlarge)
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  • #96,356
  • Nov 7, 2008 9:44am Nov 7, 2008 9:44am
Quoting eohater
Good to see you in the thread Mike!
Thanks! I've been seeing quite a bit of trades coming along on the gbp, but I just haven't posted much on them. Today I couldn't resist however, it was too perfect in positioning.
I dream, therefore I become.
  • #96,357
  • Nov 7, 2008 9:46am Nov 7, 2008 9:46am
Expert, I love the signature lol That's hilarious.
I dream, therefore I become.
  • #96,358
  • Nov 7, 2008 9:50am Nov 7, 2008 9:50am
Time for someone to add up on their shorts. Who's holding back? I've got 6!
Just digging in the trenches like everyone else!
  • #96,359
  • Nov 7, 2008 9:53am Nov 7, 2008 9:53am
Quoting eohater
Time for someone to add up on their shorts. Who's holding back? I've got 6!
Oh man i add 1 more.No more from me.

let us bring this down.
  • #96,360
  • Nov 7, 2008 9:54am Nov 7, 2008 9:54am
Quoting "expert"
Oh man i add 1 more.No more from me.

let us bring this down.
Looks like more have added as well! That's what we want. Push her to the bottom!!!
Just digging in the trenches like everyone else!
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