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Cable Update (GBPUSD)

  • #40,641
  • Nov 22, 2007 9:15pm Nov 22, 2007 9:15pm
if you're selling a couple of billions, then yes, it's the top. otherwise it's not.

Quoting radit27
hmmmsss....... be patient... eeeee try to sell the top prices.i start sell at 2.0749....eeee
Nihil Sine Deo.
  • #40,642
  • Nov 22, 2007 9:19pm Nov 22, 2007 9:19pm
Quoting Qu|cksilver
usually i watch for pullback using rsi channel.
may i know r u using rsi (14) and 30 min chart? how much is oversold (100)?
  • #40,643
  • Nov 22, 2007 9:19pm Nov 22, 2007 9:19pm
have to wait more 3-4hrs...its will touch 2.0672 or below...eeee..if im right.......
be patient, self-belief and discipline... stay focus...
  • #40,644
  • Nov 22, 2007 9:21pm Nov 22, 2007 9:21pm
Quoting tkh33
may i know r u using rsi (14) and 30 min chart? how much is oversold (100)?
14 - 4hr
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,645
  • Nov 22, 2007 9:23pm Nov 22, 2007 9:23pm
Quoting radit27
have to wait more 3-4hrs...its will touch 2.0672 or below...eeee..if im right.......
If you would mind telling me so radit, what is the eeee about?
As you said, you are still short; what is your reasoning for this? I am seeing a pin bar on the hourly, but there is really nothing coinciding with it at the moment to make me think we will move lower again.
I dream, therefore I become.
  • #40,646
  • Nov 22, 2007 9:33pm Nov 22, 2007 9:33pm
Not sure we have seen the top here. The price movement on the "supposed to be" pullback dont FEEL right. But my feelings are often proven.. WRONG.
  • #40,647
  • Nov 22, 2007 9:37pm Nov 22, 2007 9:37pm
Quoting Qu|cksilver
14 - 4hr
do u still hold your short?
  • #40,648
  • Nov 22, 2007 9:40pm Nov 22, 2007 9:40pm
Patience game..looks like it's gonna chill till next wave of traders wake up? Ahhh, ahhh...do I want to take a big risk..my tummy is full of apple pie...I'm READY>
  • #40,649
  • Nov 22, 2007 9:42pm Nov 22, 2007 9:42pm
Meanwhile ......
Attached Image
To be or not to be, that's the question
  • #40,650
  • Nov 22, 2007 9:56pm Nov 22, 2007 9:56pm
Maybe learn from history here? Lots of people on Thanksgiving last year thought the first surge on cable had hit "top". Have a look.

Of course, we're looking at a completely different pattern this time...or are we?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdthanksgiving.gif Size: 17 KB
Is your SL my TP?
  • #40,651
  • Nov 22, 2007 10:01pm Nov 22, 2007 10:01pm
Quoting tkh33
do u still hold your short?
Yesterday short all hit my BE.

Now im short again at 744 stoploss 20 pip.
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,652
  • Nov 22, 2007 10:02pm Nov 22, 2007 10:02pm
Quoting kenmania
Maybe learn from history here? Lots of people on Thanksgiving last year thought the first surge on cable had hit "top". Have a look.

Of course, we're looking at a completely different pattern this time...or are we?
We cannot learn from 2006 pattern only. How about 2005, 2004, 2003....etc??.....especially when GU was in long term downtrend year?
- Ray Tracy - Novice forex trader from GMT+8
  • #40,653
  • Nov 22, 2007 10:27pm Nov 22, 2007 10:27pm
Quoting raytracy
We cannot learn from 2006 pattern only. How about 2005, 2004, 2003....etc??.....especially when GU was in long term downtrend year?

Valid point. I have a tight stop on my long. Just like I did last year. I won't try to "force" history to repeat itself.
Is your SL my TP?
  • #40,654
  • Nov 22, 2007 10:34pm Nov 22, 2007 10:34pm
Quoting kenmania
Valid point. I have a tight stop on my long. Just like I did last year. I won't try to "force" history to repeat itself.
cmon GU.. push downward!!
  • #40,655
  • Nov 22, 2007 10:38pm Nov 22, 2007 10:38pm
Quoting Qu|cksilver
Yesterday short all hit my BE.

Now im short again at 744 stoploss 20 pip.
moved my SL to BE.

Down cable Down!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,656
  • Nov 22, 2007 10:42pm Nov 22, 2007 10:42pm
Quoting Qu|cksilver
moved my SL to BE.

Down cable Down!!
what was ur OP, quick?
  • #40,657
  • Nov 22, 2007 10:43pm Nov 22, 2007 10:43pm
Quoting Qu|cksilver
moved my SL to BE.

Down cable Down!!
Wow.. I missed the ride up...
  • #40,658
  • Nov 22, 2007 10:44pm Nov 22, 2007 10:44pm
Quoting hijackxx@hotmai
what was ur OP, quick?
sorry, what you mean OP? i don't understand?
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,659
  • Nov 22, 2007 10:47pm Nov 22, 2007 10:47pm
Quoting Qu|cksilver
sorry, what you mean OP? i don't understand?
Oh.. you mean TP? Hmm.. let's say 200-250 pips from my entry
"Invest With The Insiders, Not The Masses" George Muzea
  • #40,660
  • Nov 22, 2007 10:51pm Nov 22, 2007 10:51pm
Quoting Qu|cksilver
sorry, what you mean OP? i don't understand?
May be he means Open Position??
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