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Cable Update (GBPUSD)

  • #64,161
  • May 5, 2008 6:28am May 5, 2008 6:28am
Quoting hornet
Nothing is telling me to close, for now. ..Waiting waiting
All seems to be happening in sloooooooooow motion (UK holiday?)
Darkness lies one inch ahead..
  • #64,162
  • May 5, 2008 6:41am May 5, 2008 6:41am
Slow motion but it is happening for real !!!

just closed half of my remaining lots. keeping some open (one quarter of original position) just in case and will carry on trailing.
The quality of your life is brought about by the quality of your thinking.
  • #64,163
  • May 5, 2008 6:42am May 5, 2008 6:42am
chickened out +42pips
  • #64,164
  • May 5, 2008 6:42am May 5, 2008 6:42am
carera how about your gartly patern now???
  • #64,165
  • May 5, 2008 6:48am May 5, 2008 6:48am
u want to see the charts,...and what do the chart say...nothing...price and timing is all that matters...i closed my longs at 19771,..and start building when evrybody selling...so im long ALL IN at 197143, will add when we pass 19700,...and i will closed it at 197494...sl is below 630-->595...is that OK?....

can i say now...long cable long....
its just money
  • #64,166
  • May 5, 2008 6:51am May 5, 2008 6:51am
hi all!

have a nice pips?
  • #64,167
  • May 5, 2008 6:53am May 5, 2008 6:53am
Quoting de123
u want to see the charts,...and what do the chart say...nothing...price and timing is all that matters...i closed my longs at 19771,..and start building when evrybody selling...so im long ALL IN at 197143, will add when we pass 700,...and i will closed it at 197494...sl is below 630-->595...is that OK?....

can i say now...long cable long....
ok, thanks for explanation. and, for me, no need to post charts
The quality of your life is brought about by the quality of your thinking.
  • #64,168
  • May 5, 2008 6:54am May 5, 2008 6:54am
Quoting de123
u want to see the charts,...and what do the chart say...nothing...price and timing is all that matters...i closed my longs at 19771,..and start building when evrybody selling...so im long ALL IN at 197143, will add when we pass 700,...and i will closed it at 197494...sl is below 630-->595...is that OK?....

can i say now...long cable long....
i kinda agree buying nw would be good as u know it going to go up eventually if not now ..buying now is a good price...im only a bit werry and right now there no telling wht happening ...the downtrend is excellerating, we hitting the tops of the daily channel but not the bottom is this a sign to expect a breakout from the top ? ...i keep asking myself..
  • #64,169
  • May 5, 2008 6:58am May 5, 2008 6:58am
Hi All....
Had a buy market order in at 1.9705. So currently waiting for it to go back up. This is near the bottom of the trading range for the last month. Happy trading all.
Long Cable Long.....
  • #64,170
  • May 5, 2008 7:01am May 5, 2008 7:01am
i see a doji pattern am i right?
  • #64,171
  • May 5, 2008 7:06am May 5, 2008 7:06am
Same here, see the hammer at the top.


Quoting hornet
Agreed on the 1hr formations even though my map is the 30mins and I use the 5mins for better entries.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
  • #64,172
  • May 5, 2008 7:08am May 5, 2008 7:08am
Actually that hammer is right at my 11 EMA which is my pullback point.



Quoting hard1head1
Same here, see the hammer at the top.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 40 KB
  • #64,173
  • May 5, 2008 7:13am May 5, 2008 7:13am
Could actually go either way from here, we will see it take a direction in about 15minutes.
  • #64,174
  • May 5, 2008 7:19am May 5, 2008 7:19am
i still think downtrend if my 5 minutes chart give a sell signal i will take another short if not 70 pips from previous short enough for me...
  • #64,175
  • May 5, 2008 7:24am May 5, 2008 7:24am
Hey Hornet!!

Even on a small chart, the hammer shows us the way. Quick 15
  • #64,176
  • May 5, 2008 7:28am May 5, 2008 7:28am
Hammer and 2 fading doji's, lets see if the U.S. helps or hurts us. It could bounce long off of the back of this DTL
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
  • #64,177
  • May 5, 2008 7:30am May 5, 2008 7:30am
Only if I am not sitting in front of my puter, ole buddy.

Jim

Quoting TraderJR
When u close 1st TP, do u trail stop?

tia
  • #64,178
  • May 5, 2008 7:32am May 5, 2008 7:32am
looking to break 1.9661, or bounce back up to 1.9730. Oh Joy.
  • #64,179
  • May 5, 2008 7:33am May 5, 2008 7:33am
Nav, look at your weekly chart. You have the daily upper trend line as resistance, and the weekly 61.8% fib as support. We're also just about to hit the weekly lower trend line, probably this week. I'll be looking for long term longs this week or maybe early next week.

Quoting nAVIN2007
i kinda agree buying nw would be good as u know it going to go up eventually if not now ..buying now is a good price...im only a bit werry and right now there no telling wht happening ...the downtrend is excellerating, we hitting the tops of the daily channel but not the bottom is this a sign to expect a breakout from the top ? ...i keep asking myself..
Attached Image (click to enlarge)
Click to Enlarge Name: gu-today.gif Size: 18 KB
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  • #64,180
  • May 5, 2008 7:36am May 5, 2008 7:36am
Quoting hard1head1
Hey Hornet!!

Even on a small chart, the hammer shows us the way. Quick 15
Yes but, I use the 5mins just for triggers in my 30mins context. I work off the 30m but the 5m usually give me earlier entries instead of waiting for the 30m to close. I would not trade off the 5m alone. Having said that, some patterns on the 5m at certain levels are just a pleasure to see. Especially if you're still short of 20 lots
The quality of your life is brought about by the quality of your thinking.
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