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Cable Update (GBPUSD)

  • #64,601
  • May 7, 2008 11:54am May 7, 2008 11:54am
Got to go out, so took a really small profit, its free to rock!!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64,602
  • Edited 12:27pm May 7, 2008 12:24pm | Edited 12:27pm
Quoting mavewei
I'm on the ship too, but maybe too late.
Long @9531, TP @9581, SL @9491

Well I guess u trading ure plan. And u shud be up a few pips!!

We may be early..I mean we've had an engulfing bullish candle twice and something looking like a morning star, all on the 15 min.

We making higher lows but a flat top.

1HR saying oversold, MACD/OsMA showing an incoming upward movement.

One thing is for sure we will know eventually.
  • #64,603
  • May 7, 2008 12:27pm May 7, 2008 12:27pm
Quoting Moe
too early, best to buy at today low when n.y. close.

thats why we aint moving moe jump on we missing yur 50 lots ..
  • #64,604
  • May 7, 2008 12:29pm May 7, 2008 12:29pm
wow where is this southern movement coming from
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #64,605
  • May 7, 2008 12:29pm May 7, 2008 12:29pm
6hour SMA rejection, I coulda gotten a few more pips but ultimately this is what you get when you trade against the trend and my system!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64,606
  • May 7, 2008 12:38pm May 7, 2008 12:38pm
  • #64,607
  • May 7, 2008 1:19pm May 7, 2008 1:19pm
Hello Boys and Girls....
This is sooooo sloooow, so going to shut down for awhile and veg in front of the TV
Remember, all those on board for LONG please. That includes your 50 lots too Moe
Happy Trading
  • #64,608
  • May 7, 2008 1:35pm May 7, 2008 1:35pm
does anyone know if it is even possible to track the hourly volume and or volatility in the GBP/USD?

I'm trying to find data on the hours 11pm EST to 3am EST - thanks!
  • #64,609
  • May 7, 2008 1:57pm May 7, 2008 1:57pm
I dont think much going to happen for the next 10 hours or so
S/L on hope it does not drop to far below 1.9500 see all in the morning
  • #64,610
  • May 7, 2008 2:04pm May 7, 2008 2:04pm
Well same here. 10 hours time.
  • #64,611
  • May 7, 2008 2:08pm May 7, 2008 2:08pm
I think you're absolutely right, its better to call it a day; it doesn't seem like we will get any movement for the rest of the evening.
"The trend is your friend, until the end."
  • #64,612
  • May 7, 2008 2:11pm May 7, 2008 2:11pm
GBP NIESR Gross Domestic Product Estimate coming en four hours
  • #64,613
  • May 7, 2008 2:18pm May 7, 2008 2:18pm
its going up ever so slightly ..but rising ...hehe
i almost deserve to win this trade just for holding on ...flipping hell is this slow or what ?
i got a feeling every1 waiting for the new 4 hr candle ..someone trying to make morning stars ..
  • #64,614
  • May 7, 2008 2:53pm May 7, 2008 2:53pm
Quoting nAVIN2007
its going up ever so slightly ..but rising ...hehe
i almost deserve to win this trade just for holding on ...flipping hell is this slow or what ?
i got a feeling every1 waiting for the new 4 hr candle ..someone trying to make morning stars ..
10 min to go for 4H morning star I would love to see1.98xx tomorrow, would that be great!
  • #64,615
  • May 7, 2008 2:59pm May 7, 2008 2:59pm
Quoting nAVIN2007
thats why we aint moving moe jump on we missing yur 50 lots ..
lol.
If I Go Broke Trying Then I Will die happy.
  • #64,616
  • May 7, 2008 3:00pm May 7, 2008 3:00pm
Quoting Runway Trade
10 min to go for 4H morning star I would love to see1.98xx tomorrow, would that be great!
that would be excellent bro ...my fingers are crossed ...
  • #64,617
  • May 7, 2008 3:03pm May 7, 2008 3:03pm
Well guys, this is our position right now.

We need to go north.
Attached Image
  • #64,618
  • May 7, 2008 3:06pm May 7, 2008 3:06pm
Quoting Carrera
Well guys, this is our position right now.

We need to go north.
LOL!!!!! good one.....
  • #64,619
  • May 7, 2008 3:10pm May 7, 2008 3:10pm
Quoting Carrera
Well guys, this is our position right now.

We need to go north.
my life jacket is on already ..we going towards the icebergs now ...
  • #64,620
  • May 7, 2008 3:11pm May 7, 2008 3:11pm
Slow-k indicator is showing oversold condition on 2-hour chart.
However, the weekly S1 @ 1.9569 will probably put an end to GBP strengthening. Therefore, 1.9560 area looks like a solid take-profit target right now if you absolutely must go long now.

USD/JPY just busted down through the weekly pivot (104.76), and that is never a good sign for GBP.

I suggest looking at longs on EUR/GBP - it is a safety net right now if you want to play with pound
"Luxury is one of the basic needs", (c), Don Corleone
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