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Cable Update (GBPUSD)

  • #65,341
  • May 12, 2008 9:25am May 12, 2008 9:25am
Now its basically three pips away from my trendline. Lets see what the following two 5min bars do
  • #65,342
  • May 12, 2008 9:27am May 12, 2008 9:27am
As i said, time of day is an issue so below 1.9595 (2:1 reached) I will move my SL to breakeven and trail by 25 pips.
The quality of your life is brought about by the quality of your thinking.
  • #65,343
  • May 12, 2008 9:27am May 12, 2008 9:27am
timberrrrrrrrrrrrrrrrrrrrrr

slingshotttttt
  • #65,344
  • May 12, 2008 9:28am May 12, 2008 9:28am
Quoting Doose
I think your a bit premature with this short. Even now we in an uptrend.

We have to break 1.9600 as far as I'm concern fi say yea sell dat.

The trend is my friend till it bends.
Are we really in an uptrend? Check your charts again. The trend a mi bredjrin but memba seh it will look deceiving sometimes. We are in a downtrend and in a downtrend I short rallies. This upmove looks exhausted and we should see at least 1.9550 soon. I see the euro at the top of it's range and it should come back down taking the cable with it.

I agree we will see cable at 1.9750 or a bit higher soon.....but not today.

Bless
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Patience + Discipline - Greed = Success
  • #65,345
  • May 12, 2008 9:29am May 12, 2008 9:29am
Stop out for 40 pips. 60pips on the Euro.

Now I wait on the next 5min bar.

Mi agree just double checked. Tide has shifted.
  • #65,346
  • May 12, 2008 9:32am May 12, 2008 9:32am
Ok heres my 4 hr zoomed in and out.
Trend is down so longs are dangerous.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #65,347
  • May 12, 2008 9:34am May 12, 2008 9:34am
Quoting Bones
Ok heres my 4 hr zoomed in and out.
Trend is down so longs are dangerous.
I am now looking for that retest. It is confirmed now from where I sit, just that I believed y'all were pre-empting it...

I dont assume until everything is confirmed on my screen thats all.
  • #65,348
  • May 12, 2008 9:43am May 12, 2008 9:43am
Now trailing for a free ride
The quality of your life is brought about by the quality of your thinking.
  • #65,349
  • May 12, 2008 9:43am May 12, 2008 9:43am
Knew she was going. already got more pips down, than that measly few going up. Was starting to question myself. We are looking at a nice E. Star forming on the 1

Quoting Bones
Ok heres my 4 hr zoomed in and out.
Trend is down so longs are dangerous.
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  • #65,350
  • May 12, 2008 9:44am May 12, 2008 9:44am
YESSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!

Quoting hornet
Now trailing for a free ride
  • #65,351
  • May 12, 2008 9:45am May 12, 2008 9:45am
Quoting Doose
Stop out for 40 pips. 60pips on the Euro.

Now I wait on the next 5min bar.

Mi agree just double checked. Tide has shifted.

always shifting bro this is why from now on i not doing no more countrend trades ...just not worth while ...i reckon at most might see 1.9670 and by end of week 1.93 tested ..i feel
  • #65,352
  • May 12, 2008 9:45am May 12, 2008 9:45am
Well I am on it from I got stopped out...
  • #65,353
  • May 12, 2008 9:46am May 12, 2008 9:46am
Thats what we call a break, twin spins, a test and down we go. Confirmation coming on the 1 Hr,
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  • #65,354
  • Edited 10:17am May 12, 2008 9:53am | Edited 10:17am
Hmph got stop out. I guess I was too tight...got lousy pips

Thanks for that lesson and mi yardie breddren thanx. I will keep that type of break in mind. Early detection....
  • #65,355
  • May 12, 2008 10:06am May 12, 2008 10:06am
Quoting hard1head1
Thats what we call a break, twin spins, a test and down we go. Confirmation coming on the 1 Hr,
man u are on form ....welldone ...
  • #65,356
  • May 12, 2008 10:09am May 12, 2008 10:09am
earthquake! earthquake! I packed water&food, hope tonight will not come to Beijing china. All i can do is pray. God bless inncent people. Life is too fragile. You guys enjoy the life, no matter how hard the time, take it in positive, sun & fresh air are the ultimate happpyness.
  • #65,357
  • May 12, 2008 10:11am May 12, 2008 10:11am
missed the afternoon(morning in europe) trade, but earn 30pips at night, not bad for me.
  • #65,358
  • May 12, 2008 10:17am May 12, 2008 10:17am
Fu_ck the icebergs full steam ahead, north!!!!!
  • #65,359
  • May 12, 2008 10:17am May 12, 2008 10:17am
Quoting alexcn
missed the afternoon(morning in europe) trade, but earn 30pips at night, not bad for me.

i dont get it man .....on one hand u talk about earthquake and taking food and water and yur here trading ..lol
is there a earthquake expected in china?

am i missing something...
  • #65,360
  • May 12, 2008 10:20am May 12, 2008 10:20am
Quoting Runway Trade
Fu_ck the icebergs full steam ahead, north!!!!!
where do u need to get out bro?
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