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Cable Update (GBPUSD)

  • #79,181
  • Jul 31, 2008 10:01am Jul 31, 2008 10:01am
wow this 4h candle is beautiful
USD Est Non Mortuus
  • #79,182
  • Jul 31, 2008 10:02am Jul 31, 2008 10:02am
Quoting LuckyLurker
wow this 4h candle is beautiful
my 4h closes in 1h...
Patience + Discipline - Greed = Success
  • #79,183
  • Jul 31, 2008 10:03am Jul 31, 2008 10:03am
Quoting LuckyLurker
Yes and shortly after we'll have a new currency called the Pounder.
Or the dollpound which sounds like dog-pound which sounds accurate - all caged up and howling

jeez it's manic - ok i need to summon up the nerve to whack a long on at this point

If I knew the reason for the fall back it would be easier

One encouraging thing is that gbp/euro correlation seems to be re-established...

I used to use the timing diff to trade cable when euro moved - and I havent done that for a year or so..think i will do some again
  • #79,184
  • Jul 31, 2008 10:10am Jul 31, 2008 10:10am
Quoting Infinity
if my 4h bar closes like this it will be one hell of a pin..
Its big and its in traffic, so am cautious. Really don't think we're going below 974 but am often wrong. Didn't close my longs either
Money & Pain Respect the market, protect your capital, be patient
  • #79,185
  • Jul 31, 2008 10:14am Jul 31, 2008 10:14am
Quoting toyboy tramp
Its big and its in traffic, so am cautious. Really don't think we're going below 974 but am often wrong. Didn't close my longs either
I don't think so either but this is one hell of a bounce. I don't see yet what caused such a big bounce but I think it is mainly profit taking and we may see a reversal soon for the same reason. This is shaking out all weak positions before a bigger move one way or the other....
Patience + Discipline - Greed = Success
  • #79,186
  • Jul 31, 2008 10:19am Jul 31, 2008 10:19am
Quoting LuckyLurker
wow this 4h candle is beautiful
I just got to the office and I'm looking at my charts. When does your 4h close? Mine closes in 41 mins.
Just digging in the trenches like everyone else!
  • #79,187
  • Jul 31, 2008 10:21am Jul 31, 2008 10:21am
I wasn't saying it's closed.. i was saying its beautiful.. As in looking like when it closes if it keeps up like this, "it will be beautiful" ..




just like me.
USD Est Non Mortuus
  • #79,188
  • Jul 31, 2008 10:21am Jul 31, 2008 10:21am
Quoting eohater
I just got to the office and I'm looking at my charts. When does your 4h close? Mine closes in 41 mins.
Yep, gmt 4h candle close in 40 minutes
Getting it right is NOT as important as not getting it wrong.
  • #79,189
  • Jul 31, 2008 10:21am Jul 31, 2008 10:21am
Quoting eohater
I just got to the office and I'm looking at my charts. When does your 4h close? Mine closes in 41 mins.
same here bro but the pin looking good for down ..assuming we stay down.
  • #79,190
  • Jul 31, 2008 10:25am Jul 31, 2008 10:25am
Quoting nAVIN2007
my ass is back!!!! finally a pending order is triggered..hopefully it wont go up..tomorrow is scary thou..
did you get yourself a nice short? I hope so!
Just digging in the trenches like everyone else!
  • #79,191
  • Jul 31, 2008 10:26am Jul 31, 2008 10:26am
Quoting LuckyLurker
Rules, patience, and like 100 other things. Also if I short the entire US economy could crash!

Just digging in the trenches like everyone else!
  • #79,192
  • Jul 31, 2008 10:26am Jul 31, 2008 10:26am
Ok gone in again, for long, with seat beat
it was supposed to be bullish day and go up up

let's see how far we go before crashing down
  • #79,193
  • Jul 31, 2008 10:27am Jul 31, 2008 10:27am
Quoting eohater
did you get yourself a nice short? I hope so!
yeah i did ..i thought if it goes to 1.9900. i'll have a go ..so far its seems to be ok ..but concerned about if its going to brake this pivot (1.9797)
  • #79,194
  • Jul 31, 2008 10:28am Jul 31, 2008 10:28am
Quoting Infinity
I don't think so either but this is one hell of a bounce. I don't see yet what caused such a big bounce but I think it is mainly profit taking and we may see a reversal soon for the same reason. This is shaking out all weak positions before a bigger move one way or the other....
agreed ....US is sounding optimistic but 80% of california house sales are repos !

CNBC says the near recession is all over and it's blue skies from now on - predicting 2% GDP for Q3

Is it really all over and the birds are singing again ?
  • #79,195
  • Jul 31, 2008 10:28am Jul 31, 2008 10:28am
Quoting fxbroker
let them finish their battle and we go in again
This a war between Fed reserve and BOE, someone is forcing
Dollars against cable. This is not fundamental.

Below 9770 means bear is attempting to take over for the new month!

government intervention..
Just digging in the trenches like everyone else!
  • #79,196
  • Jul 31, 2008 10:28am Jul 31, 2008 10:28am
Pulled the trigger. Long 1.9803.....
  • #79,197
  • Jul 31, 2008 10:30am Jul 31, 2008 10:30am
Quoting nAVIN2007
yeah i did ..i thought if it goes to 1.9900. i'll have a go ..so far its seems to be ok ..but concerned about if its going to brake this pivot (1.9797)

That is one sweet price! Good job bro ! I closed my long out at 1.9900. I didn't feel confortable taking it short then, but I did feel confortable taking my 50 pips off the table.
Just digging in the trenches like everyone else!
  • #79,198
  • Jul 31, 2008 10:31am Jul 31, 2008 10:31am
Paulson is going to be like a bull at a rodeo today.
USD Est Non Mortuus
  • #79,199
  • Jul 31, 2008 10:33am Jul 31, 2008 10:33am
Quoting fxbroker
Ok gone in again, for long, with seat beat
it was supposed to be bullish day and go up up

let's see how far we go before crashing down
Perhaps the market will just collapse exhausted onto the daily channel base line as usual and stay there quivering with fear and anticipation

think i will have some porridge while it makes it's mind up

ps DOW coming off now
  • #79,200
  • Jul 31, 2008 10:33am Jul 31, 2008 10:33am
Quoting Manny
gosh, if i could only go back afew hours ago.. i'm glad i closed my long in time, but why didnt i placed a short order also!
this is been my contemplation as i keep seeing it drop.
196xx sounds intersting.. can you hook it up w/ a chart?

I'm not sure who else battles with these thoughts but I do. I do ask myself if I'm confident to close out this positive position, then I should be confident to enter a reverse order. My system says not to and wait for confirmation of the reversal with the next 4 hour candle. I have found by waiting I can usually get back into the reversed position near the same price I closed.
Just digging in the trenches like everyone else!
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