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Cable Update (GBPUSD)

  • #84,001
  • Aug 25, 2008 4:04pm Aug 25, 2008 4:04pm
Well momentum is strong down Ill base my decision on the close tonight I'm looking for a mighty bullish candle before I enter long and todays shows promise.



Quoting nAVIN2007
damnit ....im so confused i am hedged..i have a buy to go up incase 1.9400 holds and a sell to the 1.9400...i hope it bounces of support then hopefully i can get a result

any ideas whats happening here..?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #84,002
  • Edited 4:35pm Aug 25, 2008 4:11pm | Edited 4:35pm
Quoting Bones
Well momentum is strong down Ill base my decision on the close tonight I'm looking for a mighty bullish candle before I enter long and todays shows promise.
im in long...the weekly chart for the dollar index suggest dollar get weaker..based on that im long but the entry sucks.. im just looking for a test of the top 1.9584 area.

actually im gonna try something...i hedged myself with targets ...1.91 and 1.84...and now i dont care which way it goes..LOL
LONGTERM is down so i should be able to get out with profit
  • #84,003
  • Aug 25, 2008 4:33pm Aug 25, 2008 4:33pm
HOLY MIGHTY BULLISH CANDLES !!!!!!

HOLY MIGHTY BULL DYKES ON ACID !!!!!!

actually the first one of those would be quite pleasant and I haven't partied with the other since 1984


I think I might have to go back to hingerland to cash in all these dollars which are suddenly worth something

I could cash in just less than a million dollars and buy a one car lock up garage in London

Or I could take it to mexico and go wild !

ok I am long for a little ride up I hope
  • #84,004
  • Aug 25, 2008 4:47pm Aug 25, 2008 4:47pm
Quoting nAVIN2007
im in long...the weekly chart for the dollar index suggest dollar get weaker..based on that im long but the entry sucks.. im just looking for a test of the top 1.9584 area.

actually im gonna try something...i hedged myself with targets ...1.91 and 1.84...and now i dont care which way it goes..LOL
LONGTERM is down so i should be able to get out with profit
I see a strong possibility of more down movement based on the last 4h close. EU looks set to fall as well. A break of the inside bar on the daily either way should yield some pips but I think we will see at least 8450 in the next hours.
Patience + Discipline - Greed = Success
  • #84,005
  • Aug 25, 2008 6:41pm Aug 25, 2008 6:41pm
You can surely depend on one thing........

Asia trades with the trend. Selling Rallies
  • #84,006
  • Edited 7:28pm Aug 25, 2008 6:45pm | Edited 7:28pm
short @8487

closed @ 8467 fo9r +20
  • #84,007
  • Aug 25, 2008 7:09pm Aug 25, 2008 7:09pm
short @ 8522
Attached Image (click to enlarge)
Click to Enlarge Name: sell gu 2.GIF Size: 18 KB
  • #84,008
  • Aug 25, 2008 7:11pm Aug 25, 2008 7:11pm
G-U 30Min Chart

http://i47.photobucket.com/albums/f1...rul/g-u30m.gif
  • #84,009
  • Aug 25, 2008 7:31pm Aug 25, 2008 7:31pm
i'm long at 1.8469
SL 1.8450
TP 1.8619
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,010
  • Aug 25, 2008 7:49pm Aug 25, 2008 7:49pm
Looks like we're going to test 1.8400's level area. I just took a short at 1.8480 and as usual i will walk away with my +30 pips. Good luck everyone..
  • #84,011
  • Aug 25, 2008 8:08pm Aug 25, 2008 8:08pm
Quoting Qu|cksilver
i'm long at 1.8469
SL 1.8450
TP 1.8619
Similar to mine!
Just digging in the trenches like everyone else!
  • #84,012
  • Aug 25, 2008 9:20pm Aug 25, 2008 9:20pm
Quoting fx_open
short @ 8522
have you taken profit yet? I think your short was very good!
Just digging in the trenches like everyone else!
  • #84,013
  • Aug 25, 2008 9:43pm Aug 25, 2008 9:43pm
Well Nice to come back to my short still going strong, still haven't received a buy signal .8482 is an area i am looking to move my s/l to. otherwise still short.
  • #84,014
  • Aug 25, 2008 10:02pm Aug 25, 2008 10:02pm
Quoting eohater
have you taken profit yet? I think your short was very good!
why post a trade if your not going to keep everyone updated?
Just digging in the trenches like everyone else!
  • #84,015
  • Aug 25, 2008 10:08pm Aug 25, 2008 10:08pm
eohater,

you still long?
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,016
  • Aug 25, 2008 10:11pm Aug 25, 2008 10:11pm
Quoting Qu|cksilver
eohater,

you still long?
yeah! I went short 2 lots at the close of the US session for 25 pips. Now long with 1 lot. It's the houses money. Might add more longs at 1.8400
Just digging in the trenches like everyone else!
  • #84,017
  • Aug 25, 2008 10:13pm Aug 25, 2008 10:13pm
Quoting eohater
yeah! I went short 2 lots at the close of the US session for 25 pips. Now long with 1 lot. It's the houses money. Might add more longs at 1.8400
You think it will break 1.8455?
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,018
  • Aug 25, 2008 10:20pm Aug 25, 2008 10:20pm
Quoting Qu|cksilver
You think it will break 1.8455?
maybe! I don't want to see it though. It means we're on the wrong side of the trade which will be confirmed if we break 1.8400.

Overall we are in a countertrend trade. I'm playing off of middle support on my 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 80 KB
Just digging in the trenches like everyone else!
  • #84,019
  • Aug 25, 2008 10:21pm Aug 25, 2008 10:21pm
Quoting Qu|cksilver
You think it will break 1.8455?
what's your take?
Just digging in the trenches like everyone else!
  • #84,020
  • Aug 25, 2008 10:29pm Aug 25, 2008 10:29pm
Quoting eohater
what's your take?
Im little confused right now.

1. I still can't find which direction the train is going for this week. I know intermediate/long term trend still bearish.

2. Looking at my 1 hr chart i see the price right now still playing at the support. I hope it will not break the support.

3. On 4hr chart price already hit the support 3 times so i assume we are going long.

and im still long with tight stoploss. i dont think it will break 8455. but anything can happen. i set my stoploss at 8450.
"Invest With The Insiders, Not The Masses" George Muzea
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