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Cable Update (GBPUSD)

  • #84,241
  • Aug 27, 2008 2:29am Aug 27, 2008 2:29am
Quoting Batonas
look at 1H chart, the price is in a down channel, it is obeying it. Short, TP 1,8275.:nerd:
Thank you.
im also short, trading the longer time frames is a lot less stressful.
Keep It Simple Stupid
  • #84,242
  • Aug 27, 2008 2:31am Aug 27, 2008 2:31am
So far +24 pips, this will defenitely be a good trade...
  • #84,243
  • Aug 27, 2008 2:33am Aug 27, 2008 2:33am
Quoting nAVIN2007
look at my chart...
oh, I don't have a weekly chart
  • #84,244
  • Aug 27, 2008 2:33am Aug 27, 2008 2:33am
if yur short u need to be carefull....i really do believe this b*tch is on the wayup
  • #84,245
  • Aug 27, 2008 2:35am Aug 27, 2008 2:35am
Quoting nAVIN2007
if yur short u need to be carefull....i really do believe this b*tch is not the wayup
I actually took a long at 1.8409, so far +45 pips... =]
  • #84,246
  • Aug 27, 2008 2:35am Aug 27, 2008 2:35am
Quoting Batonas
oh, I don't have a weekly chart

i used the weekly cause its bearish to me and this means USD this week overall should lose strength..cable should become strongerlets see what happens...a close above 1.8470 is uptrend (short term)..
  • #84,247
  • Aug 27, 2008 2:36am Aug 27, 2008 2:36am
Quoting nAVIN2007
if yur short u need to be carefull....i really do believe this b*tch is not the wayup
i kind of realised that..
Thanx. closed for a loss..
Keep It Simple Stupid
  • #84,248
  • Aug 27, 2008 2:38am Aug 27, 2008 2:38am
Quoting Forextrader4
I actually took a long at 1.8409, so far +45 pips... =]
told yah man ...im not far off making big money ....if i can get get my shit together on a live account...on demo i got it going on! .

1.8585..i see as th target.....

any comments..
  • #84,249
  • Aug 27, 2008 2:42am Aug 27, 2008 2:42am
Helping hand please.
My 1 hr chat is statring to give me sell signals so surely i should be looking to short, but i keep messing up!
Keep It Simple Stupid
  • #84,250
  • Aug 27, 2008 2:43am Aug 27, 2008 2:43am
I am OUT of the market with +54 pips. We'll stay in front of the computer in case another opportunity comes, I could have held on to the trade but didn't want to get too greedy on that particular trade so i decided to close it. Did anyone else go long on this? Any opinions about how far will the price go, Im thinking if it breaks 80's should go at least another 35 pips upwards but would love to hear other's opinions. Thank you,
  • #84,251
  • Aug 27, 2008 2:44am Aug 27, 2008 2:44am
Quoting nAVIN2007
told yah man ...im not far off making big money ....if i can get get my shit together on a live account...on demo i got it going on! .
You can defenitely do it man. Taking one profitable trade is better than jumping on everything anytime. just my 2 cents=]
  • #84,252
  • Aug 27, 2008 2:47am Aug 27, 2008 2:47am
I just looked at 15min and 30min chart and they're both trending UP. Waiting for a better price to long again, will look for another 20-25 pips. Let's see what happens.
  • #84,253
  • Aug 27, 2008 2:48am Aug 27, 2008 2:48am
still holding the trendline
  • #84,254
  • Aug 27, 2008 2:55am Aug 27, 2008 2:55am
Quoting Forextrader4
You can defenitely do it man. Taking one profitable trade is better than jumping on everything anytime. just my 2 cents=]
actually ...everytime i lose i really look hard as to why i floped and i come to the conclusion its knowledge...
  • #84,255
  • Aug 27, 2008 2:55am Aug 27, 2008 2:55am
Quoting Forextrader4
I just looked at 15min and 30min chart and they're both trending UP. Waiting for a better price to long again, will look for another 20-25 pips. Let's see what happens.
I am so happy that u mad some dough.I am still short.What do u see that says up?Mike
  • #84,256
  • Aug 27, 2008 2:58am Aug 27, 2008 2:58am
Quoting torcuswelby
I am so happy that u mad some dough.I am still short.What do u see that says up?Mike
i use moving averages of 8 and 5 and confirming it with laguerre
  • #84,257
  • Aug 27, 2008 3:09am Aug 27, 2008 3:09am
Hows it going yall! just want to give yall some info if the GBP/USD closes above the 1.8476 it should continue to go to the next resistance level of 1.8563 im long lets see what happens.
  • #84,258
  • Aug 27, 2008 3:11am Aug 27, 2008 3:11am
Quoting Forextrader4
i use moving averages of 8 and 5 and confirming it with laguerre
I often find the lower numbered EMA's to be unprectiable,I do not see the rise above 8470ish,but if it does,I will hold on until 8550,then take an embarrassing moment,peace,Mike
  • #84,259
  • Aug 27, 2008 3:13am Aug 27, 2008 3:13am
I am LONG GBPUSD and SHORT EURJPY. intraday. LOL.

makes sense? since I heard that both are quite related..
  • #84,260
  • Aug 27, 2008 3:13am Aug 27, 2008 3:13am
I took a long at 1.8442, i'm letting it run until +35 then trailing it manually to start locking 10 pips each time. So far +6 pips.
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