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Cable Update (GBPUSD)

  • #85,501
  • Sep 2, 2008 10:01am Sep 2, 2008 10:01am
Quoting Infinity
Yeah that area is possible but i see a possible reversal coming up on the 4h... and also the weekly 365ema was touched.....we could see a retracement first.....
I see it building, one of the reasons I closed my shorts. I have a pending Long order open, we'll see if it gets hit! Maybe a retracement to 1.816x. I don't think it will have enough steam to fill Sunday's gap, but it could continue north and we will all look back and say this was the head of the Head and Shoulders. Damn hind sight being 20/20 sucks sometimes
Just digging in the trenches like everyone else!
  • #85,502
  • Sep 2, 2008 10:16am Sep 2, 2008 10:16am
Quoting eohater
I see it building, one of the reasons I closed my shorts. I have a pending Long order open, we'll see if it gets hit! Maybe a retracement to 1.816x. I don't think it will have enough steam to fill Sunday's gap, but it could continue north and we will all look back and say this was the head of the Head and Shoulders. Damn hind sight being 20/20 sucks sometimes
Pending Long order has been canceled.
Just digging in the trenches like everyone else!
  • #85,503
  • Sep 2, 2008 10:19am Sep 2, 2008 10:19am
Quoting eohater
I see it building, one of the reasons I closed my shorts. I have a pending Long order open, we'll see if it gets hit! Maybe a retracement to 1.816x. I don't think it will have enough steam to fill Sunday's gap, but it could continue north and we will all look back and say this was the head of the Head and Shoulders. Damn hind sight being 20/20 sucks sometimes
:nerd:
Patience + Discipline - Greed = Success
  • #85,504
  • Sep 2, 2008 10:20am Sep 2, 2008 10:20am
Quoting eohater
Pending Long order has been canceled.
Good move... because this still could go either way..... Lets see what the close brings...
Patience + Discipline - Greed = Success
  • #85,505
  • Sep 2, 2008 11:03am Sep 2, 2008 11:03am
Break of inside bar should bring many pips....
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.GIF Size: 24 KB
Patience + Discipline - Greed = Success
  • #85,506
  • Sep 2, 2008 11:06am Sep 2, 2008 11:06am
just longed at 7845.

SL 53 pips.

TP +50 pips.

countertrend trade, so its half my normal entry size.
  • #85,507
  • Sep 2, 2008 11:10am Sep 2, 2008 11:10am
Quoting speedtrader8
just longed at 7845.

SL 53 pips.

TP +50 pips.

countertrend trade, so its half my normal entry size.
I hear ya...

but keep in mind that we are below the 4h 5sma which has been very tough and also below 15m 50ema....
Patience + Discipline - Greed = Success
  • #85,508
  • Sep 2, 2008 11:18am Sep 2, 2008 11:18am
Quoting Infinity
I hear ya...

but keep in mind that we are below the 4h 5sma which has been very tough and also below 15m 50ema....
thanks.. haha.. I think im gonna get Stopped out soon..

just following my signals and MM..

happy ytading
  • #85,509
  • Sep 2, 2008 11:22am Sep 2, 2008 11:22am
Hope u all made some pips today......
Been a great start to my now full time job.
Happy trading. See u all tomorrow
  • #85,510
  • Sep 2, 2008 11:29am Sep 2, 2008 11:29am
Quoting speedtrader8
thanks.. haha.. I think im gonna get Stopped out soon..

just following my signals and MM..

happy ytading
you could be just fine you know....
Attached Image (click to enlarge)
Click to Enlarge Name: 15.GIF Size: 22 KB
Patience + Discipline - Greed = Success
  • #85,511
  • Sep 2, 2008 11:49am Sep 2, 2008 11:49am
Quoting Infinity
you could be just fine you know....

yup... still good...

if i get stopped out, i would consider a short very soon after..
  • #85,512
  • Sep 2, 2008 11:56am Sep 2, 2008 11:56am
Quoting DJ4x
Hope u all made some pips today......
Been a great start to my now full time job.
Happy trading. See u all tomorrow

good luck bro..
  • #85,513
  • Sep 2, 2008 11:57am Sep 2, 2008 11:57am
if this hourly bar closes below 1.7820 there is a good chance we go down tonight to 1.7761
When life gives you lemons, make lemonade
  • #85,514
  • Sep 2, 2008 11:59am Sep 2, 2008 11:59am
Quoting nAVIN2007
good luck bro..
Yo Navin,

How's it going...
Patience + Discipline - Greed = Success
  • #85,515
  • Sep 2, 2008 12:16pm Sep 2, 2008 12:16pm
Quoting Infinity
Yo Navin,

How's it going...
well at the moment im hedged still ..i havent placed a trade im waiting for the price to go to a retracement area so i dump the long and continue the short..or something to tell me i can drop the sell and go for the long..just right now sell looks good and long is out of the question..

and have returned to work....LOL b4 i get sacked!

hows u bro?
  • #85,516
  • Sep 2, 2008 12:24pm Sep 2, 2008 12:24pm
Quoting nAVIN2007
well at the moment im hedged still ..i havent placed a trade im waiting for the price to go to a retracement area so i dump the long and continue the short..or something to tell me i can drop the sell and go for the long..just right now sell looks good and long is out of the question..

and have returned to work....LOL b4 i get sacked!

hows u bro?
I'm doing great. I have been mostly selling rallies but I am not in a position right now as I am seeing signs of a possible retracement coming up... a break of the inside bar on the 4h either way should give us some good pips..
Patience + Discipline - Greed = Success
  • #85,517
  • Sep 2, 2008 12:38pm Sep 2, 2008 12:38pm
Quoting Infinity
I'm doing great. I have been mostly selling rallies but I am not in a position right now as I am seeing signs of a possible retracement coming up... a break of the inside bar on the 4h either way should give us some good pips..
yes i think yur right..i reckon it possible we might now be going toward 1.93 area...then go towards 1.71 maybe lower...i think its a about time this b*tch makes a lower high

nice to hear killing it! ...welldone man
Attached Image (click to enlarge)
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  • #85,518
  • Sep 2, 2008 12:40pm Sep 2, 2008 12:40pm
Quoting Infinity
I'm doing great. I have been mostly selling rallies but I am not in a position right now as I am seeing signs of a possible retracement coming up... a break of the inside bar on the 4h either way should give us some good pips..
Would you please be so kind as to explain your break on the inside bar to me.
Keep It Simple Stupid
  • #85,519
  • Sep 2, 2008 12:58pm Sep 2, 2008 12:58pm
Quoting nAVIN2007
yes i think yur right..i reckon it possible we might now be going toward 1.93 area...then go towards 1.71 maybe lower...i think its a about time this b*tch makes a lower high

nice to hear killing it! ...welldone man
1.93 !!!! seriously ?

I think 1.72 is on the cards but i dont see 1.93 again


If it goes to 1.71 I will sell up in the US and move to brixton or toxteth or govan
  • #85,520
  • Sep 2, 2008 12:58pm Sep 2, 2008 12:58pm
Quoting Alastair
Would you please be so kind as to explain your break on the inside bar to me.

because its a inside bar...it means the market is undecided, price if it break the high of the candle go long...if break the low...short the biatch!
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