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Cable Update (GBPUSD)

  • #86,081
  • Sep 5, 2008 8:21am Sep 5, 2008 8:21am
Quoting dznmrd
:d
Attachment

Am mad... think i should just stay off... except you want me to lean on your shoulder... that would mean you should be 70% certain of your analyses
  • #86,082
  • Sep 5, 2008 8:23am Sep 5, 2008 8:23am
Quoting hipcio
go opposite what I think
HAHAHAHA yeah but the 5m 15m and the 1h charts were waiting for a long signal confirmation. too bad the trend was too strong to retrace...
When life gives you lemons, make lemonade
  • #86,083
  • Sep 5, 2008 8:24am Sep 5, 2008 8:24am
Quoting ottelo
The short sign will be on first 4H Candle
yes but you have to look at the 1d 4h and the 1h for the signal, not only one chart
When life gives you lemons, make lemonade
  • #86,084
  • Sep 5, 2008 8:25am Sep 5, 2008 8:25am
Either way. I'm in short. 1.7717
Lets see
  • #86,085
  • Sep 5, 2008 8:25am Sep 5, 2008 8:25am
Quoting peulthai
Am mad... think i should just stay off... except you want me to lean on your shoulder... that would mean you should be 70% certain of your analyses
Nothing special,

I just waited for the news to release and when i found bad news on both, i open 15 min chart and enter when the price was going down to get the entry.
  • #86,086
  • Sep 5, 2008 8:25am Sep 5, 2008 8:25am
im short at 1.7727
"Invest With The Insiders, Not The Masses" George Muzea
  • #86,087
  • Sep 5, 2008 8:27am Sep 5, 2008 8:27am
+20pps

That is all for this week


Thank You all for discussion and help


have a great weekend!
Jesus Christ is my only Lord !
  • #86,088
  • Sep 5, 2008 8:27am Sep 5, 2008 8:27am
Quoting hipcio
@7725
thats somehow a risky trade, but you had better entered at 1.7740 on the first extension of the 5min fibo
When life gives you lemons, make lemonade
  • #86,089
  • Sep 5, 2008 8:30am Sep 5, 2008 8:30am
Keep in eye Folks...
The Ottelo way's find the mutual system to wins
  • #86,090
  • Sep 5, 2008 8:35am Sep 5, 2008 8:35am
the only sign to short is that we in downtrend..it looking like long to me all the way...
  • #86,091
  • Sep 5, 2008 8:37am Sep 5, 2008 8:37am
Quoting nAVIN2007
the only sign to short is that we in downtrend..it looking like long to me all the way...
Maybe its going to rally, maybe we need to keep buying the lows....pls dont take this as advice
  • #86,092
  • Sep 5, 2008 8:39am Sep 5, 2008 8:39am
o well short stopped out at break even im done for the week total profit 1445 pips good luck to you all (ps if it breaks the pivot i would sell it but not on friday lol)
  • #86,093
  • Sep 5, 2008 8:42am Sep 5, 2008 8:42am
Quoting dznmrd
Maybe its going to rally, maybe we need to keep buying the lows....pls dont take this as advice
i wont do that technically we in a downtrend and u have to see this as a retracement...
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  • #86,094
  • Sep 5, 2008 8:44am Sep 5, 2008 8:44am
Quoting nAVIN2007
the only sign to short is that we in downtrend..it looking like long to me all the way...
it all depends on the time frame you are looking at.

1h , 15m, 5m now are long but no buy signal yet, maybe at the hourly close.

4 h, 1 h are short

so probably a buy on the dip target 1.7740 again but it all awaits the next moves.
When life gives you lemons, make lemonade
  • #86,095
  • Sep 5, 2008 8:47am Sep 5, 2008 8:47am
just sold the rally @ 7726
  • #86,096
  • Sep 5, 2008 8:51am Sep 5, 2008 8:51am
again missed the quickie long from retracement to extension, should have looked at the 1 min chart to go with it but its okay. these are small quick trends that should be followed with lower time frames
When life gives you lemons, make lemonade
  • #86,097
  • Sep 5, 2008 8:52am Sep 5, 2008 8:52am
Quoting Shilva
just sold the rally @ 7726
same here as we are at the 61.8 fib@ 7740
  • #86,098
  • Sep 5, 2008 8:53am Sep 5, 2008 8:53am
Looking at the Daily Chart, what if this is the Head of the Head and Shoulders? The left side is beautifl looking. Now is it time to complete the right?
Just digging in the trenches like everyone else!
  • #86,099
  • Sep 5, 2008 8:56am Sep 5, 2008 8:56am
Quoting eohater
Looking at the Daily Chart, what if this is the Head of the Head and Shoulders? The left side is beautifl looking. Now is it time to complete the right?
what time frame?
  • #86,100
  • Sep 5, 2008 8:56am Sep 5, 2008 8:56am
still no signal to short ......except no higher high is made.....we also at 61.8 retrace..
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