Seems hell bent on filling the gap from last week.
Time will tell I guess
Time will tell I guess
Cable Update (GBPUSD)
- #86,284
- Sep 7, 2008 10:34pm Sep 7, 2008 10:34pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Alright good luck this week everyone. Its trading time so I wont post till later in the week to distracting. I posted earlier how you can get ahold of me during the week if you want to chat.
This is most likely the last post for me this week.
Happy hunting
Just digging in the trenches like everyone else!
- #86,288
- Sep 7, 2008 11:30pm Sep 7, 2008 11:30pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Sorry one more post. You see how we had a one hour candle close near the highs of the wick on four hour. that was a good entry for a short. At this point at 1.7913 this should not become a loosing trade.
Just digging in the trenches like everyone else!
- #86,291
- Sep 7, 2008 11:57pm Sep 7, 2008 11:57pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Isn't it risky to short GU when its on a clear uptrend? Maybe a good idea to wait for GU to make low so that to buy?
daily, weekly?
5 min 30 min?
Don't chase the market, Let the market come to you
- #86,292
- Sep 7, 2008 11:58pm Sep 7, 2008 11:58pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I am going to bed now 
and I have no trades open. I took the short earlier at the 4h 50ema and closed it for 50 pips at 7900. It could go much lower but the price action I am seeing looks to me as if more bulls are around right now.. I will wait for a good setup tomorrow. Good night and good luck to all....
and I have no trades open. I took the short earlier at the 4h 50ema and closed it for 50 pips at 7900. It could go much lower but the price action I am seeing looks to me as if more bulls are around right now.. I will wait for a good setup tomorrow. Good night and good luck to all.... Patience + Discipline - Greed = Success
- #86,296
- Sep 8, 2008 12:35am Sep 8, 2008 12:35am
Bro, i don't see any uptrend. 1hr, 4hr, daily still down trend.
Weekly,daily,4h,1h,m30,m5 ....
It looks uptrend to me for now, besides that the fact that the price started 100-200pips above last weeks close is another indication of uptrend and also the fact that NFP and Unemployment news came out bad on friday..
I think even a kid could know its an uptrend from all this.... But hey.. still cant say unless it hit 1.8000 at least once.
