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Cable Update (GBPUSD)

  • #87,181
  • Sep 10, 2008 8:12pm Sep 10, 2008 8:12pm
Quoting Obaidah
greediness got the week's work wiped, i was clinging on the idea that an explosive move to the upside might happen and so went long @ 1.7580 and still holding it, maybe i should close it and take a sell position as soon as it reachs 1.7525, or you have another possible scenario?
its due for some retrace... how much nobody knows... we had a very minor bottom hammer formed on the last stick but we will have to see... ive been forcasting a strong fall here in the next 24-48 hours... so be careful!
Lets do this...
  • #87,182
  • Sep 10, 2008 8:17pm Sep 10, 2008 8:17pm
7470 is a determining point in the setup right now... if it goes down again and doesn't pass then a rather strong support has been found (already strong in my opinion) if it passes look for it to drop hard. Plus we need to watch out for the reports on the USD tomorrow... could really slam the cable. Only my opinion though. GL to all
Lets do this...
  • #87,183
  • Sep 10, 2008 8:31pm Sep 10, 2008 8:31pm
since eurusd is trading below its broken support level 1.4 i think there will be a retest of that broken support in the comming few hours and if it acts like a resistance then dollar buying party will begin which gonna drag the cable somewhere around 1.72 unless tomorrow's releases change this view, anyway we still have a chance to reach 1.7520s before the ride begin
I recommend you read something else as this sentence is now concluded.
  • #87,184
  • Sep 10, 2008 8:36pm Sep 10, 2008 8:36pm
Quoting Obaidah
since eurusd is trading below its broken support level 1.4 i think there will be a retest of that broken support in the comming few hours and if it acts like a resistance then dollar buying party will begin which gonna drag the cable somewhere around 1.72 unless tomorrow's releases change this view, anyway we still have a chance to reach 1.7520s before the ride begin
did you close your long position? or are you waiting for a higher price?
Lets do this...
  • #87,185
  • Sep 10, 2008 8:38pm Sep 10, 2008 8:38pm
Quoting jcminvest
did you close your long position? or are you waiting for a higher price?
still waitin'
I recommend you read something else as this sentence is now concluded.
  • #87,186
  • Sep 10, 2008 8:45pm Sep 10, 2008 8:45pm
Quoting Obaidah
still waitin'
im off to bed..... best of luck buddy
Lets do this...
  • #87,187
  • Sep 10, 2008 8:47pm Sep 10, 2008 8:47pm
Quoting jcminvest
did you close your long position? or are you waiting for a higher price?
Hi guys,
I am really new to this trading. I am folowing your discussion and seems very interesting. keep it up Try to learn from you all. tq
  • #87,188
  • Sep 10, 2008 8:47pm Sep 10, 2008 8:47pm
Quoting jcminvest
im off to bed..... best of luck buddy
thanks bro, sweet dreams
I recommend you read something else as this sentence is now concluded.
  • #87,189
  • Sep 10, 2008 8:47pm Sep 10, 2008 8:47pm
short at 7524
  • #87,190
  • Sep 10, 2008 8:52pm Sep 10, 2008 8:52pm
me too ...
  • #87,191
  • Sep 10, 2008 8:53pm Sep 10, 2008 8:53pm
Quoting Ritz
short at 7524
but 40's seems possible now
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  • #87,192
  • Sep 10, 2008 9:09pm Sep 10, 2008 9:09pm
short at 1.7532
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  • #87,193
  • Sep 10, 2008 9:14pm Sep 10, 2008 9:14pm
Short off the 15m 50 ma price of 1.7535. I will not be holding this for very long. I think we will have another ride down then back up.
Just digging in the trenches like everyone else!
  • #87,194
  • Sep 10, 2008 9:21pm Sep 10, 2008 9:21pm
Quoting eohater
Short off the 15m 50 ma price of 1.7535. I will not be holding this for very long. I think we will have another ride down then back up.
ema?
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  • #87,195
  • Sep 10, 2008 9:22pm Sep 10, 2008 9:22pm
Quoting Obaidah
short at 1.7532
v.good
the higher more better, more profit
  • #87,196
  • Sep 10, 2008 9:23pm Sep 10, 2008 9:23pm
Quoting Ritz
v.good
the higher more better, more profit
well, lets just hope the ride will begin soon
I recommend you read something else as this sentence is now concluded.
  • #87,197
  • Sep 10, 2008 9:32pm Sep 10, 2008 9:32pm
Quoting Obaidah
ema?
sma

My time of entry the sma price was 1.7542 and I got in at 1.7535. I'm locked in with 5 pips profit and targeting 1.7510.
Just digging in the trenches like everyone else!
  • #87,198
  • Edited 9:42pm Sep 10, 2008 9:40pm | Edited 9:42pm
are you looking for triple bottom on 15m?
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  • #87,199
  • Sep 10, 2008 9:45pm Sep 10, 2008 9:45pm
I was just reading all the posts I missed while sleeping...and I got to say, you have a great fan base Steelhead...have you guys all kissed and made up or are you going to start a new thread and call it, "The Traders of Our Lives"...
  • #87,200
  • Sep 10, 2008 9:46pm Sep 10, 2008 9:46pm
Quoting Obaidah
are you looking for a triple bottom on 15m?
It's possible. I trade this session for quick pips 20-30 at a time. I usually miss out on the first half of the Asian session because it interfers with family time. But when I do, I'll play them up and down when she's moving the way she is right now. She will eventually choose a direction to go, if I can bank 40-60 pips before that movement, I can position myself playing with the houses money at risk. We could very well see 1.757x again before continuing to fall.
Just digging in the trenches like everyone else!
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