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Cable Update (GBPUSD)

  • #89,321
  • Sep 26, 2008 10:38am Sep 26, 2008 10:38am
Quoting Turtle
...Couldn't resist the short to grab some lunch money!!!
I had to get some extra party money for this weekend myself!

I'm starting early though! The smoke has started to roll!
Just digging in the trenches like everyone else!
  • #89,322
  • Sep 26, 2008 10:42am Sep 26, 2008 10:42am
Quoting eohater
I had to get some extra party money for this weekend myself!

I'm starting early though! The smoke has started to roll!
AND YOU KNOW THIS MAANNN!!!!!!

Puff, Puff, Pass...don't mess up the rotation man!!

HOLLA
  • #89,323
  • Sep 26, 2008 10:43am Sep 26, 2008 10:43am
In all seriousness ladies and gentlemen. I do not recommend holding a trade over the weekend. We've been having some major gaps and with the possibility of the US Govt's bailout plan coming to fruition, it could send this baby on a wild ride. At this point the 10sma and the 50 ema are holding the price hostage on the 4h chart. Remember there are setups everyday to be had if your patient enough to wait for them. Good luck trading everyone. I'll be online just not trading for the rest of the day.
Just digging in the trenches like everyone else!
  • #89,324
  • Sep 26, 2008 10:43am Sep 26, 2008 10:43am
Quoting eohater
Watch it come back down to 1.838x area.
well i'm hoping cuz i'm short. +24 now
  • #89,325
  • Sep 26, 2008 10:44am Sep 26, 2008 10:44am
Quoting Turtle
AND YOU KNOW THIS MAANNN!!!!!!

Puff, Puff, Pass...don't mess up the rotation man!!

HOLLA
No bogarting allowed!
Just digging in the trenches like everyone else!
  • #89,326
  • Sep 26, 2008 10:46am Sep 26, 2008 10:46am
Quoting dakrusha
well i'm hoping cuz i'm short. +24 now
She's have some support by the 50 sma on the 15m holding her back for a minute. Don't forget it's Friday and the volume is going to starting to drop off.
Just digging in the trenches like everyone else!
  • #89,327
  • Sep 26, 2008 10:47am Sep 26, 2008 10:47am
Quoting eohater
No bogarting allowed!


HOLLA
  • #89,328
  • Sep 26, 2008 10:50am Sep 26, 2008 10:50am
Quoting eohater
She's have some support by the 50 sma on the 15m holding her back for a minute. Don't forget it's Friday and the volume is going to starting to drop off.
i don't usually trade too much on Fridays, but for some reason i was very drawn to "today".
+44 now. WOO HOO!!! did you say something bout a party and smoke?
  • #89,329
  • Sep 26, 2008 10:50am Sep 26, 2008 10:50am
Quoting eohater
Watch it come back down to 1.838x area.
If it wasn't Friday I'd go back long on her ass now.
Just digging in the trenches like everyone else!
  • #89,330
  • Sep 26, 2008 10:51am Sep 26, 2008 10:51am
Quoting eohater
If it wasn't Friday I'd go back long on her ass now.

hey hey now..enough about ur long on her ass!
  • #89,331
  • Sep 26, 2008 10:54am Sep 26, 2008 10:54am
ok closed for +46
i won't complain today
  • #89,332
  • Sep 26, 2008 10:56am Sep 26, 2008 10:56am
Quoting dakrusha
hey hey now..enough about ur long on her ass!
Just digging in the trenches like everyone else!
  • #89,333
  • Sep 26, 2008 10:57am Sep 26, 2008 10:57am
I always have some crazy idea.Watch this.
If read this daily chart good we have some reverse bearish divergance.SO we might test that low at 1.17450 area.That is just my thinking as 1 possible scenario.But we will see what will happend over weekend first.

As for weekend trading. i sometimes leave open trade.But only when expecting gaps like now.SO 1 min before my broker close i put order and small SL(arround 15 pips).In my opinion it is small risk and small price for bad trade.
Of course if i think it will go up i put long and oposit for down move.

This is little risky but i think i can risk 15 pips for that kind of trade.

P.S i did this 2 times and it works.SO now we will see.

Any opinions will dollar go stronger or not over weekend?
  • #89,334
  • Sep 26, 2008 11:02am Sep 26, 2008 11:02am
Quoting "expert"
I always have some crazy idea.Watch this.
If read this daily chart good we have some reverse bearish divergance.SO we might test that low at 1.17450 area.That is just my thinking as 1 possible scenario.But we will see what will happend over weekend first.

As for weekend trading. i sometimes leave open trade.But only when expecting gaps like now.SO 1 min before my broker close i put order and small SL(arround 15 pips).In my opinion it is small risk and small price for bad trade.
Of course if i think it will go up i put long and oposit for down move.

This is little risky but i think i can risk 15 pips for that kind of trade.

P.S i did this 2 times and it works.SO now we will see.

Any opinions will dollar go stronger or not over weekend?
Anything can happen...this is Forex!!

I'm sitting on the sidelines.

HOLLA
  • #89,335
  • Edited 11:18am Sep 26, 2008 11:05am | Edited 11:18am
Quoting "expert"
...we might test that low at 1.7450 area....
I would like to see a good break of the 4h 50 ema and a possible retest of it as resistance before I can commit to that area.

I think the $ is dependant upon this damn bailout plan. The markets might take it a good news for the dollar and provide $ strength again or it might look at like the US has fired up their printing presses and devalue the $.

Right now I wait and will watch this go flat for the rest of the day probably.

I'm off to lunch see everyone in about an hour.
Just digging in the trenches like everyone else!
  • #89,336
  • Sep 26, 2008 11:05am Sep 26, 2008 11:05am
Quoting "expert"
I always have some crazy idea.Watch this.
If read this daily chart good we have some reverse bearish divergance.SO we might test that low at 1.17450 area.That is just my thinking as 1 possible scenario.But we will see what will happend over weekend first.

As for weekend trading. i sometimes leave open trade.But only when expecting gaps like now.SO 1 min before my broker close i put order and small SL(arround 15 pips).In my opinion it is small risk and small price for bad trade.
Of course if i think it will go up i put long and oposit for down move.

This is little risky but i think i can risk 15 pips for that kind of trade.

P.S i did this 2 times and it works.SO now we will see.

Any opinions will dollar go stronger or not over weekend?

i put up a post yesterday about the "low" down too. on tech only i think we should easily see a return to the lows back in the 7400 but who knows with the fundamentals that are coming this weekend.
  • #89,337
  • Sep 26, 2008 11:05am Sep 26, 2008 11:05am
Quoting "expert"
I always have some crazy idea.Watch this.
If read this daily chart good we have some reverse bearish divergance.SO we might test that low at 1.17450 area.That is just my thinking as 1 possible scenario.But we will see what will happend over weekend first.

As for weekend trading. i sometimes leave open trade.But only when expecting gaps like now.SO 1 min before my broker close i put order and small SL(arround 15 pips).In my opinion it is small risk and small price for bad trade.
Of course if i think it will go up i put long and oposit for down move.

This is little risky but i think i can risk 15 pips for that kind of trade.

P.S i did this 2 times and it works.SO now we will see.

Any opinions will dollar go stronger or not over weekend?
I thought if it gaps against you your SL wont work.
  • #89,338
  • Sep 26, 2008 11:07am Sep 26, 2008 11:07am
Quoting alearner
I thought if it gaps against you your SL wont work.
depends on your broker but it should no mater what.
I know with FXCM it will

ultimately it's safer to leave your trades off the table over the weekend.
  • #89,339
  • Sep 26, 2008 11:18am Sep 26, 2008 11:18am
Quoting alearner
I thought if it gaps against you your SL wont work.
well if it works for TP it should work for SL as well.I think it is the same when you put SL and turn of computer.When i turn on comp if SL was hit my trade is finish in my account too.

As for up move from 4hr 50 ema possible.But on 4 hr we are still little overbought i think.And that 1.8600 area would be trong resistance.I willl see how did others players put orders over weekend for GBP.

USDCHF is in some triangle so which way he made break oposit is for GU.
  • #89,340
  • Sep 26, 2008 11:21am Sep 26, 2008 11:21am
I'm holding long since 1.8385 , for me looks like start now up abaut 60-70 pips. I hope .
Somebody can explaine me simply, how you guys know GAP is coming up or down. Tnx
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