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Cable Update (GBPUSD)

  • #90,481
  • Oct 6, 2008 9:05pm Oct 6, 2008 9:05pm
Quoting Kyen
...Right now the market is in a frantic stage and people are shorting everything and longing yen - I do believe that GBP has a ways to go down, as the same for GBP/JPY and EUR/JPY. Per your trade, I would suggest to keep an eye on it with a stop ar 1.7560 which would be the nearest resistance. Best of luck friend, stay strong throughout this turmoil.
Looks like a good place to short! It's around the 10sma on the 4h..She's lying around the 5sma currently...
Just digging in the trenches like everyone else!
  • #90,482
  • Oct 6, 2008 10:30pm Oct 6, 2008 10:30pm
Mayday.... Mayday... The cable is going downn... Put your oxygen mask on...
  • #90,483
  • Oct 6, 2008 11:29pm Oct 6, 2008 11:29pm
Quoting nugienos
Mayday.... Mayday... The cable is going downn... Put your oxygen mask on...

Let's not be carried by the fact that vable is going down and miss out some up pips... i just did.

Cable to hit 7245?
  • #90,484
  • Oct 6, 2008 11:36pm Oct 6, 2008 11:36pm
so good news for me today. i'm up quite a bit. I ended up closing my long at 450. i got nrvs about it going to 510, kept looking sketchy.

at this moment it's hitting 630 and dam wut a climb.
i have no negative trades today so that's great for me.
now i'm waiting for it to top off and find a good short.

i was going to short around 620 for a drop back to 585 but it did it faster than i can get a hold of it. took 3 5M candles to top...turn and hit 577 and go back up again...so now i'm waiting.
  • #90,485
  • Oct 6, 2008 11:39pm Oct 6, 2008 11:39pm
Enjoy
Attached Image
  • #90,486
  • Oct 7, 2008 12:46am Oct 7, 2008 12:46am
long at 543..TP 610
  • #90,487
  • Oct 7, 2008 12:58am Oct 7, 2008 12:58am
Quoting dakrusha
long at 543..TP 610
darkrusha,

did you actually go long?
  • #90,488
  • Oct 7, 2008 1:00am Oct 7, 2008 1:00am
Quoting dakrusha
long at 543..TP 610
I'm looking at a possible long around 1.748x...My short from 1.7560 was triggered...
Just digging in the trenches like everyone else!
  • #90,489
  • Oct 7, 2008 1:07am Oct 7, 2008 1:07am
Quoting eohater
I'm looking at a possible long around 1.748x...My short from 1.7560 was triggered...
i had entered several 5M candles before it started to go back up, but nowi'm i'm questioning it.. HAHA
I think i'm good for the 610, but maybe a little later than expected.

I'm thinking we should end up with 2 4H tweezers....great opp for short then.
We'll see though
  • #90,490
  • Oct 7, 2008 1:10am Oct 7, 2008 1:10am
Quoting eohater
I'm looking at a possible long around 1.748x...My short from 1.7560 was triggered...

good greif....
i must be retarded!!!
i had my 5M chart zoomed in and didn't even see that 473 S/R level!!
UGH sometimes i'm so lame!!!
  • #90,491
  • Oct 7, 2008 1:14am Oct 7, 2008 1:14am
Quoting dakrusha
good greif....
i must be retarded!!!
i had my 5M chart zoomed in and didn't even see that 473 S/R level!!
UGH sometimes i'm so lame!!!
I've done that before....I call it scope creep....too close to the picture...I apply it in life as well...sometimes you just need to step back and look at the bigger picture....
Just digging in the trenches like everyone else!
  • #90,492
  • Oct 7, 2008 1:15am Oct 7, 2008 1:15am
My short was just closed out for 20....hmmmm....
Just digging in the trenches like everyone else!
  • #90,493
  • Oct 7, 2008 1:17am Oct 7, 2008 1:17am
Quoting eohater
My short was just closed out for 20....hmmmm....
I'll short again off the 62 ema on the 1h if it fits....
Just digging in the trenches like everyone else!
  • #90,494
  • Oct 7, 2008 1:18am Oct 7, 2008 1:18am
Quoting peulthai
darkrusha,

did you actually go long?
yeah i did

and now that i'm ahead, i set SL to BE so we are good again
  • #90,495
  • Oct 7, 2008 1:19am Oct 7, 2008 1:19am
Quoting eohater
I'll short again off the 62 ema on the 1h if it fits....
I'm starting to ask myself if the 50 ema on the 4h is out of the question...
Just digging in the trenches like everyone else!
  • #90,496
  • Oct 7, 2008 1:20am Oct 7, 2008 1:20am
Quoting dakrusha
yeah i did

and now that i'm ahead, i set SL to BE so we are good again
I love it when longs and shorts work together....I was short and made money...you are long and locked in money....
Just digging in the trenches like everyone else!
  • #90,497
  • Oct 7, 2008 1:22am Oct 7, 2008 1:22am
Quoting eohater
I love it when longs and shorts work together....I was short and made money...you are long and locked in money....
yeah no doubt.
i was nervous bout this one too.
specially after you pointed out the S/R
i'm just glad nobody got hurt..HAHA
  • #90,498
  • Oct 7, 2008 1:25am Oct 7, 2008 1:25am
Quoting dakrusha
yeah no doubt.
i was nervous bout this one too.
specially after you pointed out the S/R
i'm just glad nobody got hurt..HAHA
Just digging in the trenches like everyone else!
  • #90,499
  • Oct 7, 2008 1:30am Oct 7, 2008 1:30am
ok my trade got SL at BE..
all good. 0 is beter than -
  • #90,500
  • Oct 7, 2008 1:39am Oct 7, 2008 1:39am
Quoting dakrusha
ok my trade got SL at BE..
all good. 0 is beter than -
Hi guys what is the general feeling cable will go up today or down like yesterday?

regards

balaji
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