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Cable Update (GBPUSD)

  • #90,501
  • Oct 7, 2008 1:41am Oct 7, 2008 1:41am
Hi all i had pending order at 17550 and it went above and down closed.Then take eothar school and went short from 50 ema on 1 hr and closed at 17499.Now waiting 17640 if comes theare to go short from theare.this 4 hr candle ha negative momentum and macd so i don;t belive it will go to 4hr 50ema but whoo knows.It might range a little DP -50 em 1 hr.

Daily momentum is neutral and we get to 5 ema,,so i think this is it.But then again....
  • #90,502
  • Oct 7, 2008 1:48am Oct 7, 2008 1:48am
Quoting balajis
Hi guys what is the general feeling cable will go up today or down like yesterday?

regards

balaji
i think the general consensus is that the overall trend is still down, but that's not to say we don't go long.
There is a great long position waiting to go back up to 620, and then somewhere a short to go back to 333.
but that's me.

we broke a strong support this morning when it broke below 7440.
and it stayed down there for some time before it started to rise again.

so to answer your question..yes on both counts...
but really i hope this helps somehow.
  • #90,503
  • Oct 7, 2008 1:56am Oct 7, 2008 1:56am
I am short again from 17545 TP DP
  • #90,504
  • Oct 7, 2008 2:05am Oct 7, 2008 2:05am
ok i am closed just in case .That is 33+35+39 pips in 1 hr work

If it gets to DP maybe go long or just wait for about 3 hr or US session for some big moves i hope
  • #90,505
  • Oct 7, 2008 2:08am Oct 7, 2008 2:08am
Quoting eohater
My short was just closed out for 20....hmmmm....
I thought EURO is uptrend against USD in 5M TF.... Since few hours back...
So should the GBP...

Sonic
  • #90,506
  • Oct 7, 2008 2:13am Oct 7, 2008 2:13am
Quoting sonicdeejay
I thought EURO is uptrend against USD in 5M TF.... Since few hours back...
So should the GBP...

Sonic
GBP has been in an uptrend since the close of the US Session. I don't know if you were inquiring about my trade but here's the details: I had a pending short order at 1.7560 that got filled went to the top and came back down into profit. She actually touched back down around 1.7491 but went as high as 1.7646. Once I got into profit I locked in 20 and let her ride.
Just digging in the trenches like everyone else!
  • #90,507
  • Oct 7, 2008 2:15am Oct 7, 2008 2:15am
Short at 1.7500
  • #90,508
  • Oct 7, 2008 2:19am Oct 7, 2008 2:19am
1.747x area is going to produce some support. It's in line with the 4h 5sma (40 mins til next candle) and 15m 50 sma.
Just digging in the trenches like everyone else!
  • #90,509
  • Oct 7, 2008 2:21am Oct 7, 2008 2:21am
Quoting "expert"
ok i am closed just in case .That is 33+35+39 pips in 1 hr work

If it gets to DP maybe go long or just wait for about 3 hr or US session for some big moves i hope
Good job!
Just digging in the trenches like everyone else!
  • #90,510
  • Oct 7, 2008 2:22am Oct 7, 2008 2:22am
Quoting dakrusha
i think the general consensus is that the overall trend is still down, but that's not to say we don't go long.
There is a great long position waiting to go back up to 620, and then somewhere a short to go back to 333.
but that's me.

we broke a strong support this morning when it broke below 7440.
and it stayed down there for some time before it started to rise again.

so to answer your question..yes on both counts...
but really i hope this helps somehow.
The 4H trend line is holding, but I think if it breaks todays high there is a good chance that it will close the gap.
  • #90,511
  • Oct 7, 2008 2:24am Oct 7, 2008 2:24am
Quoting Jnita
The 4H trend line is holding, but I think if it breaks todays high there is a good chance that it will close the gap.
good call...that would make a perfect short!
  • #90,512
  • Oct 7, 2008 2:24am Oct 7, 2008 2:24am
I put pending for buy at DP but i delete now.So still.Waiting for new 1 or 4 hr candle.Price is betwen 1 and 4 gann.that is not my trade style to do trades in that area.Looking for touch 1 of them.

i have to check if theare are some news for GBP or USD.

Stay smart
  • #90,513
  • Oct 7, 2008 2:26am Oct 7, 2008 2:26am
Quoting dakrusha
good call...that would make a perfect short!
Hell ya it would...it's right in line with the 4h 50 ema....I'll short the hell out of her if we get near it....
Just digging in the trenches like everyone else!
  • #90,514
  • Oct 7, 2008 2:29am Oct 7, 2008 2:29am
Quoting eohater
Hell ya it would...it's right in line with the 4h 50 ema....I'll short the hell out of her if we get near it....

I again use the 50SMA, but I see what you mean.
  • #90,515
  • Oct 7, 2008 2:36am Oct 7, 2008 2:36am
Concur?

There is a nice uptrend line forming on the 4H, and it is busy creating a wedge. Will go down to 1.73?? or up to 1.77??
  • #90,516
  • Oct 7, 2008 2:42am Oct 7, 2008 2:42am
I have 2 pending orders but can't tell wheare because big traders will see it and then they will try to destroy me.

After some time we are above DP,but QQE on 1 hr is till below 50 and 4 hr is neutral.But in 2-3 hr could start to go someplace.So small range DP-1 hr 50 ema which is not that bad for small sculping.

DP area looks like good suport for longs for now.
  • #90,517
  • Oct 7, 2008 2:45am Oct 7, 2008 2:45am
17510 and am long
  • #90,518
  • Oct 7, 2008 2:48am Oct 7, 2008 2:48am
and no SL.Did this big traders know that.So no need to go down first.Just drive that taxi to north.
  • #90,519
  • Oct 7, 2008 2:49am Oct 7, 2008 2:49am
Quoting "expert"
and no SL.Did this big traders know that.So no need to go down first.Just drive that taxi to north.

and your target is ?
  • #90,520
  • Oct 7, 2008 2:53am Oct 7, 2008 2:53am
Quoting "expert"
17510 and am long
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