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Cable Update (GBPUSD)

  • #90,601
  • Oct 7, 2008 1:49pm Oct 7, 2008 1:49pm
Quoting eohater
My math shows that 1.7487 would place you at break even. Just out of curiosity why didn't you close it out when we hit 1.74440?

You wont imagine me....

I was out with my laptop and didnt know it was low on battery. I went ssssh and all i saw was a dark screen... guess where i was?
  • #90,602
  • Oct 7, 2008 1:54pm Oct 7, 2008 1:54pm
Quoting DirkH143
That is quite a pickle your are in with your first trade, isn't it?
The second trade should have made you by now some money.
I don't think that it will go down to 1.7345 soon, but it will come close. I think it is possible to go back to 1.7390-80 but not lower. The 4hr tends up but will go down in the next couple hours. I don't think you will get out of this without any minus.

Thanks. I dont expect a clean clear out. I only want minimal minus. Thanks
  • #90,603
  • Oct 7, 2008 1:55pm Oct 7, 2008 1:55pm
Quoting peulthai
You wont imagine me....

I was out with my laptop and didnt know it was low on battery. I went ssssh and all i saw was a dark screen... guess where i was?
DAMN IT! Reality is this....we could possible see th 50ema on the 4h before falling back down for a new low....we've crossed and are on top of the 5 sma and 10 sma on the 4h. Currently the 62ema on the 1h is holding us but she could give way....
Just digging in the trenches like everyone else!
  • #90,604
  • Oct 7, 2008 2:01pm Oct 7, 2008 2:01pm
Quoting eohater
DAMN IT! Reality is this....we could possible see th 50ema on the 4h before falling back down for a new low....we've crossed and are on top of the 5 sma and 10 sma on the 4h. Currently the 62ema on the 1h is holding us but she could give way....
I'm currently short and I'm expecting the 1h 62 ema to hold....if you look at the last 2 1h candles they have long wicks and have went up and tested the 50 and 62 respectively.....I would expect the current candle to perform the same....
Just digging in the trenches like everyone else!
  • #90,605
  • Oct 7, 2008 2:03pm Oct 7, 2008 2:03pm
Quoting peulthai
Had a short at 1.7345 pending

And then got short again at 1.7628

I intend zeroing out but not with so much lose on the previous short
Are you about 10 pips away from break even?
Just digging in the trenches like everyone else!
  • #90,606
  • Oct 7, 2008 2:10pm Oct 7, 2008 2:10pm
Triple TOP still holding
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08Oct08 m15.gif Size: 37 KB
  • #90,607
  • Oct 7, 2008 2:10pm Oct 7, 2008 2:10pm
Quoting eohater
DAMN IT! Reality is this....we could possible see th 50ema on the 4h before falling back down for a new low....we've crossed and are on top of the 5 sma and 10 sma on the 4h. Currently the 62ema on the 1h is holding us but she could give way....
Sh-t is bouncing all over the joint....took some profit off the table and left a runner to ride.

Want to hear what Darling has to say tomorrow, which should be interesting before the MPC rate decision...

HOLLA
  • #90,608
  • Oct 7, 2008 2:12pm Oct 7, 2008 2:12pm
Quoting Turtle
Sh-t is bouncing all over the joint....took some profit off the table and left a runner to ride.

Want to hear what Darling has to say tomorrow, which should be interesting before the MPC rate decision...

HOLLA

I closed out 2 lots already myself and I have 3 more still on the table from the top...their locked in the profit....if they get closed out I'll just short her ass higher on up....
Just digging in the trenches like everyone else!
  • #90,609
  • Oct 7, 2008 2:16pm Oct 7, 2008 2:16pm
Quoting eohater
I closed out 2 lots already myself and I have 3 more still on the table from the top...their locked in the profit....if they get closed out I'll just short her ass higher on up....

I like your style...........

HOLLA
  • #90,610
  • Oct 7, 2008 2:20pm Oct 7, 2008 2:20pm
Quoting Turtle
I like your style...........

HOLLA
Hell ya! I'm already partying on my end....I know you will be soon too!
Just digging in the trenches like everyone else!
  • #90,611
  • Oct 7, 2008 2:20pm Oct 7, 2008 2:20pm
Quoting eohater
Are you about 10 pips away from break even?
Yeah, i can see it my freedom.

thanks pals
  • #90,612
  • Oct 7, 2008 2:30pm Oct 7, 2008 2:30pm
Quoting eohater
Hell ya! I'm already partying on my end....I know you will be soon too!

AND YOU KNOW THIS MAN!!!!!

HOLLA
  • #90,613
  • Edited 3:34pm Oct 7, 2008 2:50pm | Edited 3:34pm
Quoting peulthai
Yeah, i can see it my freedom.

thanks pals

Did you get straightened out of your trade? Looks like you could have made some profit even....Don't sweat it if you've left pips on the table...there's always another trade...remember next time not to sell the bottom...Sell the tops and buy the bottoms...
Just digging in the trenches like everyone else!
  • #90,614
  • Oct 7, 2008 4:16pm Oct 7, 2008 4:16pm
hey party people.
i got 21 on a short from 495.
now i'm long TP set to 495...atwhich time i'm hoping for another great short opp back to the 73XX's

hope everybody is making $$ today!!!
  • #90,615
  • Oct 7, 2008 4:18pm Oct 7, 2008 4:18pm
Quoting dakrusha
hey party people.
i got 21 on a short from 495.
now i'm long TP set to 495...atwhich time i'm hoping for another great short opp back to the 73XX's

hope everybody is making $$ today!!!
I'm headed out for a little bit... but I still have shorts open from 1.7635 and I'm looking for new places to add......
Just digging in the trenches like everyone else!
  • #90,616
  • Oct 7, 2008 4:21pm Oct 7, 2008 4:21pm
Quoting eohater
I'm headed out for a little bit... but I still have shorts open from 1.7635 and I'm looking for new places to add......
SWEET!
You got a great entry. andi think we are headed south still for a while...i'm hoping to see 72xx by tonight or at lates by tomorrow AM, but i think by tomorrow AM we will see 71xx. you may wanna sit through SWAP on that short of yours http://www.forexfactory.com/images/icons/icon12.gif
  • #90,617
  • Oct 7, 2008 4:34pm Oct 7, 2008 4:34pm
Quoting pip mom
is this a head and shoulder on the 1 hr.????
not sure if anybody got to your question or not.
I don't see a head and shoulders on the 1H.
However we are currently seeing a Double Top below yesterdays high (1.7695). that is a strong down signal.
hope this helps
if you can, post a chart of what you are seeing so it can be better assessed. you may be looking at things a bit differently that others and it helps to see what you are.
thx
dak
  • #90,618
  • Oct 7, 2008 4:40pm Oct 7, 2008 4:40pm
Quoting dakrusha
hey party people.
i got 21 on a short from 495.
now i'm long TP set to 495...atwhich time i'm hoping for another great short opp back to the 73XX's

hope everybody is making $$ today!!!
closed on TP
  • #90,619
  • Oct 7, 2008 4:40pm Oct 7, 2008 4:40pm
Am long At 1.7455 tp at 1.7522 but eyeing 1.7640
  • #90,620
  • Oct 7, 2008 5:55pm Oct 7, 2008 5:55pm
shorted again at 7515 TP set to 7255..SL set to BE currently +55
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