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Cable Update (GBPUSD)

  • #90,761
  • Oct 8, 2008 1:27pm Oct 8, 2008 1:27pm
anyone long currently? Or is everyone holding off their positions until the US Session closes?
Just digging in the trenches like everyone else!
  • #90,762
  • Oct 8, 2008 1:31pm Oct 8, 2008 1:31pm
Quoting eohater
anyone long currently? Or is everyone holding off their positions until the US Session closes?
I'm currently flat...
Patience + Discipline - Greed = Success
  • #90,763
  • Oct 8, 2008 1:34pm Oct 8, 2008 1:34pm
Quoting Infinity
I'm currently flat...
agree on that...cash is my position right now as well. She could fall to 1.715x (bottom of the 4h channel) before rising again.
Just digging in the trenches like everyone else!
  • #90,764
  • Oct 8, 2008 1:39pm Oct 8, 2008 1:39pm
Quoting eohater
agree on that...cash is my position right now as well. She could fall to 1.715x (bottom of the 4h channel) before rising again.
could go to 1.6500 in a hurry at any time... Dollar is seen as safe haven among currencies too so I wouldn't be surprised...
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Patience + Discipline - Greed = Success
  • #90,765
  • Oct 8, 2008 1:43pm Oct 8, 2008 1:43pm
Quoting Infinity
could go to 1.6500 in a hurry at any time... Dollar is seen as safe haven among currencies too so I wouldn't be surprised...
Just digging in the trenches like everyone else!
  • #90,766
  • Oct 8, 2008 2:03pm Oct 8, 2008 2:03pm
I'm outta here everyone! I'll see everyone in about 6-7 hours. Personal obligations (weekly guys night out) will keep me from trading the Asian session tonight.
Just digging in the trenches like everyone else!
  • #90,767
  • Oct 8, 2008 2:10pm Oct 8, 2008 2:10pm
Quoting Infinity
could go to 1.6500 in a hurry at any time... Dollar is seen as safe haven among currencies too so I wouldn't be surprised...
yes i agree im scared to long, infact i dunno why but always seem to see longs, only these days days im sticking to rules saying no going against trend..and as a result consistenly flat

scared to short as we at a point where theres support on weekly and scared to long as it counter-trend...what to do
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  • #90,768
  • Oct 8, 2008 2:18pm Oct 8, 2008 2:18pm
Quoting DirkH143
What time frame do you trade?
I watch the daily's, 4h and the hourly's. I get in and out on the 5m

  • #90,769
  • Oct 8, 2008 5:05pm Oct 8, 2008 5:05pm
Quoting eohater
agree on that...cash is my position right now as well. She could fall to 1.715x (bottom of the 4h channel) before rising again.
Looks like this is where she is currently headed! I'll be back in a couple of hours and see what's transpired.
Just digging in the trenches like everyone else!
  • #90,770
  • Oct 8, 2008 5:42pm Oct 8, 2008 5:42pm
It was a more than 400 pips drop yesterday.
Will there be another 400 pips drop today ?
  • #90,771
  • Oct 8, 2008 6:15pm Oct 8, 2008 6:15pm
Quoting eohater
Looks like this is where she is currently headed! I'll be back in a couple of hours and see what's transpired.
Good call! Looks like we might just bounce, at least I think so. I should've waited for confirmation. I have a low of 7171 at the moment on my 15m. Any one out there with any ideas? I'm long at 7204 and nervous about that even.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #90,772
  • Edited 6:49pm Oct 8, 2008 6:40pm | Edited 6:49pm
Aaaaand Bounce. Nice. Just moved my stop to BE and I'm not sure what I'll do next. I do have to go soon, so maybe I should just close it out for a small profit. It is oversold like crazy though and this might be a legit bounce.

closed for +13, had +26 but moved a bit slow. Good enough, gotta run anyways and don't have to watch it.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #90,773
  • Oct 8, 2008 7:03pm Oct 8, 2008 7:03pm
And down it goes again.
Take what you can... Give nothin back.
  • #90,774
  • Oct 8, 2008 9:24pm Oct 8, 2008 9:24pm
Quoting eohater
agree on that...cash is my position right now as well. She could fall to 1.715x (bottom of the 4h channel) before rising again.
I see I was pretty close on that call. I'm currently short from 1.73 with SL at +2
Just digging in the trenches like everyone else!
  • #90,775
  • Oct 8, 2008 9:48pm Oct 8, 2008 9:48pm
Quoting eohater
I see I was pretty close on that call. I'm currently short from 1.73 with SL at +2
Just closed this for 30 pips. Next trade around the corner!
Just digging in the trenches like everyone else!
  • #90,776
  • Oct 8, 2008 9:51pm Oct 8, 2008 9:51pm
Quoting eohater
I see I was pretty close on that call. I'm currently short from 1.73 with SL at +2
You were, thanks on that. I'm back short at 7296, currently with a SL about the same. You think we'll test 7200 again before it heads north again? Any input I can get from you guys with more experience would be greatly appreciated.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #90,777
  • Oct 8, 2008 10:00pm Oct 8, 2008 10:00pm
Quoting therealist
You were, thanks on that. I'm back short at 7296, currently with a SL about the same. You think we'll test 7200 again before it heads north again? Any input I can get from you guys with more experience would be greatly appreciated.
I don't know where she's going. Right now she's lying on the top of the 10sma on the 1h chart. She just broke through it a couple of hours ago. We could continue on a northern direction once Berlin and London get going and take our price upto 1.742x area. I still see 1.715x in our future as well. Volume is getting ready to come into the market so they will lead the way.
Just digging in the trenches like everyone else!
  • #90,778
  • Oct 8, 2008 10:35pm Oct 8, 2008 10:35pm
The spread is widening compared to 2 months before. Y? Bcoz the market range is getting widening as well.

Back to 2 month, a single drop only give us around 70-80pips. But now, a single drop can hit 200pips.

Keep your lots size small to align with the widening market range.

It's either you get a jackpot hitto, or I gonna left bcoz MC.
  • #90,779
  • Oct 8, 2008 11:59pm Oct 8, 2008 11:59pm
looking to short from the top
  • #90,780
  • Oct 9, 2008 12:11am Oct 9, 2008 12:11am
short from 7.240
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