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Cable Update (GBPUSD)

  • #90,841
  • Oct 9, 2008 10:52am Oct 9, 2008 10:52am
Quoting eohater
Patience bro...It's not looking good right now, but we have 20 min before the next 4h candle. She's already started pulling back but she could go back down and test the bottom before going back north. I will decide within 15 min of the new 4h candle being opened.
You're right...should have one more run down here and if it fails to break the previous low then I think it is time for a long.
  • #90,842
  • Oct 9, 2008 11:11am Oct 9, 2008 11:11am
Quoting eohater
maybe more like squeaking!
well it's bein a DAWG!!! i am freakin pissed right now..
i can't do anything but post here.

all my clients sites and connections are stalling. i can barely get any connection, but this one works perf...WTF!?!!?!??!?!
  • #90,843
  • Oct 9, 2008 12:08pm Oct 9, 2008 12:08pm
http://newsimg.bbc.co.uk/media/image...res466x259.gif
  • #90,844
  • Oct 9, 2008 12:12pm Oct 9, 2008 12:12pm
This thing is only just starting

I dont know which currency benefits but these bail outs dwarf education/health/defence ???

The whole marshall plan for europe after world war 2 was $13 bill or 90 some in todays money

I am 80% cash and that's the way i stay
  • #90,845
  • Oct 9, 2008 12:37pm Oct 9, 2008 12:37pm
What a nice sucker play on the g/u. Break 7200 get lots of people short then come all the way back. 7200 to 7150 was were I was talking about. Looks like for now it was a good

This is such a fun game that they play with folks emotions. I love it
  • #90,846
  • Oct 9, 2008 12:44pm Oct 9, 2008 12:44pm
Quoting steelhead
What a nice sucker play on the g/u. Break 7200 get lots of people short then come all the way back. 7200 to 7150 was were I was talking about. Looks like for now it was a good

This is such a fun game that they play with folks emotions. I love it
Yep, slowly but surely I'm starting to figure this game out. :nerd:

HOLLA
  • #90,847
  • Oct 9, 2008 12:46pm Oct 9, 2008 12:46pm
i add this another 1h chart with the same 2 lines of the monthly i show you before:

look how test it 2 times, finally cross below the upper, and fell to the lower, and retest the upper line just to fall again...

i think this channel is no man land.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 19 KB
  • #90,848
  • Oct 9, 2008 12:48pm Oct 9, 2008 12:48pm
Just closed my long out for another 100 pips for the day. That's +30, +170 and +100 for the day. Now it's time to wait for another setup!
Just digging in the trenches like everyone else!
  • #90,849
  • Oct 9, 2008 12:52pm Oct 9, 2008 12:52pm
Quoting steelhead
What a nice sucker play on the g/u. Break 7200 get lots of people short then come all the way back. 7200 to 7150 was were I was talking about. Looks like for now it was a good

This is such a fun game that they play with folks emotions. I love it
It is fun! Just too many people don't know how to play it, which is probably good since someone has to loose.
Just digging in the trenches like everyone else!
  • #90,850
  • Oct 9, 2008 12:54pm Oct 9, 2008 12:54pm
Quoting eohater
Just closed my long out for another 100 pips for the day. That's +30, +170 and +100 for the day. Now it's time to wait for another setup!
good trading bro! ...i realised today i need to stop shitting bricks and just play the game

only im just niot sure if its gonna break this bottom...seems quite a support we have here
  • #90,851
  • Oct 9, 2008 12:58pm Oct 9, 2008 12:58pm
Quoting nAVIN2007
good trading bro! ...i realised today i need to stop shitting bricks and just play the game

only im just niot sure if its gonna break this bottom...seems quite a support we have here
don't sweat the bottom breaking or not. trade what you see! Remember, sell the tops and buy the bottoms. We keep making lower lows and lower highs, the overall trend is down, but both longs and shorts work as long as you don't go long on the top or short on the bottom.
Just digging in the trenches like everyone else!
  • #90,852
  • Oct 9, 2008 1:04pm Oct 9, 2008 1:04pm
Hi guys,
would you kind enough to let me into identifing a bottom which signifies begining of norther movement and Top which marks downward movement....
pipful tot
  • #90,853
  • Oct 9, 2008 1:04pm Oct 9, 2008 1:04pm
Quoting eohater
don't sweat the bottom breaking or not. trade what you see! Remember, sell the tops and buy the bottoms. We keep making lower lows and lower highs, the overall trend is down, but both longs and shorts work as long as you don't go long on the top or short on the bottom.
thats a good point.....
  • #90,854
  • Oct 9, 2008 1:06pm Oct 9, 2008 1:06pm
Quoting albashir
Hi guys,
would you kind enough to let me into identifing a bottom which signifies begining of norther movement and Top which marks downward movement....
pipful tot
after a rally of some kind look for a hammer, inverted or engulfing pattern bullish or bearish..hopefully u get the picture
  • #90,855
  • Oct 9, 2008 1:12pm Oct 9, 2008 1:12pm
Quoting eohater
don't sweat the bottom breaking or not. trade what you see! Remember, sell the tops and buy the bottoms. We keep making lower lows and lower highs, the overall trend is down, but both longs and shorts work as long as you dont go long on the top or short on the bottom.

So right now which is the top and which is the bottom?
  • #90,856
  • Oct 9, 2008 1:15pm Oct 9, 2008 1:15pm
Quoting peulthai
So right now which is the top and which is the bottom?

No offense man, but if you cant figure out what the top and bottom are you shouldnt be trading. That is basics 101 of trading.
  • #90,857
  • Oct 9, 2008 1:17pm Oct 9, 2008 1:17pm
Quoting peulthai
So right now which is the top and which is the bottom?
that's the million dollar question that everyone wants to know....the current top that I'm looking for is the 1h 62ema. we'll have dips between now and then, like right now I'm expecting it to go up to the 35sma on the 15m and then go back towards today's low.
Just digging in the trenches like everyone else!
  • #90,858
  • Oct 9, 2008 1:17pm Oct 9, 2008 1:17pm
Quoting eohater
Just closed my long out for another 100 pips for the day. That's +30, +170 and +100 for the day. Now it's time to wait for another setup!
Way to go.....you're always beating me by 20 or 30

And I thought I could call a trade!

I didn't get in long until around 7180 and closed for 70 on the last one.
  • #90,859
  • Oct 9, 2008 1:21pm Oct 9, 2008 1:21pm
Quoting Shilva
Way to go.....you're always beating me by 20 or 30

And I thought I could call a trade!

I didn't get in long until around 7180 and closed for 70 on the last one.
as long as your making money, it's all good! I said I would probably wait until 15min into the next 4h candle and that's what I did. She suckered people into thinking she was going to continue lower and even dropped 70+ pips on the 15min candle into the new 4h candle, then bang, I took the trade and was only risked by 5 pips (patience for the 15m candle to close or near closing before entry)
Just digging in the trenches like everyone else!
  • #90,860
  • Oct 9, 2008 1:35pm Oct 9, 2008 1:35pm
Quoting steelhead
No offense man, but if you cant figure out what the top and bottom are you shouldnt be trading. That is basics 101 of trading.

steelhead, mine is made up of blocks...

and unfortunately it was broken by a "hammer".

No offense intended...
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