It is going to 1.7XXX
wish me luck!
Cable Update (GBPUSD)
- #90,982
- Oct 10, 2008 7:50am Oct 10, 2008 7:50am
- | Commercial User | Joined May 2008 | 1,300 Posts
Hi all.I think some small retrace from now maybe then up and then down.To early for down.15 and 1 hr charts are not in overbought yet like usualy they are before fall.If fall comes but i hope it will.
I need some range in this area or little more up for short.i would like to see 750 area(maybe more,if break 17030 area even 7150 area) or my indicators for short.For now they are not.On 1 hr i see on indicators retrace mode for cable as well so will it turn down we will see.If i see that retrace is over i will add short.
Then again USDCHF is on down move so that is bad for cable shorts.And got place for maybe 150 pips more down.On 1 hr cart he is in retrace mode i think for now.Maybe breaks 0 level and starts up.we will see
So today i am not so sure what to do in other words
.yet
I close d my long because i dont like to trade oposit of trend and now waiting.
i must say again this writing is killing.Takes me so much time.See ya
I need some range in this area or little more up for short.i would like to see 750 area(maybe more,if break 17030 area even 7150 area) or my indicators for short.For now they are not.On 1 hr i see on indicators retrace mode for cable as well so will it turn down we will see.If i see that retrace is over i will add short.
Then again USDCHF is on down move so that is bad for cable shorts.And got place for maybe 150 pips more down.On 1 hr cart he is in retrace mode i think for now.Maybe breaks 0 level and starts up.we will see
So today i am not so sure what to do in other words
.yetI close d my long because i dont like to trade oposit of trend and now waiting.
i must say again this writing is killing.Takes me so much time.See ya
- #90,983
- Oct 10, 2008 8:00am Oct 10, 2008 8:00am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
It has broken 1.7000 convincingly. Let's see if this baby can penetrate 1.7100 
- #90,984
- Oct 10, 2008 8:03am Oct 10, 2008 8:03am
- | Commercial User | Joined May 2008 | 1,300 Posts
If i was stiil long i would make SL little below 700 because this could range a little,and as price break 7150 area move it uper.Maybe we see 7250 in raly.For thpeople who are short and cant say what to do.It is up to you.Maybe this go down from heare but again i would be going short yet.I can be wrong so trade on your risk.New 1 hr candle maybe go to 700 area agin befor up again.I am still flat
I hope i was helpfull for those who write on private.maybe i should go short from 7050 area.
See ya
I hope i was helpfull for those who write on private.maybe i should go short from 7050 area.
See ya
- #90,985
- Oct 10, 2008 8:04am Oct 10, 2008 8:04am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #90,986
- Oct 10, 2008 8:06am Oct 10, 2008 8:06am
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #90,989
- Oct 10, 2008 8:09am Oct 10, 2008 8:09am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
If i was stiil long i would make SL little below 700 because this could range a little,and as price break 7150 area move it uper.Maybe we see 7250 in raly.For thpeople who are short and cant say what to do.It is up to you.Maybe this go down from heare but again i would be going short yet.I can be wrong so trade on your risk.New 1 hr candle maybe go to 700 area agin befor up again.I am still flat
I hope i was helpfull for those who write on private.maybe i should go short from 7050 area.
See ya
- #90,990
- Oct 10, 2008 8:12am Oct 10, 2008 8:12am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Hold on tight....here it comes
- #90,991
- Oct 10, 2008 8:16am Oct 10, 2008 8:16am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Shy of 8 pips.I hope the next spike will do it
- #90,992
- Oct 10, 2008 8:20am Oct 10, 2008 8:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #90,993
- Oct 10, 2008 8:21am Oct 10, 2008 8:21am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
I think its gonna break 1.7100 soon
Just digging in the trenches like everyone else!
- #90,994
- Oct 10, 2008 8:22am Oct 10, 2008 8:22am
- | Commercial User | Joined May 2008 | 1,300 Posts
I think its gonna break 1.7100 soon
As for me i would like to go above.Short will be stronger.If shorts comes
- #90,996
- Oct 10, 2008 8:37am Oct 10, 2008 8:37am
- | Commercial User | Joined May 2008 | 1,300 Posts
we all make that mistake.Me too.But i learned how to control it.I ask my wife shouls i wait more because i am not sure.She hit me in and say"What do you think you greedy man".Then i clean my tears and wait for confrm.
Just cool head nothing else.Now before big up move i think it needs to retest7001 more time minimum.So i think you will make some profit in the end.
Just cool head nothing else.Now before big up move i think it needs to retest7001 more time minimum.So i think you will make some profit in the end.
- #90,997
- Oct 10, 2008 8:38am Oct 10, 2008 8:38am
- | Joined May 2007 | Status: Trader | 4,716 Posts
1h 62 ema is resting at 1.717x. I'll short the hell outta her if we get there. Currently long from 1.6974
HOLLA
- #90,998
- Oct 10, 2008 8:43am Oct 10, 2008 8:43am
- | Joined Jun 2008 | Status: Trader | 1,486 Posts
Shy of 8 pips.I hope the next spike will do it
1.7100
- #91,000
- Oct 10, 2008 8:47am Oct 10, 2008 8:47am
- | Joined Jun 2008 | Status: Trader | 1,486 Posts
Well on 5 min chart we are overbought for some time.If that condition goes to 15 then..And If 1 hr goes OB and the price is not above then maybe some but...we will see.
As for me i would like to go above.Short will be stronger.If shorts comes
tell me, do you use 80 or 70 for overbought? Is your RSI 14?