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Cable Update (GBPUSD)

  • #91,041
  • Oct 10, 2008 10:10am Oct 10, 2008 10:10am
morning all..
i'm not in any trades ATM..
looking for a good entry
  • #91,042
  • Oct 10, 2008 10:11am Oct 10, 2008 10:11am
Quoting eohater
A new low today would suit me just fine! I'll party so hard this weekend, the earth will shift!
i will join u bro ....
  • #91,043
  • Oct 10, 2008 10:11am Oct 10, 2008 10:11am
good job guys.

navin hope we will see 1.400 soon.Don't worryyou will be fine i think.No panic.
  • #91,044
  • Oct 10, 2008 10:12am Oct 10, 2008 10:12am
Quoting gagakrimba
Entered long at 1.7030 with tight SL
Why????
Patience + Discipline - Greed = Success
  • #91,045
  • Oct 10, 2008 10:14am Oct 10, 2008 10:14am
Quoting eohater
We have traffic coming up at 1.701x and 1.697x. If we break these, we'll see your price today.
We got through the first baracade at 1.701x, now let's watch her smack 1.697x in the face!
Just digging in the trenches like everyone else!
  • #91,046
  • Oct 10, 2008 10:14am Oct 10, 2008 10:14am
i hope that guy that was long on 1 m chart for 10 pips is not working that any more.Somebody said bad daily candle well let see how wil this end first.
  • #91,047
  • Oct 10, 2008 10:17am Oct 10, 2008 10:17am
Quoting "expert"
i hope that guy that was long on 1 m chart for 10 pips is not working that any more.Somebody said bad daily candle well let see how wil this end first.
You can't judge the current daily candle until it's CLOSED! Remember everyone, the daily candle is made up of the day and it's going to change. If your trading off the daily candle, you need to be looking at the previous days closed candle and entering on the new candle when price is right. You can't trade today on today's daily candle. IT DOESN"T WORK!
Just digging in the trenches like everyone else!
  • #91,048
  • Oct 10, 2008 10:17am Oct 10, 2008 10:17am
Quoting nangro
what is 1h 62 ema?..how i can use it?
plot exponential moving average (ema) on your 1 hour chart and adjust the period to 62. Hope that helps... here is the beauty at work...
Attached Image
Patience + Discipline - Greed = Success
  • #91,049
  • Oct 10, 2008 10:17am Oct 10, 2008 10:17am
i just see berish reverse divergence on 1 hr.test of low for sure then i think.
  • #91,050
  • Oct 10, 2008 10:18am Oct 10, 2008 10:18am
Quoting "expert"
good job guys.

navin hope we will see 1.400 soon.Don't worryyou will be fine i think.No panic.
yes i decided with this one dont exit, no panic just sit on my hands trend is down and hopefully this will sink assuning we have more room for down...
  • #91,051
  • Oct 10, 2008 10:21am Oct 10, 2008 10:21am
Quoting eohater
I'm sorry! I just ate your long!
Ya....but i think it's going for another push
  • #91,052
  • Oct 10, 2008 10:22am Oct 10, 2008 10:22am
Quoting gagakrimba
Ya....but i think it's going for another push
Maybe, I don't care because my profit is locked in. If we should push back up to the 62ema, I'll short her ass again, no questions asked.
Just digging in the trenches like everyone else!
  • #91,053
  • Oct 10, 2008 10:23am Oct 10, 2008 10:23am
Quoting eohater
We got through the first baracade at 1.701x, now let's watch her smack 1.697x in the face!
here here to that!
  • #91,054
  • Oct 10, 2008 10:24am Oct 10, 2008 10:24am
Quoting eohater
You can't judge the current daily candle until it's CLOSED! Remember everyone, the daily candle is made up of the day and it's going to change. If your trading off the daily candle, you need to be looking at the previous days closed candle and entering on the new candle when price is right. You can't trade today on today's daily candle. IT DOESN"T WORK!
my point confrmed.congrats

ok i see Now USDCHF.He is on up again but i see it im indi as retrace for now on 1 hrIf he bounce of let us say 1,280 area then this short on cable bad again.

I am closed waiting to see new oB condition.If not that is ok.I was good today.If i am to greedy my will hit me again.She says that is bad quality.
  • #91,055
  • Oct 10, 2008 10:26am Oct 10, 2008 10:26am
Quoting "expert"
...I am closed waiting to see new oB condition.If not that is ok.I was good today.If i am to greedy my wife hit me again.She says that is bad quality.
She's right!
Just digging in the trenches like everyone else!
  • #91,056
  • Oct 10, 2008 10:26am Oct 10, 2008 10:26am
Quoting eohater
Maybe, I don't care because my profit is locked in. If we should push back up to the 62ema, I'll short her ass again, no questions asked.
Patience + Discipline - Greed = Success
  • #91,057
  • Oct 10, 2008 10:27am Oct 10, 2008 10:27am
Quoting Infinity
plot exponential moving average (ema) on your 1 hour chart and adjust the period to 62. Hope that helps... here is the beauty at work...

an alternative explanation to the resistamnce found at 7176 area in this pairing could be the confluence of the following

a. 38.2% fib 7843-today's lows 6776
b. The previous swing low area on 1hr and minor swing lo area on 4hr ..shown on 1hr screencap below as the white dotted lines
c. The decsnding resistance trend line (1st test)

Furthermore at 400pips up from the 6776 intray lows , outside of it's 5,10 and 20day pip range averages, a decent pullkback was very likely.

Just a thought.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: confluence.gif Size: 15 KB
ex member
  • #91,058
  • Oct 10, 2008 10:27am Oct 10, 2008 10:27am
I'm off to lunch, profit is locked in and I have another pending order resting at 1.7160 in the event she shoots back up.
Just digging in the trenches like everyone else!
  • #91,059
  • Oct 10, 2008 10:28am Oct 10, 2008 10:28am
Quoting eohater
Maybe, I don't care because my profit is locked in. If we should push back up to the 62ema, I'll short her ass again, no questions asked.
Hey bro, thanks again for all your help.I have to ask how late in the day would you consider shorting again and would you hold it over the weekend?
Please ask questions and share your experiences with us all!
  • #91,060
  • Oct 10, 2008 10:30am Oct 10, 2008 10:30am
Quoting gagakrimba
Entered long at 1.7030 with tight SL
I hope no hit yor SL, too early you entry long ! I enter at 17000, ups 40 pips now ? OK closed, freaky friday !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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