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Cable Update (GBPUSD)

  • #91,461
  • Oct 13, 2008 6:02pm Oct 13, 2008 6:02pm
Quoting dakrusha
i have daily H/L with fibs above and below for further targets. then i draw new fibs as the day progresses
These are what I call my local fibs. I renew them as the day progresses deleting the oldest one. But I always keep fibs from hi lo of day b4 until part way through the asian session when I have to hit the sack.

ps in one of your previous posts you mentioned about an S or R being tested 3 times b4 it broke or bounced (not 100% sure of your wording) but I cant find the post. Can u remember what I may be talking about

pps or pss nice to catch you online again, how has your day been
  • #91,462
  • Oct 13, 2008 6:21pm Oct 13, 2008 6:21pm
The low that we had @ 17261 could be all that there was with regards to a retracement and with the news that has come out of the UK re the bank bail out which has been adopted throughout Europe it appears may be more favourable than the US bail out and the markets may react accordingly and thus push the GBP higher Just a thought but the truth is
  • #91,463
  • Oct 13, 2008 6:53pm Oct 13, 2008 6:53pm
Quoting dakrusha
eohater is right. GBP USD is a funny pair. When technicals are running, you can almost bet money (oh wait..we are) that it will hit a high (or low) twice. Just like you can bet that it will return to the spike low from last friday to 6775 (or very close to it). It may take a couple days, or sometimes longer if news and "other events" interfere, but eventually technicals will take over and run back to do it's thing.

This is one of those things you will notice about this pair the longer you study it. It will do this accross multiple time frames. Even the 5M. A LOT of times it will peak (up or down) give up 20-30 pips the other way and retun to it's previous hi/low before it truly goes the other direction. You can open up the 5M chart and watch it happen over and over.
I know it. I got burned on a short and it kicked back like a bunch of monkeys lit on fire and went the other way.
  • #91,464
  • Oct 13, 2008 7:34pm Oct 13, 2008 7:34pm
This is my last trade today as I have to hit the sack.
long @17467 t/p 17680 with a t/s and s/l 17442

Monday has been good to me and I hope that this may continue my run since trading resumed am +506 -64.
Goodnight and good piping to you all
  • #91,465
  • Oct 13, 2008 8:06pm Oct 13, 2008 8:06pm
I would be more interested at shorting around this area. You might be caught buying a top.
  • #91,466
  • Oct 13, 2008 8:14pm Oct 13, 2008 8:14pm
Quoting sonicdeejay
All I have is 200 pips trail stop,,,
I am on my weekly trade wif mini lot..
I will close it on Friday....12 PM (GMT+8)

Sonic
Well...here is the update..The profits are in pips...
All with 200 pips trail..I will close it on Friday...

Sonic
Attached Image (click to enlarge)
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  • #91,467
  • Oct 13, 2008 8:15pm Oct 13, 2008 8:15pm
Quoting Chris_35
This is my last trade today as I have to hit the sack.
long @17467 t/p 17680 with a t/s and s/l 17442

Monday has been good to me and I hope that this may continue my run since trading resumed am +506 -64.
Goodnight and good piping to you all
Unfortunately I think you were too early on your entry. I think a long back to the recent high might have worked out. It's bouncing off the 15m 10ema and trying to break through. I took a short from 1.7468 and closed it out for 30 quick ones. Now I'm sitting on the side and I'll be back in a couple of hours to relook at the charts. It's still family time for me! See everyone in a couple of hours.
Just digging in the trenches like everyone else!
  • #91,468
  • Oct 13, 2008 8:42pm Oct 13, 2008 8:42pm
Quoting eohater
Unfortunately I think you were too early on your entry. I think a long back to the recent high might have worked out. It's bouncing off the 15m 10ema and trying to break through. I took a short from 1.7468 and closed it out for 30 quick ones. Now I'm sitting on the side and I'll be back in a couple of hours to relook at the charts. It's still family time for me! See everyone in a couple of hours.
I wish I would have taken that long. I saw it when she couldn't break through the 10ema on the 15m. I'll have some charts later for everyone. Just checking in on the price right now!
Just digging in the trenches like everyone else!
  • #91,469
  • Oct 13, 2008 8:43pm Oct 13, 2008 8:43pm
Quoting Chris_35
These are what I call my local fibs. I renew them as the day progresses deleting the oldest one. But I always keep fibs from hi lo of day b4 until part way through the asian session when I have to hit the sack.

ps in one of your previous posts you mentioned about an S or R being tested 3 times b4 it broke or bounced (not 100% sure of your wording) but I cant find the post. Can u remember what I may be talking about

pps or pss nice to catch you online again, how has your day been
thanks man...good to be seen.
i been out scouting a location for a bikini girl photo shoot im doing.
(like this one http://www.4teg.com/images/anzo_poster_small.jpg)

i didn't really trade much today. i made one that retraced and hit my BE but would have hit my target had i just left the dum thing alone.

i do remember talking about that in a previous post, but not sure which one, i will try to find it.

have a great night

EDIT...i'm such a rude bastard....how was ur day man? i hope ur are rollin in the $$$$
  • #91,470
  • Oct 13, 2008 8:46pm Oct 13, 2008 8:46pm
Quoting eohater
I wish I would have taken that long. I saw it when she couldn't break through the 10ema on the 15m. I'll have some charts later for everyone. Just checking in on the price right now!
wow..u have not sleep?? 9 46 AM in singapore and I just woke up...Gd morning buddy...

Sonic
  • #91,471
  • Oct 13, 2008 8:48pm Oct 13, 2008 8:48pm
Quoting eohater
I wish I would have taken that long. I saw it when she couldn't break through the 10ema on the 15m. I'll have some charts later for everyone. Just checking in on the price right now!
dropped right to the 50 on the 5M too..check it out
Attached Image
  • #91,472
  • Oct 13, 2008 8:49pm Oct 13, 2008 8:49pm
Quoting nwsuccess
I would be more interested at shorting around this area. You might be caught buying a top.


lol you are to funny man. I think that reading the charts might help lol.
  • #91,473
  • Oct 13, 2008 9:30pm Oct 13, 2008 9:30pm
Quoting sonicdeejay
wow..u have not sleep?? 9 46 AM in singapore and I just woke up...Gd morning buddy...

Sonic
hi are you the same sonicdeejay from the channelnewsasia ? i remember we buy HSI PUT and CALL
  • #91,474
  • Oct 13, 2008 9:30pm Oct 13, 2008 9:30pm
Quoting sonicdeejay
wow..u have not sleep?? 9 46 AM in singapore and I just woke up...Gd morning buddy...

Sonic
Good morning! It's only 10:30pm for me right now. I'll be up for about 4 more+ hours, sleep for abour 4h, then get up and go again. It's the schedule I've been on now for 2 years. Sometimes, I forgo watching price during the Asian Session and go to bed around this time, but I usually find myself awake in about 4hours not being able to sleep.

BTW: Your long is kicking ass right now!
Just digging in the trenches like everyone else!
  • #91,475
  • Oct 13, 2008 9:48pm Oct 13, 2008 9:48pm
Quoting beachboy
hi are you the same sonicdeejay from the channelnewsasia ? i remember we buy HSI PUT and CALL
yes..my buddy...
I m fr sillypore too..

Sonic
  • #91,476
  • Oct 13, 2008 9:49pm Oct 13, 2008 9:49pm
Quoting eohater
BTW: Your long is kicking ass right now!
Thx buddy...
All I have is 200 pip trail..and I will leave it as it is..
WIll close on Friday...

Sonic
  • #91,477
  • Oct 13, 2008 9:52pm Oct 13, 2008 9:52pm
Quoting eohater
Good morning! It's only 10:30pm for me right now. I'll be up for about 4 more+ hours, sleep for abour 4h, then get up and go again. It's the schedule I've been on now for 2 years. Sometimes, I forgo watching price during the Asian Session and go to bed around this time, but I usually find myself awake in about 4hours not being able to sleep.

BTW: Your long is kicking ass right now!
I think it is consolidating now.
We'll see 1.76XX today
  • #91,478
  • Oct 13, 2008 10:17pm Oct 13, 2008 10:17pm
Quoting gagakrimba
I think it is consolidating now.
We'll see 1.76XX today
She'll definately move East.... I don't know where she's going, only where she's been. I'm not currently in a trade. I missed my entry long when I closed my short out. I was having family time at the time so I didn't have time to spend on trading. I only took the short because I looked at the charts and she said take me. I'll post a chart on that trade in a minute.
Just digging in the trenches like everyone else!
  • #91,479
  • Oct 13, 2008 10:32pm Oct 13, 2008 10:32pm
Here are the trades that I took leading upto the close of the last US Session. I hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 153 KB
Just digging in the trenches like everyone else!
  • #91,480
  • Oct 13, 2008 10:34pm Oct 13, 2008 10:34pm
Quoting eohater
She'll definately move East.... I don't know where she's going, only where she's been. I'm not currently in a trade. I missed my entry long when I closed my short out. I was having family time at the time so I didn't have time to spend on trading. I only took the short because I looked at the charts and she said take me. I'll post a chart on that trade in a minute.
Yep, I missed it too, bounced right off of that 50 on the 4hr...

Waiting on the next train....

HOLLA
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