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Cable Update (GBPUSD)

  • #91,621
  • Oct 14, 2008 10:09am Oct 14, 2008 10:09am
Quoting Infinity
No no no sir, I am still learning everyday.... we are all learning from each other... We are a team in here. Thanks to the Factory for allowing us this opportunity...
HERE HERE! I agree to that! Learning everday is the best way to trade..
Just digging in the trenches like everyone else!
  • #91,622
  • Oct 14, 2008 10:12am Oct 14, 2008 10:12am
Quoting eohater
Who's paying attention to the 4h 50ema? She's lying around 1.743x area and could cause a bounce back to today's high. She usually turns in about an hour. Keep your eye on this level.
She bounced, now lets see if the 10ema on the 15m holds. If she does, I would say short again.
Just digging in the trenches like everyone else!
  • #91,623
  • Oct 14, 2008 10:12am Oct 14, 2008 10:12am
Quoting eohater
HERE HERE! I agree to that! Learning everday is the best way to trade..

So the price is hovering basically on the 4H 50 EMA.....does it usually bounce to the upside? anyone?
  • #91,624
  • Oct 14, 2008 10:14am Oct 14, 2008 10:14am
Quoting Infinity
====>
Ouwww ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #91,625
  • Oct 14, 2008 10:14am Oct 14, 2008 10:14am
Quoting PipGal
So the price is hovering basically on the 4H 50 EMA.....does it usually bounce to the upside? anyone?
We just had a bounce off it as Eohater suggested it would. How much it will bounce still remains to be seen...
Patience + Discipline - Greed = Success
  • #91,626
  • Oct 14, 2008 10:24am Oct 14, 2008 10:24am
Have just logged in to see my long @ 1.7473 that I made this morning after making 150 pips for me has now retraced and hit my s/l. There is only one thing that I am going to do this week-end and thats to get a new phone so that I can keep track whilst Im working. Cos that little mishap just cost me $450 profit and -$85 for my s/l.
  • #91,627
  • Oct 14, 2008 10:34am Oct 14, 2008 10:34am
Here's my two cents for what it's worth. News is coming out in 30 min, the same time she usually takes her turn and goes back to the recent high or low that she just came off of. We could be getting ready to go back up to 1.756x area.
Just digging in the trenches like everyone else!
  • #91,628
  • Oct 14, 2008 10:35am Oct 14, 2008 10:35am
Quoting Chris_35
Have just logged in to see my long @ 1.7473 that I made this morning after making 150 pips for me has now retraced and hit my s/l. There is only one thing that I am going to do this week-end and thats to get a new phone so that I can keep track whilst Im working. Cos that little mishap just cost me $450 profit and -$85 for my s/l.
use trailing stop ..
Patience + Discipline - Greed = Success
  • #91,629
  • Oct 14, 2008 10:36am Oct 14, 2008 10:36am
Quoting Chris_35
Have just logged in to see my long @ 1.7473 that I made this morning after making 150 pips for me has now retraced and hit my s/l. There is only one thing that I am going to do this week-end and thats to get a new phone so that I can keep track whilst Im working. Cos that little mishap just cost me $450 profit and -$85 for my s/l.
i hate it when it happens
When life gives you lemons, make lemonade
  • #91,630
  • Oct 14, 2008 10:40am Oct 14, 2008 10:40am
Quoting eohater
Here's my two cents for what it's worth. News is coming out in 30 min, the same time she usually takes her turn and goes back to the recent high or low that she just came off of. We could be getting ready to go back up to 1.756x area.
possible....
Patience + Discipline - Greed = Success
  • #91,631
  • Oct 14, 2008 10:41am Oct 14, 2008 10:41am
Quoting Infinity
possible....
The 15m chart will lead the way for me! I'm not in a position and unfortunatley I've only made 50 pips during the Asian session.
Just digging in the trenches like everyone else!
  • #91,632
  • Oct 14, 2008 10:48am Oct 14, 2008 10:48am
Quoting eohater
The 15m chart will lead the way for me! I'm not in a position and unfortunatley I've only made 50 pips during the Asian session.
I am on the sides right now myself. I closed my last short at the 4h 50. I am going off for lunch now so I will see how it goes when I return. we are currently stuck between the 5sma and the 50ema on the h4. 10sma is also in line with the 50 ema. Until we get a clean break, we may be stuck in a small range..
Patience + Discipline - Greed = Success
  • #91,633
  • Oct 14, 2008 10:49am Oct 14, 2008 10:49am
Quoting eohater
The 15m chart will lead the way for me! I'm not in a position and unfortunatley I've only made 50 pips during the Asian session.
i think the dailly candle gonna tell us if we are heading down....the lower time frames seem underbought..
  • #91,634
  • Oct 14, 2008 10:50am Oct 14, 2008 10:50am
Quoting Infinity
I am on the sides right now myself. I closed my last short at the 4h 50. I am going off for lunch now so I will see how it goes when I return. we are currently stuck between the 5sma and the 50ema on the h4. 10sma is also in line with the 50 ema. Until we get a clean break, we may be stuck in a small range..
Nice review! Enjoy your lunch!
Just digging in the trenches like everyone else!
  • #91,635
  • Oct 14, 2008 11:10am Oct 14, 2008 11:10am
Think the US Govt is trying to hide something? They've moved the time of the release of the new back 2hrs. They all liars!
Just digging in the trenches like everyone else!
  • #91,636
  • Oct 14, 2008 11:18am Oct 14, 2008 11:18am
Quoting eohater
Think the US Govt is trying to hide something? They've moved the time of the release of the new back 2hrs. They all liars!

Can we basically say now this is headed south
  • #91,637
  • Oct 14, 2008 11:26am Oct 14, 2008 11:26am
Quoting PipGal
Can we basically say now this is headed south
I'm not sold on going short at this price right now!
Just digging in the trenches like everyone else!
  • #91,638
  • Oct 14, 2008 11:46am Oct 14, 2008 11:46am
Quoting eohater
Nice review! Enjoy your lunch!
Thanks bro! It seems we will see 7350 soon...
must past 7406 first though... hehe
Patience + Discipline - Greed = Success
  • #91,639
  • Oct 14, 2008 11:48am Oct 14, 2008 11:48am
Quoting eohater
I'm not sold on going short at this price right now!
i feel unlucky
i only needed 1 year to make a fortune but no god had another opinion
When life gives you lemons, make lemonade
  • #91,640
  • Oct 14, 2008 11:48am Oct 14, 2008 11:48am
Quoting Infinity
Thanks bro! It seems we will see 7350 soon...
Yes it does! I'll be closing my short I just took 18min ago and going long there.
Just digging in the trenches like everyone else!
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