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Cable Update (GBPUSD)

  • #93,381
  • Oct 23, 2008 8:28am Oct 23, 2008 8:28am
I am looking to short @ 1.6155 ,38% dailey fib, 10ema, and I have a trendline there so we will see how it plays out!!
Please ask questions and share your experiences with us all!
  • #93,382
  • Oct 23, 2008 8:32am Oct 23, 2008 8:32am
The 15 minute candles are closing below yesterday's low. If that holds then I suspect more down later today through early tomorrow maybe????
  • #93,383
  • Oct 23, 2008 8:33am Oct 23, 2008 8:33am
I'm waiting for it to get in to the 1.5's before I close my short. Shit is hitting the fan for sterling!
  • #93,384
  • Oct 23, 2008 8:37am Oct 23, 2008 8:37am
Quoting spintrader
I'm waiting for it to get in to the 1.5's before I close my short. Shit is hitting the fan for sterling!
Only grabbed 30 this am. woke up late and had to get kids to school. Closed my short. It was to close to the retrace. I will have to wait for another setup.
  • #93,385
  • Oct 23, 2008 9:21am Oct 23, 2008 9:21am
I just hope that we are not for rude awakening
  • #93,386
  • Oct 23, 2008 9:26am Oct 23, 2008 9:26am
Quoting LuckyLurker
there's 6060
Nice trade! You called that perfectly!
Just digging in the trenches like everyone else!
  • #93,387
  • Oct 23, 2008 9:33am Oct 23, 2008 9:33am
should it retrace soon?

Quoting eohater
Nice trade! You called that perfectly!
Money management is good for your health...
  • #93,388
  • Oct 23, 2008 9:35am Oct 23, 2008 9:35am
False alarm....
It bounce back
  • #93,389
  • Oct 23, 2008 9:37am Oct 23, 2008 9:37am
Quoting 13thheaven
should it retrace soon?
Good question. I don't know. My shorts are closed and I'm currently long but I'm already in profit and secured.
Just digging in the trenches like everyone else!
  • #93,390
  • Oct 23, 2008 9:42am Oct 23, 2008 9:42am
Quoting eohater
Good question. I don't know. My shorts are closed and I'm currently long but I'm already in profit and secured.
We need the current 15m candle to close above the 10ema and then the next to make it through the 21 ema.
Just digging in the trenches like everyone else!
  • #93,391
  • Oct 23, 2008 9:48am Oct 23, 2008 9:48am
Quoting eohater
We need the current 15m candle to close above the 10ema and then the next to make it through the 21 ema.
Ok the last candle closed through both MA's Now she will probably pullback to the 10ema and close above the 10ema Could be a nice entry long if she does on the following candle. Becareful. This is against the overall trend of down. As everyone know I'm not afraid to go long or short anytime. I just need her to tell me what to do.
Just digging in the trenches like everyone else!
  • #93,392
  • Oct 23, 2008 9:49am Oct 23, 2008 9:49am
heya guys

made 0 trades today
been busy all the day long
When life gives you lemons, make lemonade
  • #93,393
  • Oct 23, 2008 9:55am Oct 23, 2008 9:55am
Man i still have a lot to learn. Just watching pips go by.
  • #93,394
  • Oct 23, 2008 9:56am Oct 23, 2008 9:56am
Quoting eohater
Ok the last candle closed through both MA's Now she will probably pullback to the 10ema and close above the 10ema Could be a nice entry long if she does on the following candle. Becareful. This is against the overall trend of down. As everyone know I'm not afraid to go long or short anytime. I just need her to tell me what to do.
I just closed out 3 of my positions and have 3 more still open at +10 secured profit. I don't think she really has the steam to run north but I'm secured either way. My profit was taken when she hit the 35sma on the 15m. I love this shit!
Just digging in the trenches like everyone else!
  • #93,395
  • Oct 23, 2008 9:57am Oct 23, 2008 9:57am
Quoting sblank
Man i still have a lot to learn. Just watching pips go by.
we're all the same
When life gives you lemons, make lemonade
  • #93,396
  • Oct 23, 2008 10:00am Oct 23, 2008 10:00am
Bounce back down at top of the channel?
Attached Image
  • #93,397
  • Oct 23, 2008 10:00am Oct 23, 2008 10:00am
ah crap wrong chart sorry
  • #93,398
  • Oct 23, 2008 10:01am Oct 23, 2008 10:01am
Quoting eohater
I just closed out 3 of my positions and have 3 more still open at +10 secured profit. I don't think she really has the steam to run north but I'm secured either way. My profit was taken when she hit the 35sma on the 15m. I love this shit!
Just closed my other 3 long positions. I would love to see her go back up to the 35sma on the 15m for another short. She can't make it over the 1h 10ema either.
Just digging in the trenches like everyone else!
  • #93,399
  • Oct 23, 2008 10:01am Oct 23, 2008 10:01am
a retrace or just the bears taking a run-up? what do we think. My bias is still got to be on further down movement before the end of the week.
  • #93,400
  • Oct 23, 2008 10:05am Oct 23, 2008 10:05am
Quoting eohater
Just closed my other 3 long positions. I would love to see her go back up to the 35sma on the 15m for another short. She can't make it over the 1h 10ema either.
Damnit! I should have closed out all the positions and went short right away. I'm still working on this technique. I've missed some major pips on the bounce!
Just digging in the trenches like everyone else!
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