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Cable Update (GBPUSD)

  • #95,621
  • Nov 5, 2008 2:02am Nov 5, 2008 2:02am
Hello friends,

Here's my view with the 4h graphic,

we're near a resistence trendline, I think bearish movement will continue.

Happy gains.

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 200 KB
  • #95,622
  • Nov 5, 2008 2:04am Nov 5, 2008 2:04am
Quoting alcando
What is your view on the movement today. Seems to be pointing back to the downtrend again... but I played yesterday so badly constantly looking for shorts that I am considering staying out of this today...
yeah i agree with the shorts, so technically no long unless with tight stop loss
you see long pins on the hourly but the 4h is kinda solid... so probably have a small short on a retracement... today we might range, but we had a nice entry in the morning when the news of obama was declared... i have a small problem here, i cant look at the shorts alot because im in the office and colleagues around me... look to sell rallies when you get clear signals
When life gives you lemons, make lemonade
  • #95,623
  • Nov 5, 2008 2:09am Nov 5, 2008 2:09am
Quoting eohater
I'm doing better. My back is still sore, but not sore enough to waste my good hard moonshine on. I'll drink some of it before I rub it on my back. Never heard of that one before. I'm not short anymore. My short from 1.6073 was closed out for +2 and I took another short higher at 1.6080 and closed out at 1.60. I'm just grabbing what I can. I'm limited on computer time because of the back issue. It helps if I keep moving around.

I'll let you know when I'm back in a trade.
How are you buddy?? I hope u r fine..use pda if u want..to

Sonic
  • #95,624
  • Nov 5, 2008 2:14am Nov 5, 2008 2:14am
http://www.caglecartoons.com/images/...1a5e8f4%7D.gif
Just Trade It
  • #95,625
  • Nov 5, 2008 2:53am Nov 5, 2008 2:53am
morning all.Nice chit chat.Are we up or down today?We are at DP.Good place for trades.
  • #95,626
  • Nov 5, 2008 2:54am Nov 5, 2008 2:54am
Yes, I certainly think this is going to be a ranging day, certainly until the US market opens and finds it's feet. Yesterday seemed to be driven by an optomistic rally but it remains to be seen if that continues today. Also with the interest rate cut due 2moro, will we see more/late selloff?
Ride the Bulls bearback!
  • #95,627
  • Nov 5, 2008 3:01am Nov 5, 2008 3:01am
will the pound drop if there is a interest rate drop tomorrow?
mama
  • #95,628
  • Nov 5, 2008 3:02am Nov 5, 2008 3:02am
And maybe because we all think it will make rates cut tommorow they start to seel today?Why wait tommorow?
  • #95,629
  • Nov 5, 2008 3:06am Nov 5, 2008 3:06am
Quoting Tiger Hunter
hi traders


only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .
they call this trick (news).

so trade well guys and have fun.
Thank for your sharing, but could you pls explain why 80% loss whle they have same opinions wth the crowd and go the right way? Or you mean all people post here just cheating ?
Give me patience
  • #95,630
  • Nov 5, 2008 3:09am Nov 5, 2008 3:09am
my current strategy stand aside
When life gives you lemons, make lemonade
  • #95,631
  • Nov 5, 2008 3:15am Nov 5, 2008 3:15am
Normally by the time the rates drop it has been priced in. It will depend on how much of a surprise quantity the drop is going to be. At the moment the forecast is a likely 0.5% drop which seems to be encouraging many to offload their carry trades. Many however are predicting a 1% drop The irony is that a large drop would stimulate the economy leading to less GBP gloom and a much improved equities market. We could then find the bottom of this downtrend will have been reached.

Just an opinion guys...
Ride the Bulls bearback!
  • #95,632
  • Nov 5, 2008 3:20am Nov 5, 2008 3:20am
I am going to stand aside too. It's like Chinese new year with this dangerous Dragon's tail.
Ride the Bulls bearback!
  • #95,633
  • Nov 5, 2008 3:25am Nov 5, 2008 3:25am
1hr and 4 hr gann at 5938.Short from 5937. to DP area.On 1 hr and 4 hr parabolic is below so this means up and breaking that ganns on 1 and 4 hr.On 15 min break of gann on up but we need retrace then up again and testing 1 and 4 hr ganns(T3 lines).That is my plan for today for now.


Ok been busy.Price didn't stop at DP, so I oppened another short.Now will see will it break 15 T3 line on down and if that happens then more down today i think because we are are below 1 and 4 hr gann.Maybe they start to sell today?

I hope because we i am short for now
  • #95,634
  • Nov 5, 2008 3:30am Nov 5, 2008 3:30am
Quoting \"expert\"
1hr and 4 hr gann at 5938.Short from 5937. to DP area.On 1 hr and 4 hr parabolic is below so this means up and breaking that ganns on 1 and 4 hr.On 15 min break of gann on up but we need retrace then up again and testing 1 and 4 hr ganns(T3 lines).That is my plan for today for now.


Ok been busy.Price didn't stop at DP, so I oppened another short.Now will see will it break 15 T3 line on down and if that happens then more down today i think because we are are below 1 and 4 hr gann.Maybe they start to sell today?

I hope because we i am short for now
Can you post chart please it's easier to see what you mean in chart
please DON'T copy my trades I am still learning
  • #95,635
  • Nov 5, 2008 3:50am Nov 5, 2008 3:50am
If anything goes write yelow 61 fib final targetmaybe today.If we break 61 fib again to down then BUY buywll see later.Oivots are imortant as well.will see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 1 hr.gif Size: 30 KB
Click to Enlarge Name: cable 4 hr.gif Size: 24 KB
Click to Enlarge Name: cable 15m.gif Size: 29 KB
Click to Enlarge Name: cable 15m-fib.gif Size: 20 KB
  • #95,636
  • Nov 5, 2008 4:03am Nov 5, 2008 4:03am
GBR. Channel 1,5269 - 1,6730. Wait the touch of scopes.
  • #95,637
  • Nov 5, 2008 4:03am Nov 5, 2008 4:03am
If we get nice bounce from 5840 area and then i think this is going more down.I opened 1 long just in case of this retrace or range
  • #95,638
  • Nov 5, 2008 4:19am Nov 5, 2008 4:19am
When MACd is pozitive and momentum are below 0 and rsi below 50 that means in my system possible retrace.Look left red line position and condition of indicators and what happens with price later.Look right then.Same thing so i expect same price move.

And Obama wins, so now we can all go back to our daly trades with expect of GBP rate cut tommorow.

This is my Thinking.SL is at BE+1 in case of some spikes and range.I was stupid to close first short from 5838 but let play now.Hope i will get 4 hr bolinger or 78 fib.If i see possible bounce from 50 fib i will add new short theare.see ya
Attached Image (click to enlarge)
Click to Enlarge Name: cable 4hr-jpg.JPG Size: 78 KB
  • #95,639
  • Nov 5, 2008 4:28am Nov 5, 2008 4:28am
Quoting \"expert\"
When MACd is pozitive and momentum are below 0 and rsi below 50 that means in my system possible retrace.Look left red line position and condition of indicators and what happens with price later.Look right then.Same thing so i expect same price move.

And Obama wins, so now we can all go back to our daly trades with expect of GBP rate cut tommorow.

This is my Thinking.SL is at BE+1 in case of some spikes and range.I was stupid to close first short from 5838 but let play now.Hope i will get 4 hr bolinger or 78 fib.If i see possible bounce from 50 fib i will add new short theare.see ya
maybe she's ranging for now
please DON'T copy my trades I am still learning
  • #95,640
  • Nov 5, 2008 4:34am Nov 5, 2008 4:34am
Quoting ezmystic
maybe she's ranging for now
O she is in range for sure.Only i will try to make good positions for shorts.Because o this last 4 hr chart i expect that hinaly she goes down.I will sell highs.Today that is plan for now.And make when possible SL at BE and wait.

If we get close over 4 hr blue line well time to find low place for long position
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