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Cable Update (GBPUSD)

  • #95,801
  • Nov 5, 2008 1:00pm Nov 5, 2008 1:00pm

tough support at 159. Everything else is plummeting so it should follow

  • #95,802
  • Nov 5, 2008 1:01pm Nov 5, 2008 1:01pm
Quoting eohater
I was wanting the 1h to close below the 50sma. The 4h is looking like it will close below the 5sma and 10sma which is nice. The Dow is getting it's teeth kicked in here at the end of the day. We'll see where she ends up.
Damnit! She almost got below the 1h 50sma. If we should go back to the 1h 62ema and she holds, I'll add 6 more to my shorts.
Just digging in the trenches like everyone else!
  • #95,803
  • Nov 5, 2008 1:04pm Nov 5, 2008 1:04pm
Quoting ezodisy

tough support at 159. Everything else is plummeting so it should follow

Agree, 1.59 is being a pain in the ass! Let her build some value and then let's see if she can push through it!
Just digging in the trenches like everyone else!
  • #95,804
  • Nov 5, 2008 1:05pm Nov 5, 2008 1:05pm
Still confused as the DOW got its ass kicked today but the dollar holds its strength and Oil not that much of a factor??? I hate not knowing!!!
Thoughts for a New Kid on the Block!
  • #95,805
  • Nov 5, 2008 1:06pm Nov 5, 2008 1:06pm
Quoting ezodisy

tough support at 159. Everything else is plummeting so it should follow

Yeah....I think it's gonna sink further in the Asian session 2 hrs from now
  • #95,806
  • Nov 5, 2008 1:09pm Nov 5, 2008 1:09pm
Quoting zaqzaq
Still confused as the DOW got its ass kicked today but the dollar holds its strength and Oil not that much of a factor??? I hate not knowing!!!
Thoughts for a New Kid on the Block!
In the economic times were in. Investors move to the $ for security. When the Dow falls, most investors go to the $. As the value of the $ increases, the price of oil decreases. Oil is traded globally in US Dollars. The Dow should not be used as an indicator for entering a trade, but if you look at the past and see when the Dow has fallen the dollar has gained and vice versa when the Dow has risen, the dollar looses strength. Hope this helps!
Just digging in the trenches like everyone else!
  • #95,807
  • Nov 5, 2008 1:13pm Nov 5, 2008 1:13pm
I'm already in a trade, but I would be looking for the 1h 62ema to hold. It's in line with the 15m 35sma and 50sma and the 4h 5sma. These combined should provide a nice entry short.

Good luck everyone! I'm getting up again from the computer to stretch. I'll be back on later during the Asian session for a minute, tonight is guys night out so I'll be on later when I get home (around Noon Tokyo time).
Just digging in the trenches like everyone else!
  • #95,808
  • Nov 5, 2008 1:16pm Nov 5, 2008 1:16pm
Quoting salah k.
hey nav buddy
how r u bro
im good
yeah been busy but now i found some time for trading so that should go good
what do u think of the market

i was shiting a brick to enter b4...now im truelly bricking it! very volatile bro! but when i can reduce my risk i think i will love it! but u realise when i go micro...the market might go dead
  • #95,809
  • Nov 5, 2008 1:20pm Nov 5, 2008 1:20pm
Quoting nAVIN2007
i was shiting a brick to enter b4...now im truelly bricking it! very volatile bro! but when i can reduce my risk i think i will love it! but u realise when i go micro...the market might go dead
She won't go dead bro! You'll be slaying the pips once you get your new account. Just look for your setups and trade them without emotion. Take the fear away and all is good!
Just digging in the trenches like everyone else!
  • #95,810
  • Nov 5, 2008 1:22pm Nov 5, 2008 1:22pm
Quoting eohater
She won't go dead bro! You'll be slaying the pips once you get your new account. Just look for your setups and trade them without emotion. Take the fear away and all is good!
yes thats the plan bro..i really wont care and i will just trade what i see..im looking to nail this market and sell it on ebay....
  • #95,811
  • Nov 5, 2008 1:24pm Nov 5, 2008 1:24pm
Quoting nAVIN2007
yes thats the plan bro..i really wont care and i will just trade what i see..im looking to nail this market and sell it on ebay....
Now that's funny shit!
Just digging in the trenches like everyone else!
  • #95,812
  • Nov 5, 2008 1:34pm Nov 5, 2008 1:34pm
I just added 3 more at 1.5975. My SL is still in the positive. This could be nice! I have 9 open now.
Just digging in the trenches like everyone else!
  • #95,813
  • Nov 5, 2008 1:35pm Nov 5, 2008 1:35pm
Quoting eohater
She won't go dead bro! You'll be slaying the pips once you get your new account. Just look for your setups and trade them without emotion. Take the fear away and all is good!



HOLLA
  • #95,814
  • Nov 5, 2008 1:37pm Nov 5, 2008 1:37pm
Quoting Turtle


HOLLA
Did you jump in with me on that 62ema price?
Just digging in the trenches like everyone else!
  • #95,815
  • Nov 5, 2008 1:39pm Nov 5, 2008 1:39pm
Quoting eohater
Did you jump in with me on that 62ema price?
Nah, I just walked in the door. Waiting for the 5pm rollover and then I'll jump in!

HOLLA
  • #95,816
  • Nov 5, 2008 1:41pm Nov 5, 2008 1:41pm
Quoting Turtle
Nah, I just walked in the door. Waiting for the 5pm rollover and then I'll jump in!

HOLLA
We should get another touch of it!

Did you jump in on it Infinity?
Just digging in the trenches like everyone else!
  • #95,817
  • Nov 5, 2008 1:42pm Nov 5, 2008 1:42pm
Quoting eohater
We should get another touch of it!

Did you jump in on it Infinity?


HOLLA
  • #95,818
  • Nov 5, 2008 1:46pm Nov 5, 2008 1:46pm
Quoting eohater
We should get another touch of it!

Did you jump in on it Infinity?
Yup, I'm in at 5975..
Patience + Discipline - Greed = Success
  • #95,819
  • Nov 5, 2008 1:47pm Nov 5, 2008 1:47pm
Will there be suprises in the Asian session ?
Hahahahahaha.....I hope there will be
  • #95,820
  • Nov 5, 2008 1:49pm Nov 5, 2008 1:49pm
Quoting Infinity
Yup, I'm in at 5975..
That is a good entry.
Already +40 pips
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Waveskierrob