Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#95,801
Nov 5, 2008 3:00pm Nov 5, 2008 3:00pm

ezodisy
| Joined Nov 2008 | Status: Trader | 665 Posts

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

#95,802
Nov 5, 2008 3:01pm Nov 5, 2008 3:01pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting eohater

Disliked

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.

Ignored

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 3:04pm Nov 5, 2008 3:04pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting ezodisy

Disliked

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

Ignored

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 3:05pm Nov 5, 2008 3:05pm

zaqzaq
| Joined Jul 2008 | Status: Trader | 25 Posts

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 3:06pm Nov 5, 2008 3:06pm

gagakrimba
| Membership Revoked | Joined Aug 2008 | 1,097 Posts

Quoting ezodisy

Disliked

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

Ignored

Yeah....I think it's gonna sink further in the Asian session 2 hrs from now

#95,806
Nov 5, 2008 3:09pm Nov 5, 2008 3:09pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting zaqzaq

Disliked

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!

Ignored

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 3:13pm Nov 5, 2008 3:13pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

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 3:16pm Nov 5, 2008 3:16pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting salah k.

Disliked

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

Ignored

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 3:20pm Nov 5, 2008 3:20pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting nAVIN2007

Disliked

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

Ignored

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 3:22pm Nov 5, 2008 3:22pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting eohater

Disliked

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!

Ignored

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 3:24pm Nov 5, 2008 3:24pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting nAVIN2007

Disliked

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....

Ignored

Now that's funny shit!

Just digging in the trenches like everyone else!

#95,812
Nov 5, 2008 3:34pm Nov 5, 2008 3:34pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

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 3:35pm Nov 5, 2008 3:35pm

Turtle
| Joined May 2007 | Status: Trader | 4,716 Posts

Quoting eohater

Disliked

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!

Ignored