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Cable Update (GBPUSD)

  • #96,641
  • Nov 10, 2008 6:03am Nov 10, 2008 6:03am
Quoting Kyen
I've been watching the formation of that reverse H&S for quite some time as well... a break above 7000 , im talking about like 7050 would be a confirmation to long - a long to be held till 7750
well i dont like to hold long positions because my account is so small and i withdraw profit every 2 weeks...
When life gives you lemons, make lemonade
  • #96,642
  • Nov 10, 2008 6:16am Nov 10, 2008 6:16am
Quoting hipcio
according to me I do not see the possibility for the up movement now I can see the triangle and the down trend
hi hipcio,
How you doing buddy? I think micho and kyen are talking about AUD/USD. Are you still in your short?
please DON'T copy my trades I am still learning
  • #96,643
  • Nov 10, 2008 6:16am Nov 10, 2008 6:16am
the market is very dangerous now... +26 +26 -12
When life gives you lemons, make lemonade
  • #96,644
  • Nov 10, 2008 6:18am Nov 10, 2008 6:18am
cable is holding by because of the trend line at 1.5820~~ as resistance and the 38% fibs around 1.5780~90 as support.... any break would be a large move...

just my opinion
When life gives you lemons, make lemonade
  • #96,645
  • Nov 10, 2008 6:19am Nov 10, 2008 6:19am
Quoting micho
well i dont like to hold long positions because my account is so small and i withdraw profit every 2 weeks...
I know precisely what you mean. Actually, I have over 20 withdrawal forms on my table - all of them filled out, call it a psychological technique I withdraw every once a week considering my target has been met - there are situations though, such as shorting GY last week on a clear trend resistance which screams for a longer term trade. Not difficult to pull off even with a small account, just cut your lot size accordingly for a larger stop sustainment and ride it down.

I'm looking at a long AUDUSD possibility. Additionally went short USDJPY at 99.30 and will be looking to hold that till it hits 95 for re-assessment. Aside from these 2 , I'm still swinging in and out of trades
  • #96,646
  • Nov 10, 2008 6:20am Nov 10, 2008 6:20am
Quoting jckm
gbp/usd - waiting big move this week - up
I am thinking about this post

Yes, I still have it 600 pps now
Jesus Christ is my only Lord !
  • #96,647
  • Nov 10, 2008 6:24am Nov 10, 2008 6:24am
Quoting hipcio
I am thinking about this post

Yes, I still have it 600 pps now
oh ok, I'm sitting on the fence right now watching and waiting for New York to open.

Nice one on your short
please DON'T copy my trades I am still learning
  • #96,648
  • Nov 10, 2008 6:28am Nov 10, 2008 6:28am

Holding my position,
Long at 1.5815

(newbie like me, duuuuh)

Learning, is a never ending processs...
  • #96,649
  • Nov 10, 2008 6:28am Nov 10, 2008 6:28am
Quoting ezmystic
oh ok, I'm sitting on the fence right now watching and waiting for New York to open.

Nice one on your short
Good trading to You !
I have to go out for an hour
Jesus Christ is my only Lord !
  • #96,650
  • Nov 10, 2008 6:30am Nov 10, 2008 6:30am
Quoting Kyen
I know precisely what you mean. Actually, I have over 20 withdrawal forms on my table - all of them filled out, call it a psychological technique I withdraw every once a week considering my target has been met - there are situations though, such as shorting GY last week on a clear trend resistance which screams for a longer term trade. Not difficult to pull off even with a small account, just cut your lot size accordingly for a larger stop sustainment and ride it down.

I'm looking at a long AUDUSD possibility. Additionally went short USDJPY at 99.30 and will be looking to hold that till it hits 95 for re-assessment. Aside from these 2 , I'm still swinging in and out of trades
be aware of the USDJPY

but with the AUDUSD its a better trade
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When life gives you lemons, make lemonade
  • #96,651
  • Nov 10, 2008 6:35am Nov 10, 2008 6:35am
Quoting micho
be aware of the USDJPY

but with the AUDUSD its a better trade
Great spot. I have my stop set at 100.3 ATM and will be adjusting it accordingly. Still looking at the longer TF for this trade - see the chart. I'm going to be keeping an eye on AUDUSD and will make a decision during NY session as to how to go forward with it.
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  • #96,652
  • Nov 10, 2008 7:07am Nov 10, 2008 7:07am
Quoting micho
be aware of the USDJPY

but with the AUDUSD its a better trade
What is this ?
Am i in the wrong thread ?
  • #96,653
  • Nov 10, 2008 7:12am Nov 10, 2008 7:12am
Quoting gagakrimba
What is this ?
Am i in the wrong thread ?
oh yes baby this is good question?

I ma long from 5780 for now.I need 5820 break on 1hr and close for more up.5860 next resistance and strong one.If not and break 15 gann on down then 5660 test maybe(4 hr gann).Now on 1 hr we are in cloud and price likes that place.So get the FU.K out of that ichimoku cloud.

In 1 hr ECB speaks so i think no big moves untill he said anything.He might move euro down and cable as well.Will see

See ya
  • #96,654
  • Nov 10, 2008 7:27am Nov 10, 2008 7:27am
SL hit.made 1 pip.Parabolic and adx are bearish on 15.Shorting to 5750 wheare might be bounce.Pending buy theare as well.If break 5750 i have short from 5780 area.if this 15 close below gann then down .I hope we are not in range then this gann is no good tool.

see ya
  • #96,655
  • Nov 10, 2008 7:34am Nov 10, 2008 7:34am
Anyone trading?Nobody writing anything?Come on gus this is US session!!!

Ohh why do i try??!!!
  • #96,656
  • Nov 10, 2008 7:38am Nov 10, 2008 7:38am
Quoting "expert"
Anyone trading?Nobody writing anything?Come on gus this is US session!!!

Ohh why do i try??!!!
I'm here mate, nothing much has changed for me though - still short. And cable has barely moved in the last 3 hours, so there hasn't been much to say really. At this point I think it is just as likely to break up as it is down.
  • #96,657
  • Nov 10, 2008 7:40am Nov 10, 2008 7:40am
Need a bit of movement to trade on... it's comin'
Ride the Bulls bearback!
  • #96,658
  • Nov 10, 2008 7:41am Nov 10, 2008 7:41am
Quoting alcando
Need a bit of movement to trade on... it's comin'
yeah, it feels like it is building up to a big movement. I pray that it is south!
  • #96,659
  • Nov 10, 2008 7:43am Nov 10, 2008 7:43am
We got a bullish flag on 5m looking for a breakout north..
  • #96,660
  • Nov 10, 2008 7:43am Nov 10, 2008 7:43am
there's a lot of event risk for cable this week, with trades balance, earnings and employment info being released. I guess trichet's speech in an hour might stir things up a little
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