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Cable Update (GBPUSD)

  • #98,001
  • Nov 13, 2008 10:19am Nov 13, 2008 10:19am
Quoting eohater
Ok, my soldiers are fighting hard to get us through 4790. We going to push this to 4600 today?
We are right at the 85.4 fib level on the weekly... If we blow through here, we should see 1.45xx sooner rather than later...
Attached Image (click to enlarge)
Click to Enlarge Name: week.gif Size: 35 KB
Patience + Discipline - Greed = Success
  • #98,002
  • Nov 13, 2008 10:20am Nov 13, 2008 10:20am
Quoting moewenger
hello everyone, im still holding my short for cable my price was 1.48xx area. right now cable is being trade at below 1.48(1.4770). my TP is at 1.4600. does anyone agree that cable will make lower than that until 2morrow for recovery??

If you see M15 chart yesterday, at the same time right now, might be another huge fall till the US session closing time ! My last short at 1.4794. I hope no hit locked in + 10 pips because I would like to get +100 pips in one trade ! Ups damn hit again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #98,003
  • Nov 13, 2008 10:21am Nov 13, 2008 10:21am
Quoting Infinity
We are right at the 85.4 fib level on the weekly... If we blow through here, we should see 1.45xx sooner rather than later...
That would be NICE!!!

Thanks for the fib analysis!
Just digging in the trenches like everyone else!
  • #98,004
  • Nov 13, 2008 10:22am Nov 13, 2008 10:22am
Quoting manize
Thank you !
Im trading with 1min chart doing fine to me with 8 entry long and short 20-30pips, and waiting to get 1.4600
GELORE
  • #98,005
  • Nov 13, 2008 10:22am Nov 13, 2008 10:22am
Quoting Infinity
We are right at the 85.4 fib level on the weekly... If we blow through here, we should see 1.45xx sooner rather than later...
seems likely, this analyst from i.bank has the same opinon,

http://www.cnbc.com/id/15840232?video=927329531&play=1
Trading is 80% Emotional, 20% Technical
  • #98,006
  • Nov 13, 2008 10:28am Nov 13, 2008 10:28am
Quoting fx local
seems likely, this analyst from i.bank has the same opinon,

http://www.cnbc.com/id/15840232?video=927329531&play=1
Great video! I think her analysis is spot on!...
Patience + Discipline - Greed = Success
  • #98,007
  • Nov 13, 2008 10:28am Nov 13, 2008 10:28am
Quoting musani
Im trading with 1min chart doing fine to me with 8 entry long and short 20-30pips, and waiting to get 1.4600
Yes, M1 is very effetive to be used ride on the trend both of long and short, but I don't dare go long currently, because the trend still strong down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #98,008
  • Nov 13, 2008 10:29am Nov 13, 2008 10:29am
Quoting manize
If you see M15 chart yesterday, at the same time right now, might be another huge fall till the US session closing time ! My last short at 1.4794. I hope no hit locked in + 10 pips because I would like to get +100 pips in one trade ! Ups damn hit again !
I just hope it will hit my TP 1.4600 before US session close. because since last two days its always recovery for cable from early asian session...
  • #98,009
  • Nov 13, 2008 10:29am Nov 13, 2008 10:29am
I might regret this, but I've closed my shorts out at 4700. She's playing with us. I'm headed to lunch, we'll see where she goes from here. Good luck trading everyone.
Just digging in the trenches like everyone else!
  • #98,010
  • Nov 13, 2008 10:34am Nov 13, 2008 10:34am
Quoting eohater
I might regret this, but I've closed my shorts out at 4700. She's playing with us. I'm headed to lunch, we'll see where she goes from here. Good luck trading everyone.
good choice, we may see a little bounce
  • #98,011
  • Nov 13, 2008 10:34am Nov 13, 2008 10:34am
Quoting eohater
I might regret this, but I've closed my shorts out at 4700. She's playing with us. I'm headed to lunch, we'll see where she goes from here. Good luck trading everyone.
EWW!! didn't know you traded with your shorts open. dude..for real...keep that stuff to yourself.
I'm long at 805 for the record. closing ur shorts was probably a good idea

I'm really surprised we didn't see 51xx last night..
  • #98,012
  • Nov 13, 2008 10:35am Nov 13, 2008 10:35am
Quoting fx local
seems likely, this analyst from i.bank has the same opinon,

http://www.cnbc.com/id/15840232?video=927329531&play=1
That was definately worth the time to listen.

Thank you for sharing.
Just digging in the trenches like everyone else!
  • #98,013
  • Nov 13, 2008 10:37am Nov 13, 2008 10:37am
Quoting manize
Yes, M1 is very effetive to be used ride on the trend both of long and short, but I don't dare go long currently, because the trend still strong down !
Like EO said, i follow what she said and where she ask me to go
GELORE
  • #98,014
  • Nov 13, 2008 10:38am Nov 13, 2008 10:38am
Quoting dakrusha
EWW!! didn't know you traded with your shorts open. dude..for real...keep that stuff to yourself.
I'm long at 805 for the record. closing ur shorts was probably a good idea

I'm really surprised we didn't see 51xx last night..
Dude, you should see how I trade. You've heard of naked trading? Well, that's how I do it! Sometimes if it's drafty, I'll put on some bottoms, but then I eat chili with my fingers to keep me warm. I just let it all hang out!
Just digging in the trenches like everyone else!
  • #98,015
  • Nov 13, 2008 10:40am Nov 13, 2008 10:40am
Quoting eohater
That was definately worth the time to listen.

Thank you for sharing.
no worries my friend

http://www.cnbc.com/id/15840232?video=927155002&play=1

this guy also well worth the listen, he very bearish on sterling also looking for 1.35 and lower if it breaks out further....

im off out anyway, with some resting orders left in place, hope i get filled.....

happy trading
Trading is 80% Emotional, 20% Technical
  • #98,016
  • Nov 13, 2008 10:40am Nov 13, 2008 10:40am
Quoting musani
Like EO said, i follow what she said and where she ask me to go


My day has been good, I've booked 149 pips for the day. I'll see where she's at when I get back from lunch. Like I said when I closed my shorts, I might regret it, but she's just not wanting to give it up to me right now (at least that how she's appearing to me)
Just digging in the trenches like everyone else!
  • #98,017
  • Nov 13, 2008 10:40am Nov 13, 2008 10:40am
Quoting dakrusha
EWW!! didn't know you traded with your shorts open. dude..for real...keep that stuff to yourself.
I'm long at 805 for the record. closing ur shorts was probably a good idea

I'm really surprised we didn't see 51xx last night..
You think there is still hope?

I've been waiting that move all day...
  • #98,018
  • Nov 13, 2008 10:44am Nov 13, 2008 10:44am
Quoting Vourvoul
You think there is still hope?

I've been waiting that move all day...
I cant see this going past 1.4920 if there is a bounce
  • #98,019
  • Nov 13, 2008 10:46am Nov 13, 2008 10:46am
Quoting Vourvoul
You think there is still hope?

I've been waiting that move all day...
It's definately possible. Paulsson speaks today and he's going to make the markets feel good about the Auto Industry and his now willingness to save their ass with the bailout money that was initially meant for the banks. I understand that the US govt cannot let the Auto industry fail because of the # of job losses that would create, but come on. They brought this shit on themselves. Let them fall on their ass, provide some govt. grants/loans to new enterprises with new visions focused on alternative fuels. I wouldn't be surprised to see Ford, GM, Chrysler become one before it's all said and done. In case anyone cares, my parents are both retired from GM. I grew up listening to all the shit in the auto industry from the Unions to the absentee employees that got paid for not even showing up for work.
Just digging in the trenches like everyone else!
  • #98,020
  • Nov 13, 2008 10:47am Nov 13, 2008 10:47am
Quoting steelhead
Um actually that is precisly what you are about, but its all good man today is a new day and im not getting into that.


You werent just asking how the cable was doing you were asking tongue and cheek nice try though.

Im all about the peace today.

congrats to your cad trade.. close it before she gets back on you
When life gives you lemons, make lemonade
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