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Cable Update (GBPUSD)

  • #98,621
  • Nov 17, 2008 3:26am Nov 17, 2008 3:26am
Quoting micho
yes stand by wait for the 15M to close... and then the other 15m to confirm and then if the opening of the next 15m is above 1.4890 go short
Yes, im wating for 1h to confirm first. But 4hr is not yet resdy to go short
GELORE
  • #98,622
  • Nov 17, 2008 3:30am Nov 17, 2008 3:30am
see, better wait then eat your fingers from regret lol
When life gives you lemons, make lemonade
  • #98,623
  • Nov 17, 2008 3:31am Nov 17, 2008 3:31am
OOboy, i had to send my sister to hospital right now. See u guys and have a nice trading. Il be back soon.
GELORE
  • #98,624
  • Nov 17, 2008 3:32am Nov 17, 2008 3:32am
Quoting musani
Yes, im wating for 1h to confirm first. But 4hr is not yet resdy to go short
dont wait for the 4 hour

just wait for the 15m candle to give you a signal and go short... then sl at be and thats it

normally you are selling above the 38% (which is at 1.4900) so stop loss should be pretty high at 1.522x and tp at 1.441x but if you want less profit... just lock in some profit and set stop loss to be
When life gives you lemons, make lemonade
  • #98,625
  • Nov 17, 2008 3:34am Nov 17, 2008 3:34am
I was long since 1.4750. Ended up closing too soon
  • #98,626
  • Nov 17, 2008 3:34am Nov 17, 2008 3:34am
Today Im thinking this could go to 1.5285! before coming back down again
  • #98,627
  • Nov 17, 2008 3:46am Nov 17, 2008 3:46am
Quoting PipLand
Today Im thinking this could go to 1.5285! before coming back down again
i dont think so... you have plenty of resistances on the way
When life gives you lemons, make lemonade
  • #98,628
  • Nov 17, 2008 3:48am Nov 17, 2008 3:48am
im waiting for the next 15m candle to be bear engulfing to go short
When life gives you lemons, make lemonade
  • #98,629
  • Nov 17, 2008 3:51am Nov 17, 2008 3:51am
Q:"Today Im thinking this could go to 1.5285! before coming back down again"


it can, but for the next few hours it can retrace to 1.48 -1.477. Too abrupt upmove on 1h. If the move is smooth it's likely to continue, and when it is abrupt like now it is likely to return to the begining (imho)
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  • #98,630
  • Nov 17, 2008 3:52am Nov 17, 2008 3:52am
Quoting micho
i dont think so... you have plenty of resistances on the way
True, but it has broken above a small down trend. I still think there is a strong posibility that it will head up there if it can get past the 1.4967-1.4980 resistance, theres a nice medium term down trend there at around 1.5270 ish too.
  • #98,631
  • Nov 17, 2008 3:58am Nov 17, 2008 3:58am
Quoting PipLand
True, but it has broken above a small down trend. I still think there is a strong posibility that it will head up there if it can get past the 1.4967-1.4980 resistance, theres a nice medium term down trend there at around 1.5270 ish too.
still major levels above... she didnt do anything yet
When life gives you lemons, make lemonade
  • #98,632
  • Nov 17, 2008 3:59am Nov 17, 2008 3:59am
Short here 1.4927
  • #98,633
  • Nov 17, 2008 3:59am Nov 17, 2008 3:59am
Quoting micho
still major levels above... she didnt do anything yet
Nope nothing yet, im gonna have to sit it out and wait for better signals i think.
  • #98,634
  • Nov 17, 2008 4:01am Nov 17, 2008 4:01am
It was a bit premature but I am short at 14950. Markets are looking uncomfortable again so I hope it lasts...
Ride the Bulls bearback!
  • #98,635
  • Nov 17, 2008 4:08am Nov 17, 2008 4:08am
http://www.geocities.com/therainmakere/nov.jpg
  • #98,636
  • Nov 17, 2008 4:13am Nov 17, 2008 4:13am
agree with those who short. waiting soon for a setup not to miss the downmove.
  • #98,637
  • Nov 17, 2008 4:18am Nov 17, 2008 4:18am
Bugger! She ran up and p'ed on my SL and then ran away. I'll get you girl. Come and visit Mr 1.5 and see what I do to you...
Ride the Bulls bearback!
  • #98,638
  • Nov 17, 2008 4:21am Nov 17, 2008 4:21am
Everyone go short, lets get this baby back down to where she started.
  • #98,639
  • Nov 17, 2008 4:24am Nov 17, 2008 4:24am
When the US banks come online later they will take this as a gift from the God's to go short...
Ride the Bulls bearback!
  • #98,640
  • Nov 17, 2008 4:27am Nov 17, 2008 4:27am
Quoting alcando
Bugger! She ran up and p'ed on my SL and then ran away. I'll get you girl. Come and visit Mr 1.5 and see what I do to you...
The next time she puts down her pants to pee on your stoploss, inlay into her from behind.
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