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Cable Update (GBPUSD)

  • #98,741
  • Edited 8:36am Nov 17, 2008 8:32am | Edited 8:36am
Quoting PipLand
5262 ish area also being the previous double bottom so should be stronger IMHO
of course its strong... but will we reach there? thats the question
if we penetrate 5262 it means the 4h trend is broken
When life gives you lemons, make lemonade
  • #98,742
  • Nov 17, 2008 8:39am Nov 17, 2008 8:39am
Quoting micho
of course its strong... but will we reach there? thats the question
if we penetrate 5262 it means the 4h trend is broken
That is the million dollar question for sure. My 4h trendline has until 4am GMT time before 5262 hits it?
  • #98,743
  • Nov 17, 2008 8:46am Nov 17, 2008 8:46am
Quoting micho
of course its strong... but will we reach there? thats the question
if we penetrate 5262 it means the 4h trend is broken
I doubt it can reach there....not today at least.
Can't even penetrate 1.5053.
  • #98,744
  • Nov 17, 2008 8:46am Nov 17, 2008 8:46am
Quoting PipLand
That is the million dollar question for sure. My 4h trendline has until 4am GMT time before 5262 hits it?


if this 15m candle closes bearish i will set a sell order at 1.5014
When life gives you lemons, make lemonade
  • #98,745
  • Nov 17, 2008 9:02am Nov 17, 2008 9:02am
it has to touch 1.5053 now before any chance of going down
When life gives you lemons, make lemonade
  • #98,746
  • Nov 17, 2008 9:07am Nov 17, 2008 9:07am
so now first target hit what next?
When life gives you lemons, make lemonade
  • #98,747
  • Nov 17, 2008 9:07am Nov 17, 2008 9:07am
Quoting micho
it has to touch 1.5053 now before any chance of going down
it touched already,where shall we go now?
  • #98,748
  • Nov 17, 2008 9:08am Nov 17, 2008 9:08am
Short at 5055 and I'm headed for the shower.
Just digging in the trenches like everyone else!
  • #98,749
  • Nov 17, 2008 9:09am Nov 17, 2008 9:09am
Quoting micho
so now first target hit what next?
If 507x area is taken out... 52xx area is coming...
Patience + Discipline - Greed = Success
  • #98,750
  • Nov 17, 2008 9:09am Nov 17, 2008 9:09am
Quoting eohater
Short at 5055 and I'm headed for the shower.

  • #98,751
  • Nov 17, 2008 9:13am Nov 17, 2008 9:13am
Quoting micho
so now first target hit what next?
I must wait for 1hr and then i will do an entry, Now baby is still flying strong at this moment. This is my thinking and pls dont follow me.
GELORE
  • #98,752
  • Nov 17, 2008 9:19am Nov 17, 2008 9:19am
Man, does anyone here have GFT as their broker?


Their system has been down for over an hour, this is unbelievable.

Apparently they are having 'routing issues' on the main server.


What happens with people who opened orders as the server died? I didnt thank God, but theres gonna be a lot of pissed off people.
  • #98,753
  • Nov 17, 2008 9:19am Nov 17, 2008 9:19am
I am short @ 15040. All my short term indices point down. Slide baby slide.
Ride the Bulls bearback!
  • #98,754
  • Nov 17, 2008 9:19am Nov 17, 2008 9:19am
Yeah, I'm lucky I had time to put stops in. What a pain!!!!!!
There's always money in the banana stand.
  • #98,755
  • Nov 17, 2008 9:21am Nov 17, 2008 9:21am
Quoting alcando
I am short @ 15040. All my short term indices point down. Slide baby slide.

I'm in about same area, where are you looking for TP?
  • #98,756
  • Nov 17, 2008 9:22am Nov 17, 2008 9:22am
I succombed to peer pressure from micho and reversed at 5049 as price action was like it touched a hot coal!
  • #98,757
  • Nov 17, 2008 9:30am Nov 17, 2008 9:30am
Quoting "expert"
i have new target.5045.hope will come to it and break 5010-20 area.
Hi all .I am back.Good to see 5045 touched.Now new target for me.Indis are still bullish so 5090 area andf maybe even 4 hr bolinger 5140 area.But will see.Now i have 2 lots for long.If i see good sign for long from heare will add 1 more.I have 4990 area as resistance for now on 15.

See ya later
  • #98,758
  • Nov 17, 2008 9:31am Nov 17, 2008 9:31am
15 MACd is going lower and lower ,price aint.So soon this could go down.but first i think new twst of 5045 pivot line
  • #98,759
  • Nov 17, 2008 9:33am Nov 17, 2008 9:33am
:nerd:
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Patience + Discipline - Greed = Success
  • #98,760
  • Nov 17, 2008 9:52am Nov 17, 2008 9:52am
Quoting AmeriTrini
I know, it's perplexing as to why I went short. We'll see how it works out, I'm setting with my SL at +2 now and waiting to see. I would expect a test of the 1h 62ema price level.
Just digging in the trenches like everyone else!
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