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Cable Update (GBPUSD)

  • #99,221
  • Nov 18, 2008 10:28am Nov 18, 2008 10:28am
Quoting nAVIN2007
still in thre range buddy..be carefull
I was only refering to the range this morning during the US Session. You are correct in it still being in a larger time frame range, but I'm short from the head and my SL is green, so I'm not too worried at the moment.
Just digging in the trenches like everyone else!
  • #99,222
  • Nov 18, 2008 10:29am Nov 18, 2008 10:29am
Quoting AmeriTrini
I still believe its seeking out a lower high.
I think she's already had her lower high, now it's time for a lower low.
Just digging in the trenches like everyone else!
  • #99,223
  • Nov 18, 2008 10:32am Nov 18, 2008 10:32am
If we get a close below the 62ema and the 50sma on the 1h chart, she will probably go back and test the bottom of the 62ema and fall more. I will be adding to my shorts if that is the case.

Happy trading everyone. I've some office work to take care of, but I'm still here.
Just digging in the trenches like everyone else!
  • #99,224
  • Nov 18, 2008 10:33am Nov 18, 2008 10:33am
Quoting eohater
I was only refering to the range this morning during the US Session. You are correct in it still being in a larger time frame range, but I'm short from the head and my SL is green, so I'm not too worried at the moment.

good job man ..
just as i try and predict it breaks out...lol
  • #99,225
  • Nov 18, 2008 10:33am Nov 18, 2008 10:33am
Quoting eohater
If we get a close below the 62ema and the 50sma on the 1h chart, she will probably go back and test the bottom of the 62ema and fall more. I will be adding to my shorts if that is the case.

Happy trading everyone. I've some office work to take care of, but I'm still here.

good trading there buddy, nice work
Trading is 80% Emotional, 20% Technical
  • #99,226
  • Nov 18, 2008 10:34am Nov 18, 2008 10:34am
Quoting nAVIN2007
good job man ..
just as i try and predict it breaks out...lol
Don't try and predict bro, just read your charts. Watch for the test of the 1h 62ema for a possible short entry. Your candles will tell you! I don't recommend jumping in a short at this price level and time of day, but I would on pullbacks.
Just digging in the trenches like everyone else!
  • #99,227
  • Nov 18, 2008 10:35am Nov 18, 2008 10:35am
Quoting fx local
good trading there buddy, nice work
Thank you bro!
Just digging in the trenches like everyone else!
  • #99,228
  • Nov 18, 2008 10:44am Nov 18, 2008 10:44am
Quoting eohater
Don't try and predict bro, just read your charts. Watch for the test of the 1h 62ema for a possible short entry. Your candles will tell you! I don't recommend jumping in a short at this price level and time of day, but I would on pullbacks.
You mean at about 1.5036 ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #99,229
  • Nov 18, 2008 10:48am Nov 18, 2008 10:48am
Quoting manize
You mean at about 1.5036 ?
The 1h 62ema is lying around the price of 1.496x. If she should go back and test this price level, I will add to my open shorts. I haven't stacked an order for a while, but this could be a good one to stack.
Just digging in the trenches like everyone else!
  • #99,230
  • Nov 18, 2008 10:48am Nov 18, 2008 10:48am
eo see my posts above targets 71 and 20... you're a lucky bastard
When life gives you lemons, make lemonade
  • #99,231
  • Nov 18, 2008 10:51am Nov 18, 2008 10:51am
Quoting micho
eo see my posts above targets 71 and 20... you're a lucky bastard
I can't believe you closed your short! You said you were not going to close it. Don't worry, there's plenty to be had.
Just digging in the trenches like everyone else!
  • #99,232
  • Nov 18, 2008 10:53am Nov 18, 2008 10:53am
Quoting eohater
The 1h 62ema is lying around the price of 1.496x. If she should go back and test this price level, I will add to my open shorts. I haven't stacked an order for a while, but this could be a good one to stack.
OK I see, thank you eo, congratz for huge green pips !`
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #99,233
  • Nov 18, 2008 10:53am Nov 18, 2008 10:53am
Oh for goodness sakes. I disappear for a little while and someone's pulled the bathplug out again. Was it Motor mouth Paulson again. He probably places his trades before he opens his trap. Fek! Fek!
Ride the Bulls bearback!
  • #99,234
  • Nov 18, 2008 10:55am Nov 18, 2008 10:55am
Quoting manize
OK I see, thank you eo, congratz for huge green pips !`

Thank you!
Just digging in the trenches like everyone else!
  • #99,235
  • Nov 18, 2008 10:56am Nov 18, 2008 10:56am
Quoting eohater
The 1h 62ema is lying around the price of 1.496x. If she should go back and test this price level, I will add to my open shorts. I haven't stacked an order for a while, but this could be a good one to stack.
How would you determine your TPs and SLs in this case?
  • #99,236
  • Nov 18, 2008 10:58am Nov 18, 2008 10:58am
Quoting eohater
I can't believe you closed your short! You said you were not going to close it. Don't worry, there's plenty to be had.


I am still thinking this thing is building long. Also be careful adding anything right before trichet speaks in half an hour. Things could get choppy again.

Anyways i still see this thing going up. I know im crazy but that is how i see it.
  • #99,237
  • Nov 18, 2008 10:59am Nov 18, 2008 10:59am
Quoting CitiTrade
How would you determine your TPs and SLs in this case?
If I went short off the 1h 62ema price, I would have my SL set around 1.50 area and TP would be determined by the charts. I'm targeting 1.45 area with my current shorts, but I might close out before then if she tells me to get off her back.
Just digging in the trenches like everyone else!
  • #99,238
  • Nov 18, 2008 11:01am Nov 18, 2008 11:01am
Quoting steelhead
I am still thinking this thing is building long. Also be careful adding anything right before trichet speaks in half an hour. Things could get choppy again.

Anyways i still see this thing going up. I know im crazy but that is how i see it.
You are crazy but that's ok. You see what you see and she could very well shoot out the sky. I'm seeing shampoo on the 1h and she's broken the right shoulder. I only see her going up and testing the right shoulder and falling more.

BTW: Trichet spoke half an hour ago
Just digging in the trenches like everyone else!
  • #99,239
  • Nov 18, 2008 11:05am Nov 18, 2008 11:05am
Quoting eohater
You are crazy but that's ok. You see what you see and she could very well shoot out the sky. I'm seeing shampoo on the 1h and she's broken the right shoulder. I only see her going up and testing the right shoulder and falling more.
This makes total sense, for the 62ema level is really the 38.2 fibo ret. level
  • #99,240
  • Nov 18, 2008 11:11am Nov 18, 2008 11:11am
the only thing i see stopping this is 14557, and dont think that will hold out either
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