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Cable Update (GBPUSD)

  • #99,301
  • Nov 18, 2008 3:55pm Nov 18, 2008 3:55pm
Quoting eohater
I would really like to see the 1h close below or at the 1h 62ema price. I'm still short, I added a couple of short soldiers myself at 4975, that makes 9 for me. I don't know how much more I'll be willing to add to her.
Hi, I have read your posts , what do you mean ? if the 1h candle close below ema ,it is going short???? thanks
  • #99,302
  • Nov 18, 2008 3:58pm Nov 18, 2008 3:58pm
Quoting focuson
Hi, I have read your posts , what do you mean ? if the 1h candle close below ema ,it is going short???? thanks
Not necessarily. Remember, the ma's and ema's are nothing more than floating support/resistance. To see it close below the 62ema, it will make me feel better that it's holding as key resistance. She broke it as support today during the US Session, now she's testing it to become resistance.
Just digging in the trenches like everyone else!
  • #99,303
  • Nov 18, 2008 4:00pm Nov 18, 2008 4:00pm
Quoting eohater
Not necessarily. Remember, the ma's and ema's are nothing more than floating support/resistance. To see it close below the 62ema, it will make me feel better that it's holding as key resistance. She broke it as support today during the US Session, now she's testing it to become resistance.
Thanks
  • #99,304
  • Nov 18, 2008 4:00pm Nov 18, 2008 4:00pm
I reckon we will break the 4893 support area and head lower from there, a bounce was no surprise from that area
  • #99,305
  • Nov 18, 2008 4:00pm Nov 18, 2008 4:00pm
Nice!! A risky venture from here tho given how the equities market ended up rallying into the close. I'll set a smaller target at 14920 for now

Quoting eohater
I'm eyeballing the 1.45 area and possible lower. I'm short from a higher price though. My SL is in the green regardless of what happens.
Ride the Bulls bearback!
  • #99,306
  • Nov 18, 2008 4:05pm Nov 18, 2008 4:05pm
Dude, check what she did to your 15m62ema. She flashed and ran... Ok there where other reasons but coincidences are probabilities. I just hope she obeys the law now..

Quoting eohater
Not necessarily. Remember, the ma's and ema's are nothing more than floating support/resistance. To see it close below the 62ema, it will make me feel better that it's holding as key resistance. She broke it as support today during the US Session, now she's testing it to become resistance.
Ride the Bulls bearback!
  • #99,307
  • Nov 18, 2008 4:08pm Nov 18, 2008 4:08pm
Quoting eohater
I would really like to see the 1h close below or at the 1h 62ema price. I'm still short, I added a couple of short soldiers myself at 4975, that makes 9 for me. I don't know how much more I'll be willing to add to her.
I was watching that 1hr close like a hawk.

HOLLA
  • #99,308
  • Nov 18, 2008 4:08pm Nov 18, 2008 4:08pm
Long @ 1.4950.
I want to see this baby break 1.5200 today
  • #99,309
  • Nov 18, 2008 4:09pm Nov 18, 2008 4:09pm
well that was a warm response
  • #99,310
  • Nov 18, 2008 4:11pm Nov 18, 2008 4:11pm
Quoting alcando
Dude, check what she did to your 15m62ema. She flashed and ran... Ok there where other reasons but coincidences are probabilities. I just hope she obeys the law now..
I don't use the 62ema on the 15m chart. I only use the 62ema on the 1h. My 15m chart has others.
Just digging in the trenches like everyone else!
  • #99,311
  • Nov 18, 2008 4:14pm Nov 18, 2008 4:14pm
Quoting Turtle
I was watching that 1hr close like a hawk.

HOLLA
Yeah! It closed just 1 pip shy of it. Notice how the 10sma is coming over the top? Also, look at your 4h chart notice how she's under the 5/10sma and their starting to come together for a cross and downward. I'm not saying this is going down, but I am short with shorts from higher up as well. My SL is in the green, so we'll see how she fairs out from here.
Just digging in the trenches like everyone else!
  • #99,312
  • Nov 18, 2008 4:15pm Nov 18, 2008 4:15pm
Quoting gagakrimba
Long @ 1.4950.
I want to see this baby break 1.5200 today
Good luck with that!
Just digging in the trenches like everyone else!
  • #99,313
  • Nov 18, 2008 4:15pm Nov 18, 2008 4:15pm
Quoting focuson
Thanks
Any one can help me to find that 62 EMA? I see in my indicator , a MA and I change for 62 , it is exponential or simple??????
  • #99,314
  • Nov 18, 2008 4:16pm Nov 18, 2008 4:16pm
Quoting focuson
Any one can help me to find that 62 EMA? I see in my indicator , a MA and I change for 62 , it is exponential or simple??????
E for exponential. No offset or anything else.
Just digging in the trenches like everyone else!
  • #99,315
  • Nov 18, 2008 4:19pm Nov 18, 2008 4:19pm
Quoting eohater
Yeah! It closed just 1 pip shy of it. Notice how the 10sma is coming over the top? Also, look at your 4h chart notice how she's under the 5/10sma and their starting to come together for a cross and downward. I'm not saying this is going down, but I am short with shorts from higher up as well. My SL is in the green, so we'll see how she fairs out from here.
And she is a couple of pips shy of the 5ema on the daily.

Let's see what she does..

HOLLA
  • #99,316
  • Nov 18, 2008 4:32pm Nov 18, 2008 4:32pm
I'm outta here for a while everyone. Family time is about to begin. I'll be back on later tonight.

Trade well everyone!
Just digging in the trenches like everyone else!
  • #99,317
  • Nov 18, 2008 4:36pm Nov 18, 2008 4:36pm
Quoting eohater
I'm outta here for a while everyone. Family time is about to begin. I'll be back on later tonight.

Trade well everyone!
ciaoooooooooooooooooooo
When life gives you lemons, make lemonade
  • #99,318
  • Nov 18, 2008 4:37pm Nov 18, 2008 4:37pm
Quoting gagakrimba
Long @ 1.4950.
I want to see this baby break 1.5200 today
can i ask yur reasoning for going long?
  • #99,319
  • Nov 18, 2008 4:39pm Nov 18, 2008 4:39pm
Quoting nAVIN2007
can i ask yur reasoning for going long?
It closed above my pivot and when that happen usually it'll go to R2 around 1.5200
  • #99,320
  • Nov 18, 2008 4:40pm Nov 18, 2008 4:40pm
Quoting nAVIN2007
can i ask yur reasoning for going long?
That's a good question Nav..

I see good reasons for short... check out this h4....
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 24 KB
Patience + Discipline - Greed = Success
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