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Cable Update (GBPUSD)

  • #100,621
  • Nov 24, 2008 8:31am Nov 24, 2008 8:31am
no im not short man
i got some pips with a long today now i wait
When life gives you lemons, make lemonade
  • #100,622
  • Nov 24, 2008 8:33am Nov 24, 2008 8:33am
Quoting eohater
It gives her a better angle for a harder dive that way!
You know it...
Patience + Discipline - Greed = Success
  • #100,623
  • Nov 24, 2008 8:34am Nov 24, 2008 8:34am
Quoting PowerTrader
I just closed all long positions at 1.5135. The charts are not telling me the run is over but we have ranged about 300 pips so far today and we might be running out of steam, or maybe it is just me running out of steam. My target was 1.5160 so not going to risk too much for an additional 25. Good long on the day. Now I will look to short if there is a sell off at the end of the day or go long again if we have a bounce somewhere around 50ma.

PT
good i agree
When life gives you lemons, make lemonade
  • #100,624
  • Nov 24, 2008 8:37am Nov 24, 2008 8:37am
come on cable u cant break all the levels in one day go down like a good boy to kick ur ass back up
When life gives you lemons, make lemonade
  • #100,625
  • Nov 24, 2008 8:37am Nov 24, 2008 8:37am
Quoting micho
good i agree
There might be a little more upward movement on this Obama news conference but I am beat. We need a bit of a drop now so we can do something else.
Zone Breakout Method
  • #100,626
  • Nov 24, 2008 8:39am Nov 24, 2008 8:39am
It never fails. I bailed on my target of 5160 and we get it plus on the very next candle. Always!
Zone Breakout Method
  • #100,627
  • Nov 24, 2008 8:39am Nov 24, 2008 8:39am
Is there anyone else holding longs?
  • #100,628
  • Nov 24, 2008 8:40am Nov 24, 2008 8:40am
Let's see what happens now...
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Patience + Discipline - Greed = Success
  • #100,629
  • Nov 24, 2008 8:45am Nov 24, 2008 8:45am
all targets down now we plunge come on
When life gives you lemons, make lemonade
  • #100,630
  • Nov 24, 2008 8:46am Nov 24, 2008 8:46am
i see reversal @ 1.5175 so i short @ 1.5170
  • #100,631
  • Nov 24, 2008 8:52am Nov 24, 2008 8:52am
Quoting Infinity
Let's see what happens now...
I closed my long there from 5090 at 5170......think it might retest it again before deciding

If it holds the 2nd time I will join you guys short...if not then I am long again!

  • #100,632
  • Nov 24, 2008 8:54am Nov 24, 2008 8:54am
next target, first 71 then 1.5183
When life gives you lemons, make lemonade
  • #100,633
  • Nov 24, 2008 8:55am Nov 24, 2008 8:55am
Quoting AmeriTrini
Is there anyone else holding longs?
good work on the long ....usdx looks like its heading down for a fair while so i thinking yur long is in great shape...
  • #100,634
  • Edited 9:06am Nov 24, 2008 8:56am | Edited 9:06am
euro and cable correlating nicely with the DOW

I have made a billion trillion on the DOW in the last hour of Friday and today so far but we know this ain't over yet and the DOW will see profit takers moving in

I go for high volatility (but safe) stocks, so I am seeing 20% increases

That is too tempting for profit takers so the DOW-EURO-CABLE will fall back later today or within a day or two in my humble opinion

Techies will try and fit that to cable moving according to its own technicals, but that is a problem I have with technicals- it treats markets as existing in a vacuum and not influenced by other markets which may have totally different technicals
  • #100,635
  • Nov 24, 2008 8:57am Nov 24, 2008 8:57am
Quoting nAVIN2007
good work on the long ....usdx looks like its heading down for a fair while so i thinking yur long is in great shape...

thanks Nav, you holding any positions?
  • #100,636
  • Nov 24, 2008 8:57am Nov 24, 2008 8:57am
Quoting Shilva
I closed my long there from 5090 at 5170......think it might retest it again before deciding

If it holds the 2nd time I will join you guys short...if not then I am long again!

I am now out of my positions. I had a net short of 5130 after adding positions at 5133 and 5166... I closed at 5115... I am now on the sides..
Patience + Discipline - Greed = Success
  • #100,637
  • Nov 24, 2008 8:58am Nov 24, 2008 8:58am
Quoting AmeriTrini
thanks Nav, you holding any positions?
just back from work bro myself ....missed the action
  • #100,638
  • Nov 24, 2008 8:58am Nov 24, 2008 8:58am
Ah crumbs, cmon the bears!!
  • #100,639
  • Nov 24, 2008 9:00am Nov 24, 2008 9:00am
i dunno where this long is going but i think we have the bottom...usdx is falling like a rock...
  • #100,640
  • Nov 24, 2008 9:04am Nov 24, 2008 9:04am
Quoting allserene
euro and cable correlating nicely with the DOW

I have made a billion trillion on the DOW in the last hour of Friday and today so far but we know this ain't over yet and the DOW will see profit takers moving in

I go for high volatility (but safe) stocks, so I am seeing 20% increases

That is too tempting for profit takers so the DOW-EURO-CABLE will fall back later today or within a day or two in my humble opinion

Techies will try and fit that to cable moving according to its own technicals, but that is a problem I have with technicals- it...
quite right sir..this can't go on. I've made a squillion on Gold in the past two days also.
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