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Cable Update (GBPUSD)

  • #100,741
  • Nov 24, 2008 4:20pm Nov 24, 2008 4:20pm
Out of interest, anyone looking to short at this level?
I think maybe now the markets are closed reality might set back in and it could drop 100-200 pips.
On the other hand, it could break the resistance and shoot for the sky.
At this point, I'm taking a back seat.
  • #100,742
  • Nov 24, 2008 4:35pm Nov 24, 2008 4:35pm
Quoting spintrader
Out of interest, anyone looking to short at this level?
I think maybe now the markets are closed reality might set back in and it could drop 100-200 pips.
On the other hand, it could break the resistance and shoot for the sky.
At this point, I'm taking a back seat.
I am looking for shorts to 1.5 at first. Then I expect: 1) a range then the upmove or 2) a fall to 1.42.
  • #100,743
  • Nov 24, 2008 4:42pm Nov 24, 2008 4:42pm
Quoting spintrader
Out of interest, anyone looking to short at this level?
I think maybe now the markets are closed reality might set back in and it could drop 100-200 pips.
On the other hand, it could break the resistance and shoot for the sky.
At this point, I'm taking a back seat.
i wont short this...i was considering a long...it just broke a significant resistance i dunno if it will retrace.....im waiting for it to go higher and when i get a signal to resume downtrend.....im making sure im on the bus
  • #100,744
  • Nov 24, 2008 4:47pm Nov 24, 2008 4:47pm
Quoting nAVIN2007
i wont short this...i was considering a long...it just broke a significant resistance i dunno if it will retrace.....im waiting for it to go higher and when i get a signal to resume downtrend.....im making sure im on the bus
good man, yeah I've got my seat booked on that bus too, I can't say I'm convinced by this market rally.
  • #100,745
  • Nov 24, 2008 4:47pm Nov 24, 2008 4:47pm
Whose shorting at the 1.5220 area? Looks like a good resistance point. Also 50% fib level
  • #100,746
  • Nov 24, 2008 4:50pm Nov 24, 2008 4:50pm
Why to short when this is going to 5350???
  • #100,747
  • Nov 24, 2008 4:51pm Nov 24, 2008 4:51pm
Quoting misterboy
Whose shorting at the 1.5220 area? Looks like a good resistance point. Also 50% fib level
i agree. it's also weekly pivot's R1.
  • #100,748
  • Nov 24, 2008 4:56pm Nov 24, 2008 4:56pm
Quoting "expert"
Why to short when this is going to 5350???
You may be right, which is why I'm not short yet- but I'll consider shorting the closer we get to 1.56- unless of course it realy does look like a trend reversal.
  • #100,749
  • Nov 24, 2008 5:03pm Nov 24, 2008 5:03pm
Quoting spintrader
You may be right, which is why I'm not short yet- but I'll consider shorting the closer we get to 1.56- unless of course it realy does look like a trend reversal.
better try 5875 for short

Hahah
  • #100,750
  • Nov 24, 2008 5:07pm Nov 24, 2008 5:07pm
Quoting "expert"
better try 5875 for short

Hahah
hmm, don't know about that, at least not this time round. but we'll see!

The resistance of my down trend channel is currently at 5775 and falling fast, I reckon it will be a very strong resistance- we definitely haven't seen the last of the 1.4's in my opinion.
  • #100,751
  • Nov 24, 2008 5:13pm Nov 24, 2008 5:13pm
Quoting "expert"
better try 5875 for short

Hahah
WHEN U SAID U WANNA TO SHORT @1.5875 HOW MANY PIPS WILL BE THE TARGET
  • #100,752
  • Nov 24, 2008 5:20pm Nov 24, 2008 5:20pm
Quoting spintrader
You may be right, which is why I'm not short yet- but I'll consider shorting the closer we get to 1.56- unless of course it realy does look like a trend reversal.
dont worry even if its a trend reversal...we have to get a test of the low again...no matter what its has at some stage need to fall...this is just a retrace, the question is how a one is it
  • #100,753
  • Nov 24, 2008 5:25pm Nov 24, 2008 5:25pm
Quoting "expert"
better try 5875 for short

Hahah
short at 5875 ???
if it's going there better long then
  • #100,754
  • Nov 24, 2008 6:10pm Nov 24, 2008 6:10pm
Quoting Infinity
updated h1....
I see my little tl is still kicking some arses...
Attached Image
Patience + Discipline - Greed = Success
  • #100,755
  • Nov 24, 2008 6:15pm Nov 24, 2008 6:15pm
Quoting Infinity
I see my little tl is still kicking some arses...
its a quality trendline stayed up to trade it!! finally japanese back in the market send it back down!! looking for 100+pips from it, lets see, stop in profit anyway, off to bed now....
Trading is 80% Emotional, 20% Technical
  • #100,756
  • Nov 24, 2008 6:23pm Nov 24, 2008 6:23pm
Quoting fx local
its a quality trendline stayed up to trade it!! finally japanese back in the market send it back down!! looking for 100+pips from it, lets see, stop in profit anyway, off to bed now....
Great going bro!! Look out at the m15 50 area though...I just closed my shorts from 5155 and 5182.

The daily closed mega bullish so I am looking for a good dip so I can buy...
Patience + Discipline - Greed = Success
  • #100,757
  • Nov 24, 2008 9:31pm Nov 24, 2008 9:31pm
wut up everybody!?!?
hope everbodies' day was great.
I had a good day. I had one trade i left open with a SL of BE and TP of 110..missed my target by 6 pips then ran back to hit my SL...just gotta laff sometimes.
even though i made nothing, i was glad to see that i know how to make a good set up.

otherwise only up 30 for the day and 100 from yesterday
  • #100,758
  • Nov 24, 2008 9:48pm Nov 24, 2008 9:48pm
Quoting dakrusha
wut up everybody!?!?
hope everbodies' day was great.
I had a good day. I had one trade i left open with a SL of BE and TP of 110..missed my target by 6 pips then ran back to hit my SL...just gotta laff sometimes.
even though i made nothing, i was glad to see that i know how to make a good set up.

otherwise only up 30 for the day and 100 from yesterday
Nothing up bro..
As usual not much movement during the asian session.
Gotta wait until the EUR/US session.
  • #100,759
  • Nov 24, 2008 10:11pm Nov 24, 2008 10:11pm
Quoting gagakrimba
Nothing up bro..
As usual not much movement during the asian session.
Gotta wait until the EUR/US session.
yeah for sure a bit slow.
  • #100,760
  • Nov 24, 2008 10:38pm Nov 24, 2008 10:38pm
I wish someone would kick her in the ass!
Just digging in the trenches like everyone else!
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