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Cable Update (GBPUSD)

  • #101,301
  • Nov 26, 2008 5:13am Nov 26, 2008 5:13am
No worry, I scalped when I saw her coming up to pee on my doorstep.

Quoting PowerTrader
I closed that position at 1.5265.
Ride the Bulls bearback!
  • #101,302
  • Nov 26, 2008 5:15am Nov 26, 2008 5:15am
Quoting PowerTrader
I think that could be a very good call. It will be very interesting to see if bad news hurts the dollar or helps this time. Providing the news is bad. But I agree the 61.8 would be a great area to turn if it is going to do so.
actually i bought already the 50% fib looks like a good support and there was a fair bit of activity around there.i liked the reaction
  • #101,303
  • Nov 26, 2008 5:15am Nov 26, 2008 5:15am
I am nervously querying that too, but it still seems to dent the equities confidence and since cable is mirroring the turns in equities I can't see cable going up if the Dow plunges on those results.


Quoting PowerTrader
I think that could be a very good call. It will be very interesting to see if bad news hurts the dollar or helps this time. Providing the news is bad. But I agree the 61.8 would be a great area to turn if it is going to do so.
Ride the Bulls bearback!
  • #101,304
  • Nov 26, 2008 5:18am Nov 26, 2008 5:18am
Quoting Alastair
is that around 1.5200?

...
Attached Image (click to enlarge)
Click to Enlarge Name: result.JPG Size: 108 KB
  • #101,305
  • Nov 26, 2008 5:19am Nov 26, 2008 5:19am
Is it North?
I bought at 1.5257...
Learning, is a never ending processs...
  • #101,306
  • Nov 26, 2008 5:21am Nov 26, 2008 5:21am
i certainly got it htere...stoped out
  • #101,307
  • Nov 26, 2008 5:23am Nov 26, 2008 5:23am
Quoting nAVIN2007
i certainly got it htere...stoped out
wrong bus nav... let's see if the next one takes us where we want
  • #101,308
  • Nov 26, 2008 5:25am Nov 26, 2008 5:25am
hi guys..anybody going long?are we looking for new high today..
  • #101,309
  • Nov 26, 2008 5:27am Nov 26, 2008 5:27am
thanx for the chart navin.
Keep It Simple Stupid
  • #101,310
  • Nov 26, 2008 5:28am Nov 26, 2008 5:28am
I am looking to go long around 1.5185 but that is just me.
Dont take my word for it since I am still a newbe.
  • #101,311
  • Nov 26, 2008 5:35am Nov 26, 2008 5:35am
im staying on the side today... 2 trades -2 +0 ... lol sideways suck. wish i left that short from yesterday
When life gives you lemons, make lemonade
  • #101,312
  • Nov 26, 2008 5:36am Nov 26, 2008 5:36am
digesting
Lets Soar The Sky
  • #101,313
  • Nov 26, 2008 5:41am Nov 26, 2008 5:41am
Currently setting on or around support from high of Nov 19 and it looks to be holding for now. I was hoping for something to help make a decision and I have not seen it yet. Good time to sit on your hands, I think.

PT
Zone Breakout Method
  • #101,314
  • Nov 26, 2008 5:41am Nov 26, 2008 5:41am
Quoting "expert"
5300 now.I have new targets 5240,5200
Anyone who want s to buy arround 5200 watch out.If my 4 hr candle close below gann 5197 longs are bad in my thinking no metter what your emas say.

so will not close this short until i see on 15 m minimum clean sign for buy and will wait new 4 hr candle to see momentum and stoch and closing point

see ya
  • #101,315
  • Nov 26, 2008 5:43am Nov 26, 2008 5:43am


So the news were mixed Core Durable Goods Orders m/m were worse than expected and Unemployment Claims were better.

Still waiting for that bus....
  • #101,316
  • Nov 26, 2008 5:44am Nov 26, 2008 5:44am
Quoting "expert"
Anyone who want s to buy arround 5200 watch out.If my 4 hr candle close below gann 5197 longs are bad in my thinking no metter what your emas say.

so will not close this short until i see on 15 m minimum clean sign for buy and will wait new 4 hr candle to see momentum and stoch and closing point

see ya
It's not the ema's dictating this long it's Mr Fibonacci himself!

I don't use Ganns, don't even know how to, but please keep us posted.

Thanks
  • #101,317
  • Nov 26, 2008 5:47am Nov 26, 2008 5:47am
Quoting soartosky
digesting
Arent you suppose to do that AFTER you eat the turkey?
  • #101,318
  • Nov 26, 2008 5:48am Nov 26, 2008 5:48am
It's actually a fundamental equities rally. Long at 15274. Hopefully it lasts but I still think there is a big short to come so keep an eye on the Dow, S&P.



Quoting Vourvoul
It's not the ema's dictating this long it's Mr Fibonacci himself!

I don't use Ganns, don't even know how to, but please keep us posted.

Thanks
Ride the Bulls bearback!
  • #101,319
  • Nov 26, 2008 5:50am Nov 26, 2008 5:50am
Quoting PowerTrader
Currently setting on or around support from high of Nov 19 and it looks to be holding for now. I was hoping for something to help make a decision and I have not seen it yet. Good time to sit on your hands, I think.

PT
Agreed - My trend line shows support (top of channel) around 1.5240 ish

Hopefull ywe will go back up to around 1.5420ish
  • #101,320
  • Nov 26, 2008 5:54am Nov 26, 2008 5:54am
any1 on the long bus here i got in a 1.5250
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