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Cable Update (GBPUSD)

  • #101,661
  • Nov 26, 2008 11:25pm Nov 26, 2008 11:25pm
Quoting manize
I am joining long team !
The bulls against the bears
  • #101,662
  • Nov 26, 2008 11:29pm Nov 26, 2008 11:29pm
Quoting gagakrimba
The bulls against the bears
Mine is at 1.5360, and locked in 1.5370. Hoping break 1.5419 and then 1.5451 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #101,663
  • Nov 26, 2008 11:30pm Nov 26, 2008 11:30pm
Quoting gagakrimba
The price is hovering above pivot since the last 4 hrs.
I wont risk it going short

It can hover all it wants above the pivots mean just about zero to me. You will risk it going long though because it hovers above a pivot? lol

I you are long I am short. We shall see what happens.


Lots of one hour rejection candles. It seems its hovering just at a pivot point not above it.
  • #101,664
  • Nov 26, 2008 11:36pm Nov 26, 2008 11:36pm
Quoting steelhead
It can hover all it wants above the pivots mean just about zero to me. You will risk it going long though because it hovers above a pivot? lol

I you are long I am short. We shall see what happens.
Yeah....i'm +10 at the moment
  • #101,665
  • Edited 11:59pm Nov 26, 2008 11:42pm | Edited 11:59pm
Delete, sorry double post !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #101,666
  • Nov 26, 2008 11:42pm Nov 26, 2008 11:42pm
Quoting gagakrimba
Yeah....i'm +10 at the moment


Oh boy you better hurry and take it. +10 wow i guess i better close mine cause im down 10 or so lol. Noise random noise.
  • #101,667
  • Nov 26, 2008 11:43pm Nov 26, 2008 11:43pm
Quoting steelhead
It can hover all it wants above the pivots mean just about zero to me. You will risk it going long though because it hovers above a pivot? lol

I you are long I am short. We shall see what happens.


Lots of one hour rejection candles. It seems its hovering just at a pivot point not above it.
You might be right. There is 2 channels on 1H !
Attached Image (click to enlarge)
Click to Enlarge Name: retrace261108.gif Size: 49 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #101,668
  • Nov 26, 2008 11:50pm Nov 26, 2008 11:50pm
Well whatever it's doing it sure isn't doing it very fast at the moment!
"The markets are the greatest chess match ever played."
  • #101,669
  • Nov 26, 2008 11:50pm Nov 26, 2008 11:50pm
Quoting manize
Ambigue trend currently. There is 2 channels in H1 !

the upper line on the chart would be what i would be concerned with. 15 minute candles getting smaller not progressing. Should signal that its going back from whence it came. I could be very wrong ofcourse but that is what i am guessing.

Upward movement seems to be exhausted. Look for the lower line drawn on the chart to be tested,

As for your charts and trendlines i dont much pay attention to trend lines. My charts are pretty naked
Attached Image (click to enlarge)
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  • #101,670
  • Nov 26, 2008 11:52pm Nov 26, 2008 11:52pm
Quoting steelhead
Oh boy you better hurry and take it. +10 wow i guess i better close mine cause im down 10 or so lol. Noise random noise.
Up to you lol.
I'm not suggesting anything
  • #101,671
  • Nov 27, 2008 12:07am Nov 27, 2008 12:07am
I want to look another 30min at 15min chart what will happen then. As i see now price is in the middle no where.
GELORE
  • #101,672
  • Nov 27, 2008 12:08am Nov 27, 2008 12:08am
next 15-30 min important for a confirmation on direction - need a close above 390 initially
  • #101,673
  • Nov 27, 2008 12:10am Nov 27, 2008 12:10am
I use hull ma, and on the 4h they are weekening slowly reversing to the downside. it will fall soon but i think before it will make some small effort for the upside.
  • #101,674
  • Nov 27, 2008 12:11am Nov 27, 2008 12:11am
Quoting steelhead
the upper line on the chart would be what i would be concerned with. 15 minute candles getting smaller not progressing. Should signal that its going back from whence it came. I could be very wrong ofcourse but that is what i am guessing.

Upward movement seems to be exhausted. Look for the lower line drawn on the chart to be tested,

As for your charts and trendlines i dont much pay attention to trend lines. My charts are pretty naked
I see what your seeing steelhead. I'm short from 5379 myself. This is not a high risk trade nor a long term hold trade for me, more of a scalp and a feel for the movement. I'm looking to be in profit and managing the move from there. Right now, we need to make a new low for the current day, whether it be a lower low or a higher low is yet to be seen. I will exit my trade accordingly and either chase her back from whence she came or wait for a new opportunity. I do question the value of the dollar over the next 24 hours though. We could still run back up to the top of the channel and fall again. I'm not opposed to that movement either. I can see 557x area as a good long target, but only when the time is right. Trade well everyone.
Just digging in the trenches like everyone else!
  • #101,675
  • Nov 27, 2008 12:16am Nov 27, 2008 12:16am
Quoting vorschlag
I use hull ma, and on the 4h they are weekening slowly reversing to the downside. it will fall soon but i think before it will make some small effort for the upside.
Yes i look what happen from my eyes 100% and i dont use in my mind setup if this-if that if-if-if. But some time im flotting to mor then -100 at the end of 1 day is positif to me 100pips above
GELORE
  • #101,676
  • Nov 27, 2008 12:19am Nov 27, 2008 12:19am
Quoting mr.m
next 15-30 min important for a confirmation on direction - need a close above 390 initially
confidence in long trade is getter better - but could be even better!
  • #101,677
  • Nov 27, 2008 12:21am Nov 27, 2008 12:21am
see the same names here.it seems that you people trade round the clock.
  • #101,678
  • Nov 27, 2008 12:25am Nov 27, 2008 12:25am
Quoting gagakrimba
Up to you lol.
I'm not suggesting anything
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #101,679
  • Nov 27, 2008 12:26am Nov 27, 2008 12:26am
Quoting eohater
I see what your seeing steelhead. I'm short from 5379 myself.
Loss taken at 5405.
Just digging in the trenches like everyone else!
  • #101,680
  • Nov 27, 2008 12:27am Nov 27, 2008 12:27am
Morning ladies. Perhaps a bit hasty but I joined the long train on the bounce. I am still optimistic with the longs today and strugling to shake that bias so all my charts have been charted to support it.

Happy Thankspipsgiving day to the yanks. or is it still too early/late there?
Ride the Bulls bearback!
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