Have been long @ xxx393 for 4.5 hours and am +0.4 at the moment. Its like watching paint dry. Didnt take in to the equation that T G Day is today, but hey, wish all you guys on the other side of the pond a great holiday
Cable Update (GBPUSD)
- #101,922
- Nov 27, 2008 1:51pm Nov 27, 2008 1:51pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
i do not currently have my charts with esignal vol here, but regarding the vol seen on yours, this thing has at least the possibility to break up a little further. also we have been bought up rom the 38.2 fib level resulting in a clear close above that line and higher lows on the last candles. i wouldn't be too surprised, if we head a little higher before retesting/(taking out..(?)) the lows.
Regarding the possible up side, i dont have any idea... but i dont think we will see 1.56 because everyone is waiting for that price to short... so big guys will sell below that... really dont know but if somebody has a short above 1.5350 i think 1.56 will be the stop... anywhere above that stop will give the strength back to the bulls on the daily charts... lets see what is gonna happen, im excited
When life gives you lemons, make lemonade
- #101,926
- Nov 27, 2008 2:27pm Nov 27, 2008 2:27pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
I have idea.if you belive big boys care about this post they hear so many times 56 for short.
So they might short before as Micho said or put it much more up to take ypurs SL and then to let it fall.
How about that?So we mi8ght see 76 fib then?
no i am not saying that they look at this forum... but 1.56 is the 79% Fibonacci and everybody is tempted to short from there...
When life gives you lemons, make lemonade
- #101,928
- Nov 27, 2008 2:52pm Nov 27, 2008 2:52pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #101,929
- Nov 27, 2008 2:53pm Nov 27, 2008 2:53pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
No you don't understand me.I think i read in your post that this might go sooner not at 56 61 fib.maybe i am wrong about that.Sorry if i make mistake.
i didnt mean that you said that big boys read this post.It doesnt metter anyway.Imprtant thing we are all for that to go down.
Sooner or later.ha
O
For the forst time i am not sleepy and no action.Zhis holiday is killing me.Ha
Once again happy holiday to all who celebrate it.
Maybe only North Americans and Canadians celebrate this day... Doesn't have anything to do with religion though...
There is an option also, cable might start falling slowly from here and everybody will miss the train until we found ourselves at 1.473x then we say holy moses i wish i entered a short at 1.5370 stop loss 1.56
But i dont have balls to do it, nor my account allows me anyway
When life gives you lemons, make lemonade
- #101,931
- Nov 27, 2008 2:56pm Nov 27, 2008 2:56pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
if it breaks the high then i think that the trend is at a stage of reversal...it will be about buying a dip then.....but who knows....lets see what the hell happens
Everybody is waiting to see that level to short, but they will keep waiting until we see 1.473x then maybe after that we see 1.56.... by that time if anybody wants to short it would be a nice reversal hahaha
When life gives you lemons, make lemonade
- #101,932
- Nov 27, 2008 2:59pm Nov 27, 2008 2:59pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
what time frame you looking at to draw 79% fibs as 1.56
the all red candles or the all green candles, thats how i spot a trend... of course if the downtrend finishes with a hammer which is green, you count it in the trend cause it makes the low... but i dont like to see trends with different colors candles in the middle... at that stage i go to a higher chart to see a full unicolored trend and base my stop and target on it.. even on the 1 minute chart
When life gives you lemons, make lemonade
- #101,933
- Nov 27, 2008 3:03pm Nov 27, 2008 3:03pm
- | Commercial User | Joined May 2008 | 1,300 Posts
In my country we dont celebrate this day...
There is an option also, cable might start falling slowly from here and everybody will miss the train until we found ourselves at 1.473x then we say holy moses i wish i entered a short at 1.5370 stop loss 1.56
.Cant win all the time.Small SL and going my way.If i am wrong... well new trade coming soon.Going to sleep a little
see ya
- #101,934
- Nov 27, 2008 3:09pm Nov 27, 2008 3:09pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
I am short just in case of that
Going to sleep a little
see ya
while we talk now, lots of people are eating turkey
When life gives you lemons, make lemonade
- #101,935
- Nov 27, 2008 3:16pm Nov 27, 2008 3:16pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Everyone seems to be talking about short.
Let me do the opposite then.
I long @ 1.5400
Let me do the opposite then.
I long @ 1.5400
- #101,936
- Nov 27, 2008 3:18pm Nov 27, 2008 3:18pm
thats the daily chart, the last big down trend swing high 1.5883
the all red candles or the all green candles, thats how i spot a trend... of course if the downtrend finishes with a hammer which is green, you count it in the trend cause it makes the low... but i dont like to see trends with different colors candles in the middle... at that stage i go to a higher chart to see a full unicolored trend and base my stop and target on it.. even on the 1 minute chart
- #101,939
- Nov 27, 2008 4:04pm Nov 27, 2008 4:04pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Have been long for 7 hours and still only +11