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Cable Update (GBPUSD)

  • #102,701
  • Dec 1, 2008 11:42am Dec 1, 2008 11:42am
Quoting eohater
I wouldn't say it's a sign to enter long. We're looking for it to close above the 15m/10 to confirm our positions. She could bounce off the 10 and come back down to today's low or lower. If the 10 holds, then our longs should be good to the 15m/35sma
exactly...
Patience + Discipline - Greed = Success
  • #102,702
  • Dec 1, 2008 11:44am Dec 1, 2008 11:44am
doesn't anyone think this is going to keep going down?
Shorted at 15324 and holding on still, but stop at 14885
I think this will keep going down all week, but the down move might be exhausted for the day. Not looking for any longs personally.
PIPPED TO THE LINE
  • #102,703
  • Dec 1, 2008 11:44am Dec 1, 2008 11:44am
Quoting Infinity
We have not closed above it yet...
Yeah .... thanks ... I just learned ema strategy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #102,704
  • Dec 1, 2008 11:44am Dec 1, 2008 11:44am
Hahaha! Steelhead, you always crack me up! You make brave (and usually good) calls but I love the way you bite everybody's head's off for expressing a view... A bit harsh a times but fekkin hilarious. Bruce Fekkin Willis on steroids....

I too have stopped out of the longs with early entries but then missed the right entry. It's been a good day for me so I am happy to call it quits from here and see what a new day brings.

Quoting steelhead
What part of I havent taken a position just looking didnt you understand spintrader? Eohater is long you wanna go after him as well? Infinity is long you wanna go after him too?


Or is it just me that you wanna try and go after. Its a losing battle for you but be my guest.

Again what part of I havent taken a long position dont you understand?

Unbelievable how some folks can just read right past what is written.
Ride the Bulls bearback!
  • #102,705
  • Dec 1, 2008 11:46am Dec 1, 2008 11:46am
Quoting manize
Yeah .... thanks ... I just learned ema strategy !
No problem bro...
Patience + Discipline - Greed = Success
  • #102,706
  • Dec 1, 2008 11:48am Dec 1, 2008 11:48am
Quoting trickytrader
doesn't anyone think this is going to keep going down?
Shorted at 15324 and holding on still, but stop at 14885
I think this will keep going down all week, but the down move might be exhausted for the day. Not looking for any longs personally.
Cable fell a LOT!! today I would be very surprised if there wasnt a decent retrace now!
  • #102,707
  • Dec 1, 2008 11:49am Dec 1, 2008 11:49am
i am thinking 4960 area will hold as resistance....if not the 4990

I am looking for a short soon
  • #102,708
  • Dec 1, 2008 11:52am Dec 1, 2008 11:52am
Quoting Shilva
i am thinking 4960 area will hold as resistance....if not the 4990

I am looking for a short soon
next 8 mins are crucial...
Patience + Discipline - Greed = Success
  • #102,709
  • Dec 1, 2008 11:52am Dec 1, 2008 11:52am
Quoting alcando
Hahaha! Steelhead, you always crack me up! You make brave (and usually good) calls but I love the way you bite everybody's head's off for expressing a view... A bit harsh a times but fekkin hilarious. Bruce Fekkin Willis on steroids....

I too have stopped out of the longs with early entries but then missed the right entry. It's been a good day for me so I am happy to call it quits from here and see what a new day brings.

Bro you gotta have some fun when doing this fulltime. Otherwise its just alot of sitting around waiting for me. I am blunt, and sometimes offensive but im not changing.
  • #102,710
  • Dec 1, 2008 11:53am Dec 1, 2008 11:53am
do you mean 4860?
I have a small resistance area at around 4875-80, hence my SL just above.
PIPPED TO THE LINE
  • #102,711
  • Dec 1, 2008 11:53am Dec 1, 2008 11:53am
Quoting eohater
I wouldn't say it's a sign to enter long. We're looking for it to close above the 15m/10 to confirm our positions. She could bounce off the 10 and come back down to today's low or lower. If the 10 holds, then our longs should be good to the 15m/35sma
hi,good day sorry i know it sounds really silly to ask but closing above the 15m/10 to confirm will be at wat price my chart is really acting funny here.thanks
  • #102,712
  • Dec 1, 2008 11:55am Dec 1, 2008 11:55am
Quoting enoh james a
hi,good day sorry i know it sounds really silly to ask but closing above the 15m/10 to confirm will be at wat price my chart is really acting funny here.thanks
Not a silly question, on my charts it 4862. Right now I'm looking for the 15m/5 to hold her to send it up above the 10. Like Infinity said, the next 6min now, are crucial.
Just digging in the trenches like everyone else!
  • #102,713
  • Dec 1, 2008 11:56am Dec 1, 2008 11:56am
i just tried a short at 4852 w/ 15pip tight stop because if it breaks north I want out
  • #102,714
  • Dec 1, 2008 11:56am Dec 1, 2008 11:56am
Considering the Average True Range on the daily is 251 at the moment and we fell 555pips today, I think we are stuck with this range for now. We may still test the low again tho as there is still significant yen strength with GBPJPY continuing to fall so the boys are still offloading GBP.

Quoting trickytrader
doesn't anyone think this is going to keep going down?
Shorted at 15324 and holding on still, but stop at 14885
I think this will keep going down all week, but the down move might be exhausted for the day. Not looking for any longs personally.
Ride the Bulls bearback!
  • #102,715
  • Dec 1, 2008 11:57am Dec 1, 2008 11:57am
Quoting eohater
Not a silly question, on my charts it 4862. Right now I'm looking for the 15m/5 to hold her to send it up above the 10. Like Infinity said, the next 6min now, are crucial.
Euro struggling to get past m15 50ema....
Patience + Discipline - Greed = Success
  • #102,716
  • Dec 1, 2008 11:57am Dec 1, 2008 11:57am
Quoting PipLand
Cable fell a LOT!! today I would be very surprised if there wasnt a decent retrace now!
I respectfully disagree, I think that after such an aggressive move like what we have seen today, it rarely just bounces back.

Go back and look at cable, the week beginning October 19th for an example.
I'm not saying that I think it won't retrace at all, but I think todays move is a good indication of the overall renewed bearish sentiment, and I wouldn't be suprised if todays move has set the direction for the rest of the week.

On the otherhand, it could easily retace 100 pips, if that's what you are looking for.

We shall have to wait and see (the fun part!).
  • #102,717
  • Dec 1, 2008 11:59am Dec 1, 2008 11:59am
Quoting spintrader
I respectfully disagree, I think that after such an aggressive move like what we have seen today, it rarely just bounces back.

Go back and look at cable, the week beginning October 19th for an example.
I'm not saying that I think it won't retrace at all, but I think todays move is a good indication of the overall renewed bearish sentiment, and I wouldn't be suprised if todays move has set the direction for the rest of the week.

On the otherhand, it could easily retace 100 pips, if that's what you are looking for.

We shall have to wait and...
im waiting for a dailly close and jumping on....definately wanna catch a bit of this move down..
  • #102,718
  • Dec 1, 2008 12:01pm Dec 1, 2008 12:01pm
Quoting spintrader
I respectfully disagree, I think that after such an aggressive move like what we have seen today, it rarely just bounces back.

Go back and look at cable, the week beginning October 19th for an example.
I'm not saying that I think it won't retrace at all, but I think todays move is a good indication of the overall renewed bearish sentiment, and I wouldn't be suprised if todays move has set the direction for the rest of the week.

On the otherhand, it could easily retace 100 pips, if that's what you are looking for.

We shall have to wait and...
yeah true, not looking for a bounce looking for a decent retrace first TP 1.4979
  • #102,719
  • Dec 1, 2008 12:02pm Dec 1, 2008 12:02pm
h1 closed as an inside bar... so it can go either way... but based on the price action when we tested the low, i'll hold on to my long.... if I get stopped out, I'll be 2 pips richer...

Lunch time...
Patience + Discipline - Greed = Success
  • #102,720
  • Dec 1, 2008 12:02pm Dec 1, 2008 12:02pm
Quoting nAVIN2007
im waiting for a dailly close and jumping on....definately wanna catch a bit of this move down..
come on aboard my friend, there's plenty of room!
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