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Cable Update (GBPUSD)

  • #104,421
  • Dec 4, 2008 10:29am Dec 4, 2008 10:29am
Quoting enoh james a
Am Still Going Short Sl 40pips I Will Leave It Till Tomorrow,feeling Sleepy Here
be carefull here cable is looking to give a bullish pin on dailly.
  • #104,422
  • Dec 4, 2008 10:30am Dec 4, 2008 10:30am
Quoting steelhead
You got that totally backwards my friend. Shorts above 1.4680 shorts at 1.4800. No longs till lows are tested.

Why would you short below 1.4680 120 pips into the downmove that would be really silly.


Again shorts above 1.4800 adding to them if it goes higher. Longs below 4550 adding as it goes down.

Sell high buy low is it really that hard to understand?
steelhead,
did you get my PM?
  • #104,423
  • Dec 4, 2008 10:32am Dec 4, 2008 10:32am
I shorted at 14655, and did not put a SL. Should I hold or exit? Need a sense of direction to Hold or Cover at this moment. Got about 100 PIP to recover. Need to go and sleep!! Don't want to risk it and prefer to close but can wait another hour!! Obviously a newbie.. in comparison to the others :-)
  • #104,424
  • Dec 4, 2008 10:32am Dec 4, 2008 10:32am
somebody seems to be buying into 1.4720 level, everytime it gets there it just bounces back
  • #104,425
  • Dec 4, 2008 10:34am Dec 4, 2008 10:34am
Quoting eohater
If I was to pick a target and walk away it would be 4740, but I won't be doing that. I'll get out when she tells me to get off her back. She hasn't told me yet. My SL is at 4820. I would not go long here, but I will go short. I'll take the loss, but not risk the long and the possiblity of the loss there.
Just got back from lunch and see my shorts were closed out for a nice little profit. I'm probably done for the day trading. I'll still be around and I'll take a trade if the setup is right, but I'm in double bonus for the day at this point.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #104,426
  • Dec 4, 2008 10:36am Dec 4, 2008 10:36am
look at these results....and i still get screwed

apart from letting the winner ride and cut the losses, anything else to be gained from this?
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  • #104,427
  • Dec 4, 2008 10:36am Dec 4, 2008 10:36am
Quoting steelhead
You got that totally backwards my friend. Shorts above 1.4680 shorts at 1.4800. No longs till lows are tested.

Why would you short below 1.4680 120 pips into the downmove that would be really silly.


Again shorts above 1.4800 adding to them if it goes higher. Longs below 4550 adding as it goes down.

Sell high buy low is it really that hard to understand?
i short @ 1.4794 and close half postions and wait to see if it could broke 1.4680 so i'll leave it continue fall and if not i long there
i hope u understand me
  • #104,428
  • Dec 4, 2008 10:38am Dec 4, 2008 10:38am
Wedge formed on 5 min chart - could be large break out to either side - watch out.
  • #104,429
  • Dec 4, 2008 10:38am Dec 4, 2008 10:38am
This Baby Better Goes Down Cos Am Short 4 The Next 4hours 0r 8 Hours
  • #104,430
  • Dec 4, 2008 10:38am Dec 4, 2008 10:38am
Quoting ady27
steelhead,
did you get my PM?

No I didnt get it.
  • #104,431
  • Dec 4, 2008 10:38am Dec 4, 2008 10:38am
Quoting lexazver
somebody seems to be buying into 1.4720 level, everytime it gets there it just bounces back
hopefully whoever it is will run out of money soon
PIPPED TO THE LINE
  • #104,432
  • Dec 4, 2008 10:41am Dec 4, 2008 10:41am
Quoting lexazver
somebody seems to be buying into 1.4720 level, everytime it gets there it just bounces back
I don't mean to be a smart ass, but look at your 15m chart and the price level of 4720. You can see the support that is there.
Just digging in the trenches like everyone else!
  • #104,433
  • Dec 4, 2008 10:41am Dec 4, 2008 10:41am
im back... its been a flat week so far for me...

i contact hotspot fx, anybody knows about them?
When life gives you lemons, make lemonade
  • #104,434
  • Dec 4, 2008 10:45am Dec 4, 2008 10:45am
Quoting hantousha
I shorted at 14655, and did not put a SL. Should I hold or exit? Need a sense of direction to Hold or Cover at this moment. Got about 100 PIP to recover. Need to go and sleep!! Don't want to risk it and prefer to close but can wait another hour!! Obviously a newbie.. in comparison to the others :-)
it's wibbling around at 4740, wants to come down i think, but i'm just another newb, so don't take my word for much,

give it another 20 mins and you'll have the answer
  • #104,435
  • Dec 4, 2008 10:45am Dec 4, 2008 10:45am
Quoting eohater
Just got back from lunch and see my shorts were closed out for a nice little profit. I'm probably done for the day trading. I'll still be around and I'll take a trade if the setup is right, but I'm in double bonus for the day at this point.

Trade well!
EO
Gotta luv double bonus.....

Time to get the kids from school, will chat later!!

HOLLA
  • #104,436
  • Dec 4, 2008 10:45am Dec 4, 2008 10:45am
Quoting nAVIN2007
what size did u go in at?

hhey man, 0.1 only
When life gives you lemons, make lemonade
  • #104,437
  • Dec 4, 2008 10:46am Dec 4, 2008 10:46am
Quoting ACartwright
Wedge formed on 5 min chart - could be large break out to either side - watch out.

Not to be rude but any information that is gleaned from a 5 minute chart should not lead you to believe that a large breakout is about to accur. I mean seriously a large breakout on a 5 minute chart is 20 pips.

Focus on the Big Picture
  • #104,438
  • Dec 4, 2008 10:46am Dec 4, 2008 10:46am
EOHater,

i have the H1 / 62 ema down good (it worked 2 times so far for me)

what other trades to u do?

on the 5m, 15, and h1?
  • #104,439
  • Dec 4, 2008 10:46am Dec 4, 2008 10:46am
Quoting enoh james a
This Baby Better Goes Down Cos Am Short 4 The Next 4hours 0r 8 Hours
what was your price??
  • #104,440
  • Dec 4, 2008 10:50am Dec 4, 2008 10:50am
Quoting eohater
I don't mean to be a smart ass, but look at your 15m chart and the price level of 4720. You can see the support that is there.
I agree. I'm starting to like the MA's now. Plus the fibonacci. Damn it makes me riding pips today. +200 in just 4 hours.
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