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Cable Update (GBPUSD)

  • #104,501
  • Dec 4, 2008 3:16pm Dec 4, 2008 3:16pm
Quoting eohater
Ok, it's obvious there are those sitting long up high. I'm thinking we might get another test of the 1h 62. If we do, I will be going short from there again. Otherwise, I will leave my runners open and scalp the Asian session with my other account.

Trade what you see and if you see it going to the moon, then by all means don't let me stop you or change your mind. I see a lower low and a lower high. Tells me she's not done going down.
be carefull of 1.46
  • #104,502
  • Dec 4, 2008 3:20pm Dec 4, 2008 3:20pm
Quoting nAVIN2007
be carefull of 1.46
I'm always careful bro! I'm covered in my position. I'm not looking to short at 46. I'll be look for my exit cue from 46-4475 and looking for a possible seat on the long bus when I get out. Price action will lead the way.
Just digging in the trenches like everyone else!
  • #104,503
  • Dec 4, 2008 3:20pm Dec 4, 2008 3:20pm
It shud be simple like this. But besides whatever I showed here there's many other thing I have to consider before an entry.

Attached Image (click to enlarge)
Click to Enlarge Name: My Chart.JPG Size: 204 KB
  • #104,504
  • Dec 4, 2008 3:26pm Dec 4, 2008 3:26pm
I'm outta here for a while. I hope everyone made good money today. I'll be back on during the Asian session.
Just digging in the trenches like everyone else!
  • #104,505
  • Dec 4, 2008 3:28pm Dec 4, 2008 3:28pm
Quoting Vourvoul
I know mate hence the drooling smiley...

It's not my currency but it's been good to me

Anyway you'll be switching to EUR as soon as parity is reached...
nononono, i will not tolerate such noncense screw the Euro, pound been here for 300 years and i want it to stay! in the meantime i will not be patriotic and just go with the flow
  • #104,506
  • Dec 4, 2008 3:30pm Dec 4, 2008 3:30pm
Quoting moewenger
It shud be simple like this. But besides whatever I showed here there's many other thing I have to consider before an entry.

Attachment
if that a spread of 30 pips..........u need to kill yur broker for this pair that suicide
  • #104,507
  • Dec 4, 2008 3:35pm Dec 4, 2008 3:35pm
Quoting nAVIN2007
if that a spread of 30 pips..........u need to kill yur broker for this pair that suicide
haha... that's not 30 but only 3. Just look at the price I got it have five numbers at the back instead of normal 4. That is called fractional pips. This is the example.

When everyone else MT4 have this price 1.4565 I will have something like 1.45650

  • #104,508
  • Dec 4, 2008 3:37pm Dec 4, 2008 3:37pm
micho .my friend has this week been a bitch or what? ....

no trading for me tomorrow....im gonna chill out and save my money...
  • #104,509
  • Dec 4, 2008 4:51pm Dec 4, 2008 4:51pm
on 4hr chart i see a small h&s formation......target 1.4920, stop around 40lvl

nice eve.....
  • #104,510
  • Dec 4, 2008 5:10pm Dec 4, 2008 5:10pm
SInce it opens above pivot level i hope she'll be bullish to-day
  • #104,511
  • Dec 4, 2008 5:12pm Dec 4, 2008 5:12pm
Quoting gagakrimba
SInce it opens above pivot level i hope she'll be bullish to-day
Let's see a move upwards of 300 to 400 pips for a change
  • #104,512
  • Dec 4, 2008 5:15pm Dec 4, 2008 5:15pm
yepp.....would be happy about that

i'd really like to see it at 1.49 to short again
  • #104,513
  • Dec 4, 2008 5:19pm Dec 4, 2008 5:19pm
Quoting moewenger
It shud be simple like this. But besides whatever I showed here there's many other thing I have to consider before an entry.

Attachment

I find it so fascinating the different charts that folks use. Im sure moewenger has a reason for having all that clutter on his charts. I for one cant make heads or tails of that chart.

I prefer nothing so I can see through it all to the big picture. Just interesting what different folks do.

My chart is also a cable one hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: journal entry 10.jpg Size: 57 KB
  • #104,514
  • Dec 4, 2008 5:33pm Dec 4, 2008 5:33pm
Damned.....she is sliding.
  • #104,515
  • Dec 4, 2008 7:00pm Dec 4, 2008 7:00pm
GU is still being contained by the downward sloping pitchfork; meaning the down trend is still in force. As of now, there's no setup for an entry. If cable goes higher later; I'm looking to short at the upper median line; which is around -1.4850+
Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 126 KB
~*~You are only one trade away from humility~*~
  • #104,516
  • Dec 4, 2008 7:09pm Dec 4, 2008 7:09pm
Quoting jharteam
GU is still being contained by the downward sloping pitchfork; meaning the down trend is still in force. As of now, there's no setup for an entry. If cable goes higher later; I'm looking to short at the upper median line; which is around -1.4850+
Nice looking chart!!
Just digging in the trenches like everyone else!
  • #104,517
  • Dec 4, 2008 8:15pm Dec 4, 2008 8:15pm
Anyone in a trade currently? I'm in two. I have shorts from 4770 and a longs from 4641. NO, I'M NOT HEDGED. I have two accounts. The long is just my scalp position currently. Will not hold long, SL is +2 and when I get out, I will be going short again, unless I eat my shorts
Just digging in the trenches like everyone else!
  • #104,518
  • Dec 4, 2008 8:43pm Dec 4, 2008 8:43pm
Quoting eohater
Anyone in a trade currently? I'm in two. I have shorts from 4770 and a longs from 4641. NO, I'M NOT HEDGED. I have two accounts. The long is just my scalp position currently. Will not hold long, SL is +2 and when I get out, I will be going short again, unless I eat my shorts

I'm flat at the moment, correct me if I'm wrong, but by doing that, you have essentially locked in your profits on the shorts right? I have friends who have two different trading accounts as well; and I am still unable to see the 'benefits' or rationale behind it. Apparently, he said there's benefits for such setups.
~*~You are only one trade away from humility~*~
  • #104,519
  • Dec 4, 2008 8:44pm Dec 4, 2008 8:44pm
15m
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 148 KB
Just digging in the trenches like everyone else!
  • #104,520
  • Dec 4, 2008 8:47pm Dec 4, 2008 8:47pm
Quoting eohater
Anyone in a trade currently? I'm in two. I have shorts from 4770 and a longs from 4641. NO, I'M NOT HEDGED. I have two accounts. The long is just my scalp position currently. Will not hold long, SL is +2 and when I get out, I will be going short again, unless I eat my shorts
Waiting for a ride, no open trades right now.
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