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Cable Update (GBPUSD)

  • #104,621
  • Dec 5, 2008 4:06am Dec 5, 2008 4:06am
Quoting manize
Good job! I learn hard to combine with ema and pivot strategy !
hehe i never use pivots and rarely use EMA
When life gives you lemons, make lemonade
  • #104,622
  • Dec 5, 2008 4:08am Dec 5, 2008 4:08am
Quoting alcando
Sorry Dude. I missed it too, so much for being cautious.
That's cool - them's the breaks....
  • #104,623
  • Dec 5, 2008 4:13am Dec 5, 2008 4:13am
Quoting alcando
Sorry Dude. I missed it too, so much for being cautious.
You were not alone in being cautious Al. But on a positive note we didnt loose either
  • #104,624
  • Dec 5, 2008 4:16am Dec 5, 2008 4:16am
Quoting Chris_35
You were not alone in being cautious Al. But on a positive note we didnt loose either
Would you short if it got up there again in the next hour, or would you assume it'll break through this time?
  • #104,625
  • Dec 5, 2008 4:26am Dec 5, 2008 4:26am
I think the players have given the game away. The shorts seem to be the flavour of the day as they are more rapid than the longs. From here I think it will range until just before the US data and hopefully the US pit traders will set us up for a nice short later.

I will take it at that level again only if it looks right at the time.

Quoting MarkyBoy
Would you short if it got up there again in the next hour, or would you assume it'll break through this time?
Ride the Bulls bearback!
  • #104,626
  • Dec 5, 2008 4:45am Dec 5, 2008 4:45am
Quote:
Originally Posted by MarkyBoy http://www.forexfactory.com/images/buttons/viewpost.gif
Would you short if it got up there again in the next hour, or would you assume it'll break through this time?

My answer would mirror the reply below posted by Al

Quoting alcando
I think the players have given the game away. The shorts seem to be the flavour of the day as they are more rapid than the longs. From here I think it will range until just before the US data and hopefully the US pit traders will set us up for a nice short later.

I will take it at that level again only if it looks right at the time.
  • #104,627
  • Dec 5, 2008 5:02am Dec 5, 2008 5:02am
I go long now 1.4660. what about you?
Give me patience
  • #104,628
  • Dec 5, 2008 5:15am Dec 5, 2008 5:15am
Quoting Bullfx
I go long now 1.4660. what about you?
am long 4656 but keeping careful eye on her
  • #104,629
  • Dec 5, 2008 5:18am Dec 5, 2008 5:18am
Quoting Bullfx
I go long now 1.4660. what about you?
Put 200sma on chart as it could be a stopper on 15m
  • #104,630
  • Edited 5:25am Dec 5, 2008 5:22am | Edited 5:25am
I tried a long about 45 minutes ago and got stopped out. I swear my broker was hunting stop since it hit exactly my SL.

I am going to wait for 1.475 and try a short

EDIT - Besides my chart are showing me conflicting info.
  • #104,631
  • Dec 5, 2008 5:23am Dec 5, 2008 5:23am
nearly every currency is falling against US dollar, WTF is keeping this pound up and pushing it up???
PIPPED TO THE LINE
  • #104,632
  • Dec 5, 2008 5:24am Dec 5, 2008 5:24am
anyway, once Euro falls below 12700 and swissie goes above 12100, normal service should resume
PIPPED TO THE LINE
  • #104,633
  • Dec 5, 2008 5:24am Dec 5, 2008 5:24am
Long @ 1.4700
TP 1.4750
SL 1.4675
A smaller lot this time
  • #104,634
  • Dec 5, 2008 5:31am Dec 5, 2008 5:31am
come on, push push push, just a little harder...
PIPPED TO THE LINE
  • #104,635
  • Dec 5, 2008 5:32am Dec 5, 2008 5:32am
Price has hit top of hourly trendline line - might no be much more in it.

Al
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd - hourly.gif Size: 44 KB
  • #104,636
  • Dec 5, 2008 5:38am Dec 5, 2008 5:38am
Quoting trickytrader
come on, push push push, just a little harder...
Push where bro ?
Up or down ?
  • #104,637
  • Dec 5, 2008 5:40am Dec 5, 2008 5:40am
i want it down

i wanted the euro to push down under 12700 and swiss above 12100, helping the gbp down
PIPPED TO THE LINE
  • #104,638
  • Dec 5, 2008 5:42am Dec 5, 2008 5:42am
Quoting Chris_35
am long 4656 but keeping careful eye on her
closed @ 1.4690
  • #104,639
  • Dec 5, 2008 5:42am Dec 5, 2008 5:42am
Quoting gagakrimba
Long @ 1.4700
TP 1.4750
SL 1.4675
A smaller lot this time
Gotcha..... damned
  • #104,640
  • Dec 5, 2008 5:54am Dec 5, 2008 5:54am
Quoting trickytrader
nearly every currency is falling against US dollar, WTF is keeping this pound up and pushing it up???
not with the yen
When life gives you lemons, make lemonade
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