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Cable Update (GBPUSD)

  • #105,461
  • Dec 9, 2008 7:41am Dec 9, 2008 7:41am
I start to short again.let see now.
  • #105,462
  • Dec 9, 2008 7:45am Dec 9, 2008 7:45am
I just closed a long from this tl at the h1 62ema which coincides with the 50sma. I told you guys about the trendline.. it was a poor choice to short there.. I am flat right now... I am not taking the 62ema short right now...
Attached Image
Patience + Discipline - Greed = Success
  • #105,463
  • Dec 9, 2008 7:47am Dec 9, 2008 7:47am
Quoting windrush
I must admit I do not come to this...
Last time cable was at that price was 13th August
  • #105,464
  • Dec 9, 2008 7:50am Dec 9, 2008 7:50am
Quoting gagakrimba
Gotcha
Yeah my turn now. SHORT!
  • #105,465
  • Dec 9, 2008 7:51am Dec 9, 2008 7:51am
likely pullback to 1.4760s area and then continue to the upside imho. will be looking to long in 1.4750-60 range with stop at 40
  • #105,466
  • Dec 9, 2008 7:51am Dec 9, 2008 7:51am
here's why I am not shorting yet...

Also, we failed to make a new low on the daily...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.gif Size: 23 KB
Click to Enlarge Name: m15.gif Size: 23 KB
Patience + Discipline - Greed = Success
  • #105,467
  • Dec 9, 2008 7:53am Dec 9, 2008 7:53am
All the way from the 4hr TL to the Weekly Pivot. Nice looking 4hr aswell.
  • #105,468
  • Dec 9, 2008 7:53am Dec 9, 2008 7:53am
Quoting Chris_35
Last time cable was at that price was 13th August

Windrush, you have to look into the 'last' page of the thread. You probably are looking at the 1st page of the forum or something. Have a good one

J.
~*~You are only one trade away from humility~*~
  • #105,469
  • Dec 9, 2008 7:56am Dec 9, 2008 7:56am
Quoting Infinity
I just closed a long from this tl at the h1 62ema which coincides with the 50sma. I told you guys about the trendline.. it was a poor choice to short there.. I am flat right now... I am not taking the 62ema short right now...
I dont know how did you make that suport line but on my platform that is inpossible(red line)
I am looking at other one resistance line for now.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1 hr.gif Size: 33 KB
  • #105,470
  • Dec 9, 2008 7:57am Dec 9, 2008 7:57am
Taking a trade now is really in the middle of no where. (right smack in the middle of descending yellow trendline and ascending grey trendline).

Although in the larger picture, price is arguably closer to the top than bottom. (yellow trendlines)
Attached Image (click to enlarge)
Click to Enlarge Name: 12-09-2008 23-53-32 temp.jpg Size: 104 KB
I need to put up stop losses.
  • #105,471
  • Dec 9, 2008 8:00am Dec 9, 2008 8:00am
Quoting "expert"
I dont know how did you make that suport line but on my platform that is inpossible(red line)
I am looking at other one resistance line for now.

yeah, tried this time and last night as well. it just don't cut. I can accept slight discrepancy on bid/ask; but it seems that your chart is totally different than alot of other and mine. J.
~*~You are only one trade away from humility~*~
  • #105,472
  • Dec 9, 2008 8:04am Dec 9, 2008 8:04am
Quoting "expert"
I dont know how did you make that suport line but on my platform that is inpossible(red line)
I am looking at other one resistance line for now.
impossible eh?
Look at the h4 chart that I just posted and you will see the same support line... Also, my experience has taught me that price does not always go to the lowest possible point that you would draw the tl. I drew my line on the h1 so that it touched all the previous lows in that area..
Attached Image (click to enlarge)
Click to Enlarge Name: exh1.gif Size: 36 KB
Patience + Discipline - Greed = Success
  • #105,473
  • Dec 9, 2008 8:07am Dec 9, 2008 8:07am
Long @ 1.4780
  • #105,474
  • Dec 9, 2008 8:08am Dec 9, 2008 8:08am
Quoting Infinity
impossible eh?
Look at the h4 chart that I just posted and you will see the same support line... Also, my experience has taught me that price does not always go to the lowest possible point that you would draw the tl. I drew my line on the h1 so that it touched all the previous lows in that area..
Ok heare is my 4 hr .

End on your 1 hr that suport line was touched by price.On my 1 hr it isn't.&0 pips space between.On my platform it just isnt the same as yours.I dont know about others.Would like to see theare's 1 hr chart with that suport line.

Theare could be some diffrence but this is little to much in my opinion.

Wheare is Micho today?
Attached Image (click to enlarge)
Click to Enlarge Name: cable 4 hr.gif Size: 34 KB
  • #105,475
  • Dec 9, 2008 8:11am Dec 9, 2008 8:11am
Quoting Infinity
impossible eh?
Look at the h4 chart that I just posted and you will see the same support line... Also, my experience has taught me that price does not always go to the lowest possible point that you would draw the tl. I drew my line on the h1 so that it touched all the previous lows in that area..
The way they was teaching me i should connect lows.You didnt do that and you make your TL the way you like for you trade.

I wasn't teached to do that way.Connect lows not above them.That is what they told me
  • #105,476
  • Dec 9, 2008 8:11am Dec 9, 2008 8:11am
Quoting windrush
I must admit I do not come to this forum as much as I should,,,,I was reading about GBPUSD, and references was made many times about GBPUSD at prices in the 1.8900 + area. Could someone tell me when was the CABLE at such levels, I must be missing something.............................(((quote(( Next resistence at the 1.8977 level the previous weeks pivot point and 1.8997 the daily R1. Any thoughts on this and others is appreciated. ))unquote))))......................................my current GBPUSD chart is showing a price of 1.4773, I am worried...

I know I talk about this all the time but we have a new one everyday that thinks he should frequent this forum for trading advise.

Bro dont frequent this forum stay away from this forum when you are learning. To much clutter focus on your charts study and learn for yourself. Unless you are an experienced trader and can shift through all the non sense on these forums the majority of your time should not be spent here.

I know its a broken record but its the truth. I think most traders who folks look up to in here would agree with my comments. Traders like Infinity Eohater and others
  • #105,477
  • Dec 9, 2008 8:14am Dec 9, 2008 8:14am
Quoting gagakrimba
Long @ 1.4780
Oh man i know i said about bulish divergance before and you said it didnt good but now you are long.

And i am short

I hope this goes in range so we can get money together
  • #105,478
  • Dec 9, 2008 8:15am Dec 9, 2008 8:15am
Quoting "expert"
Ok heare is my 4 hr .

End on your 1 hr that suport line was touched by price.On my 1 hr it isn't.&0 pips space between.On my platform it just isnt the same as yours.I dont know about others.Would like to see theare's 1 hr chart with that suport line.

Theare could be some diffrence but this is little to much in my opinion.

Wheare is Micho today?
I don't know about your platform bro but mine was pretty clear cut. Trendlines should not be drawn as exact as you are trying to do otherwise you will get caught out. It should be used as a guage or estimate of where support is, therefore, you have to be open minded and draw different scenarios. I sometimes have 3 or 4 different trendlines in the same area as different possibilities of support/resistance.

I posted this earlier before the upmove started and my line was already there....

Quoting Infinity
I only took one trade this morning and that was a short off the 50ema on m15 which I closed for about 70 pips. I am not in a trade now but I wouldn't take a short here unless I was already in one higher up.. here's why...
Patience + Discipline - Greed = Success
  • #105,479
  • Dec 9, 2008 8:15am Dec 9, 2008 8:15am
Start building my Long
I Deeply Love My Virtual Life In Virtual World , RLC
  • #105,480
  • Dec 9, 2008 8:20am Dec 9, 2008 8:20am
Quoting lexazver
likely pullback to 1.4760s area and then continue to the upside imho. will be looking to long in 1.4750-60 range with stop at 40
went long at 63 stop at 53 lets see now
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