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Cable Update (GBPUSD)

  • #106,121
  • Dec 11, 2008 8:25am Dec 11, 2008 8:25am
Quoting lexazver
wanted to short it at 1.2456 but got scared (

yes that was the trade to take bearish diverence and triple top however i do think its found a support to bounce from possibly
  • #106,122
  • Dec 11, 2008 8:33am Dec 11, 2008 8:33am
G/U price action today tells me that it wants to follow its younger counterpart euro but there are those that keep selling it as the trend is down ( and people rather diversify into euros than pound these days) but looks like the sentiment might be changing slowly ,as 1h and 15m candles indicate ,everytime it got sold buyers stepped in to push it back up so i think we should see at least 1.5 by the close and possibly 1.5050-1.51.

Anothing thing to look at is dollar index it finally broke its up trend line and forming shampooo

abit off topic - perfect set up on audusd today quadruple top and it finally broke out today.
  • #106,123
  • Dec 11, 2008 8:36am Dec 11, 2008 8:36am
Quoting lexazver
wanted to short it at 1.2456 but got scared (
i had a short at 1.25 but closed it for +2...
When life gives you lemons, make lemonade
  • #106,124
  • Dec 11, 2008 8:53am Dec 11, 2008 8:53am
missed my entry by 3 pips now i dunno
When life gives you lemons, make lemonade
  • #106,125
  • Dec 11, 2008 8:55am Dec 11, 2008 8:55am
all i can say is craaaaaazyness. once again it bounced off the bottom
  • #106,126
  • Dec 11, 2008 8:59am Dec 11, 2008 8:59am
ok im in.. dont it on ur own risk i might lose
When life gives you lemons, make lemonade
  • #106,127
  • Dec 11, 2008 9:12am Dec 11, 2008 9:12am
choppy choppy horrible horrible markets today. I was very lucky to come out on top. Im going out soon so its prob gonna make a 300 pip run for it very soon
  • #106,128
  • Dec 11, 2008 9:16am Dec 11, 2008 9:16am
Quoting PipLand
choppy choppy horrible horrible markets today. I was very lucky to come out on top. Im going out soon so its prob gonna make a 300 pip run for it very soon
one could have made thousand pips scalping the range hehehe but who dares!!!
When life gives you lemons, make lemonade
  • #106,129
  • Dec 11, 2008 9:24am Dec 11, 2008 9:24am
Quoting micho
one could have made thousand pips scalping the range hehehe but who dares!!!
Yeah I did a little but only on the really good opportunities.

Hindsight eh. If I knew it was gonna range I would have done exactly that all day.

I will be seeking out some better pairs for next week, spending too much time on cable, I felt so safe with cable up until today.
  • #106,130
  • Dec 11, 2008 9:49am Dec 11, 2008 9:49am
Strong push here now that we're stop loss hunting.
  • #106,131
  • Dec 11, 2008 9:54am Dec 11, 2008 9:54am
Quoting Infinity
That's right bro! Euro is leading the pack right now...

I went long last night based on the daily tl... It seemed we had broken to the upside (could turn out to be a fakeout).... today's close will be very crucial but I think we are going to see a big rally going into next week... the crucial downside level for me is just around 1.4800.... upside 1.5000...
Not a fakeout... this is the real shit... buy dips...
Patience + Discipline - Greed = Success
  • #106,132
  • Dec 11, 2008 10:15am Dec 11, 2008 10:15am
shorted at 5062... this market cant go much more north... top of the range
  • #106,133
  • Dec 11, 2008 10:17am Dec 11, 2008 10:17am
whats happening people ?

So the world is safe after all and the DOW can go up and the dollar resume its downward ?

cable at 2.14 ?

One swallow does not make a spring as linda lovelace used to say

popped a little short on at 1.5080 just to nick a little retrace

Credulity is our biggest enemy right now

There are still sharks in the water
  • #106,134
  • Dec 11, 2008 10:19am Dec 11, 2008 10:19am
Quoting mpurdy1973
shorted at 5062... this market cant go much more north... top of the range
i have a short on EURUSD at 1.3294, already -60 but still in it... will look to add more with tight stop loss at 1.3412 if it reached there
When life gives you lemons, make lemonade
  • #106,135
  • Dec 11, 2008 10:23am Dec 11, 2008 10:23am
Quoting allserene
whats happening people ?

So the world is safe after all and the DOW can go up and the dollar resume its downward ?

cable at 2.14 ?

One swallow does not make a spring as linda lovelace used to say

popped a little short on at 1.5080 just to nick a little retrace

Credulity is our biggest enemy right now

There are still sharks in the water
Great entry! I released most of my longs at 5075.. I will buy again lower..
5320 is on the horizon...
Patience + Discipline - Greed = Success
  • #106,136
  • Dec 11, 2008 10:25am Dec 11, 2008 10:25am
Quoting micho
i have a short on EURUSD at 1.3294, already -60 but still in it... will look to add more with tight stop loss at 1.3412 if it reached there
Be careful Micho...EU looks like it has a date with 1.3500... I hope you get out positive bro..
Patience + Discipline - Greed = Success
  • #106,137
  • Dec 11, 2008 10:29am Dec 11, 2008 10:29am
Quoting Infinity
Great entry! I released most of my longs at 5075.. I will buy again lower..
5320 is on the horizon...
I am a lucky git !

My router has bust and by the time i figured it and set up a direct connection into my computer, the full rise had stopped

scalping short doing well but not leaving the house to get a new router until this mini retrace stalls
  • #106,138
  • Dec 11, 2008 10:29am Dec 11, 2008 10:29am
Quoting Infinity
Be careful Micho...EU looks like it has a date with 1.3500... I hope you get out positive bro..
i will try been in worse positions before, euro seems nice to trade not crazy like cable hahah
When life gives you lemons, make lemonade
  • #106,139
  • Dec 11, 2008 10:30am Dec 11, 2008 10:30am
Quoting micho
i have a short on EURUSD at 1.3294, already -60 but still in it... will look to add more with tight stop loss at 1.3412 if it reached there
you might as well take the loss, the USD index broke serious support today, so BEWARE!!!
  • #106,140
  • Dec 11, 2008 10:31am Dec 11, 2008 10:31am
Quoting micho
i will try been in worse positions before, euro seems nice to trade not crazy like cable hahah
It can be a bitch just the same...
Patience + Discipline - Greed = Success
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