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Cable Update (GBPUSD)

  • #107,041
  • Dec 16, 2008 8:15am Dec 16, 2008 8:15am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Yeah well done man!!! kept me on my toes
  • #107,042
  • Dec 16, 2008 8:18am Dec 16, 2008 8:18am
Wasn't sure that I agreed initially but you certainly made me take a second look and saved me a load of pips too. Grab yourself a pip on me mate. Thank you


Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Ride the Bulls bearback!
  • #107,043
  • Dec 16, 2008 8:27am Dec 16, 2008 8:27am
Yoo bro, am i miss a train yet
GELORE
  • #107,044
  • Dec 16, 2008 8:28am Dec 16, 2008 8:28am
Quoting alcando
Wasn't sure that I agreed initially but you certainly made me take a second look and saved me a load of pips too. Grab yourself a pip on me mate. Thank you
At least someone is awake cause it sure isn't me.
oanda has no 4 hr chart only a 3.So where is the target for the H and S if were to drop.I went short with a SL
  • #107,045
  • Dec 16, 2008 8:32am Dec 16, 2008 8:32am
just today.. weee!! since morning 9am till now... GMT +8

3 years of learning, still green.. wonder if it will break 5390..


any singaporean here???
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Learn the words... speak the words
  • #107,046
  • Dec 16, 2008 8:33am Dec 16, 2008 8:33am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the 4h this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
How do you come to that perception?
  • #107,047
  • Dec 16, 2008 8:34am Dec 16, 2008 8:34am
it seems cable will hardly to go north.

i'm out
  • #107,048
  • Dec 16, 2008 8:38am Dec 16, 2008 8:38am
Setting alarm for the 2:30 news and hope for the motherload
  • #107,049
  • Dec 16, 2008 8:42am Dec 16, 2008 8:42am
Quoting Fly2
Setting alarm for the 2:30 news and hope for the motherload
isnt it 2:15??? you'll be asleep lol
  • #107,050
  • Dec 16, 2008 8:54am Dec 16, 2008 8:54am
1.5509
USD Est Non Mortuus
  • #107,051
  • Dec 16, 2008 8:54am Dec 16, 2008 8:54am
Quoting Shilva
double top on the 4h and H with possible head and shoulders forming

U.S rate cut today will be perceived as positive for economy and dollar will gain strength

classic set up on the H this morning...price broke TL yesterday, came back and touched it this morning and shot up to test the previous high and failed to break

I am short at 5375 with stop above 5400
Locked in profits quickly on this risk free trade.....possibly should of took the +75 when it was offered!
  • #107,052
  • Dec 16, 2008 8:57am Dec 16, 2008 8:57am
Quoting Shilva
Locked in profits quickly on this risk free trade.....possibly should of took the +75 when it was offered!
I'm glad your locked in positive, I'm long and looking for this to go even higher than 5450. I'm locked in positive as well, so neither one of us can loose!
Just digging in the trenches like everyone else!
  • #107,053
  • Dec 16, 2008 8:58am Dec 16, 2008 8:58am
Quoting LuckyLurker
1.5509
That would be nice!!
Just digging in the trenches like everyone else!
  • #107,054
  • Dec 16, 2008 9:02am Dec 16, 2008 9:02am
Quoting eohater
I'm glad your locked in positive, I'm long and looking for this to go even higher than 5450. I'm locked in positive as well, so neither one of us can loose!
Good job on those trades......

I've made quota for the day, so just watching right now!

HOLLA
  • #107,055
  • Dec 16, 2008 9:03am Dec 16, 2008 9:03am
Stopped out with +4...split with broker

If 5400 holds again, which it looks like it will i am going to short it for the 2nd time
  • #107,056
  • Dec 16, 2008 9:04am Dec 16, 2008 9:04am
just went short at 1.5371 with stop at 88 hope this works out big cheer to the bears rrrrrr.
  • #107,057
  • Dec 16, 2008 9:07am Dec 16, 2008 9:07am
hi guys...i was busy for those days...what is happening?! i see we maybe go to 1.55xx...i am preparing for huge short order to get my expense for this week, maybe at 1.5500
what you get in the wind goes through the storms
  • #107,058
  • Dec 16, 2008 9:12am Dec 16, 2008 9:12am
Quoting Turtle
Good job on those trades......

I've made quota for the day, so just watching right now!

HOLLA
Sweet brother! This is my first and probably only trade I'll take today. I'm not too worried about it today. Either I'll hit some good profit or walk away with a cup of java (either way, I can't loose)

You played the short off of yesterday's high didn't you? That was a good move. I was in the shower so missed the opportunity, but took the long off the 15m 10ema when she failed to close below it from the bounce.

Good job on meeting today's quota! That makes the rest of the day easy!! Trade if you have a perfect setup or go and have family time. Your on it brother!!
Just digging in the trenches like everyone else!
  • #107,059
  • Dec 16, 2008 9:13am Dec 16, 2008 9:13am
I;m flat...

The dollar is taking a beating on all fronts...

If I were to go long I'd choose the Euro due to the PA of Eur/Gbp...

Best to stay out!

Good Luck all !!!
  • #107,060
  • Dec 16, 2008 9:20am Dec 16, 2008 9:20am
Quoting eohater
Sweet brother! This is my first and probably only trade I'll take today. I'm not too worried about it today. Either I'll hit some good profit or walk away with a cup of java (either way, I can't loose)

You played the short off of yesterday's high didn't you? That was a good move. I was in the shower so missed the opportunity, but took the long off the 15m 10ema when she failed to close below it from the bounce.

Good job on meeting today's quota! That makes the rest of the day easy!! Trade if you have a perfect setup or go and have family time....
Actually I went long @ 5310, picked up 26 pips.

Will probably call it a day and go finish my Christmas shopping and then see what the fall out of the Fed decision, looks like she might be slowing down some.

Great job on your trades today!

HOLLA
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