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Cable Update (GBPUSD)

  • #107,301
  • Dec 16, 2008 4:24pm Dec 16, 2008 4:24pm
Quoting steelhead
Hope everyone made money today. As i had talked about all week that I wouldnt take shorts until above the 1.5500 area since that was a big resistance area.

That area broke and gave a great four hour solid candle close at 4est.

Patience is the name of the game
So your short with me! Good to hear!
Just digging in the trenches like everyone else!
  • #107,302
  • Dec 16, 2008 4:26pm Dec 16, 2008 4:26pm
Congratz to all who piles money by long gain, we are all the solid team here !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #107,303
  • Dec 16, 2008 4:32pm Dec 16, 2008 4:32pm
Quoting eohater
So your short with me! Good to hear!

I actually shorted the e/u same setup though. Gotta love the four hour solid bullish candle for a sell.
  • #107,304
  • Dec 16, 2008 4:35pm Dec 16, 2008 4:35pm
Quoting steelhead
I actually shorted the e/u same setup though. Gotta love the four hour solid bullish candle for a sell.
She wasn't as solid as I would like for her to be, but I'm in it, so I can't change it now. She could be setting us up for an ass whipping!
Just digging in the trenches like everyone else!
  • #107,305
  • Dec 16, 2008 4:41pm Dec 16, 2008 4:41pm
Quoting manize
Congratz to all who piles money by long gain, we are all the solid team here !
Hoots mon !

just made some more on a long

shorts schmorts is what I say - thats only for scalping when it dithers and profits are taken

I reckon the euro / cable has no clothes either but dont tell anyone just now

by 1st jan I will have 2 positions like him on CNBC

a cash
b foetal
  • #107,306
  • Dec 16, 2008 4:47pm Dec 16, 2008 4:47pm
Quoting eohater
She wasn't as solid as I would like for her to be, but I'm in it, so I can't change it now. She could be setting us up for an ass whipping!
I hope retraces till at least fibo 23.6 as usual bro, I still hold short !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #107,307
  • Dec 16, 2008 5:01pm Dec 16, 2008 5:01pm
Quoting eohater
She wasn't as solid as I would like for her to be, but I'm in it, so I can't change it now. She could be setting us up for an ass whipping!

Took some profit at +130 rest is at b/e so its a winning trade no matter what happens. Now its also a stress free trade.

If g/u and e/u come back up I will short again.
  • #107,308
  • Dec 16, 2008 5:07pm Dec 16, 2008 5:07pm
good afternoon all, time to sleep now....

root bloody pips. good luck all!
  • #107,309
  • Dec 16, 2008 5:10pm Dec 16, 2008 5:10pm
Looks like this small dip under 1.56 is an opportunity for a long.
The cable is significantly below today's peak (after the rate cut).
Is it a chance to but?
What do you think?
  • #107,310
  • Dec 16, 2008 5:17pm Dec 16, 2008 5:17pm
Quoting Yohay
Looks like this small dip under 1.56 is an opportunity for a long.
The cable is significantly below today's peak (after the rate cut).
Is it a chance to but?
What do you think?
No no no no no no and did i mention no. Now isnt the place for longs.
  • #107,311
  • Dec 16, 2008 5:17pm Dec 16, 2008 5:17pm
Quoting manize
I hope retraces till at least fibo 23.6 as usual bro, I still hold short !
I'm holding short, to the target of 1.5544. Is that going to make it or should I get out now?

Are we still shorting for now?

-Angie
  • #107,312
  • Dec 16, 2008 5:23pm Dec 16, 2008 5:23pm
Short above 1.5600
  • #107,313
  • Dec 16, 2008 5:24pm Dec 16, 2008 5:24pm
Quoting Subdude
Short above 1.5600
Well, I've already been shorting. I sold short at 1.5572
  • #107,314
  • Dec 16, 2008 5:47pm Dec 16, 2008 5:47pm
Quoting angierosed
I'm holding short, to the target of 1.5544. Is that going to make it or should I get out now?

Are we still shorting for now?

-Angie
If I were you, I locked in any green pips, and watch till where she will down. Any clue no more down close, it can be at fibo 23.6 ( 1.5545) or fibo 38.2 (1.5485) or more down I don't know !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #107,315
  • Dec 16, 2008 5:49pm Dec 16, 2008 5:49pm
Quoting angierosed
Well, I've already been shorting. I sold short at 1.5572
Rather risky your posistion !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #107,316
  • Dec 16, 2008 5:56pm Dec 16, 2008 5:56pm
There's some downward event risk overnight. BOE minutes and jobless totals.

First will reiterate the need for more rate cuts, jobless - who knows.

All depends on whether the market realises that UK will follow the Fed.
  • #107,317
  • Dec 16, 2008 6:00pm Dec 16, 2008 6:00pm
Hi all,

I have been reading this thread for quite sometimes now, and I have learn alot from here. This is my very first post just to say hi to everyone. What a great day with pips flying like a rocket, hope everyone take what you were long waiting for ... pips.

BullFX was quite good predicted today

btw, who are shorting? I am short from 15600 with 50 SL.

SteelHead: When did you short and what is your SL? I do like your style of trading, but got to follow you for quite sometimes then.

EOHater, Turtle and Infinity: you guys are great, what are tri-stars with great experiences, hope I would be like you guys one day.

Micho: don't tell me you would ditch the cable to move to E/U

Nav: I like your posts, whatever up or down your express it out, keep cool dude.

Plus many others I can't name out.

Hope you guys fo great trading and get lots of pips, and hope that I can learn many experiences from you guys.

Cheers,
Many happy pips returned ...
  • #107,318
  • Dec 16, 2008 6:07pm Dec 16, 2008 6:07pm
Quoting m0N5Ta
Hi all,

I have been reading this thread for quite sometimes now, and I have learn alot from here. This is my very first post just to say hi to everyone. What a great day with pips flying like a rocket, hope everyone take what you were long waiting for ... pips.

BullFX was quite good predicted today

btw, who are shorting? I am short from 15600 with 50 SL.

SteelHead: When did you short and what is your SL? I do like your style of trading, but got to follow you for quite sometimes then.

EOHater, Turtle and Infinity: you guys are great,...
Welcome Limey player !

now go to bed - you will need a clear head for tomorrow....
  • #107,319
  • Dec 16, 2008 6:09pm Dec 16, 2008 6:09pm
Quoting angierosed
I'm holding short, to the target of 1.5544. Is that going to make it or should I get out now?

Are we still shorting for now?

-Angie

Angie trade for yourself dont come on here looking to get trade calls.

Do the analysis and make up your own mind stop following blindly folks you dont know.

Even if you do its hard to repeat the same entries and exits that others have.

Good luck
  • #107,320
  • Dec 16, 2008 6:10pm Dec 16, 2008 6:10pm
Quoting allserene
Welcome Limey player !

now go to bed - you will need a clear head for tomorrow....

Thank you, have a good night.
Many happy pips returned ...
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