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Cable Update (GBPUSD)

  • #107,601
  • Dec 17, 2008 9:46am Dec 17, 2008 9:46am
Quoting Infinity
You seem to be a good trader but you are a tad too overconfident imo.. I am never cocky about a position even if everything is pointing that direction. You must always expect the unexpected and set stops accordingly...This market will humble anyone who thinks they got it all figured out...

Great trading otherwise though....
Oh this is so true....

That's why I always remain humble!!!!

HOLLA
  • #107,602
  • Dec 17, 2008 9:48am Dec 17, 2008 9:48am
Quoting eohater
Nothing wrong with trading the news. It's not my style.
I dont normally either i just took a quick scalp against GU as it was slow to react compared to oil action
  • #107,603
  • Dec 17, 2008 9:48am Dec 17, 2008 9:48am
morning short arses ! Hope you had your overnight s/l's on....

looks like a fun day but its coffee and biccy time first
  • #107,604
  • Dec 17, 2008 9:51am Dec 17, 2008 9:51am
Quoting Turtle
Not yet bro...

I got a couple of runners, but I got this Oct 24th feeling...let's see what happens.

HOLLA
I got ya bro!! this h1 close is crucial though and the day close even more so!! You got an excellent entry though so nothing to worry about....
Patience + Discipline - Greed = Success
  • #107,605
  • Dec 17, 2008 9:55am Dec 17, 2008 9:55am
Quoting micho
now first target for cable 1.5564... short term
second target 1.5763 (i doubt but who knows)
reached tp1 now probably down
When life gives you lemons, make lemonade
  • #107,606
  • Dec 17, 2008 9:56am Dec 17, 2008 9:56am
Quoting Infinity
I got ya bro!! this h1 close is crucial though and the day close even more so!! You got an excellent entry though so nothing to worry about....
That's what I'm waiting for bro, to see if she closes above the 1hr 10sma.

HOLLA
  • #107,607
  • Dec 17, 2008 9:56am Dec 17, 2008 9:56am
Quoting micho
reached tp1 now probably down
Great stuff Micho!!
Patience + Discipline - Greed = Success
  • #107,608
  • Dec 17, 2008 9:57am Dec 17, 2008 9:57am
Quoting Turtle
That's what I'm waiting for bro, to see if she closes above the 1hr 10sma.

HOLLA
She better get her ass in flight.
Just digging in the trenches like everyone else!
  • #107,609
  • Dec 17, 2008 10:00am Dec 17, 2008 10:00am
Quoting eohater
She better get her ass in flight.
Massive bearish pin on the close...
.... but I don't trust it....
Patience + Discipline - Greed = Success
  • #107,610
  • Dec 17, 2008 10:00am Dec 17, 2008 10:00am
Quoting Infinity
Great stuff Micho!!
When life gives you lemons, make lemonade
  • #107,611
  • Dec 17, 2008 10:01am Dec 17, 2008 10:01am
Quoting Infinity
Massive bearish pin on the close...
I'd say!! I cannot believe the strength the dollar is still showing. Bernake just fires up the printing press and the value goes up. How the hell can he defy the laws of economics?
Just digging in the trenches like everyone else!
  • #107,612
  • Dec 17, 2008 10:06am Dec 17, 2008 10:06am
Quoting Infinity
Massive bearish pin on the close...
.... but I don't trust it....
I can understand the non-trust in it! I'm considering a short depending upon the 15m close. We get half way up the wick and a I think I will play a little short on her ass.
Just digging in the trenches like everyone else!
  • #107,613
  • Dec 17, 2008 10:06am Dec 17, 2008 10:06am
Quoting Infinity
Massive bearish pin on the close...
.... but I don't trust it....
Still in.....

She's trying to catch that euro....

HOLLA
  • #107,614
  • Dec 17, 2008 10:10am Dec 17, 2008 10:10am
Quoting eohater
I can understand the non-trust in it! I'm considering a short depending upon the 15m close. We get half way up the wick and a I think I will play a little short on her ass.
Funny how the middle of the wick of the 1h is where the 15m 50sma is lying....hmmmmm
Just digging in the trenches like everyone else!
  • #107,615
  • Dec 17, 2008 10:11am Dec 17, 2008 10:11am
At this rate EUR and GBP will be on par soon
  • #107,616
  • Dec 17, 2008 10:11am Dec 17, 2008 10:11am
Quoting Turtle
Still in.....

She's trying to catch that euro....

HOLLA
Great decision making bro!! I think long is still the way to go!!

Quoting eohater
I can understand the non-trust in it! I'm considering a short depending upon the 15m close. We get half way up the wick and a I think I will play a little short on her ass.
My mistrust just gave me another 65 pips on this baby!!! I went long on the little dip...

I have to go on the road now so good luck with your trades guys and remember.... all for one, one for all!!!
Patience + Discipline - Greed = Success
  • #107,617
  • Dec 17, 2008 10:12am Dec 17, 2008 10:12am
now maybe 1.5338

When life gives you lemons, make lemonade
  • #107,618
  • Dec 17, 2008 10:12am Dec 17, 2008 10:12am
Quoting Infinity
Massive bearish pin on the close...
.... but I don't trust it....
Me neither... not with that massive bullish 4H pin right there...
  • #107,619
  • Dec 17, 2008 10:13am Dec 17, 2008 10:13am
Quoting Infinity
Great decision making bro!! I think long is still the way to go!!


My mistrust just gave me another 65 pips on this baby!!! I went long on the little dip...

I have to go on the road now so good luck with your trades guys and remember.... all for one, one for all!!!
We'll ride again later bro!

Have a great day!
Just digging in the trenches like everyone else!
  • #107,620
  • Dec 17, 2008 10:13am Dec 17, 2008 10:13am
Quoting eohater
Funny how the middle of the wick of the 1h is where the 15m 50sma is lying....hmmmmm
Also the top of a channel which cable appears to have fallen into
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