Been thinking that the market's current obsession with seeing eur/gbp parity will be bearish for gbp/usd until their done playing that game. I don't trade fundies, but I like to keep my ear to the ground. Any thoughts?
Cable Update (GBPUSD)
- #108,682
- Dec 28, 2008 3:38pm Dec 28, 2008 3:38pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #108,685
- Dec 28, 2008 6:29pm Dec 28, 2008 6:29pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
USD Est Non Mortuus
- #108,686
- Dec 28, 2008 6:45pm Dec 28, 2008 6:45pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
This week i'm looking for an overshoot of weekly support1 and taking profit at 1.4518.
HOLLA
- #108,687
- Dec 28, 2008 6:50pm Dec 28, 2008 6:50pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #108,688
- Dec 28, 2008 7:07pm Dec 28, 2008 7:07pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
I am not sure if I will be trading this week.... but I see this as a possibility...
Volume is thin though so anything is possible... if we break 4642 we could retest 4470
I'm only looking for my setups this week. I'm currently short from 4730, took some profit and locked in the rest @ 4728. Would love to see her hit that target!
HOLLA
- #108,689
- Dec 28, 2008 7:21pm Dec 28, 2008 7:21pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
What's up bro, hope your holidays are treating you well.
I'm only looking for my setups this week. I'm currently short from 4730, took some profit and locked in the rest @ 4728. Would love to see her hit that target!
HOLLA
Great entry off that 1h 50sma!! I probably would have taken that short as well if I was around when it hit. I am currently on the sides and may be here for the rest of this week but that could change... Good luck with your trades bro!!
Patience + Discipline - Greed = Success
- #108,690
- Dec 28, 2008 7:26pm Dec 28, 2008 7:26pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Hey bro, it's been a great holiday period for me as I was able to spend quality time with my family. I hope you are having a wonderful time as well bro...
Great entry off that 1h 50sma!! I probably would have taken that short as well if I was around when it hit. I am currently on the sides and may be here for the rest of this week but that could change... Good luck with your trades bro!!
I'm having a wonderful time this holiday season also, spending it with the family, doing some partying and setting goals for next year!
HOLLA
- #108,691
- Dec 28, 2008 9:11pm Dec 28, 2008 9:11pm
took the 21 ema short, closed for small loss on the exit signal, then it came back to b/e... but I stuck to my rules and did exit.. so I pat myself on the back for that 
Got two more signals for shorts on h1 (1.4695) and m15 (1.4685)... both turned profit and now back to profit for the week. I took profit early.. but I think the range here gives credence to doing that.
In retrospect I probably shouldn't have taken the first 21 ema trade because it was so close to the support it gapped above... but hey... just took the entry based on the rules... Just proves to me no more H1 trades until it breaks out of this area for a bit.
To bed I go... good luck out there.
Got two more signals for shorts on h1 (1.4695) and m15 (1.4685)... both turned profit and now back to profit for the week. I took profit early.. but I think the range here gives credence to doing that.
In retrospect I probably shouldn't have taken the first 21 ema trade because it was so close to the support it gapped above... but hey... just took the entry based on the rules... Just proves to me no more H1 trades until it breaks out of this area for a bit.
To bed I go... good luck out there.
DireXiv
Make it happen, no one
else is going to do it for you...
- #108,692
- Dec 28, 2008 9:36pm Dec 28, 2008 9:36pm
- | Commercial User | Joined Mar 2008 | 9,075 Posts
With the thick vol coming in...
I foresee Downside is limited... I am not in Long yet thou...wait till my Wave Analysis...signal for that...
Howday.. Infinity...
Sonic
I foresee Downside is limited... I am not in Long yet thou...wait till my Wave Analysis...signal for that...
Howday.. Infinity...
Sonic
- #108,693
- Dec 28, 2008 10:07pm Dec 28, 2008 10:07pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Another 350 pips EUR will be on par with GBP
