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Cable Update (GBPUSD)

  • #8,281
  • Mar 14, 2007 10:36am Mar 14, 2007 10:36am
Quoting 59fender
need to see a break above 1.9362 to continue highershould see a pullback then another attempt higher
Currently at 1hr 250EMA an usual place to bounce. 15M blown up already... Time for some consolidation, I suspect.

I'm all out of the market awaiting stock market definition. NYSE trading mixed yet - which was good enough to kick all pairs up.

1hr closing pin bar and we're back to good old range
  • #8,282
  • Mar 14, 2007 10:45am Mar 14, 2007 10:45am
Quoting cesarnc
All TPed
take the money and run are you happy now?
  • #8,283
  • Mar 14, 2007 10:47am Mar 14, 2007 10:47am
I'm long to target 9470-9480 for tomorrow and then higher for the next days, up to 9550, before any downtrend will continue. That was my target since the next day after the asian selloff. But this sideway sh*t freaked me out.
  • #8,284
  • Mar 14, 2007 10:50am Mar 14, 2007 10:50am
btw no one should be following my trading advice,since I'm not giving it as advice, just letting you guys know what I'm doing, I've only been doing this for a year and GBPUSD has been the only pair that has a tendency for burning me and going the opposite of what I think it should be doing.

oh and I also TP on my euro longs and am waiting to re-enter that currency once it decides what it's doing, but I'm thinking shorting Euro too.
  • #8,285
  • Mar 14, 2007 10:54am Mar 14, 2007 10:54am
Quoting 59fender
take the money and run are you happy now?
Ohh, but I am...
  • #8,286
  • Mar 14, 2007 10:59am Mar 14, 2007 10:59am
Quoting leelee75k

oh and I also TP on my euro longs and am waiting to re-enter that currency once it decides what it's doing, but I'm thinking shorting Euro too.
I'm waiting for definition at 3230s. There are reports of good sized stops at 3250 and hunting for them is likely in the upcoming hours...

I'm leaving a sell limit at 3245 (SL3290 / TP 3200) just in case, as I'm in and out of the computer.

CAble has to close below 9350 to confirm pin bar. 1 min to go, still uncertain.
  • #8,287
  • Mar 14, 2007 11:01am Mar 14, 2007 11:01am
Quoting cesarnc
CAble has to close below 9350 to confirm pin bar. 1 min to go, still uncertain.
Huge pin-bar, no 1hr candle closing at or above 9340 since y'day. This is "technical" for short, not a recommendation
  • #8,288
  • Mar 14, 2007 11:07am Mar 14, 2007 11:07am
I've got an itchy trigger finger today, I sold 1 Euro mini lot at 3233, willing to ride that up for at least 100 pips while adding shorts.
  • #8,289
  • Mar 14, 2007 11:09am Mar 14, 2007 11:09am
Quote
Huge pin-bar, no 1hr candle closing at or above 9340 since y'day. This is "technical" for short, not a recommendation
That would mean trading against the trend.
  • #8,290
  • Mar 14, 2007 11:10am Mar 14, 2007 11:10am
Quoting katzenhai2
That would mean trading against the trend.
I'm happy for you that you see a trend these days... I can't.
  • #8,291
  • Mar 14, 2007 11:12am Mar 14, 2007 11:12am
Quoting katzenhai2
@SunTrader:

Depends on how you measure the trading direction.
In every thread here I saw everyone believing it will go south as a wave 5 (subwave 3), breaking the last low. This pair is all about bluff and mask.
you need to go back and re read the posts
  • #8,292
  • Mar 14, 2007 11:14am Mar 14, 2007 11:14am
Lol both r right & thats beauty of this market ..............Well technically speaking there was upward moment but the fact is market went up & we have to accept that................Now question arise why market went up,well according to me wave on 4 hour chart have unfolded in to double ZIGZIG................Where W & X are completed & we r in sub wave A of wave wave Y which can be have target still 9360/96...................fuck this market took my 80 pips today..................hehehe..................Lols no one is right or wrong market alone is right & it is boss & it can unfold in any direction.................still lot to learn in life.
"Trade for sake of trading & not for winning or Lossing"
  • #8,293
  • Mar 14, 2007 11:16am Mar 14, 2007 11:16am
Quoting cesarnc

I'm leaving a sell limit at 3245 (SL3290 / TP 3200) just in case, as I'm in and out of the computer.
Triggered... wow, that was fast...
  • #8,294
  • Mar 14, 2007 11:17am Mar 14, 2007 11:17am
Quoting cesarnc
Triggered... wow, that was fast...

i sold another one there too
  • #8,295
  • Mar 14, 2007 11:17am Mar 14, 2007 11:17am
Quoting 59fender
we have a new low 1.9268 this is very bearish a test of 1.9200 seems likely
quote a test of 1.9200 seems likely a test not a breakout we need a funamental reason to break these ranges maybe friday maybe
  • #8,296
  • Mar 14, 2007 11:20am Mar 14, 2007 11:20am
Quoting leelee75k
i sold another one there too
Nice... Got reports saying USD/JPY will lead EURUSD on dollar related trading, since GBPUSD is yet much more "Yen" than "Dollar" for ages...

I still think that stabbing 3250+ is on the cards yet...
  • #8,297
  • Mar 14, 2007 11:21am Mar 14, 2007 11:21am
hedge funds are just playing arround,...they would have huge looses if they wouldnt long the junes contracts and sold the march after, yee thats it,...wtf at least its moving,...& we dont have to be really smart witch way,...thanks god we got only 2 directions...
its just money
  • #8,298
  • Mar 14, 2007 11:24am Mar 14, 2007 11:24am
thank god for only 2 directions...but has anyone here ever went both long and short on the same currency? someone told me that he uses that as his trading strategy, taking profit and adding positions, but it seems confusing and pointless to me to hedge yourself in the same currency.
  • #8,299
  • Mar 14, 2007 11:25am Mar 14, 2007 11:25am
Quoting de123
thanks god we got only 2 directions...
You forgot 'time', its a direction too.
  • #8,300
  • Mar 14, 2007 11:27am Mar 14, 2007 11:27am
Quoting katzenhai2
You forgot 'time', its a direction too.
But you don't have to pick between going to the future or to the past!

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