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Cable Update (GBPUSD)

  • #109,201
  • Jan 5, 2009 1:26pm Jan 5, 2009 1:26pm
Quoting AmeriTrini
It's just a matter of, when.?

Currently, I think it is just gathering momentum.
I don't disagree with you... I expected to see this area though not so soon....
Patience + Discipline - Greed = Success
  • #109,202
  • Jan 5, 2009 1:30pm Jan 5, 2009 1:30pm
Quoting Infinity
I don't disagree with you... I expected to see this area though not so soon....
I don't even know why it's going up.........all I know, is that its going up...lol
  • #109,203
  • Jan 5, 2009 1:32pm Jan 5, 2009 1:32pm
I reckon we could see a little H&S on the 15min soon
  • #109,204
  • Jan 5, 2009 1:32pm Jan 5, 2009 1:32pm
Quoting Infinity
It's possible....
Anything is possible in forex
  • #109,205
  • Jan 5, 2009 1:33pm Jan 5, 2009 1:33pm
weekly R1 at 1.4745 and coming up on last daily high... looking for m15 or m5 PA to get in short
DireXiv Make it happen, no one else is going to do it for you...
  • #109,206
  • Jan 5, 2009 1:38pm Jan 5, 2009 1:38pm
Quoting AmeriTrini
I don't even know why it's going up.........all I know, is that its going up...lol
I know what you mean..
Patience + Discipline - Greed = Success
  • #109,207
  • Jan 5, 2009 1:39pm Jan 5, 2009 1:39pm
I have my eyes on two trades pending...

Now that the gbpusd is on track long..with s/l secuing profits..

I've taken the usdchf up to 1.1125 level...its either going to

  1. break that level and head for 1.1550...or
  2. retrace ~ at least 100 pips down.
  3. then reset for new long upward

Good Luck

  • #109,208
  • Jan 5, 2009 1:41pm Jan 5, 2009 1:41pm
is she running out of steam or building u for another attack??
Keep It Simple Stupid
  • #109,209
  • Jan 5, 2009 1:42pm Jan 5, 2009 1:42pm
Quoting Infinity
I know what you mean..

what happened to EO?
  • #109,210
  • Jan 5, 2009 1:46pm Jan 5, 2009 1:46pm
took a short at 4720 with stop at 37, now lets see.

ed: if it decides to go up gonna short it at 4780, 4800 and up to 49 if i have to
  • #109,211
  • Jan 5, 2009 1:49pm Jan 5, 2009 1:49pm
Quoting AmeriTrini
what happened to EO?
He's silently nailing the pips.....
Patience + Discipline - Greed = Success
  • #109,212
  • Jan 5, 2009 1:49pm Jan 5, 2009 1:49pm
Quoting AmeriTrini
what happened to EO?
I'm here!
Just digging in the trenches like everyone else!
  • #109,213
  • Jan 5, 2009 1:49pm Jan 5, 2009 1:49pm
Quoting Infinity
He's silently nailing the pips.....
Exactly!
Just digging in the trenches like everyone else!
  • #109,214
  • Jan 5, 2009 1:50pm Jan 5, 2009 1:50pm
Quoting eohater
Exactly!
Patience + Discipline - Greed = Success
  • #109,215
  • Jan 5, 2009 1:53pm Jan 5, 2009 1:53pm
Quoting JammerJams
I have my eyes on two trades pending...

Now that the gbpusd is on track long..with s/l secuing profits..

I've taken the usdchf up to 1.1125 level...its either going to

  1. break that level and head for 1.1550...or
  2. retrace ~ at least 100 pips down.
  3. then reset for new long upward

Good Luck

You ought to have a look at the No Brainer Trades thread as your thinking here has good parallels with that approach.

I'm looking for USDCHF to break the s/r range of 11084-11138 to stand any chance of going up to 11550.

Or a nice retrace!
Attached Image (click to enlarge)
Click to Enlarge Name: 050109USDCHF.jpg Size: 187 KB
  • #109,216
  • Jan 5, 2009 2:19pm Jan 5, 2009 2:19pm
closed 3/4 of my shorts at 84 the rest is at BE+2
  • #109,217
  • Jan 5, 2009 2:24pm Jan 5, 2009 2:24pm
Quoting lexazver
closed 3/4 of my shorts at 84 the rest is at BE+2
covered the rest at 70, finally dayly target achieved.
  • #109,218
  • Jan 5, 2009 2:48pm Jan 5, 2009 2:48pm
Quoting Vourvoul
It's always a bad time to be greedy...

It can go either way...

1H Cable:
that chart is beutiful nice and simple
  • #109,219
  • Jan 5, 2009 3:09pm Jan 5, 2009 3:09pm
Quoting Vourvoul
It's always a bad time to be greedy...

It can go either way...

1H Cable:

No it can't go either way, from the look of that chart, it can only go one way to me.
  • #109,220
  • Jan 5, 2009 3:19pm Jan 5, 2009 3:19pm
USD seems to getting stronger and cable is going up.....lol just goes to show anything goes..
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