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Cable Update (GBPUSD)

  • #109,281
  • Jan 6, 2009 4:54am Jan 6, 2009 4:54am
Quoting trader2160
Hi all.I went short at 1.4709.She just doesnt want to go down.
Had you asked this question an hour ago, I'd probably say yes with that pin on the 1H TF.

BUT if the current 4H candle closes (Alpari feed) as Bullish Engulfing we will probably see price going to 1.487X as a first target where a Fib lies.
  • #109,282
  • Jan 6, 2009 4:56am Jan 6, 2009 4:56am
Quoting trader2160
Hi all.I went short at 1.4709.She just doesnt want to go down.
grabbed a couple of pips there, didn't ya ?
Twitter: @forexpokerpro
  • #109,283
  • Jan 6, 2009 4:57am Jan 6, 2009 4:57am
Quoting Vourvoul
Had you asked this question an hour ago, I'd probably say yes with that pin on the 1H TF.

BUT if the current 4H candle closes (Alpari feed) as Bullish Engulfing we will probably see price going to 1.487X as a first target where a Fib lies.
Not a question just an observation.She was being a little stuborn.There she goes now.
  • #109,284
  • Jan 6, 2009 5:00am Jan 6, 2009 5:00am
Quoting BBPI_fxtrader
grabbed a couple of pips there, didn't ya ?
yeah 50 was about enough for that trade.
  • #109,285
  • Jan 6, 2009 5:01am Jan 6, 2009 5:01am
Quoting trader2160
Hi all.I went short at 1.4709.She just doesnt want to go down.
Now is a good time to unload your short before she decide to move up again
  • #109,286
  • Jan 6, 2009 5:01am Jan 6, 2009 5:01am
strong support at the 1.4600 level. I stil favour the long to 1.4830.
May even go to 1.4900.
I dont trade the news so this is why my view is different to a lot of you guys.
  • #109,287
  • Jan 6, 2009 5:04am Jan 6, 2009 5:04am
Quoting Vourvoul
Had you asked this question an hour ago, I'd probably say yes with that pin on the 1H TF.

BUT if the current 4H candle closes (Alpari feed) as Bullish Engulfing we will probably see price going to 1.487X as a first target where a Fib lies.
I do agree theres room to the upside esp since eur/gbr has no decent support in the short term.
  • #109,288
  • Jan 6, 2009 5:27am Jan 6, 2009 5:27am
Quoting trader2160
I do agree theres room to the upside esp since eur/gbr has no decent support in the short term.
eur/gbp might finally be finding some support!! lol
  • #109,289
  • Jan 6, 2009 5:35am Jan 6, 2009 5:35am
Quoting PipLand
eur/gbp might finally be finding some support!! lol
Hey buddy whats up.
  • #109,290
  • Jan 6, 2009 5:39am Jan 6, 2009 5:39am
Quoting PipLand
eur/gbp might finally be finding some support!! lol
Its been a good day for scalping
  • #109,291
  • Jan 6, 2009 5:50am Jan 6, 2009 5:50am
Quoting trader2160
Its been a good day for scalping
Hey hows it going, yeah its been quite good on the whole apart from cable stopping me out earlier .

oh well ive got this thing short now, dunno to TP or hold on a bit longer
  • #109,292
  • Jan 6, 2009 5:54am Jan 6, 2009 5:54am
Quoting PipLand
Hey hows it going, yeah its been quite good on the whole apart from cable stopping me out earlier .

oh well ive got this thing short now, dunno to TP or hold on a bit longer
Where did you short?
  • #109,293
  • Jan 6, 2009 6:04am Jan 6, 2009 6:04am
both GU and EU are heading south . . .

patience is what i need
  • #109,294
  • Jan 6, 2009 6:06am Jan 6, 2009 6:06am
Quoting trader2160
Where did you short?
I got shorts from 4680, ive closed half and looks like the other half will prob get stopped out oh well cant complain
  • #109,295
  • Jan 6, 2009 6:16am Jan 6, 2009 6:16am
think we will breifly be going north again.
Keep It Simple Stupid
  • #109,296
  • Jan 6, 2009 6:26am Jan 6, 2009 6:26am
Quoting Alastair
think we will breifly be going north again.
NOOOOOOOOOOOOOO, dont say that not up again
  • #109,297
  • Jan 6, 2009 6:42am Jan 6, 2009 6:42am
happy new year lads,
could someone tell me how i can remove the extra digit from my vertical scale. Im using metatrader 4.

i.e. 1.46060 - the zero i have highlighted.
  • #109,298
  • Jan 6, 2009 7:05am Jan 6, 2009 7:05am
Quoting PipLand
I got shorts from 4680, ive closed half and looks like the other half will prob get stopped out oh well cant complain
i would keep that short..i reckon it would give u 300-400 pips if u hold it for a week ....
  • #109,299
  • Jan 6, 2009 7:08am Jan 6, 2009 7:08am
the next highest probability trend is down . . .right?
  • #109,300
  • Jan 6, 2009 7:10am Jan 6, 2009 7:10am
Quoting nAVIN2007
i would keep that short..i reckon it would give u 300-400 pips if u hold it for a week ....
its making me happpy already
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