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Cable Update (GBPUSD)

  • #109,521
  • Jan 6, 2009 6:52pm Jan 6, 2009 6:52pm
Quoting Bullfx
Short GU, TP at 1.47
are u sure? why you think it wont up anymore?
  • #109,522
  • Jan 6, 2009 7:01pm Jan 6, 2009 7:01pm
Because my dear friend 4 hr candle (Eastern time) is closing below 1.4895.......so T3 might have the potential to go down as low as 1.4630

Happy New Year my dear friends......
  • #109,523
  • Jan 6, 2009 7:04pm Jan 6, 2009 7:04pm
Quoting trader2160
easy bro.I did sell close to the high.I also have a short 40 pips below here but its all good.Im already in the green.

If your short is 40 pips below this you are not in the green on that trade. Why not just let the trade from the top work instead of selling at a area you shouldnt.

Plus I was only asking the reasoning or selling at 4890
  • #109,524
  • Edited 7:19pm Jan 6, 2009 7:08pm | Edited 7:19pm
Quoting asyed4
Because my dear friend 4 hr candle (Eastern time) is closing below 1.4895.......so T3 might have the potential to go down as low as 1.4630

Happy New Year my dear friends......
Yes, I GU can free fall to even 1.43 at any time. So it is safe to go short only, Anyone dare long?
Give me patience
  • #109,525
  • Jan 6, 2009 7:11pm Jan 6, 2009 7:11pm
steelhead are you still short in AU?
  • #109,526
  • Jan 6, 2009 7:13pm Jan 6, 2009 7:13pm
Quoting lexazver
steelhead are you still short in AU?

Im flat right now on everything. Lookin for short on g/u and g/j but not at these levels.
  • #109,527
  • Edited 7:51pm Jan 6, 2009 7:13pm | Edited 7:51pm
"UK Rate decision in focus as economy weakens
Analysts polled by Reuters expect the Bank of England to cut interest rates by at least half a percentage point on Thursday, taking them to their lowest level since records began 300 years ago.
Money markets show investors are pricing in 80% chance of a 75 basis point cut as the most likely outcome":
http://www.forexfactory.com/news.php?do=news&id=142364

I myself guess a cut of at least 75 bps to 100 bps
Give me patience
  • #109,528
  • Jan 6, 2009 7:24pm Jan 6, 2009 7:24pm
Quoting Bullfx
"UK Rate decision in focus as economy weakens
Analysts polled by Reuters expect the Bank of England to cut interest rates by at least half a percentage point on Thursday, taking them to their lowest level since records began 300 years ago.
Money markets show investors are pricing in a 75 basis point cut as the most likely outcome":
http://www.forexfactory.com/news.php?do=news&id=142364...
our decisions dont count ( unfortunately? )
  • #109,529
  • Jan 6, 2009 7:36pm Jan 6, 2009 7:36pm
Quoting Bullfx
Yes, I GU can free fall to even 1.43 at any time. So it is safe to go short only, Anyone dare long?
I would love to see 1.43, overall, I'm looking for 1.37xx (not anytime soon). At the moment, I'm short, and targeting 1.475x area for my first TP level. I would like to see the 1.4999 be the head of a new H&S on the 1h chart and 1.475 be the the top of the right shoulder. That's how I'm trading it, so, trade what you see.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #109,530
  • Jan 6, 2009 7:41pm Jan 6, 2009 7:41pm
Quoting eohater
I would love to see 1.43, overall, I'm looking for 1.37xx (not anytime soon). At the moment, I'm short, and targeting 1.475x area for my first TP level. I would like to see the 1.4999 be the head of a new H&S on the 1h chart and 1.475 be the the top of the right shoulder. That's how I'm trading it, so, trade what you see.

Trade well!
EO
nice
  • #109,531
  • Jan 6, 2009 7:42pm Jan 6, 2009 7:42pm
Quoting eohater
I would love to see 1.43, overall, I'm looking for 1.37xx (not anytime soon). At the moment, I'm short, and targeting 1.475x area for my first TP level. I would like to see the 1.4999 be the head of a new H&S on the 1h chart and 1.475 be the the top of the right shoulder. That's how I'm trading it, so, trade what you see.

Trade well!
EO
chart plz....
what brokerage do u use? coz different brokerage will different close candle ?
  • #109,532
  • Jan 6, 2009 8:07pm Jan 6, 2009 8:07pm
Only timeframes above H1 candles can vary depending on the broker. Most notably I've seen are H4 and daily

G/U is just "hangin" at the monthly pivot here... waiting for direction.....

I would imagine we'd get a little bit more upside before a full down move.. but I'll wait till I see what I see.

Quoting dashboard
chart plz....
what brokerage do u use? coz different brokerage will different close candle ?
DireXiv Make it happen, no one else is going to do it for you...
  • #109,533
  • Jan 6, 2009 9:28pm Jan 6, 2009 9:28pm
Quoting dashboard
chart plz....
what brokerage do u use? coz different brokerage will different close candle ?
Every broker's one hour candle closes the same time. Maybe a 1m difference.

My pricing on this chart is from FXDD.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 95 KB
Just digging in the trenches like everyone else!
  • #109,534
  • Jan 6, 2009 9:33pm Jan 6, 2009 9:33pm
My long setup hit on M15.... took it.. but follow through seemed very much lagging on M1 and M5.. dumped it early for a couple... OH well... usually gives 20-40 quickly..

I just don't really trust longs at this level I guess.... finger was on the trigger.
DireXiv Make it happen, no one else is going to do it for you...
  • #109,535
  • Jan 6, 2009 10:06pm Jan 6, 2009 10:06pm
Fed Officials Saw `Substantial' Risk to Economy Last Month as Rate Slashed Federal Reserve policy makers saw “substantial” risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary.
Give me patience
  • #109,536
  • Jan 6, 2009 11:42pm Jan 6, 2009 11:42pm
I'm hearing shorts, but I'm looking for a retracement down, and confirmation to the upward.

using 1 hr timeframe
  • #109,537
  • Jan 7, 2009 12:03am Jan 7, 2009 12:03am
Quoting bosoko
I'm hearing shorts, but I'm looking for a retracement down, and confirmation to the upward.

using 1 hr timeframe
i think we should see 100 to 200 pips drop first
  • #109,538
  • Jan 7, 2009 12:27am Jan 7, 2009 12:27am
that would be good news, seeing that could help my risk to reward.
  • #109,539
  • Jan 7, 2009 12:29am Jan 7, 2009 12:29am
Quoting msniper
i think we should see 100 to 200 pips drop first
I have bullish signal from M15 to H4
  • #109,540
  • Jan 7, 2009 12:35am Jan 7, 2009 12:35am
Quoting Atondra
I have bullish signal from M15 to H4
yes its bullish over all but i will wait for it to retrace then go long to be in safe side
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