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Cable Update (GBPUSD)

  • #109,581
  • Jan 7, 2009 1:20am Jan 7, 2009 1:20am
my live trading plan for this week is not to trade live, the week and the charts didnt fit my trading strategy. So i decided to demo trade and practice trading during low volumes and quiet times, just getting a few pips here and there, very short term trades
  • #109,582
  • Jan 7, 2009 1:23am Jan 7, 2009 1:23am
Quoting dashboard
...the long will come back at us session like yesterday. how do u think?
if she sops earlier she can go up befor the us session.
  • #109,583
  • Jan 7, 2009 1:26am Jan 7, 2009 1:26am
Quoting msniper
i think its a retracment too

but i am not going long until i see strong support

after that welcome 1.5 and 1.53

so right now bear win and we should wiat for support
on the 1h she is trying to make head and shoulders what Eo said earlier. but unusually so slow, that it makes me doubt of the continuation
  • #109,584
  • Jan 7, 2009 1:31am Jan 7, 2009 1:31am
I just closed out all my shorts at the middle of this revised h4 channel. I ended up with good net profit after adding at the highs.
Attached Image
Patience + Discipline - Greed = Success
  • #109,585
  • Jan 7, 2009 1:34am Jan 7, 2009 1:34am
Quoting Infinity
I just closed out all my shorts at the middle of this revised h4 channel. I ended up with good net profit after adding at the highs.
So you think its gone down enough?
  • #109,586
  • Jan 7, 2009 1:38am Jan 7, 2009 1:38am
keep it simple

FLAG

lets see where it will close inside or outside the flag then we will have better estimation about it

if it goes back inside the flag then i guess she want to go up
Attached Image
  • #109,587
  • Jan 7, 2009 1:40am Jan 7, 2009 1:40am
Quoting trader2160
So you think its gone down enough?
It is likely to retest 4750-70 area but I am satisfied with my profit plus the daily closed bullish again so it could find buyers anywhere in this area...
Patience + Discipline - Greed = Success
  • #109,588
  • Jan 7, 2009 1:43am Jan 7, 2009 1:43am
Quoting Infinity
It is likely to retest 4750-70 area but I am satisfied with my profit plus the daily closed bullish again so it could find buyers anywhere in this area...
Yeah Im also thinking of unloading a little here.15min 100 is the next obstacle.
  • #109,589
  • Jan 7, 2009 1:44am Jan 7, 2009 1:44am
i think GU will go back inside hte flag and it will break it up to 1.5
  • #109,590
  • Jan 7, 2009 1:46am Jan 7, 2009 1:46am
I am long 1.487
  • #109,591
  • Jan 7, 2009 1:49am Jan 7, 2009 1:49am
could it possibly hit 1.55?
  • #109,592
  • Jan 7, 2009 1:54am Jan 7, 2009 1:54am
i am long 1.4835

targeting 1.49 to 1.5

stoploss if the flag destroyed and turn to bearish
  • #109,593
  • Jan 7, 2009 2:04am Jan 7, 2009 2:04am
Quoting sonicdeejay
I have short in GU....I will start to worry if the price pass 1.495x again...TP will move to BE and trail when it hit daily pivot...

The rest is up to the mkt...
Sonic

http://www.forexfactory.com/attachme...1&d=1231316431
SL @ BE now///
  • #109,594
  • Jan 7, 2009 2:10am Jan 7, 2009 2:10am
i guess this is our new flag
Attached Image
  • #109,595
  • Jan 7, 2009 2:11am Jan 7, 2009 2:11am
Quoting msniper
i guess this is our new flag
ur chart is keeping it simple...cool

Sonic
  • #109,596
  • Jan 7, 2009 2:28am Jan 7, 2009 2:28am
Quoting msniper
i think GU will go back inside hte flag and it will break it up to 1.5
Let her go to 1.4700 first
  • #109,597
  • Jan 7, 2009 2:31am Jan 7, 2009 2:31am
yeah im on that 1.4700 ready to buy if it holds, aiming for 1.5200 - 1.5300
  • #109,598
  • Jan 7, 2009 2:48am Jan 7, 2009 2:48am
Quoting msniper
i am long 1.4835

targeting 1.49 to 1.5

stoploss if the flag destroyed and turn to bearish
my target area reached

i will either close right now or wait for the flag to break up but i think i will close right now
  • #109,599
  • Jan 7, 2009 2:53am Jan 7, 2009 2:53am
Quoting msniper
my target area reached

i will either close right now or wait for the flag to break up but i think i will close right now
nice trade. but i will keep mine and wait the break up
  • #109,600
  • Jan 7, 2009 2:57am Jan 7, 2009 2:57am
Quoting vorschlag
nice trade. but i will keep mine and wait the break up
i left half for the break up
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