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Cable Update (GBPUSD)

  • #110,281
  • Jan 8, 2009 10:05am Jan 8, 2009 10:05am
Quoting eohater
Thanks bro! I hope you got a piece of the pie this morning!! Look at this price. I'm glad I closed out!!
Got in late was so tired, need a nap.

Took a little piece of the pie from 5218 to 5174.

Now I'll wait for the next setup!

HOLLA
  • #110,282
  • Jan 8, 2009 10:06am Jan 8, 2009 10:06am
Quoting Turtle
Good for you....

Took a loss, took a break, cleared my head, now I'm back in the game! :nerd:

HOLLA
I'm sorry to hear that bro... As you know, it's part of the game... I know you'll repossess your lost amount from the market in no time...
Patience + Discipline - Greed = Success
  • #110,283
  • Jan 8, 2009 10:07am Jan 8, 2009 10:07am
Quoting eohater
Good job on clearing your head! I had a 25 pip loss this morning when I went short off the daily 50. I went in tight and she slapped me. No worries though! Green day is a good day!

BTW: My shorts from yesterday closed out at 5050. Nice pippage there for sure!
Congrats man.......

Got some green today, quota is made, so let's see where she goes!

HOLLA
  • #110,284
  • Jan 8, 2009 10:08am Jan 8, 2009 10:08am
Quoting eohater
I'll be watching the top the channel you posted earlier this morning. I wouldn't mind taking that ride again this afternoon!!
Yes... I'm waiting to see what happens on a retest up there....
Patience + Discipline - Greed = Success
  • #110,285
  • Jan 8, 2009 10:08am Jan 8, 2009 10:08am
Quoting Infinity
I'm sorry to hear that bro... As you know, it's part of the game... I know you'll repossess your lost amount from the market in no time...
Sure will.......

Thanks bro...

HOLLA
  • #110,286
  • Jan 8, 2009 10:13am Jan 8, 2009 10:13am
Quoting Infinity
Yes... I'm waiting to see what happens on a retest up there....
Another thought would be a run to the 1h 62ema for a nice long entry.
Just digging in the trenches like everyone else!
  • #110,287
  • Jan 8, 2009 10:14am Jan 8, 2009 10:14am
Quoting Infinity
And they say mas are rubbish.... DID YOU SEE THAT BOUNCE OFF THE 50?....
No, we didn't see because you didn't post a chart.

  • #110,288
  • Jan 8, 2009 10:15am Jan 8, 2009 10:15am
Quoting AmeriTrini
No, we didn't see because you didn't post a chart.

No need to post a chart. Just overlay the 50ema on your 15m chart based on the closed price.
Just digging in the trenches like everyone else!
  • #110,289
  • Jan 8, 2009 10:17am Jan 8, 2009 10:17am
Quoting eohater
Another thought would be a run to the 1h 62ema for a nice long entry.
Could very well be a nice entry....

....long term though, I think unless we get a close above the daily 50ema or at least the red tl I posted earlier... we are heading back down to the lows or lower.....
Patience + Discipline - Greed = Success
  • #110,290
  • Jan 8, 2009 10:19am Jan 8, 2009 10:19am
Quoting AmeriTrini
No, we didn't see because you didn't post a chart.

for your viewing pleasure...:nerd:

50ema is the darker green line
Attached Image
Patience + Discipline - Greed = Success
  • #110,291
  • Jan 8, 2009 10:19am Jan 8, 2009 10:19am
Quoting Infinity
And they say mas are rubbish.... DID YOU SEE THAT BOUNCE OFF THE 50?....
If there was one ma I would say that everyone should have on there charts and that's the 50ema. She proves well on all the charts.
Just digging in the trenches like everyone else!
  • #110,292
  • Jan 8, 2009 10:20am Jan 8, 2009 10:20am
Quoting Infinity
Could very well be a nice entry....

....long term though, I think unless we get a close above the daily 50ema or at least the red tl I posted earlier... we are heading back down to the lows ore lower.....
I agree with that 100%!!!
Just digging in the trenches like everyone else!
  • #110,293
  • Jan 8, 2009 10:21am Jan 8, 2009 10:21am
Quoting eohater
Another thought would be a run to the 1h 62ema for a nice long entry.
That would be a dream entry for long, great r/r ratio.

Am flat at moment, after exiting shorts, which were entered at blended rate of 1.5330, closed at 1.5241
  • #110,294
  • Jan 8, 2009 10:24am Jan 8, 2009 10:24am
Quoting eohater
If there was one ma I would say that everyone should have on there charts and that's the 50ema. She proves well on all the charts.
Yes... it seems a lot of people use it on many timeframes with many pairs... that's why it is so powerful...
Patience + Discipline - Greed = Success
  • #110,295
  • Jan 8, 2009 10:26am Jan 8, 2009 10:26am
Quoting gammase1
That would be a dream entry for long, great r/r ratio.

Am flat at moment, after exiting shorts, which were entered at blended rate of 1.5330, closed at 1.5241
Good trading on your shorts!

Now, referring back to the 1h 62ema/50, I think it would be a nice entry regardless of the way today closes. There' both under the 1h 10ema sitting at level 1 support for the 1h chart. If we close the day bearish and we haven't seen the 1h 62 by then, I would say a target of 50% (NO MORE, mind you roughly that's about 150 pips, math will need to be done at the time) of today's high. If we close bullish, it's probably because we bounced off it today during the US Session, then we won't see the 1h 62ema for a couple of days.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #110,296
  • Jan 8, 2009 10:31am Jan 8, 2009 10:31am
I didn't realize the EMA(62) on a 1hour was a popular trendline? I'm pretty new to technicals...
Josh
  • #110,297
  • Jan 8, 2009 10:33am Jan 8, 2009 10:33am
If fundamentals come into it, then it must be USD fundamentals and not GBP - I say that because the hourly euro chart is just like the cable chart
  • #110,298
  • Jan 8, 2009 10:35am Jan 8, 2009 10:35am
Quoting Infinity
for your viewing pleasure...:nerd:

50ema is the darker green line
For those who don't use mas.. look at the red line and the blue line in this chart how they are respected both when price is above it and below it....

priceless...
Patience + Discipline - Greed = Success
  • #110,299
  • Jan 8, 2009 10:40am Jan 8, 2009 10:40am
looking good for my 5070 tp its coming up to the 1hr 62ema but that ema is looking a bit flat at the moment for a long entry. i think after 5070 ish then back to 5160 - 5200 area then heading deep down after that
  • #110,300
  • Jan 8, 2009 10:42am Jan 8, 2009 10:42am
Quoting Infinity
For those who don't use mas.. look at the red line and the blue line in this chart how they are respected both when price is above it and below it....

priceless...
Absolutely priceless!!

I'm not sure which color your ma's are. Would you mind letting everyone know what one is which. I imagine there the 5ema and 10ema but I don't want to assume and everyone else might want to know.

Thanks bro!
Just digging in the trenches like everyone else!
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