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Cable Update (GBPUSD)

  • #110,561
  • Jan 9, 2009 10:53am Jan 9, 2009 10:53am
Quoting alcando
Actually I could not resist the reaction to the mini-fib and bought again and closed at 15280 for 60 pips bonus. I was targeting 15300 which I projected as the limit but I am happy to quit here.
Cheers Chaps, have a lovely weekend.
lol thought about it too but was too wasted from the trading.Plus didnt want to give the banks more of their money back.
  • #110,562
  • Jan 9, 2009 11:32am Jan 9, 2009 11:32am
Down periscope...dive dive dive
  • #110,563
  • Jan 9, 2009 12:27pm Jan 9, 2009 12:27pm
Its at 1.5145 now...seems like it wants to do one more upward surge

5, 15, and 1hr all in oversold territory

what do you all think ?
  • #110,564
  • Jan 9, 2009 12:31pm Jan 9, 2009 12:31pm
Quoting joemiami
Its at 1.5145 now...seems like it wants to do one more upward surge

what do you all think ?
I certainly hope not.
I'm still holding to my short and would like to see it break 1.5100
  • #110,565
  • Jan 9, 2009 12:34pm Jan 9, 2009 12:34pm
Quoting Atondra
I certainly hope not.
I'm still holding to my short and would like to see it break 1.5100
Not today, we're not breaking 1.51. I could be wrong, but I'll go long at that price for sure if we get there.
Just digging in the trenches like everyone else!
  • #110,566
  • Jan 9, 2009 12:35pm Jan 9, 2009 12:35pm
Quoting Atondra
I certainly hope not.
I'm still holding to my short and would like to see it break 1.5100
Curious....where you get the 1.5100 level from ?? fib ??
  • #110,567
  • Jan 9, 2009 12:48pm Jan 9, 2009 12:48pm
Damn!! I should have been paying attn to that level.. Could have made an xtra 60 pips
  • #110,568
  • Jan 9, 2009 12:50pm Jan 9, 2009 12:50pm
Quoting eohater
Not today, we're not breaking 1.51. I could be wrong, but I'll go long at that price for sure if we get there.
I think the daily H&s is taking shape nicely.
  • #110,569
  • Jan 9, 2009 12:55pm Jan 9, 2009 12:55pm
Quoting trader2160
I think the daily H&s is taking shape nicely.
It's played out nicely. I'm in my final position for the day. I took it long again at 5140 and willing to add at 5100. Targeting the 15m 30/50 area
Just digging in the trenches like everyone else!
  • #110,570
  • Jan 9, 2009 1:05pm Jan 9, 2009 1:05pm
Quoting eohater
It's played out nicely. I'm in my final position for the day. I took it long again at 5140 and willing to add at 5100. Targeting the 15m 30/50 area
Do you think it's likely to re-test the 1h 62 first?
  • #110,571
  • Jan 9, 2009 1:06pm Jan 9, 2009 1:06pm
Quoting eohater
It's played out nicely. I'm in my final position for the day. I took it long again at 5140 and willing to add at 5100. Targeting the 15m 30/50 area
Hi, I've just joined the forum and I'm trying to learn the ropes and gain knowledge.

EoHater, can I ask a couple of questions about your statement above?

1/ If you've gone long at 5140, is your plan to add to add to the existing trade at 5100 or are you saying that you'll hopefully make pips on this trade and take profit, and then if the price goes down to 5100, you would buy long again at that level? My confusion is probably further compounded since I noted you put on a stop loss of 20 pips on your trades.

2/ When you say you are targetting the 30/50 area, are you talking about MAs? or 5130/5150?

Thanks.
  • #110,572
  • Jan 9, 2009 1:06pm Jan 9, 2009 1:06pm
Quoting eohater
It's played out nicely. I'm in my final position for the day. I took it long again at 5140 and willing to add at 5100. Targeting the 15m 30/50 area
lol yeah that would be the next move.Ive been flat for a while,didnt think it would play out this well.
  • #110,573
  • Jan 9, 2009 1:09pm Jan 9, 2009 1:09pm
She's going ballistic!
  • #110,574
  • Jan 9, 2009 1:09pm Jan 9, 2009 1:09pm
Quoting Si Tr4d3r
Do you think it's likely to re-test the 1h 62 first?
Sorry, I stepped away. No I don't think it's going to the 1h 62. I followed the PA candles on the 15m chart. Took my entry and willing to add at the 1h 62 if she went there. It's end of the week, end of day on Friday. She's slowing down and will be about out of gas.
Just digging in the trenches like everyone else!
  • #110,575
  • Jan 9, 2009 1:15pm Jan 9, 2009 1:15pm
Quoting eohater
Sorry, I stepped away. No I don't think it's going to the 1h 62. I followed the PA candles on the 15m chart. Took my entry and willing to add at the 1h 62 if she went there. It's end of the week, end of day on Friday. She's slowing down and will be about out of gas.
I like your style....

I was in almost the same trade just now.... I got in at 5135 and closed at the m15 10ema 5170.. I'm done now for the week..... (maybe...)


Good trading today bro....!!!

Patience + Discipline - Greed = Success
  • #110,576
  • Jan 9, 2009 1:15pm Jan 9, 2009 1:15pm
Quoting eohater
Sorry, I stepped away. No I don't think it's going to the 1h 62. I followed the PA candles on the 15m chart. Took my entry and willing to add at the 1h 62 if she went there. It's end of the week, end of day on Friday. She's slowing down and will be about out of gas.
No worries, just with you saying about adding at 151 level. your tp around 15220 area?
  • #110,577
  • Jan 9, 2009 1:16pm Jan 9, 2009 1:16pm
Quoting daffy
Hi, I've just joined the forum and I'm trying to learn the ropes and gain knowledge.

EoHater, can I ask a couple of questions about your statement above?

1/ If you've gone long at 5140, is your plan to add to add to the existing trade at 5100 or are you saying that you'll hopefully make pips on this trade and take profit, and then if the price goes down to 5100, you would buy long again at that level? My confusion is probably further compounded since I noted you put on a stop loss of 20 pips on your trades.

2/ When you say you are targetting...
Welcome to the forum! Please feel free to ask questions anytime. There are some great traders on this forum. Please understand though, you are responsible for your trades. Don't follow people's calls, trade what you see my friend. You'll be a better trader for this. Now, to your questions.

1. LET ME CLARIFY. NOT ALL MY TRADES HAVE THAT TIGHT OF A SL. Each trade is different. I have certain setups that I do keep a tight sl of 20-30 pips on. This is not one of them though. PA lead me to take the 5140 long. I'm willing to add to her at 5100. My SL was at 5075, I've since moved to +2.

2. I'm targeting the 15m 30/50 ma's yes. If she get's there, I'll close out most of my trade and follow PA from there. Most likely, I'll close my whole position since it's Friday end of the day. If she should run back down to the 5100 level after I TP, your damn right I'll go long on her again. Mind you, I will not hold the position over the weekend and will have all trades closed 5 min before my broker closes.

I hope this answers your questions.

Trade well and ask questions anytime!
EO
Just digging in the trenches like everyone else!
  • #110,578
  • Jan 9, 2009 1:17pm Jan 9, 2009 1:17pm
Quoting Si Tr4d3r
No worries, just with you saying about adding at 151 level. your tp around 15220 area?
5220 is my TP level.
Just digging in the trenches like everyone else!
  • #110,579
  • Jan 9, 2009 1:20pm Jan 9, 2009 1:20pm
Thanks for that. just checking that I am seeing the right setups.
  • #110,580
  • Jan 9, 2009 1:21pm Jan 9, 2009 1:21pm
Quoting Infinity
I like your style....

I was in almost the same trade just now.... I got in at 5135 and closed at the m15 10ema 5170.. I'm done now for the week..... (maybe...)


Good trading today bro....!!!

I like your style brother.... We've rode together all day!

I like the maybe! I don't blame you for the TP at 15m 10. The 200 sma is there as well. I've moved SL to +2 and letting her ride now. I'll go again if she goes back down.

Excellent trading today yourself bro!
Just digging in the trenches like everyone else!
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