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Cable Update (GBPUSD)

  • #110,841
  • Jan 12, 2009 11:45am Jan 12, 2009 11:45am
Quoting joemiami
1.6871 level holding well so far..... will she exhaust herself and fall ?......hmmmmmmmm
If it was 1.6871, I'd definitely short that !
Probability Professor
  • #110,842
  • Jan 12, 2009 11:48am Jan 12, 2009 11:48am
I could see this ranging for a while now to be honest.
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Probability Professor
  • #110,843
  • Jan 12, 2009 12:00pm Jan 12, 2009 12:00pm
Quoting eohater
In deed brother! That looks like a nice area to TP and possibly go back short on her ass..
Let's see how it plays... but I am still not too sold yet on big shorts based on the touch of the daily trendline and even more so the weekly chart which is showing a retest of the broken 10sma...
Patience + Discipline - Greed = Success
  • #110,844
  • Jan 12, 2009 12:11pm Jan 12, 2009 12:11pm
What I see on my chart....
Just My view....trade your chart, not mine
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  • #110,845
  • Jan 12, 2009 12:17pm Jan 12, 2009 12:17pm
Could we be trading in a down trending channel as shown on the M15 chart since the gap down. Something to look at.
  • #110,846
  • Jan 12, 2009 12:18pm Jan 12, 2009 12:18pm
Quoting Infinity
Let's see how it plays... but I am still not too sold yet on big shorts based on the touch of the daily trendline and even more so the weekly chart which is showing a retest of the broken 10sma...
Hi all.sorry no posts was trading mostly yen pairs all day.Infinity and Eo great calls.I took a couple of trades on the short side.Just wanted to say Infinity that shes broken below 21day Sma.If she closes below that would make more room to the downside.what do you think.
  • #110,847
  • Jan 12, 2009 12:26pm Jan 12, 2009 12:26pm
Quoting yank
What I see on my chart....
Just My view....trade your chart, not mine
I will
Probability Professor
  • #110,848
  • Jan 12, 2009 12:32pm Jan 12, 2009 12:32pm
Quoting trader2160
Hi all.sorry no posts was trading mostly yen pairs all day.Infinity and Eo great calls.I took a couple of trades on the short side.Just wanted to say Infinity that shes broken below 21day Sma.If she closes below that would make more room to the downside.what do you think.
The daily has not closed yet.... I am watching the close as well. My last longs closed out again as I moved my stop to +10. We are in the middle of the of a larger falling wedge right now so we could head lower or go to the top of the channel.
Patience + Discipline - Greed = Success
  • #110,849
  • Jan 12, 2009 12:36pm Jan 12, 2009 12:36pm
what i see
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  • #110,850
  • Jan 12, 2009 12:40pm Jan 12, 2009 12:40pm
I have entry into the channel combined with the 200sma on the H1 chart as my main area of resistance
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Attached Image (click to enlarge)
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  • #110,851
  • Jan 12, 2009 12:47pm Jan 12, 2009 12:47pm
Quoting Infinity
Let's see how it plays... but I am still not too sold yet on big shorts based on the touch of the daily trendline and even more so the weekly chart which is showing a retest of the broken 10sma...
Just got back from lunch. I see she's not closed me out yet. Although, she's pushing hard. Who the hell knows where she's going, but if this plays out to the upside, I'll hold this to 1.53 and watching all the way for a signal to close out and short her ass. As the day stands, she could maintain this range for the next 8 hours.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #110,852
  • Jan 12, 2009 12:48pm Jan 12, 2009 12:48pm
top of the morning optimists !

What's the feeling ?

Seems to be correlating with the DOW again ?

missed its northward launch point and bound to spiral down ?

I am short on balance of probabilities...

It's in no man's land I reckon, with a slight south bias
  • #110,853
  • Jan 12, 2009 12:49pm Jan 12, 2009 12:49pm
Quoting eohater
Just got back from lunch. I see she's not closed me out yet. Although, she's pushing hard. Who the hell knows where she's going, but if this plays out to the upside, I'll hold this to 1.53 and watching all the way for a signal to close out and short her ass. As the day stands, she could maintain this range for the next 8 hours.

Trade well everyone!
EO
Actually, now that I'm looking at my 1h, a short off the 1h 62/50 might prove to be a nice move for a further push down. There's some good resistance up there. We broke it earlier, confirmed it as well.
Just digging in the trenches like everyone else!
  • #110,854
  • Jan 12, 2009 12:58pm Jan 12, 2009 12:58pm
Quoting eohater
Actually, now that I'm looking at my 1h, a short off the 1h 62/50 might prove to be a nice move for a further push down. There's some good resistance up there. We broke it earlier, confirmed it as well.
Its a moving average traffic jam on the 4h buddy.Took some effort to break it.Should hold for a while dont you think
  • #110,855
  • Jan 12, 2009 1:01pm Jan 12, 2009 1:01pm
Quoting trader2160
Its a moving average traffic jam on the 4h buddy.Took some effort to break it.Should hold for a while dont you think
Highly possible for sure!
Just digging in the trenches like everyone else!
  • #110,856
  • Jan 12, 2009 1:07pm Jan 12, 2009 1:07pm
She keeps trying to get my SL... Watch it gobble it up here in the next 1h. Stress free, I'm covered in the green.
Just digging in the trenches like everyone else!
  • #110,857
  • Jan 12, 2009 1:11pm Jan 12, 2009 1:11pm
Quoting eohater
She keeps trying to get my SL... Watch it gobble it up here in the next 1h. Stress free, I'm covered in the green.
Gobble Gobble! She closed me out with +3. I'm making quota quick this damn way.
Just digging in the trenches like everyone else!
  • #110,858
  • Jan 12, 2009 1:14pm Jan 12, 2009 1:14pm
Quoting eohater
Gobble Gobble! She closed me out with +3. I'm making quota quick this damn way.
  • #110,859
  • Jan 12, 2009 1:15pm Jan 12, 2009 1:15pm
i just went long on the cable... think we have seen a bottom for awhile... support 4803 on Jan 7th on the H4. if it blows thru that... another long around 4750
  • #110,860
  • Jan 12, 2009 1:22pm Jan 12, 2009 1:22pm
Quoting eohater
Gobble Gobble! She closed me out with +3. I'm making quota quick this damn way.
I got stopped out earlier too for a few pips on the remainder of my position but I took another long at 4815. The price action at the tl looks as if it could hold... I am covered on this already....
Patience + Discipline - Greed = Success
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