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Cable Update (GBPUSD)

  • #111,061
  • Jan 13, 2009 10:52am Jan 13, 2009 10:52am
Quoting Galation
GU 4 hour Candle
Thank you for that!
Just digging in the trenches like everyone else!
  • #111,062
  • Jan 13, 2009 10:53am Jan 13, 2009 10:53am
Quoting PipLand
Yeah looks like it will get taken out, im gonna wait for 4500 if were lucky enough to see it, looks like good support there, my 4 hour candle only opened up just under an hour ago. Ive noticed the oil going up too and also Silver is going back up, i bought some early when it hit my price target of 10.500
I have buy orders on oil on the $ down to $30.

And yes, my long got taken out for +2. I'm rich!! YEAH!!!! We'll see how she plays out.
Just digging in the trenches like everyone else!
  • #111,063
  • Jan 13, 2009 10:54am Jan 13, 2009 10:54am
on my daily chart I see ten period RSI 50 level is penetrated from above very confidently. I see also faster ma's crossed down slow ma's. alltogether it is my setup. I am short 1.4575, targeting the break of 1.4350 and further downmove.
  • #111,064
  • Jan 13, 2009 10:56am Jan 13, 2009 10:56am
Quoting vorschlag
on my daily chart I see ten period RSI 50 level is penetrated from above very confidently. I see also faster ma's crossed down slow ma's. alltogether it is my setup. I am short 1.4575, targeting the break of 1.4350 and further downmove.
I'm sure your covered. We're coming into support at this level in my opinion.
Just digging in the trenches like everyone else!
  • #111,065
  • Jan 13, 2009 10:56am Jan 13, 2009 10:56am
Quoting eohater
That's what my long from 4540 is hoping for!
that must have looked nice at 1.57
  • #111,066
  • Jan 13, 2009 10:58am Jan 13, 2009 10:58am
Quoting allserene
that must have looked nice at 1.57
I got +2 on it....I can buy a cup of coffee now...
Just digging in the trenches like everyone else!
  • #111,067
  • Jan 13, 2009 11:00am Jan 13, 2009 11:00am
Quoting eohater
I have buy orders on oil on the $ down to $30.

And yes, my long got taken out for +2. I'm rich!! YEAH!!!! We'll see how she plays out.
Nice! Its only a matter of time before were at $75 a barrel at least
  • #111,068
  • Jan 13, 2009 11:02am Jan 13, 2009 11:02am
Quoting eohater
I'm sure your covered. We're coming into support at this level in my opinion.
Yeah i would be surprised if we dont at least get some sort of bounce from 4500, looks like we will reach it though, now lets see if I have the balls to buy it when it gets there
  • #111,069
  • Jan 13, 2009 11:07am Jan 13, 2009 11:07am
Quoting PipLand
Nice! Its only a matter of time before were at $75 a barrel at least
That's where I'm looking to TP on my oil shares for sure.
Just digging in the trenches like everyone else!
  • #111,070
  • Jan 13, 2009 11:07am Jan 13, 2009 11:07am
Quoting eohater
I got +2 on it....I can buy a cup of coffee now...

That's the spirit ! You have the resilience to stay in this game

I have not seen such a slow, relentless, steady, even move for ages, the banks must be getting sick of it and getting ready to sell off in big candles... either that or they are lulling us into a false sense of security and it will roar back up... don't think so though

not with the DOW as sick as it is
  • #111,071
  • Jan 13, 2009 11:07am Jan 13, 2009 11:07am
long 4511 lets see what happens
  • #111,072
  • Jan 13, 2009 11:10am Jan 13, 2009 11:10am
Quoting PipLand
long 4511 lets see what happens
I'm waiting to see if there is a hard bounce at 1.45 or whether it hovers around that whole number. If it hovers, the chances are it will continue to creep down.
Probability Professor
  • #111,073
  • Jan 13, 2009 11:12am Jan 13, 2009 11:12am
Quoting allserene
That's the spirit ! You have the resilience to stay in this game

I have not seen such a slow, relentless, steady, even move for ages, the banks must be getting sick of it and getting ready to sell off in big candles... either that or they are lulling us into a false sense of security and it will roar back up... don't think so though

not with the DOW as sick as it is
I agree, this creep down I have not seen in ages either. We'll see how she plays out.
Just digging in the trenches like everyone else!
  • #111,074
  • Jan 13, 2009 11:12am Jan 13, 2009 11:12am
Quoting PipLand
long 4511 lets see what happens
I'm in that boat with you at 4515
Just digging in the trenches like everyone else!
  • #111,075
  • Jan 13, 2009 11:13am Jan 13, 2009 11:13am
Quoting PipLand
long 4511 lets see what happens
Nice one
  • #111,076
  • Jan 13, 2009 11:14am Jan 13, 2009 11:14am
Yeah, there was a hard bounce at 1.4503, so I went long. I will take profit based upon the price action as I believe it will come back down and test this again.
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Probability Professor
  • #111,077
  • Jan 13, 2009 11:15am Jan 13, 2009 11:15am
Quoting allserene
That's the spirit ! You have the resilience to stay in this game

I have not seen such a slow, relentless, steady, even move for ages, the banks must be getting sick of it and getting ready to sell off in big candles... either that or they are lulling us into a false sense of security and it will roar back up... don't think so though

not with the DOW as sick as it is

I feel as if a bottom is near.. No im not picking one yet, but my eye is on a return to 4900 -> 5280 -> 5680 (tp) . It should happen fast, when it starts.
USD Est Non Mortuus
  • #111,078
  • Jan 13, 2009 11:18am Jan 13, 2009 11:18am
Quoting eohater
I'm in that boat with you at 4515
Sweet, I feel a rally coming on
  • #111,079
  • Jan 13, 2009 11:19am Jan 13, 2009 11:19am
Quoting trader2160
Nice one
cheers Im hoping 4500 will be strong enough support, we'll soon find out i guess
  • #111,080
  • Jan 13, 2009 11:19am Jan 13, 2009 11:19am
Quoting LuckyLurker
I feel as if a bottom is near.. No im not picking one yet, but my eye is on a return to 4900 -> 5280 -> 5680 (tp) . It should happen fast, when it starts.
I like that feeling you have.
Just digging in the trenches like everyone else!
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