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Cable Update (GBPUSD)

  • #112,281
  • Jan 16, 2009 11:49am Jan 16, 2009 11:49am
Quoting ntoller
Being new to FX its comforting to know some of the more experienced of you are in the same trade. Surely cable cant drop more than 300 pips in a day. well we'll see, what are you guys targetting?
It can happen, and it's happen many times in the last 5 months. Anything, and I say anything can happen: you just have to work on the probability of trades going in a particular direction. Good luck with your trading matey, I bid you many prosperous pips, and monieeees!
Probability Professor
  • #112,282
  • Jan 16, 2009 11:49am Jan 16, 2009 11:49am
Quoting Galation
13 hours to go up, only 4 hours to come down. That is bearish sentiment.
I wouldn't be surprised to see it go up another 200 just as fast before the day ends... Then again... I wouldn't be surprised if it doesn't..
Patience + Discipline - Greed = Success
  • #112,283
  • Jan 16, 2009 11:49am Jan 16, 2009 11:49am
Quoting Infinity
Seems like a retracement to the daily 5sma... It is bleeding like hell though..
Only on a Friday..........

I'm holding 1 short.....she already close out my 2 longs.....

Oh well it's Friday and time to party!!!

Everyone enjoy your weekend and be ready to battle next week!!

HOLLA
  • #112,284
  • Jan 16, 2009 11:51am Jan 16, 2009 11:51am
Quoting Infinity
Seems like a retracement to the daily 5sma... It is bleeding like hell though..
Like somebody cut her jugular or something!
Just digging in the trenches like everyone else!
  • #112,285
  • Jan 16, 2009 11:52am Jan 16, 2009 11:52am
Quoting Turtle
Only on a Friday..........

I'm holding 1 short.....she already close out my 2 longs.....

Oh well it's Friday and time to party!!!

Everyone enjoy your weekend and be ready to battle next week!!

HOLLA
Great job bro!!
Patience + Discipline - Greed = Success
  • #112,286
  • Jan 16, 2009 11:52am Jan 16, 2009 11:52am
Quoting Turtle
Only on a Friday..........

I'm holding 1 short.....she already close out my 2 longs.....

Oh well it's Friday and time to party!!!

Everyone enjoy your weekend and be ready to battle next week!!

HOLLA
Good job brother!
Just digging in the trenches like everyone else!
  • #112,287
  • Jan 16, 2009 11:53am Jan 16, 2009 11:53am
Quoting Infinity
I wouldn't be surprised to see it go up another 200 just as fast before the day ends... Then again... I wouldn't be surprised if it doesn't..
True, anything can happen.
Probability Professor
  • #112,288
  • Jan 16, 2009 11:53am Jan 16, 2009 11:53am
Quoting Infinity
Great job bro!!
You too bro.......

HOLLA
  • #112,289
  • Jan 16, 2009 11:53am Jan 16, 2009 11:53am
Quoting Galation
It can happen, and it's happen many times in the last 5 months. Anything, and I say anything can happen: you just have to work on the probability of trades going in a particular direction. Good luck with your trading matey, I bid you many prosperous pips, and monieeees!
thanks for the advice
  • #112,290
  • Jan 16, 2009 11:53am Jan 16, 2009 11:53am
Quoting Infinity
I wouldn't be surprised to see it go up another 200 just as fast before the day ends... Then again... I wouldn't be surprised if it doesn't..
If it doesn't and the daily stays as is (on all GBP pairs)... I am looking forward to next weeks trading...
  • #112,291
  • Jan 16, 2009 11:55am Jan 16, 2009 11:55am
That daily candle...........

HOLLA
  • #112,292
  • Jan 16, 2009 11:56am Jan 16, 2009 11:56am
Quoting Vourvoul
If it doesn't and the daily stays as is (on all GBP pairs)... I am looking forward to next weeks trading...
whats the indication on the daily that itll fall, is it the price action?
  • #112,293
  • Jan 16, 2009 11:58am Jan 16, 2009 11:58am
Quoting ntoller
whats the indication on the daily that itll fall, is it the price action?
wait i see it. its a spinning top right??
  • #112,294
  • Jan 16, 2009 11:58am Jan 16, 2009 11:58am
Eu is holding up well and is showing good support at the h1 50ema... will cable follow?
Patience + Discipline - Greed = Success
  • #112,295
  • Jan 16, 2009 11:58am Jan 16, 2009 11:58am
Quoting Si Tr4d3r
lol.

What this price on the 1h 62 ?
Sorry eo that sound didnt right, was laughing at me being taken out..
  • #112,296
  • Jan 16, 2009 12:02pm Jan 16, 2009 12:02pm
Quoting ntoller
whats the indication on the daily that itll fall, is it the price action?
Though I never said it'll fall
  • #112,297
  • Jan 16, 2009 12:02pm Jan 16, 2009 12:02pm
Quoting Si Tr4d3r
Sorry eo that sound didnt right, was laughing at me being taken out..
It's all good!
Just digging in the trenches like everyone else!
  • #112,298
  • Jan 16, 2009 12:03pm Jan 16, 2009 12:03pm
Quoting Galation
13 hours to go up, only 4 hours to come down. That is bearish sentiment.
I believe weve had this conversation before lol,Love your avatar btw.
  • #112,299
  • Jan 16, 2009 12:04pm Jan 16, 2009 12:04pm
Quoting Galation
13 hours to go up, only 4 hours to come down. That is bearish sentiment.
It's normal - the ramp ups are usually slow then it falls off a cliff - that is normal even in a bull mkt - sometimes it recovers and sometimes it doesn't

Its the saw tooth graph - oops chart

It makes the bottom feeders even hungrier sometimes

its a bummer though right now - i shouldnt be exposed like this on a friday - lesson learned (again)

I think cable is oversold - house prices uk dropped 1% jan to oct then 4% after that - and that is in the north....

That isnt economic collapse
  • #112,300
  • Jan 16, 2009 12:04pm Jan 16, 2009 12:04pm
Quoting Infinity
Eu is holding up well and is showing good support at the h1 50ema... will cable follow?
that holding up is causing E/G to skyrocket.
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