Just digging in the trenches like everyone else!
Cable Update (GBPUSD)
- #112,361
- Jan 18, 2009 1:51pm Jan 18, 2009 1:51pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
- #112,364
- Jan 18, 2009 2:57pm Jan 18, 2009 2:57pm
one thought / possibility / etc
initial draw back to fill gap, then head north to approx 5026, then back to
4920 before heading up to weekly high of 5116 / 5146 before heading back
south in a southerly channel towards weekly low below 4600
with new prez being signed in on tuesday though - all bets are off for
dollar weakness at least until honeymoon is over
but as we all know in forex anything can happen
good luck and many pips to ya'll
initial draw back to fill gap, then head north to approx 5026, then back to
4920 before heading up to weekly high of 5116 / 5146 before heading back
south in a southerly channel towards weekly low below 4600
with new prez being signed in on tuesday though - all bets are off for
dollar weakness at least until honeymoon is over
but as we all know in forex anything can happen
good luck and many pips to ya'll
- #112,371
- Jan 18, 2009 4:24pm Jan 18, 2009 4:24pm
With -268 pips as drawdown and no stops hit... I hope your trading the daily or weekly!!! 
well,what can i say...maybe im not yet suitable for real account trading,but after some time..i will mature i supposed...the gap really helped me a lot...
DireXiv
Make it happen, no one
else is going to do it for you...
- #112,373
- Jan 18, 2009 4:30pm Jan 18, 2009 4:30pm
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #112,374
- Jan 18, 2009 4:53pm Jan 18, 2009 4:53pm
- Joined Mar 2007 | Status: Trader | 2,126 Posts
one thought / possibility / etc
initial draw back to fill gap, then head north to approx 5026, then back to
4920 before heading up to weekly high of 5116 / 5146 before heading back
south in a southerly channel towards weekly low below 4600
with new prez being signed in on tuesday though - all bets are off for
dollar weakness at least until honeymoon is over
but as we all know in forex anything can happen
good luck and many pips to ya'll
On H1 TF it looks likely that cable is in the 5th EW. Fisrst PT is around 1.5030 and the second 1.5173. The 5th EW is likely to print a diversion, so do not get caught, and if there is a divertion it might be a good one to trade, specially in the region od 1.5170, but look at the momentum to make sure you are on the right side of the market.
Happy trading,
2be
Make sure losses are small and profits are bigger!
- #112,375
- Jan 18, 2009 4:59pm Jan 18, 2009 4:59pm
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #112,376
- Jan 18, 2009 4:59pm Jan 18, 2009 4:59pm
I got badly caught and its 1.48183
not awful and doable in 1day - doable today - but i am heavier than i would like - i would like to scale it back and leave a bit running over the long weekend - just as a gamble
it looks to be getting there - slowly
hoping for last minute DOW rush again which should do it
DOW now +4
for putting that line in because it encouraged me to leave my long on over the weekend that I opened @ 1.4748 and just closed for +121 pips and its not even Monday yet
- #112,379
- Jan 18, 2009 5:30pm Jan 18, 2009 5:30pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #112,380
- Jan 18, 2009 5:31pm Jan 18, 2009 5:31pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Ayour2a here is the pivot indicator.
On-site guru & also FF member's' psychiatrist, when not drinking tea