Patience + Discipline - Greed = Success
Cable Update (GBPUSD)
- #112,722
- Jan 19, 2009 11:39am Jan 19, 2009 11:39am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
got to agree thats its looking sick - if it was a parrot i would ask for my money back
my hopes for the small long that got caught are fading - I have been just too lucky since my friday escape and i am going to get stung
I will leave it and hope for a tuesday bounce in the DOW - if Hillary doesnt throw her shoes at him there is a chance of some optimism - i hope
and said what great timing,maybe you knew old Browny was about to announce his package.I would hope the massiah helps out again but youre right its looking pretty sick.
- #112,725
- Jan 19, 2009 11:44am Jan 19, 2009 11:44am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
got to agree thats its looking sick - if it was a parrot i would ask for my money back
my hopes for the small long that got caught are fading - I have been just too lucky since my friday escape and i am going to get stung
I will leave it and hope for a tuesday bounce in the DOW - if Hillary doesnt throw her shoes at him there is a chance of some optimism - i hope
yeah, it might perk up a bit in the Asian but i plan to be sleeping by then. I was lucky enough to close out my long at 4530 I had a feeling we would see the price get stuck a bit after london closed and the US is still on hols. Should be interesting tomorrow though gonna wake up early for it and see where we are. Might as well watch million dollar traders tonight and have a laugh at their expensive instead lol
Im just catching up on the last 2 hrs of the thread its great entertainment
As far as cable is concerned looks like bearish flag is developing and i would be looking for a pull back to short with targets at 4300 poss down to 4240. I will prob end up waiting till the london opens tomorrow though.
- #112,727
- Jan 19, 2009 11:48am Jan 19, 2009 11:48am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
Glad to have amused you
- #112,728
- Jan 19, 2009 11:49am Jan 19, 2009 11:49am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
Hey, you were on MD traders?
oh you meant on the thread DOH
- #112,730
- Jan 19, 2009 12:04pm Jan 19, 2009 12:04pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Hoping for a daily close above support.......... 
.....if not we have the continuation of a downtrend pattern.
.....if not we have the continuation of a downtrend pattern.
- #112,731
- Jan 19, 2009 12:08pm Jan 19, 2009 12:08pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
Glad to have amused you
ok put your coffee down
I was driving through the vietnamese area of Seattle on Saturday afternoon and I saw a doctor's office
his name ?
Phuc Dat M.D.
I kid you not - I nearly crashed
Glad I didnt ask him to do my colonoscopy
The thread and real life are most amusing right now
ok put your coffee down
I was driving through the vietnamese area of Seattle on Saturday afternoon and I saw a doctor's office
his name ?
Phuc Dat M.D.
I kid you not - I nearly crashed
Glad I didnt ask him to do my colonoscopy
- #112,735
- Jan 19, 2009 12:21pm Jan 19, 2009 12:21pm
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
The thread and real life are most amusing right now
ok put your coffee down
I was driving through the vietnamese area of Seattle on Saturday afternoon and I saw a doctor's office
his name ?
Phuc Dat M.D.
I kid you not - I nearly crashed
Glad I didnt ask him to do my colonoscopy
- #112,737
- Jan 19, 2009 12:25pm Jan 19, 2009 12:25pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #112,738
- Jan 19, 2009 12:26pm Jan 19, 2009 12:26pm
- | Joined Jul 2008 | Status: Trader | 1,010 Posts
I try to never make predictions and only react to price movement but since i watch the slow stoches and can comment on the earlier discussion.....
here goes!!
Since the Tl on the 4h off the 12/31 low and the 1/13 low looks to now have been broken cable will continue down to the 4400 - 4350 area and find support for a bounce back up to the bottom side of the broken 4h Tl around 4530 and then bounce down and make a new low on the longterm 4h Tl around 4250.
The first run down will put the 4h slow stoches in oversold and the bounce up off the 4350 -4400 area to the Tl that was just broken today then the bounce down to a new low will give the daily slow stoches time to get in the oversold area.
The slow stoches will get in alignment and we should see another major upward bounce off the lower Tl on the 4h. (Unless the lower Tl on the 4h is strongly broken)
I will be looking to trade that scenario. If it does not happen that way....and it may very well not...then so what. I will be entering at good levels that i can lock in profit quickly and letting the winners run!
here goes!!
Since the Tl on the 4h off the 12/31 low and the 1/13 low looks to now have been broken cable will continue down to the 4400 - 4350 area and find support for a bounce back up to the bottom side of the broken 4h Tl around 4530 and then bounce down and make a new low on the longterm 4h Tl around 4250.
The first run down will put the 4h slow stoches in oversold and the bounce up off the 4350 -4400 area to the Tl that was just broken today then the bounce down to a new low will give the daily slow stoches time to get in the oversold area.
The slow stoches will get in alignment and we should see another major upward bounce off the lower Tl on the 4h. (Unless the lower Tl on the 4h is strongly broken)
I will be looking to trade that scenario. If it does not happen that way....and it may very well not...then so what. I will be entering at good levels that i can lock in profit quickly and letting the winners run!
- #112,739
- Jan 19, 2009 12:30pm Jan 19, 2009 12:30pm
So that's down up then down up? or was it up, down then more down to up? A bunny chart may help...
I'll be there 2moro.
I'll be there 2moro.
I try to never make predictions and only react to price movement but since i watch the slow stoches and can comment on the earlier discussion.....
here goes!!
Since the Tl on the 4h off the 12/31 low and the 1/13 low looks to now have been broken cable will continue down to the 4400 - 4350 area and find support for a bounce back up to the bottom side of the broken 4h Tl around 4530 and then bounce down and make a new low on the longterm 4h Tl around 4250.
The first run down will put the 4h slow stoches in oversold and the bounce up off...
Ride the Bulls bearback!