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Cable Update (GBPUSD)

  • #113,841
  • Jan 21, 2009 2:21pm Jan 21, 2009 2:21pm
Quoting Infinity
Great trade bro!!

I took some off at the h4 10ema the rest is set well in the green....
Amen to that brother!!! !
'Just fortunate 'happened to be here when the Barak/Dow ride,
began...
'Hopin the Earl, the Dow, etc, continues it's trek,
& Eo's Daily Candle call goes north too!

SteelHead,
Don't leave us man...! Coulda woulda shoulda loved,
to have seen your webinar... Will check for any email from you!
Chat w/you later,

Jeff
I will work to Objectively Identify my Edges
  • #113,842
  • Jan 21, 2009 2:23pm Jan 21, 2009 2:23pm
thank u for your kind words SmoothTrader.
  • #113,843
  • Jan 21, 2009 2:35pm Jan 21, 2009 2:35pm
Quoting steelhead
you mean instead of arguing with me you wish you were long like me at 1.3630.

+300 nough said
Right on. another 300+ It sure feels good!
  • #113,844
  • Edited 2:51pm Jan 21, 2009 2:45pm | Edited 2:51pm
Is it time to bang a short in if the 15 min candle stays the way it is??

lol. Don't answer that..
  • #113,845
  • Jan 21, 2009 2:54pm Jan 21, 2009 2:54pm
Quoting Si Tr4d3r
Is it time to bang a short in if the 15 min candle stays the way it is??

lol. Don't answer that..
I won't - I know less about 15 minute candles than the average nun
  • #113,846
  • Jan 21, 2009 2:56pm Jan 21, 2009 2:56pm
You are correct my friend

Quoting ForexRookie
Correct if i'm wrong but a pin-bar on the 1 hour chart?
Attached Image (click to enlarge)
Click to Enlarge Name: 30,cable 1 hour pin 21-01.png Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,847
  • Jan 21, 2009 2:57pm Jan 21, 2009 2:57pm
possible short, IMO, but I don't seem to know much. While you all are packing away the pips, I'm strugglin along. Very frustrating. It helps to follow one's own rules, which I haven't though. I guess I'll learn or I'll burn. Not so sure about shorting though, a little late in the day.... but then again what do I know.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #113,848
  • Jan 21, 2009 3:06pm Jan 21, 2009 3:06pm
Quoting Chris_35
Just taking a few moments off from work to see how cable is doing and I see that she hit the slippery slope again after her highs in the Asian session. Have put a limit order in on her to long @1.3655 with a 20 pip s/l and have set t/p at 1.4020. Who knows what may happen to this pair . But this is a small risk to reward ratio only on .2 lots
If only I had have given another 15 pips on my s/l
  • #113,849
  • Jan 21, 2009 3:07pm Jan 21, 2009 3:07pm
Quoting Bones
You are correct my friend
Looks like we will get one on the daily as well. let's see how she plays out.
Just digging in the trenches like everyone else!
  • #113,850
  • Jan 21, 2009 3:09pm Jan 21, 2009 3:09pm
Quoting therealist
possible short, IMO, but I don't seem to know much. While you all are packing away the pips, I'm strugglin along. Very frustrating. It helps to follow one's own rules, which I haven't though. I guess I'll learn or I'll burn. Not so sure about shorting though, a little late in the day.... but then again what do I know.
once you know your own rules in relation to cable, trust yourself mate.
  • #113,851
  • Jan 21, 2009 3:13pm Jan 21, 2009 3:13pm
Well we a have proved that cable is vibrating in sympathy with the DOW

Most days the pattern of correlation is exact

Today the DOW put on 279.01 and now the market is closed

So now we are on the futures market and the question is - will the DOW fall back

We know its crazy volatile

It will take cable with it if it goes - we know that

ok charty stuff is fun - but lets not restrict our peripheral vision
  • #113,852
  • Jan 21, 2009 3:15pm Jan 21, 2009 3:15pm
So if the daily closes as a pin bar, does that mean continued strength for the gbp? Please explain....Thanks!
  • #113,853
  • Jan 21, 2009 3:20pm Jan 21, 2009 3:20pm
Quoting eohater
Looks like we will get one on the daily as well. let's see how she plays out.
I closed out at the h1 50sma we could drop again after 5pm est. Maybe a new entry at the m15 50ema...
Patience + Discipline - Greed = Success
  • #113,854
  • Jan 21, 2009 3:21pm Jan 21, 2009 3:21pm
Quoting TheProdigy
So if the daily closes as a pin bar, does that mean continued strength for the gbp? Please explain....Thanks!
That would be the idea. If you look at the daily, after the low it bounced up. Basically the bulls took over. I'm not saying long or short, but if you traded the daily charts, you would be looking for a long position. Who knows though? I'm not confident enough to make that call myself.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #113,855
  • Jan 21, 2009 3:24pm Jan 21, 2009 3:24pm
Quoting Infinity
I closed out at the h1 50sma we could drop again after 5pm est. Maybe a new entry at the m15 50ema...

I have one soldier left. I closed most out at 1.4. She was too tasty to not take the profit. There will be more entries later or I'll get stopped out for 100 pips on my remaining soldier, either way, it's all good.
Just digging in the trenches like everyone else!
  • #113,856
  • Jan 21, 2009 3:26pm Jan 21, 2009 3:26pm
Yea Eo sure looks sweet if it closes like that 35 min for me


Quoting eohater
Looks like we will get one on the daily as well. let's see how she plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: 25,usd,gbp ,daily pin20-01-09.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,857
  • Jan 21, 2009 3:26pm Jan 21, 2009 3:26pm
Quoting eohater
I have one soldier left. I closed most out at 1.4. She was too tasty to not take the profit. There will be more entries later or I'll get stopped out for 100 pips on my remaining soldier, either way, it's all good.
Great trading bro!!! The daily 5sma is in line with the bottom of the wedge and with us unemployment claims coming up... it could happen!
Patience + Discipline - Greed = Success
  • #113,858
  • Jan 21, 2009 3:29pm Jan 21, 2009 3:29pm
Quoting Bones
Yea Eo sure looks sweet if it closes like that 35 min for me
My daily closes in 2 mins.... pin bar it is...
Patience + Discipline - Greed = Success
  • #113,859
  • Jan 21, 2009 3:32pm Jan 21, 2009 3:32pm
If it closes over 1.4.....

well it would then be a very nice hammer for me

Quoting Infinity
My daily closes in 2 mins.... pin bar it is...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #113,860
  • Jan 21, 2009 3:34pm Jan 21, 2009 3:34pm
Quoting Bones
If it closes over 1.4.....

well it would then be a very nice hammer for me
Mine closed at 3986..
Patience + Discipline - Greed = Success
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