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Cable Update (GBPUSD)

  • #113,981
  • Jan 22, 2009 9:45am Jan 22, 2009 9:45am
Quoting nAVIN2007
yes if theres a area to buy this is it gonna do one or the other...
yeah exactly what i think with your arrows there, good risk to reward ratio i reckon
  • #113,982
  • Jan 22, 2009 9:47am Jan 22, 2009 9:47am
Quoting janka3002
be very careful because from 1.2680 it will go straight to north
So you're telling me that it's going down 200 pips or more and then is coming up.
So I'll talk to you in five four hours

or in two minutes
  • #113,983
  • Jan 22, 2009 9:47am Jan 22, 2009 9:47am
Quoting janka3002
be very careful because from 1.2680 it will go straight to north
Did you really mean 1.2680?

At that level you may well see the Queen working the streets!
Hi, my name is Barry and you can keep your doctor...
  • #113,984
  • Jan 22, 2009 9:47am Jan 22, 2009 9:47am
Quoting Vourvoul
Any sign of equities rising?
no its down 194 at 8034 and very weak

As soon as it bottoms or gains a bit, I am betting (oops trading) on some resurgence in euro and cable

not much - just a respite

but it is so exactly correlated - forex needs shares input right now
  • #113,985
  • Jan 22, 2009 9:48am Jan 22, 2009 9:48am
Quoting cisco
Did you really mean 1.2680?

At that level you may well see the Queen working the streets!
lol im sure he meant 1.3680
  • #113,986
  • Jan 22, 2009 9:49am Jan 22, 2009 9:49am
So has cable always been so correlated with shares allserene?
  • #113,987
  • Jan 22, 2009 9:50am Jan 22, 2009 9:50am
Quoting cisco
Did you really mean 1.2680?

At that level you may well see the Queen working the streets!

That's was my fisrt thought.

But in this market and with all this news and the current situation.
anything can happen!!!
  • #113,988
  • Jan 22, 2009 9:50am Jan 22, 2009 9:50am
Quoting nAVIN2007
yes if theres a area to buy this is it gonna do one or the other...
If your not in a position, don't jump in long just yet, wait for the 1h candle to close to confirm. Once the 1h candle closes, either SL tight on, just past the wick of the closed 1h candle if you should take the long upon opening. If you wait, she might come down to the middle of the wick for a nice long opportunity with even tighter SL.

Use the 15m and the 1h charts together and you'll see the picture. She's sitting on the 5ema on the 15m. Buy around 1.37 if you can with SL around 1.3685. If she breaks it, think of a reverse order short, but you better watch that one too.

Trade well!@
EO
Just digging in the trenches like everyone else!
  • #113,989
  • Jan 22, 2009 9:51am Jan 22, 2009 9:51am
any body here using GCI?
Keep It Simple Stupid
  • #113,990
  • Jan 22, 2009 9:52am Jan 22, 2009 9:52am
sorry i meant 1.3680...
  • #113,991
  • Jan 22, 2009 9:56am Jan 22, 2009 9:56am
Quoting janka3002
sorry i meant 1.3680...

OK that is what I'm waiting for because that idea of the "W" is very interesting
  • #113,992
  • Jan 22, 2009 9:57am Jan 22, 2009 9:57am
Quoting Techmanff
OK that is what I'm waiting for because that idea of the "W" is very interesting
You might not see it check EO's post for advise for entry
  • #113,993
  • Jan 22, 2009 9:58am Jan 22, 2009 9:58am
Quoting eohater
If your not in a position, don't jump in long just yet, wait for the 1h candle to close to confirm....
yes this is hardest thing in trading using the time frames together to give bigger picture

thx for info bro!...very usefull to know
  • #113,994
  • Jan 22, 2009 10:01am Jan 22, 2009 10:01am
Quoting PipLand
yeah exactly what i think with your arrows there, good risk to reward ratio i reckon
the pin on 1hr is looking great for u...
it just has to trigger now
  • #113,995
  • Jan 22, 2009 10:02am Jan 22, 2009 10:02am
Quoting nAVIN2007
yes this is hardest thing in trading using the time frames together to give bigger picture

thx for info bro!...very usefull to know
Anytime bro, now she's up there. She could easily fall back down to the bottom. I'll be looking for buys lower and selling off the 15m 50ema. Not really sold on a long just yet at this price. Again, I'll be looking for longs down the wick and following the 15m chart. All Stops at this point on longs would be tight, 3650 is in sights and she had a taste of that price yesterday. I'll definately be looking for longs down there with Stops around 3615. She could take out yesterdays lows and just fall on to parity without looking back over her shoulder.
Just digging in the trenches like everyone else!
  • #113,996
  • Jan 22, 2009 10:03am Jan 22, 2009 10:03am
thanx EO
Keep It Simple Stupid
  • #113,997
  • Jan 22, 2009 10:03am Jan 22, 2009 10:03am
that's good that i reject Microsoft offer in the last year 5,000 job finished today.
  • #113,998
  • Jan 22, 2009 10:04am Jan 22, 2009 10:04am
Quoting cisco
Did you really mean 1.2680?

At that level you may well see the Queen working the streets!
In reckon the corgis will be on half rations if their food is imported

The Queen never worked and now the population is being promoted to the same status - now that's equality for all !

with one difference.....
  • #113,999
  • Jan 22, 2009 10:04am Jan 22, 2009 10:04am
long 13739
  • #114,000
  • Jan 22, 2009 10:06am Jan 22, 2009 10:06am
Watch this 15m candle close. She's been rejected between the 21ema and 35sma. Let's see how she closes.
Just digging in the trenches like everyone else!
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