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Cable Update (GBPUSD)

  • #114,041
  • Jan 22, 2009 10:50am Jan 22, 2009 10:50am
Quoting PipLand
Any other tim eI would have joined you on that as it touchd my trendline but not today as the other pairs are placed well to push this up in my opinion, could be wrong though
No worries bro! Your long from down below correct? We'll both make pips on her. I wish I wouldn't have closed my long out earlier. I had her once at 3700 and another time 3715 going long. 3700 closed +2, 3715 was for +60, and I'm +2 currently and took some off already since the 15m 50 is holding so well.
Just digging in the trenches like everyone else!
  • #114,042
  • Jan 22, 2009 10:51am Jan 22, 2009 10:51am
Quoting eohater
That's my attitude, over holding mine too long. I've been short and long and long again on her ass this morning and currently short but covered at +2. the 15m 50 is holding nicely atm.
Good trade brother! I was going to go short up there as well but I am thinking it will retest those highs first... If it fails on the retest... I'm in...
Patience + Discipline - Greed = Success
  • #114,043
  • Jan 22, 2009 10:52am Jan 22, 2009 10:52am
Quoting Vourvoul
HL LL
Thank you... I was just about to post that!
Patience + Discipline - Greed = Success
  • #114,044
  • Jan 22, 2009 10:54am Jan 22, 2009 10:54am
Quoting Infinity
Good trade brother! I was going to go short up there as well but I am thinking it will retest those highs first... If it fails on the retest... I'm in...
I'm looking now at the 1h 50 for a possible short opprotunity. My last one was closed +2. It's all good though, been a good day trading.
Just digging in the trenches like everyone else!
  • #114,045
  • Jan 22, 2009 10:54am Jan 22, 2009 10:54am
good support on 15m 5sma and it appears 50ema held it up. Person who posted about the 4h W formation could be on to something...
  • #114,046
  • Jan 22, 2009 10:55am Jan 22, 2009 10:55am
Quoting Vourvoul
HL LL
Sweet, now I SEE!!!.......... :nerd:
  • #114,047
  • Jan 22, 2009 10:56am Jan 22, 2009 10:56am
Quoting eohater
My scuba gear is on. I took my classic countertrend trade once the candle closes across the 15m 30/50. I'm short from 3842, SL +2 and looking for the depths. The Dow has gone to maga red status. If the dow breaks 7800, it's going to 6000 quickly and cable will see 1.25 just as quick. Today however, I'm targeting the low for TP. I'll be securing profit along the way as the journey gets underway.

Trade well everyone!
EO
Hey eo:

As always thanks for your insight on this market. I am learning your strategys for this market regarding the ma's and candlestick price action. Thanks for letting us on this thread know what your thoughts are and ideas to look at when determining spots to enter exit.
  • #114,048
  • Jan 22, 2009 10:56am Jan 22, 2009 10:56am
Quoting eohater
No worries bro! Your long from down below correct? We'll both make pips on her. I wish I wouldn't have closed my long out earlier. I had her once at 3700 and another time 3715 going long. 3700 closed +2, 3715 was for +60, and I'm +2 currently and took some off already since the 15m 50 is holding so well.
yeah long from 3696 and upwards, Mate ive been doing that for most of this week, +1 +2's coming out of my ear
  • #114,049
  • Jan 22, 2009 10:56am Jan 22, 2009 10:56am
Quoting eohater
I'm looking now at the 1h 50 for a possible short opprotunity. My last one was closed +2. It's all good though, been a good day trading.
nice to see others prosper..it was was a great day..just winding down...waiting for the 1 hr 50 dip
  • #114,050
  • Jan 22, 2009 10:57am Jan 22, 2009 10:57am
Quoting Infinity
Thank you... I was just about to post that!
Quoting AmeriTrini
Sweet, now I SEE!!!.......... :nerd:
Let's see if it plays out now.
  • #114,051
  • Jan 22, 2009 10:59am Jan 22, 2009 10:59am
Quoting PipLand
yeah long from 3696 and upwards, Mate ive been doing that for most of this week, +1 +2's coming out of my ear
There better than -20 or -50 bro...you can atleast afford coffee with +2.
Just digging in the trenches like everyone else!
  • #114,052
  • Jan 22, 2009 10:59am Jan 22, 2009 10:59am
Quoting koorb
Hey eo:

As always thanks for your insight on this market. I am learning your strategys for this market regarding the ma's and candlestick price action. Thanks for letting us on this thread know what your thoughts are and ideas to look at when determining spots to enter exit.
Glad you find them beneficial!
Just digging in the trenches like everyone else!
  • #114,053
  • Jan 22, 2009 11:01am Jan 22, 2009 11:01am
Quoting eohater
There better than -20 or -50 bro...you can atleast afford coffee with +2.
A coffee in London but dunno about anywhere else with this exchange rate
  • #114,054
  • Jan 22, 2009 11:02am Jan 22, 2009 11:02am
Watch it here, if you want to go short, think around 3860 with TIGHT SL, longs need for her to go around 3818 for me to take a long, again tight SL around 3800 for that long. She's boiling!
Just digging in the trenches like everyone else!
  • #114,055
  • Jan 22, 2009 11:03am Jan 22, 2009 11:03am
Quoting eohater
I'm looking now at the 1h 50 for a possible short opprotunity. My last one was closed +2. It's all good though, been a good day trading.
I think we could see 1.36 something before friday night

not trading much on friday though !

that just happens to other people from now on
  • #114,056
  • Jan 22, 2009 11:03am Jan 22, 2009 11:03am
Quoting PipLand
A coffee in London but dunno about anywhere else with this exchange rate
You'd be covered here in the states. If not, I'd help you out with a couple of my +2's...
Just digging in the trenches like everyone else!
  • #114,057
  • Jan 22, 2009 11:03am Jan 22, 2009 11:03am
Quoting allserene
I think we could see 1.36 something before friday night

not trading much on friday though !

that just happens to other people from now on
I think you're right!
Just digging in the trenches like everyone else!
  • #114,058
  • Jan 22, 2009 11:04am Jan 22, 2009 11:04am
Quoting eohater
Watch it here, if you want to go short, think around 3860 with TIGHT SL, longs need for her to go around 3818 for me to take a long, again tight SL around 3800 for that long. She's boiling!
Yeah also were outside the trendline unless we get back into that downtrendline then im holding my longs
  • #114,059
  • Jan 22, 2009 11:06am Jan 22, 2009 11:06am
Hey guys!!!
That "W" thing was working but now 1.3856 level could create a extension.
Anyway, great idea!!!
  • #114,060
  • Jan 22, 2009 11:06am Jan 22, 2009 11:06am
DOW down 269 at 7968
the sky is falling

If my correlation theory is right then cable is due for a header
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