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Cable Update (GBPUSD)

  • #114,061
  • Jan 22, 2009 11:08am Jan 22, 2009 11:08am
Quoting PipLand
Yeah also were outside the trendline unless we get back into that downtrendline then im holding my longs

Hell yeah, hold that baby! Move you SL accordingly so you're securing profit. I would have it around 3775 atm if I had your trade.
Just digging in the trenches like everyone else!
  • #114,062
  • Jan 22, 2009 11:09am Jan 22, 2009 11:09am
Quoting allserene
DOW down 269 at 7968
the sky is falling

If my correlation theory is right then cable is due for a header
I agree, the sky is falling and cable is due for a header, but the dow could rally from here. She's essentially sitting on the bottom of the range she's been in since she broke 10800, the dow is definatley at a pinnacle point.
Just digging in the trenches like everyone else!
  • #114,063
  • Jan 22, 2009 11:10am Jan 22, 2009 11:10am
Quoting TexasforEX
tricky lil bugger made a new low at the 50% without truncating the 100% low. if 1.3815 goes now my analysis would be invalidated.
It really stinks when a technical setup that has multiple confirmations doesn't produce pips. Ah well, another day = a new day....

I'd love to see a final retest of the lows before a violent freaky Friday reversal.
"Timing Is Everything. Really I Swear It Is"
  • #114,064
  • Jan 22, 2009 11:11am Jan 22, 2009 11:11am
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.
It's been a good day bro! I am now on the sides though as a breakout of the triangle could be violent....either way.
Patience + Discipline - Greed = Success
  • #114,065
  • Jan 22, 2009 11:11am Jan 22, 2009 11:11am
Quoting eohater
You'd be covered here in the states. If not, I'd help you out with a couple of my +2's...

cheers mate, i'll be ok though if this goes upto 1.4 might even be able to buy a round of coffees
  • #114,066
  • Jan 22, 2009 11:13am Jan 22, 2009 11:13am
Quoting Infinity
It's been a good day bro! I am now on the sides though as a breakout of the triangle could be violent....either way.

Been a good day for me as well bro! Glad to hear you're kicking ass and taking names. You always do! I'm on the sides as well, headed for lunch and don't want to leave anything open for this warpath that could commence.
Just digging in the trenches like everyone else!
  • #114,067
  • Jan 22, 2009 11:13am Jan 22, 2009 11:13am
Quoting allserene
DOW down 269 at 7968
the sky is falling

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

Cable is due for a header.
  • #114,068
  • Jan 22, 2009 11:14am Jan 22, 2009 11:14am
Quoting eohater
Hell yeah, hold that baby! Move you SL accordingly so you're securing profit. I would have it around 3775 atm if I had your trade.
cheers for the advice, I might take a leaf out of your book and close at the 1hr 62 if we get there
  • #114,069
  • Jan 22, 2009 11:17am Jan 22, 2009 11:17am
Quoting PipLand
cheers for the advice, I might take a leaf out of your book and close at the 1hr 62 if we get there
Watch her now and keep your SL moving with her, I'd be around 3810 at this point with my SL. She's hitting her head on the 1h 50 atm. I hope you get the 1h 62bro, I just hope I'm back from lunch in time to take that short. No pending shorts for that, I'll take it based upon PA between the 15m and 1h charts.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #114,070
  • Jan 22, 2009 11:21am Jan 22, 2009 11:21am
Quoting eohater
Watch her now and keep your SL moving with her, I'd be around 3810 at this point with my SL. She's hitting her head on the 1h 50 atm. I hope you get the 1h 62bro, I just hope I'm back from lunch in time to take that short. No pending shorts for that, I'll take it based upon PA between the 15m and 1h charts.

Trade well everyone!
EO
Cheers Mate, enjoy your lunch, I might be looking for my short there too
  • #114,071
  • Jan 22, 2009 11:21am Jan 22, 2009 11:21am
Something for everyone to consider before I leave.

My 1h....
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 130 KB
Just digging in the trenches like everyone else!
  • #114,072
  • Jan 22, 2009 11:30am Jan 22, 2009 11:30am
Quoting eohater
I agree, the sky is falling and cable is due for a header, but the dow could rally from here. She's essentially sitting on the bottom of the range she's been in since she broke 10800, the dow is definatley at a pinnacle point.
switching my boring stocks that have held value into international at these exchange rates - china - and international utilities etf's

I agree about the DOW - Cramer thinks it's recovery time but I think we could see 7500 first...

GBP is doing really well though - so I was wrong that it was vulnerable - today at least
  • #114,073
  • Jan 22, 2009 11:31am Jan 22, 2009 11:31am
Quoting eohater
Watch her now and keep your SL moving with her, I'd be around 3810 at this point with my SL. She's hitting her head on the 1h 50 atm. I hope you get the 1h 62bro, I just hope I'm back from lunch in time to take that short. No pending shorts for that, I'll take it based upon PA between the 15m and 1h charts.

Trade well everyone!
EO
short now at 3880 ~
  • #114,074
  • Jan 22, 2009 11:33am Jan 22, 2009 11:33am
Quoting blurrcow
short now at 3880 ~
make sure u got a tight SL
  • #114,075
  • Jan 22, 2009 11:36am Jan 22, 2009 11:36am
Quoting eohater
Been a good day for me as well bro! Glad to hear you're kicking ass and taking names. You always do! I'm on the sides as well, headed for lunch and don't want to leave anything open for this warpath that could commence.
Glad to hear it bro!! I'm going for lunch myself... I think if this current h1 candle closes outside the triangle (seems it will), we should test the h1 62ema or maybe higher... remember the day closed as a bullish hammer yesterday and we made a higher low (so far) on the daily.
Patience + Discipline - Greed = Success
  • #114,076
  • Jan 22, 2009 11:39am Jan 22, 2009 11:39am
Quoting PipLand
make sure u got a tight SL
yup... 3920... (stoch is showing over bought...)
  • #114,077
  • Jan 22, 2009 11:40am Jan 22, 2009 11:40am
looks to be breaking out to the 1h 50ema where there appears to be a general resistance level
  • #114,078
  • Jan 22, 2009 11:44am Jan 22, 2009 11:44am
Quoting ezodisy
looks to be breaking out to the 1h 50ema where there appears to be a general resistance level
oops.. is she falling yet ??
  • #114,079
  • Jan 22, 2009 11:44am Jan 22, 2009 11:44am
this 1 hr close is very important...
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  • #114,080
  • Jan 22, 2009 11:45am Jan 22, 2009 11:45am
Quoting blurrcow
short now at 3880 ~
I was short at @3878 but suddenly I didnt fancy it so I closed as after a short pause she started up again. only a small loss.Think I will wait to see how close she gets to the H1 62ema. But good luck to you
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