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Cable Update (GBPUSD)

  • #114,081
  • Jan 22, 2009 9:46am Jan 22, 2009 9:46am
Quoting Infinity
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.
Add to that a wonderful 4H bullish engulfing off today's low and... away we go
  • #114,082
  • Jan 22, 2009 9:46am Jan 22, 2009 9:46am
Quoting blurrcow
yup... 3920... (stoch is showing over bought...)
nice entry im closed out and short now too how its not too early
  • #114,083
  • Jan 22, 2009 10:01am Jan 22, 2009 10:01am
Quoting blurrcow
yup... 3920... (stoch is showing over bought...)
What's your TP?
  • #114,084
  • Jan 22, 2009 10:01am Jan 22, 2009 10:01am
Quoting allserene
bon jovi galation

lookafter blighty for me eh

dont let m&s go bust before i get there on friday next as i need some new underpants - these americans are a funny shape i reckon
Maybe you should try Harrods for your pants: they have gold trim on them
Probability Professor
  • #114,085
  • Jan 22, 2009 10:02am Jan 22, 2009 10:02am
not shorting it, but will go long if I see a retrace to 13820 or so which is the confluence of 15m 50/62ema, 1h 5sma, and a general support/resistance area
  • #114,086
  • Jan 22, 2009 10:03am Jan 22, 2009 10:03am
Quoting Vourvoul
Add to that a wonderful 4H bullish engulfing off today's low and... away we go
Yes... arguments are getting stronger for longs.. We closed outside the triangle and should retest the line which also coincides with the m15 50ema.. If this area holds, we should go up, if not......
Patience + Discipline - Greed = Success
  • #114,087
  • Jan 22, 2009 10:04am Jan 22, 2009 10:04am
Quoting PipLand
nice entry im closed out and short now too how its not too early
welcome on board the down ride !! SL+2 now...
  • #114,088
  • Jan 22, 2009 10:04am Jan 22, 2009 10:04am
right now lets have a new low then please
  • #114,089
  • Jan 22, 2009 10:05am Jan 22, 2009 10:05am
Quoting blurrcow
welcome on board the down ride !! SL+2 now...
thanx glad to be onboard locked in for +1 too
  • #114,090
  • Jan 22, 2009 10:09am Jan 22, 2009 10:09am
Quoting PipLand
right now lets have a new low then please

pin is triggered..it should go down im thinking, yesterday bullish day hasnt allowed the bulls to capitalise, they didnt break the high of yesterday yet...

what will happen
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 25 KB
  • #114,091
  • Jan 22, 2009 10:11am Jan 22, 2009 10:11am
Quoting PipLand
thanx glad to be onboard locked in for +1 too
I am sorry, but what does it mean "lock +1, +2, ..."? I am a little of confused.
Does it mean you moving Stop closer to entry point when your trade gets to positive territory? Or, it's kind of hedging technics?
  • #114,092
  • Jan 22, 2009 10:11am Jan 22, 2009 10:11am
Quoting nAVIN2007
pin is triggered..it should go down im thinking, yesterday bullish day hasnt allowed the bulls to capitalise, they didnt break the high of yesterday yet...

what will happen
I think even if we don't make a new high today, providing we don't make a new low either, and we close with a long wick... we go up tomorrow
Patience + Discipline - Greed = Success
  • #114,093
  • Jan 22, 2009 10:12am Jan 22, 2009 10:12am
a close below the blue ..???
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 23 KB
  • #114,094
  • Jan 22, 2009 10:12am Jan 22, 2009 10:12am
Quoting nAVIN2007
pin is triggered..it should go down im thinking, yesterday bullish day hasnt allowed the bulls to capitalise, they didnt break the high of yesterday yet...

what will happen
That 1.4 will be tough to crack but if it goes 1.44 is next on my targets...
  • #114,095
  • Jan 22, 2009 10:13am Jan 22, 2009 10:13am
second day running now i picked a bad trade. Hedged it with a quick buy to end a small loss. Annoying.
  • #114,096
  • Jan 22, 2009 10:15am Jan 22, 2009 10:15am
Quoting nAVIN2007
pin is triggered..it should go down im thinking, yesterday bullish day hasnt allowed the bulls to capitalise, they didnt break the high of yesterday yet...

what will happen
yeah i agree bulls are struggling down cable down lol
  • #114,097
  • Jan 22, 2009 10:16am Jan 22, 2009 10:16am
Quoting Komissar
What's your TP?
i am modest trader... 1.3737 would be nice,,,

but I will activate trailing stops once it breaks 1.3790...
  • #114,098
  • Jan 22, 2009 10:17am Jan 22, 2009 10:17am
Quoting Infinity
I think even if we don't make a new high today, providing we don't make a new low either, and we close with a long wick... we go up tomorrow
agreed
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 27 KB
  • #114,099
  • Jan 22, 2009 10:17am Jan 22, 2009 10:17am
Quoting Komissar
I am sorry, but what does it mean "lock +1, +2, ..."? I am a little of confused.
Does it mean you moving Stop closer to entry point when your trade gets to positive territory? Or, it's kind of hedging technics?
when you trade goes your way when you feel comfortable with it you can lock it by moving your stop loss to keep you 1 or 2 pips in profit. Leaves a risk free trade on the table which the only way id get any sleep when leaving a trade on overnight lol
  • #114,100
  • Jan 22, 2009 10:21am Jan 22, 2009 10:21am
Quoting fry2010
second day running now i picked a bad trade. Hedged it with a quick buy to end a small loss. Annoying.
how are you hedging? same pair or different pairs? if there the same pairs then dont do it just take your loss and move onto the next trade
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