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Cable Update (GBPUSD)

  • #114,141
  • Jan 22, 2009 1:19pm Jan 22, 2009 1:19pm
Quoting daffy
Looks like a lower high to me on the 15
In deed, but remember your upper time frame candles. Not the working ones, but the closed ones. They trump! Don't get me wrong, like I said before, I would be considering a short here if I wasn't long. Just remember the big picture overall. Shorts and longs can and do make money together very nicely. It's about the entry and management of the trade.
Just digging in the trenches like everyone else!
  • #114,142
  • Jan 22, 2009 1:22pm Jan 22, 2009 1:22pm
Quoting PipLand
wow the Dow has taken off!!
She was lying on the bottom of her range that she's been in. Double bottom on the dow, confirm the move to 9000-9200 over the next two weeks or so. Don't think we won't have red days, we will, but it's a basic range it's playing in.

I'm considering trading the DOW as a whole. Just need to find a broker for it that's all.
Just digging in the trenches like everyone else!
  • #114,143
  • Jan 22, 2009 1:23pm Jan 22, 2009 1:23pm
ive gone short now
  • #114,144
  • Jan 22, 2009 1:25pm Jan 22, 2009 1:25pm
Good Evening all
My first post on the forum
  • #114,145
  • Jan 22, 2009 1:27pm Jan 22, 2009 1:27pm
Quoting PipLand
ive gone short now
You can have my longs, their SL is at 3845, nice an green! Another ride will come along. I was wanting to go short there as well, just hoping for the end of day DOW rally like we had yesterday to skyrocket her ass. Might not get it, but I'll atleast get green pips.
Just digging in the trenches like everyone else!
  • #114,146
  • Jan 22, 2009 1:28pm Jan 22, 2009 1:28pm
Quoting davids
Good Evening all
My first post on the forum

Welcome to the thread! Enjoy yourself and please be respectful of others.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #114,147
  • Jan 22, 2009 1:29pm Jan 22, 2009 1:29pm
special thanks to infiniti and eohater and Pipland for the anaysis. I made 210 pips today
  • #114,148
  • Jan 22, 2009 1:29pm Jan 22, 2009 1:29pm
Quoting eohater
In deed, but remember your upper time frame candles. Not the working ones, but the closed ones. They trump! Don't get me wrong, like I said before, I would be considering a short here if I wasn't long. Just remember the big picture overall. Shorts and longs can and do make money together very nicely. It's about the entry and management of the trade.
Actually, was a bit naughty and saw it on closed candles on the 5m chart, was quite prevalent there.
  • #114,149
  • Jan 22, 2009 1:30pm Jan 22, 2009 1:30pm
Unless I've drawn it incorrectly, price looks like it is snaking along the topside of the triangle infinity drew earlier. Retest?
  • #114,150
  • Jan 22, 2009 1:30pm Jan 22, 2009 1:30pm
Quoting davids
special thanks to infiniti and eohater and Pipland for the anaysis. I made 210 pips today
Excellent day! Keep up the hard work and you can do that everyday!
Just digging in the trenches like everyone else!
  • #114,151
  • Jan 22, 2009 1:31pm Jan 22, 2009 1:31pm
Quoting daffy
Actually, was a bit naughty and saw it on closed candles on the 5m chart, was quite prevalent there.
WOW, I can't do the 5m. Good job! We'll see how she plays if it will last or if it's just a pullback for more riders. My long was closed out, Stop was too tight, but either way, I'm happy with the green pips.
Just digging in the trenches like everyone else!
  • #114,152
  • Jan 22, 2009 1:32pm Jan 22, 2009 1:32pm
Quoting eohater
Excellent day! Keep up the hard work and you can do that everyday!
Thanks Mate, I am new to forex trading and your posts are a great help
  • #114,153
  • Jan 22, 2009 1:33pm Jan 22, 2009 1:33pm
Quoting PipLand
closed and went long im dizzy now like a yoyo lol
my bonce was queezy too yesterday

like teddy kennedy on an electric fence

when you are in the right side of the trade it is quite calming
  • #114,154
  • Jan 22, 2009 1:36pm Jan 22, 2009 1:36pm
Quoting eohater
She was lying on the bottom of her range that she's been in. Double bottom on the dow, confirm the move to 9000-9200 over the next two weeks or so. Don't think we won't have red days, we will, but it's a basic range it's playing in.

I'm considering trading the DOW as a whole. Just need to find a broker for it that's all.
I personally think the dow will range for at least 5 more sessions. 8300-500 should cap this at most till some things get done in the senate. I could be wrong though.
USD Est Non Mortuus
  • #114,155
  • Jan 22, 2009 1:37pm Jan 22, 2009 1:37pm
Quoting allserene

when you are in the right side of the trade it is quite calming
Like a cigarette after performing the horizontal hula!
Hi, my name is Barry and you can keep your doctor...
  • #114,156
  • Jan 22, 2009 1:37pm Jan 22, 2009 1:37pm
ok correlation with DOW now broken - I told ya that as soon as a rule is established, they change the rules

cable marches with the DOW - pip for tick for 2 weeks then today when the DOW goes down 200 points, cable goes up

and when the DOW improves, cable comes down

They change the rules ! so expect it
  • #114,157
  • Jan 22, 2009 1:37pm Jan 22, 2009 1:37pm
Quoting PipLand
ive gone short now
I want to short too, but it scares s---t out of me.
What are your numbers, if don't mind?
  • #114,158
  • Jan 22, 2009 1:38pm Jan 22, 2009 1:38pm
Quoting cisco
the horizontal hula!

Now that's some funny.
USD Est Non Mortuus
  • #114,159
  • Jan 22, 2009 1:41pm Jan 22, 2009 1:41pm
Quoting LuckyLurker
I personally think the dow will range for at least 5 more sessions. 8300-500 should cap this at most till some things get done in the senate. I could be wrong though.
Well as long as we get free health care by spring then thats ok

I would like some fat taking off my tummy, and moving to my bottom in time for the motorbiking season

I hear they are going to move the palestinians to cuba and the cubans to gaza - so that should help too
  • #114,160
  • Jan 22, 2009 1:46pm Jan 22, 2009 1:46pm
watching for possible shorts around 1.3900/40 area. daily chart has a really nice pin bar that if high gets taken then shorts will be risky. price hit 1.3896 then fell back --looking for re-test of that area for shorts
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