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Cable Update (GBPUSD)

  • #114,161
  • Jan 22, 2009 1:47pm Jan 22, 2009 1:47pm
Quoting allserene
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

Viva la Gaza!
USD Est Non Mortuus
  • #114,162
  • Jan 22, 2009 1:48pm Jan 22, 2009 1:48pm
Quoting allserene
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
Cable seems to of only been following in the afternoons for the most part. EJ on the other hand is much easier to trade with dow.
USD Est Non Mortuus
  • #114,163
  • Jan 22, 2009 1:50pm Jan 22, 2009 1:50pm
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.
You've got a good point there!
Just digging in the trenches like everyone else!
  • #114,164
  • Jan 22, 2009 1:55pm Jan 22, 2009 1:55pm
For the long players still, here's what I would want to see. The current 1h candle close above 3873.
Just digging in the trenches like everyone else!
  • #114,165
  • Jan 22, 2009 1:56pm Jan 22, 2009 1:56pm
Seems to be bouncing off the trendline on the 15m, plus it's close to the 3900 level ...
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  • #114,166
  • Jan 22, 2009 2:03pm Jan 22, 2009 2:03pm
Quoting daffy
Seems to be bouncing off the trendline on the 15m, plus it's close to the 3900 level ...
that's a nice looking chart you've got going on there!
Just digging in the trenches like everyone else!
  • #114,167
  • Jan 22, 2009 2:07pm Jan 22, 2009 2:07pm
Quoting eohater
that's a nice looking chart you've got going on there!
It's inspired by this dude who yaps about trading what you see in some other thread on this forum ... perhaps you've read it or heard of the author?
  • #114,168
  • Jan 22, 2009 2:08pm Jan 22, 2009 2:08pm
Quoting daffy
It's inspired by this dude who yaps about trading what you see in some other thread on this forum ... perhaps you've read it or heard of the author?
I'll have to check it out.
Just digging in the trenches like everyone else!
  • #114,169
  • Jan 22, 2009 2:13pm Jan 22, 2009 2:13pm
We've already hit the 61.8 retracement of today's high to low.

Are we going any higher?
Hi, my name is Barry and you can keep your doctor...
  • #114,170
  • Jan 22, 2009 2:16pm Jan 22, 2009 2:16pm
yes the forex market always seems to go contrary to the the lurid news on the telly - but the day after

as soon a people think the UK is turning to cannibalism and all the lights are going out - the market whips their positions away and sets off in the other direction

fortunately, I know how this works now

It's weird that the bad news is still as valid as it was when it caused the market to move, but the day after, it's all forgotten !

that rule doesn't seem to change much
  • #114,171
  • Jan 22, 2009 2:19pm Jan 22, 2009 2:19pm
Quoting cisco
We've already hit the 61.8 retracement of today's high to low.

Are we going any higher?
She's on the edge of one way or another!

Here's my 1h. We're above the 1h 50ema, she could do what she did last night and just fall again now.
Attached Image (click to enlarge)
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Just digging in the trenches like everyone else!
  • #114,172
  • Jan 22, 2009 2:20pm Jan 22, 2009 2:20pm
Quoting allserene
yes the forex market always seems to go contrary to the the lurid news on the telly - but the day after

as soon a people think the UK is turning to cannibalism and all the lights are going out - the market whips their positions away and sets off in the other direction

fortunately, I know how this works now

It's weird that the bad news is still as valid as it was when it caused the market to move, but the day after, it's all forgotten !

that rule doesn't seem to change much
It's forgotten because all the traders binge drink when they finish work, and they forget all the news.
  • #114,173
  • Jan 22, 2009 2:22pm Jan 22, 2009 2:22pm
Quoting eohater
She's on the edge of one way or another!

Here's my 1h. We're above the 1h 50ema, she could do what she did last night and just fall again now.
I was hoping she'd make 3900, then at least I'd have a reason to short. This is boring.
Hi, my name is Barry and you can keep your doctor...
  • #114,174
  • Jan 22, 2009 2:23pm Jan 22, 2009 2:23pm
Quoting Komissar
I want to short too, but it scares s---t out of me.
What are your numbers, if don't mind?
sorry i didnt reply earlier im just catching up on the thread now i got stopped out earlier on my short i re entered at 3875 im still holding it SL 3902 TP havent got a clue yet. I wasnt scared to short there because of this.

As long as you can identify where your SL is then you shouldnt have to worry about entering
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  • #114,175
  • Jan 22, 2009 2:24pm Jan 22, 2009 2:24pm
Broke the trendline I posted earlier, but it's now struggling to break 3900. I'm flat - unclear which way it's going to go atm.
  • #114,176
  • Jan 22, 2009 2:24pm Jan 22, 2009 2:24pm
Quoting allserene
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
Yeah its being on the right side that the hard part
  • #114,177
  • Jan 22, 2009 2:26pm Jan 22, 2009 2:26pm
Quoting daffy
It's forgotten because all the traders binge drink when they finish work, and they forget all the news.
  • #114,178
  • Jan 22, 2009 2:29pm Jan 22, 2009 2:29pm
Anyone have a 4h candle that closed 30m ago they could post?
Just digging in the trenches like everyone else!
  • #114,179
  • Jan 22, 2009 2:32pm Jan 22, 2009 2:32pm
Quoting eohater
Anyone have a 4h candle that closed 30m ago they could post?

For those who's 4h candle closes in 30m, I'm looking for mine to close above 3895 for confirmation of the long continuation. Otherwise, she could be down periscope. Problem though, volume is going to start dropping off in 1h 30m.
Just digging in the trenches like everyone else!
  • #114,180
  • Jan 22, 2009 2:34pm Jan 22, 2009 2:34pm
Quoting eohater
Anyone have a 4h candle that closed 30m ago they could post?
here ya go
Attached Image (click to enlarge)
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