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Cable Update (GBPUSD)

  • #114,221
  • Jan 22, 2009 3:08pm Jan 22, 2009 3:08pm
Daily candle, who's closes first? Mine doesn't close for another 1h. I know some close in 3h's. Who has one closing in 30m?
Just digging in the trenches like everyone else!
  • #114,222
  • Jan 22, 2009 3:10pm Jan 22, 2009 3:10pm
Quoting eohater
Too late in the day for me to take that short off the 15m pin. Whoever does, trade it well and secure your profits. She could send her back to 384x area maybe even 382x. Buyers will be down there.
It turned out ok but your right about the time i lost all track of it today!! DOh

im thinking this could go to 3770- 3780 then shoot up
  • #114,223
  • Jan 22, 2009 3:11pm Jan 22, 2009 3:11pm
It is time to long GBP. If tomorrow's eur economic data will be at least as expected, it'll go up and will pull cable up as well. Iniatial TP line that I am looking for is around 1.4115. Most probably, cable is going to breach that and test 1.4270 line in nearest future.

Good trade to all.
  • #114,224
  • Jan 22, 2009 3:12pm Jan 22, 2009 3:12pm
She might go a little higher with many daily closes at 5:00 or 7:00. Swap hunters might jump in, although there isn't much swap left these days.
Hi, my name is Barry and you can keep your doctor...
  • #114,225
  • Jan 22, 2009 3:14pm Jan 22, 2009 3:14pm
Quoting Taskuristyli
It is time to long GBP. If tomorrow's eur economic data will be at least as expected, it'll go up and will pull cable up as well. Iniatial TP line that I am looking for is around 1.4115. Most probably, cable is going to breach that and test 1.4270 line in nearest future.

Good trade to all.
I'm not sure I would take a long atm. I don't disagree with you, but there will be a pullback. I wouldn't go short right now either. Sides and cash as a position is probably the best one around right now. Plus I know there will be people shorting around 3970, I'll be one of them probably, not that I won't go back long, but I need to see how the daily candle closes.
Just digging in the trenches like everyone else!
  • #114,226
  • Jan 22, 2009 3:18pm Jan 22, 2009 3:18pm
Quoting Taskuristyli
It is time to long GBP. If tomorrow's eur economic data will be at least as expected, it'll go up and will pull cable up as well. Iniatial TP line that I am looking for is around 1.4115. Most probably, cable is going to breach that and test 1.4270 line in nearest future.

Good trade to all.
I was worried that news tomorrow would sink cable
  • #114,227
  • Jan 22, 2009 3:18pm Jan 22, 2009 3:18pm
Ok guys, I'm going to leave the mic now. Watch your daily closes. Those who went short off the 15m pin, should be covered +2 atm or maybe more.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #114,228
  • Jan 22, 2009 3:19pm Jan 22, 2009 3:19pm
Quoting eohater
Ok guys, I'm going to leave the mic now. Watch your daily closes. Those who went short off the 15m pin, should be covered +2 atm or maybe more.

Trade well everyone!
EO
cheers, all covered, catch you later
  • #114,229
  • Jan 22, 2009 3:23pm Jan 22, 2009 3:23pm
One more before I go, she's bouncing off the 1h 50. Watch how this plays out. Like I said before, shorts, get yourself covered green.
Just digging in the trenches like everyone else!
  • #114,230
  • Jan 22, 2009 3:23pm Jan 22, 2009 3:23pm
Quoting allserene
I will do the comic relief
I don't want to miss it. When are you going to start?

(just kidding!)
Hi, my name is Barry and you can keep your doctor...
  • #114,231
  • Jan 22, 2009 3:24pm Jan 22, 2009 3:24pm
Just wanted to say what a great thread this is and thanks to all who post here, but particularly today. I've been lurking for a few days and didn't really have any reason to get a login as I'll probably be lurking for a while longer before I can post anything useful.

However, I did get a logon just to express the above. I'm a newbie to forex although traded energy commodities for a living a while back. I'm also a Brit living in France with a bit of an exposure to EUR/GBP that I'd rather not have at the moment hence my reason for getting started in Forex . I've learnt a huge amount here, especially today - just the little tips and tricks, plus of course the analysis you are all sharing. And all in a good spirit with some good banter.

Cheers
  • #114,232
  • Jan 22, 2009 3:25pm Jan 22, 2009 3:25pm
Quoting eohater
Ok guys, I'm going to leave the mic now. Watch your daily closes. Those who went short off the 15m pin, should be covered +2 atm or maybe more.

Trade well everyone!
EO
cheers mate, your comments are always appreciated here
  • #114,233
  • Jan 22, 2009 3:25pm Jan 22, 2009 3:25pm
Made +6 on the short befiore SL kicked in
  • #114,234
  • Jan 22, 2009 3:27pm Jan 22, 2009 3:27pm
Quoting FrenchPips
Just wanted to say what a great thread this is and thanks to all who post here, but particularly today. I've been lurking for a few days and didn't really have any reason to get a login as I'll probably be lurking for a while longer before I can post anything useful.

However, I did get a logon just to express the above. I'm a newbie to forex although traded energy commodities for a living a while back. I'm also a Brit living in France with a bit of an exposure to EUR/GBP that I'd rather not have at the moment hence my reason for getting started...
Welcome to the thread! We have some great members in here who really help each other and show the light on the other side of the tunnel. If you're new to Forex, spend some quality time at babypips.com The time you spend there will be invaluable.

Trade well and contribute anytime! Questions are always welcomed!
EO
Just digging in the trenches like everyone else!
  • #114,235
  • Jan 22, 2009 3:35pm Jan 22, 2009 3:35pm
Ok, I didn't think the thread would go dead. Here's one more. Watching the current 1h candle. I'd be looking for her to close below 3878 and move my SL on my short from the 15m pin bar accordingly (using the 5/10/21 for my SL levels). Remember though, volume is low and spikes are abound for the next 2h's.
Just digging in the trenches like everyone else!
  • #114,236
  • Jan 22, 2009 3:47pm Jan 22, 2009 3:47pm
For those whoe overlay ma's on your charts. Notice how the 15m their starting to go flat? Converging together? There could be some nice ping pong action during the asian session tonight.
Just digging in the trenches like everyone else!
  • #114,237
  • Jan 22, 2009 3:49pm Jan 22, 2009 3:49pm
Quoting eohater
For those whoe overlay ma's on your charts. Notice how the 15m their starting to go flat? Converging together? There could be some nice ping pong action during the asian session tonight.
Sure could........

When does your daily close????

HOLLA
  • #114,238
  • Jan 22, 2009 3:50pm Jan 22, 2009 3:50pm
Notice the challenge with 3878 on the 1h? She's playing around right now. Probably be within 1 pip like the last time. But, the 1 pip last time, confirmed she was pulling back, that along with the 15m pinbar. Wrong time of day for me to have taken the trade, but atleast 35pips could have been made with 0 draw down. Now that's good risk/reward trading.
Just digging in the trenches like everyone else!
  • #114,239
  • Jan 22, 2009 3:51pm Jan 22, 2009 3:51pm
argh, I miss down trend @ TF 15 M but, She give me up trend,

oke, my target completed...

I'm out now..

happy green pips all...

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  • #114,240
  • Jan 22, 2009 3:51pm Jan 22, 2009 3:51pm
Quoting Turtle
Sure could........

When does your daily close????

HOLLA
10m brother. I'm not sold on the long boat just yet, probably have a trek down south during london session and range during the US Session.
Just digging in the trenches like everyone else!
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