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Cable Update (GBPUSD)

  • #114,341
  • Jan 23, 2009 1:55am Jan 23, 2009 1:55am
we at the bottom of my channel on my 15m
we should move up from here befor coming down.
Keep It Simple Stupid
  • #114,342
  • Jan 23, 2009 1:56am Jan 23, 2009 1:56am
Quoting manize
Now secured +8 pips !
cool
money is for living
  • #114,343
  • Jan 23, 2009 1:56am Jan 23, 2009 1:56am
Quoting manize
Now secured +8 pips !
It's hit now. Will test again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,344
  • Jan 23, 2009 1:57am Jan 23, 2009 1:57am
EO, should you not be sleeping?
Keep It Simple Stupid
  • #114,345
  • Jan 23, 2009 1:58am Jan 23, 2009 1:58am
Quoting Alastair
EO, should you not be sleeping?
I had a nap earlier, just got up about 1h ago.
Just digging in the trenches like everyone else!
  • #114,346
  • Jan 23, 2009 2:01am Jan 23, 2009 2:01am
hopefully 100 pips before it went down again ....daily candle still bearish...hmm...
money is for living
  • #114,347
  • Jan 23, 2009 2:01am Jan 23, 2009 2:01am
Quoting eohater
I'm long at 3695, but SL is tight at 3670. I'll long her lower down, but I'm not going to let it get away from me.
SL moved to +3
Just digging in the trenches like everyone else!
  • #114,348
  • Jan 23, 2009 2:02am Jan 23, 2009 2:02am
Quoting fry2010
1.3680 will be interesting.
Agreed, I see 1.3680 is the last historical support and then the next is at 1.0463 in 1985 ... ?
  • #114,349
  • Jan 23, 2009 2:02am Jan 23, 2009 2:02am
Quoting eohater
I had a nap earlier, just got up about 1h ago.
yesterday you told me to put my stop 2 working candles back at the rate it opened at, what do i do know when that is above my entry point?
Keep It Simple Stupid
  • #114,350
  • Jan 23, 2009 2:03am Jan 23, 2009 2:03am
possible fakeout and back into a parallel?
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  • #114,351
  • Jan 23, 2009 2:03am Jan 23, 2009 2:03am
iv shorted her ass, hope it doesnt turn sour. I dont think the 1.3680 will hold.
  • #114,352
  • Jan 23, 2009 2:04am Jan 23, 2009 2:04am
A bit of a battle here at 13700. Long @ 13698 for a bounce with sell orders below if it should break, but it seems as if there is usually a bit of a bounce at the whole number levels.

Not greedy. Will take 20 or so pips.
  • #114,353
  • Jan 23, 2009 2:06am Jan 23, 2009 2:06am
Quoting Alastair
yesterday you told me to put my stop 2 working candles back at the rate it opened at, what do i do know when that is above my entry point?
that's the art. You have to take your support levels into point at this rate. The 2 candles back is good for moving your SL once your green. I like to use my ma's on my 15m chart for the movement of my SL. Reality is 3680 is good support, but she had a taste of the lower price earlier in the week. I wouldn't be surprised to see us at 3625. We really don't have a bullish candle confirming the change in direction. Yes, we have trend lines and support resistance, but we don't have the PA confirming the northbound move. All arrows are pointing south in reality. This could just be a pullback, if we can't get above 3725, she could be diving deep.
Just digging in the trenches like everyone else!
  • #114,354
  • Jan 23, 2009 2:09am Jan 23, 2009 2:09am
Quoting eohater
that's the art. You have to take your support levels into point at this rate. The 2 candles back is good for moving your SL once your green. I like to use my ma's on my 15m chart for the movement of my SL. Reality is 3680 is good support, but she had a taste of the lower price earlier in the week. I wouldn't be surprised to see us at 3625. We really don't have a bullish candle confirming the change in direction. Yes, we have trend lines and support resistance, but we don't have the PA confirming the northbound move. All arrows are pointing south...
thanx mate!
Keep It Simple Stupid
  • #114,355
  • Jan 23, 2009 2:09am Jan 23, 2009 2:09am
Quoting fry2010
iv shorted her ass, hope it doesnt turn sour. I dont think the 1.3680 will hold.
what price did you get in at? I'm still kicking myself in the ass for not taking the short off the 15m pin near the end of the US Session.
Just digging in the trenches like everyone else!
  • #114,356
  • Jan 23, 2009 2:10am Jan 23, 2009 2:10am
Quoting fry2010
iv shorted her ass, hope it doesnt turn sour. I dont think the 1.3680 will hold.
I agree with you and that is why I am just scalping a little bit of a long position here. I think it will take a bit of time to clear it, but it is very vulnerable.
  • #114,357
  • Jan 23, 2009 2:11am Jan 23, 2009 2:11am
in at 1.3718. Im targeting 1.3600. But everyone seems to be long, this has me worried.
  • #114,358
  • Jan 23, 2009 2:12am Jan 23, 2009 2:12am
watch this now, 3725 area is holding her down. This is going to be interesting. If the current 15m candle closes around 3724, I would expect shorts to come into the market.
Just digging in the trenches like everyone else!
  • #114,359
  • Jan 23, 2009 2:13am Jan 23, 2009 2:13am
Quoting eohater
watch this now, 3725 area is holding her down. This is going to be interesting. If the current 15m candle closes around 3724, I would expect shorts to come into the market.
  • #114,360
  • Jan 23, 2009 2:14am Jan 23, 2009 2:14am
Quoting fry2010
in at 1.3718. Im targeting 1.3600. But everyone seems to be long, this has me worried.
trade what you see, don't worry about others. She could go either way at this point. I'm not sure why you waited to short her. The last best short entry was around 3767. The PA on the 15m chart shows the entry with 0 drawdown.
Just digging in the trenches like everyone else!
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