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Cable Update (GBPUSD)

  • #114,401
  • Jan 23, 2009 2:49am Jan 23, 2009 2:49am
Bloomberg has a big red banner on : BROKEN BRITIAN
  • #114,402
  • Jan 23, 2009 2:51am Jan 23, 2009 2:51am
Not looking like I'll get the close I want. 1h candle might show more.
Just digging in the trenches like everyone else!
  • #114,403
  • Jan 23, 2009 2:52am Jan 23, 2009 2:52am
Quoting ottelo
is it possible to 1.3525 or 1.3441 level until over candle 4H over touching down on stochacstic level ? I used 5-3-3 and 14-3-3 oscillator
i will be over the moon if it reaches that and i still have my short....
  • #114,404
  • Jan 23, 2009 2:53am Jan 23, 2009 2:53am
1h candle if we close around 3680, then she's an undecisive candle to me and falls to the current trend. The 15m would support that more sellers will come in the market if we close near this level as well. Think I'll hit the bed for my final rest and battle in the US Session.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #114,405
  • Jan 23, 2009 2:53am Jan 23, 2009 2:53am
i learn from you every day, thanx EO.
Keep It Simple Stupid
  • #114,406
  • Jan 23, 2009 2:55am Jan 23, 2009 2:55am
Quoting Jnita
Bloomberg has a big red banner on : BROKEN BRITIAN
lol! Yeah and Rogers is tearing into them
  • #114,407
  • Jan 23, 2009 2:57am Jan 23, 2009 2:57am
Hey guys....

While i've been trading for a few years... i'm still taking in everything I can.... So, I have to give props to everyone for all the info...

I entered on m5 stall right before candle close at 3650..... turned out to be a GREAT entry... while I took profit at the top of the spike when it stalled... I never would have even taken that trade a couple months ago...

M15 still looks short on g/u.. e/u could go either way

So THANKS FOR THE PIPS! (I'm keeping them) that makes 110 for the day so far

DireXiv Make it happen, no one else is going to do it for you...
  • #114,408
  • Jan 23, 2009 3:03am Jan 23, 2009 3:03am
Quoting eohater
1h candle if we close around 3680, then she's an undecisive candle to me and falls to the current trend. The 15m would support that more sellers will come in the market if we close near this level as well. Think I'll hit the bed for my final rest and battle in the US Session.

Trade well!
EO
Indecisive close for me. If I had to trade, I'd take the long now, SL around 3623. But I'm not sold on a long position and I'm not going to trade the trend. So, have a good session guys.
Just digging in the trenches like everyone else!
  • #114,409
  • Jan 23, 2009 3:04am Jan 23, 2009 3:04am
Quoting DireXiv
Hey guys....

While i've been trading for a few years... i'm still taking in everything I can.... So, I have to give props to everyone for all the info...

I entered on m5 stall right before candle close at 3650..... turned out to be a GREAT entry... while I took profit at the top of the spike when it stalled... I never would have even taken that trade a couple months ago...

So THANKS FOR THE PIPS! (I'm keeping them)

While you thank others here, never lose sight of the fact that you are in total control of your own trading destiny. You are the one who assimilates knowledge, processes it and eventually puts it to use. You are the one that pulls the trigger with each and every trade. You are doing what 99.99% of the rest of the world can't or won't do. You are taking your own destiny in your hands and making the most of it without having some one (boss, government etc) telling you what to do.

Be proud.
  • #114,410
  • Jan 23, 2009 3:07am Jan 23, 2009 3:07am
New lows within sight now.

Time to pause and see if the bear has enough in her to break through.
  • #114,411
  • Jan 23, 2009 3:09am Jan 23, 2009 3:09am
Quoting SmoothTrader
New lows within sight now.

Time to pause and see if the bear has enough in her to break through.

Of course there will be. It has obviously broken out and if anyone is going to get in on this gravy train you should pull the trigger. This trade has been telegraphed and will be a good one.
cheers
  • #114,412
  • Jan 23, 2009 3:12am Jan 23, 2009 3:12am
Morning, folks
Yesterday night I put small short from 3882, TP 3801, and went to sleep. God, I miss a big one! But it's OK, got some greens, and there will be more.
Another day... Let's go!
  • #114,413
  • Jan 23, 2009 3:12am Jan 23, 2009 3:12am
I'm flat until GDP figures are out.
  • #114,414
  • Jan 23, 2009 3:12am Jan 23, 2009 3:12am
sleep1Iopen ur optimizem and general positive attitude is inspiring. I no that u trade positions, just wondered do u mainly use the news or ta or both? Do u actually take swing or even scalp trades at all?
  • #114,415
  • Jan 23, 2009 3:16am Jan 23, 2009 3:16am
There it goes bouncing again. It'll prolly go back up in a hurry once the news is out. Either way, I'm gonna sit back & enjoy the show
Thank You
  • #114,416
  • Jan 23, 2009 3:18am Jan 23, 2009 3:18am
Yep.. I have no entries now... to take a trade with the trend short... I need a pullback... already took the longs... so I'm flat and happy as a clam...

Has everyone thrown out the idea that this just morphs into a parallel channel?

Quoting wormboy
There it goes bouncing again. It'll prolly go back up in a hurry once the news is out. Either way, I'm gonna sit back & enjoy the show
DireXiv Make it happen, no one else is going to do it for you...
  • #114,417
  • Jan 23, 2009 3:23am Jan 23, 2009 3:23am
Quoting fry2010
sleep1Iopen ur optimizem and general positive attitude is inspiring. I no that u trade positions, just wondered do u mainly use the news or ta or both? Do u actually take swing or even scalp trades at all?
Market is built on support and resistance. Identify both for every trade and have a strategy for each direction ( non-biased ). I use all time frames to optimize each trade. It's easy to click a mouse, why not make it easier.

Scalping is for losers..........PERIOD. They have no place in this market for the long run. Big players will flush them out sooner or later.
  • #114,418
  • Jan 23, 2009 3:24am Jan 23, 2009 3:24am
double bottom could be forming--too soon to tell for me
  • #114,419
  • Jan 23, 2009 3:26am Jan 23, 2009 3:26am
Quoting c-note
double bottom could be forming--too soon to tell for me
Look again
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  • #114,420
  • Jan 23, 2009 3:30am Jan 23, 2009 3:30am
Quoting sleep1Iopen
Look again
did not say it was, said it could be--market will decide if it will or not
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