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Cable Update (GBPUSD)

  • #115,061
  • Jan 26, 2009 11:09am Jan 26, 2009 11:09am
Quoting Shilva
locked in at +2...most likely to early but it is late in the day.

Thanks EO
Short now at 3980.... Lets see if 4010 will hold...
  • #115,062
  • Jan 26, 2009 11:14am Jan 26, 2009 11:14am
Quoting sincronic
Yeah! You're right!
1.4012 seems a good target.
Theres plenty of room for E/G to move down Im still targeting 4025
  • #115,063
  • Jan 26, 2009 11:23am Jan 26, 2009 11:23am
After trying 3 shorts today and making almost no pips......It just goes to show u that you do not need to know which way the market is going to not loose money and possibly even making a little!

Just wait and pick good levels for entry and play the bounce. If it runs great! If not then do not take a loss.
  • #115,064
  • Jan 26, 2009 11:27am Jan 26, 2009 11:27am
true! i have shorted 3 times today and made money, not much but not lost.
Made more off the 1h 62ema bounce obviously.
Keep It Simple Stupid
  • #115,065
  • Jan 26, 2009 11:33am Jan 26, 2009 11:33am
Quoting Alastair
true! i have shorted 3 times today and made money, not much but not lost.
Made more off the 1h 62ema bounce obviously.
is this the bounce down we are looking for??
  • #115,066
  • Jan 26, 2009 11:35am Jan 26, 2009 11:35am
Quoting blurrcow
is this the bounce down we are looking for??
im short again @ 1.3984
s/l @ +1
Keep It Simple Stupid
  • #115,067
  • Jan 26, 2009 11:36am Jan 26, 2009 11:36am
people always use a bigger time frame...
4H candle still not close above the line and its look will close below it... be careful in longs....
Attached Image (click to enlarge)
Click to Enlarge Name: note03.gif Size: 43 KB
  • #115,068
  • Jan 26, 2009 11:40am Jan 26, 2009 11:40am
Quoting Abuawad
people always use a bigger time frame...
4H candle still not close above the line and its look will close below it... be careful in longs....
Check out the daily bro...
Patience + Discipline - Greed = Success
  • #115,069
  • Jan 26, 2009 11:43am Jan 26, 2009 11:43am
Quoting Infinity
Check out the daily bro...
even on the daily chart, not close above it yet. and new update on the daily chart its a new down top, not broken the previous top at 1.4026. check the daily chart on line mode and you can see it clear...
  • #115,070
  • Jan 26, 2009 11:48am Jan 26, 2009 11:48am
Quoting Abuawad
even on the daily chart, not close above it yet. and new update on the daily chart its a new down top, not broken the previous top at 1.4026. check the daily chart on line mode and you can see it clear...
charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 51 KB
Click to Enlarge Name: daily_lines.gif Size: 48 KB
  • #115,071
  • Jan 26, 2009 11:55am Jan 26, 2009 11:55am
Quoting Abuawad
charts
You are right, if I call up the daily chart and zoom out, today's up move is a mere pinprick

A reaction to bad US news

Then tomorrow it will be someone else's bad news

the US might be holed beneath the waterline, but the rescue boats are sinking too - can't see any currency laughing this lot off
  • #115,072
  • Jan 26, 2009 11:59am Jan 26, 2009 11:59am
Quoting Abuawad
even on the daily chart, not close above it yet. and new update on the daily chart its a new down top, not broken the previous top at 1.4026. check the daily chart on line mode and you can see it clear...
The daily chart is not closed yet bro.. I know.. I was just pointing it out to you that on that timeframe it is showing rejection at the lows.. This current h1 may give us a short opportunity back down to 3800-3850.. I think that area will be crucial...
Patience + Discipline - Greed = Success
  • #115,073
  • Jan 26, 2009 12:04pm Jan 26, 2009 12:04pm
Quoting allserene
You are right, if I call up the daily chart and zoom out, today's up move is a mere pinprick

A reaction to bad US news

Then tomorrow it will be someone else's bad news

the US might be holed beneath the waterline, but the rescue boats are sinking too - can't see any currency laughing this lot off
let's see
Attached Image (click to enlarge)
Click to Enlarge Name: twNews.jpg Size: 47 KB
  • #115,074
  • Jan 26, 2009 12:06pm Jan 26, 2009 12:06pm
Quoting Infinity
The daily chart is not closed yet bro.. I know.. I was just pointing it out to you that on that timeframe it is showing rejection at the lows.. This current h1 may give us a short opportunity back down to 3800-3850.. I think that area will be crucial...
that being the daily fib type level ?

yes then it will hang around and tantalise us----

before seeing where the majority of positions are and then going opposite
  • #115,075
  • Jan 26, 2009 12:20pm Jan 26, 2009 12:20pm
is there any problem or just me something wrong with FF website.?
  • #115,076
  • Jan 26, 2009 12:21pm Jan 26, 2009 12:21pm
Quoting MarkyBoy
My last candle closed at 3920, so I didn't go long - following your method, would you be long yet, or would you be waiting for the next 15M candle to close (in 1 min) and if so, what would be your ideal entry?

Thanks for your advice...
Sorry, I stepped out for lunch. I didn't have an entry since the candle didn't close how I was looking..
Just digging in the trenches like everyone else!
  • #115,077
  • Edited 12:23pm Jan 26, 2009 12:21pm | Edited 12:23pm
yeah, something is definitely up with the site

update: ok, it's back to normal now... almost looked like a print form
  • #115,078
  • Jan 26, 2009 12:27pm Jan 26, 2009 12:27pm
Quoting Abuawad
is there any problem or just me something wrong with FF website.?
looks like css was lost for a moment. now is OK.
  • #115,079
  • Jan 26, 2009 12:29pm Jan 26, 2009 12:29pm
Quoting Abuawad
let's see
US gdp will be what most people have their eye on this week...
Patience + Discipline - Greed = Success
  • #115,080
  • Jan 26, 2009 1:08pm Jan 26, 2009 1:08pm
Quoting Abuawad
is there any problem or just me something wrong with FF website.?
I'm on the short bus with you now, not as high up as your are, but still short, green and covered.
Just digging in the trenches like everyone else!
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