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Cable Update (GBPUSD)

  • #115,121
  • Jan 26, 2009 2:30pm Jan 26, 2009 2:30pm
LOL thank you on 1h I don't see it going much higher but I could be wrong
  • #115,122
  • Jan 26, 2009 2:34pm Jan 26, 2009 2:34pm
Quoting sofia101
Hi all I just took a crazy chance and went short on cable from 1.3970 lets see how it will play out

There is only you and me - everyone else is strapped in for take off

Looks like US is finished and the the UK is the new leader out of the recession

er hum

Actually the USD at under 1.3 euros was very good news for Germany - they say these things are cyclical and this is how the cycle works

or it would be if anyone wanted to buy anything

The merc advert on telly makes me laugh - 'There has never been a better time to buy a S class Mercedes' - tell it to the bosses in Detroit !
  • #115,123
  • Jan 26, 2009 2:34pm Jan 26, 2009 2:34pm
ps if this isnt a double top on the 1 hour - then longs are in trouble
  • #115,124
  • Jan 26, 2009 2:34pm Jan 26, 2009 2:34pm
short at 3990 - looking for possible 3850
  • #115,125
  • Jan 26, 2009 2:39pm Jan 26, 2009 2:39pm
Short 3986

  • #115,126
  • Jan 26, 2009 2:39pm Jan 26, 2009 2:39pm
man, it going to long this week
GELORE
  • #115,127
  • Jan 26, 2009 2:39pm Jan 26, 2009 2:39pm
Quoting sofia101
LOL thank you on 1h I don't see it going much higher but I could be wrong
Trade what you see. I'm flat currently. Waiting for the daily close. If I was to go short, it would have been at 3990 with SL on the other side of 4015.
Just digging in the trenches like everyone else!
  • #115,128
  • Jan 26, 2009 2:40pm Jan 26, 2009 2:40pm
Quoting eohater
We are going to get one hell of a bullish candle at the end of the day if we keep this up.
yes the ranges of late have been breath taking, like 3 days trade all in one day....
Trading is 80% Emotional, 20% Technical
  • #115,129
  • Jan 26, 2009 2:40pm Jan 26, 2009 2:40pm
Quoting allserene
There is only you and me - everyone else is strapped in for take off

Looks like US is finished and the the UK is the new leader out of the recession

er hum

Actually the USD at under 1.3 euros was very good news for Germany - they say these things are cyclical and this is how the cycle works

or it would be if anyone wanted to buy anything

The merc advert on telly makes me laugh - 'There has never been a better time to buy a S class Mercedes' - tell it to the bosses in Detroit !
I am glad I am not the only one who see it
  • #115,130
  • Jan 26, 2009 2:41pm Jan 26, 2009 2:41pm
Quoting fx local
yes the ranges of late have been breath taking, like 3 days trade all in one day....
I know what you mean!
Just digging in the trenches like everyone else!
  • #115,131
  • Jan 26, 2009 2:42pm Jan 26, 2009 2:42pm
when the price go at 1.4XX this is a time for me to go and enter.
GELORE
  • #115,132
  • Jan 26, 2009 2:42pm Jan 26, 2009 2:42pm
Quoting eohater
Trade what you see. I'm flat currently. Waiting for the daily close. If I was to go short, it would have been at 3990 with SL on the other side of 4015.
My sl is even higher but it will be ok
  • #115,133
  • Jan 26, 2009 2:43pm Jan 26, 2009 2:43pm
for those short, you need to get below 3957 in the next 3min and close there on the 15m chart.
Just digging in the trenches like everyone else!
  • #115,134
  • Jan 26, 2009 2:48pm Jan 26, 2009 2:48pm
Closed short @62 when new candle opened right ontop of 15m 5
  • #115,135
  • Jan 26, 2009 2:49pm Jan 26, 2009 2:49pm
Quoting Si Tr4d3r
Closed short @62 when new candle opened right ontop of 15m 5
Got profiit right?
Just digging in the trenches like everyone else!
  • #115,136
  • Jan 26, 2009 2:51pm Jan 26, 2009 2:51pm
Quoting eohater
Got profiit right?
At the moment I'll take anything I can get..lol

+20 quick scalp for this time of night..
  • #115,137
  • Jan 26, 2009 2:53pm Jan 26, 2009 2:53pm
Quoting Si Tr4d3r
At the moment I'll take anything I can get..lol

+20 quick scalp for this time of night..
Good job! I would have done the same since we didn't close below the 15m 5. Another option would have been to set you SL at +2 to see if you sold the top or not. The problem is, we are building a very bullish daily candle.
Just digging in the trenches like everyone else!
  • #115,138
  • Jan 26, 2009 2:58pm Jan 26, 2009 2:58pm
Quoting eohater
Good job! I would have done the same since we didn't close below the 15m 5. Another option would have been to set you SL at +2 to see if you sold the top or not. The problem is, we are building a very bullish daily candle.
I was following the thread, and thought I might be leading my soldiers to another ambush. Was +2, Followed the ma's as instructed. Almost went long on the new candle.

Thanks for the Intel..
  • #115,139
  • Jan 26, 2009 2:59pm Jan 26, 2009 2:59pm
Quoting eohater
for those short, you need to get below 3957 in the next 3min and close there on the 15m chart.
If I was day trading then you are right - but this one is longer term as I don't think UK is out of the woods

This recession has been the same from the start with the US reporting bad news and then the others following afew weeks later

The US news is horrible but in the next week or so the others will have their own version

Chancellor Darling found hanging under Tower bridge and Ozzy Osborne takes over at the treasury and says 'get rid of that f****** cat ! Financial Times declares this a winning policy

Strangley enough, I dont expect the dollar to fall big style until the US starts to come out of recession and everyone relaxes

not for a while
  • #115,140
  • Jan 26, 2009 3:02pm Jan 26, 2009 3:02pm
I agree and I don't skalp my tp around 1.3750 then will see
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