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Cable Update (GBPUSD)

  • #115,181
  • Jan 26, 2009 5:21pm Jan 26, 2009 5:21pm
Quoting eohater
I outta here everyone! Bag some pips while I'm gone. I'll be back on later. Family time is about to begin.

Trade well!
EO
Cheers Eo, catch you later!
  • #115,182
  • Jan 26, 2009 5:27pm Jan 26, 2009 5:27pm
just a couple more pips and we hit 1.4
Twitter: @forexpokerpro
  • #115,183
  • Jan 26, 2009 6:32pm Jan 26, 2009 6:32pm
Quoting eohater
I outta here everyone! Bag some pips while I'm gone. I'll be back on later. Family time is about to begin.

Trade well!
EO
Enjoy family time bro!! Here's my daily....
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Patience + Discipline - Greed = Success
  • #115,184
  • Jan 26, 2009 7:00pm Jan 26, 2009 7:00pm
Short order, 1.3960. Expected TP: 1.3800 SL 1.4030

Today should be bearish, correction or trend continuation from yesterday, what do u think?
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  • #115,185
  • Jan 26, 2009 7:07pm Jan 26, 2009 7:07pm
looking for bounce off 3900. then long
  • #115,186
  • Jan 26, 2009 7:35pm Jan 26, 2009 7:35pm
on the m15 price could bounce off the 50ema at about 1.3926 or the 62ema at about 1.3908. should watch those two levels of resistance.
  • #115,187
  • Jan 26, 2009 7:45pm Jan 26, 2009 7:45pm
A push back above 3960 area would be a break of the m15 ma's that are being drawndown.. as well as the m5 and provide suppport. I'll evaluate CCI there... but that is what I'm currently looking for.
DireXiv Make it happen, no one else is going to do it for you...
  • #115,188
  • Jan 26, 2009 8:12pm Jan 26, 2009 8:12pm
Quoting DireXiv
A push back above 3960 area would be a break of the m15 ma's that are being drawndown.. as well as the m5 and provide suppport. I'll evaluate CCI there... but that is what I'm currently looking for.

I went long at 1.3942 with a tight SL and tp at 1.4062 based on 10 min doji. Now, 1h candle convinced me to stay long. However, at this time of the day i wouldn't be surprised if cable drops heavily due to market makers though.
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  • #115,189
  • Jan 26, 2009 8:14pm Jan 26, 2009 8:14pm
Ya, I didnt' get my closes on m15 or m5 that I wanted... ma's still resistance and cci no good.... i'm still on the sidelines e/u and g/u

Quoting laromanell
I went long at 1.3942 with a tight SL and tp at 1.4062 based on 10 min doji. Now, 1h candle convinced me to stay long. However, at this time of the day i wouldn't be surprised if cable drops heavily due to market makers though.
DireXiv Make it happen, no one else is going to do it for you...
  • #115,190
  • Jan 26, 2009 8:19pm Jan 26, 2009 8:19pm
I have gotten out of my short order at the strong support of 1.3933.

Now price seems to move up. I am not sure man, but looking at the fibs, it could be a reversal on the 23.6 fib line based on last uptrend in 4h chart.

This may retrace to the 61.8 level of previous major downtrend from 4H. about 1.43.

I think i will stay on the side lines too.
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  • #115,191
  • Jan 26, 2009 9:02pm Jan 26, 2009 9:02pm
Quoting DireXiv
Ya, I didnt' get my closes on m15 or m5 that I wanted... ma's still resistance and cci no good.... i'm still on the sidelines e/u and g/u
It was a clear bounce off the m15 50ema.. I was waiting for it...just closed a long for 110 pips.. looking for a new entry now..
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Patience + Discipline - Greed = Success
  • #115,192
  • Jan 26, 2009 9:17pm Jan 26, 2009 9:17pm
A possible double top
  • #115,193
  • Jan 26, 2009 9:18pm Jan 26, 2009 9:18pm
Ya, it was a great bounce... I missed it.. so had to look for another entry.. nice take.. I took the e/u move instead.


Quoting Infinity
It was a clear bounce off the m15 50ema.. I was waiting for it...just closed a long for 110 pips.. looking for a new entry now..
DireXiv Make it happen, no one else is going to do it for you...
  • #115,194
  • Jan 26, 2009 9:20pm Jan 26, 2009 9:20pm
Quoting koorb
A possible double top
Possible yes... but I would wait for the hourly to close before taking that short..
Patience + Discipline - Greed = Success
  • #115,195
  • Jan 26, 2009 9:26pm Jan 26, 2009 9:26pm
h4 50ema is right here.. so be careful with long up here...
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  • #115,196
  • Jan 26, 2009 9:26pm Jan 26, 2009 9:26pm
Quoting Infinity
Possible yes... but I would wait for the hourly to close before taking that short..

Patience: Always wait for confirmation. Hardest part of trading for me.
  • #115,197
  • Jan 26, 2009 9:28pm Jan 26, 2009 9:28pm
Quoting koorb
Patience: Always wait for confirmation. Hardest part of trading for me.
When you master patience... 95% of your problems are solved....
Patience + Discipline - Greed = Success
  • #115,198
  • Jan 26, 2009 9:31pm Jan 26, 2009 9:31pm
Hey Infinity:

Where the cable is now trading are you just looking for PA and candle formations to determine a entry.
  • #115,199
  • Jan 26, 2009 9:33pm Jan 26, 2009 9:33pm
looks like a bull run to 1.43

to me, i will get in if price closes above previous high. at around 1.4077
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  • #115,200
  • Jan 26, 2009 9:33pm Jan 26, 2009 9:33pm
May or may not make a difference.. will be watching pa.. but the h1 200 ema is right at 1.41 on my chart.... keep an eye out for it.

possible short here... watching m5
DireXiv Make it happen, no one else is going to do it for you...
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