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Cable Update (GBPUSD)

  • #115,241
  • Jan 26, 2009 10:21pm Jan 26, 2009 10:21pm
Quoting eohater
sorry guys, still going up it appears.
Don't be sorry, please.
  • #115,242
  • Jan 26, 2009 10:24pm Jan 26, 2009 10:24pm
Quoting fifo
only i'm long? (@4064)
nope, i'm also long, and keeping it that way for a while
Twitter: @forexpokerpro
  • #115,243
  • Jan 26, 2009 10:25pm Jan 26, 2009 10:25pm
Need some big boys to come in and take out those stops at 4100.
  • #115,244
  • Jan 26, 2009 10:31pm Jan 26, 2009 10:31pm
Quoting deuce
Need some big boys to come in and take out those stops at 4100.
The boys are coming, just as Japan gets back from lunch........
  • #115,245
  • Jan 26, 2009 10:38pm Jan 26, 2009 10:38pm
Quoting sofia101
Hello what I see on my chart that we reach a weekly pivot but did not break it
I understand your short, biased. I don't know if your in your same short as earlier or not, but nothing wrong with trading what you see.
Just digging in the trenches like everyone else!
  • #115,246
  • Jan 26, 2009 10:42pm Jan 26, 2009 10:42pm
Untill the main trend is short I am a short bias you are right and yes I am short from before I see it going atlist to 1.3850 again I could be wrong
  • #115,247
  • Jan 26, 2009 10:43pm Jan 26, 2009 10:43pm
Quoting sofia101
Untill the main trend is short I am a short bias you are right and yes I am short from before I see it going atlist to 1.3850 again I could be wrong
I can see 3850 and alot of buyers sitting there as well.
Just digging in the trenches like everyone else!
  • #115,248
  • Jan 26, 2009 10:44pm Jan 26, 2009 10:44pm
Quoting sofia101
Untill the main trend is short I am a short bias you are right and yes I am short from before I see it going atlist to 1.3850 again I could be wrong

You should replace that word with LONG and your statement would make more sense.
  • #115,249
  • Jan 26, 2009 10:45pm Jan 26, 2009 10:45pm
Quoting eohater
I can see 3850 and alot of buyers sitting there as well.
Now 1.3850 is a daily pivot and maybe you are right
  • #115,250
  • Jan 26, 2009 10:51pm Jan 26, 2009 10:51pm
Quoting AmeriTrini
You should replace that word with LONG and your statement would make more sense.
Sorry if I don't make sense to you I trade what I see and I hope I can have my own opinion.And for me the main trend for pound is short
  • #115,251
  • Jan 26, 2009 10:53pm Jan 26, 2009 10:53pm
Quoting sofia101
Now 1.3850 is a daily pivot and maybe you are right
If we get around 4000 again, I'll be watching to see where I can add to my soldiers going north. I'll be watching my 15m 50ema and the price action there. Should we cross the 50ema, I'll go north with more soldiers and cover my whole position to close 30 pips south of the candle that closes through the 50ema. This position will be adding to my current position, so there will be no loss, but if I wasn't in a trade, I would be looking to take the exact same trade with same SL.

As I said earlier, I hope you get all the pips your looking for in you position.
Just digging in the trenches like everyone else!
  • #115,252
  • Jan 26, 2009 10:59pm Jan 26, 2009 10:59pm
Quoting sofia101
Sorry if I don't make sense to you I trade what I see and I hope I can have my own opinion.And for me the main trend for pound is short
Opinions are always welcomed. I believe the long term trend for the pound is long. I will not call cable in an overall downtrend until we start trading below 3680.
Just digging in the trenches like everyone else!
  • #115,253
  • Jan 26, 2009 11:01pm Jan 26, 2009 11:01pm
The last hourly close is not the close I would be looking for if I was short. The candle didn't close lower than the prior 1h candle. Helps support my long soldiers.
Just digging in the trenches like everyone else!
  • #115,254
  • Jan 26, 2009 11:06pm Jan 26, 2009 11:06pm
For those on the long side, here's what I'm looking for now. I need the current 1h candle to close higher than 4093 to support my long position. I'm not saying run out and take a long position right now, you missed that about 20 min ago when she bounced off the 15m 21ema.
Just digging in the trenches like everyone else!
  • #115,255
  • Jan 26, 2009 11:08pm Jan 26, 2009 11:08pm
Quoting eohater
Opinions are always welcomed. I believe the long term trend for the pound is long. I will not call cable in an overall downtrend until we start trading below 3680.
And I think the down trend on cable is not finished yet I see it much lower, but I will wait and see for any turn around signals , this move I view as a retracement
  • #115,256
  • Jan 26, 2009 11:09pm Jan 26, 2009 11:09pm
Quoting sofia101
Sorry if I don't make sense to you I trade what I see and I hope I can have my own opinion.And for me the main trend for pound is short

No, you still don't understand. Your English is wrong, you said until the main trend is short, you will go short..........you should have said until the main trend is LONG, you will remain short.
  • #115,257
  • Jan 26, 2009 11:09pm Jan 26, 2009 11:09pm
Quoting eohater
The last hourly close is not the close I would be looking for if I was short. The candle didn't close lower than the prior 1h candle. Helps support my long soldiers.
....thanks, will watch it, 'cause I just can't see where she is going right now!?

.... i'm just worried about the divergence on the RSI and MACD from 5min up to 1H....

tricky trade this morning
  • #115,258
  • Jan 26, 2009 11:12pm Jan 26, 2009 11:12pm
Quoting Jnita
....thanks, will watch it, 'cause I just can't see where she is going right now!?

.... i'm just worried about the divergence on the RSI and MACD from 5min up to 1H....

tricky trade this morning
the price will make the indicators follow once we continue climbing.
Keep It Simple Stupid
  • #115,259
  • Jan 26, 2009 11:13pm Jan 26, 2009 11:13pm
Quoting sofia101
And I think the down trend on cable is not finished yet I see it much lower, but I will wait and see for any turn around signals , this move I view as a retracement
Oh, I agree, I don't think the downward movement is done yet either. I see her going much lower then 3500. Until the US comes out of the recession, the dollar will remain it's strength and risk aversion status. I'm only looking for this to truely test the bottom of the daily wedge she broke out of and fell to 3500. That was a fall from 4900 to 3500 without really looking over her shoulder at going north.
Just digging in the trenches like everyone else!
  • #115,260
  • Jan 26, 2009 11:14pm Jan 26, 2009 11:14pm
Quoting Alastair
the price will make the indicators follow once we continue climbing.
indicators follow price, not vice versa. Good job on pointing this out Alastair! We all need to remember this, same goes with ma's. Price action is the mover.
Just digging in the trenches like everyone else!
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