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Cable Update (GBPUSD)

  • #115,401
  • Jan 27, 2009 8:52am Jan 27, 2009 8:52am
Quoting Infinity
silent fighting going on maybe...
That must be it!
Just digging in the trenches like everyone else!
  • #115,402
  • Jan 27, 2009 8:54am Jan 27, 2009 8:54am
Quoting eohater
What's your price on that long?
i got in upon opening of the new 15m candle .4067
i closed it though. will look to re-enter.
Keep It Simple Stupid
  • #115,403
  • Jan 27, 2009 8:57am Jan 27, 2009 8:57am
Quoting eohater
That must be it!
Patience + Discipline - Greed = Success
  • #115,404
  • Jan 27, 2009 8:59am Jan 27, 2009 8:59am
Quoting Alastair
i got in upon opening of the new 15m candle .4067
i closed it though. will look to re-enter.

Nobody went poor taking profit. Next setup is always around the corner! Good job on your trade!
Just digging in the trenches like everyone else!
  • #115,405
  • Jan 27, 2009 9:05am Jan 27, 2009 9:05am
What is this I see....:nerd:
Attached Image
Patience + Discipline - Greed = Success
  • #115,406
  • Jan 27, 2009 9:06am Jan 27, 2009 9:06am
Quoting eohater
cable atm, but I do see a possiblity of a pullback to around 408x area, cross the 15m 50ema before another push north. My 4h candle is getting ready to close and it's not going to engulf the last 4h candle, so a pullback might be in the works. I'll add to my army on the 15m candle that closes across the 15m and set my SL on my battalion to close completely with a 30pip SL. Let's see how she plays out.
im looking for PA around where the arrow is bro...lets see what develops
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 27 KB
  • #115,407
  • Jan 27, 2009 9:12am Jan 27, 2009 9:12am
Quoting gammase1
It certainly looks grim for sterling right now. But if UK banks are on the verge of nationalisation, you can bet your bottom dollar that US banks and many in the eurozone will be in the same perilous state.

Personally, I think the market wants to test the 1.37 area, where there should be some strong support. From this region, there could be a good set-up for a long position.
The year 2008 has truly taught investors to think the unthinkable. In 2009, it is the risk of economic implosion somewhere in the world. and this will probably be most clearly seen by the implosion and subsequent nationalisation of the banking industry which could then lead to the BIG issue.
The BIG issue is the financial collapse of sovereign states …Iceland has already gone, Spain and Greece have just had their credit ratings trashed by Standard and Poor, Portugal and Ireland are in deep trouble, Russia looks like defaulting on their responsibilities (again!) and IF we saw England go down (a definite possibility), we would see the fourth largest currency (after USD, Euro and Yen) collapse. (Not to be mercenary, but if it did collapse then make sure that you are in USDs)
The year 2008 has truly taught investors to think the unthinkable….maybe in the year 2009 we will see the unthinkable.
  • #115,408
  • Jan 27, 2009 9:17am Jan 27, 2009 9:17am
Quoting jacko
The year 2008 has truly taught investors to think the unthinkable. In 2009, it is the risk of economic implosion somewhere in the world. and this will probably be most clearly seen by the implosion and subsequent nationalisation of the banking industry which could then lead to the BIG issue.
[font=Verdana]The BIG issue is the financial collapse of sovereign states …Iceland has already gone, Spain and Greece have just had their credit ratings trashed by Standard and Poor, Portugal and Ireland are in deep trouble, Russia looks...
very interesting indeed!
Patience + Discipline - Greed = Success
  • #115,409
  • Jan 27, 2009 9:18am Jan 27, 2009 9:18am
Quoting Infinity
very interesting indeed!
absolutely scary
  • #115,410
  • Jan 27, 2009 9:19am Jan 27, 2009 9:19am
Quoting Infinity
What is this I see....:nerd:
A possible scenario off the m15.... If we get above 4186 this is invalid...
Attached Image
Patience + Discipline - Greed = Success
  • #115,411
  • Jan 27, 2009 9:22am Jan 27, 2009 9:22am
thanx infinity!
nice and simple.
how do you get 1.4186?
Keep It Simple Stupid
  • #115,412
  • Jan 27, 2009 9:25am Jan 27, 2009 9:25am
have a look mark...

its a bit worrying for my longs
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 24 KB
  • #115,413
  • Jan 27, 2009 9:27am Jan 27, 2009 9:27am
Quoting Alastair
thanx infinity!
nice and simple.
how do you get 1.4186?
The last high of the potential right shoulder..
Patience + Discipline - Greed = Success
  • #115,414
  • Jan 27, 2009 9:30am Jan 27, 2009 9:30am
Quoting Infinity
A possible scenario off the m15.... If we get above 4186 this is invalid...
Current 15m candle is going to close right under the 4186. I'll take the short in my other account with TIGHT SL at 4200, going to lunch I'll be back to see the aftermath.

That was a quick decision on her. H&S not playing out on this one!
Just digging in the trenches like everyone else!
  • #115,415
  • Jan 27, 2009 9:31am Jan 27, 2009 9:31am
Quoting Infinity
The last high of the potential right shoulder..
roger that and its just been taken out.
Keep It Simple Stupid
  • #115,416
  • Jan 27, 2009 9:31am Jan 27, 2009 9:31am
Quoting Infinity
A possible scenario off the m15.... If we get above 4186 this is invalid...
invalid!
Patience + Discipline - Greed = Success
  • #115,417
  • Jan 27, 2009 9:31am Jan 27, 2009 9:31am
Quoting jacko
The year 2008 has truly taught investors to think the unthinkable. In 2009, it is the risk of economic implosion somewhere in the world. and this will probably be most clearly seen by the implosion and subsequent nationalisation of the banking industry which could then lead to the BIG issue.
[font=Verdana]The BIG issue is the financial collapse of sovereign states …Iceland has already gone, Spain and Greece have just had their credit ratings trashed by Standard and Poor, Portugal and Ireland are in deep trouble, Russia looks...
Usually after a collapse there is a rise somewhere; watchout for a rise from Africa, Nigerian Naira to be precise.....NGN/USD..... The Lord of Pips being on our side.
  • #115,418
  • Jan 27, 2009 9:32am Jan 27, 2009 9:32am
Quoting eohater
Current 15m candle is going to close right under the 4186. I'll take the short in my other account with TIGHT SL at 4200, going to lunch I'll be back to see the aftermath.

That was a quick decision on her. H&S not playing out on this one!
Not at all bro! I think I will consider short higher up though...

Have a good lunch brother!.
Patience + Discipline - Greed = Success
  • #115,419
  • Jan 27, 2009 9:33am Jan 27, 2009 9:33am
1.44....i hope is seen

theres fib confluence but i dont see a descent resistance..if it passes it 1.44 should be a almost certain possibility ( me thinks)
  • #115,420
  • Jan 27, 2009 9:35am Jan 27, 2009 9:35am
Quoting Infinity
Not at all bro! I think I will consider short higher up though...
should it not close above that level?
Keep It Simple Stupid
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