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Cable Update (GBPUSD)

  • #115,841
  • Jan 28, 2009 2:43pm Jan 28, 2009 2:43pm
Quoting eohater
Thanks bro!

You have to be light hearted about this. Trade your setups, take profit and secure your position so you don't bleed. If you don't this business will drive you in the ground along with your account.
x2, and your mind,

Have a look at the one hour . . I might be considering a LONG ! depending on the candle close . . . thoughts ?
  • #115,842
  • Jan 28, 2009 2:43pm Jan 28, 2009 2:43pm
We could see the 427x area...
Attached Image
Patience + Discipline - Greed = Success
  • #115,843
  • Jan 28, 2009 2:45pm Jan 28, 2009 2:45pm
Quoting Infinity
We could see the 427x area...
I would consider going short there, but look at how the hourly candle is shaping up.
Just digging in the trenches like everyone else!
  • #115,844
  • Jan 28, 2009 2:46pm Jan 28, 2009 2:46pm
ok I am out of my scalp 25 pips just like my cake with icing lol
  • #115,845
  • Jan 28, 2009 2:47pm Jan 28, 2009 2:47pm
Quoting Infinity
We could see the 427x area...
Now that would be beautiful.........

EO, I can hear you laughing now, she might get back to that price we saw last night!!!!

HOLLA
  • #115,846
  • Jan 28, 2009 2:47pm Jan 28, 2009 2:47pm
now I will wait
  • #115,847
  • Jan 28, 2009 2:48pm Jan 28, 2009 2:48pm
Quoting Turtle
Now that would be beautiful.........

EO, I can hear you laughing now, she might get back to that price we saw last night!!!!

HOLLA
Your going to shit a brick if it does what I said last night!
Just digging in the trenches like everyone else!
  • #115,848
  • Jan 28, 2009 2:48pm Jan 28, 2009 2:48pm
Quoting eohater
I would consider going short there, but look at how the hourly candle is shaping up.
My thoughts exactly on the one hour, probably wont take it though, time of day . . . Range until tomorrow I reckon
  • #115,849
  • Jan 28, 2009 2:49pm Jan 28, 2009 2:49pm
Quoting eohater
I would consider going short there, but look at how the hourly candle is shaping up.
I'm looking at it too bro! My remaining position is well covered and I will only add again after confirmation...or possibly after interest is paid...
Patience + Discipline - Greed = Success
  • #115,850
  • Jan 28, 2009 2:50pm Jan 28, 2009 2:50pm
Quoting eohater
Your going to shit a brick if it does what I said last night!
Toilet paper is ready.........

How is your 4h candle looking???

HOLLA
  • #115,851
  • Jan 28, 2009 2:50pm Jan 28, 2009 2:50pm
Quoting Infinity
I'm looking at it too bro! My remaining position is well covered and I will only add again after confirmation...or possibly after interest is paid...
Today is triple swap isn't it? I forgot. Hmm...things to consider
Just digging in the trenches like everyone else!
  • #115,852
  • Jan 28, 2009 2:51pm Jan 28, 2009 2:51pm
Quoting Turtle
Toilet paper is ready.........

How is your 4h candle looking???

HOLLA
Good and bearish! It supports the short around 4270 once we get past this hourly candle.
Just digging in the trenches like everyone else!
  • #115,853
  • Jan 28, 2009 2:54pm Jan 28, 2009 2:54pm
I see on the daily it still could go up and it probably will
  • #115,854
  • Jan 28, 2009 2:55pm Jan 28, 2009 2:55pm
Quoting eohater
I think we could have another nice position trade developing here. Since we didn't get through 4378, which I'll post a chart on the daily in a minute, we could very well be looking at a jaunt back down and even deeper than 3500. This time, it will be sell everytime the 15m crosses the 50ema, just the opposite of what I did on my longs to the top.
Sorry EO - do you mean the 50 sma rather than ema on the 15m?
  • #115,855
  • Jan 28, 2009 2:55pm Jan 28, 2009 2:55pm
But I am out for now will wait till next day open
  • #115,856
  • Jan 28, 2009 2:56pm Jan 28, 2009 2:56pm
Quoting eohater
Good and bearish! It supports the short around 4270 once we get past this hourly candle.
Thanks bro......

HOLLA
  • #115,857
  • Jan 28, 2009 2:57pm Jan 28, 2009 2:57pm
Quoting eohater
We'll, right now, I'm not taking a position. With the time of day in the US Session and all, I'm discouraged of trying to build a position. I would consider a short right now after this 15m candle closes with a tight SL
ok thanks for the advice.. really appreciate EO

just a Q... considering the time of day in the US... dont the price action and volume seem large at this time of day ?? just curious becos usually at this time volume wud be kinda thin...
  • #115,858
  • Jan 28, 2009 2:57pm Jan 28, 2009 2:57pm
Anyone for the long bus up to the blue line ?
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  • #115,859
  • Jan 28, 2009 2:58pm Jan 28, 2009 2:58pm
Here's my view on the daily, let's see how she closes before we start drooling over positions

We bounced off the RED trendline, we're under the bottom of the wedge, I would like to see us close under the 10sma (BLUE), then I'll be looking for her to pullback to test the RED trendline and fall from there, we break the trendling and wedge, all bets are off and we're still headed north.
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Just digging in the trenches like everyone else!
  • #115,860
  • Jan 28, 2009 2:59pm Jan 28, 2009 2:59pm
Quoting MarkyBoy
Sorry EO - do you mean the 50 sma rather than ema on the 15m?
50ema....I'm in love with her right now!!
Just digging in the trenches like everyone else!
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