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Cable Update (GBPUSD)

  • #116,701
  • Jan 30, 2009 2:43pm Jan 30, 2009 2:43pm
Quoting eohater
Well, I'm not in it, but if I did get the position of 4500 to go south, I would be taking profit around 2hours after opening on Sunday, should be hundred + pips on that move. Let her fill her gap, then hit her again with a short and manage the move.
What if the gap is to the up side?
look at euro and the other currencies.
it is complicated this week.
  • #116,702
  • Jan 30, 2009 2:46pm Jan 30, 2009 2:46pm
Seems we are going to get a massive inside bar on the monthly chart...making the way for more ranging....

I am not sold on a long at these prices.. although if we do get above 4500 we could see 4850 in a hurry...

I see eu going down at least another 200 pips...will gu follow?
Patience + Discipline - Greed = Success
  • #116,703
  • Jan 30, 2009 2:49pm Jan 30, 2009 2:49pm
Quoting manize
I am late to go online. Warming up, 2 scalp shorts during pull back at R1, + 8 pips each !
What is a reliable/good broker to scalp?
  • #116,704
  • Jan 30, 2009 2:56pm Jan 30, 2009 2:56pm
Quoting Abouelzelouf
What if the gap is to the up side?
look at euro and the other currencies.
it is complicated this week.
I'm not sold on long at this side, but a gap up could lead the way to 4850 as I said earlier I see on the other side of the road. This is why I don't play the gap. As to the other currencies, I'm not worried about them. Don't get me wrong, I look at them, but my entries are solely based on GU. Prime example, EU fell on her face today and GU jump out of her pants. Now, I know everyone said they move in tandem, but they don't. Thus, why I don't worry about them.
Just digging in the trenches like everyone else!
  • #116,705
  • Jan 30, 2009 2:58pm Jan 30, 2009 2:58pm
Quoting Infinity
Seems we are going to get a massive inside bar on the monthly chart...making the way for more ranging....

I am not sold on a long at these prices.. although if we do get above 4500 we could see 4850 in a hurry...

I see eu going down at least another 200 pips...will gu follow?
Same here bro! When you get a chance, could you post your monthly chart. Mine's shit as you know.
Just digging in the trenches like everyone else!
  • #116,706
  • Jan 30, 2009 3:06pm Jan 30, 2009 3:06pm
Quoting eohater
Same here bro! When you get a chance, could you post your monthly chart. Mine's shit as you know.
Here you go bro! It was a very bullish weekly close too...

Have a great weekend!!
Attached Image (click to enlarge)
Click to Enlarge Name: month.gif Size: 27 KB
Patience + Discipline - Greed = Success
  • #116,707
  • Jan 30, 2009 3:08pm Jan 30, 2009 3:08pm
Freakin price is out of control! Hell, at this rate, we'll gap up at 4850..
Just digging in the trenches like everyone else!
  • #116,708
  • Jan 30, 2009 3:08pm Jan 30, 2009 3:08pm
Quoting eohater
I'm not sold on long at this side, but a gap up could lead the way to 4850 as I said earlier I see on the other side of the road. This is why I don't play the gap. As to the other currencies, I'm not worried about them. Don't get me wrong, I look at them, but my entries are solely based on GU. Prime example, EU fell on her face today and GU jump out of her pants. Now, I know everyone said they move in tandem, but they don't. Thus, why I don't worry about them.
Price now is over 1.4520 and market is closed!!!
first time I see cable bullish that way!!!
  • #116,709
  • Jan 30, 2009 3:10pm Jan 30, 2009 3:10pm
seems like all short just a dream atm... see u guys next week...
fantastic week....
  • #116,710
  • Jan 30, 2009 3:10pm Jan 30, 2009 3:10pm
Quoting Infinity
Here you go bro! It was a very bullish weekly close too...

Have a great weekend!!

Thanks bro for the chart!

Have a great weekend yourself! New battle to begin Sunday.
Just digging in the trenches like everyone else!
  • #116,711
  • Jan 30, 2009 3:14pm Jan 30, 2009 3:14pm
Quoting Abouelzelouf
Price now is over 1.4520 and market is closed!!!
first time I see cable bullish that way!!!
It's nuts right now. Sorry your broker closes early. Still have 45m of retail trading available from my broker.
Just digging in the trenches like everyone else!
  • #116,712
  • Jan 30, 2009 3:20pm Jan 30, 2009 3:20pm
Quoting eohater
Freakin price is out of control! Hell, at this rate, we'll gap up at 4850..
Just took my small short @ 1.4515 and hoping for a big gap down so we can ride her up again. Good week-end to all you fellow traders
  • #116,713
  • Jan 30, 2009 3:23pm Jan 30, 2009 3:23pm
Quoting Chris_35
Just took my small short @ 1.4515 and hoping for a big gap down so we can ride her up again. Good week-end to all you fellow traders
Good luck bro! I'm staing away from it. I'll find a new ride on Sunday. I hope she gaps down 200 pips for you!
Just digging in the trenches like everyone else!
  • #116,714
  • Jan 30, 2009 3:37pm Jan 30, 2009 3:37pm
Im adding to my short...expecting nice gap down over weekend....
  • #116,715
  • Jan 30, 2009 3:41pm Jan 30, 2009 3:41pm
Quoting eohater
Good luck bro! I'm staing away from it. I'll find a new ride on Sunday. I hope she gaps down 200 pips for you!
200 pips profit over the weekend when I wont be looking at any screens, why man that would be just awesome! (love the way you Americans use that phrase) Have a good family time week-end
  • #116,716
  • Jan 30, 2009 3:46pm Jan 30, 2009 3:46pm
Quoting Chris_35
200 pips profit over the weekend when I wont be looking at any screens, why man that would be just awesome! (love the way you Americans use that phrase) Have a good family time week-end
I do hope you get it bro! Yeah, us silly American's have some unique sayings, but I will say, you guys on the other side of the pond have some cool sayings as well.

Here's one for you, not only would it be awesome, but it would be wicked cool!

Enjoy your family time as well!
Just digging in the trenches like everyone else!
  • #116,717
  • Jan 30, 2009 3:47pm Jan 30, 2009 3:47pm
Quoting joemiami
Im adding to my short...expecting nice gap down over weekend....
I wont add to mine as I am really trying to turn my trading round and that involves strict mm, which in the past was'nt what it should have been. But with good mm the last 2 weeks have given me a good return. Good luck to you, especially as i'm on the same train
  • #116,718
  • Jan 30, 2009 3:48pm Jan 30, 2009 3:48pm
Quoting joemiami
Im adding to my short...expecting nice gap down over weekend....
Expect the unexpected!
Just digging in the trenches like everyone else!
  • #116,719
  • Jan 30, 2009 3:52pm Jan 30, 2009 3:52pm
Hmmm, this is how I saw things this week. While warned by divergence of weakening, there was no trendline break to the south and actually was a break to the north, at least on this chart and on my lower timeframes. Who knows what will happen next week? Price now at 4533 according to my charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Hourly View.jpg Size: 247 KB
There's always money in the banana stand.
  • #116,720
  • Jan 30, 2009 3:57pm Jan 30, 2009 3:57pm
Quoting eohater
Expect the unexpected!
what do you read into this late buying on a friday night??
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