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Cable Update (GBPUSD)

  • #116,881
  • Feb 1, 2009 9:33pm Feb 1, 2009 9:33pm
bull is taking over....but for how long?anybody have idea??i've already closed postion on 24 + 19 pips..going out for lunch...
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  • #116,882
  • Feb 1, 2009 9:36pm Feb 1, 2009 9:36pm
got back my pips plus an xtra 20 and closed..

good nite all........
  • #116,883
  • Feb 1, 2009 9:37pm Feb 1, 2009 9:37pm
Quoting zess
bull is taking over....but for how long?anybody have idea??i've already closed postion on 24 + 19 pips..going out for lunch...
LONG is practical..

just i've problem determining my SL

pop
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  • #116,884
  • Feb 1, 2009 9:41pm Feb 1, 2009 9:41pm
Quoting joemiami
got back my pips plus an xtra 20 and closed..

good nite all........
  • #116,885
  • Feb 1, 2009 9:48pm Feb 1, 2009 9:48pm
Quoting popisdead
LONG is practical..

just i've problem determining my SL

pop
draw yourself a nice upward trend line commencing from 1/26 until now..it will give you a nice bottom projection. Its been holding nicely above that line.

iF if breaks this upward trend line..expect a nice drop.

good luck
  • #116,886
  • Feb 1, 2009 9:50pm Feb 1, 2009 9:50pm
i'm not fan of asian session, i'll wait to go long
  • #116,887
  • Feb 1, 2009 9:53pm Feb 1, 2009 9:53pm
Quoting uut
i'm not fan of asian session, i'll wait to go long
Im doing similar Uut...
will wait till there is more volume and the pound makes a direction either from the top or bottom projected trend lines.

its worth the wait.

good luck
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  • #116,888
  • Feb 1, 2009 9:54pm Feb 1, 2009 9:54pm
Quoting uut
i'm not fan of asian session, i'll wait to go long
Im not a fan of asian session either, but I traded anyway. Not good to trade just bcuz Im bored.
  • #116,889
  • Feb 1, 2009 10:00pm Feb 1, 2009 10:00pm
sorry guys..just out of my own curiousity...i dont see any clue yet...so how do u guys c it as it will go BULL?H4 n daily still showing bearish...can somebody help me out?
money is for living
  • #116,890
  • Feb 1, 2009 10:03pm Feb 1, 2009 10:03pm
Quoting mangZX7L
sorry guys..just out of my own curiousity...i dont see any clue yet...so how do u guys c it as it will go BULL?H4 n daily still showing bearish...can somebody help me out?
exactly..there is no real sign it will go either direction. Just small swings.

Trade as you wish..but it is not clear for a direction. only small direction movements touching the bottom trend line. neither upper or lower have indicated clear direction.
  • #116,891
  • Feb 1, 2009 10:04pm Feb 1, 2009 10:04pm
Quoting mangZX7L
sorry guys..just out of my own curiousity...i dont see any clue yet...so how do u guys c it as it will go BULL?H4 n daily still showing bearish...can somebody help me out?

Im thinking same thing on 4 HR chart.............DOWN
...... especially with high probability of rate cut coming from BOE

what rest of you all think?
  • #116,892
  • Feb 1, 2009 10:06pm Feb 1, 2009 10:06pm
it is still magnetized by DPP...hmmm...where will it goes...
money is for living
  • #116,893
  • Feb 1, 2009 10:07pm Feb 1, 2009 10:07pm
Quoting joemiami
Im thinking same thing on 4 HR chart.............DOWN
...... especially with high probability of rate cut coming from BOE

what rest of you all think?

Joemiami..rule one..never predict..just wait for the lead direction from market..it will tell you..
look at where it breaks..dont try and predict what the market will do.

look at charts and important levels to break.
  • #116,894
  • Feb 1, 2009 10:09pm Feb 1, 2009 10:09pm
Jammer, enjoy.......this yard of beer should cleanse your insides well
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  • #116,895
  • Feb 1, 2009 10:11pm Feb 1, 2009 10:11pm
Quoting joemiami
Jammer, enjoy.......this yard of beer should cleanse your insides well
You are a kind gentleman...thanks..but rule two..dont drink and trade...lol
but I will drink it at my closing timeframe.

..I thank you for the drink!
  • #116,896
  • Feb 1, 2009 10:13pm Feb 1, 2009 10:13pm
bearish divergence and weakenin ADX on the 4H and strenghtening ADX on the lower Tfs all point down to me.

Short at 1.4407

break of lower TL will hold for 39xx area.

have a good night all. off to bed
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  • #116,897
  • Edited Feb 2, 2009 12:28am Feb 1, 2009 10:59pm | Edited Feb 2, 2009 12:28am
My long POs on the way south..

GU# 8 14215

GU #9 14286



pop
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  • #116,898
  • Feb 1, 2009 11:02pm Feb 1, 2009 11:02pm
Quoting JammerJams
draw yourself a nice upward trend line commencing from 1/26 until now..it will give you a nice bottom projection. Its been holding nicely above that line.

iF if breaks this upward trend line..expect a nice drop.

good luck

huhu..
if this is the SL..
im out already..

thank god..im still free from trade..

pop
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  • #116,899
  • Edited Feb 2, 2009 12:29am Feb 1, 2009 11:02pm | Edited Feb 2, 2009 12:29am
Quoting popisdead
My long POs on the way south..

GU# 8 14315

GU #9 14286

GU #10 14210

pop

GU# 8 14315 ( correction..the price is 14215)

this PO hit!

let see...

pop
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  • #116,900
  • Feb 1, 2009 11:08pm Feb 1, 2009 11:08pm
Finally cable came back to its sense and it is trading along with the other majors.
I will wait and see how will the UK session go.
Good trading to you all.
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