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Cable Update (GBPUSD)

  • #116,881
  • Feb 1, 2009 11:33pm Feb 1, 2009 11:33pm
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 11:36pm Feb 1, 2009 11:36pm
got back my pips plus an xtra 20 and closed..

good nite all........
  • #116,883
  • Feb 1, 2009 11:37pm Feb 1, 2009 11:37pm
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 11:41pm Feb 1, 2009 11:41pm
Quoting joemiami
got back my pips plus an xtra 20 and closed..

good nite all........
  • #116,885
  • Feb 1, 2009 11:48pm Feb 1, 2009 11:48pm
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 11:50pm Feb 1, 2009 11:50pm
i'm not fan of asian session, i'll wait to go long
  • #116,887
  • Feb 1, 2009 11:53pm Feb 1, 2009 11:53pm
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 11:54pm Feb 1, 2009 11:54pm
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 2, 2009 12:00am Feb 2, 2009 12:00am
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 2, 2009 12:03am Feb 2, 2009 12:03am
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 2, 2009 12:04am Feb 2, 2009 12:04am
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 2, 2009 12:06am Feb 2, 2009 12:06am
it is still magnetized by DPP...hmmm...where will it goes...
money is for living
  • #116,893
  • Feb 2, 2009 12:07am Feb 2, 2009 12:07am
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 2, 2009 12:09am Feb 2, 2009 12:09am
Jammer, enjoy.......this yard of beer should cleanse your insides well
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  • #116,895
  • Feb 2, 2009 12:11am Feb 2, 2009 12:11am
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 2, 2009 12:13am Feb 2, 2009 12:13am
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 2:28am Feb 2, 2009 12:59am | Edited 2:28am
My long POs on the way south..

GU# 8 14215

GU #9 14286



pop
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  • #116,898
  • Feb 2, 2009 1:02am Feb 2, 2009 1:02am
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 2:29am Feb 2, 2009 1:02am | Edited 2:29am
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 2, 2009 1:08am Feb 2, 2009 1:08am
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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