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Cable Update (GBPUSD)

  • #117,101
  • Feb 2, 2009 3:10pm Feb 2, 2009 3:10pm
Quoting eohater
Glad you got yours bro! It was all good until this current position I took. Seems it's going to take a shit on me. Oh well, it was a small position with a reasonable SL. I've not been taken out yet, but it's not looking favorable.

How does your last 4h candle look?
I think you'll be fine based on the daily candle.. unless we get above 4350 in the next 20 minutes or so.... The price did not go above 4500 at any time between Friday and now on my charts...

H1 50 looks solid too...
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Patience + Discipline - Greed = Success
  • #117,102
  • Feb 2, 2009 3:13pm Feb 2, 2009 3:13pm
Quoting Infinity
I think you'll be fine based on the daily candle.. unless we get above 4350 in the next 20 minutes or so.... The price did not go above 4500 at any time between Friday and now on my charts...

My primary broker closed on Friday at 4535 and I saw price go up to 4601 over the weekend. You taking today's close as a bearish close then? I'm still on the fence on that one. Definately want her to close below 4298 to help the bears.
Just digging in the trenches like everyone else!
  • #117,103
  • Feb 2, 2009 3:16pm Feb 2, 2009 3:16pm
Quoting Infinity
I think you'll be fine based on the daily candle.. unless we get above 4350 in the next 20 minutes or so.... The price did not go above 4500 at any time between Friday and now on my charts...

H1 50 looks solid too...

Damn bro, your 4h is above the 5/10 and 50. Your stochs have crossed as well. I'm not sure of the price of your last closed 4h candle and the open price of the 4h candle 2 candles prior, but it's not looking good for the short team atm.
Just digging in the trenches like everyone else!
  • #117,104
  • Feb 2, 2009 3:21pm Feb 2, 2009 3:21pm
key support at 4295. My system says it may go higher.
  • #117,105
  • Feb 2, 2009 3:23pm Feb 2, 2009 3:23pm

....still waiting... need sleep....
She just wont friggin MOVE!

Someone give her a nudge with a buy order please lol
  • #117,106
  • Feb 2, 2009 3:39pm Feb 2, 2009 3:39pm
yes! TP at break even has been triggered. what a hard day!
  • #117,107
  • Feb 2, 2009 3:50pm Feb 2, 2009 3:50pm
Quoting eohater
Damn bro, your 4h is above the 5/10 and 50. Your stochs have crossed as well. I'm not sure of the price of your last closed 4h candle and the open price of the 4h candle 2 candles prior, but it's not looking good for the short team atm.
Not exactly sure where you are short from. but i was short from
4278 -- got out for +4 - don't like the action at this time.
Not in the mood to loan money today. Did well last night and some
more this morning (PST-here). Just missed on an entry stop long, this
am - set it for 4050 with a tp of 4200 before I went to sleep. My chart
only hit 4051 - now that would have been nice to wake up to.

Still feel it will go south to 4200 area, maybe a little lower before it
really decides which way it wants to go.

Are you still on your short or did you get out too.

More trades later, so save your bus fare for the right bus
  • #117,108
  • Feb 2, 2009 4:22pm Feb 2, 2009 4:22pm
Quoting golatigo
Not exactly sure where you are short from. but i was short from
4278 -- got out for +4 - don't like the action at this time.
Not in the mood to loan money today. Did well last night and some
more this morning (PST-here). Just missed on an entry stop long, this
am - set it for 4050 with a tp of 4200 before I went to sleep. My chart
only hit 4051 - now that would have been nice to wake up to.

Still feel it will go south to 4200 area, maybe a little lower before it
really decides which way it wants to go.

Are you still on your short or did you...
I am short from 4274, just took half my position off at 4255, the rest is sitting at +2. If we should get through the 15m 50ema and 15m 35sma and she holds, I'll add to my position.
Just digging in the trenches like everyone else!
  • #117,109
  • Feb 2, 2009 4:23pm Feb 2, 2009 4:23pm
Quoting eohater
I am short from 4274, just took half my position off at 4255, the rest is sitting at +2. If we should get through the 15m 50ema and 15m 35sma and she holds, I'll add to my position.
I'm still holding my short with entry at 1.4270 and stop loss is at breakeven.
"The trend is your friend, until the end."
  • #117,110
  • Feb 2, 2009 4:26pm Feb 2, 2009 4:26pm
http://www.cnbc.com/id/15840232?video=1019829048&play=1

very bearish talk on sterling...

worth a listen...
Trading is 80% Emotional, 20% Technical
  • #117,111
  • Feb 2, 2009 4:26pm Feb 2, 2009 4:26pm
i am seeing this as maybe happening..
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  • #117,112
  • Feb 2, 2009 4:32pm Feb 2, 2009 4:32pm
Quoting fx local
http://www.cnbc.com/id/15840232?video=1019829048&play=1

very bearish talk on sterling...

worth a listen...
Definately worth the listen. Retest of 1.35 and possible lower to 1.25 and then towards parity possibly. Shit! I have my parachute on and I'm ready! She can fall as much as she wants now.
Just digging in the trenches like everyone else!
  • #117,113
  • Feb 2, 2009 4:33pm Feb 2, 2009 4:33pm
  •  Trader#0EAB
  • | Status: Unregistered Trader
nAV seems to be in line with my indicators also... see a bottoming at 1.4118 then a march upwards for a while... teatime for now, but will the crumpets hold it down...?
  • #117,114
  • Feb 2, 2009 4:47pm Feb 2, 2009 4:47pm
Quoting eohater
I am short from 4274, just took half my position off at 4255, the rest is sitting at +2. If we should get through the 15m 50ema and 15m 35sma and she holds, I'll add to my position.
We got through the 15m 50ema, now we need to get through the 15m 35sma.
Just digging in the trenches like everyone else!
  • #117,115
  • Feb 2, 2009 4:53pm Feb 2, 2009 4:53pm
Quoting eohater
We got through the 15m 50ema, now we need to get through the 15m 35sma.
This is good news for us! Still in there bro
"The trend is your friend, until the end."
  • #117,116
  • Feb 2, 2009 4:58pm Feb 2, 2009 4:58pm
Quoting ForexRookie
This is good news for us! Still in there bro
Watch her pullback now if we don't clear the 35sma, we want the 15m 50ema to hold her on the pullback to push through the 35sma after that. Unfortunately, I'm not going to be able to manage my trade. Family time is about to begin. I'll be back in a couple hours to check on her. I'll be looking to add to my position, if it's still open, once we get underway into the Asian session.

Good luck with your trade!

EO
Just digging in the trenches like everyone else!
  • #117,117
  • Feb 2, 2009 5:05pm Feb 2, 2009 5:05pm
Quoting eohater
Watch her pullback now if we don't clear the 35sma, we want the 15m 50ema to hold her on the pullback to push through the 35sma after that. Unfortunately, I'm not going to be able to manage my trade. Family time is about to begin. I'll be back in a couple hours to check on her. I'll be looking to add to my position, if it's still open, once we get underway into the Asian session.

Good luck with your trade!

EO
Thanks for the information eo, will be sure to watch how it pans out. Good luck also with your trade .
"The trend is your friend, until the end."
  • #117,118
  • Feb 2, 2009 5:16pm Feb 2, 2009 5:16pm
Looks like she wants to head north for a while on the 5 and 15min, before making final charge southward on the 1 HR .....
  • #117,119
  • Feb 2, 2009 5:17pm Feb 2, 2009 5:17pm
Quoting eohater
I am short from 4274, just took half my position off at 4255, the rest is sitting at +2. If we should get through the 15m 50ema and 15m 35sma and she holds, I'll add to my position.

Guess I should have hung in there, but was leaving for a while
so I closed as i rarely use stops
i'l jump on another bus later
gook luck
  • #117,120
  • Feb 2, 2009 5:21pm Feb 2, 2009 5:21pm
May bounce off 38% fib level of 1.4220.....

what do you all see?
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