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Cable Update (GBPUSD)

  • #117,161
  • Feb 2, 2009 7:52pm Feb 2, 2009 7:52pm
Quoting LizardGizzard
Just broke another 5M uptrend line. One more to go. Let's see what happens. My thoughts are the uptrend should continue, but a stop at 4190 would be prudent, just in case.

Can you post a chart of this uptrend line.

thnx
  • #117,162
  • Feb 2, 2009 7:56pm Feb 2, 2009 7:56pm
Quoting at2au
Can you post a chart of this uptrend line.

thnx
looks like uptrend has been broken.....??
  • #117,163
  • Feb 2, 2009 7:56pm Feb 2, 2009 7:56pm
Damnit! I was a half an hour late to be able to add to my shorts! I hope everyone takes a look at the 1h candle after she closes.
Just digging in the trenches like everyone else!
  • #117,164
  • Feb 2, 2009 8:00pm Feb 2, 2009 8:00pm
Quoting joemiami
looks like uptrend has been broken.....??
I can't post pics on this computer. And my trade is one in a basket. So I have others offesetting. As for the uptrend being broken...that depends on your timeframe. I will discount the 5M uptrend once 90 has been broken. Until then, no. But never listen to anyone on forums, as our trade size and methods differ greatly. If I lose this one, it will be meaningless, but to others, it may be great. Forums are only good for commiserating and taking contra-opinions. :-) After trading for ten plus years and reading forums for ten plus years, I can only say that I never ever listen to anyone else....unless 90% of posters are agreed on a direction, then I might look at a counter-trend trade.
There's always money in the banana stand.
  • #117,165
  • Feb 2, 2009 8:01pm Feb 2, 2009 8:01pm
Quoting eohater
Damnit! I was a half an hour late to be able to add to my shorts! I hope everyone takes a look at the 1h candle after she closes.
Ok, who's still wanting to go long now?
Just digging in the trenches like everyone else!
  • #117,166
  • Feb 2, 2009 8:01pm Feb 2, 2009 8:01pm
Just looks to me now that dollar shorts are in order across the board. But everyone has to form their own opinion as to how much pain they can take.
There's always money in the banana stand.
  • #117,167
  • Feb 2, 2009 8:03pm Feb 2, 2009 8:03pm
going short at 1.4223 with tight stop loss at 1.4228
  • #117,168
  • Feb 2, 2009 8:04pm Feb 2, 2009 8:04pm
EO, I'm still long. Tight stop though at 90. If I'm wrong, no biggie.
There's always money in the banana stand.
  • #117,169
  • Feb 2, 2009 8:04pm Feb 2, 2009 8:04pm
nobody's long bro this thing's going to 1.055
Don't have an ego. Always question yourself and your ability.
  • #117,170
  • Feb 2, 2009 8:05pm Feb 2, 2009 8:05pm
that bearish pin on 1 HR is showing me this could be the downturn we been waiting for....

down to 1.4150 fib level ???
  • #117,171
  • Feb 2, 2009 8:07pm Feb 2, 2009 8:07pm
LOTSA 1m north divergence here. I'm still thinking north, though it could easily skid past 90 and I'M out. I'd wait for further thrust at that point. MM is soooooo key.
There's always money in the banana stand.
  • #117,172
  • Feb 2, 2009 8:07pm Feb 2, 2009 8:07pm
Quoting LizardGizzard
EO, I'm still long. Tight stop though at 90. If I'm wrong, no biggie.
That's the attitude to have. Losses, should they occur, are a part of this madness.
Just digging in the trenches like everyone else!
  • #117,173
  • Feb 2, 2009 8:08pm Feb 2, 2009 8:08pm
And I'm out. Ah well.
There's always money in the banana stand.
  • #117,174
  • Feb 2, 2009 8:09pm Feb 2, 2009 8:09pm
Quoting joemiami
going short at 1.4223 with tight stop loss at 1.4228
With all due respect, it is the tighets stop loss I've ever seen
  • #117,175
  • Feb 2, 2009 8:10pm Feb 2, 2009 8:10pm
I'm still hoping to see a candle north pattern, but if not, that's how she goes. Got a basket of others to play out as well. Cable is my fave though. I heart cable.
There's always money in the banana stand.
  • #117,176
  • Feb 2, 2009 8:11pm Feb 2, 2009 8:11pm
Quoting eohater
That's the attitude to have. Losses, should they occur, are a part of this madness.
been short since 4250 - thinking 4150 or lower

what's your target / opinion?
  • #117,177
  • Feb 2, 2009 8:15pm Feb 2, 2009 8:15pm
Alright, I'm out all trades, save for short USDCAD tonight with a stop at 75. Goodnight, Gentlemen and Ladies. Myself, had a good day, up 10%, despite cable...though I banked a bit on the early day longs. I'm leaving it alone til the morrow. Happy trading, Asian and European session traders!
-Liz
There's always money in the banana stand.
  • #117,178
  • Feb 2, 2009 8:18pm Feb 2, 2009 8:18pm
Oh WAIT. i'LL TAKE TWO LONGS HERE WITH A STOP AT 80. lOOKS LIKE POSSIBLY THE LONG CANDLE FORMATION i WANTED. sORRY FOR YELLING. i'M LEAVING IT TIL THE MORN. LATER, GATORS. HOPING FOR GBP STRENGTH THROUGHOUT THE NIGHT. IF NOT, SMALL LOSS. YEEHAA!!!!!
There's always money in the banana stand.
  • #117,179
  • Feb 2, 2009 8:20pm Feb 2, 2009 8:20pm
what the hell was that ?...wow

ok....this thing acting too crazy now....
  • #117,180
  • Feb 2, 2009 8:21pm Feb 2, 2009 8:21pm
Holy Cow. Glad I took those longs. Already profitable. Guess 90 was the stop they were looking for. Yeeha on more profit!!!!
There's always money in the banana stand.
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