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Cable Update (GBPUSD)

  • #117,521
  • Feb 3, 2009 3:55pm Feb 3, 2009 3:55pm
Here's my daily chart. My daily candle has not closed yet, but supports my short. We have matching highs, today and yesterday on my daily candles of 4488. Additionally, we have the trendline that I'm playing off of as well.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 135 KB
Just digging in the trenches like everyone else!
  • #117,522
  • Feb 3, 2009 3:59pm Feb 3, 2009 3:59pm
Quoting eohater
Here's my daily chart. My daily candle has not closed yet, but supports my short. We have matching highs, today and yesterday on my daily candles of 4488. Additionally, we have the trendline that I'm playing off of as well.
I wish you all the luck on this trade I just post what I see and unfortunately it can go higher if not good for you
  • #117,523
  • Feb 3, 2009 4:00pm Feb 3, 2009 4:00pm
Quoting eohater
Here's my daily chart. My daily candle has not closed yet, but supports my short. We have matching highs, today and yesterday on my daily candles of 4488. Additionally, we have the trendline that I'm playing off of as well.
thx for the chart bro
i have something different on my feed, kinda explains why im not seeing what u are...diferent feeds show different things
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 25 KB
  • #117,524
  • Feb 3, 2009 4:00pm Feb 3, 2009 4:00pm
Just finished work and realised I have missed all the fun and games this afternoon will just have to catch her on the way down
  • #117,525
  • Feb 3, 2009 4:00pm Feb 3, 2009 4:00pm
Quoting sofia101
I wish you all the luck on this trade I just post what I see and unfortunately it can go higher if not good for you
My SL is green and by all means, it could continue northbound very easily. Should I get taken out, I will prepare for a new ride. No harm will be done.
Just digging in the trenches like everyone else!
  • #117,526
  • Feb 3, 2009 4:04pm Feb 3, 2009 4:04pm
Quoting eohater
My SL is green and by all means, it could continue northbound very easily. Should I get taken out, I will prepare for a new ride. No harm will be done.
I'll be short too ,but first I want to see that it ready, good luck
  • #117,527
  • Feb 3, 2009 4:06pm Feb 3, 2009 4:06pm
Quoting sofia101
I'll be short too ,but first I want to see that it ready, good luck
Thank you! Yes, there will always be a seat for a ride. Let's see where she goes now. Good luck on your next position as well!
Just digging in the trenches like everyone else!
  • #117,528
  • Feb 3, 2009 4:15pm Feb 3, 2009 4:15pm
Got taken out for +1, 4466. this 6pip spread is killing me, entered at 14473 price given 67..

highest point on my chart is 14464

May be out, but least I'm not down.
  • #117,529
  • Feb 3, 2009 4:18pm Feb 3, 2009 4:18pm
Quoting Si Tr4d3r
Got taken out for +1, 4466. this 6pip spread is killing me, entered at 14473 price given 67..

highest point on my chart is 14464

May be out, but least I'm not down.

Thats really harsh, sounds like you need a new broker!, highest on my chart was 4484, and that spread isnt too good either esp if its a fixed one
  • #117,530
  • Feb 3, 2009 4:20pm Feb 3, 2009 4:20pm
why the chart is not moving?!
i'm very sleepy...here the time in 2AM...I want too see the moving down
  • #117,531
  • Feb 3, 2009 4:22pm Feb 3, 2009 4:22pm
Quoting PipLand
Thats really harsh, sounds like you need a new broker!, highest on my chart was 4484, and that spread isnt too good either esp if its a fixed one
not the first time,

the 14464 was after I entered the trade, had hit 14486 on my chart about 20 mins earlier..

not lost any soldiers this time tho, always good,
live to battle on..
  • #117,532
  • Feb 3, 2009 4:22pm Feb 3, 2009 4:22pm
Quoting napster_630
why the chart is not moving?!
i'm very sleepy...here the time in 2AM...I want too see the moving down
It's going to be like this for the next 2 hours. Take a nap, set your SL and get up once the Asian session gets underway.
Just digging in the trenches like everyone else!
  • #117,533
  • Feb 3, 2009 4:22pm Feb 3, 2009 4:22pm
Quoting napster_630
why the chart is not moving?!
i'm very sleepy...here the time in 2AM...I want too see the moving down

be happy it isnt moving up...the sleep m8 go
also i hope u guys have realised that the high of yesterday is also taken out...but i suppose if u gonna short this is about the best place probability wise
  • #117,534
  • Feb 3, 2009 4:25pm Feb 3, 2009 4:25pm
Quoting eohater
Thank you! Yes, there will always be a seat for a ride. Let's see where she goes now. Good luck on your next position as well!
We have a mix of information here..

Our short-term trend is Bullish..but we have rate cuts coming Thursday.

This will bring opportunity for bearish movements and testing of 1.40 level if rate cut is 0.5 too 1.0 ...since this would indicate UK is in serious trouble.

So..what to do..we have two days until the report comes out..and ride this bad boy upward and then take her back down. Question is..when will it commence upward and when will it come crashing down...
Im going to ride this train as if it were a clean slate.
g/u does have a long-term Bearhish view..so far. if this holds..at 1.45 and turns downward..we may see movement mixed.
  • #117,535
  • Feb 3, 2009 4:25pm Feb 3, 2009 4:25pm
Quoting nAVIN2007
be happy it isnt moving up...the sleep m8 go
also i hope u guys have realised that the high of yesterday is also taken out...but i suppose if u gonna short this is about the best place probability wise
According to my charts it wasn't taken out. As I posted on my daily candles. Both have matching highs of 4488.
Just digging in the trenches like everyone else!
  • #117,536
  • Feb 3, 2009 4:27pm Feb 3, 2009 4:27pm
Quoting eohater
According to my charts it wasn't taken out. As I posted on my daily candles. Both have matching highs of 4488.
..
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 22 KB
  • #117,537
  • Feb 3, 2009 4:28pm Feb 3, 2009 4:28pm
Tnx bro!!!
good luck everyone...
  • #117,538
  • Feb 3, 2009 4:29pm Feb 3, 2009 4:29pm
Quoting eohater
According to my charts it wasn't taken out. As I posted on my daily candles. Both have matching highs of 4488.

Yeah this is true I pulled up a graph from another feed and its amazing how different they look. The one I found looks exactly like the graph you posted and looks very bearish.

My chart looks more like Navins and is mixed, amazing the difference it makes I feel much more confident in this short now!
  • #117,539
  • Feb 3, 2009 4:30pm Feb 3, 2009 4:30pm
Quoting nAVIN2007
..
Your showing why I have a challenge with daily and 4h charts. We don't match across the board, so the question becomes, which is right and which one do you trade off of.
Just digging in the trenches like everyone else!
  • #117,540
  • Feb 3, 2009 4:34pm Feb 3, 2009 4:34pm
Quoting eohater
Your showing why I have a challenge with daily and 4h charts. We don't match across the board, so the question becomes, which is right and which one do you trade off of.
yes like trading isnt hard enough..we have different feeds to think about as well..no wonder so many lose
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