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Cable Update (GBPUSD)

  • #118,481
  • Feb 5, 2009 10:01am Feb 5, 2009 10:01am
Quoting eohater
Personally, the better short was at 4650.
ok i'm looking for en entry
  • #118,482
  • Feb 5, 2009 10:03am Feb 5, 2009 10:03am
Quoting Mr.mo
ok i'm looking for en entry
With this doji in 1H it is going to be a doji star , bearish patter no?
  • #118,483
  • Feb 5, 2009 10:09am Feb 5, 2009 10:09am
right tripple top on the 15min or shall I just stop trying to fight it ?
  • #118,484
  • Feb 5, 2009 10:09am Feb 5, 2009 10:09am
too bad, it didn't quite hit my TL so I'm missing this
  • #118,485
  • Feb 5, 2009 10:11am Feb 5, 2009 10:11am
4hour trendline still holding as resistance..... on the session highs
Trading is 80% Emotional, 20% Technical
  • #118,486
  • Feb 5, 2009 10:13am Feb 5, 2009 10:13am
im watching this 15m candle for a short entry.
Keep It Simple Stupid
  • #118,487
  • Feb 5, 2009 10:14am Feb 5, 2009 10:14am
OK, forget about forex, let me play stupid.
Why DOW is going up? Did I miss any GOOD news for US?
  • #118,488
  • Feb 5, 2009 10:15am Feb 5, 2009 10:15am
I closed out my remaining position at 4660.. my internet connection is intermittent.. profit is profit...
Patience + Discipline - Greed = Success
  • #118,489
  • Feb 5, 2009 10:15am Feb 5, 2009 10:15am
Quoting fx local
4hour trendline still holding as resistance..... on the session highs
4660 on my chart is also the 38.2 fib of the move from the 8th Jan - 23rd
  • #118,490
  • Feb 5, 2009 10:16am Feb 5, 2009 10:16am
Quoting Komissar
OK, forget about forex, let me play stupid.
Why DOW is going up? Did I miss any GOOD news for US?
prob just bouncing of support levels by the looks of it
  • #118,491
  • Feb 5, 2009 10:18am Feb 5, 2009 10:18am
Quoting Infinity
I closed out my remaining position at 4660.. my internet connection is intermittent.. profit is profit...
yep same here, sick of waiting for it to break..... being very stubborn
Trading is 80% Emotional, 20% Technical
  • #118,492
  • Feb 5, 2009 10:18am Feb 5, 2009 10:18am
Quoting Infinity
I closed out my remaining position at 4660.. my internet connection is intermittent.. profit is profit...
Good job bro! I took a short at 4670 with SL at 4700. I don't like it, but it's green atm. I think we will still go up.
Just digging in the trenches like everyone else!
  • #118,493
  • Feb 5, 2009 10:18am Feb 5, 2009 10:18am
Quoting Infinity
I closed out my remaining position at 4660.. my internet connection is intermittent.. profit is profit...
Nice take profit I reckon your bang on the money with that, I opened a short again from there
  • #118,494
  • Feb 5, 2009 10:19am Feb 5, 2009 10:19am
Quoting PipLand
prob just bouncing of support levels by the looks of it
But it jumped from -110 up to +40. It's almost 2%. Isn't it a lot?
  • #118,495
  • Feb 5, 2009 10:20am Feb 5, 2009 10:20am
Quoting Komissar
OK, forget about forex, let me play stupid.
Why DOW is going up? Did I miss any GOOD news for US?
isaw that, no one knows why??!! hallmarks of Plunge protection team!! LOL!
Trading is 80% Emotional, 20% Technical
  • #118,496
  • Feb 5, 2009 10:21am Feb 5, 2009 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 21 KB
Quoting PipLand
prob just bouncing of support levels by the looks of it
  • #118,497
  • Feb 5, 2009 10:22am Feb 5, 2009 10:22am
Quoting eohater
Good job bro! I took a short at 4670 with SL at 4700. I don't like it, but it's green atm. I think we will still go up.
That's good risk reward bro! I still don't like the pa for short yet though. My new h4 candle also made a new high.. that's not usually a good sign..
Patience + Discipline - Greed = Success
  • #118,498
  • Feb 5, 2009 10:25am Feb 5, 2009 10:25am
Quoting Komissar
But it jumped from -110 up to +40. It's almost 2%. Isn't it a lot?
I think its a lot for the short space of time in which it did it, but I still think its support levels or maybe it is true about plunge protection teams i guess it is possible
  • #118,499
  • Feb 5, 2009 10:26am Feb 5, 2009 10:26am
Quoting Professor4x
Notice how gbp is now in uptrend mode. Higher lows, higher highs. With weekly stoc's heading north and monthly stoc's getting ready to issue trade signal on oversold indicator we feel dollar's rally against gbp will continue to fizzle. Our target of 4690 is in sight and that would be a good place to short with tight stop looking for retracement from current rally. With rate decision by BOE today it means the pair is overkilled on differential so expect on further upside after retrace. Currency is alot like rubber bands, the stronger you pull them...


Bro stochs can be over sold for days does not mean there is a trade setup.

Stochs dont move the market they are lagging indicator non sense.


Price action and knowing where the market movers are looking to short or long is what is important not some silly indicator
  • #118,500
  • Feb 5, 2009 10:26am Feb 5, 2009 10:26am
Quoting eohater
Good job bro! I took a short at 4670 with SL at 4700. I don't like it, but it's green atm. I think we will still go up.
I am in good company !!! Shorted at 4668... lets see !!
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