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Cable Update (GBPUSD)

  • #118,601
  • Feb 5, 2009 2:59pm Feb 5, 2009 2:59pm
Quoting JammerJams
I feel that we are in a No trade zone....We have to break out on either side in order to make a more probable decision..but to condier a long or short at this time is a toss of a coin.

good luck gents...
I wouldn't take a short at the current price nor would I take a long. I would start putting shorts on around 4665 and up to 4700, but that 's really only good for the next 4h hours.
Just digging in the trenches like everyone else!
  • #118,602
  • Feb 5, 2009 3:06pm Feb 5, 2009 3:06pm
crap, am I the only one in a trade right now?
Thank You
  • #118,603
  • Feb 5, 2009 3:12pm Feb 5, 2009 3:12pm
hi all, and i hope it was nice trading for all...
i want to ask a question...my broker is crown forex and they told me in january that there is an regular investegation from the government and it will finish at the end of january, but they told us that the investegation will last for more days in february...is that normal or there is a bad thing happening...i want to know if this thing happened for any one of you...
what you get in the wind goes through the storms
  • #118,604
  • Feb 5, 2009 3:14pm Feb 5, 2009 3:14pm
Quoting JammerJams
I feel that we are in a No trade zone....We have to break out on either side in order to make a more probable decision..but to condier a long or short at this time is a toss of a coin.

good luck gents...
Sometimes the best trade is turning the screen off and walking away for an hour, a day or even a week.
  • #118,605
  • Feb 5, 2009 3:18pm Feb 5, 2009 3:18pm
Quoting wormboy
crap, am I the only one in a trade right now?
I'm short from 1.46250.
  • #118,606
  • Feb 5, 2009 3:31pm Feb 5, 2009 3:31pm
alrite! thought i was alone. took mine at 4638. Let's hope it doesn't bite us both in the ass ey
See you guys, am off to bed. Happy trading!
Thank You
  • #118,607
  • Feb 5, 2009 3:55pm Feb 5, 2009 3:55pm
Quoting eohater
Here's another thought on where we're going. Our daily close is not going to be a bearish close. I wouldn't be surprised to see her spike up to 478x, not right away, but sometimes tomorrow. Might be in the London Session, might be tomorrow's US Session. Should we get this spike, it's where the daily 50ema is at. I will short her without much thought to it.

Trade well!
EO
I see move up to 2760ish - then be really careful
I am on trading this on the up at this time
No Trades Going - only need 50 to finish out my week
I will only be taking low risk trades
Speaking of which:
Remember not to be trading when nfp comes out
best to sit on sidelines and wait 15 to 30 minutes - minimum
to see the reaction - your choice(s) though
  • #118,608
  • Feb 5, 2009 4:01pm Feb 5, 2009 4:01pm
Quoting golatigo
I see move up to 2760ish - then be really careful
I am on trading this on the up at this time
No Trades Going - only need 50 to finish out my week
I will only be taking low risk trades
Speaking of which:
Remember not to be trading when nfp comes out
best to sit on sidelines and wait 15 to 30 minutes - minimum
to see the reaction - your choice(s) though
I'm flat atm myself. I do have a pending order short that I just put back on at 4665. Probably won't get filled. I'm not willing to trade her long atm either. Your very right about NFP, don't get caught in that mess. If there is one news item to be concerned about, NFP is it. My PO expires in 3 hours. After that, I'll be on the lookout for low risk trades myself. My weekly goal has been met and freaky Friday is coming.

As to your 50, you'll have those before the Asian session is over.

Keep up the good work! I'm on the way to dinner with the family. Be back on tonight to see how things have developed.
Just digging in the trenches like everyone else!
  • #118,609
  • Feb 5, 2009 4:07pm Feb 5, 2009 4:07pm
Quoting primasoldi
I'm short from 1.46250.
...short 4620...
  • #118,610
  • Feb 5, 2009 4:21pm Feb 5, 2009 4:21pm
I'm short from 1.4624
  • #118,611
  • Feb 5, 2009 4:47pm Feb 5, 2009 4:47pm
every body sleeping??
  • #118,612
  • Feb 5, 2009 4:52pm Feb 5, 2009 4:52pm
Quoting napster_630
every body sleeping??
Not a good time to be trading
  • #118,613
  • Feb 5, 2009 4:59pm Feb 5, 2009 4:59pm
Quoting golatigo
Not a good time to be trading
why do you think so ? we've just got burned from resistance
  • #118,614
  • Feb 5, 2009 5:03pm Feb 5, 2009 5:03pm
Quoting 01donatas
why do you think so ? we've just got burned from resistance
going out to roll about in the snow put myself out
  • #118,615
  • Feb 5, 2009 5:19pm Feb 5, 2009 5:19pm
guys..how u guys detect thats a good opportunity to short?i mean for those who have just shorted now...coz this doesnt look that way...my ema is going against it...
money is for living
  • #118,616
  • Feb 5, 2009 5:25pm Feb 5, 2009 5:25pm
Quoting mangZX7L
guys..how u guys detect thats a good opportunity to short?i mean for those who have just shorted now...coz this doesnt look that way...my ema is going against it...
I guess this PinBar is one of the reason, the 50%fib from 1.5722 to 1.3505 is also at 1.4611. Main trend is down.


It might be wrong but the technical's are there.
Attached Image (click to enlarge)
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  • #118,617
  • Feb 5, 2009 5:29pm Feb 5, 2009 5:29pm
Quoting cesare76fx
I guess this PinBar is one of the reason, the 50%fib from 1.5722 to 1.3505 is also at 1.4611. Main trend is down.


It might be wrong but the technical's are there.
why i dont have that kind of pin bar?
money is for living
  • #118,618
  • Feb 5, 2009 5:30pm Feb 5, 2009 5:30pm
Quoting mangZX7L
why i dont have that kind of pin bar?
The 4hr charts differ one another because of the time zone, my chart in the above example is GMT 0. Unless my broker is playing tricks on me.
  • #118,619
  • Feb 5, 2009 5:36pm Feb 5, 2009 5:36pm
Quoting cesare76fx
The 4hr charts differ one another because of the time zone, my chart in the above example is GMT 0. Unless my broker is playing tricks on me.
hmm..well..then we wont be doing the same PO then lol?
this is madness lol
money is for living
  • #118,620
  • Feb 5, 2009 5:40pm Feb 5, 2009 5:40pm
im afraid that we might be heading north lol..coz my 20,5 sma showing that..but..anything might happen..on my H4..it already break my 200 ema to the north..is this a sign of trend reversal?somebody mind sharing some opinion here?
money is for living
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