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Cable Update (GBPUSD)

  • #118,961
  • Feb 6, 2009 1:38pm Feb 6, 2009 1:38pm
Quoting gammase1
Well done on coming out fine. I didn't see any mention of that on your journal - I musn't have looked hard enough - I thought you were in with hard stops.

stops are stops but doesnt mean if im up on a trade i dont move stops to b/e i just figure most people understand that.

I had football practice last night from 9-11 so when i got home i was to tired to even bother doing anything trading wise.
  • #118,962
  • Feb 6, 2009 1:38pm Feb 6, 2009 1:38pm
Quoting steelhead
http://www.forexfactory.com/showthread.php?t=151457



I have an entire thread started about me calling me a fraud lol. How wonderful.

While this guy was doing that just locked in +150 on ea.

LOL.

In the words of Frank Carson, 'It's the way I tell 'em'

Some people have a hard time with your straight way of putting your point across.

I personally find it quite amusing and always find your trading stratagie intresting.
  • #118,963
  • Feb 6, 2009 1:40pm Feb 6, 2009 1:40pm
I have no idea if we will go to the 5300 on TL break I would think about it as a target ,What do you believe

Pattern
or
TL
?

Quoting ayour2a
do u see GU hitting 1.5300 next week,per ur chart and moreso,its looks like we might have a bounce off the Trendline?thanks

Ayour2a
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,964
  • Feb 6, 2009 1:40pm Feb 6, 2009 1:40pm
Quoting eohater
Your 4h closes in 30m right? Is it starting to look like a pin?
yes it closes at 3pm est. It looks strong at the moment though. I am much more interested in the daily/weekly close...
Patience + Discipline - Greed = Success
  • #118,965
  • Feb 6, 2009 1:41pm Feb 6, 2009 1:41pm
Quoting steelhead
stops are stops but doesnt mean if im up on a trade i dont move stops to b/e i just figure most people understand that.

I had football practice last night from 9-11 so when i got home i was to tired to even bother doing anything trading wise.
No worries man. As I said, I don't trade, or hardly follow, EA, so I didn't know whether your positions moved into the green or not. It had hefty move south, so you've done well to trade counter-trend and come out on top.

Paul
  • #118,966
  • Feb 6, 2009 1:42pm Feb 6, 2009 1:42pm
The one thing I do know is we will close Bullish


Quoting Bones
I have no idea if we will go to the 5300 on TL break I would think about it as a target ,What do you believe

Pattern
or
TL
?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,967
  • Feb 6, 2009 1:43pm Feb 6, 2009 1:43pm
Quoting Infinity
yes it closes at 3pm est. It looks strong at the moment though. I am much more interested in the daily/weekly close...
I agree, I'm more interested in the daily close. Thanks bro!
Just digging in the trenches like everyone else!
  • #118,968
  • Feb 6, 2009 1:44pm Feb 6, 2009 1:44pm
The daily is healthy after breakout...
Attached Image (click to enlarge)
Click to Enlarge Name: 37-gbp-usd , daily -6-2-09,,6-2.gif Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,969
  • Feb 6, 2009 1:46pm Feb 6, 2009 1:46pm
Quoting Bones
The one thing I do know is we will close Bullish
No doubt bro!
Patience + Discipline - Greed = Success
  • #118,970
  • Feb 6, 2009 1:49pm Feb 6, 2009 1:49pm
Does everyone remember last Friday and how she ran like a banshi in the last 1h of trading? We might see it again today!!
Just digging in the trenches like everyone else!
  • #118,971
  • Feb 6, 2009 1:51pm Feb 6, 2009 1:51pm
"GBPUSD – Our forex trading strategies recently bought the British Pound against the US Dollar, as a sharp shift in forex sentiment signaled that further gains were likely. Yet we likewise note that bullish developments out of the recent Bank of England rate decision has led many traders to buy the GBP/USD aggressively; long positions are a sharp 29.1 percent overnight. This compares with a similarly dramatic 21.3 gain in short orders—tempering the shift in sentiment. Our contrarian Speculative Sentiment Index analysis tells us that the net-short GBP/USD bias signals that further short-term gains are likely. Indeed, we remind traders that short positions are a massive 90.4 percent higher since last week."

How does that affect GU? It's been going up all week.



Rgds
  • #118,972
  • Feb 6, 2009 1:52pm Feb 6, 2009 1:52pm
Quoting Bones
The daily is healthy after breakout...
We also closed above and retested the red tl I had on the hourly too!.. However, we are still inside the h1 channel and below the weekly 10ema (4818)....

Based on the price action on the weekly candle though... this looks strong and more upmoves are likely next week, especially if we close above the daily 50ema and the weekly 10ema.
Patience + Discipline - Greed = Success
  • #118,973
  • Feb 6, 2009 1:52pm Feb 6, 2009 1:52pm
Quoting eohater
Does everyone remember last Friday and how she ran like a banshi in the last 1h of trading? We might see it again today!!
But then we had a nice drop on Sunday.
  • #118,974
  • Feb 6, 2009 1:52pm Feb 6, 2009 1:52pm
I remember very well EO I was short ,lol
Quoting eohater
Does everyone remember last Friday and how she ran like a banshi in the last 1h of trading? We might see it again today!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,975
  • Feb 6, 2009 1:54pm Feb 6, 2009 1:54pm
Quoting Manolosal
"GBPUSD – Our forex trading strategies recently bought the British Pound against the US Dollar, as a sharp shift in forex sentiment signaled that further gains were likely. Yet we likewise note that bullish developments out of the recent Bank of England rate decision has led many traders to buy the GBP/USD aggressively; long positions are a sharp 29.1 percent overnight. This compares with a similarly dramatic 21.3 gain in short orders—tempering the shift in sentiment. Our contrarian...
Some advice....... anything from them should be processed like this:

http://outtheotherear.files.wordpres...-the-other.jpg
Patience + Discipline - Greed = Success
  • #118,976
  • Feb 6, 2009 1:56pm Feb 6, 2009 1:56pm
lol
  • #118,977
  • Feb 6, 2009 1:57pm Feb 6, 2009 1:57pm
LOL thats so true Infinity ,actually they would prefer you to loose.

Quoting Infinity
Some advice....... anything from them should be processed like this:

http://outtheotherear.files.wordpres...-the-other.jpg
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,978
  • Feb 6, 2009 1:57pm Feb 6, 2009 1:57pm
Quoting Infinity
Some advice....... anything from them should be processed like this:

http://outtheotherear.files.wordpres...-the-other.jpg
I love the picture!!
Just digging in the trenches like everyone else!
  • #118,979
  • Feb 6, 2009 1:58pm Feb 6, 2009 1:58pm
Quoting Komissar
But then we had a nice drop on Sunday.
Oh yeah! We had a hell of a drop on Sunday.
Just digging in the trenches like everyone else!
  • #118,980
  • Feb 6, 2009 2:00pm Feb 6, 2009 2:00pm
Is there a way to figure out how will Sunday open be? last week I was short and it came our great. What are your thoughts for this weekend?
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