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Cable Update (GBPUSD)

  • #119,301
  • Feb 9, 2009 9:27am Feb 9, 2009 9:27am
anyone care for a short?im waiting for M30 to complete..if its ok..then ill short...
money is for living
  • #119,302
  • Feb 9, 2009 9:29am Feb 9, 2009 9:29am
For those of you who are long or contemplating a long. Please make sure you get a good entry. I see her falling down, down, down and more down. Today's daily close will be interesting in deed.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #119,303
  • Feb 9, 2009 9:29am Feb 9, 2009 9:29am
Is anyone looking at the Descending Triangle in this chart?

Where does it look like it's breaking out to? North or South? lol...........
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  • #119,304
  • Feb 9, 2009 9:31am Feb 9, 2009 9:31am
lol............... Nice one. I have made myself about 40 pips and am out

Might bounce off 1.4886 and if it does not then let's watch out for 1.4846 ciao.
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  • #119,305
  • Feb 9, 2009 9:34am Feb 9, 2009 9:34am
Another 40 pips target between 1.4886 and 1.4846. I am short and would wait to see how it goes.
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  • #119,306
  • Feb 9, 2009 9:34am Feb 9, 2009 9:34am
Quoting joemiami
I just went long from 4926.

and I closed for an awesum 4 pip pop! LOL

i should of had an eye out on the usd/jpy....nice set up there...oh well (sighs)
Lol dodged a falling piano.those 4 pips must seem priceless now.
  • #119,307
  • Feb 9, 2009 9:34am Feb 9, 2009 9:34am
Bottoming out the 5m chart, on to the 15m. Closing 1.4866 on the 15m looks like a dip to 1.4702.

2x shorts combined close at +65.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,308
  • Feb 9, 2009 9:38am Feb 9, 2009 9:38am
Looks like she's taking to her heels from 1.4846.

Another 1.4852 testing and break out might be a significant strong down trend.
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  • #119,309
  • Feb 9, 2009 9:39am Feb 9, 2009 9:39am
Quoting eohater
For those of you who are long or contemplating a long. Please make sure you get a good entry. I see her falling down, down, down and more down. Today's daily close will be interesting in deed.

Trade well everyone!
EO
Hey bro.Whats up.
  • #119,310
  • Feb 9, 2009 9:42am Feb 9, 2009 9:42am
Quoting eohater
For those of you who are long or contemplating a long. Please make sure you get a good entry. I see her falling down, down, down and more down. Today's daily close will be interesting in deed.

Trade well everyone!
EO
Hey EO!

good morning...
You are stating a big drop pending..how do you base it...?
thanks

we are well over 61.8 based from 1/8/09 daily
  • #119,311
  • Feb 9, 2009 9:43am Feb 9, 2009 9:43am
Quoting trader2160
Hey bro.Whats up.
Going well bro! I'm tired as all get out from trading her from the opening yesterday through now. I've managed to grab 3 hrs of sleep though.

How about yourself? You bagging your pips?
Just digging in the trenches like everyone else!
  • #119,312
  • Feb 9, 2009 9:43am Feb 9, 2009 9:43am
Obama pushed down now it's time for Queen.

We are in between 1.4913 as resistance and 1.4852 as support.
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  • #119,313
  • Feb 9, 2009 9:51am Feb 9, 2009 9:51am
Quoting walesoje1
Obama pushed down now it's time for Queen.

We are in between 1.4913 as resistance and 1.4852 as support.

Why, what is the Queen going to do?
  • #119,314
  • Feb 9, 2009 9:52am Feb 9, 2009 9:52am
I see appetite for risk is increasing...i guess the stimulus package is making a dent in the forex market..but..in assisting to support opposing pairs.
  • #119,315
  • Feb 9, 2009 9:55am Feb 9, 2009 9:55am
Quoting JammerJams
Hey EO!

good morning...
You are stating a big drop pending..how do you base it...?
thanks

we are well over 61.8 based from 1/8/09 daily
I'm one of the last still holding a bearish view on cable. We've had 9 days of upward movement. Time for her to let out the air and come back down. I have a trendline on my 1h that I'm playing short off of, played short off of it last week as well. Now, I'm short from way up high, I wouldn't recommend someone to jump in short right now, but overall, I see us going back down. I could be wrong, have been wrong in the past and will be wrong again in the future.
Just digging in the trenches like everyone else!
  • #119,316
  • Feb 9, 2009 10:00am Feb 9, 2009 10:00am
Quoting eohater
I'm one of the last still holding a bearish view on cable. We've had 9 days of upward movement. Time for her to let out the air and come back down. I have a trendline on my 1h that I'm playing short off of, played short off of it last week as well. Now, I'm short from way up high, I wouldn't recommend someone to jump in short right now, but overall, I see us going back down. I could be wrong, have been wrong in the past and will be wrong again in the future.

well the effort today far exceeded any gains. extremely volitile.

hope to have stimulus package in place and define a little trend in the direction of the opposing pairs for usd
  • #119,317
  • Feb 9, 2009 10:00am Feb 9, 2009 10:00am
Quoting eohater
I'm one of the last still holding a bearish view on cable. We've had 9 days of upward movement. Time for her to let out the air and come back down. I have a trendline on my 1h that I'm playing short off of, played short off of it last week as well. Now, I'm short from way up high, I wouldn't recommend someone to jump in short right now, but overall, I see us going back down. I could be wrong, have been wrong in the past and will be wrong again in the future.
no doubt bro! trend (major is down) but i think inorder for this puppy to resume natural trend its gonna test 1.53 and i reckon the bears gonna jump on this like a mofo...but till then i reckon they still in the bushes, or at least i hope they are
  • #119,318
  • Feb 9, 2009 10:01am Feb 9, 2009 10:01am
Quoting eohater
Going well bro! I'm tired as all get out from trading her from the opening yesterday through now. I've managed to grab 3 hrs of sleep though.

How about yourself? You bagging your pips?
i also saw 5m tf down...waiting 15m tf follow 4 big momentum down.....
  • #119,319
  • Feb 9, 2009 10:01am Feb 9, 2009 10:01am
Quoting AmeriTrini
Why, what is the Queen going to do?
Queen is yet undecided. I think we might see a big rally upward should the price break through 1.4913 and 1.4980.
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  • #119,320
  • Feb 9, 2009 10:03am Feb 9, 2009 10:03am
With a close on the 5m over 1.4901, going to go long for top run again.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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