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Cable Update (GBPUSD)

  • #119,321
  • Feb 9, 2009 10:03am Feb 9, 2009 10:03am
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?
Yeah I stayed up around the open too.One good short then and later took a long on the Barclays news,Which was against my better judgement at the time as I was bearish,but pa was too good to resist.Turned out pretty darn good.
  • #119,322
  • Feb 9, 2009 10:04am Feb 9, 2009 10:04am
im thinking retrace to 1.48 then up!
  • #119,323
  • Feb 9, 2009 10:04am Feb 9, 2009 10:04am
Quoting nAVIN2007
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
I can see 1.53, as well as 1.56 as being excellent opportunities to short her. To get there though, she has to smash the hell out of 1.504x.
Just digging in the trenches like everyone else!
  • #119,324
  • Feb 9, 2009 10:05am Feb 9, 2009 10:05am
Quoting eohater
I can see 1.53, as well as 1.56 as being excellent opportunities to short her. To get there though, she has to smash the hell out of 1.504x.
for sure bro!
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 24 KB
  • #119,325
  • Feb 9, 2009 10:05am Feb 9, 2009 10:05am
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.
I agree with you ,but we didn't reach the height on this move I would go short for sure about 1.53 and maybe sooner.Let wait until more clear picture
  • #119,326
  • Feb 9, 2009 10:06am Feb 9, 2009 10:06am
Quoting nAVIN2007
im thinking retrace to 1.48 then up!
I wouldn't mind seeing 1.48 today!
Just digging in the trenches like everyone else!
  • #119,327
  • Feb 9, 2009 10:06am Feb 9, 2009 10:06am
you're not the only one bearish eo
told you last week i expected a gap up to around 1.5 level. well no gap but this push is close enough. Short @ 4930 w sl @ 5120
Gonna ride this mother down. Happy trading
Thank You
  • #119,328
  • Feb 9, 2009 10:09am Feb 9, 2009 10:09am
Quoting wormboy
you're not the only one bearish eo
told you last week i expected a gap up to around 1.5 level. well no gap but this push is close enough. Short @ 4930 w sl @ 5120
Gonna ride this mother down. Happy trading
Nice, my shorts are from 4970, I've taken partial profit and the rest is covered at +3.
Just digging in the trenches like everyone else!
  • #119,329
  • Feb 9, 2009 10:09am Feb 9, 2009 10:09am
Quoting eohater
I wouldn't mind seeing 1.48 today!
watch this trendline bro..it appear to be bouncing from it, it will have to break below it for 1.48 to be seen but the way this is moving anything is possible
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 24 KB
  • #119,330
  • Feb 9, 2009 10:14am Feb 9, 2009 10:14am
Quoting sofia101
I agree with you ,but we didn't reach the height on this move I would go short for sure about 1.53 and maybe sooner.Let wait until more clear picture

reminder..we are getting a bit late in the day...
I can see a short much sooner then 1.53

we will see 1.53 after stimulus acceptance news is released
  • #119,331
  • Feb 9, 2009 10:15am Feb 9, 2009 10:15am
as soon as the 15 min chart finishes its uptrend( forming bearish divergence too on MACD)........I'll go short to follow downward bias off 1 hr chart
  • #119,332
  • Feb 9, 2009 10:15am Feb 9, 2009 10:15am
+75 going to watch for direction from here....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,333
  • Feb 9, 2009 10:18am Feb 9, 2009 10:18am
Quoting eohater
I wouldn't mind seeing 1.48 today!
I would not mind seeing even 1.5 today. The US economy is in shabble because of unapproved stimulus package and last week NFP which reveals housing and high rate of unemployment.

The UK economy is not also vibrant else a strong positive speculation of up up up and even high up would have been what we will see all the way.
Trading Just Got Easier...
  • #119,334
  • Feb 9, 2009 10:19am Feb 9, 2009 10:19am
Quoting JammerJams
reminder..we are getting a bit late in the day...
I can see a short much sooner then 1.53

we will see 1.53 after stimulus acceptance news is released
I wasn't speaking about today I am speaking this week I am much longer term ,if I am not scalping
  • #119,335
  • Feb 9, 2009 10:19am Feb 9, 2009 10:19am
  •  Trader#B2A6
  • | Status: Unregistered Trader
may be screwing up, but went short 1.4952 based on 30 and hourly... gonna walk away, can't look
  • #119,336
  • Edited 10:38am Feb 9, 2009 10:22am | Edited 10:38am
1.4980 is posing strong but her Jericho walls will be broken.... Do you believe the queen would do that?

I am trading between 1.4980 and 1.4913 only now. These are 2 strong barriers. I will not contemplate anything outside the region unless I see a clear break in either direction.
Trading Just Got Easier...
  • #119,337
  • Feb 9, 2009 10:25am Feb 9, 2009 10:25am
I'm outta here guys, I can't handle the factory's website today. Everytime I go to post or change screens, it goes all nutty!

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #119,338
  • Feb 9, 2009 10:25am Feb 9, 2009 10:25am
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.
Hey bro! I played her off the top of this channel not too long ago and closed it at the m15 50ema. I should have reversed there but had to go on the road...
Definitely watching the daily close.
Attached Image
Patience + Discipline - Greed = Success
  • #119,339
  • Feb 9, 2009 10:28am Feb 9, 2009 10:28am
Quoting Infinity
Hey bro! I played her off the top of this channel not too long ago and closed it at the m15 50ema. I should have reversed there but had to go on the road...
Definitely watching the daily close.
the movement today is crazy!..
  • #119,340
  • Feb 9, 2009 10:34am Feb 9, 2009 10:34am
1.4930 seems to be the line in the sand on a 5m. Close below, gone short, close above, going long again.

No position right now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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