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Cable Update (GBPUSD)

  • #119,341
  • Feb 9, 2009 10:41am Feb 9, 2009 10:41am
Quoting nAVIN2007
the movement today is crazy!..
So far, it has been mainly a "buy the dips" day! But because I trade short term, I look both ways...

We are now trading above the daily 50ema but we need to close above for more solid upmovement.
Patience + Discipline - Greed = Success
  • #119,342
  • Feb 9, 2009 10:44am Feb 9, 2009 10:44am
i'm tired 2 waiting she down
  • #119,343
  • Feb 9, 2009 10:46am Feb 9, 2009 10:46am
Quoting Infinity
So far, it has been mainly a "buy the dips" day! But because I trade short term, I look both ways...

We are now trading above the daily 50ema but we need to close above for more solid upmovement.
i think trading both ways is natural progression but require sound knowledge of how the times frames come together..its starting to click and when i will confident enough i will do the same hopefully.

have a great week bro!
  • #119,344
  • Feb 9, 2009 10:47am Feb 9, 2009 10:47am
h1....
Attached Image
Patience + Discipline - Greed = Success
  • #119,345
  • Feb 9, 2009 10:48am Feb 9, 2009 10:48am
Are we going to break 1.4913? I think we are bouncing off it. 1.4913 has been tested several times and 1.4980 fewer times. I think the 1.4980 will be broken upward but I am still keeping my fingers crossed cos it is Forex and anything can happen. Who knows maybe a disaster is about to befall any country that would affect all currencies lol......

Anyways, for now it's scalping 67 pips high support and resistance lines.
Trading Just Got Easier...
  • #119,346
  • Feb 9, 2009 10:49am Feb 9, 2009 10:49am
Quoting nAVIN2007
i think trading both ways is natural progression but require sound knowledge of how the times frames come together..its starting to click and when i will confident enough i will do the same hopefully.

have a great week bro!
Have a good one yourself bro!
Patience + Discipline - Greed = Success
  • #119,347
  • Feb 9, 2009 10:49am Feb 9, 2009 10:49am
Does anybody short it?
Put short at 4950, steped out for coffe, when I was back - was stopped BE+5.
  • #119,348
  • Edited 11:09am Feb 9, 2009 10:52am | Edited 11:09am
Quoting Infinity
So far, it has been mainly a "buy the dips" day! But because I trade short term, I look both ways...

We are now trading above the daily 50ema but we need to close above for more solid upmovement.

Absolutely correct. It's a buy - buy day all the while although have made 46 pips shorting.

All HT confirms long and I think we are still going to go long. I have not seen anything breaking the channel down.
Trading Just Got Easier...
  • #119,349
  • Feb 9, 2009 11:08am Feb 9, 2009 11:08am
Has someone put superglue on all currency pairs? They all seem to be stuck.
  • #119,350
  • Feb 9, 2009 11:08am Feb 9, 2009 11:08am
Short @ 1.4946, 20 s/l
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,351
  • Feb 9, 2009 11:15am Feb 9, 2009 11:15am
Quoting Magix
Short @ 1.4946, 20 s/l
but s/l too tight, TP: 1.4851, SL : 1.4985
The market is always right, but it is not never wrong!!!
  • #119,352
  • Feb 9, 2009 11:18am Feb 9, 2009 11:18am
Quoting guardians
but s/l too tight, TP: 1.4851, SL : 1.4985
I also take short at 1.4935
  • #119,353
  • Feb 9, 2009 11:23am Feb 9, 2009 11:23am
Quoting Infinity
Have a good one yourself bro!
Your inbox is full bro.Did you catch the match?
  • #119,354
  • Feb 9, 2009 11:24am Feb 9, 2009 11:24am
I'm flat because the market is flat. I'll wait to enter a trade on a retrace.
  • #119,355
  • Feb 9, 2009 11:25am Feb 9, 2009 11:25am
Quoting guardians
but s/l too tight, TP: 1.4851, SL : 1.4985

S/L moved to 1.4956, watching for a breach and hold of 1.4904 to take profit near 1.4891
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,356
  • Feb 9, 2009 11:28am Feb 9, 2009 11:28am
Out @ 1.4930, indies not looking pretty, will wait for new direction....

Out to lunch!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #119,357
  • Feb 9, 2009 11:29am Feb 9, 2009 11:29am
I'm off to bed, this is way to slow for me. I'll just let her run, down!
Have a good one you guys. Gnite.
Thank You
  • #119,358
  • Feb 9, 2009 11:31am Feb 9, 2009 11:31am
Quoting Magix
S/L moved to 1.4956, watching for a breach and hold of 1.4904 to take profit near 1.4891
I think you T/P is too far off because a barrier is at 1.4913. Just an observation.
Trading Just Got Easier...
  • #119,359
  • Feb 9, 2009 11:34am Feb 9, 2009 11:34am
  •  Trader#1F35
  • | Status: Unregistered Trader
all shorts... if it drops and holds below 4855... will continue to drop to an area around 4755-4725

have a short in to tp at 4855 with an order to continue south from 4845

having internt probs... so no connectivity at times.
happy pippin' all

gone for the day
  • #119,360
  • Feb 9, 2009 11:36am Feb 9, 2009 11:36am
Quoting walesoje1
I think you T/P is too far off because a barrier is at 1.4913. Just an observation.

I may have a different view on the charts, but a stop loss for the indicators I use are for safety ranges, not gambles. I still look at this being bearish but will wait for further confirmation after lunch and will gladly take a bird in the hand over 2 in the bush.

+220 on the day scalps on all sides, can we see 300 on a day like today?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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