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Cable Update (GBPUSD)

  • #120,301
  • Feb 13, 2009 7:38am Feb 13, 2009 7:38am
well, the 4hr didn't take out the sma @ 4550. Still looks indecisive with the current candle tho. Devided between buyers & sellers atm, welp the saying goes "devided you fall". Trade now & you're playing with fire if you ask me. So until it's decided, I'll remain out. Hey, maybe I'll get that weekend break after all ey?
Thank You
  • #120,302
  • Feb 13, 2009 7:40am Feb 13, 2009 7:40am
we could be a at a interesting area.
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  • #120,303
  • Feb 13, 2009 7:43am Feb 13, 2009 7:43am
Quoting MarkyBoy
Thanks Bones - I've just come back to my screen and I can see that you've replied to my original post. I ended up taking a much better trade last night, buying where the arrow is on the attached chart. Wasn't sure whether it reversed at the point it did due to the 50 EMA or the trendline (which had already broken once) or both. I'll look over your advice later but any guidance on the reason for this specific reversal would be gratefully received - was the trendline a contributor to the reversal or was it just the 50 EMA or something completely unrelated?...
I saw your post in Eo's thread. Turtle's response was spot on... that is why I did not respond. It was a good area to long because there was confluence with the 50ema and the trendline in that area. Also the fact that we did not close through the 50ema was even better confirmation to take the trade.
Patience + Discipline - Greed = Success
  • #120,304
  • Feb 13, 2009 7:45am Feb 13, 2009 7:45am
Thats a good buy Mark,but really I dont even look at 15 min chart ,unless your a pro you will get burned on this TF.
Im always happy to help mate ,but beware I am learning too.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,305
  • Feb 13, 2009 7:46am Feb 13, 2009 7:46am
head and shoulders formation in progress???
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  • #120,306
  • Feb 13, 2009 7:49am Feb 13, 2009 7:49am
cesarg : good eye mate, saw that earlier too, got me all itching to short if it clears my desired price.
Thank You
  • #120,307
  • Feb 13, 2009 7:49am Feb 13, 2009 7:49am
Quoting Infinity
I saw your post in Eo's thread. Turtle's response was spot on... that is why I did not respond. It was a good area to long because there was confluence with the 50ema and the trendline in that area. Also the fact that we did not close through the 50ema was even better confirmation to take the trade.
Thanks Infinity - I wasn't questioning Turtle's response - I was just making sure that I was thinking correctly.

  • #120,308
  • Feb 13, 2009 7:54am Feb 13, 2009 7:54am
Starting South?
  • #120,309
  • Feb 13, 2009 7:56am Feb 13, 2009 7:56am
Quoting Exciter135
Starting South?
this could be huge, based on the way UK bank stocks are tumbling in past few minutes and Cable's recent strong correlation with this sector... lloyds down 40% on day, due to announcing huge losses on their acquisition of hbos. this dip is all about the fundamentals!

1351 GMT [Dow Jones] DJ Eurostoxx 50 +1.1% at 2240.19, still up in the black but off session highs, after the UK's Lloyds Banking Group disappoints the market by showing a bigger than expected loss at recently acquired HBOS. Lloyds Banking Group -21%, Royal Bank of Scotland -7.1% and HSBC -0.7%. Lloyds Banking Group's update reveals HBOS's 2008 trading has been further impacted by increasingly difficult market conditions, an acceleration in the deterioration of credit quality and falls in estimated asset values. Lloyds now expects HBOS to report an underlying loss before tax of some GBP8.5B for 2008. Elsewhere, Air-France KLM +3.2% after the airline pleases the market with its earnings. (ISD)
  • #120,310
  • Feb 13, 2009 7:57am Feb 13, 2009 7:57am
100 pips in 15 minutes!!!
  • #120,311
  • Feb 13, 2009 7:58am Feb 13, 2009 7:58am
Quoting Exciter135
Starting South?
15M closed below earlier resistance - should have sold there:
Attached Image (click to enlarge)
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  • #120,312
  • Feb 13, 2009 7:59am Feb 13, 2009 7:59am
broken rising tl. Anyone long off the 1h 50ema or 4h 5sma?
  • #120,313
  • Feb 13, 2009 8:00am Feb 13, 2009 8:00am
wowooww . . i 'll be adding my shorts here!!
  • #120,314
  • Feb 13, 2009 8:01am Feb 13, 2009 8:01am
....
Attached Image
Patience + Discipline - Greed = Success
  • #120,315
  • Feb 13, 2009 8:02am Feb 13, 2009 8:02am
Quoting ezodisy
broken rising tl. Anyone long off the 1h 50ema or 4h 5sma?
Ok..now..you will see support resistence shortly..in the 4350 level..
I moved my SL down halfway...and place another Short below 4285 to 4200

She may not break this level...and retrace upward..but I have gained 75 pips down..and safe in doing it..

If she breaks..then I have 1 open at 150 pips...and 2nd open to place +BE immediately..after 10 pip profit level
  • #120,316
  • Feb 13, 2009 8:06am Feb 13, 2009 8:06am
Quoting ezodisy
broken rising tl. Anyone long off the 1h 50ema or 4h 5sma?
Price action does not support long atm.. we closed below solid resistance areas on m15 and h1 and we also took out the previous h4 candle...
A retest of the m15 50 could be a good area to short if it does not close through it.
Patience + Discipline - Greed = Success
  • #120,317
  • Feb 13, 2009 8:07am Feb 13, 2009 8:07am
Quoting Infinity
....

Now that is awesome..!!! Perfect for Freaky friday!

love his platform shoes.."disco killer"
  • #120,318
  • Feb 13, 2009 8:08am Feb 13, 2009 8:08am
Looks like a shake up to me ,I wouldnt sell into the daily.Ill eat my hat if that candle turns neg.lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,319
  • Feb 13, 2009 8:09am Feb 13, 2009 8:09am
Quoting Bones
Looks like a shake up to me ,I wouldnt sell into the daily.Ill eat my hat if that candle turns neg.lol
Careful... I heard that hat are hard to digest.....
Patience + Discipline - Greed = Success
  • #120,320
  • Feb 13, 2009 8:09am Feb 13, 2009 8:09am
Time to sleep, happy green pips all!

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