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Cable Update (GBPUSD)

  • #121,441
  • Feb 18, 2009 10:21am Feb 18, 2009 10:21am
Actually I agree with us seeing 4300 again .. Based on the rally out of that ares I would assume there is still some selling interest there .. Moreso now from retailers as well after seeing how fast price left the area last night.

Its a range game now so after these longs of mine hit their targets I'll look to sell ~43 but who knows where to from there.

See the DOW chart. Vertical line is today open. Large 15 minute MACD divergence .. Supports us up for now.
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  • #121,442
  • Feb 18, 2009 10:23am Feb 18, 2009 10:23am
Missed this ride....sigh...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,443
  • Feb 18, 2009 10:24am Feb 18, 2009 10:24am
I kept picking off the 50% retracement level
  • #121,444
  • Feb 18, 2009 10:26am Feb 18, 2009 10:26am
Quoting eohater
I'm not leaving 4300 off the table, but right now, it's going down for a minute. EUR/USD is pulling it down as well. I'll be watching PA for a nice entry to go back to 4300.
If M15 hold above ema62, seems like highly possible touches 1.4300 earlier !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,445
  • Feb 18, 2009 10:27am Feb 18, 2009 10:27am
Daily dollar index. Diverging as well.

Be careful.
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  • #121,446
  • Feb 18, 2009 10:27am Feb 18, 2009 10:27am
1.4225 seems to be line in the sand to x and hold on 5 min chart for next movement...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,447
  • Feb 18, 2009 10:28am Feb 18, 2009 10:28am
Quoting manize
If M15 hold above ema62, semms like highly possible touches 1.4300 !
We'll see, she's getting ready to touch the 15m 200sma. I would expect a bounce down off of here to around 4210 then back up. I've taken profit on half my position at 4230 and the rest is at +3 again. If 4210 holds, I will add to my position.
Just digging in the trenches like everyone else!
  • #121,448
  • Feb 18, 2009 10:28am Feb 18, 2009 10:28am
Quoting eohater
I'm not leaving 4300 off the table, but right now, it's going down for a minute. EUR/USD is pulling it down as well. I'll be watching PA for a nice entry to go back to 4300.
I got in at 14188 again, but only a small one, 0.1 lot
  • #121,449
  • Feb 18, 2009 10:30am Feb 18, 2009 10:30am
short 1.4235, s/l -20
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,450
  • Feb 18, 2009 10:31am Feb 18, 2009 10:31am
Quoting leu02cz
I got in at 14188 again, but only a small one, 0.1 lot
Same price I got back in at! It's not uncommon for my system for me to get the same entry twice or even 3x in the same session.

Good job on getting back in! Most are afraid to pull the trigger again at the same price! Take the emotion away and just trade. The 1h and the 15m helped me confirm my trade.
Just digging in the trenches like everyone else!
  • #121,451
  • Feb 18, 2009 10:32am Feb 18, 2009 10:32am
Quoting Magix
short 1.4235, s/l -20
Good luck! You should get atleast 20 on it.
Just digging in the trenches like everyone else!
  • #121,452
  • Feb 18, 2009 10:32am Feb 18, 2009 10:32am
Nikkie, S&P, Dow, Nasdaq, Dollar Index, Euro Dollar Index and CFD in Meta Trader.

I tried posting this link before for the MT4 demo but it didn't work. Enjoy!

http://www.forexltd.co.uk/study/opendemoacc/instr/
  • #121,453
  • Feb 18, 2009 10:33am Feb 18, 2009 10:33am
Obama's set to speak in less than 45 minutes. That should kill any rallies.
Hi, my name is Barry and you can keep your doctor...
  • #121,454
  • Feb 18, 2009 10:33am Feb 18, 2009 10:33am
Quoting jack.canadia
Nikkie, S&P, Dow, Nasdaq, Dollar Index, Euro Dollar Index and CFD in Meta Trader.

I tried posting this link before for the MT4 demo but it didn't work. Enjoy!

http://www.forexltd.co.uk/study/opendemoacc/instr/
a meta trader platform that's worth a shit. I'll be checking this out. Thanks!
Just digging in the trenches like everyone else!
  • #121,455
  • Feb 18, 2009 10:33am Feb 18, 2009 10:33am
Quoting eohater
Good luck! You should get atleast 20 on it.
Watching for movement and t/p close around 1.4212
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,456
  • Feb 18, 2009 10:34am Feb 18, 2009 10:34am
Quoting eohater
Same price I got back in at! It's not uncommon for my system for me to get the same entry twice or even 3x in the same session.

Good job on getting back in! Most are afraid to pull the trigger again at the same price! Take the emotion away and just trade. The 1h and the 15m helped me confirm my trade.
  • #121,457
  • Feb 18, 2009 10:35am Feb 18, 2009 10:35am
Quoting eohater
a meta trader platform that's worth a shit. I'll be checking this out. Thanks!
You will love it. Especially for the dollar index and dow. Two live feeds you must have at your finger tips.

Nice longs btw. I was in from the low 80's and closed my three lots for +50.
  • #121,458
  • Feb 18, 2009 10:37am Feb 18, 2009 10:37am
A question to everyone really. What other charts do you pay attention to whilst trading GU? I'd assume the DOW is the obvious, but any others you take peeps at often. Or purely GU charts, no other distractions?
  • #121,459
  • Feb 18, 2009 10:39am Feb 18, 2009 10:39am
In case anyone wondered, we just pivoted off of the daily open (00:00GMT).
  • #121,460
  • Feb 18, 2009 10:40am Feb 18, 2009 10:40am
Quoting pmn100
A question to everyone really. What other charts do you pay attention to whilst trading GU? I'd assume the DOW is the obvious, but any others you take peeps at often. Or purely GU charts, no other distractions?
The Dow and Dollar Index.
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