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Cable Update (GBPUSD)

  • #123,661
  • Feb 26, 2009 3:37am Feb 26, 2009 3:37am
It's bouncing off the 21EMA in the hourly - could go either way....
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  • #123,662
  • Feb 26, 2009 4:17am Feb 26, 2009 4:17am
If it breaks 1.4313/30, then we might go to 1.4445/1.4500 due to the news tonight and there are 3 important news for US.
  • #123,663
  • Feb 26, 2009 4:17am Feb 26, 2009 4:17am
Quoting daffy
Don't bother taking any more trades, the world is coming to an end.
Mervyn King spoke, and the pound didn't drop .... if that's not a sign of the end the of world,
I don't know what is!
?
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  • #123,664
  • Feb 26, 2009 4:42am Feb 26, 2009 4:42am
Yes, the trend looks like it has turned.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
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  • #123,665
  • Feb 26, 2009 4:47am Feb 26, 2009 4:47am
Quoting thirtypips
Yes, the trend looks like it has turned.

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
not at all
signal ws the the 4hr candle bullish outside bar and mini support held to go up...we approaching resistance thou...it was in fairness a stupid entery, i bought right where it could have been rejected but the 4hr candle gave me a chance
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  • #123,666
  • Feb 26, 2009 4:55am Feb 26, 2009 4:55am
U think its gonna reverse @ around 43.40?
  • #123,667
  • Feb 26, 2009 4:56am Feb 26, 2009 4:56am
Quoting BANDA
Hey buddy...
i hear u buddy..
honestly thou bro..u gotta trade your belief otherwise trading is gonna kill u..any1 can have a bad trade and u gotta realise not to put all into a single trade cause that will be the likely trade to kill u...

realising this keep us one step ahead of the rest...good luck and im sure the confidence will come back
  • #123,668
  • Feb 26, 2009 4:56am Feb 26, 2009 4:56am
Took Abuawad Buy Signal. on the 15 min confirmation . My first one after looking at his entry . Abuawad we hitting this? Entry 1.4311 Target 1.4415 SL 1.4255

!!!!
  • #123,669
  • Feb 26, 2009 4:57am Feb 26, 2009 4:57am
I missed the run up, we are now at the top of the 5min Trend line. It will be interesting to see if it breaks and goes through the Pivot Point or she bounces back down.

I guess the US news in 30 min will determine that.
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  • #123,670
  • Feb 26, 2009 4:58am Feb 26, 2009 4:58am
I'm still in the fight long from 1.4249
  • #123,671
  • Feb 26, 2009 5:00am Feb 26, 2009 5:00am
Quoting skerdi-meta
U think its gonna reverse @ around 43.40?
i would be surprised if it blew right though it but i expect it to sink slightly first but its all in the candle i try so hard not to read what isnt there...so it all about the seeing rather than the thinking
  • #123,672
  • Feb 26, 2009 5:05am Feb 26, 2009 5:05am
I'll wait until it climbs up for more 100 pips ahead and then sell this damn thing!
ROBOT FOREX
  • #123,673
  • Feb 26, 2009 5:05am Feb 26, 2009 5:05am
closing positions!
  • #123,674
  • Feb 26, 2009 5:06am Feb 26, 2009 5:06am
Quoting mseaz9
Took Abuawad Buy Signal. on the 15 min confirmation . My first one after looking at his entry . Abuawad we hitting this? Entry 1.4311 Target 1.4415 SL 1.4255

!!!!
Nice and Clean 61 Pips
for the 2nd buy entry we have the confirmation also on 30M.
but as i say before the SL not placed on the position you have to close it manually if its confirm on 15&30M candle.
  • #123,675
  • Feb 26, 2009 5:07am Feb 26, 2009 5:07am
Got my stop taken out this morning, was in at 1.4220.

just got back..

bugger!
  • #123,676
  • Feb 26, 2009 5:09am Feb 26, 2009 5:09am
Quoting Abuawad
Nice and Clean 61 Pips
for the 2nd buy entry we have the confirmation also on 30M.
but as i say before the SL not placed on the position you have to close it manually if its confirm on 15&30M candle.

Should i let it run?
or close?
  • #123,677
  • Feb 26, 2009 5:14am Feb 26, 2009 5:14am
Quoting mseaz9
Should i let it run?
or close?
its your call..
you can but a moving SL. on the first buy position from 1.4311 so that you will be locking the profit more than the planed for that call, in the same way on the entry of the 2nd call.
but this is my personal recommendation you can take it or leave it.
  • #123,678
  • Feb 26, 2009 5:14am Feb 26, 2009 5:14am
Quoting mikjurado
closing positions!
Very nice green pips, huh!
The market is always right, but it is not never wrong!!!
  • #123,679
  • Feb 26, 2009 5:16am Feb 26, 2009 5:16am
Maybe we can shere together as well.
GELORE
  • #123,680
  • Feb 26, 2009 5:19am Feb 26, 2009 5:19am
the 4h looks buulish, the 15 min bearish, its @ the resistance right now
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