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Cable Update (GBPUSD)

  • #124,421
  • Mar 3, 2009 3:22am Mar 3, 2009 3:22am
News in 10 min, let's see!
Nice show everyone!

Popcorn and bretzel available!
  • #124,422
  • Mar 3, 2009 3:23am Mar 3, 2009 3:23am
Quoting Inzider
News in 10 min, let's see!
Nice show everyone!

Popcorn and bretzel available!
Matt! down periscope
Thank You
  • #124,423
  • Mar 3, 2009 3:26am Mar 3, 2009 3:26am
Quoting wormboy
^^ I hope not. Bears looks to be in charge still. Let's see ..
yeah i think the bears myself... but if the dow rallies 300+ then bulls
  • #124,424
  • Mar 3, 2009 3:27am Mar 3, 2009 3:27am
http://www.discoverychannel.co.uk/su...4c161d6802.jpg
  • #124,425
  • Mar 3, 2009 3:31am Mar 3, 2009 3:31am
Quoting mcfx
yeah i think the bears myself... but if the dow rallies 300+ then bulls
The dow is over 3 hours away. That's a lifetime for me
Down periscope
Thank You
  • #124,426
  • Mar 3, 2009 3:32am Mar 3, 2009 3:32am
well i think we can safely say the news was bad lets see what happens now
  • #124,427
  • Mar 3, 2009 3:39am Mar 3, 2009 3:39am
man its moven fast lol
  • #124,428
  • Mar 3, 2009 3:43am Mar 3, 2009 3:43am
yea .. hopefully no one went long, it'll be a quick kill before you know it
Thank You
  • #124,429
  • Mar 3, 2009 3:44am Mar 3, 2009 3:44am
Hmm trying to think of Take profit level for GBP/JPY, but I want to go to bed... any advice on trailing stop, vs certain TP levels?
Dr. C
  • #124,430
  • Mar 3, 2009 3:44am Mar 3, 2009 3:44am
Quoting wormboy
yea .. hopefully no one went long, it'll be a quick kill before you know it

I still think this short term trendline can take us to 4220 area, esp as it just held after bad news. Im not taking a long though just waiting for my entry south
  • #124,431
  • Mar 3, 2009 3:47am Mar 3, 2009 3:47am
Well if she does go up to 4220 pip, that ought to be a change of direction really, coz I mentioned earlier 4150 level which was the floor a few weeks back running up to yesterday, is now the ceiling. Should a candle close well above 4150 I will close all my short position & wait really. Just a thought tho.
Thank You
  • #124,432
  • Mar 3, 2009 3:50am Mar 3, 2009 3:50am
Stupid trendline.... hehe!

------------
Wormboy, talking about 1h or 4h chart?
  • #124,433
  • Mar 3, 2009 3:56am Mar 3, 2009 3:56am
Quoting wormboy
Well if she does go up to 4220 pip, that ought to be a change of direction really, coz I mentioned earlier 4150 level which was the floor a few weeks back running up to yesterday, is now the ceiling. Should a candle close well above 4150 I will close all my short position & wait really. Just a thought tho.
Yeah i totally get what your saying, i wont short at 4220 without a signal anyway.

But i dont think you have to worry looks like the trendline is gonna get a beating in a min
  • #124,434
  • Mar 3, 2009 4:01am Mar 3, 2009 4:01am

btw pip, which trendline are you referring to mate?
Thank You
  • #124,435
  • Mar 3, 2009 4:05am Mar 3, 2009 4:05am
Quoting wormboy

btw pip, which trendline are you referring to mate?
check out my last chart i posted its on there, its very early to be calling it a trendline but it certainly seems to be getting some respect at the moment.

I try to spot trendlines early by drawing upon 2 or more touches as soon as i spot them
  • #124,436
  • Mar 3, 2009 4:06am Mar 3, 2009 4:06am
Quoting PipLand
check out my last chart i posted its on there, its very early to be calling it a trendline but it certainly seems to be getting some respect at the moment.

I try to spot trendlines early by drawing upon 2 or more touches as soon as i spot them
here it is
Attached Image (click to enlarge)
Click to Enlarge Name: 4220trend.gif Size: 53 KB
  • #124,437
  • Mar 3, 2009 4:10am Mar 3, 2009 4:10am
thanks pip. didnt notice its 15m. I was looking at my 4hr & hourly chart! lol
Thank You
  • #124,438
  • Mar 3, 2009 4:19am Mar 3, 2009 4:19am
Quoting wormboy
thanks pip. didnt notice its 15m. I was looking at my 4hr & hourly chart! lol
Your welcome!

Im thinking the footsie is plunging and hasnt brought this down yet, and oil is rallying , wonder what will happen if the footsie rallys slightly?

hmm interesting
  • #124,439
  • Mar 3, 2009 4:27am Mar 3, 2009 4:27am
Oh Abu...were are THOU...?

COULD THIS BE YOUR ENTRY POINT?

please reply before we perish for nothing
  • #124,440
  • Mar 3, 2009 4:27am Mar 3, 2009 4:27am
Ahhhh I'm bored, break 75 geeez...
Hehe!
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