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Cable Update (GBPUSD)

  • #124,601
  • Mar 3, 2009 10:18pm Mar 3, 2009 10:18pm
morning ppl. is this configuraton correct? i see 15 & 30 mins. candle sticks in downward configuration. who sees that?



Quoting Magix
Had S/L set to +1, tripped out. will see if she picks a higher high to play from...
  • #124,602
  • Mar 3, 2009 10:30pm Mar 3, 2009 10:30pm
Quoting mcmartins
morning ppl. is this configuraton correct? i see 15 & 30 mins. candle sticks in downward configuration. who sees that?

I see it, play no longer meets my criteria...shortened play range with relatively flat indies can turn and pop on you in a second. Holding shorts from 1.4130 area, will let them ride...scalping for beer money now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,603
  • Mar 3, 2009 10:35pm Mar 3, 2009 10:35pm
Unless there is a major incident, sterling seems to be holding around 1.40 could it be building a base, for a potential upward move? I mean, US equities are looking for a relief rally they may indirectly affect the pair.
  • #124,604
  • Mar 3, 2009 10:40pm Mar 3, 2009 10:40pm
Quoting kalparker
Unless there is a major incident, sterling seems to be holding around 1.40 could it be building a base, for a potential upward move? I mean, US equities are looking for a relief rally they may indirectly affect the pair.

I gauge this pair by USD standings in other trade pairs. Strength still seems to favor USD over GBP, EUR, CAD, AUD from what I am watching. Will follow this trend until see reason not to.

Top of the chart for USD/CAD (4 years) is a mere stones throw away, will be interesting to see if it busts through.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,605
  • Mar 3, 2009 10:47pm Mar 3, 2009 10:47pm
Funny thing about this pair...with the way she been playing, prolly the easiest money made is to set a hedged pair with a t/p of 60 on both sides and let her ride....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,606
  • Mar 3, 2009 11:00pm Mar 3, 2009 11:00pm
I'm not feeling to contradic yourself but saying that afterwhile is easy, while the pairs is moving is something else. Also, i wonder what you would do whit the order still open when the thing will make a price shock in the wrong way.

hedging is a pain, well, from me.

just a tough...
  • #124,607
  • Mar 3, 2009 11:05pm Mar 3, 2009 11:05pm
Quoting Inzider
I'm not feeling to contradic yourself but saying that afterwhile is easy, while the pairs is moving is something else. Also, i wonder what you would do whit the order still open when the thing will make a price shock in the wrong way.

hedging is a pain, well, from me.

just a tough...
I didnt recommend this as a strategy, or suggest it as a guaranteed money maker... it was merely in jest....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,608
  • Mar 3, 2009 11:10pm Mar 3, 2009 11:10pm
All good!
  • #124,609
  • Mar 3, 2009 11:21pm Mar 3, 2009 11:21pm
An amusing strategy that I have both read about and tried...

GBP/JPY - hedge trade for US open, set S/L @-66 and T/P for +122.

Worked 2 out of 3 mornings for me....

The last one I played, sucked hard, lost on both sides....

AGAIN...not recommending it...just for amusement purposes only
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,610
  • Mar 4, 2009 1:34am Mar 4, 2009 1:34am
Good morning mates.

if cable gets to 1.4080...i will short the hell out of it..will any person agree with me?
  • #124,611
  • Mar 4, 2009 1:43am Mar 4, 2009 1:43am
Quoting alfamichi
Good morning mates.

if cable gets to 1.4080...i will short the hell out of it..will any person agree with me?
it's good choice i think...... right now it's good time to find a point to go short.. i am not with GU though.. am with EU since she moves quite nice earlier ..
  • #124,612
  • Mar 4, 2009 1:48am Mar 4, 2009 1:48am
Quoting alfamichi
Good morning mates.

if cable gets to 1.4080...i will short the hell out of it..will any person agree with me?
I am short at 1.4059
  • #124,613
  • Mar 4, 2009 1:51am Mar 4, 2009 1:51am
GBP/USD Has a breakout from a minor upper trendline on Hourly Chart. There is another upper trendline and a major trendline which is also the lower trendline of the triangle pattern discussed earlier. This lower trendline of the major triangle pattern would now act as a stiff resistance. Break above this lines would force us to change our opinions. As of now it would be ideal to stay clear.

Very short term trades to the upside can be considered as there was a breakout of a minor triangle pattern as can be seen on the chart. The Target would ideally be at 1.4325. However this would be possible only if the lower trendline of the Major Triangle Pattern marked with a Green Thick trendline is crossed.
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  • #124,614
  • Mar 4, 2009 1:52am Mar 4, 2009 1:52am
waiting new candle @ H1, bad price to take Short...
  • #124,615
  • Mar 4, 2009 2:31am Mar 4, 2009 2:31am
i had a bad network..still waiting at the bus stop....too scared to enter the trade..GU not obeying the trend. Yen seems too weak
  • #124,616
  • Mar 4, 2009 2:48am Mar 4, 2009 2:48am
gOOD morning all, Am presently long on eu....just for few pips....but red at this time. Long bcos of a break in a trend line(M15). news ahead. Just waitng for a nice entry on GU.
  • #124,617
  • Mar 4, 2009 2:52am Mar 4, 2009 2:52am
guys, need sell
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  • #124,618
  • Mar 4, 2009 2:57am Mar 4, 2009 2:57am
Lol, derek doesn't waste his breath does he?
4150 level is critical in my opinion. Unless that level is fully breached, I do not see any reason going long. For the long haul at least
Good luck everyone.
Thank You
  • #124,619
  • Mar 4, 2009 2:59am Mar 4, 2009 2:59am
short at 1.4070 sl 4hrs close above 1.4100. hope it work out
  • #124,620
  • Mar 4, 2009 3:00am Mar 4, 2009 3:00am
I'm short. The way the 15 minute candles are printing out, and with it being so close to the 1H 50 EMA, says to me sell.
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