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Cable Update (GBPUSD)

  • #128,341
  • Mar 30, 2009 4:36am Mar 30, 2009 4:36am
wb

u look so confident that gu will go to south again....
  • #128,342
  • Mar 30, 2009 5:35am Mar 30, 2009 5:35am
lahar : not short mate. I went long, together with dragon. I have swung over, my shorts since morning are all being closed and we're trading the other way now. Good risk reward at this level I feel, 4150 s/r had been very stiff in the past so I have no fear trading from the bounce at this level. Very little to lose at this level. If price breaks and clear the ltl, I'll go short again.
Good luck
Thank You
  • #128,343
  • Mar 30, 2009 5:43am Mar 30, 2009 5:43am
Quoting Fx1618
1.4334 > +125
I'm @ the pub & the weekend starts now

happy pipp'n all
Hi All, hope you're doing well, don't know how much further South this baby will go. We are currently in a bit of a Range, but still favouring the BEARS, with no Major NEWS forthcoming for GU today anymore although the Trichet speech may have some temporary impact.
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  • #128,344
  • Mar 30, 2009 5:46am Mar 30, 2009 5:46am
Quoting wormboy
lahar : not short mate. I went long, together with dragon. I have swung over, my shorts since morning are all being closed and we're trading the other way now. Good risk reward at this level I feel, 4150 s/r had been very stiff in the past so I have no fear trading from the bounce at this level. Very little to lose at this level. If price breaks and clear the ltl, I'll go short again.
Good luck
good to go long w small stop..
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Patience is the keyword here...
  • #128,345
  • Mar 30, 2009 5:47am Mar 30, 2009 5:47am
Quoting wormboy
lahar : not short mate. I went long, together with dragon. I have swung over, my shorts since morning are all being closed and we're trading the other way now. Good risk reward at this level I feel, 4150 s/r had been very stiff in the past so I have no fear trading from the bounce at this level. Very little to lose at this level. If price breaks and clear the ltl, I'll go short again.
Good luck
Hey, Wormboy

What happened? Did you break your sell button?

I overslept all morning opprtunities. Just curious, how high are you expecting this bounce from 4150 support? Based on 1H fibs I am lookinfg as high as 4260. Maybe I am too optimistic.
  • #128,346
  • Mar 30, 2009 5:50am Mar 30, 2009 5:50am
Quoting Komissar
Hey, Wormboy

What happened? Did you break your sell button?

I overslept all morning opprtunities. Just curious, how high are you expect this bounce from 4150 support? Based on 1H fibs I am lookinfg as high as 4260. Maybe I am too optimistic.
lol wrong.
My sell button worked like a charm. I was all short cable & dragon this morning (malaysian time) & I've broke the bank haha.
Now we go long for the fun of it

btw, I don't expect anything mate, I don't predict. I'll just lock it in as we move up. Cheers
Thank You
  • #128,347
  • Mar 30, 2009 5:55am Mar 30, 2009 5:55am
Quoting wormboy
lol wrong.
My sell button worked like a charm. I was all short cable & dragon this morning (malaysian time) & I've broke the bank haha.
Now we go long for the fun of it

btw, I don't expect anything mate, I don't predict. I'll just lock it in as we move up. Cheers
good to you bro..
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Patience is the keyword here...
  • #128,348
  • Mar 30, 2009 6:00am Mar 30, 2009 6:00am
Quoting wormboy
lol wrong.
My sell button worked like a charm. I was all short cable & dragon this morning (malaysian time) & I've broke the bank haha.
Now we go long for the fun of it

btw, I don't expect anything mate, I don't predict. I'll just lock it in as we move up. Cheers
I took small long, waiting to lock it up too.
  • #128,349
  • Mar 30, 2009 6:25am Mar 30, 2009 6:25am
im long right noew
  • #128,350
  • Mar 30, 2009 7:00am Mar 30, 2009 7:00am
give the four hour setup, i think a better entry for the longs could be found...i think its a bit early still for the longs
  • #128,351
  • Mar 30, 2009 7:26am Mar 30, 2009 7:26am
Quoting mr.m
give the four hour setup, i think a better entry for the longs could be found...i think its a bit early still for the longs
I agree... caution should be taken with the long side. My signal shows long and i've been on the long side @ 1.4160. Jus wait and see where its heading.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,352
  • Mar 30, 2009 7:27am Mar 30, 2009 7:27am
Quoting affandiz
good to you bro..
we are still long

Komissar : keep them safe
Thank You
  • #128,353
  • Mar 30, 2009 7:33am Mar 30, 2009 7:33am
Quoting mr.m
give the four hour setup, i think a better entry for the longs could be found...i think its a bit early still for the longs
Really? Could you illustrate where the better longs are please. A chart would certainly help
Because this was where I picked them longs from & they're pretty much safe.
Where would you have picked them?
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Thank You
  • #128,354
  • Mar 30, 2009 7:33am Mar 30, 2009 7:33am
@ bull_bear: im confused with your chart
  • #128,355
  • Mar 30, 2009 7:33am Mar 30, 2009 7:33am
Quoting Komissar
I took small long, waiting to lock it up too.
Take a big long ok right?
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Gold is Money but Money is not Gold
  • #128,356
  • Mar 30, 2009 7:34am Mar 30, 2009 7:34am
Quoting wormboy
we are still long

Komissar : keep them safe

my first tp should be at support 2. but my ball getting small to wait for more
Patience is the keyword here...
  • #128,357
  • Mar 30, 2009 7:39am Mar 30, 2009 7:39am
Quoting uut
@ bull_bear: im confused with your chart
Yeah me too, i'm the lazy trader that relies on techology to analsye price movements.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,358
  • Mar 30, 2009 7:44am Mar 30, 2009 7:44am
Quoting wormboy
Really? Could you illustrate where the better longs are please. A chart would certainly help
Because this was where I picked them longs from & they're pretty much safe.
Where would you have picked them?
i have to say those are great picks given your stoploss is in place accordingly - i just think the positive divergence isn't as strong and plus my rsi is still below 50. I dont have an exact point of entry yet but i guess im waiting for a stronger bullish signal on the smaller timeframes.
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  • #128,359
  • Mar 30, 2009 7:50am Mar 30, 2009 7:50am
okay mr. m. Thanks for the explanation. This was what I saw on the lower tf (1hour) that reinforced why I went long.
Good luck.
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Thank You
  • #128,360
  • Mar 30, 2009 7:51am Mar 30, 2009 7:51am
Quoting zamah
Take a big long ok right?
I mentioned small long, and it's covered already.
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