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Cable Update (GBPUSD)

  • #186,501
  • Dec 8, 2009 9:46am Dec 8, 2009 9:46am
Quoting AlexanderSV
I can't find any valid fundamental reason for GU to go now long..
Ahh Fundies Shmundies j/k
I am long because I am expecting a pull back and the 5m chart is suggesting a possible reversal from the downward move. My TP is usually very optimistic and I generally close if the Trend starts to change. But again the NY Session usually bites me lol ;P.

The 4hr chart gives an idea why it looks like we are ready for a pullback.
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  • #186,502
  • Dec 8, 2009 9:48am Dec 8, 2009 9:48am
bears just wont let up without a fight... they want it further down...
  • #186,503
  • Dec 8, 2009 9:59am Dec 8, 2009 9:59am
Quoting qaisf
bears just wont let up without a fight... they want it further down...
Come on where my Bullz at!?!
Attached Image
  • #186,504
  • Dec 8, 2009 10:13am Dec 8, 2009 10:13am
Quoting rebelheart
FX any chance off a chart showing your fib drawing..

Thank you Danny
Here you go Danny

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Hope this isn't a BULL Trap!!!!!
May the forex be with you |
  • #186,505
  • Dec 8, 2009 10:29am Dec 8, 2009 10:29am
Quoting FXFundi

Hope this isn't a BULL Trap!!!!!
  • #186,506
  • Dec 8, 2009 10:31am Dec 8, 2009 10:31am
Quoting FXFundi
Here you go Danny

Attachment

Hope this isn't a BULL Trap!!!!!
Bull trap?? More like Bull CRAP!!!

Caught in channel for 6 hours so far. We seen a 13 hour channel yesterday.

If this kinda crap keeps up, I gunna resort to picking bottles outa the ditch for a hobby.

Buwahahahahahaha
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,507
  • Dec 8, 2009 10:35am Dec 8, 2009 10:35am
Looking to enter a long around the box with a small lot and add to it once trend is confirmed as bullish.
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  • #186,508
  • Dec 8, 2009 10:43am Dec 8, 2009 10:43am
Quoting Yngwie
Hourly candle must open above 1.6313 in order to going up. atm, we might see 1.6200 or ext 1.616
After 3 hrs.. REPEATED~!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #186,509
  • Dec 8, 2009 10:45am Dec 8, 2009 10:45am
Quoting Yngwie
After 3 hrs.. REPEATED~!
still underconstruction...
  • #186,510
  • Dec 8, 2009 10:58am Dec 8, 2009 10:58am
I have not posted on this thread before, although I trade Cable on a regular basis. I have just taken a long at 1.6297, any would appreciate any thoughts any of you on here might have on that particular entry?
Good Trading. (keep it simple).
  • #186,511
  • Dec 8, 2009 10:59am Dec 8, 2009 10:59am
Quoting moosley
gain again now long trg 1.64 ...
close in trg again last night...

now long 4h trg 1.635
  • #186,512
  • Dec 8, 2009 11:00am Dec 8, 2009 11:00am
15m Trigger...

In long...24SMA slipped under for support of the 15m chart.

Holding for 1.6380, 1.6400, 1.6453, 1.6512, 1.6678

S/L

1.6270.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,513
  • Dec 8, 2009 11:05am Dec 8, 2009 11:05am
Cable needs to depeg from the DOW and hopefully it will...when it does, do not stop in front of it
  • #186,514
  • Dec 8, 2009 11:10am Dec 8, 2009 11:10am
what the heck maaaaaaaaaaaaan . I went out hours ago and now came back to see the darn thing havent moved a bit .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #186,515
  • Dec 8, 2009 11:11am Dec 8, 2009 11:11am
Quoting samdani786
what the heck maaaaaaaaaaaaan . I went out hours ago and now came back to see the darn thing havent moved a bit .
We were waiting for you.

Now that your back, lets get this wagon train a rolling!

Chugga chugga, CHOO CHOO!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,516
  • Dec 8, 2009 11:12am Dec 8, 2009 11:12am
Quoting Magix
We were waiting for you.

Now that your back, lets get this wagon train a rolling!

Chugga chugga, CHOO CHOO!
HEY

Thats my line! Its okay, we can share it. (C)

lowest draw down possible please.
  • #186,517
  • Dec 8, 2009 11:12am Dec 8, 2009 11:12am
Quoting KwAAkS
it is little early, although i am all in longs with SL @ 1.6310

if we break below 1.6300 will be a long way down...

in each case + pips
Didn't get clear signal so place no trade then... fell asleep and choo choo train went south without me. haha... Looks bear now but hoping to scalp retracement. Any take on retracement for entry ~ .6310??
  • #186,518
  • Dec 8, 2009 11:14am Dec 8, 2009 11:14am
We are definetly getting higher lows, although our highs are peaking in our lower TFs...

Quite possible burst up can be expected, since 6264 is a solid support dating back from the 15th on OCT. ( Pull up 4 hr chart)
lowest draw down possible please.
  • #186,519
  • Dec 8, 2009 11:18am Dec 8, 2009 11:18am
bull train is moving slow but safety...
  • #186,520
  • Dec 8, 2009 11:19am Dec 8, 2009 11:19am
You guys see the wedge on the 30 min chart?

Contain it, control it. then trade it
lowest draw down possible please.
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