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Cable Update (GBPUSD)

  • #207,021
  • Mar 17, 2010 11:18am Mar 17, 2010 11:18am
Quoting pawpaw1000
where you reckon this short ride will go?? think its the turn or just a breather before touching 5380 or maybe 5422??
Study Wormboy's chart again
  • #207,022
  • Mar 17, 2010 11:19am Mar 17, 2010 11:19am
Quoting bbakker
Be patient PawPaw. Let's see how far this goes 1st. I think it will go much further down, even further then today's low. Don't look at the 1min chart, come back out and look at the 15min chart and relax old boy. Have a beer, chill out. You can always move your SL on her way down. The Bulls have had their feast, it's the Bears turn now.
  • #207,023
  • Mar 17, 2010 11:22am Mar 17, 2010 11:22am
Quoting pawpaw1000
where you reckon this short ride will go?? think its the turn or just a breather before touching 5380 or maybe 5422??
you can calmly wait till tomorrow London, I do not think Asian session would rise it back again.
  • #207,024
  • Mar 17, 2010 11:24am Mar 17, 2010 11:24am
thanks guys, us noobs stress alot you know! btw, things are alot more relaxed from the 15min point of view...

imagine if we have finally reached the top, WE GOT A LONG WAY TO FALL!
@pawpaw1000 on Twitter
  • #207,025
  • Mar 17, 2010 11:28am Mar 17, 2010 11:28am
Quoting bbakker
Well spotted Wormboy. Give the man a chocolate medal.

I switched sides too, again, just in the nick of time. The ride up could not last forever, let's see how this one plays out, but the early signs are good.
cheers mate
hopefully we can get paid before the weekend. Good luck to you!
Thank You
  • #207,026
  • Mar 17, 2010 11:29am Mar 17, 2010 11:29am
The Bears are getting ready for the take-out. I'm in for the Bears @ 1.5348. The snipers are almost ready... Let's ride this down to 1.5150. GL...BEARS
Attached Image (click to enlarge)
Click to Enlarge Name: 633515970994729288-bears-with-guns.jpg Size: 79 KB
Numbers NEVER Lie
  • #207,027
  • Mar 17, 2010 11:33am Mar 17, 2010 11:33am
a question on mm...

If, Like now, I entered a short and it turns out to be the right decision, does one then add to that short, even if it is just for a short while?

Like now, I dont see resistance until 5300, so should I add until then, closing it when we reach there or should I just leave the trade as is?
@pawpaw1000 on Twitter
  • #207,028
  • Mar 17, 2010 11:34am Mar 17, 2010 11:34am
Quoting ZizoFX
The Bears are getting ready for the take-out. I'm in for the Bears @ 1.5348. The snipers are almost ready... Let's ride this down to 1.5150. GL...BEARS
HAHA! love the pic brother!
@pawpaw1000 on Twitter
  • #207,029
  • Mar 17, 2010 11:35am Mar 17, 2010 11:35am
Quoting pawpaw1000
thanks guys, us noobs stress alot you know! btw, things are alot more relaxed from the 15min point of view...

imagine if we have finally reached the top, WE GOT A LONG WAY TO FALL!
The proof in Wormboy's pudding will be when it breaks that trendline currently ~15308 and rising with time. It is bouncing off the 15330 resistance (previously support) at the moment, but not for long. So sit tight and get ready for the feast to ~15170. Just move your SL along the way, but NOT too early. There will be some retracing along the way.
  • #207,030
  • Mar 17, 2010 11:37am Mar 17, 2010 11:37am
Quoting pawpaw1000
a question on mm...

If, Like now, I entered a short and it turns out to be the right decision, does one then add to that short, even if it is just for a short while?

Like now, I dont see resistance until 5300, so should I add until then, closing it when we reach there or should I just leave the trade as is?
in the case, i add a position, i make it half the size of the first...
  • #207,031
  • Mar 17, 2010 11:38am Mar 17, 2010 11:38am
Quoting pawpaw1000
a question on mm...

If, Like now, I entered a short and it turns out to be the right decision, does one then add to that short, even if it is just for a short while?

Like now, I dont see resistance until 5300, so should I add until then, closing it when we reach there or should I just leave the trade as is?
Add when it breaks the trendline, not before, I say old boy... just in case. Expect the unexpected!

Also remember, the smaller the timescale, the more stress there is.
  • #207,032
  • Mar 17, 2010 11:39am Mar 17, 2010 11:39am
were through 5330!!!

wohoo! so glad I sat on my hands today!

sorry, false, was almost through..
@pawpaw1000 on Twitter
  • #207,033
  • Mar 17, 2010 11:43am Mar 17, 2010 11:43am
Quoting ZizoFX
The Bears are getting ready for the take-out. I'm in for the Bears @ 1.5348. The snipers are almost ready... Let's ride this down to 1.5150. GL...BEARS
count my bodyguard in
Attached Image
Thank You
  • #207,034
  • Mar 17, 2010 11:46am Mar 17, 2010 11:46am
Quoting wormboy
count my bodyguard in
  • #207,035
  • Mar 17, 2010 11:49am Mar 17, 2010 11:49am
Blow me backwards. I am still in the bloody office, last one standing. Time to drive home... missed the kids' bedtime already :-(

See you on the other side
  • #207,036
  • Mar 17, 2010 11:50am Mar 17, 2010 11:50am
Quoting bbakker
Blow me backwards. I am still in the bloody office, last one standing. Time to drive home... missed the kids' bedtime already :-(

See you on the other side
office? what do u do?!

i'm flat for the day...
  • #207,037
  • Mar 17, 2010 11:51am Mar 17, 2010 11:51am
Jeff the bear has just come back from his cottage vacation and is really pissed to see the bulls in his play pen!!!
Attached Images
@pawpaw1000 on Twitter
  • #207,038
  • Mar 17, 2010 11:56am Mar 17, 2010 11:56am
Quoting wormboy
count my bodyguard in
i am waiting for them to come out
Attached Image
  • #207,039
  • Mar 17, 2010 11:59am Mar 17, 2010 11:59am
so, bit more serious

where we looking at going tonight? 5300 before standing still until 2moro morning? Not normally the chap who holds trades overnight but then again, I"M NEW so can learn to do alot of things...
@pawpaw1000 on Twitter
  • #207,040
  • Mar 17, 2010 12:02pm Mar 17, 2010 12:02pm
and i have the backup
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