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Cable Update (GBPUSD)

  • #245,861
  • Aug 15, 2010 9:31pm Aug 15, 2010 9:31pm
Quoting joemiami
You gonna open longs as it retests? ...just curious. Thats what Im thinking of doing...

Longs? Not a chance. I'm short; no hedging, no fooling around. Heavy leveraged shorts.
  • #245,862
  • Aug 15, 2010 9:33pm Aug 15, 2010 9:33pm
hey there lion i really think you were right, i can just see it going to 1,75 in today maby,this thing is going to the moon your the best haha.
ok atleast its going up so i am still happy
  • #245,863
  • Aug 15, 2010 9:37pm Aug 15, 2010 9:37pm
Quoting Pickensrulz
Longs? Not a chance. I'm short; no hedging, no fooling around. Heavy leveraged shorts.
I see it coming up to 5611 area before making the larger move down. Thats why i was thinking of going with longs for a scalp as it moves up to that area in prepar for the plunge later.
  • #245,864
  • Aug 15, 2010 9:40pm Aug 15, 2010 9:40pm
Quoting joemiami
I see it coming up to 5611 area before making the larger move down. Thats why i was thinking of going with longs for a scalp as it moves up to that area in prepar for the plunge later.

Why even take that chance? Trying to scalp 30 pips before a plunge????
Seems way too risky for me.

GL
  • #245,865
  • Aug 15, 2010 9:50pm Aug 15, 2010 9:50pm
The first couple hours of London will tell us where the orders are at and all we can do is follow the price action. It could go up or it could go down. It could go either way and run into a large amount of supply or demand and reverse. To try and guess before the price tells us serves no purpose.
  • #245,866
  • Aug 15, 2010 10:17pm Aug 15, 2010 10:17pm
Quoting Pickensrulz
Why even take that chance? Trying to scalp 30 pips before a plunge????
Seems way too risky for me.

GL
Didn't take the long scalp after all. Will wait for london session...
  • #245,867
  • Aug 15, 2010 10:43pm Aug 15, 2010 10:43pm
Good MAE folks
  • #245,868
  • Aug 15, 2010 10:46pm Aug 15, 2010 10:46pm
Quoting CoffeeDrinke
hey there lion i really think you were right, i can just see it going to 1,75 in today maby,this thing is going to the moon your the best haha.
ok atleast its going up so i am still happy
Just SURF the waves, forget targets
  • #245,869
  • Aug 15, 2010 11:01pm Aug 15, 2010 11:01pm
Quoting forexlion
Just SURF the waves, forget targets
Thts wht i am doing or atleast trying just hope this isnt a small beach wave, because they have a nack of getting sand in your speedo lol(meaning undesirable)
  • #245,870
  • Aug 15, 2010 11:31pm Aug 15, 2010 11:31pm
Quoting Pickensrulz
Longs? Not a chance. I'm short; no hedging, no fooling around. Heavy leveraged shorts.
why not u just wait ~ 1.57-1.578 area..this is not a place to short...sound stupid to me if we short at support area n long at resistance area...

just patient n watch how London open bring us...just my 2 cent.
  • #245,871
  • Aug 16, 2010 12:02am Aug 16, 2010 12:02am
Quoting grashid
why not u just wait ~ 1.57-1.578 area..this is not a place to short...sound stupid to me if we short at support area n long at resistance area...

just patient n watch how London open bring us...just my 2 cent.
i just want to know if u made tht 2cents trading up or down this morning??
  • #245,872
  • Aug 16, 2010 12:16am Aug 16, 2010 12:16am
Looks like a dangerous place to short. If the H4 Line holds, it should be safe to go long. The M15 also suggests a downward move is no longer strong. Comments welcome!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1608101313m15.gif Size: 31 KB
  • #245,873
  • Aug 16, 2010 12:29am Aug 16, 2010 12:29am
Quoting Pickensrulz
There is the retest, short at 15576

added another short position at 15613.
  • #245,874
  • Aug 16, 2010 12:40am Aug 16, 2010 12:40am
Quoting Pickensrulz
added another short position at 15613.
Im right behind you
price action bouncing off of 200ema on 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: 15min gbp.gif Size: 27 KB
  • #245,875
  • Aug 16, 2010 12:53am Aug 16, 2010 12:53am
here comes the germans
  • #245,876
  • Aug 16, 2010 1:06am Aug 16, 2010 1:06am
early bird opps bee Brits as well
  • #245,877
  • Aug 16, 2010 1:14am Aug 16, 2010 1:14am
Long @ 1.5555
SL @ 1.544
Target 1.595

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0101.png Size: 37 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #245,878
  • Aug 16, 2010 1:26am Aug 16, 2010 1:26am
Quoting Pickensrulz
added another short position at 15613.
After 15613, there is 15649, 15663 and 15678. I'll admit defeat about 15680....
  • #245,879
  • Aug 16, 2010 1:28am Aug 16, 2010 1:28am
G/M all, hope eeryone has a good trading week ahead.

A couple of 3 fib clusters overhead (fibs of main swings down to current intraday low 5534 from 5997) shown on 1hr screenshot below

G/L

http://www.easy-upload.net/fichiers/z.201081682812.gif
ex member
  • #245,880
  • Aug 16, 2010 1:30am Aug 16, 2010 1:30am
stopped out on my short
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