I have been holding a short position since Thursday targeting 1.5700. Right now, my head says hold but heart say close because price open is equal to yesterdays close(RT). Want know someone else position?
Cable Update (GBPUSD)
- #334,423
- Jan 22, 2013 11:59am Jan 22, 2013 11:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Sure brother
If we stay in this flag for a bit, how would you play it. Pre empt it and take the short around here with a tight stop above say 914, or would you prefer to wait for a break of the bottom part of the flag at 804?
this is what i see..i hope chart explain why
last year close on cable was bullish..i dont think a drop will be so easy
fib 50% is also around here
- #334,425
- Jan 22, 2013 12:16pm Jan 22, 2013 12:16pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hi mate, judging by the body of the candle, i think price might break the support.. but if the support hold, i think it will take 2 weeks to show us the reversal pattern.. so plenty of time to change to bullish view, until then, bears still have unfinished business.. imho.
dont underestimate, many traders will blindly short, this is not an easy area to pass..hence my long
- #334,427
- Jan 22, 2013 12:19pm Jan 22, 2013 12:19pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #334,428
- Jan 22, 2013 12:23pm Jan 22, 2013 12:23pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I hear what your saying Nav, but remeber all trendlines were meant to be broke at some point.
just be careful bro..if u short theres a few obstacles i wanted u to be aware off
- #334,429
- Jan 22, 2013 12:24pm Jan 22, 2013 12:24pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #334,430
- Jan 22, 2013 12:25pm Jan 22, 2013 12:25pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
no doubt buddy..im not looking for anything major..but i wont jump the gun either..longer term im looking down..but a few fun and games in between..i could be wrong and we tank completely
just be careful bro..if u short theres a few obstacles i wanted u to be aware off
Good looking out Brother Navster!
- #334,431
- Jan 22, 2013 12:26pm Jan 22, 2013 12:26pm
- Joined May 2009 | Status: Trader | 4,895 Posts
hence my long
but entered long on swissy already at 9285, hopefully that price will not break.. seems critical right now.
- #334,433
- Jan 22, 2013 12:46pm Jan 22, 2013 12:46pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Good looking out Brother Navster!
- #334,434
- Edited 1:02pm Jan 22, 2013 12:47pm | Edited 1:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i'll wait at 5940-50 mate.. hopefully will see u there mate.. i'm not going long ->
but entered long on swissy already at 9285, hopefully that price will not break.. seems critical right now.
see u on the otherside of moscow bro
she looking to tear a new arsehole
- #334,436
- Jan 22, 2013 1:23pm Jan 22, 2013 1:23pm
- | Joined Jun 2009 | Status: Trader | 1,198 Posts
okk then
- #334,437
- Jan 22, 2013 1:49pm Jan 22, 2013 1:49pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
