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Cable Update (GBPUSD)

  • #18,861
  • Jul 16, 2007 3:41am Jul 16, 2007 3:41am
Breeze, is that u from dailyfx, u wouldn't know me, but I use to watch
u and john gfx etc post in the pound thread.

I can tell from your signature, the no stoploss always stood out.

Hope u like it here.
  • #18,862
  • Jul 16, 2007 3:41am Jul 16, 2007 3:41am
Quoting dd33
Thats rite Henry.. some called PB as Pinochio Bar.. some call it Pin Bar.. Its a bar that suggest a possibilities of turning point..
never look for a turning point during an impulsive wave my friend
  • #18,863
  • Jul 16, 2007 3:42am Jul 16, 2007 3:42am
Quoting de123
me 2, but their is an option his demo account has 900 zeros...
silento is a nice word...but my comodity longs keep me even more warm....

lets discuss about interest rates, and not breakouts so MUCH,...

I say the euro and pound will lift Interest rates soon to
eur 4.25
gbp 6
and u?
I was reading this
they say "the next meeting could produce the last move"
and I don't know about ECB, nothing at the feeds yet
  • #18,864
  • Jul 16, 2007 3:43am Jul 16, 2007 3:43am
Quoting ecomerce
Cable is testing 2.0360 the 61.8% fibo of 1972/1985 move. A break of 2.0360 could target a considerable move to the upside.
2.0360 already broken my friend... just a matter of time for it to break the next resistance at 2.0400
  • #18,865
  • Jul 16, 2007 3:44am Jul 16, 2007 3:44am
Quoting ecomerce
Cable is testing 2.0360 the 61.8% fibo of 1972/1985 move. A break of 2.0360 could target a considerable move to the upside.
we heard that same old story from soros junior....can u come up with something different.....
  • #18,866
  • Jul 16, 2007 3:49am Jul 16, 2007 3:49am
Quoting soros_junior
never look for a turning point during an impulsive wave my friend
Never let ur expectations blindfold u from whats happening in the market.. Always trade what u see.. not what u think.. my dear friend..
  • #18,867
  • Jul 16, 2007 3:49am Jul 16, 2007 3:49am
Quoting soros_junior
2.0360 already broken my friend... just a matter of time for it to break the next resistance at 2.0400
It has had intra day highs but not managed to close above 2.0360
  • #18,868
  • Jul 16, 2007 3:49am Jul 16, 2007 3:49am
Quoting 1Sundevil
Never listen to anyone who would name themselves "soros junior" or "gates junior" etc.. You know they're full of it and are probably playing on a demo or mini account.

This guy has no clue and has probably been "studying" the FX market for all of two weeks.

lol.

Hang in there soro wanna be, coz you wll get hurt psycologicaly even worst by the devil called fx market.

dont't get mad.

n e way, according to WW
I'd say go up 'till around 2.0430 (wave 5) then come back to 2.0305 (wave 6)

I'd take TP1 @ 2.0430 / SL1 @2.0250 and let TP2 be 2.05 and SL2 break even (2.0365)

what do you all think
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Pipology 101 student
  • #18,869
  • Jul 16, 2007 3:52am Jul 16, 2007 3:52am
Quoting ecomerce
It has had intra day highs but not managed to close above 2.0360
1H candle already closed at 2.0362... nothing is stopping cable to reach 2.0400 anytime sooner or later....
  • #18,870
  • Jul 16, 2007 3:54am Jul 16, 2007 3:54am
Quoting dd33
Btw WTB.. wanna ask u something.. if u dont mind to answer.. how valid is a PB in H1 chart?? thanx in advance..


Hi dd33,

if I may: 1h timeframes have a very low / short term validity.
4h PBs already can be tricky to master and as with all Pin Bars / PA setups it is most important WHERE they occur and how they appear.
If you would like to know more about this sort of stuff check out the public James16 thread if you haven't already, there's a lot of examples of good vs bad PBs (Habeeb / FXVision / Raczekfx / mbqb11 and James16 himself are the posters you wanna keep an eye out for and prolly some others I forgot, but these are the folks I personally look up to) and you'll see there's no simple black and white answer to a setup based on discretion

Nothing replaces research, experience and practice.

If you start with PA I recommend daily or higher initially. Personally I think daily is a good compromise once you're starting to get the picture and make sure you DEMO this stuff first and once live don't go above 1% total risk on any setup.

Hope this helped a bit

Take care,

SeekingLight
Trust price. Know yourself.
  • #18,871
  • Jul 16, 2007 3:54am Jul 16, 2007 3:54am
Quoting pipology-101
lol.

Hang in there soro wanna be, coz you wll get hurt psycologicaly even worst by the devil called fx market.

dont't get mad.

n e way, according to WW
I'd say go up 'till around 2.0430 (wave 5) then come back to 2.0305 (wave 6)

I'd take TP1 @ 2.0430 / SL1 @2.0250 and let TP2 be 2.05 and SL2 break even (2.0365)

what do you all think
I would say it go up untill 2.0400 and it won't retrace due to the bad USD news tonite.... in fact it will go up until 2.0500 or more by end of tomorrow... that is why i am pretty confident cable will reach 2.1000 by end of the week....
  • #18,872
  • Jul 16, 2007 3:56am Jul 16, 2007 3:56am
Quoting pipology-101
I'd say go up 'till around 2.0430 (wave 5) then come back to 2.0305 (wave 6)

Wave 6??????

Someone is getting creative

(there is no count higher than 5 in EW)
Trust price. Know yourself.
  • #18,873
  • Jul 16, 2007 4:00am Jul 16, 2007 4:00am
Quoting dd33
NEVER base ur trade on what people said in this thread.. Trade what u see and what u plan.. This thread is just for spending ur time and hang out with people with the same interest in forex..
Absolutely spot on... reading stuff on here confirms a few important technical levels and gives some useful philosophies and a bit of social interaction of the cyber variety - but as to market direction ? if someone sets off a dirty bomb in the square mile this afternoon , any one without guaranteed sl's under their longs will be homeless - the margin requirement is not the liability if the sl's are not guaranteed...
Biggest losses I ever made were through listening to people - CEO's of stockbroking firms, CNBC etc...so figure it out for yourself and think widely and carefully. 2.1000 ? why not - some Americans on here are triumphally claiming this devaluation as a wonderfully clever trick that the US is playing on it's international creditors and the Dow sees no downside - wider reading on the subject says it's almost bound to end in tears and the reckoning arrives as slumpflation 18 months later - but if devaluation is the game then why not 2.1000 (eventually)? however, 2.0500 will do fine for my GBP's.
2.05 in the hand is better than 2.10 in the Bush (dubbleyer)
  • #18,874
  • Jul 16, 2007 4:02am Jul 16, 2007 4:02am
here goes the dollar again...

  • #18,875
  • Jul 16, 2007 4:02am Jul 16, 2007 4:02am
G/U is goin up my dear friends......



Anyway don't belittle this SOROS.....who knows.....he might has the SOROS surname
  • #18,876
  • Jul 16, 2007 4:08am Jul 16, 2007 4:08am
Now GBP/USD trade on 2.0680. Today we will test 2.04 - it is very strong psychical barrier. Breaking this level will opening us new high. Poissible the pair will reach 2.06 in the end of month.
  • #18,877
  • Jul 16, 2007 4:09am Jul 16, 2007 4:09am
Quoting henrycarol
G/U is goin up my dear friends......



Anyway don't belittle this SOROS.....who knows.....he might has the SOROS surname
Yep. Swiss looks like zillionth test at 1.2000, time to break. Euro set to crack 3800, UJ took out 122.
  • #18,878
  • Jul 16, 2007 4:11am Jul 16, 2007 4:11am
Quoting cesarnc
Yep. Swiss looks like zillionth test at 1.2000, time to break. Euro set to crack 3800, UJ took out 122.
Already got my targets on 2 pairs.

2. 16 July 2007 (HIT 1st Target and Profit 30pips)
OPEN EUR/USD LONG @ 1.3762
1st Target = 1.3792
2nd Target = 1.3832
Stop Loss = 1.3732

3. 16 July 2007 (HIT 1st Target and Profit 30pips)
OPEN USD/CHF SHORT @ 1.2028
1st Target = 1.1998
2nd Target = 1.1948
Stop Loss = 1.2058


Total Pips this week : 60pips.
Total Pips this month: 60pips.
  • #18,879
  • Jul 16, 2007 4:12am Jul 16, 2007 4:12am
A breakout with extremely low tick volume..............
Johann Channels and cycles are everything
  • #18,880
  • Jul 16, 2007 4:13am Jul 16, 2007 4:13am
Quoting ecomerce
It has had intra day highs but not managed to close above 2.0360
===========

Can I ask you how did you find out about this resistance?!
Cable is acheiving a new records and no new resistance is known yet.
I see some FF traders keep buying at this high record price!!. Wondering if the big Banks will keep buying too. Myself, I don't think so because, nothing left for going long

I am selling at 0380 TP 0325
Good luck to everyone
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