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Cable Update (GBPUSD)

  • #2,381
  • Dec 18, 2006 11:31pm Dec 18, 2006 11:31pm
Read James 16 forum and you may want to consider joining. He has been trading over 20 years and has a lot to share.



Quoting enzo2325
Im hoping some of you can help me. Im pretty new to the forex. I only trade with the signals I get and have no way of calculating the market. I would love to learn the elliot wave pattern but it seems a lil difficult.

What time is the London open? I have heard some of you say wait for the london open or New york....What time do those occur. I live in Orlando, Fl eastern time. Thank you very much everyone and good luck!
  • #2,382
  • Dec 18, 2006 11:34pm Dec 18, 2006 11:34pm
Thanks so much guys!!
trading on demo is not trading
  • #2,383
  • Dec 18, 2006 11:39pm Dec 18, 2006 11:39pm
Quoting mmccormac
I would like to see London drive it up to 9500-9530 to kill the stops and then turn back. My target price (Sell) is 9530 so I guess we'll see what price wants to do.

Let's hope for the London "V".
When i tell ppl about the frankfurt range .. someone ask me that there is such thread on the london "V" .. Anyone knows the link to this thread.?

Thanks in advance..
  • #2,384
  • Dec 19, 2006 12:33am Dec 19, 2006 12:33am
Quoting VyNNeR
When i tell ppl about the frankfurt range .. someone ask me that there is such thread on the london "V" .. Anyone knows the link to this thread.?

Thanks in advance..

It's one of those things that has to be learned... There is no thread that I know of (I looked) and I'm sure it's due to the fact that the "V" only happens a few times a week and it's very hard to tie down with rules. It's my favorite formation though and I always make at least 50 pips when it hits. Good Luck, and if you find anything let me know.
  • #2,385
  • Dec 19, 2006 1:05am Dec 19, 2006 1:05am
wow, quite in here tonight isnt it?

so anybody else short in here? im in at an average price of 9473. and im thinking about selling at a better price in the 9510-15 area.
  • #2,386
  • Dec 19, 2006 1:06am Dec 19, 2006 1:06am
well i guess we can always discuss my spelling mistakes
  • #2,387
  • Dec 19, 2006 1:11am Dec 19, 2006 1:11am
Just closed a long possition, waiting a bit before going short...
Thanks, Damian Burrowes
  • #2,388
  • Dec 19, 2006 1:13am Dec 19, 2006 1:13am
Quoting SirPipsAlot
well i guess we can always discuss my spelling mistakes
Yes it is "quite" "quiet" tonight so far. Holiday market is most times sporadic and a little iffy to get a good read. We will see what the charts tell us. Several important numbers out in the next few hours.
  • #2,389
  • Dec 19, 2006 1:19am Dec 19, 2006 1:19am
Can anyone confirm the high and low of Frankfurt - I get on metatrader hi 19499 and low 19486 - Is that right?
mama
  • #2,390
  • Dec 19, 2006 1:22am Dec 19, 2006 1:22am
seems like someone jumped the gun, it's not done yet. european market just opened like 24 mins ago.. hold ur horses there buddie
  • #2,391
  • Dec 19, 2006 1:24am Dec 19, 2006 1:24am
Quoting yulvme
seems like someone jumped the gun, it's not done yet. european market just opened like 24 mins ago.. hold ur horses there buddie
Sorry just realised that! need to catch a wake up
mama
  • #2,392
  • Dec 19, 2006 1:32am Dec 19, 2006 1:32am
test time
  • #2,393
  • Dec 19, 2006 1:37am Dec 19, 2006 1:37am
cable went up!
  • #2,394
  • Dec 19, 2006 1:37am Dec 19, 2006 1:37am
Looks like the Inverted V formation is in progress. waiting 4 london open
  • #2,395
  • Dec 19, 2006 1:50am Dec 19, 2006 1:50am
Would yort on the london open if it started to go down or wait a couple of hours?
mama
  • #2,396
  • Dec 19, 2006 1:51am Dec 19, 2006 1:51am
Quoting Mama007
Would yort on the london open if it started to go down or wait a couple of hours?
I meant would you short on the london open or wait ?
mama
  • #2,397
  • Dec 19, 2006 1:52am Dec 19, 2006 1:52am
waiting 4 the german ifo......might be a bull trap
Quoting Mama007
I meant would you short on the london open or wait ?
  • #2,398
  • Dec 19, 2006 1:56am Dec 19, 2006 1:56am
Quoting Mama007
I meant would you short on the london open or wait ?
you would short it once it pass through to it's low:

and Long on a 25 pip passing the high
  • #2,399
  • Dec 19, 2006 2:01am Dec 19, 2006 2:01am
Quoting yulvme
you would short it once it pass through to it's low:

and Long on a 25 pip passing the high
So to confirm the high was 19533 and low is 19484?
mama
  • #2,400
  • Dec 19, 2006 2:03am Dec 19, 2006 2:03am
Quoting Mama007
So to confirm the high was 19533 and low is 19484?
Yes, somewhere there, depends on which chart ur looking at
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