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Cable Update (GBPUSD)

  • #3,621
  • Dec 28, 2006 5:47am Dec 28, 2006 5:47am
Here is a little pic of neg reversal forming.
Attached Image
Man who scratches ass should not bite fingernails
  • #3,622
  • Dec 28, 2006 5:50am Dec 28, 2006 5:50am
Quoting Leugimp
Here is a little pic of neg reversal forming.
Thanks... Saved my a couple of cigarrettes
  • #3,623
  • Dec 28, 2006 5:54am Dec 28, 2006 5:54am
Good Idea, I think Ill go exhaust my pack.
Man who scratches ass should not bite fingernails
  • #3,624
  • Dec 28, 2006 6:20am Dec 28, 2006 6:20am
The tp area has been hit again. almost to the pip. Charts showing reversal now but its even hard for me to see it. But the rule is trade what you see now what you think. I will reevaluate more and post tp. Also look at the low for today so far just overshot it by 3 pips.



Quoting fixme1too
The move to the 9612 area maybe a tad bit higher started 2 hours ago on that spike we got. We should be going up now from here to that 9612 area before continuing down. We may bounce now or go to 9560 first. My overall move remains short. Im looking to hit my tp tomorrow.
  • #3,625
  • Dec 28, 2006 6:25am Dec 28, 2006 6:25am
about to short soon on confirmation of a dinapoli short term double repenetration move.
Man who scratches ass should not bite fingernails
  • #3,626
  • Dec 28, 2006 6:28am Dec 28, 2006 6:28am
40 ticks to go
Man who scratches ass should not bite fingernails
  • #3,627
  • Dec 28, 2006 6:29am Dec 28, 2006 6:29am
no confirmation - will wait
Man who scratches ass should not bite fingernails
  • #3,628
  • Dec 28, 2006 6:33am Dec 28, 2006 6:33am
Good choice Leugimp. It's extremely hard to place a reversal this time of the day. Especially when the trend has been established the next best time to place postion for reversal is after 11 am est. unless you get some news to start the reversal you can most times forget about it. According to EWT we can go as high as 9653 which would be 261.8 fib. 9612 was 161.8



Quoting Leugimp
no confirmation - will wait
  • #3,629
  • Dec 28, 2006 6:37am Dec 28, 2006 6:37am
This may have been the final spike befor double repo, if not will have to consider possibility of going long at good entry point as negative reversal has almost been negated - 2-5 pips beyond high and no longer valid.
Man who scratches ass should not bite fingernails
  • #3,630
  • Dec 28, 2006 6:38am Dec 28, 2006 6:38am
Got stopped out... Reversar failed so far and indicators are still way too bullish to be true...

Gonna wait for Chicago news before going on making risky trades.
  • #3,631
  • Dec 28, 2006 6:51am Dec 28, 2006 6:51am
got the confirmation i was looking for - am short at 1.9615 -
Man who scratches ass should not bite fingernails
  • #3,632
  • Dec 28, 2006 6:57am Dec 28, 2006 6:57am
What's your stoploss? 1.9640?
  • #3,633
  • Dec 28, 2006 7:03am Dec 28, 2006 7:03am
I dont set stop loss, unless i get up - right now it will be a close on my timeframe over yesterdays high. However, I have a small initial target where I will unwind half- right now it is at 9603
Man who scratches ass should not bite fingernails
  • #3,634
  • Dec 28, 2006 7:10am Dec 28, 2006 7:10am
i just wona say,...that in tiny market like we are now,...i will never place a SL in tha system,...but will have my fingers on close positions, and SL on a paper,....that goes to summer too!,...never again!....seems it cant break 1.9630, but still more support then resistance,...so eventully it willl...
its just money
  • #3,635
  • Dec 28, 2006 7:15am Dec 28, 2006 7:15am
Im not doubting it will, however a big part of the reason why i use tick charts and only get stopped on close of candle is because I have personally found that spikes happen alot at the 15 min intervals, and as long as it comes back down within x ticks of the move, it is a little bit clearer. Sometimes you give up some pips, but overall it is a profitable method for me.
Man who scratches ass should not bite fingernails
  • #3,636
  • Dec 28, 2006 7:21am Dec 28, 2006 7:21am
Quoting Leugimp
Im not doubting it will, however a big part of the reason why i use tick charts and only get stopped on close of candle is because I have personally found that spikes happen alot at the 15 min intervals, and as long as it comes back down within x ticks of the move, it is a little bit clearer. Sometimes you give up some pips, but overall it is a profitable method for me.
where can i find out about tick charts and what do u use , i am interested in that?
Ghost Swoopen in for my pips while no one is lookin !!
  • #3,637
  • Dec 28, 2006 7:22am Dec 28, 2006 7:22am
Almost had to close it there, but popped back under radar - also there is a divergence once a top is confirmed - that will make me feel a bit easier , if not oh well you cant win em all.
Man who scratches ass should not bite fingernails
  • #3,638
  • Dec 28, 2006 7:22am Dec 28, 2006 7:22am
Quoting Ghostpipper
where can i find out about tick charts and what do u use , i am interested in that?
I use Tradestation.
Man who scratches ass should not bite fingernails
  • #3,639
  • Dec 28, 2006 7:23am Dec 28, 2006 7:23am
USA market is not pulling it back down...

Would it be a breakout up or just a positioning to a big fall after Chicago news?

Besides: USD/JPY is fighting a resistance (118.90) for hours now and GBPJPY has touched high figures and still soaring!
  • #3,640
  • Dec 28, 2006 7:25am Dec 28, 2006 7:25am
wow 15 seconds went from 25 to 45 markets to thin right now @60 atm now
Ghost Swoopen in for my pips while no one is lookin !!
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