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Cable Update (GBPUSD)

  • #66,361
  • May 16, 2008 3:59am May 16, 2008 3:59am
Quoting Moe
be back i need a hit

im sideways
  • #66,362
  • May 16, 2008 4:01am May 16, 2008 4:01am
Will buy GBP/USD on Demo account at 1.9508 , s/l 1.9450, t/p 1.9640
  • #66,363
  • May 16, 2008 4:03am May 16, 2008 4:03am
Quoting gebralic
Will buy GBP/USD on Demo account at 1.9508 , s/l 1.9450, t/p 1.9640
whats the purpose, are you trying a new system or do you only trade demo.
If I Go Broke Trying Then I Will die happy.
  • #66,364
  • May 16, 2008 4:05am May 16, 2008 4:05am
Quoting Moe
be back i need a hit
I'm waiting until the next 4hr candle.......

HOLLA
  • #66,365
  • May 16, 2008 4:07am May 16, 2008 4:07am
Quoting Turtle
I'm waiting until the next 4hr candle.......

HOLLA
this market got me going
If I Go Broke Trying Then I Will die happy.
  • #66,366
  • May 16, 2008 4:09am May 16, 2008 4:09am
Potential Resistance areas to the upside:

9491-03 x 3 fibs
9501 Thursday's Hi
9518 -21 x2 fibs
9530-37 x 2 fibs
9558-77 x 5 fibs Dly R2 9554-55 area
9588-92 area of Wkly Pivot
9603-08 x 1 fib Dly R3 area 9608
9615-17 x 2 fibs
9632 x 1 fib and area of Mth S1
9650 x 1 already breeched fib
9675-76 x 2 fibs, Dly R4 9671
9692-95 x 3 fibs.

Mni talking about those offers 9520-40 now with stops in the mix at 9530, further offers potentially 9550/60 and on approach to 9600.
ex member
  • #66,367
  • May 16, 2008 4:22am May 16, 2008 4:22am
Quoting bbmac
Potential Resistance areas to the upside:

9491-03 x 3 fibs
9501 Thursday's Hi
9518 -21 x2 fibs
9530-37 x 2 fibs
9558-77 x 5 fibs Dly R2 9554-55 area
9588-92 area of Wkly Pivot
9603-08 x 1 fib Dly R3 area 9608
9615-17 x 2 fibs
9632 x 1 fib and area of Mth S1
9650 x 1 already breeched fib
9675-76 x 2 fibs, Dly R4 9671
9692-95 x 3 fibs.

Mni talking about those offers 9520-40 now with stops in the mix at 9530, further offers potentially 9550/60 and on approach to 9600.
dude those resistances are like 12 to 20 pips apart.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,368
  • May 16, 2008 4:29am May 16, 2008 4:29am
Quoting salah k.
dude those resistances are like 12 to 20 pips apart.

he only looking for scalps here bro ...u cant hit home runs in this market..unless u want to take huge loss

gpy/jpy moving much better than this thing ..i just placed a trade, dunno if it will works
  • #66,369
  • May 16, 2008 4:30am May 16, 2008 4:30am
Next week starting new thread for those interested. It will be a combo G/U & E/J. Making money on E/J right now while everyone is watching this one pee all over itself.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 49 KB
  • #66,370
  • May 16, 2008 4:31am May 16, 2008 4:31am
Quoting salah k.
dude those resistances are like 12 to 20 pips apart.

They're not resistances yet, as they haven't resisted, (important distinction) they are areas at which technical reasons reside that could cause resistance.

[My trading style is looking for repeating set-up patterns on the 1min trigger with confirming set-ups on the 5min intermediate, with or against 30min trend, so identifying Supp/res is important in this respect; I look for oscillator divergence/extreme readings and band/channel deviation patterns at pre-identified poteential areas of supp/res/sbr/rbs. An example is below where set-ups occurred at points 1 2 and 3 on my 1min trigger chart.]
Attached Image (click to enlarge)
Click to Enlarge Name: 1min set-ups fri 16th may 08.gif Size: 21 KB
ex member
  • #66,371
  • May 16, 2008 4:36am May 16, 2008 4:36am
Quoting hard1head1
Next week starting new thread for those interested. It will be a combo G/U & E/J. Making money on E/J right now while everyone is watching this one pee all over itself.

Jim
Making money on E/J right now while everyone is watching this one pee all over itself.

great one bro..nearly fell of my chair
  • #66,372
  • May 16, 2008 4:36am May 16, 2008 4:36am
Quoting nAVIN2007
he only looking for scalps here bro ...u cant hit home runs in this market..unless u want to take huge loss

gpy/jpy moving much better than this thing ..i just placed a trade, dunno if it will works
Nav,

Are you still in short? The thing shot up like a rocket today. I escaped with my life.
Expected the unexpected
  • #66,373
  • May 16, 2008 4:38am May 16, 2008 4:38am
Still believe we will end the week below 1.9400

Believe
  • #66,374
  • May 16, 2008 4:39am May 16, 2008 4:39am
Quoting uncleforex
Still believe we will end the week below 1.9400

Believe
On what do you base this belief?
Expected the unexpected
  • #66,375
  • May 16, 2008 4:41am May 16, 2008 4:41am
Quoting hard1head1
Next week starting new thread for those interested. It will be a combo G/U & E/J. Making money on E/J right now while everyone is watching this one pee all over itself.

Jim
count me in
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,376
  • May 16, 2008 4:42am May 16, 2008 4:42am
Well when we say correlation they don’t exactly move in tandem.
The thing with Swissy is it gives an overall idea of Dollar strength against alot pairs.



Quoting scyang
Cable is shooting through the roof while swissy is pretty much holding still. Doesn't seem to work with the correlation theory. I always thought that fiber and swissy are cross pairs. Never knew cable and swissy got anything to do with each other. Anybody explain this?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,377
  • May 16, 2008 4:43am May 16, 2008 4:43am
Quoting scyang
On what do you base this belief?
probably if US numbers are really better than expected.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,378
  • May 16, 2008 4:44am May 16, 2008 4:44am
I think the general consensus is that any upside progress could be laboured (data reactions excepted) with a Sell the Rally mentality prevailing above that 9335-75 support zone on Daily chart, This and the deeper potential RBS area on weekly chart is shown below:
Attached Image
ex member
  • #66,379
  • May 16, 2008 4:50am May 16, 2008 4:50am
Quoting scyang
On what do you base this belief?
The bigger trend.

Well push up a bit then big drop...long time no big drop already
  • #66,380
  • May 16, 2008 4:50am May 16, 2008 4:50am
Quoting scyang
Nav,

Are you still in short? The thing shot up like a rocket today. I escaped with my life.

hell no im starting to look at other currencies now ..this one has gone nuts, if u ask me signal on here means not so much ...very difficult currency to trust in any trade
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