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Cable Update (GBPUSD)

  • #68,561
  • Jun 1, 2008 3:14am Jun 1, 2008 3:14am
also you have to have a diffrent system for diffrent market condition's.:nerd:
If I Go Broke Trying Then I Will die happy.
  • #68,562
  • Jun 1, 2008 3:17am Jun 1, 2008 3:17am
Quoting Bones
Hey thanks Salah ,but im sure you would get the fundie hat,
I know I have been focused to the upside pretty much all this year since the first monthly pin and a lot of the time that has not been correct, so I am trying to question myself more and more and if we get a nice pin or PA say around the 2 mark I am ready to shift my focus this time.
we might be heading up when sunday open, i don't look for that trend to continue, look for the swing and thats where your pips will be
If I Go Broke Trying Then I Will die happy.
  • #68,563
  • Jun 1, 2008 3:39am Jun 1, 2008 3:39am
Quoting Moe
we might be heading up when sunday open, i don't look for that trend to continue, look for the swing and thats where your pips will be
i agree withe you
Grasp all lose all
  • #68,564
  • Jun 1, 2008 4:24am Jun 1, 2008 4:24am
Quoting damonl
moe...this is very interesting in a market like this. how many pips would you say is enough room to determine which direction the trade is going to go that day? 50 pips? c'mon....i think that you can talk. your just playing hard to get
hiya buddy ..i dont think any system in this situation can help ...there a argument for both, monthly chart has bias for up ..but as far as direction goes i reckon 50 pips to target then a change of direction can easily occur

a good trader has to know when the market condition are viable to make many pips and i doubt this puppy shall rally...maybe just blow accounts.....lol

expect a choppy week, and best to remain in scalping mode

maybe pips to the upside 1.9924 area from 1.9846

just my 2 pips
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  • #68,565
  • Jun 1, 2008 4:27am Jun 1, 2008 4:27am
http://www.dailyfx.com/story/special...814189581.html


is the above report correct?

http://www.forexfactory.com/images/misc/progress.gif

greed+gluttony+self-indulgence+craving= success
  • #68,566
  • Jun 1, 2008 4:55am Jun 1, 2008 4:55am
i see flag patern on GBP/USD.what do u think traders?it seems potential of break up !!
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  • #68,567
  • Jun 1, 2008 4:56am Jun 1, 2008 4:56am
Just make it simple,

If price can pass 9850/55 then we will see 9900, if can pass 9920 then bulish
if can't pass 9850/55 then we will see 9680 again, if can pass 9650 then bearish.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #68,568
  • Jun 1, 2008 5:01am Jun 1, 2008 5:01am
looks up to me
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  • #68,569
  • Jun 1, 2008 5:02am Jun 1, 2008 5:02am
Quoting notme32
Just make it simple,

If price can pass 9850/55 then we will see 9900, if can pass 9920 then bulish
if can't pass 9850/55 then we will see 9680 again, if can pass 9650 then bearish.
great thoughts
im with u on that
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,570
  • Jun 1, 2008 5:34am Jun 1, 2008 5:34am
Quoting salah k.
great thoughts
im with u on that

small up then downnnnnnn
  • #68,571
  • Jun 1, 2008 5:47am Jun 1, 2008 5:47am
Quoting warta
small up then downnnnnnn
warta keeeeeefaaak?
i dont know wat will happen
im torn but we will see if dollar maintains its strength.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,572
  • Jun 1, 2008 6:46am Jun 1, 2008 6:46am

any way we have a good chance to short at 1.9850 because is strong R and we will see next step

Grasp all lose all
  • #68,573
  • Jun 1, 2008 7:19am Jun 1, 2008 7:19am
telling the truth Im still have short position
but just food for thought.
p/s:Im still voting cable to going down.
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  • #68,574
  • Jun 1, 2008 10:15am Jun 1, 2008 10:15am
Plan go short near 1.9850 ( wait for trend short term to turn down ), go Long on a break over, look for 9700 area to cover the short, or 1.9950 area to exit the long.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,575
  • Jun 1, 2008 12:45pm Jun 1, 2008 12:45pm
Expect an open with a gap down today (around 1.9797-1.9805) and visit towards the pivot points conveniently congested in the 1.9770's (weekly pivot at 1.9778 and daily pivot at 1.9773). The pivots being so close and tight there is no way the price won't touch them

A test of 1.9840-1.9850 is possible, but the open of the weekly candle around 1.9800 will confirm the bearish turnaround for this week.

I am short since the Friday close (1.9800 and 1.9819), first target - the pivots
"Luxury is one of the basic needs", (c), Don Corleone
  • #68,576
  • Jun 1, 2008 3:29pm Jun 1, 2008 3:29pm
the market opened????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,577
  • Jun 1, 2008 3:31pm Jun 1, 2008 3:31pm
omg!

what a drops!
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  • #68,578
  • Jun 1, 2008 3:32pm Jun 1, 2008 3:32pm
and 170 pips at gbp/jpy..


what happened?
  • #68,579
  • Jun 1, 2008 3:46pm Jun 1, 2008 3:46pm
Quoting salah k.
the market opened????
i use fxsol demo beacuse they open early then most broker, 3pm
If I Go Broke Trying Then I Will die happy.
  • #68,580
  • Jun 1, 2008 3:48pm Jun 1, 2008 3:48pm
Quoting plumiash
omg!

what a drops!
thats what i maent to say it drop almost 100 pips
If I Go Broke Trying Then I Will die happy.
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