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Cable Update (GBPUSD)

  • #68,581
  • Jun 1, 2008 3:50pm Jun 1, 2008 3:50pm
the uptrend should be in play by N.Y. close tommorow.
If I Go Broke Trying Then I Will die happy.
  • #68,582
  • Jun 1, 2008 3:53pm Jun 1, 2008 3:53pm
does this mean it will fill the gap by going higher
or is it bearish now???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,583
  • Jun 1, 2008 3:54pm Jun 1, 2008 3:54pm
Quoting Moe
the uptrend should be in play by N.Y. close tommorow.

usualy when we have gap , the price cover this gap later
  • #68,584
  • Jun 1, 2008 3:58pm Jun 1, 2008 3:58pm
hey moe
so where's the price now???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,585
  • Jun 1, 2008 4:00pm Jun 1, 2008 4:00pm
Quoting salah k.
hey moe
so where's the price now???
Currently at 1.9732. Got to as low as 1.9720.

HOLLA
  • #68,586
  • Jun 1, 2008 4:01pm Jun 1, 2008 4:01pm
Quoting salah k.
does this mean it will fill the gap by going higher
or is it bearish now???
gaps close in the direction the gap opened

market then tends to go back in the direction from which the gap filled
Don't chase the market, Let the market come to you
  • #68,587
  • Jun 1, 2008 4:04pm Jun 1, 2008 4:04pm
Quoting Tmac
gaps close in the direction the gap opened

market then tends to go back in the direction from which the gap filled
so cable now should be heading back to 19800 at least???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,588
  • Jun 1, 2008 4:06pm Jun 1, 2008 4:06pm
Quoting salah k.
so cable now should be heading back to 19800 at least???
90% of the time.
If I Go Broke Trying Then I Will die happy.
  • #68,589
  • Jun 1, 2008 4:08pm Jun 1, 2008 4:08pm
Quoting salah k.
so cable now should be heading back to 19800 at least???

correct

MOST times gaps will close

I am long GJ EJ and GU to close over 300 pips in gaps and if I get 100 i am happy
Don't chase the market, Let the market come to you
  • #68,590
  • Jun 1, 2008 4:11pm Jun 1, 2008 4:11pm
sorry guys but bare with me
ive never seen gaps like these

so in a gap like this we have 90% chance of making at least 50 pips tonight!!!!!!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,591
  • Jun 1, 2008 4:11pm Jun 1, 2008 4:11pm
Quoting Tmac
correct

MOST times gaps will close

I am long GJ EJ and GU to close over 300 pips in gaps and if I get 100 i am happy
don't you love gap trading.
If I Go Broke Trying Then I Will die happy.
  • #68,592
  • Jun 1, 2008 4:12pm Jun 1, 2008 4:12pm
Quoting salah k.
sorry guys but bare with me
ive never seen gaps like these

so in a gap like this we have 90% chance of making at least 50 pips tonight!!!!!!!!!!
true, depends on how far was the gap.
If I Go Broke Trying Then I Will die happy.
  • #68,593
  • Jun 1, 2008 4:15pm Jun 1, 2008 4:15pm
Quoting Moe
don't you love gap trading.
yeap

every sunday
Don't chase the market, Let the market come to you
  • #68,594
  • Jun 1, 2008 4:17pm Jun 1, 2008 4:17pm
Well, I have a new indicator for confirmation.

Psychic dog indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: Dog indicator.png Size: 401 KB
  • #68,595
  • Jun 1, 2008 4:18pm Jun 1, 2008 4:18pm
sounds a bit too easy to be true
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,596
  • Jun 1, 2008 4:22pm Jun 1, 2008 4:22pm
Quoting salah k.
sounds a bit too easy to be true
i know, thats why it's a forgotten system, simple as can be.
If I Go Broke Trying Then I Will die happy.
  • #68,597
  • Jun 1, 2008 4:23pm Jun 1, 2008 4:23pm
Quoting salah k.
sounds a bit too easy to be true
sunday gaps have paid every utility bill I have and then some for over 2 yrs without fail

too easy??

yeap
Don't chase the market, Let the market come to you
  • #68,598
  • Jun 1, 2008 4:23pm Jun 1, 2008 4:23pm
Okay normally gaps fill, but WOWSA's thats 1 hell of a gap.

If you've of bought the gap down on USDJPY and EURJPY then both have already been over Fridays close.

I'm going to stay out, have fun playing people!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68,599
  • Jun 1, 2008 4:24pm Jun 1, 2008 4:24pm
Wow! What a nice gap on the open! In my wildest dream I thopught it would start at 1.9778

As for the gap closing now it will definitely revisit the pivot points area in the 1.9770's
"Luxury is one of the basic needs", (c), Don Corleone
  • #68,600
  • Jun 1, 2008 4:24pm Jun 1, 2008 4:24pm
Quoting Carrera
Well, I have a new indicator for confirmation.

Psychic dog indicator.


cool system
but i have one minor problem
no dog
guess we're gona have to use urs

how many wou's so far
"what doesn't bankrupt me, makes me stronger" modern nietzche
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