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Cable Update (GBPUSD)

  • #69,501
  • Jun 7, 2008 11:21am Jun 7, 2008 11:21am
Hey Salah, you know that is not how I see myself at all but im glad we have mutual respect and im your friend.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,502
  • Jun 7, 2008 11:50am Jun 7, 2008 11:50am
Quoting Bones
Thanks Littlejohn.
Ya know its not all good as everyone here would know since I post all my thoughts /charts/trades.
Like James 16 would say “No Smoke No mirrors”
What im thrilled about really is the trades I never took.
I have recently opened some charts that I know absolutely nothing about and tried to apply the J16 method as best I can then looked back at them predictions and have been bang on the money.

That gives me hope that im going in the right direction.
actually bro ..thats exactly how i feel ...lol
same thing i looked at other charts never placed the trades but found same thing....its fantastic how the knowledge applied to other currencies also works, and its very exciting. ditto with the feelings

its nice at least to see what u think actaully materialise. welldone man on the progress..u deserve it!!
  • #69,503
  • Jun 7, 2008 12:24pm Jun 7, 2008 12:24pm
Quoting Bones
Hey Salah, you know that is not how I see myself at all but im glad we have mutual respect and im your friend.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,504
  • Jun 7, 2008 3:27pm Jun 7, 2008 3:27pm
Quoting nAVIN2007
actually bro ..thats exactly how i feel ...lol
same thing i looked at other charts never placed the trades but found same thing....its fantastic how the knowledge applied to other currencies also works, and its very exciting. ditto with the feelings

its nice at least to see what u think actaully materialise. welldone man on the progress..u deserve it!!
You know what Nav im thinking it may be easier to look at a chart with no pre-conceived baggage ,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,505
  • Edited Jun 8, 2008 3:05am Jun 7, 2008 3:41pm | Edited Jun 8, 2008 3:05am
I absolutely agree that the Israel-Iran thing wacked oil up in record speed. Also the fact it was rising so quickly forced short traders to stop and reverse.
But when you look at it there was dollar negativity across the board on the Thursday before the Non Farm as if that 5.5% unemployment rate was already worked out.
I mean there was already a lovely bullish bar on oil by Thursday Close.
Basically the worst unemployment rate rise in 22 years has left the FED no option but to keep interest rates at 2% for a bit longer than they would like while the BOE are forced to keep them at 5% due to inflation.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,506
  • Jun 7, 2008 3:44pm Jun 7, 2008 3:44pm
I hope the exams went well Salah?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,507
  • Jun 7, 2008 6:33pm Jun 7, 2008 6:33pm
Quoting malcolmb14
Does anyone see the formation of a morning star ( 2nd candle formed today) on the daily.

If we get a green candle tomorrow with a close above todays close then the reversal may be confirmed

2.00 ?? is this possible ????

Attachment
Looks like the chart is is slowing down for a while.
{Promotion Removed}
  • #69,508
  • Jun 8, 2008 1:09am Jun 8, 2008 1:09am
Quoting Bones
I hope the exams went well Salah?
yeah well not so good actually i just realized that i only went and improvised
and that was really bad (thought i was a genius, turned out Im not even close)

man Im spending too much time on forex but its worth it.
and man did anyone expect 5.5% unemployment ; i mean it shows that the numbers they gave be4 and this number are contradictory. WTF. 5.5% actually makes more sense than the other crap that they used and flipped the markets.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,509
  • Jun 8, 2008 1:21am Jun 8, 2008 1:21am
Quoting salah k.
yeah well not so good actually i just realized that i only went and improvised
and that was really bad (thought i was a genius, turned out Im not even close)

man Im spending too much time on forex but its worth it.
and man did anyone expect 5.5% unemployment ; i mean it shows that the numbers they gave be4 and this number are contradictory. WTF. 5.5% actually makes more sense than the other crap that they used and flipped the markets.

is there aplace where u can view the history of these things? and yes bro ...it is funny how the figures can change so quickly
  • #69,510
  • Jun 8, 2008 3:04am Jun 8, 2008 3:04am
yes Nav
http://www.bls.gov/eag/eag.us.htm

The thing with that Number is it was the biggest 1 month rise in 22 years.
Basically its the speed not so much the number itself.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,511
  • Jun 8, 2008 3:31am Jun 8, 2008 3:31am
Quoting Bones
yes Nav
http://www.bls.gov/eag/eag.us.htm

The thing with that Number is it was the biggest 1 month rise in 22 years.
Basically its the speed not so much the number itself.

thx buddy ...
i noticed 1 hr chart has a pin .. so we likely to go down then up ..i think bro im going to stick it weekly and daily.....and look out for pins and stuff ..

jim says its easier on the larger time frames..then work my way down...can only help i guess ......lol
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  • #69,512
  • Jun 8, 2008 3:57am Jun 8, 2008 3:57am
all speculation

but the head n shoulder neckline need to break and its solid for that target to be reached, if anything i would have expected friday non farm figure to break that....so dunno if its possible..

might get anaother week of consolidation more likely between the range
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  • #69,513
  • Jun 8, 2008 9:05am Jun 8, 2008 9:05am
Quoting nAVIN2007
thx buddy ...
i noticed 1 hr chart has a pin .. so we likely to go down then up ..i think bro im going to stick it weekly and daily.....and look out for pins and stuff ..

jim says its easier on the larger time frames..then work my way down...can only help i guess ......lol
Absolutely Nav I had that 1 hour pin too. Its a nice one and one of the reasons I didn’t hold position over the weekend. I like your buy the pullback plan too.
The thing is it all depends on open as it could do anything on the last few weeks experience.
Don’t forget there is a gap. Its going to be filled Nav im sure of that ,so if it drops the further it goes the better.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,514
  • Edited 9:47am Jun 8, 2008 9:17am | Edited 9:47am
Quoting AmeriTrini
Nah, I would short anywhere above 1.9850............
Good evening gentlemen,
I agree with you AmeriTrini. 1.9850 will be my third long target for Monday only if my condition confirms the destination for Cable. But I’ll keep an eye on 1.9770 the last week gap
Please review my table for Monday 9/6/2008
Happy trading for you all
Attached Image
  • #69,515
  • Jun 8, 2008 9:28am Jun 8, 2008 9:28am
Quoting Bones
Absolutely Nav I had that 1 hour pin too. Its a nice one and one of the reasons I didn’t hold position over the weekend. I like your buy the pullback plan too.
The thing is it all depends on open as it could do anything on the last few weeks experience.
Don’t forget there is a gap. Its going to be filled Nav im sure of that ,so if it drops the further it goes the better.
will do buddy ....checking out the gap stuff right now
  • #69,516
  • Jun 8, 2008 9:52am Jun 8, 2008 9:52am
Good Evening Nizar you feeling better ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,517
  • Jun 8, 2008 9:53am Jun 8, 2008 9:53am
Quoting Abuawad
Good evening gentlemen,
I agree with you AmeriTrini. 1.9850 will be my third long target for Monday only if my condition confirms the destination for Cable. But I’ll keep an eye on 1.9770 the last week gap
Please review my table for Monday 9/6/2008
Happy trading for you all
Nice to c u again Abuawad
welcome back
  • #69,518
  • Jun 8, 2008 10:00am Jun 8, 2008 10:00am
Quoting T 1 Ti
Nice to c u again Abuawad
welcome back

Thanks T 1 T
  • #69,519
  • Edited 10:19am Jun 8, 2008 10:01am | Edited 10:19am
Quoting Bones
Good Evening Nizar you feeling better ?
thanks Bones, i hope yes . i need more time to return back to normal, but my hand can work now
  • #69,520
  • Jun 8, 2008 10:42am Jun 8, 2008 10:42am
Quoting T 1 Ti
Nice to c u again Abuawad
welcome back
hiya buddy we missed u
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