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Cable Update (GBPUSD)

  • #70,561
  • Jun 12, 2008 11:26am Jun 12, 2008 11:26am
Quoting T 1 Ti
did they finish their pizza ????

hell no , he forget that he dont eat porc so he give it back and ordered a new vegeterian
damn i cant belive he still talking till now
  • #70,562
  • Jun 12, 2008 11:27am Jun 12, 2008 11:27am
Quoting T 1 Ti
same here
i don't even dare to short
no way cant short right at support..
  • #70,563
  • Jun 12, 2008 11:41am Jun 12, 2008 11:41am
Quoting nAVIN2007
no way cant short right at support..
can't long either
  • #70,564
  • Jun 12, 2008 11:47am Jun 12, 2008 11:47am
Quoting T 1 Ti
can't long either
looks like that guy talking is finishing the £ ...

eur also looks like it should go up....never know this down movement can still be rejected
  • #70,565
  • Jun 12, 2008 11:48am Jun 12, 2008 11:48am
you guys went long too quick.
If I Go Broke Trying Then I Will die happy.
  • #70,566
  • Jun 12, 2008 11:50am Jun 12, 2008 11:50am
Quoting Moe
you guys went long too quick.
now u tell us ...
  • #70,567
  • Jun 12, 2008 11:51am Jun 12, 2008 11:51am
@moe

is this the right time ???
  • #70,568
  • Jun 12, 2008 11:54am Jun 12, 2008 11:54am
Quoting T 1 Ti
@moe

is this the right time ???
dont even think about adding another long ....just let it do its thing..

i will add at 1.93 if we that unlucky
  • #70,569
  • Jun 12, 2008 11:57am Jun 12, 2008 11:57am
Quoting nAVIN2007
dont even think about adding another long ....just let it do its thing..

i will add at 1.93 if we that unlucky
u right better wait than regret
  • #70,570
  • Jun 12, 2008 11:57am Jun 12, 2008 11:57am
Quoting Moe
you guys went long too quick.

  • #70,571
  • Jun 12, 2008 12:05pm Jun 12, 2008 12:05pm
Gbp/Usd

-------------------------
Chart Set-up Update :

Price-Action now appears to be moving towards an " End of Wave C " Low .........

( Double click on chart to enlarge )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-06-06-2008-#3.gif Size: 24 KB
Click to Enlarge Name: GBP-06-10-2008-#1.gif Size: 19 KB
Click to Enlarge Name: GBP-06-10-2008-#2.gif Size: 22 KB
Click to Enlarge Name: GBP-06-12-2008-#1.gif Size: 23 KB
  • #70,572
  • Edited 12:17pm Jun 12, 2008 12:07pm | Edited 12:17pm
Quoting T 1 Ti
u right better wait than regret
yeah i got a feeling this will give a shadaw on 4 hr candle and close above support...when that if happen would be a ok time to think of adding a long

but i by no means no what the hell is happening here, it can tank aswell

we looking good ...just must remain like this now ...the long shadows will confirm rejection next 4 hr bullish ...then we off!!
right morning star on 15 minute 1.9432 shouldnt break to confirm pattern ...if it break this then discard..
  • #70,573
  • Jun 12, 2008 12:23pm Jun 12, 2008 12:23pm
Gbp/Usd

Hmmm ?..... a Massive Triangle ? ......

///////////////////////////////////////////////////////////////////////////

http://i32.tinypic.com/dfdlja.gif
  • #70,574
  • Jun 12, 2008 12:25pm Jun 12, 2008 12:25pm
On my charts i've got RSI (14) in the oversold region since around 12pm GMT and Stochastic (35, 3, 3) in the oversold region about the same time. So i think we're looking to go long in the near future.
"The trend is your friend, until the end."
  • #70,575
  • Jun 12, 2008 12:27pm Jun 12, 2008 12:27pm



Quoting ForexRookie
On my charts i've got RSI (14) in the oversold region since around 12pm GMT and Stochastic (35, 3, 3) in the oversold region about the same time. So i think we're looking to go long in the near future.
There is no bad decisions, its only didn't work out.
  • #70,576
  • Jun 12, 2008 12:28pm Jun 12, 2008 12:28pm
Who has the best long position on board?

I have one at 1.9485 and I'm looking at adding another one at 1.9440ish after the US Session ends. Looking for profit at 1.9550 on one lot and let the other one ride.
Just digging in the trenches like everyone else!
  • #70,577
  • Jun 12, 2008 12:30pm Jun 12, 2008 12:30pm
Quoting eohater
Who has the best long position on board?

I have one at 1.9485 and I'm looking at adding another one at 1.9440ish after the US Session ends. Looking for profit at 1.9550 on one lot and let the other one ride.
I'm still waiting for a clear signal from my system before going long, but it has to be imminent.
"The trend is your friend, until the end."
  • #70,578
  • Jun 12, 2008 12:39pm Jun 12, 2008 12:39pm
Quoting ForexRookie
I'm still waiting for a clear signal from my system before going long, but it has to be imminent.
Good for you for following your system! I obtained the long at 1.9485 by stepping outside of my system this morning. I missed the boat ride down during the asian session and thought I would catch the bounce up before the US Session took off. We never take off that early.
Just digging in the trenches like everyone else!
  • #70,579
  • Jun 12, 2008 12:57pm Jun 12, 2008 12:57pm
Quoting ForexRookie
I'm still waiting for a clear signal from my system before going long, but it has to be imminent.
I closed all of my shorts at 1.5445. At the moment, there are no good signals
for either short or long, as we have entered dead market hours.

There is a possibility of a bullish trend, as hinted by slow_k on 2-hour chart, but the best strategy is to wait till the midnight or even London open since there won't be a good indication one way or another until then
"Luxury is one of the basic needs", (c), Don Corleone
  • #70,580
  • Jun 12, 2008 1:11pm Jun 12, 2008 1:11pm
On the other hand....
I am short at this daily mid-pivot (1.9473) for 12 pips to 1.9461
"Luxury is one of the basic needs", (c), Don Corleone
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