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Cable Update (GBPUSD)

  • #71,581
  • Jun 19, 2008 10:47am Jun 19, 2008 10:47am
Quoting Moe
ok here's one of my trades.

went long at 1.9605, s/l 1.9512, t/p 1.9761 and 1.9828
all out at 1.9741, lets see what n.y. close bring.
If I Go Broke Trying Then I Will die happy.
  • #71,582
  • Jun 19, 2008 10:49am Jun 19, 2008 10:49am
Quoting ehsan
Hi Moe,

I am new to the forum and hope to learn from all of you. Based on ElliotWave count, I can see five upward wave forming on the 4H chart that the 4th wave should end up around 1.9500-25. Do you use EW or other indicatores to predict your targdet 9500. Thanks
i don't use charts or indicators.
If I Go Broke Trying Then I Will die happy.
  • #71,583
  • Jun 19, 2008 10:50am Jun 19, 2008 10:50am
Quoting Moe
b.t.w im scaling out my trades, now that i know it should go down to around 9500' area.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,584
  • Jun 19, 2008 10:50am Jun 19, 2008 10:50am
Hey Guys.

I am entering short at 1.9739. It is about 50 pips away from the top of my monthly grid range so good place for shorts IMO
Happy trading all
  • #71,585
  • Jun 19, 2008 10:52am Jun 19, 2008 10:52am
Quoting Moe
if price close above 1.9700 were heading back down to the 1.9500 area.
sup Moe,

im new to this, care to explain that statement?

thankx
  • #71,586
  • Jun 19, 2008 10:54am Jun 19, 2008 10:54am
Quoting shengster
sup Moe,

im new to this, care to explain that statement?

thankx
what my system tells me, when n.y. close at 5pm if the close price at 1.9700 or higher we should see a drop back down to the 1.9500's area.
If I Go Broke Trying Then I Will die happy.
  • #71,587
  • Jun 19, 2008 11:11am Jun 19, 2008 11:11am
Quoting Moe
im a little off today, can you explain to me what the heck your talking about.
rephrasing:

One statistic or piece of news does not necessarily mean everything has changed and the trend has to reverse

So the statistic on UK retail sales alone, isn't a good reason to change our long term forward view. Allied with the Philadelphia figure, we could be getting ready for an upward trend change but it is too early after these stats to rely upon them giving us direction, as other factors in the market might overwhelm them

Standing back and looking at the daily charts, I dont think we can say that the recent downtrend has finished for certain and we are now going to 2.04

If we break the daily channel to the upside (convincingly) the we can start playing a new long term direction (up)

Sorry if my English does not convey my thoughts clearly, I have been out of the country a long time now
  • #71,588
  • Jun 19, 2008 11:16am Jun 19, 2008 11:16am
If I Go Broke Trying Then I Will die happy.
  • #71,589
  • Jun 19, 2008 11:17am Jun 19, 2008 11:17am
Quoting tarektm
Congratulation Bro
well, it's the hardest time, and i wish you find a good job that suites you.

thnx man
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,590
  • Jun 19, 2008 11:19am Jun 19, 2008 11:19am
Quoting boxingislife
looks like my call to buy cable last night worked its magic $$$
what up man?

read breakin news on ftv about explosions heard in jezzeen


we have an ftv?????

and explosions in jezeeen
did they say if it was planes????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,591
  • Jun 19, 2008 11:21am Jun 19, 2008 11:21am
Quoting Moe
MOE MOE MOE
wat up manager
man the groupies just cant get enough of me
they're everywhere
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,592
  • Jun 19, 2008 11:22am Jun 19, 2008 11:22am
Price has stalled just short of the 100 daily sma on cable, which is also the underside of a trendline. Waiting for the close as per Moe and also a reversal pattern.

My second idea is a resting order to go short just beneath R2 at around 1.9694.
If it's too good to be true, it probably is.
  • #71,593
  • Jun 19, 2008 11:24am Jun 19, 2008 11:24am
Quoting Moe
what my system tells me, when n.y. close at 5pm if the close price at 1.9700 or higher we should see a drop back down to the 1.9500's area.
yeah bro
i second that but i entered a short at 9741
s/l at 9800
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,594
  • Jun 19, 2008 11:24am Jun 19, 2008 11:24am
Think I will leave you guys to it if you just want to have a local chat room about school and lebanon and stuff

Hope that's clear enough English
  • #71,595
  • Jun 19, 2008 11:27am Jun 19, 2008 11:27am
Quoting allserene
Think I will leave you guys to it if you just want to have a local chat room about school and lebanon and stuff

Hope that's clear enough English

dude yesterday u were talking about borat d ali G and ur wife

wats up now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,596
  • Jun 19, 2008 11:31am Jun 19, 2008 11:31am
Same here.. entered short at 9742
It's dropping now... yuppy..

Quoting salah k.
yeah bro
i second that but i entered a short at 9741
s/l at 9800
  • #71,597
  • Jun 19, 2008 11:34am Jun 19, 2008 11:34am
Quoting salah k.
yeah bro
i second that but i entered a short at 9741
s/l at 9800
i'm seeing the same thing that you guys are.....my system tends to be late so i'm going to change my entry point to 1.9752 before 5p and anything above 1.9700 like Moe said.....
  • #71,598
  • Jun 19, 2008 11:35am Jun 19, 2008 11:35am
Quoting John Lo
Same here.. entered short at 9742
It's dropping now... yuppy..
i think its a good entry but theres a big chance it might hit my s/l
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #71,599
  • Jun 19, 2008 11:36am Jun 19, 2008 11:36am
GBP\USD with 1.9852 proved to be tough resistance, currently short at 1.9742 and will add 2 lots at 1.9843 with STL set @ 1.9860
In the coming sessions, will see Cable backing off to 1.94 and eventually reach 1.9323/30 Support line.
  • #71,600
  • Jun 19, 2008 11:37am Jun 19, 2008 11:37am
Quoting salah k.
dude yesterday u were talking about borat d ali G and ur wife

wats up now
The occasional bit of frivolity is good in my book but when it's an ongoing chat off subject between a small group then it takes up a lot of screen.

and how come my ideas are met with incomprehension ? I don't need affirmation in my theories, I don't mind being told I am wrong, but it's frustrating when you can't understand my point - I can't figure whether my English has failed me in my powers of written expression or whether I have developed alzheimer's overnight and my thinking is jumbled and nonsensical or whether you guys would rather have your chat room in your geographic area and school work rather than engage in a discussion on the direction of the markets

You probaly don't understand that either but that's ok

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