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Cable Update (GBPUSD)

  • #72,641
  • Jun 26, 2008 5:35am Jun 26, 2008 5:35am
Quoting NuB
LOL Im all for multiple platforms. I just ait tryin to set up (make) no mini accounts right now.
If I Go Broke Trying Then I Will die happy.
  • #72,642
  • Jun 26, 2008 5:36am Jun 26, 2008 5:36am
Went short off the top, if the daily doesn't turn into a pinbar I'll probably go long.
Money & Pain Respect the market, protect your capital, be patient
  • #72,643
  • Jun 26, 2008 5:37am Jun 26, 2008 5:37am
We indeed the time that bulls would have there day.
But how far will it go?


  • #72,644
  • Jun 26, 2008 5:39am Jun 26, 2008 5:39am
I am not convinced about the longs!??
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 18 KB
  • #72,645
  • Jun 26, 2008 5:39am Jun 26, 2008 5:39am
Quoting Moe
you know what you just said right, thats 3 peter's with no platform to put it in ,
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #72,646
  • Jun 26, 2008 5:50am Jun 26, 2008 5:50am
Quoting Runway Trade
I am not convinced about the longs!??
well,
today's close will show us the whole picture.
  • #72,647
  • Jun 26, 2008 5:50am Jun 26, 2008 5:50am
I could use a "Happy Ending" after this happy ending.
Don't Get Bitter, Get Better
  • #72,648
  • Jun 26, 2008 5:55am Jun 26, 2008 5:55am
Quoting Runway Trade
I am not convinced about the longs!??
I like your chart...
And i agree @this point in time.
But boy if the pressure keeps building up and "44" get's broken,
potential for Long term trading towards 2.00 area looks great.

"44" was a close point on 15March and it stopped on a dime there.
We'll have to see...
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #72,649
  • Jun 26, 2008 5:57am Jun 26, 2008 5:57am
Quoting Runway Trade
I am not convinced about the longs!??
Therefore I already closed my long for 35 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #72,650
  • Jun 26, 2008 6:03am Jun 26, 2008 6:03am
Quoting manize
Therefore I already closed my long for 35 pips !
gone short here... @1.9834 and 1.9770

hope it works out..
  • #72,651
  • Jun 26, 2008 6:03am Jun 26, 2008 6:03am
Could anybody enlighten ....... Could we read the Doji on 1H chart now .......as a signal for southwards movement?

Appreciate the input in this regard
Thank you
BANDA333
  • #72,652
  • Jun 26, 2008 6:04am Jun 26, 2008 6:04am
MOEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
what your post?
Im in shortTTT
anyone in short??
  • #72,653
  • Jun 26, 2008 6:05am Jun 26, 2008 6:05am
Well fellas its been fun. But Im outa here back to bed. I would start looking for a short or exiting long. My system is at its limit for the longs. I can see it consolidating until the US open then falling. Don't quote me its just the system.
Don't Get Bitter, Get Better
  • #72,654
  • Jun 26, 2008 6:08am Jun 26, 2008 6:08am
Cable made a breakout:
- above the 2.04 descending trendline (thick red trendline)
- pushed through previous swing high (signaling possible trend change if 1.9408 can hold)
- Above the June 2 gap 1.9807-1.9771

Now let see the reaction and throwback test (if any), and if all resistance broken today can switch to support...

Staying, short, could scrap the trade tomorrow with a loss if things degenerates to the upside...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD062620081.gif Size: 31 KB
Getting it right is NOT as important as not getting it wrong.
  • #72,655
  • Jun 26, 2008 6:15am Jun 26, 2008 6:15am
Quoting BANDA
Could anybody enlighten ....... Could we read the Doji on 1H chart now .......as a signal for southwards movement?

Appreciate the input in this regard
Thank you
it was just this that made me go for the short..
look at it like this ..we went up rally...price opened went to the top then went down and closed slightly lower than the open. what would this suggest to u ?

indecision people not comfortable about long positions, and selling ws a bit stronger...could be a turning point...the good thing is it is formed at resistance r1....good place for a doji..hence why i went short..

but these days trading cable thiese signal hardly mean nothing but its better than nothing..
Attached Image (click to enlarge)
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  • #72,656
  • Jun 26, 2008 6:21am Jun 26, 2008 6:21am
Just to remember that technicals fail on news. Lots of numbers coming in 1 hours...any guesstimate?

big spikes expected ?
  • #72,657
  • Jun 26, 2008 6:22am Jun 26, 2008 6:22am
this is the 4th time 9850 holds
are the big boys reloading shorts????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,658
  • Jun 26, 2008 6:23am Jun 26, 2008 6:23am
Quoting salah k.
this is the 4th time 9850 holds
are the big boys reloading shorts????????

yes
  • #72,659
  • Jun 26, 2008 6:24am Jun 26, 2008 6:24am
a monthly close around 9850 or above will show a break in the falling TL of the monthly formation since november 07(or the high of 2.11)

hence suggesting bullish momentum
and vice versa
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,660
  • Jun 26, 2008 6:26am Jun 26, 2008 6:26am
Quoting steelhead
yes
i kinda think so too but we must not ignore monthly cause its closing in on the TL.
a tend should start next month or am i day dreaming again.
"what doesn't bankrupt me, makes me stronger" modern nietzche
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