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Cable Update (GBPUSD)

  • #87,301
  • Sep 11, 2008 6:54am Sep 11, 2008 6:54am
oops, forgot the chart...
Attached Image (click to enlarge)
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  • #87,302
  • Sep 11, 2008 6:58am Sep 11, 2008 6:58am
According to my chart, it is showing the sign to go up to 1.7625 at the most, this time buddies I would like to take this baby as a short from the top top which could be 1.7625 and also according to FXCM...... Another reason is since 1.7470 has been breached as low as 1.7440 so in the intraday duration it has to go down the point is we have to catch this baby at the very pretttiest high end which I initially thought 1.7580 but I have increased 45 more pips in my thought..... will see what happens, if US news would come out in red then my thought would be success for up to 1.7625 or so....
  • #87,303
  • Sep 11, 2008 7:05am Sep 11, 2008 7:05am
Quoting asyed4
According to my chart, it is showing the sign to go up to 1.7625 at the most, this time buddies I would like to take this baby as a short from the top top which could be 1.7625 and also according to FXCM...... Another reason is since 1.7470 has been breached as low as 1.7440 so in the intraday duration it has to go down the point is we have to catch this baby at the very pretttiest high end which I initially thought 1.7580 but I have increased 45 more pips in my thought..... will see what happens, if US news would come out in red then my thought would be success for up to 1.7625 or so....
daily pivot and R1 is what you are saying here?
Don't chase the market, Let the market come to you
  • #87,304
  • Sep 11, 2008 7:08am Sep 11, 2008 7:08am
just made 15 pips.......eww felt like 100 ......lol....i sold right at the top of the dailly and thought maybe it might retrace to make a higher high..best take the 15...
  • #87,305
  • Sep 11, 2008 7:09am Sep 11, 2008 7:09am
[quote=pip me;2213451]s1 = 1.7422
s2 = 1.7350
s3 = 1.7223

how does everyone else compare to that?[/quote

Hi there pip me. These are my new pivots from ITCharts based on price over period
00:00 to 24:00 GMT
R2 17763
R1 17646
P 17561
S1 17433
S2 17358 http://www.forexfactory.com/images/icons/icon7.gif
  • #87,306
  • Sep 11, 2008 7:14am Sep 11, 2008 7:14am
Quoting nAVIN2007
just made 15 pips.......eww felt like 100 ......lol....i sold right at the top of the dailly and thought maybe it might retrace to make a higher high..best take the 15...
Can't lose if you're always taking profit.
USD Est Non Mortuus
  • #87,307
  • Sep 11, 2008 7:15am Sep 11, 2008 7:15am
..
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  • #87,308
  • Sep 11, 2008 7:17am Sep 11, 2008 7:17am
[quote=Chris_35;2213568]
Quoting pip me
s1 = 1.7422
s2 = 1.7350
s3 = 1.7223

how does everyone else compare to that?[/quote

Hi there pip me. These are my new pivots from ITCharts based on price over period
00:00 to 24:00 GMT
R2 17763
R1 17646
P 17561
S1 17433
S2 17358 http://www.forexfactory.com/images/icons/icon7.gif
maybe it''s just the time frame, I am on +8 GMT
  • #87,309
  • Sep 11, 2008 7:19am Sep 11, 2008 7:19am
Quoting LuckyLurker
Can't lose if you're always taking profit.

yeah thats what i was doing better and it was working..so im sticking to it...it was a goosd sell thou....especially if it breeaks the bottom now....lol

only the double bottom on 4 hr kinda scares me a bit
  • #87,310
  • Sep 11, 2008 7:22am Sep 11, 2008 7:22am
Hi nAVIN. I let my 3 shorts run to -110 -90 and -70 because like you, as mentioned in a previous post your stops were too tight especially the way cable performs. But now I need this baby to come back down or I in deep doo dah. lol
  • #87,311
  • Sep 11, 2008 7:24am Sep 11, 2008 7:24am
Quoting nAVIN2007
yeah thats what i was doing better and it was working..so im sticking to it...it was a goosd sell thou....especially if it breeaks the bottom now....lol

only the double bottom on 4 hr kinda scares me a bit
No worries.. nice trade none the less.
USD Est Non Mortuus
  • #87,312
  • Sep 11, 2008 7:31am Sep 11, 2008 7:31am
[quote=Chris_35;2213568]
Quoting pip me
s1 = 1.7422
s2 = 1.7350
s3 = 1.7223

how does everyone else compare to that?[/quote

Hi there pip me. These are my new pivots from ITCharts based on price over period
00:00 to 24:00 GMT
R2 17763
R1 17646
P 17561
S1 17433
S2 17358 http://www.forexfactory.com/images/icons/icon7.gif
try this
Attached File(s)
File Type: mq4 Daily FiboPivots.mq4   16 KB | 277 downloads
Don't chase the market, Let the market come to you
  • #87,313
  • Sep 11, 2008 7:32am Sep 11, 2008 7:32am
Quoting Chris_35
Hi nAVIN. I let my 3 shorts run to -110 -90 and -70 because like you, as mentioned in a previous post your stops were too tight especially the way cable performs. But now I need this baby to come back down or I in deep doo dah. lol
i know its a small time frame but its seem to be retracing up and now it will either make a double top..good sign for u or break the high and if it breaks the high..i dont know if it will sink...basically a critical point

good luck bro..
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  • #87,314
  • Sep 11, 2008 7:33am Sep 11, 2008 7:33am
[quote=Tmac;2213609]
Quoting Chris_35

try this
cheers, will do
  • #87,315
  • Sep 11, 2008 7:39am Sep 11, 2008 7:39am
[quote=pip me;2213586]
Quoting Chris_35
maybe it''s just the time frame, I am on +8 GMT
which broker you use?
  • #87,316
  • Sep 11, 2008 7:40am Sep 11, 2008 7:40am
[quote=Tmac;2213609]
Quoting Chris_35

try this
Thanks alot man
  • #87,317
  • Sep 11, 2008 7:41am Sep 11, 2008 7:41am
[quote=nAVIN2007;2213611]i know its a small time frame but its seem to be retracing up and now it will either make a double top..good sign for u or break the high and if it breaks the high..i dont know if it will sink...basically a critical point

good luck bro.

Cheers navhttp://www.forexfactory.com/images/icons/icon14.gif
  • #87,318
  • Sep 11, 2008 7:45am Sep 11, 2008 7:45am
[quote=Ritz;2213625]
Quoting pip me

which broker you use?
alpari US
  • #87,319
  • Sep 11, 2008 7:47am Sep 11, 2008 7:47am
i guess my +8 GMT doesn't come in to play then...
  • #87,320
  • Sep 11, 2008 7:52am Sep 11, 2008 7:52am
could be down from here, but I could be wrong
PIPPED TO THE LINE
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