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Cable Update (GBPUSD)

  • #128,821
  • Apr 2, 2009 7:33pm Apr 2, 2009 7:33pm
Probably our Stop Losses Jack...!

I think that was a bad "Edge" we had there Jack,
to go "Short" my friend... It was like, trying to
short into a big wall,
Like walking right towards the Herd...!

Anyway,
'Shutten err back down in a bit,
Have a great night,

Jeff !
I will work to Objectively Identify my Edges
  • #128,822
  • Apr 2, 2009 7:34pm Apr 2, 2009 7:34pm
GBP/USD just formed a spot-on double top.

I am short from 1.4765 with stop at BE.
  • #128,823
  • Apr 2, 2009 7:35pm Apr 2, 2009 7:35pm
Quoting TerpFan2
Probably our Stop Losses Jack...!

I think that was a bad "Edge" we had there Jack,
to go "Short" my friend... It was like, trying to
short into a big wall,
Like walking right towards the Herd...!

Anyway,
'Shutten err back down in a bit,
Have a great night,

Jeff !
My stop was a bit wider than the last move. I kind of expected this since we didnt make a true second test of the highs. I hope thats it and we begin a nice fall towards my target.
  • #128,824
  • Apr 2, 2009 7:37pm Apr 2, 2009 7:37pm
Just the reaction we need to look for off a level! Amazing!

Anyone wanting to take a shot I recommend going short on a 50-61.8% retracement back up to the highs with a stop above the high or wherever you feel most comfortable.
  • #128,825
  • Apr 2, 2009 8:09pm Apr 2, 2009 8:09pm
Quoting jack.canadia
My stop was a bit wider than the last move. I kind of expected this since we didnt make a true second test of the highs. I hope thats it and we begin a nice fall towards my target.
Yeah Jack,
I see @least for me w/MB she Respected the Chart high
i had @1.4778 hitting only "1.4772".
-
I had my stop higher, @first, but changed it when she dropped
w/the dow. She''s coming back down towards ya now, but i dunno...

Though i first saw a "retrace",
I think London will probably push it one more day,
Best of luck...
'Wish you the best on your soldier, sent out...

Jeff !
I will work to Objectively Identify my Edges
  • #128,826
  • Apr 2, 2009 8:22pm Apr 2, 2009 8:22pm
Quoting TerpFan2
Yeah Jack,
I see @least for me w/MB she Respected the Chart high
i had @1.4778 hitting only "1.4772".
-
I had my stop higher, @first, but changed it when she dropped
w/the dow. She''s coming back down towards ya now, but i dunno...

Though i first saw a "retrace",
I think London will probably push it one more day,
Best of luck...
'Wish you the best on your soldier, sent out...

Jeff !
Morning guys, Gee I really slept in today, 12 pm for my effort....

You can't beat a better entry point than that I'm going to sit out for the rest of today until NFP. Depending on where the market is just before NFP, probably place a stop buy order just above 1.4778, if not buy on dips.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,827
  • Apr 2, 2009 11:25pm Apr 2, 2009 11:25pm
Quoting Hasnaa
dear brother !
what is your idea about continuing of long mood...!?
what will be the second target...!?

Second target :1.5085 - 1.5136
  • #128,828
  • Edited Apr 3, 2009 1:12am Apr 2, 2009 11:30pm | Edited Apr 3, 2009 1:12am
Lets talk harmonic.... oh noooooo!!!! LOL

The thing is basic, working whit fibs ratio.... so new....

-----------

Z pattern do a 100% move then correct max 88.6% then extend 1.27/1.414 or 1.618% (sometimes a little more).

W or M pattern do a 100% move then a correction of maximum 88.6% but are stop on the return at the top/bottom of AB move around the 88.6 or 78.6%, stoping any extension.

So why am i talking about those "boring" thing?!? Because cable after that kind of rally can see a correction...

We had a 100% move making a double top, what can we expect....

1-Correction of max 88.6% or less like 38.2%
2-Extension of 1.27 or more

Sound so easy... LOL

Later all!

http://www.forexfactory.com/attachme...1&d=1238738582
  • #128,829
  • Apr 3, 2009 12:08am Apr 3, 2009 12:08am
Looks like Major resistance @ 47714 according to my charts. I see a possible retracement back to around the 45188 Fib level from 30th march low .
Attached Image
  • #128,830
  • Apr 3, 2009 1:01am Apr 3, 2009 1:01am
I have a buy limit order in GBPUSD at 1.4645, it's possible ?
  • #128,831
  • Apr 3, 2009 1:15am Apr 3, 2009 1:15am
Lying under 62 ema on 15TF, it can shoot up or down from there... 200 ema is at 1.4580 area... if not entry 1.4707 for...
  • #128,832
  • Apr 3, 2009 1:48am Apr 3, 2009 1:48am
April 2009
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 39 KB
  • #128,833
  • Apr 3, 2009 2:05am Apr 3, 2009 2:05am
Buy above 1.4749 or Sell below 1.4690....Remember to put your Stop Loss

just my idea
  • #128,834
  • Apr 3, 2009 2:11am Apr 3, 2009 2:11am
Here is my 1hr cable chart...Shorted around 4740...TP 4500...Looking to buy around 4500-4450.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-04-02_2327.png Size: 36 KB
Going to make it big by age 21.
  • #128,835
  • Apr 3, 2009 2:12am Apr 3, 2009 2:12am
Quoting Fx1618
Finally
GMT 0800 - 01/04

Bias - long
Trade - Long @ 1.4370

LONG - 4hr - Price above 50EMA & 10EMA Envelopes
LONG - 1hr - Price above 50EMA & 10EMA Envelopes
LONG - 30min - Price above 50EMA & 10EMA Envelopes

*** Caution as MTF 5EMA still not completely in a Long

out for 300+

Will update when the next trade is setup
  • #128,836
  • Apr 3, 2009 2:12am Apr 3, 2009 2:12am
Pitchfork....
Attached Image (click to enlarge)
Click to Enlarge Name: pitc.jpg Size: 98 KB
  • #128,837
  • Apr 3, 2009 2:45am Apr 3, 2009 2:45am
Quoting dstryr
Here is my 1hr cable chart...Shorted around 4740...TP 4500...Looking to buy around 4500-4450.
Nice. Im short from 4765 and 4731, target 4575.

Recent bounce was off the daily pivot. Important now to stay below and close below the hourly 21 ema then its off to the races!
  • #128,838
  • Apr 3, 2009 2:52am Apr 3, 2009 2:52am
Quoting jack.canadia
Nice. Im short from 4765 and 4731, target 4575.

Recent bounce was off the daily pivot. Important now to stay below and close below the hourly 21 ema then its off to the races!
Nice entry points Jack.... esp 4765
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,839
  • Apr 3, 2009 3:10am Apr 3, 2009 3:10am
Morning from the U.K.!
Got some of that rise yesterday, but not as much as I should have. Tough call today. Day's trend so far is down, so might be a case of selling the highs, unless it breaks yesterdays top. We have some UK housing data out soon, but this is, of course followed by NFP your side. Either one could surprise to the upside. Flat at the moment, so I'll wait for the housing data. If I was short, I doubt that I'd close just yet.
This is a helpful forum by the way, moreso than any UK site I've found. Your input is much appreciated.
  • #128,840
  • Apr 3, 2009 3:14am Apr 3, 2009 3:14am
Spiked as I was typing that!
Can't take your eye off the ball.
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