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Cable Update (GBPUSD)

  • #134,861
  • Jun 1, 2009 4:23am Jun 1, 2009 4:23am
short 1,6369 tp 1,6289 sl 1,6449
  • #134,862
  • Jun 1, 2009 4:24am Jun 1, 2009 4:24am
is this the beginning on the falling of GU?? 1.6410 is a very good resistance.. and looks like gu cannot pushing above it..
  • #134,863
  • Jun 1, 2009 4:28am Jun 1, 2009 4:28am
Sorry forgot to post this earlier but 6430 is 38% daily if u pull fibs from that 2.11 level to the lowest level...was a very good scalping point.
  • #134,864
  • Jun 1, 2009 4:31am Jun 1, 2009 4:31am
Quoting paul czech
short 1,6369 tp 1,6289 sl 1,6449
it's only beginning this monster weakup

I can't see candle/indicator signal for Short.
  • #134,865
  • Jun 1, 2009 4:32am Jun 1, 2009 4:32am
Quoting 4xHero
Sorry forgot to post this earlier but 6430 is 38% daily if u pull fibs from that 2.11 level to the lowest level...was a very good scalping point.
If cable manages to push pass that, then it's 1.6827 then towards 1.73.....Will it or will it not? I can't see it in my wavecount at this point in time. Time will tell.
  • #134,866
  • Jun 1, 2009 4:36am Jun 1, 2009 4:36am
Quoting 4xHero
Sorry forgot to post this earlier but 6430 is 38% daily if u pull fibs from that 2.11 level to the lowest level...was a very good scalping point.
Thanks, then around 1.6410- 1.6430 is a very good resistance... anyone holding a short? i'm still looking for a good entry for short...
  • #134,867
  • Jun 1, 2009 4:59am Jun 1, 2009 4:59am
Still around to 1.6419 panic
  • #134,868
  • Jun 1, 2009 5:02am Jun 1, 2009 5:02am
Quoting mloistianto
Thanks, then around 1.6410- 1.6430 is a very good resistance... anyone holding a short? i'm still looking for a good entry for short...
Waiting for a confirmation on H1 for short...
Never Stop Learning...
  • #134,869
  • Jun 1, 2009 6:00am Jun 1, 2009 6:00am
Yes,,,it was my TP for a buy order from 1.4790

and now wait to buy again,,,as we will break it after 1 hour

Let 's see

Quoting 4xHero
Sorry forgot to post this earlier but 6430 is 38% daily if u pull fibs from that 2.11 level to the lowest level...was a very good scalping point.
  • #134,870
  • Jun 1, 2009 6:26am Jun 1, 2009 6:26am
Iam long on cable for 1,6367 TP 1,6380
{Promotion Removed}
  • #134,871
  • Jun 1, 2009 6:29am Jun 1, 2009 6:29am
My reversed Elliott wave count for 1 min chart..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m1.gif Size: 12 KB
  • #134,872
  • Jun 1, 2009 6:29am Jun 1, 2009 6:29am
iam out +10 pips

Regards
{Promotion Removed}
  • #134,873
  • Jun 1, 2009 6:42am Jun 1, 2009 6:42am
Given a sell on 6358, TP 6315. Lets see how it works out!
Attached Image (click to enlarge)
Click to Enlarge Name: gpusd.gif Size: 10 KB
ABCD..
  • #134,874
  • Jun 1, 2009 6:48am Jun 1, 2009 6:48am
we have been looking for opportunities to be short of this pair as well, and have established a fresh short on Monday after gains showed signs of stalling above 1.6400. Shorter-term, hourly studies are overbought and the daily ATR (Average True Range) has already been well exceeded on the day, to make the counter-trend short position very attractive on an intraday basis. Longer-term, the market has now retraced to the 38.2% fib retrace off of the major multi-year high-lows and we would expect to see some form of capitulation at current levels in light of the major retracement level. Finally, the daily RSI has broken above the 80 level which is now severely overbought and warning of a much needed and healthy corrective pullback. We have left our objective open and will be looking for an RSI move back towards 70 (currently 81) over the coming days. Position: SHORT @1.6407 FOR AN OPEN OBJECTIVE, STOP @1.6687.

I think the objective will be 1.6085.. what you guys think?
  • #134,875
  • Jun 1, 2009 7:13am Jun 1, 2009 7:13am
i open short post because H4 have doji candle.
  • #134,876
  • Jun 1, 2009 7:16am Jun 1, 2009 7:16am
Quoting peyi
i open short post because H4 have doji candle.
what is doji candle,thanks
  • #134,877
  • Jun 1, 2009 7:18am Jun 1, 2009 7:18am
Quoting peyi
i open short post because H4 have doji candle.
Doji is always cheating us and we'd better not trade it until double top forms.
Take Profit is only one thing while Stop Loss means everything
  • #134,878
  • Jun 1, 2009 7:18am Jun 1, 2009 7:18am
Quoting paul czech
what is doji candle,thanks
Doji candle is a candle that has a short body and long tail..
  • #134,879
  • Jun 1, 2009 7:22am Jun 1, 2009 7:22am
Quoting aboofan
Doji is always cheating us and we'd better not trade it until double top forms.
double top on 1m tf??
  • #134,880
  • Jun 1, 2009 7:24am Jun 1, 2009 7:24am
aint see any doji where it is ?
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