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Cable Update (GBPUSD)

  • #134,921
  • Jun 1, 2009 10:35am Jun 1, 2009 10:35am
long from 1.6440 ? any one ?
  • #134,922
  • Jun 1, 2009 10:36am Jun 1, 2009 10:36am
Iam out and done trading today
Profit: 141 Pips

Regards
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  • #134,923
  • Jun 1, 2009 10:57am Jun 1, 2009 10:57am
Quoting Yahoomt4
Iam out and done trading today
Profit: 141 Pips

Regards
Nice one bro. Great to hear. Did you get the pips going LONG or SHORT?
You've got to be IN IT to WIN IT!
  • #134,924
  • Jun 1, 2009 10:59am Jun 1, 2009 10:59am
Quoting Ifty
Nice one bro. Great to hear. Did you get the pips going LONG or SHORT?
offcourse long lol...once market went up so since that time not come down even 100 points


Ub
  • #134,925
  • Jun 1, 2009 11:08am Jun 1, 2009 11:08am
Quoting jack.canadia
There is going to be large resistance against the 38.2 .. I see it maybe as high as 6470 but given the past few weeks she will probably surpass that level very easy.

USDCAD had a nice bounce off the 1.08 level. It's too bad it occurred while I was sleeping@! Will check the daily close on that one to determine if I take a position now, same with G/U.
Could break on the next test if there is one but anyone in their right fibonacci minds should expect a pullback from the 38.2 level. Await candle confirmation and we're off on some retracement.
  • #134,926
  • Jun 1, 2009 11:13am Jun 1, 2009 11:13am
Jack u think its down on 1.60 ?
  • #134,927
  • Jun 1, 2009 11:15am Jun 1, 2009 11:15am
Quoting jack.canadia
Could break on the next test if there is one but anyone in their right fibonacci minds should expect a pullback from the 38.2 level. Await candle confirmation and we're off on some retracement.
Hi Jack, I think we are in the minority in thinking that there will be a retracement. I've been shorting at tops all morning and keep getting stopped out at BE or small profits. It's now trying to push through 1.6480.

Technicals are telling me a reversal is due but the trend is not.......Perhaps we haven't hit top as yet. So in the meantime, I'll keep my risk very very low
  • #134,928
  • Jun 1, 2009 11:16am Jun 1, 2009 11:16am
wow reach 16475....
seems it has a big fuel tank.
- Always pray on your trading - God know the best for everyone
  • #134,929
  • Jun 1, 2009 11:19am Jun 1, 2009 11:19am
Quoting 4cfx
Hi Jack, I think we are in the minority in thinking that there will be a retracement. I've been shorting at tops all morning and keep getting stopped out at BE or small profits. It's now trying to push through 1.6480.

Technicals are telling me a reversal is due but the trend is not.......Perhaps we haven't hit top as yet. So in the meantime, I'll keep my risk very very low
I havent been firing off shorts yet. But a longer term 38.2 should be respected so who knows maybe this week we could see a retracement? I stated the 6470 level since it is todays daily M5 pivot point and this week's weekly R2 pivot, plus the 38.2 level and an old gap that I wrote about in a previous post .. this gap is on metatrader weekly chart on october 21, 2003 .. along time ago but it lined up nicely with the 38.2

Trend is strong up and there is no confirmation of the downturn .. We will need a 1-2-3 pattern and then see the number 2 point breakdown
  • #134,930
  • Jun 1, 2009 11:22am Jun 1, 2009 11:22am
we go down.
Thank You
  • #134,931
  • Jun 1, 2009 11:25am Jun 1, 2009 11:25am
Quoting jack.canadia
I havent been firing off shorts yet. But a longer term 38.2 should be respected so who knows maybe this week we could see a retracement? I stated the 6470 level since it is todays daily M5 pivot point and this week's weekly R2 pivot, plus the 38.2 level and an old gap that I wrote about in a previous post .. this gap is on metatrader weekly chart on october 21, 2003 .. along time ago but it lined up nicely with the 38.2

Trend is strong up and there is no confirmation of the downturn .. We will need a 1-2-3 pattern and then see the number 2 point...
Cycle gurus are aiming for within a week to 10 days. Also, according to oanda, asset managers have been buying up USD. We'll see.
  • #134,932
  • Jun 1, 2009 11:25am Jun 1, 2009 11:25am
Quoting wormboy
we go down.
You gotta be right soon dude. I really want to see you nail this damm short!!
  • #134,933
  • Jun 1, 2009 11:31am Jun 1, 2009 11:31am
Quoting riggster
You gotta be right soon dude. I really want to see you nail this damm short!!

Are you laughing at us bears?
  • #134,934
  • Jun 1, 2009 11:40am Jun 1, 2009 11:40am
just catching small fishes today....
well, thats better than loss.
- Always pray on your trading - God know the best for everyone
  • #134,935
  • Jun 1, 2009 11:42am Jun 1, 2009 11:42am
Quoting riggster
You gotta be right soon dude. I really want to see you nail this damm short!!
I am usually right brother
A close above 4700 bears will get crushed.
http://www.forexfactory.com/showpost...postcount=1054


So we'll nail this bugger again this time my friend.
Thank You
  • #134,936
  • Jun 1, 2009 11:43am Jun 1, 2009 11:43am
Let's assume some things ..

1.) A top is soon to be in place for this rally.
2.) The market will pullback.
3.) A bottom has no formed in 1.36xx.

Then...

One of these may be forming, it's called a cup and handle reversal pattern. May offer a nice longer term buying opportunity, and in an ideal world near 5350, the 23.6% level. Imagine that eh!

I am assuming and predicting, please please don't make a trade solely on this observation Just keep this in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: cup and handle.png Size: 229 KB
  • #134,937
  • Jun 1, 2009 11:51am Jun 1, 2009 11:51am
Quoting jack.canadia
Let's assume some things ..
Brother, I bloody love the way you predict
Thank You
  • #134,938
  • Jun 1, 2009 11:52am Jun 1, 2009 11:52am
on a bear train south but the first serious stop to this run I see at 1.6850,just my 2 cents
  • #134,939
  • Jun 1, 2009 11:58am Jun 1, 2009 11:58am
sofia
Thank You
  • #134,940
  • Jun 1, 2009 12:07pm Jun 1, 2009 12:07pm
movement getting slower
my internet or the market itself..
- Always pray on your trading - God know the best for everyone
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