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Cable Update (GBPUSD)

  • #134,961
  • Jun 1, 2009 11:34am Jun 1, 2009 11:34am
Quoting Angelina
yeah but g/u 1h chart watchout many resistance for short right there.

good luck.
this is just a scalping technique and if i held the trade it would be 50 pips already...but im just like a carpenter building steps, building 1 step at a time...
  • #134,962
  • Jun 1, 2009 11:39am Jun 1, 2009 11:39am
Quoting deboooo2005
hi

my view
I think the longer term 38.2 fib will be a stronger resistance for this week.
  • #134,963
  • Jun 1, 2009 12:00pm Jun 1, 2009 12:00pm
Quoting jack.canadia
I think the longer term 38.2 fib will be a stronger resistance for this week.
Hello jack my friend

i think right now main resistance is 1.6680 but wait to see 1.6500 break

attach your chart
  • #134,964
  • Jun 1, 2009 12:10pm Jun 1, 2009 12:10pm
Showing a bounce near the MR3 Pivot at 1.6428. I would honestly like to see this thing break down to 1.6300 area before deciding whether to long it or short it. Long possibilty if it closes above 1.6502 (the R3 pivot). Staying out for now.
Show me the PIPS!
  • #134,965
  • Jun 1, 2009 12:13pm Jun 1, 2009 12:13pm
I also short at 1.6465 st at 6495 tp @ 6355 hope it works.
already move sl to BE.

But I still wait to go long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30mins gu.jpg Size: 97 KB
Click to Enlarge Name: gu.dayly.jpg Size: 229 KB
  • #134,966
  • Jun 1, 2009 12:14pm Jun 1, 2009 12:14pm
Quoting sofia101
on a bear train south but the first serious stop to this run I see at 1.6850,just my 2 cents

Nice to see you back again..
  • #134,967
  • Jun 1, 2009 1:09pm Jun 1, 2009 1:09pm
Quoting deboooo2005
Hello jack my friend

i think right now main resistance is 1.6680 but wait to see 1.6500 break

attach your chart
First chart shows an old gap from 2003 that price is currently playing around in.

38.2% retracemtn from 2.11 at 1.6425
Weekly R2 pivot is at 1.6475
Psychological 1.6500

It won't reverse from here until it reverses. It would be nice if it surges to the 50% target and 1.70 level and its very possible. It's also possible to fall from here and bounce higher from a lower price.

So I feel this is a strong area of resistance for now.

White rectangle on monthly is the old gap I showed on the weekly chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: old gap.gif Size: 34 KB
Click to Enlarge Name: gu mnth.gif Size: 37 KB
  • #134,968
  • Jun 1, 2009 1:25pm Jun 1, 2009 1:25pm
Just want to post my reply in this very good page Number.. 8999... http://www.forexfactory.com/images/icons/icon10.gif
  • #134,969
  • Jun 1, 2009 1:28pm Jun 1, 2009 1:28pm
Quoting jack.canadia
First chart shows an old gap from 2003 that price is currently playing around in.

38.2% retracemtn from 2.11 at 1.6425
Weekly R2 pivot is at 1.6475
Psychological 1.6500

It won't reverse from here until it reverses. It would be nice if it surges to the 50% target and 1.70 level and its very possible. It's also possible to fall from here and bounce higher from a lower price.

So I feel this is a strong area of resistance for now.

White rectangle on monthly is the old gap I showed on the weekly chart.

I see that august 2003 Gap already filled
  • #134,970
  • Jun 1, 2009 1:32pm Jun 1, 2009 1:32pm
Quoting deboooo2005
I see that august 2003 Gap already filled
Of course but if you look at any old gap, filled or un filled, there is always a price reaction to it .. 3730, 4230, and 5150 are some examples. These can be seen on the daily chart. Even those they have been filled, they still serve as support and resistance.
  • #134,971
  • Jun 1, 2009 1:33pm Jun 1, 2009 1:33pm
I am not picking direction, just outlining what is in her way for now.
  • #134,972
  • Jun 1, 2009 1:40pm Jun 1, 2009 1:40pm
Quoting jack.canadia
Of course but if you look at any old gap, filled or un filled, there is always a price reaction to it .. 3730, 4230, and 5150 are some examples. These can be seen on the daily chart. Even those they have been filled, they still serve as support and resistance.
cable will test today high soon ... if it broke 1.6500 we will see 1.6680
  • #134,973
  • Jun 1, 2009 1:40pm Jun 1, 2009 1:40pm
Im out for now. Have some text alerts set so ill be back if they are sent to my phone.

See yas later.
  • #134,974
  • Jun 1, 2009 1:42pm Jun 1, 2009 1:42pm
Quoting deboooo2005
cable will test today high soon ... if it broke 1.6500 we will see 1.6680
Then we'll short there

1.65 may put up a good fight though.
  • #134,975
  • Jun 1, 2009 1:48pm Jun 1, 2009 1:48pm
Quoting 4xHero
shorted from 95 for 20 pips, here is some info for u guys...when GU hits 95 it almost always goes down when coming to a round number or spikes past it to 09 and then down from there...u just have to look for how the price is moving to determine what will happen, just a good scalping technique for u guys to keep in mind.
please could u explain d above scalping technique bout hitting d 95 and all dat stuff,,,,please,,,,,,,,,,,,,,,,,,,,,
  • #134,976
  • Jun 1, 2009 1:50pm Jun 1, 2009 1:50pm
Ah ok if the weekly closes below the 38.2 = bearish for now.

If it closes above the 38.2, then bullish.

Thats my weekly, what do you call it, forecast
  • #134,977
  • Jun 1, 2009 2:16pm Jun 1, 2009 2:16pm
Quoting jack.canadia
Ah ok if the weekly closes below the 38.2 = bearish for now.

If it closes above the 38.2, then bullish.

Thats my weekly, what do you call it, forecast

I agree with you. My weekly chart show the same as.. let see..
  • #134,978
  • Jun 1, 2009 2:25pm Jun 1, 2009 2:25pm
well weekly end at ?
  • #134,979
  • Jun 1, 2009 4:22pm Jun 1, 2009 4:22pm
jack jack
where she goes still confusing
  • #134,980
  • Jun 1, 2009 4:42pm Jun 1, 2009 4:42pm
Hello
Does someone knows if there is broker with MT4 platform that offers Dollar Index? Thanks
The Market pays you to be disciplined
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