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Cable Update (GBPUSD)

  • #135,061
  • Jun 2, 2009 3:06am Jun 2, 2009 3:06am
Big picture monthly is running into res but has kicked off bullish ,last month shows power of bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: 23) gbp usd monthly 2st june.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,062
  • Jun 2, 2009 3:13am Jun 2, 2009 3:13am
The pound has made some significant moves which tells us the medium term target is higher.
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Click to Enlarge Name: 24) gbp lfx d1 2st june.gif Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,063
  • Jun 2, 2009 3:17am Jun 2, 2009 3:17am
Main trend is up and very strong
since it started it had broken 2 4hr divergences
it raised against bad news for GBP/eurozone
so DONT FIGHT AGAINST TREND.
Wish u the best!
ps. as for me i wont short until i will see a divergence on daily
this i believe a season trend (sorry for my poor english)
(but i'm long term trader)
  • #135,064
  • Jun 2, 2009 3:18am Jun 2, 2009 3:18am
Quoting kingindian
cant believe that i MISSED IT again....
im entry at 6340 but drop it at 6350....

Missed it too... Take Heart. Up Trend now well Defined... From Tom De'Mark Trendline Analsis... We are in an "UP-TREND". Hope so Lets count now 1,2,3,... 13.

SHORT=-30pips. Blow-out my SL
LONG=+25pips... @ 1.6385
  • #135,065
  • Jun 2, 2009 3:21am Jun 2, 2009 3:21am
Quoting Reznik
Missed it too... Take Heart. Up Trend now well Defined... From Tom De'Mark Trendline Analsis... We are in an "UP-TREND". Hope so Lets count now 1,2,3,... 13.

SHORT=-30pips. Blow-out my SL
LONG=+25pips... @ 1.6385


Remember the Signal is "SHORT"...
  • #135,066
  • Jun 2, 2009 3:23am Jun 2, 2009 3:23am
Quoting Bones
Big picture monthly is running into res but has kicked off bullish ,last month shows power of bulls.
I like your chart, very simple. And resistance/support is well noted
Bravo!
  • #135,067
  • Jun 2, 2009 3:27am Jun 2, 2009 3:27am
Quoting Reznik
Remember the Signal is "SHORT"...


If the 4th Bar Breaks the low of 3rd Bar in "UP-TREND". Then a new entry for a LONG is coming... Keep praying...
  • #135,068
  • Jun 2, 2009 3:32am Jun 2, 2009 3:32am
Am out, Leaving an Open Trade...

LONG= +20pips...
  • #135,069
  • Jun 2, 2009 3:38am Jun 2, 2009 3:38am
Quoting Reznik
Am out, Leaving an Open Trade...

LONG= +20pips...


What was that hope U'all are still LONG...
  • #135,070
  • Jun 2, 2009 3:41am Jun 2, 2009 3:41am
well 1.6430 is the main resistance and support line Cable is around 1.6430 since yesterday well wait for the weekly candle to open then see ..
  • #135,071
  • Jun 2, 2009 3:47am Jun 2, 2009 3:47am
Quoting primzvicious
anyone try to long now with stp below 340?
Verily, in every difficulties there is relief
  • #135,072
  • Jun 2, 2009 3:48am Jun 2, 2009 3:48am
If she clears 1.5340 then we should be 90% OK for a long. Else she will fall back into the 1.6410 - 1.6340 range. Thats prety obvious.
  • #135,073
  • Jun 2, 2009 3:49am Jun 2, 2009 3:49am
Quoting Terri1
If she clears 1.5340 then we should be 90% OK for a long. Else she will fall back into the 1.6410 - 1.6340 range. Thats prety obvious.
Sorry 1.6430.
  • #135,074
  • Jun 2, 2009 3:52am Jun 2, 2009 3:52am
Wb Jack
  • #135,075
  • Jun 2, 2009 3:53am Jun 2, 2009 3:53am
Quoting jack.canadia
Im off to bed. Heres something to play with into the london session.

Play a break either way but favor the upside of course.

Good luck.
This made 80 pips to the downside on a break below 6410 .. did anyone play it?
  • #135,076
  • Jun 2, 2009 3:57am Jun 2, 2009 3:57am
Quoting Terri1
If she clears 1.5340 then we should be 90% OK for a long. Else she will fall back into the 1.6410 - 1.6340 range. Thats prety obvious.
1.6476 Weekly R2 next hurdle. Lets see what happens.
  • #135,077
  • Jun 2, 2009 3:58am Jun 2, 2009 3:58am
Quoting "expert"
Hi all.Once again i see many new faces on FF.Happy to see this forex is going on up in that way.Hope others who i don't see still trade.Any way i stoped writing for some time for some my reasons and from time to time make 1 or 2 new one.

To bad i made only 1 long...
Hi all.Last night was a big celebration at my place.We came to weekly 62 ema on cable.Starting point was 3800.

Plan is next.No closing yet.Going for 7000.

Long on euro as well.Hope to see gold above 1000$. see ya all.But if i see on 4 hr big seel,not retrace but sell will close.No charts this timeSee ya

http://www.forexfactory.com/showpost...stcount=132126
http://www.forexfactory.com/showpost...stcount=125412
  • #135,078
  • Jun 2, 2009 4:17am Jun 2, 2009 4:17am
Daily RSI is at 83- been here only 5 times in the last 7 years. It has run 2100 pips without any pull back. I am short at 164.50. SL above 165. Target 161
  • #135,079
  • Jun 2, 2009 4:45am Jun 2, 2009 4:45am
what if we break yesterdays high?
Keep It Simple Stupid
  • #135,080
  • Jun 2, 2009 4:47am Jun 2, 2009 4:47am
Quoting Ferick
Daily RSI is at 83- been here only 5 times in the last 7 years. It has run 2100 pips without any pull back. I am short at 164.50. SL above 165. Target 161
i agree,but i think,that sl i minimal....i think sl 1,66 is ok
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