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Cable Update (GBPUSD)

  • #135,141
  • Jun 2, 2009 10:49am Jun 2, 2009 10:49am
Quoting jack.canadia
Can look to short a failure at 6670 .. old daily high and monthly R1 pivot point.
hi jack
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  • #135,142
  • Jun 2, 2009 11:05am Jun 2, 2009 11:05am
shorting cable to 16531 level

check out this post for my naked analysis

http://www.forexfactory.com/showpost...stcount=104401
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #135,143
  • Jun 2, 2009 11:40am Jun 2, 2009 11:40am
Quoting deboooo2005
hi jack
hey man..

ya we have the same area in mind .. grabbed +10 on that other short last night

this one coming up may be it! let's see
  • #135,144
  • Jun 2, 2009 11:50am Jun 2, 2009 11:50am
Look for resistance between 6600-6700 .. A short as close to 6700 would be best with a stop just above.

Below is my plan to take a short. This weeks close will be important.
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  • #135,145
  • Jun 2, 2009 11:53am Jun 2, 2009 11:53am
Quoting jack.canadia
Look for resistance between 6600-6700 .. A short as close to 6700 would be best with a stop just above.

Below is my plan to take a short. This weeks close will be important.
hey jack, quick question...which site is a good site to get all that info about daily, weekly, monthly pivots and support resistance...thanks
  • #135,146
  • Jun 2, 2009 12:05pm Jun 2, 2009 12:05pm
I wait around 1.6500 area to long. How you guys think?
  • #135,147
  • Jun 2, 2009 12:06pm Jun 2, 2009 12:06pm
Quoting 4xHero
hey jack, quick question...which site is a good site to get all that info about daily, weekly, monthly pivots and support resistance...thanks
http://blogs.fxstreet.com/fxbootcamp/

scroll down the page a bit... every week they up date the weekly pivots and every month the monthly ones .. also watch some of their videos too if u get a chance, ive learned alot from them

for daily, if you use metatrader i can give you an indicator .. if not

http://www.fxstreet.com/technical/cu...spx?id=GBP/USD

scroll down and under technical studies youll see pivot points .. you want to look at the classic pivots, not camarilla
  • #135,148
  • Jun 2, 2009 12:07pm Jun 2, 2009 12:07pm
Quoting Angelina
I wait around 1.6500 area to long. How you guys think?
Yeah there or 6550 area, whichever holds.
  • #135,149
  • Jun 2, 2009 12:08pm Jun 2, 2009 12:08pm
It is going up!
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  • #135,150
  • Jun 2, 2009 12:25pm Jun 2, 2009 12:25pm
Quoting jack.canadia
http://blogs.fxstreet.com/fxbootcamp/

scroll down the page a bit... every week they up date the weekly pivots and every month the monthly ones .. also watch some of their videos too if u get a chance, ive learned alot from them

for daily, if you use metatrader i can give you an indicator .. if not

http://www.fxstreet.com/technical/cu...spx?id=GBP/USD

scroll down and under technical studies youll see pivot points .. you want to look at the classic pivots, not camarilla
Thanks much appreciated.
  • #135,151
  • Jun 2, 2009 4:39pm Jun 2, 2009 4:39pm
Quoting wormboy
Btw, I did say IF cable don't close above 6600 there's a possibility we tank back to 5300.
Now, let's see if we slide from here on. Good luck everyone
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Thank You
  • #135,152
  • Jun 2, 2009 4:44pm Jun 2, 2009 4:44pm
Quoting wormboy
Now, let's see if we slide from here on. Good luck everyone
i agree with pt 1,5350,but return point i think 1,6700-50
  • #135,153
  • Jun 2, 2009 4:55pm Jun 2, 2009 4:55pm
Quoting paul czech
i agree with pt 1,5350,but return point i think 1,6700-50
How are you getting that GU will/can hit 1.5350?
  • #135,154
  • Jun 2, 2009 5:15pm Jun 2, 2009 5:15pm
Quoting paul czech
i agree with pt 1,5350,but return point i think 1,6700-50
not yet .. i think one more leg up, and then down .. we have gbp bank rate and NFP this week.. either could drive it up there

but ya 5350 is an amazing downside target and then reverse to go long
  • #135,155
  • Jun 2, 2009 7:50pm Jun 2, 2009 7:50pm
Quoting Bones
Do you trade candlesticks?

Sorry for the late reply. I went to sleep

Yes, but not that good yet. That is price ation right? I'm trying avoid indicators, just CCI...So far it is easier...and hopefully be able to trade long term maybe 200, 300 pips. I want to be able to trade 1000pips someday.

I entered long last night I'm up just 47 pips base from the breakout at 1.6510...
Never Stop Learning...
  • #135,156
  • Jun 2, 2009 8:01pm Jun 2, 2009 8:01pm
anybody going long @1.6562 , TP : 100+ ?
( hope to see next 2-3 hours. for a good rally to south ) ??

  • #135,157
  • Jun 2, 2009 8:05pm Jun 2, 2009 8:05pm
BUY LIMIT 16460 ADDED 16370 TP 1.72xx
  • #135,158
  • Jun 2, 2009 8:16pm Jun 2, 2009 8:16pm
Here is my trade levels

http://2.bp.blogspot.com/_Xhqd2VXH_X...600/forex3.gif

____________________

support resistance

.
  • #135,159
  • Jun 2, 2009 10:46pm Jun 2, 2009 10:46pm
Quoting Angelina
Becareful its trend could up to 50% retracement 1.68 in my dayly chart.
There we go 1.68 is coming up for 50% retracement.
I will wait there and short.

How you guys think?
  • #135,160
  • Jun 2, 2009 10:52pm Jun 2, 2009 10:52pm
Quoting Angelina
There we go 1.68 is coming up for 50% retracement.
I will wait there and short.

How you guys think?
I think 1.7332 is the 50% retracement in Monthly TF.
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