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Cable Update (GBPUSD)

  • #135,261
  • Jun 3, 2009 5:44am Jun 3, 2009 5:44am
would like to see that 1.667x resistance get tested, on my chart it went to 1.6661 then failed. seem pretty imcomplete to have a retrace
Lets Soar The Sky
  • #135,262
  • Jun 3, 2009 5:46am Jun 3, 2009 5:46am
Quoting soartosky
would like to see that 1.667x resistance get tested, on my chart it went to 1.6661 then failed. seem pretty imcomplete to have a retrace
it will test 1.6670 region again. Definately. I have stopped thinking about SHORT this and SHORT that. Watch the pips roll in.
You've got to be IN IT to WIN IT!
  • #135,263
  • Jun 3, 2009 5:46am Jun 3, 2009 5:46am
US market might heating hard on GB , as the data still havent release ( still have to wait us market open )

Any suggestio0n / inside info anyone for evening Market movement??
  • #135,264
  • Jun 3, 2009 6:01am Jun 3, 2009 6:01am
I guess this thread is dead for the day ?
  • #135,265
  • Jun 3, 2009 6:01am Jun 3, 2009 6:01am
Quoting Bones
Hey Global ,
Im good buddy
I would call that a Petrifying Harami ,but they all mean the same thing ,Its only the 1 hour mind I think at this stage daily confirmation at least.There really is nothing bullish yet about that $ chart posted above.
But I have been waiting for daily cable 1.6672 res....it is a pretty good place for change
If it keeps on rolling like this thru close, would make for something like an evening star on the daily.
Hear the music before the song is over ...
  • #135,266
  • Jun 3, 2009 6:03am Jun 3, 2009 6:03am
Quoting GlobalMacro
Rally from 1.6192 on sunday worked out very nicely.
Time for correction now?
I see a hanging man on H1 boding a potential short term reversal....

Hi Global

You are doing impressive trades. Question on the chart - are you normally using the 1 hour to determine reversals like this?
  • #135,267
  • Jun 3, 2009 6:10am Jun 3, 2009 6:10am
Quoting I like steak
Hi Global

You are doing impressive trades. Question on the chart - are you normally using the 1 hour to determine reversals like this?
Hi I

Thanks.
H1 is my minimum TF and upwards. I also use a portfolio of systems looking for PA-Imbalances...
Hear the music before the song is over ...
  • #135,268
  • Jun 3, 2009 6:25am Jun 3, 2009 6:25am
I agree, Tony, the dollar looking increasingly bright...potentially a morning star on the horizon here...
Attached Image (click to enlarge)
Click to Enlarge Name: dollar.gif Size: 10 KB
Hear the music before the song is over ...
  • #135,269
  • Jun 3, 2009 6:37am Jun 3, 2009 6:37am
OK. Bought at 1.6560 earlier but the market has gone downhill, however, still in the trade anyway. Bought 1 contract $10 at 1.6492 so should make good return on this trade by the end of the day.

Both of the 5 min and 1 min charts are showing oversold. Should start going up from here.
You've got to be IN IT to WIN IT!
  • #135,270
  • Jun 3, 2009 6:41am Jun 3, 2009 6:41am
Quoting Ifty
OK...
Careful if placing new trades friend. There's a lot of selling pressure atm & not to mention the flurry of data due in a while.

Good luck.
Thank You
  • #135,271
  • Jun 3, 2009 6:43am Jun 3, 2009 6:43am
Maybe Global ,my target is lower ,but I am waiting for a sign.The $ bearishness has shocked me as much as anyone.


Quoting GlobalMacro
I agree, Tony, the dollar looking increasingly bright...potentially a morning star on the horizon here...
Attached Image (click to enlarge)
Click to Enlarge Name: 50) usdx d1 3nd june.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,272
  • Jun 3, 2009 6:45am Jun 3, 2009 6:45am
Quoting wormboy
Careful if placing new trades friend. There's a lot of selling pressure atm & not to mention the flurry of data due in a while.

Good luck.
OK wormboy, I will bear it in mind. Today has been a success overall but things can change dramatically as has happened numerous of times. DAM my adrenaline is pumping.
You've got to be IN IT to WIN IT!
  • #135,273
  • Jun 3, 2009 6:46am Jun 3, 2009 6:46am
Tony, how's it going mate? All ready to dive today?
Thank You
  • #135,274
  • Jun 3, 2009 6:57am Jun 3, 2009 6:57am
lol well im not in right now,so I hope it goes in your favor Azim,I would buy the dip tho.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,275
  • Jun 3, 2009 6:59am Jun 3, 2009 6:59am
Quoting Bones
Maybe Global ,my target is lower ,but I am waiting for a sign.The $ bearishness has shocked me as much as anyone.
I hear you...definitely...in the medium-term cable's still a raging bull...but it's probably good for a quick retracement.
Hear the music before the song is over ...
  • #135,276
  • Jun 3, 2009 7:01am Jun 3, 2009 7:01am
Quoting GlobalMacro
I agree, Tony, the dollar looking increasingly bright...potentially a morning star on the horizon here...

global, where do you get the dollar index feed? I have it as an indicator that attaches to my normal charts, but I would prefer it as a straight chart - can you help?
  • #135,277
  • Jun 3, 2009 7:02am Jun 3, 2009 7:02am
lol, me neither. Hasn't reached the level which I would start to short the crap out of her yet tbh, so I'm just waiting on the sidelines like you mate. No buying for me unless price close above 6600.
I am however selling dragon

Have a good one tony
Thank You
  • #135,278
  • Jun 3, 2009 7:14am Jun 3, 2009 7:14am
Any experienced elliotician out there? What's the guideline on fib retracement % on a B wave againt A wave?
  • #135,279
  • Jun 3, 2009 7:18am Jun 3, 2009 7:18am
You could try Forex ltd ,demo mt4

Quoting pockets99
global, where do you get the dollar index feed? I have it as an indicator that attaches to my normal charts, but I would prefer it as a straight chart - can you help?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,280
  • Jun 3, 2009 7:33am Jun 3, 2009 7:33am
current long from 1hr
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