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Cable Update (GBPUSD)

  • #136,201
  • Jun 9, 2009 7:20am Jun 9, 2009 7:20am
Quoting deryworlds
GMT + 7 ( 19.15 )Base on this 4H Chart Today movement Probablities High to 1.6231 while the trigger around 1.6680. But today for 50-100 pts should save entering Sell at 1.6231 .

we used Ichimoku and alligator with stochastic and MA plus ADX fir this analysis

DeryworldscorpOnforex.blogspot.com

that is what i said
Agree with you bro.
I'll take small short at 6230
  • #136,202
  • Jun 9, 2009 7:24am Jun 9, 2009 7:24am
Quoting wormboy
Jack?? What are you on about?
morning .. anyone take a along off 6000? close for +160

for now maybe another leg up and through 6200 to the 50% fib and resistance at 6230/40?
  • #136,203
  • Jun 9, 2009 7:26am Jun 9, 2009 7:26am
Quoting jack.canadia
morning .. anyone take a along off 6000? close for +160

for now maybe another leg up and through 6200 to the 50% fib and resistance at 6230/40?
Sounds good Jack, let's see what happens...
  • #136,204
  • Jun 9, 2009 7:37am Jun 9, 2009 7:37am
Quoting jack.canadia
morning .. anyone take a along off 6000? close for +160

for now maybe another leg up and through 6200 to the 50% fib and resistance at 6230/40?
Jack, for you, what level you consider a break of the 50% fib, to continue up to 61.80 fib? Or maybe going south from 50% fib.
  • #136,205
  • Jun 9, 2009 7:41am Jun 9, 2009 7:41am
Quoting HotPips
Jack, for you, what level you consider a break of the 50% fib, to continue up to 61.80 fib? Or maybe going south from 50% fib.
about 6230 .. it could break it by 30 pips but i care more about an hourly close above or below it to classify it as a true break or not.. above the 50 then yes the 61.8 since it overlaps with resistance as well on the 1 hr..

cant forget that it may retest the highs as well so anything is possible now .. depends what new york traders are gonna decide to do
  • #136,206
  • Jun 9, 2009 7:51am Jun 9, 2009 7:51am
Quoting jack.canadia
about 6230 .. it could break it by 30 pips but i care more about an hourly close above or below it to classify it as a true break or not.. above the 50 then yes the 61.8 since it overlaps with resistance as well on the 1 hr..

cant forget that it may retest the highs as well so anything is possible now .. depends what new york traders are gonna decide to do
Probably, you're gonna be right as always.
  • #136,207
  • Jun 9, 2009 7:52am Jun 9, 2009 7:52am
People on finotec distribute
GBP/USD-market strategy can be a sell from the level 1.6110$
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.
  • #136,208
  • Jun 9, 2009 7:55am Jun 9, 2009 7:55am
Have a nice trade
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #136,209
  • Jun 9, 2009 8:02am Jun 9, 2009 8:02am
any1 short @6225??
only me i guess. I'll move to BE asap b/c NewYork is coming.
  • #136,210
  • Jun 9, 2009 8:03am Jun 9, 2009 8:03am
Quoting Angelina
any1 short @6225??
6220, sl @ just above 6230
  • #136,211
  • Jun 9, 2009 8:09am Jun 9, 2009 8:09am
Quoting jack.canadia
6220, sl @ just above 6230
could be bumpy as i dont see the selling reaction i hoped .. if this doesnt work, 6290 will be my next short, just under the daily r2 pivot
  • #136,212
  • Jun 9, 2009 8:11am Jun 9, 2009 8:11am
Man try to short 1.6330 which is 61 fibo from the up of 1.6661 to the down of 1.5805

But if it close 4 H above this level ( 1.6330 ) , then we will see a break of this 1.6660 level on the way to 1.73XX

Quoting jack.canadia
6220, sl @ just above 6230
  • #136,213
  • Jun 9, 2009 8:12am Jun 9, 2009 8:12am
Quoting jack.canadia
morning .. anyone take a along off 6000? close for +160

for now maybe another leg up and through 6200 to the 50% fib and resistance at 6230/40?
Hi Jack, yes nice one. Your analysis made me look at my chart again!
  • #136,214
  • Jun 9, 2009 8:12am Jun 9, 2009 8:12am
Quoting jack.canadia
6220, sl @ just above 6230
if it breaks here 6330 next
  • #136,215
  • Jun 9, 2009 8:13am Jun 9, 2009 8:13am
Quoting jack.canadia
could be bumpy as i dont see the selling reaction i hoped .. if this doesnt work, 6290 will be my next short, just under the daily r2 pivot
I think she will go for 6250, daily resistance plus 50% fib long term trend.
  • #136,216
  • Jun 9, 2009 8:14am Jun 9, 2009 8:14am
Quoting mohfaid
Man try to short 1.6330 which is 61 fibo from the up of 1.6661 to the down of 1.5805

But if it close 4 H above this level ( 1.6330 ) , then we will see a break of this 1.6660 level on the way to 1.73XX
Dont tell me how to enter

I lost 12 pips, im crying .. lol ya right
  • #136,217
  • Jun 9, 2009 8:15am Jun 9, 2009 8:15am
Quoting 4cfx
I think she will go for 6250, daily resistance plus 50% fib long term trend.
anywhere from 6230 to 50 ya ... i still see it higher though
  • #136,218
  • Jun 9, 2009 8:24am Jun 9, 2009 8:24am
I'll short 6330 or long @ 6130 area.
dayly trend still remaining to 68xx for me.
  • #136,219
  • Jun 9, 2009 8:24am Jun 9, 2009 8:24am
Man

I closed a long from 1.5500 when it go down from 1.6660 ,,,I closed it sadly at 1.5990 , I though it will go down,,as from the weekly close

Now it's going up sharply , do u think it 's just a retrace befor continue down to 1.53 as from weekly chart , or it will continue and break this high 1.6660 as of the monthly chart ?

Please help if u can

Quoting jack.canadia
anywhere from 6230 to 50 ya ... i still see it higher though
  • #136,220
  • Jun 9, 2009 8:24am Jun 9, 2009 8:24am
Quoting jack.canadia
anywhere from 6230 to 50 ya ... i still see it higher though
Yes I just had another look at the hourly chart. The last wave up doesn't look complete yet. Think it will retrace a little and then one more move up to 6330. If this happens, you will be truly the oracle.
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