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Cable Update (GBPUSD)

  • #136,261
  • Jun 9, 2009 11:15am Jun 9, 2009 11:15am
Anyway, its gonna pop one direction or the other so we just wait
  • #136,262
  • Jun 9, 2009 11:16am Jun 9, 2009 11:16am
Quoting jack.canadia
G/J is called the beast for a reason .. E/J doesnt respect its technicals that much either

More liquid pairs like G/U and E/U are better .. I wont go near G/J and i wouldnt recommend any newbie in here does
Well, I'm talking about trading styles in general. A cornerstone of a good trading technique is that it should be working more or less in all (related) markets.
As for recommending newbies, they should work on their trading on dry land for as long as it takes to grasp these concepts and not follow any recommendations at all which sure would get them into a lot of margin call troubles.

BTW, today's G/U is aggressive sure as hell...
Hear the music before the song is over ...
  • #136,263
  • Jun 9, 2009 11:18am Jun 9, 2009 11:18am
Quoting jack.canadia
If the market doesnt pullback, so be it!

You dont need to trade every single day to be a winner at this.

Look we had two today already! Two in one day, what more can u ask for.
So, Jack, are you in for a correction or for the top now?
  • #136,264
  • Jun 9, 2009 11:26am Jun 9, 2009 11:26am
Quoting jack.canadia
Anyway, its gonna pop one direction or the other so we just wait
hey jack long or short??

Ub
  • #136,265
  • Jun 9, 2009 11:31am Jun 9, 2009 11:31am
6330 is strong resistance I will short there.
How do you think Jack?
  • #136,266
  • Jun 9, 2009 11:34am Jun 9, 2009 11:34am
We're up 500 pips in 2 days, we gotta correct some, this entry is def for correction, intraday.
  • #136,267
  • Jun 9, 2009 11:38am Jun 9, 2009 11:38am
Quoting HotPips
So, Jack, are you in for a correction or for the top now?
I am not long. My short at 88 went BE and I opened another at 95. Im gonna keep doing that until it breaks higher, if it does.

Id like to alert you guys on a potential EUR/USD trade .. check below ..

Daily M4 pivot 4064
50% retrace 4071
161.8% extension 4063
old support 4071
weekly pivot 4080

Also, a 4-hour Head and shoulders seems to be in the works..

I am looking to short E/U at 4055.
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  • #136,268
  • Jun 9, 2009 11:43am Jun 9, 2009 11:43am
Quoting Angelina
6330 is strong resistance I will short there.
How do you think Jack?
Ya of course .. Im gonna short if it gets there too
  • #136,269
  • Jun 9, 2009 11:43am Jun 9, 2009 11:43am
Quoting Angelina
6330 is strong resistance I will short there.
How do you think Jack?

I'm waiting for the same price...
  • #136,270
  • Jun 9, 2009 11:47am Jun 9, 2009 11:47am
Man cable is doing nothing at the moment, it's more boring then Alihuzaifa quoting the news erlier today (no offense)..
  • #136,271
  • Jun 9, 2009 11:52am Jun 9, 2009 11:52am
Quoting jack.canadia
I am not long. My short at 88 went BE and I opened another at 95. Im gonna keep doing that until it breaks higher, if it does.

Id like to alert you guys on a potential EUR/USD trade .. check below ..

Daily M4 pivot 4064
50% retrace 4071
161.8% extension 4063
old support 4071
weekly pivot 4080

Also, a 4-hour Head and shoulders seems to be in the works..

I am looking to short E/U at 4055.
Jack, what time does your daily candle open? My M4 pivot is closer to 4100.

Also, are you going to continue explaining your trading methods in this thread over here http://www.forexfactory.com/showthread.php?p=2790710
  • #136,272
  • Jun 9, 2009 11:54am Jun 9, 2009 11:54am
i am not goin long untill 6175-62
still hoding short 6288 sl @63 25
  • #136,273
  • Jun 9, 2009 11:57am Jun 9, 2009 11:57am
Quoting daffy
Jack, what time does your daily candle open? My M4 pivot is closer to 4100.

Also, are you going to continue explaining your trading methods in this thread over here http://www.forexfactory.com/showthread.php?p=2790710
hey ya i got rid of the moving averages and tweaked it a bit .. I was relying on MA crosses to give me the trend I was allowed to trade .. but they lag.

Im moreso price action, support resistance and pivots now.

My MT4 is set to 00:00 GMT .. since forex has no "day" like stock markets, it seems fitting to use GMT ..plus, pivots as of 00:00 gmt work well.
  • #136,274
  • Jun 9, 2009 12:07pm Jun 9, 2009 12:07pm
guy's What do you think..
if or is it possible price continue tonite high at 1.6375..
  • #136,275
  • Jun 9, 2009 12:12pm Jun 9, 2009 12:12pm
Quoting Angelina
i am not goin long untill 6175-62
still hoding short 6288 sl @63 25

Angelina, do you have 6331 and 6433 as your two next big resistance points before the full potential retrcement of 6661
  • #136,276
  • Jun 9, 2009 12:13pm Jun 9, 2009 12:13pm
Quoting jack.canadia
hey ya i got rid of the moving averages and tweaked it a bit .. I was relying on MA crosses to give me the trend I was allowed to trade .. but they lag.

Im moreso price action, support resistance and pivots now.

My MT4 is set to 00:00 GMT .. since forex has no "day" like stock markets, it seems fitting to use GMT ..plus, pivots as of 00:00 gmt work well.
I use lion's tail to give me a sense of buying or selling interest
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  • #136,277
  • Jun 9, 2009 12:17pm Jun 9, 2009 12:17pm
and hey I just joined today for trading GU, i have no experience in GU, i only trade GJ, so I will sit in the background and watch you guys.
  • #136,278
  • Jun 9, 2009 12:20pm Jun 9, 2009 12:20pm
Quoting forexlion
and hey I just joined today for trading GU, i have no experience in GU, i only trade GJ, so I will sit in the background and watch you guys.
welcomee .. its a fun pair! not as crazy as the yens, but moves nicely!
  • #136,279
  • Jun 9, 2009 12:20pm Jun 9, 2009 12:20pm
Quoting Angelina
i am not goin long untill 6175-62
still hoding short 6288 sl @63 25
1st tp @6263
  • #136,280
  • Jun 9, 2009 12:21pm Jun 9, 2009 12:21pm
Trying to get my chart to show in a post. Nothing more.

http://www.forexfactory.com/attachme...1&d=1244567987

http://www.forexfactory.com/attachme...1&d=1244567987

http://www.forexfactory.com/attachme...1&d=1244568073

I think it worked. Cheers
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