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Cable Update (GBPUSD)

  • #136,441
  • Jun 10, 2009 2:00am Jun 10, 2009 2:00am
Quoting paul czech
ok,your target for short still 6420?

Yes...
  • #136,442
  • Jun 10, 2009 2:01am Jun 10, 2009 2:01am
Good morning everyone, my short at 6345 got stopped at be. Now back to the drawing board.
  • #136,443
  • Jun 10, 2009 2:04am Jun 10, 2009 2:04am
Quoting paul czech
thanks for indicator,but what's your idea?D1 chart is bearish buterfly....
Affirmative.Most common target for this kind of harmonic patterns is 61.8% .Sounds crazy at the moment looking the chart but this is what indicator says .If you trade this patterns 80% of your trade will be ok (as is mentioned in his book) .
  • #136,444
  • Jun 10, 2009 2:06am Jun 10, 2009 2:06am
spinnig top on 1h to confirm divergence on 15m.
  • #136,445
  • Jun 10, 2009 2:06am Jun 10, 2009 2:06am
H4 LTL at 6290 will be resistance.
TRADE FOR SWAP
  • #136,446
  • Jun 10, 2009 2:09am Jun 10, 2009 2:09am
Quoting forexlion
closed my longs at 6417 as planned.
and from here i will not long GU again as it has reached the top of its weekly trading range.

i could be wrong, but its my decision entirely, i will not long here.
  • #136,447
  • Jun 10, 2009 2:10am Jun 10, 2009 2:10am
Quoting forexlion
closed my longs at 6417 as planned.
May i know what is yr target pls?
GELORE
  • #136,448
  • Jun 10, 2009 2:11am Jun 10, 2009 2:11am
Quoting musani
May i know what is yr target pls?
he's just said he is not taking anymore trades - wise lion.
TRADE FOR SWAP
  • #136,449
  • Jun 10, 2009 2:13am Jun 10, 2009 2:13am
Quoting forexlion
and from here i will not long GU again as it has reached the top of its weekly trading range.

i could be wrong, but its my decision entirely, i will not long here.
1 hour is rapidly turning bearish, but since it is not confirmed as yet and knowing GU, i will wait for confirmation.

GJ however has room till 161.89 and it will be interesting to watch what GJ does here.
  • #136,450
  • Jun 10, 2009 2:14am Jun 10, 2009 2:14am
Blow out my SL... Could be Upward today.

Good Trading.
  • #136,451
  • Jun 10, 2009 2:19am Jun 10, 2009 2:19am
Quoting forexlion
1 hour is rapidly turning bearish, but since it is not confirmed as yet and knowing GU, i will wait for confirmation.

GJ however has room till 161.89 and it will be interesting to watch what GJ does here.


Forexlion, Good thinking there...
My Bias today is a SHORT in both GU & GJ.

In GJ, there is a double top in the 15 mins charts and Stoch & RSI indicating a sell signal.

In GU, thesame... Sell. So I wait.
  • #136,452
  • Jun 10, 2009 2:20am Jun 10, 2009 2:20am
Quoting Reznik
Blow out my SL... Could be Upward today.

Good Trading.
negative divergence h1 chart....
  • #136,453
  • Jun 10, 2009 2:20am Jun 10, 2009 2:20am
Still waiting...
  • #136,454
  • Jun 10, 2009 2:23am Jun 10, 2009 2:23am
Quoting cgldsmth
he's just said he is not taking anymore trades - wise lion.
these fib levels have been respected by both GU and GJ each week, so i will not go against their decision.

once price reaches 61.8% on the weekly fib expansion, i trash all ideas of taking another long despite the price action.

and 98% of the times i have enjoyed being on the fence, sometimes it does go beyond that level, but only in spikes.
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  • #136,455
  • Jun 10, 2009 2:26am Jun 10, 2009 2:26am
Quoting paul czech
negative divergence h1 chart....


See Bro, In 1hr chart...

-MACD indicates a positive divergence.
-Symmetrical Triangle in an UP trend.
-Spining tops & Hanging Man in Bar Chart.
- EMA still buying signal
-Only RSI over bought.

4 out 5 saying Long... Got to wait. smells like a trap.
  • #136,456
  • Jun 10, 2009 2:30am Jun 10, 2009 2:30am
Am out... Back during New-York session.
  • #136,457
  • Jun 10, 2009 2:32am Jun 10, 2009 2:32am
Quoting Reznik
Am out... Back during New-York session.
join me on the fence, there are some cool chicks on the street ahead. [because the fence belongs to a poultry farm ]
  • #136,458
  • Jun 10, 2009 2:34am Jun 10, 2009 2:34am
Quoting forexlion
these fib levels have been respected by both GU and GJ each week, so i will not go against their decision.

once price reaches 61.8% on the weekly fib expansion, i trash all ideas of taking another long despite the price action.

and 98% of the times i have enjoyed being on the fence, sometimes it does go beyond that level, but only in spikes.
hi lion,
can u please provide the indi for this fib lines? thx

regards
  • #136,459
  • Jun 10, 2009 2:35am Jun 10, 2009 2:35am
Quoting forexlion
these fib levels have been respected by both GU and GJ each week, so i will not go against their decision.

once price reaches 61.8% on the weekly fib expansion, i trash all ideas of taking another long despite the price action.

and 98% of the times i have enjoyed being on the fence, sometimes it does go beyond that level, but only in spikes.
could u share ur indicator.. seems interesting
Verily, in every difficulties there is relief
  • #136,460
  • Jun 10, 2009 2:35am Jun 10, 2009 2:35am
Quoting slykyn
hi lion,
can u please provide the indi for this fib lines? thx

regards
nope
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