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Cable Update (GBPUSD)

  • #136,661
  • Jun 10, 2009 11:43pm Jun 10, 2009 11:43pm
cable not long anymore???
  • #136,662
  • Jun 10, 2009 11:46pm Jun 10, 2009 11:46pm
i still say that it reached 50% retracement.. and it's going up from now on.
  • #136,663
  • Jun 10, 2009 11:51pm Jun 10, 2009 11:51pm
I can only see a long neutral CHANNEL... Ups!!
  • #136,664
  • Jun 10, 2009 11:51pm Jun 10, 2009 11:51pm
to Reznik:your idea still short??
  • #136,665
  • Jun 10, 2009 11:51pm Jun 10, 2009 11:51pm
Quoting invicta79
i still say that it reached 50% retracement.. and it's going up from now on.
goodluck
  • #136,666
  • Jun 10, 2009 11:56pm Jun 10, 2009 11:56pm
I get the feeling we it wants to test 325-360!
  • #136,667
  • Jun 10, 2009 11:56pm Jun 10, 2009 11:56pm
Quoting Reznik
I can only see a long neutral CHANNEL... Ups!!


See there is 1.6356 Support Line... If the Cable break the Support Line, It Down like said yesterday. But Lets wait at the sideline. Cause it is testing a long standing trend line UPWARD...


Goodluck Trading...
  • #136,668
  • Jun 10, 2009 11:58pm Jun 10, 2009 11:58pm
Quoting Nene
See you guys at 6600
Oreally? Chart?
Thank You
  • #136,669
  • Jun 10, 2009 11:59pm Jun 10, 2009 11:59pm
Quoting invicta79
i still say that it reached 50% retracement.. and it's going up from now on.
Chart?
Thank You
  • #136,670
  • Jun 10, 2009 11:59pm Jun 10, 2009 11:59pm
Yesterday's break below 1.6317 couldn't be sustained as suspected.
That seems to have been a bear trap. Price moving still within the bounds of the bull channel. June 9th bear channel breakout on the hourly and June 8th Hammer continue to give bulls full control.
Attached Images
Hear the music before the song is over ...
  • #136,671
  • Jun 11, 2009 12:00am Jun 11, 2009 12:00am
Quoting Reznik
See there is 1.6356 Support Line... If the Cable break the Support Line, It Down like said yesterday. But Lets wait at the sideline. Cause it is testing a long standing trend line UPWARD...


Goodluck Trading...
Chart?
Thank You
  • #136,672
  • Jun 11, 2009 12:04am Jun 11, 2009 12:04am
To All Traders,

Beware 60% of all timeframe in any time-slot, we see a channel and that not too Good. Cause We Traders want a Trend(30%) and a Break-out(10%). So If U spend 24hr in Fx trading... U see

Channel =60%=14.4hr
Trend(Up/Down)=30%=7.2hr
Break-out =10%=2.4hr

Where am going... So Wait cause it has to test either the Trend line (Up) or the Support line (Down).
  • #136,673
  • Jun 11, 2009 12:06am Jun 11, 2009 12:06am
Sorry fellas, but there's always two sides of a coin, so could you please illustrate it with a chart, especially those who are already ready to fire up, because current price isn't supporting the idea of buying from what I see.
My bias is still down unless price close above 6600 btw. That has not changed.

My chart yesterday : http://www.forexfactory.com/attachme...6&d=1244645169

Chart attached below shows what it looks like right now.

Thanks & good luck
Attached Image (click to enlarge)
Click to Enlarge Name: cabe1a.JPG Size: 76 KB
Thank You
  • #136,674
  • Jun 11, 2009 12:10am Jun 11, 2009 12:10am
Good morning everyone. My short got stopped out overnight with 50 pips profit. Never mind.

Like many of you, I'm waiting for clear signal right now before entering a trade. If 6356 is broken, it will be good to short.

If 6470 is breached, uptrend is resumed according to my elliot count. Will post chart later.
  • #136,675
  • Jun 11, 2009 12:12am Jun 11, 2009 12:12am
Quoting wormboy
Chart?


Good Morning, Your Highness... Am please U came here, to see us mumbling in little Thots. Whatz your say?

Most highly expecting your analytical explanation...
  • #136,676
  • Jun 11, 2009 12:14am Jun 11, 2009 12:14am
Quoting Spike
I think it will bounce off of the 1.6444 one more time, Then down to gain some strength

Spike
Missed it by 6 pips,
Had a TP @1.6440.
Ended at B/E

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,677
  • Jun 11, 2009 12:16am Jun 11, 2009 12:16am
Quoting 4cfx
Good morning everyone. My short got stopped out overnight with 50 pips profit. Never mind.

Like many of you, I'm waiting for clear signal right now before entering a trade. If 6356 is broken, it will be good to short.

If 6470 is breached, uptrend is resumed according to my elliot count. Will post chart later.


4cfx. Boy, U are too Brillant... A fast finger. Keep it up...
  • #136,678
  • Jun 11, 2009 12:21am Jun 11, 2009 12:21am
Quoting wormboy
Sorry fellas, but there's always two sides of a coin, so could you please illustrate it with a chart, especially those who are already ready to fire up, because current price isn't supporting the idea of buying from what I see.
My bias is still down unless price close above 6600 btw. That has not changed.

My chart yesterday : http://www.forexfactory.com/attachme...6&d=1244645169

Chart attached below shows what it looks like right now.

Thanks & good luck
USD/CHF very nice long setup at 1H,GBP/CHF is overshoot,today lots of high impact USD news most likely positive , volume TOP confirmed at G/U 1H,also G/U daily is favoring bearish .My view is that today will try to go down again with first target projection .6205 , second .6060 . Good day all .
  • #136,679
  • Jun 11, 2009 12:25am Jun 11, 2009 12:25am
Quoting Reznik
Good Morning, Your Highness... Am please U came here, to see us mumbling in little Thots. Whatz your say?

Most highly expecting your analytical explanation...
Afternoon mate. It's not my thread mate & the mumbling isn't a problem for me. I just think if you guys could post a chart up to support your views would benefit everyone. We don't trade your charts remember? So I am completely clueless as I'm sure some of us here are when some of you make a call without illustrating it yea? Sorry about the rant.

Anyway, I posted up a chart a few posts back.
And this was the analysis supporting the chart : http://www.forexfactory.com/showpost...stcount=136646

You have a good one buddy & good luck with your trading
Thank You
  • #136,680
  • Jun 11, 2009 12:41am Jun 11, 2009 12:41am
Quoting wormboy
Afternoon mate. It's not my thread mate & the mumbling isn't a problem for me. I just think if you guys could post a chart up to support your views would benefit everyone. We don't trade your charts remember? So I am completely clueless as I'm sure some of us here are when some of you make a call without illustrating it yea? Sorry about the rant.

Anyway, I posted up a chart a few posts back.
And this was the analysis supporting the chart : http://www.forexfactory.com/showpost...stcount=136646

You have a good one buddy...
if u really good at it
why dont u suggest an entry point ?
Verily, in every difficulties there is relief
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