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Cable Update (GBPUSD)

  • #136,761
  • Jun 11, 2009 8:40am Jun 11, 2009 8:40am
Quoting I like steak
Trying to get use to this mundane stuff on geppy...all are looking for the big breaks but action tells you to stay long...

I am use to the wild swings.

Asked about the blog cos want to know more about your strategy to study it?
Did think about setting one up once...I'd imagine I need to spend even more time maintaining it so I put it on the back burner...maybe I will do it sometime when have more time.

yea, that's right, the big trend is up on sterling pairs so most of the time Long Is Not Wrong...lol
Hear the music before the song is over ...
  • #136,762
  • Jun 11, 2009 8:45am Jun 11, 2009 8:45am
[quote=GlobalMacro;2796179]Did think about setting one up once...I'd imagine I need to spend even more time maintaining it so I put it on the back burner...maybe I will do it sometime when have more time.[quote]

Keep your posts coming cos they're smart....see, I am saving them on desktop as reminders...good stuff.
Attached Images
  • #136,763
  • Jun 11, 2009 8:47am Jun 11, 2009 8:47am
Will Welcome 1.66xx
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  • #136,764
  • Jun 11, 2009 8:52am Jun 11, 2009 8:52am
Quoting I like steak
Keep your posts coming cos they're smart....see, I am saving them on desktop as reminders...good stuff.
I sure will every chance I get.
Thanks for the compliment, buddy.
Hear the music before the song is over ...
  • #136,765
  • Jun 11, 2009 8:52am Jun 11, 2009 8:52am
I reckon renzik blew his account then.........

1.6100...I had to admire his confidence ...
I hope you are okay mate
Let Price determine your future!
  • #136,766
  • Jun 11, 2009 9:18am Jun 11, 2009 9:18am
Quoting GlobalMacro
Cable reinvigorating...
1st target 1.6512
After breaking above the first bullish objective of 1.6512 the perspective of the 2nd price objective ca. 1.6600 is now in sight by continued undiminished strength.
Attached Image
Hear the music before the song is over ...
  • #136,767
  • Jun 11, 2009 9:40am Jun 11, 2009 9:40am
Quoting eychenz
long at 6441
anyone agree?

i'm out at 6540

enough for today
  • #136,768
  • Jun 11, 2009 9:46am Jun 11, 2009 9:46am
cable now
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  • #136,769
  • Jun 11, 2009 10:03am Jun 11, 2009 10:03am
Quoting GlobalMacro
After breaking above the first bullish objective of 1.6512 the perspective of the 2nd price objective ca. 1.6600 is now in sight by continued undiminished strength.
Hi GM, well done on your long.

Been on the sideline waiting for clearer signals on my chart. I am still not too happy with my wave count so best leave it till later. Keep working on it.
  • #136,770
  • Jun 11, 2009 10:17am Jun 11, 2009 10:17am
Hey,

did anyone short from the level i posted earlier today... 1.6495 perfect spot to short, i made 50pips on that move, that is aside from my system trades which made 170pips today...

was a good day...

-Rudy
  • #136,771
  • Jun 11, 2009 10:21am Jun 11, 2009 10:21am
Quoting 4cfx
Hi GM, well done on your long.

Been on the sideline waiting for clearer signals on my chart. I am still not too happy with my wave count so best leave it till later. Keep working on it.
Thanks buddy.
But bro , you nailed the top yesterday with your EW count yourself. you must have been 200 pips up in the interim. Usually when I'm up 200 pips I JUST take them pips 'cause they got this nasty habit of slipping away again..if you know what I mean...lol

The break below 1.6317 was a bear trap yesterday which just widened the bull channel and paved the way for the current highs. So I saw reinvigoration of pa around 1.6450...we're at multi-months highs after all so it proceeds rather slowly.
Hear the music before the song is over ...
  • #136,772
  • Jun 11, 2009 10:27am Jun 11, 2009 10:27am

  1. Monday
  2. Tuesday
  3. Wednesday
  4. Thursday
  5. Friday .............. ?? 6658 ?

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  • #136,773
  • Jun 11, 2009 10:32am Jun 11, 2009 10:32am
Guys any idea from where we can sit for short??6640 will b good ??


Ub
  • #136,774
  • Jun 11, 2009 10:36am Jun 11, 2009 10:36am
Quoting ubaidahsan
Guys any idea from where we can sit for short??6640 will b good ??


Ub
only 6658 will be the best place to short for 500 to 800 odd pips down
  • #136,775
  • Jun 11, 2009 10:51am Jun 11, 2009 10:51am
[quote=GlobalMacro;2796518]Thanks buddy.
But bro , you nailed the top yesterday with your EW count yourself. you must have been 200 pips up in the interim. Usually when I'm up 200 pips I JUST take them pips 'cause they got this nasty habit of slipping away again..if you know what I mean...lol

Sadly I locked in only 50 pips of profits. I should start following your advice rather than trying to see it through.
  • #136,776
  • Jun 11, 2009 10:52am Jun 11, 2009 10:52am
is it a good time to go short?
  • #136,777
  • Jun 11, 2009 10:55am Jun 11, 2009 10:55am
U/J has respected its 4hr LTL for now... IF/When it breaks...

daily divergence building...
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  • #136,778
  • Jun 11, 2009 10:57am Jun 11, 2009 10:57am
still juice in the tank!
  • #136,779
  • Jun 11, 2009 11:01am Jun 11, 2009 11:01am
just shorted, after two nice bearish candles in 15m. and M4.
  • #136,780
  • Jun 11, 2009 11:05am Jun 11, 2009 11:05am
Missed it by 5 Pips, Closed out trade.


Quoting Nene
Actually the pierce of the trendline will give way to the 1.6570 area by morning. Been in this trade for awhile.

NE
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