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Cable Update (GBPUSD)

  • #136,801
  • Jun 11, 2009 1:09pm Jun 11, 2009 1:09pm
I wonder if were gonna see any sweet candles soon!
  • #136,802
  • Jun 11, 2009 1:17pm Jun 11, 2009 1:17pm
Quoting GlobalMacro
And the second one is done as well.
soo when in your opinion do we go short? and for how far
  • #136,803
  • Jun 11, 2009 1:34pm Jun 11, 2009 1:34pm
were in no mans land right now!
  • #136,804
  • Jun 11, 2009 1:49pm Jun 11, 2009 1:49pm
Whats with the silence? Come on guys what are you thinking?
You've got to be IN IT to WIN IT!
  • #136,805
  • Jun 11, 2009 1:55pm Jun 11, 2009 1:55pm
Quoting Ifty
Whats with the silence? Come on guys what are you thinking?
No follow-through past 1.6600, so that might be it for today.... but mostly, my mind is blank
Better safe than sorry
  • #136,806
  • Jun 11, 2009 1:57pm Jun 11, 2009 1:57pm
Quoting Ifty
Whats with the silence? Come on guys what are you thinking?

I'm thinking tomorrow is Friday and the big boys get what they want (profit taking). So to early for me personally to speculate. We have NOT retested the resistance at 1.6660 so very possible we get there with the trend still being UP over all. Then again this may be our slightly lower high at 1.6623 to send us down again. I am officially NEUTRAL so far.
Show me the PIPS!
  • #136,807
  • Jun 11, 2009 2:01pm Jun 11, 2009 2:01pm
nothing yet to say up or down, but trend is still up, until charts show us otherwise!
  • #136,808
  • Jun 11, 2009 2:15pm Jun 11, 2009 2:15pm
tight range i have been playing both sides all morn...i dont care which way it goes just go
FUTURE OF MX
  • #136,809
  • Jun 11, 2009 3:30pm Jun 11, 2009 3:30pm
Tomorrow we will see 1.68
  • #136,810
  • Jun 11, 2009 3:46pm Jun 11, 2009 3:46pm
whatever as long as it moves!
FUTURE OF MX
  • #136,811
  • Jun 11, 2009 3:54pm Jun 11, 2009 3:54pm
Quoting AbgZuhaini
Me... Overbought + Great news for Dollars = Short GU
Short @ 1.6594
That's going to be some beautiful twin peaks.

Spike
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Will, Knowledge, Discipline, And tenacity=Success
  • #136,812
  • Jun 11, 2009 4:11pm Jun 11, 2009 4:11pm
Here's my update to cable wavecount. Sorry it's taken a little longer but I wanted to discuss a couple of points with other fellow ellioticians before posting it.

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  • #136,813
  • Jun 11, 2009 4:59pm Jun 11, 2009 4:59pm
does anyone like a long here?
  • #136,814
  • Jun 11, 2009 5:00pm Jun 11, 2009 5:00pm
after all its come this far, why wouldnt it test 6670?
  • #136,815
  • Jun 11, 2009 5:18pm Jun 11, 2009 5:18pm
Quoting alex1976
after all its come this far, why wouldnt it test 6670?
Prob b/c it hit 6568 resistance, but ill wait for 6500.
GL
  • #136,816
  • Jun 11, 2009 6:09pm Jun 11, 2009 6:09pm
here is my trade level ( last trend = up )

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  • #136,817
  • Jun 11, 2009 6:36pm Jun 11, 2009 6:36pm
Well I think time to rally while the Pit stop for fuel recharge at 1.6561 it's done and Bye for 1.65xx while
end journey for this week will meet around 1.67 or 1.68 till nite...
have a nice weekend Guy's

Just share my Journey for this week
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  • #136,818
  • Jun 11, 2009 6:39pm Jun 11, 2009 6:39pm
Waiting for Asia to swing the bat...holding short...
  • #136,819
  • Jun 11, 2009 6:50pm Jun 11, 2009 6:50pm
Quoting Blacksheep6
Waiting for Asia to swing the bat...holding short...
me to but they just seem to be buying even now.

i am short off 1.6590 with down side target test of the upper value area at 6540

I think as one person said she spikes to 1.6800 in euro session tonight , even though the indices had a majhor sell off in the US today. i think the USD will continue to be weak thru the G20 meeting this weekend.
Blogging daily now at www.volume.zone
  • #136,820
  • Jun 11, 2009 7:16pm Jun 11, 2009 7:16pm
6600 way overbought...any thoughts being Friday???
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