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Cable Update (GBPUSD)

  • #137,101
  • Jun 15, 2009 4:28am Jun 15, 2009 4:28am
Quoting 4cfx
Hi wormboy, out of interest, where do you place your sl? above 66 still?
go inside the wormhole, its updated every day
  • #137,102
  • Jun 15, 2009 4:29am Jun 15, 2009 4:29am
Quoting 4cfx
Hi wormboy, out of interest, where do you place your sl? above 66 still?
Hey buddy, I'm not trading cable yet. I am nursing this trade atm :
http://www.forexfactory.com/showpost...postcount=1353

Have a good one
Thank You
  • #137,103
  • Jun 15, 2009 4:29am Jun 15, 2009 4:29am
Quoting forexlion
go inside the wormhole, its updated every day
Thanks.
  • #137,104
  • Jun 15, 2009 4:30am Jun 15, 2009 4:30am
Quoting wormboy
Yea, I get that a lot when at the beginning of the year I said we'll dive down to 38xx levels
But forget short bias for the day tho, watch the neckline at the hourly H&S before you sleep.
Wormboy,

Did u see any clue that she could break .6307 down?
  • #137,105
  • Jun 15, 2009 4:31am Jun 15, 2009 4:31am
Quoting eychenz
hey , what's happened to cable?

moving up or down?
confusing!!!
give it viagra then up else down

just trade what you see on your charts
  • #137,106
  • Jun 15, 2009 4:32am Jun 15, 2009 4:32am
Quoting wormboy
I don't know & to be honest I don't care lol. All I know is the balance of power has shifted back to the bears hands & I will only take their side from here on back to 5300 level. Think I've said this since late May.
Good luck with your trading buddy
not from last week high i guess
Verily, in every difficulties there is relief
  • #137,107
  • Jun 15, 2009 4:36am Jun 15, 2009 4:36am
Quoting Exciter135
Wormboy,

Did u see any clue that she could break .6307 down?
I don't. low 6300 levels is the neckline. Break or bounce you ought to know what to do
Thank You
  • #137,108
  • Jun 15, 2009 4:37am Jun 15, 2009 4:37am
Quoting wormboy
Hey buddy, I'm not trading cable yet. I am nursing this trade atm :
http://www.forexfactory.com/showpost...postcount=1353

Have a good one
Is it because you only do one currency at a time or is it because you can't see a good entry?
  • #137,109
  • Jun 15, 2009 4:40am Jun 15, 2009 4:40am
Quoting forexlion
никак я не говорю malay
ti iz rossii ili indii? shto ti ta pishish?
  • #137,110
  • Jun 15, 2009 4:41am Jun 15, 2009 4:41am
Quoting wormboy
I don't. low 6300 levels is the neckline. Break or bounce you ought to know what to do
Thanks mate . Waiting long setup or trend continue here.
  • #137,111
  • Jun 15, 2009 4:43am Jun 15, 2009 4:43am
GBP/USD dips further to as low as 1.6304 today but is still holding above 1.6240 minor support. Intraday bias remains neutral for the moment. Below 1.6240 minor support will indicate that rebound from 1.5810 has completed and will flip intraday bias back to the downside for 1.5778 cluster support (38.2% retracement of 1.4395 to 1.6661 at 1.5795). Note that break there will strongly suggest that at least from 1.4395 has completed in form of a double top (1.6661, 1.6617). In such case, deeper fall should be see to trend line support (now at 1.5332) first. On the upside, though, above 1.6661 will indicate that recent rally is still in progress and has resumed for 1.7332 fibo resistance before completion.
In the bigger picture, price actions from 1.3503 are treated as correction to the larger down trend from 2.1161 only. With trend line support intact (now at 1.5332), rise from 1.3654 might extend further but focus will remain on reversal signal as GBP/USD stays in 1.6428/7332 (38.2% and 50% retracement of 2.1161 to 1.3503) as we'd expected the correction to conclude here. On the downside, however, break of the trend line support will be an important signal that such correction has finally completed and should turn outlook bearish for a retest of 1.3503 low next.
Attached Image
  • #137,112
  • Jun 15, 2009 4:44am Jun 15, 2009 4:44am
Quoting 4cfx
Is it because you only do one currency at a time or is it because you can't see a good entry?
One currency at a time till I have locked some with good amount of profit before I move on to trade something else. Unless I have some really small lotsize involved ( ie 0.1 or 0.2 ).
Risk management buddy, more important than guessing the next market move
Thank You
  • #137,113
  • Jun 15, 2009 4:45am Jun 15, 2009 4:45am
Quoting Exciter135
Thanks mate . Waiting long setup or trend continue here.
You're welcome my friend

Laters, I'm off jogging.
Trade safe guys!
Thank You
  • #137,114
  • Jun 15, 2009 4:46am Jun 15, 2009 4:46am
Quoting wormboy
One currency at a time till I have locked some with good amount of profit before I move on to trade something else. Unless I have some really small lotsize involved ( ie 0.1 or 0.2 ).
Risk management buddy, more important than guessing the next market move
You are very disciplined. A good trader indeed.
  • #137,115
  • Jun 15, 2009 4:51am Jun 15, 2009 4:51am
I don't understand which neckline? Double top neckline is really lower from what I understand from H1 for example...

Please explain. thanks.
Quoting Exciter135
Thanks mate . Waiting long setup or trend continue here.
  • #137,116
  • Jun 15, 2009 4:52am Jun 15, 2009 4:52am
Quoting Exciter135
Wormboy,

Did u see any clue that she could break .6307 down?
all i can see is depend on 5minutes fibs
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 18 KB
Verily, in every difficulties there is relief
  • #137,117
  • Jun 15, 2009 5:00am Jun 15, 2009 5:00am
Quoting Exciter135
Wormboy,

Did u see any clue that she could break .6307 down?
watch ur M15..then u will see the cluse...Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GU M15.JPG Size: 83 KB
  • #137,118
  • Jun 15, 2009 5:03am Jun 15, 2009 5:03am
Quoting grashid
watch ur M15..then u will see the cluse...Good luck
yeah so that i had my stop under my sell
Verily, in every difficulties there is relief
  • #137,119
  • Jun 15, 2009 5:04am Jun 15, 2009 5:04am
Here's my updated cable 30m chart. 6250 first?

Attached Image (click to enlarge)
Click to Enlarge Name: Cable 30m 15062009.jpg Size: 191 KB
  • #137,120
  • Jun 15, 2009 5:04am Jun 15, 2009 5:04am
Quoting grashid
watch ur M15..then u will see the cluse...Good luck
btw nice entry grashid...
Verily, in every difficulties there is relief
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