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Cable Update (GBPUSD)

  • #137,121
  • Jun 15, 2009 5:05am Jun 15, 2009 5:05am
Quoting pircj
I don't understand which neckline? Double top neckline is really lower from what I understand from H1 for example...

Please explain. thanks.
Sorry. Here's the bigger picture. Trade safe.
Laters
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 59 KB
Thank You
  • #137,122
  • Jun 15, 2009 5:09am Jun 15, 2009 5:09am
Thanks!

Quoting wormboy
Sorry. Here's the bigger picture. Trade safe.
Laters
  • #137,123
  • Jun 15, 2009 5:10am Jun 15, 2009 5:10am
Quoting wormboy
Sorry. Here's the bigger picture. Trade safe.
Laters
i still see this pattern for my long term
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 23 KB
Verily, in every difficulties there is relief
  • #137,124
  • Jun 15, 2009 5:17am Jun 15, 2009 5:17am
Quoting primzvicious
yeah so that i had my stop under my sell
is the best entry point and u may use this for scalp or swing or weekly trade by checking throught his

M5/M15 vs H1/H4/D1 :- if u dare to play swing...am always used this by step by step profit taking at the retracement area....usually am adding my position when i look at previous post vs my Daily.....

else just easy 30-50 pips scalp for my additional pips (bonus)....

Good luck?
  • #137,125
  • Jun 15, 2009 5:19am Jun 15, 2009 5:19am
Quoting grashid
is the best entry point and u may use this for scalp or swing or weekly trade by checking throught his

M5/M15 vs H1/H4/D1 :- if u dare to play swing...am always used this by step by step profit taking at the retracement area....usually am adding my position when i look at previous post vs my Daily.....

else just easy 30-50 pips scalp for my additional pips (bonus)....

Good luck?
good luck for u too and all
Verily, in every difficulties there is relief
  • #137,126
  • Jun 15, 2009 5:24am Jun 15, 2009 5:24am
Nothing overly dramatic has happened since this morning. Price is chopping away within the congestion zone.Retesting the lower bounds of the zone. 1.6470 still a viable short term price objective.
Attached Image
Hear the music before the song is over ...
  • #137,127
  • Jun 15, 2009 5:32am Jun 15, 2009 5:32am
Quoting pircj
I don't understand which neckline? Double top neckline is really lower from what I understand from H1 for example...

Please explain. thanks.
Sorry, just come back my computer, Wormboy'illustration great,thanks.
  • #137,128
  • Jun 15, 2009 5:48am Jun 15, 2009 5:48am
Shorts is the safer hand to play now. EUR and CHF are also loosing ground, sell on bounce......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,129
  • Jun 15, 2009 5:53am Jun 15, 2009 5:53am
Quoting GlobalMacro
Nothing overly dramatic has happened since this morning. Price is chopping away within the congestion zone.Retesting the lower bounds of the zone. 1.6470 still a viable short term price objective.
If it breaks 6307 we could then see 6250 before retracing back to 6470. Anyway, this is the scenario I am looking at.

Alternatively, the down wave was completed at 6307 and we are no retracing back to 6470. Time will tell.
  • #137,130
  • Jun 15, 2009 5:58am Jun 15, 2009 5:58am
Quoting 4cfx
If it breaks 6307 we could then see 6250 before retracing back to 6470. Anyway, this is the scenario I am looking at.

Alternatively, the down wave was completed at 6307 and we are no retracing back to 6470. Time will tell.
Correct...if today's low is violated the bullish scenario's out of the window...Until then will keep an eye on 1.6470.
Hear the music before the song is over ...
  • #137,131
  • Jun 15, 2009 6:08am Jun 15, 2009 6:08am
My 1st trade Long at @ 1.6330 Target 30 pips stop1.6300
Let Price determine your future!
  • #137,132
  • Jun 15, 2009 6:14am Jun 15, 2009 6:14am
Quoting Geppyg
My 1st trade Long at @ 1.6330 Target 30 pips stop1.6300

A very quick profit for you there!
  • #137,133
  • Jun 15, 2009 6:16am Jun 15, 2009 6:16am
Quoting Geppyg
My 1st trade Long at @ 1.6330 Target 30 pips stop1.6300
+30 pips 1st trade in less than 15 mins....

Awaiting trade 2
Let Price determine your future!
  • #137,134
  • Jun 15, 2009 6:17am Jun 15, 2009 6:17am
Quoting GlobalMacro
Correct...if today's low is violated the bullish scenario's out of the window...Until then will keep an eye on 1.6470.
NY session could help us along either way. Personal preference is a break of 6307 as I'm holding short from 6380 .
  • #137,135
  • Jun 15, 2009 6:18am Jun 15, 2009 6:18am
Trade 2 Short @ 1.6363 Target 30 pips
Let Price determine your future!
  • #137,136
  • Jun 15, 2009 6:24am Jun 15, 2009 6:24am
Quoting Geppyg
Trade 2 Short @ 1.6363 Target 30 pips
LOL, hey buddy.. same here Short @1.6359..
  • #137,137
  • Jun 15, 2009 6:24am Jun 15, 2009 6:24am
Quoting 4cfx
NY session could help us along either way. Personal preference is a break of 6307 as I'm holding short from 6380 .
Coming up: TIC Purchases & Geithner Speaks.
Hear the music before the song is over ...
  • #137,138
  • Jun 15, 2009 6:24am Jun 15, 2009 6:24am
It's been ranging between 1.637 and 1.633 for 2 hours now. What a yawn.
  • #137,139
  • Jun 15, 2009 6:26am Jun 15, 2009 6:26am
Quoting 4cfx
NY session could help us along either way. Personal preference is a break of 6307 as I'm holding short from 6380 .
Come lets pray together bro....
  • #137,140
  • Jun 15, 2009 6:28am Jun 15, 2009 6:28am
i'm holding short @ 1.6347 , hope it break 1.6300
my TP is 1.6277
still newbie .
Just Newbie Need Guidance From The Expert
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