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Daily Cable Vision

  • #1,201
  • Jun 16, 2009 6:33am Jun 16, 2009 6:33am
Quoting Red.Hawk
Please have a look I can see hourly chart making sort of a head & shoulder shape, which means 6489 might not be broken and we could have a SHORT at this level again....Debooo, please confirm if i am correct.
i know its selling area and also i see 4 hour chart gain power to go up i'll not put pending order untill i see the situation

view chart
Red = Sell Area
Blue = Buy Area
Attached Image (click to enlarge)
Click to Enlarge Name: 1hh50011abcd.gif Size: 24 KB
  • #1,202
  • Jun 16, 2009 6:36am Jun 16, 2009 6:36am
Quoting deboooo2005
i know its selling area and also i see 4 hour chart gain power to go up i'll not put pending order untill i see the situation

view chart
Red = Sell Area
Blue = Buy Area
IC...thnx bro.... for the detailed analysis
  • #1,203
  • Jun 16, 2009 6:51am Jun 16, 2009 6:51am
Quoting johnscorpion
GBP/USD's break of 1.0624 support argues that rise from 1.5801 has completed at 1.6617 already. Intraday bias is flipped to the downside and further fall could now be seen to retest 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 1.5378) first. On the upside, though, above 1.6661 will indicate that recent rally is still in progress...
i dont like this kind of analysis from market makers ... please keep it simple and you will be welcome
  • #1,204
  • Jun 16, 2009 6:57am Jun 16, 2009 6:57am
Quoting deboooo2005
i dont like this kind of analysis from market makers ... please keep it simple and you will be welcome
I think he's quoting action forex. Sometimes it gets you more confused.. Simple is better..
  • #1,205
  • Jun 16, 2009 6:58am Jun 16, 2009 6:58am
6489 broken?
  • #1,206
  • Jun 16, 2009 6:58am Jun 16, 2009 6:58am
Quoting mjay
I think he's quoting action forex. Sometimes it gets you more confused.. Simple is better..
yeah its actionforex
  • #1,207
  • Jun 16, 2009 6:59am Jun 16, 2009 6:59am
Quoting Red.Hawk
6489 broken?
if you dont have any open trade ... like me .... i'll wait us news to release
  • #1,208
  • Jun 16, 2009 7:02am Jun 16, 2009 7:02am
Quoting deboooo2005
if you dont have any open trade ... like me .... i'll wait us news to release
No...i dont have any open trade...ok I am waiting with you today....today i am kind of free a bit...so i am ready to wait and watch and then take a trade when you are 100% atleast
  • #1,209
  • Jun 16, 2009 7:05am Jun 16, 2009 7:05am
Quoting deboooo2005
if you dont have any open trade ... like me .... i'll wait us news to release
Super advice bro. We are always too eager to jump on the bandwaggon. Lets see what the news brings and then trade from there.
You've got to be IN IT to WIN IT!
  • #1,210
  • Jun 16, 2009 7:08am Jun 16, 2009 7:08am
Quoting Ifty
Super advice bro. We are always too eager to jump on the bandwaggon. Lets see what the news brings and then trade from there.
exactly...bro, whats up? any pips made for the day yet?
  • #1,211
  • Jun 16, 2009 7:16am Jun 16, 2009 7:16am
Quoting Red.Hawk
exactly...bro, whats up? any pips made for the day yet?
I have been on the nervous side all day bro. Totally unpredictable but managed to make 20 pips so far. Bought at 1.6440 and sold at 1.6460. I could have stayed in but sold to stop worrying. It see a BULLISH trend reaching the high of 1.6660+ but ...... what do i know .
You've got to be IN IT to WIN IT!
  • #1,212
  • Jun 16, 2009 7:18am Jun 16, 2009 7:18am
BTW Yesterday was a crappy day for me getting stopped out twice. I was around 45 pips down but today and tomorrow and the next day is another trade, RIGHT?
You've got to be IN IT to WIN IT!
  • #1,213
  • Jun 16, 2009 7:19am Jun 16, 2009 7:19am
Quoting Ifty
I have been on the nervous side all day bro. Totally unpredictable but managed to make 20 pips so far. Bought at 1.6440 and sold at 1.6460. I could have stayed in but sold to stop worrying. It see a BULLISH trend reaching the high of 1.6660+ but ...... what do i know .
ha...no problem...we could end up having a good trade today with debooo...as he is watching the market closely like a red hawk today!!!!!
  • #1,214
  • Jun 16, 2009 7:32am Jun 16, 2009 7:32am
1.6489 broke
  • #1,215
  • Jun 16, 2009 7:33am Jun 16, 2009 7:33am
Quoting deboooo2005
1.6489 broke
Yes it has...now whats coming up? 6588 or a retrace first...?
  • #1,216
  • Jun 16, 2009 7:36am Jun 16, 2009 7:36am
Quoting Red.Hawk
Yes it has...now whats coming up? 6588 or a retrace first...?
i already long @ 1.6486
  • #1,217
  • Jun 16, 2009 7:37am Jun 16, 2009 7:37am
Quoting deboooo2005
1.6489 broke
It has broken through but the 1 Hour chart is showing overbought. We will need to be patient and buy after a pullback. The 4 hour chart is still very bullish and so the high of 1.66 is not out of the question.
You've got to be IN IT to WIN IT!
  • #1,218
  • Jun 16, 2009 7:38am Jun 16, 2009 7:38am
Am i completly wrong waiting for a short to happen?
Bad news for us = investors might not like it and return to the dollar as safe heaven ? It is far fetched?
I think it`s bad news for pound.... what do you guys think?

Edit: Becouse from what i think.... bad news at this point increases fear that the recession is not over... and the pound was up on investor enthusiasm mostly.
  • #1,219
  • Jun 16, 2009 7:44am Jun 16, 2009 7:44am
Long at 1.6465
  • #1,220
  • Jun 16, 2009 7:48am Jun 16, 2009 7:48am
All u guys very brave spirit...
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