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Cable Update (GBPUSD)

  • #137,541
  • Jun 16, 2009 10:06am Jun 16, 2009 10:06am
I was out for a couple of hours and cable has turned again. Thank god I moved my sl to 6390 to protect profits .

I still think it's wave 2 of the retrace. I'll find out soon enough.
  • #137,542
  • Jun 16, 2009 10:07am Jun 16, 2009 10:07am
Quoting AndyPass
Looks like it's ranging between 1.6375 - 1.6407.

Will go long or short on the breakout.
Nice!!!

TP1 : 1.6492
TP2 : 1.6517
TP3 : 1.6587
  • #137,543
  • Jun 16, 2009 10:10am Jun 16, 2009 10:10am
stop is the last hi

I think it is a chance
Attached Image (click to enlarge)
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  • #137,544
  • Jun 16, 2009 10:21am Jun 16, 2009 10:21am
Quoting kareemmalki
stop is the last hi

I think it is a chance
Forex trading..jus logg on...

Sonic
  • #137,545
  • Jun 16, 2009 10:24am Jun 16, 2009 10:24am
last short for today.. 1.6470.. let see how far it can go..
  • #137,546
  • Jun 16, 2009 10:26am Jun 16, 2009 10:26am
Quoting biax
tested add, based on Magenta MA, cannot passed and deviation 0.5 cannot break.

Attachment
1st buy closed at BE.
2rd buy SL @ BE+1

good, no pressure, my BE+1 still safe.
100 pips saved..



happy green pips all!!!
  • #137,547
  • Jun 16, 2009 11:04am Jun 16, 2009 11:04am
Quoting sidelli
last short for today.. 1.6470.. let see how far it can go..
Hopefully those of you from last night that were short protected your short profits before this occurred.

I view this as a pullback and opportunity to short. Its deeper than 61.8% which is expected countertrend so lets see how it plays out. IMO, the head and shoulders pattern is still valid and 6240 area serves at the neckline based on a 4-hour close. 6500 area also has some visible congestion there as well so could serve as some nice resistance. To me this H/S is not 'real' on a sustained break above 6500.

See chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.jpg Size: 136 KB
  • #137,548
  • Jun 16, 2009 11:43am Jun 16, 2009 11:43am
agree with you 100% that is my target with 2 open positions
  • #137,549
  • Jun 16, 2009 11:45am Jun 16, 2009 11:45am
Quoting kareemmalki
agree with you 100% that is my target with 2 open positions
Short or long target? and what price?
  • #137,550
  • Jun 16, 2009 11:48am Jun 16, 2009 11:48am
Quoting sidelli
last short for today.. 1.6470.. let see how far it can go..
hit TP 50 pips,.. enough for today..
  • #137,551
  • Jun 16, 2009 11:49am Jun 16, 2009 11:49am
Bearish butterfly on daily
Attached Image (click to enlarge)
Click to Enlarge Name: bear butt.gif Size: 40 KB
  • #137,552
  • Jun 16, 2009 11:52am Jun 16, 2009 11:52am
Mother BEAR has finally arrived.IMO here begins the real downtrend .
  • #137,553
  • Jun 16, 2009 11:54am Jun 16, 2009 11:54am
Quoting sidelli
hit TP 50 pips,.. enough for today..
well done, bro. short at good retracement.
  • #137,554
  • Jun 16, 2009 11:54am Jun 16, 2009 11:54am
Quoting Fibonatzi
Mother BEAR has finally arrived.IMO here begins the real downtrend .
Calderone, very nice! Fibo, I agree!.

If the DOW can close below 8600 today, I feel there is much more downside in the stock market and as such we will see USD strengthen over the summer.

You can read here about it. I've been updating daily charts on the DOW...

http://www.forexfactory.com/showthre...=173611&page=2
  • #137,555
  • Jun 16, 2009 12:01pm Jun 16, 2009 12:01pm
Possible 1-2-3 setup and trendline break... Take a re-test (black lines) as your short entry if you look to play either one of these.

I will play both on 5-minute pull backs to the breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.jpg Size: 86 KB
  • #137,556
  • Jun 16, 2009 12:03pm Jun 16, 2009 12:03pm
Quoting jack.canadia
Calderone, very nice! Fibo, I agree!.

If the DOW can close below 8600 today, I feel there is much more downside in the stock market and as such we will see USD strengthen over the summer.

You can read here about it. I've been updating daily charts on the DOW...

http://www.forexfactory.com/showthre...=173611&page=2
Hi Jack, hope u well. Today on my M15 & M30, 1-2-3 setup very clear on DP S1, and after that it rocketsky to DP, DP R1, and nearly to DP R2. yr good bro
  • #137,557
  • Jun 16, 2009 12:07pm Jun 16, 2009 12:07pm
Quoting jack.canadia
Calderone, very nice! Fibo, I agree!.

If the DOW can close below 8600 today, I feel there is much more downside in the stock market and as such we will see USD strengthen over the summer.

You can read here about it. I've been updating daily charts on the DOW...

http://www.forexfactory.com/showthre...=173611&page=2
that's sound great... in this summer we will see TRANSFORMER.. it will revenge the fallen..
  • #137,558
  • Jun 16, 2009 12:12pm Jun 16, 2009 12:12pm
Quoting jack.canadia
Possible 1-2-3 setup and trendline break... Take a re-test (black lines) as your short entry if you look to play either one of these.

I will play both on 5-minute pull backs to the breakout.
. The market seems less active now so could we play with it, Jack?
  • #137,559
  • Jun 16, 2009 12:13pm Jun 16, 2009 12:13pm
Quoting Exciter135
Hi Jack, hope u well. Today on my M15 & M30, 1-2-3 setup very clear on DP S1, and after that it rocketsky to DP, DP R1, and nearly to DP R2. yr good bro
Yes i saw that! It was a good play since the trend is still up, but weakening with that double top. And that 1-2-3 was good for both an aggressive and conservative entry!

I fell asleep just before that point in time so I missed it so I hope you caught some.

These patterns along with pivots are amazing.
  • #137,560
  • Jun 16, 2009 12:15pm Jun 16, 2009 12:15pm
Quoting Exciter135
. The market seems less active now so could we play with it, Jack?
Well it's less active since the London session is closed since 11am EST ... NY closes in about 2 hours and 45 minutes so anything can happen still.
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