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Cable Update (GBPUSD)

  • #137,561
  • Jun 16, 2009 12:20pm Jun 16, 2009 12:20pm
Quoting calderone
Bearish butterfly on daily
Where would that thing project to? What target price on the short side?>
  • #137,562
  • Jun 16, 2009 12:25pm Jun 16, 2009 12:25pm
Quoting jack.canadia
Where would that thing project to? What target price on the short side?>

1.6072

Take it with a grain of salt, these are strange days.
  • #137,563
  • Jun 16, 2009 12:26pm Jun 16, 2009 12:26pm
Quoting calderone
1.6072

Take it with a grain of salt, these are strange days.
Of course .. Just wondering though! thanks!
  • #137,564
  • Jun 16, 2009 12:30pm Jun 16, 2009 12:30pm
Quoting jack.canadia
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.
I use too 1-2-3 method with lots of fibo indi's and must say that indeed are very good .Great informations you share with DOW charts . Appreciate your work .Now regarding g/u...it will go down like there is no tomorrow .Just watch and learn the patterns .ALL trend lines on my charts are allready broken by 2 hours ago .
  • #137,565
  • Jun 16, 2009 12:35pm Jun 16, 2009 12:35pm
Quoting Fibonatzi
I use too 1-2-3 method with lots of fibo indi's and must say that indeed are very good .Great informations you share with DOW charts . Appreciate your work .Now regarding g/u...it will go down like there is no tomorrow .Just watch and learn the patterns .ALL trend lines on my charts are allready broken by 2 hours ago .
I hope so!
  • #137,566
  • Jun 16, 2009 12:36pm Jun 16, 2009 12:36pm
Quoting jack.canadia
Of course .. Just wondering though! thanks!
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
  • #137,567
  • Jun 16, 2009 12:42pm Jun 16, 2009 12:42pm
Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
Are you in profit? I dont know where it will go. Down would be nice lol
  • #137,568
  • Jun 16, 2009 12:46pm Jun 16, 2009 12:46pm
Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub

Where are u long from?
  • #137,569
  • Jun 16, 2009 12:56pm Jun 16, 2009 12:56pm
http://www.forexfactory.com/attachme...1&d=1245174952
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  • #137,570
  • Jun 16, 2009 12:56pm Jun 16, 2009 12:56pm
Quoting ubaidahsan
hey jack it will go up or not or could be down more any idea please advice i am in long so please advice me then i take my desicion

thanks

Ub
Well, if i were u.. i wont take too much risk.. If Cable could make it to around 1.6450 area.. then i will close it in there.. if not.. better to save your trade around this level.. Good luck bro.
  • #137,571
  • Jun 16, 2009 12:57pm Jun 16, 2009 12:57pm
Quoting jgnorton
http://www.forexfactory.com/attachme...1&d=1245174952
????
  • #137,572
  • Jun 16, 2009 12:59pm Jun 16, 2009 12:59pm
What about the H&S on the 30min. Neckline around 6200's, looks valid...
  • #137,573
  • Jun 16, 2009 1:00pm Jun 16, 2009 1:00pm
Quoting HotPips
????
same here.. I dont understand.. so what??
  • #137,574
  • Jun 16, 2009 1:05pm Jun 16, 2009 1:05pm
If that H&S pattern is confirmed, we're gonna collapse from here, and Asia!!! Sm collapsing as well... but watch out, this cable reverses very quickly!
  • #137,575
  • Jun 16, 2009 1:12pm Jun 16, 2009 1:12pm
Quoting HotPips
If that H&S pattern is confirmed, we're gonna collapse from here, and Asia!!! Sm collapsing as well... but watch out, this cable reverses very quickly!
This is what i hoped for... Collapse to abyss.. to hell, or to whatever... aiming another 1.58 again..
  • #137,576
  • Jun 16, 2009 1:15pm Jun 16, 2009 1:15pm
I'm watching the SM as well, cable follows it closely. Seems to be highly correlated lately.
  • #137,577
  • Jun 16, 2009 1:22pm Jun 16, 2009 1:22pm
Well, this cable not coming down , maybe in Asia?
  • #137,578
  • Jun 16, 2009 1:26pm Jun 16, 2009 1:26pm
Quoting HotPips
Well, this cable not coming down , maybe in Asia?
Just wait.. If cable still play below level 1.6430 i think it will fall very soon..
  • #137,579
  • Jun 16, 2009 1:38pm Jun 16, 2009 1:38pm
not much time left...but anything can happen...I have a short position too...any possible catalyst for another sharpe move ?
  • #137,580
  • Jun 16, 2009 1:55pm Jun 16, 2009 1:55pm
Hi, I think there is a H & S forming on the hourly chart in cable,if it it does hold below 1.6480 for today we will see a cable yo-yo-ing down to 1.5800, i had a short on today at 1.6470 and came out with 50 pips as i trailed my stop loss. i find that trailing stops in this time where cable is on crack helps preserve some of my profits. does any one else use trend signal?
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