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Cable Update (GBPUSD)

  • #137,761
  • Jun 17, 2009 8:18am Jun 17, 2009 8:18am
Quoting Bull_Bear
On strong moves and shorts out in force, I like the idea of 38.2% retracement to get back in position. I think shorts momentum will continue after it hits 38.2% so i want in early, if not than as long as I'm with the trend I not too fuss about getting in at the very peak, if you know wot i mean.
did u get on board with the 38.2 pullback we just had? also retested a trendline as well.
  • #137,762
  • Jun 17, 2009 8:21am Jun 17, 2009 8:21am
Quoting jack.canadia
I started to scale into a short position at 6300 on a retest of this line and 38.2 retrace.
BE on this one .. I hope that was the pullback I was looking for .. fell just shy of 6320 so that may have to be good enough.
  • #137,763
  • Jun 17, 2009 8:22am Jun 17, 2009 8:22am
Quoting jack.canadia
did u get on board with the 38.2 pullback we just had? also retested a trendline as well.
No, still waiting Jack... I think it will have another shot at it, so order still pending @ 1.6320
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,764
  • Jun 17, 2009 8:24am Jun 17, 2009 8:24am
Quoting jack.canadia
BE on this one .. I hope that was the pullback I was looking for .. fell just shy of 6320 so that may have to be good enough.
That was good. I missed the entry. But according to elliot wavecount, there should be another wave up. Hopefully, I'll catch it this time.
  • #137,765
  • Jun 17, 2009 8:25am Jun 17, 2009 8:25am
No interisting until next 1 hour... too many candle confusing, my long just kick out with +2 before +48 greedy
  • #137,766
  • Jun 17, 2009 8:27am Jun 17, 2009 8:27am
Alright guys and girls, I'm outta here..... time to catch some zzz's.

Later guys..... keep it green!
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,767
  • Jun 17, 2009 8:29am Jun 17, 2009 8:29am
Quoting 4cfx
That was good. I missed the entry. But according to elliot wavecount, there should be another wave up. Hopefully, I'll catch it this time.
yeah i think theres another push ahead as well .. i just like picking away on the way up

according to elliot are you in line with 6320/50 to short?
  • #137,768
  • Jun 17, 2009 8:31am Jun 17, 2009 8:31am
Quoting Bull_Bear
Alright guys and girls, I'm outta here..... time to catch some zzz's.

Later guys..... keep it green!
Me too..

headache



Quoting jack.canadia
I started to scale into a short position at 6300 on a retest of this line and 38.2 retrace.
kick out too...
  • #137,769
  • Jun 17, 2009 8:38am Jun 17, 2009 8:38am
that last retracement down stopped dead on the 50fib of the last move up which might mean 1.6350-60 could be on the table
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #137,770
  • Jun 17, 2009 8:39am Jun 17, 2009 8:39am
Quoting biax
Me too..

headache





kick out too...
Kick out??
  • #137,771
  • Jun 17, 2009 8:39am Jun 17, 2009 8:39am
Quoting Bull_Bear
On strong moves and shorts out in force, I like the idea of 38.2% retracement to get back in position. I think shorts momentum will continue after it hits 38.2% so i want in early, if not than as long as I'm with the trend I not too fuss about getting in at the very peak, if you know wot i mean.
she already touch H4 50%(1.5800-1.6628) fib and on the way back to test @ 23.6% ~ 164.20 area....and am taking small long @1.627 for 1.6410 target with SL@50% =1.6210..see how she react..otherwise if H4 close below 50% 1.61 is my last target for [email protected]% area
  • #137,772
  • Jun 17, 2009 8:42am Jun 17, 2009 8:42am
Quoting grashid
she already touch H4 50%(1.5800-1.6628) fib and on the way back to test @ 23.6% ~ 164.20 area....
thats a stretch .. that level has been flirted with many times already

i think the bottom at 50% will fall out sooner than later, unless someone comes out and makes comments

ive made nothing but money taking the short bus and will continue to do so until a new high is formed
  • #137,773
  • Jun 17, 2009 8:43am Jun 17, 2009 8:43am
Quoting biax
Me too..

headache





kick out too...
stopped out yes .. re-short yes .. ive made 30 pips in the last 40 minutes playing around shorting 6300.
  • #137,774
  • Jun 17, 2009 8:46am Jun 17, 2009 8:46am
Quoting jack.canadia
stopped out yes .. re-short yes .. ive made 30 pips in the last 40 minutes playing around shorting 6300.
I'm still waiting on the 1.6320 area for my sell, kind of wish I had taken a small short as well......
  • #137,775
  • Jun 17, 2009 8:49am Jun 17, 2009 8:49am
Quoting calderone
I'm still waiting on the 1.6320 area for my sell, kind of wish I had taken a small short as well......
i get a little more riskier after having big gains over night .. like last night

this is all scalping so far but looks as if she may start tumbling again.
  • #137,776
  • Jun 17, 2009 8:50am Jun 17, 2009 8:50am
Quoting jack.canadia
thats a stretch .. that level has been flirted with many times already

i think the bottom at 50% will fall out sooner than later, unless someone comes out and makes comments

ive made nothing but money taking the short bus and will continue to do so until a new high is formed
understand..but if H1 able to close below that H4 38.2%...but
I saw H1 on the way to formed and inverted doji and perhap H1 close above 1.63...

am watch out M15 with some buy vol keep decresing..but still believe she will make a panic call...so nothing loose if my SL short hit as i have my last short for 1.61 target...
  • #137,777
  • Jun 17, 2009 8:52am Jun 17, 2009 8:52am
Quoting grashid
understand..but if H1 able to close below that H4 38.2%...I saw H1 on the way to formed and inverted doji and perhap H1 close above 1.63...

am watch out M15 with some buy vol keep decresing..but still believe she will make a panic call...so nothing loose if my SL short hit as i have my last short for 1.61 target...
metatrader volume is tick volume, and is not 'real' volume .. for real volume you need futures data, which u have to pay for
  • #137,778
  • Jun 17, 2009 8:56am Jun 17, 2009 8:56am
Quoting jack.canadia
i get a little more riskier after having big gains over night .. like last night

this is all scalping so far but looks as if she may start tumbling again.
Agreed. Looks shifting for the second time this month. Close below 6300 today and it's likely 6600 is ancient history.
5300 jack?
Thank You
  • #137,779
  • Jun 17, 2009 8:57am Jun 17, 2009 8:57am
if its going to bounce it will do so from here.
  • #137,780
  • Jun 17, 2009 8:58am Jun 17, 2009 8:58am
Quoting jack.canadia
stopped out yes .. re-short yes .. ive made 30 pips in the last 40 minutes playing around shorting 6300.
I just made 20 pips in the last 30 minutes .

good luck jack!

happy green pips...

cu tomorrow.
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