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Cable Update (GBPUSD)

  • #137,801
  • Jun 17, 2009 11:46am Jun 17, 2009 11:46am
Quoting jack.canadia
testing the trendline again
ur conclusion?
  • #137,802
  • Jun 17, 2009 11:47am Jun 17, 2009 11:47am
in response to the stock market rising .. the dow did close below its 200 SMA yesterday and this may prompt a pullback to re-test that level before falling. just an idea

i am still bearish on g/u
  • #137,803
  • Jun 17, 2009 11:48am Jun 17, 2009 11:48am
closed +4 gonna wait a few
  • #137,804
  • Jun 17, 2009 11:49am Jun 17, 2009 11:49am
Quoting jack.canadia
in response to the stock market rising .. the dow did close below its 200 SMA yesterday and this may prompt a pullback to re-test that level before falling. just an idea

i am still bearish on g/u
1.6350 approaching

patience patience
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #137,805
  • Jun 17, 2009 11:50am Jun 17, 2009 11:50am
Quoting grashid
ur conclusion?
my conclusion was based on the fact that before trading one should know that a re-test prompts an entry option...

the trendline was broken earlier, and is now being re-tested .. this is an opportunity to short if price does not break back up above the trendline

no explanation was necessary i dont think
  • #137,806
  • Jun 17, 2009 11:51am Jun 17, 2009 11:51am
lol
  • #137,807
  • Jun 17, 2009 11:52am Jun 17, 2009 11:52am
Quoting djambazov84
1.6350 approaching

patience patience
a spike to there would be nice... a beautiful place to try a short .. 50% and resistance
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  • #137,808
  • Jun 17, 2009 11:54am Jun 17, 2009 11:54am
Quoting jack.canadia
testing the trendline again
nice little reaction to it .. grabbed a quick 20
  • #137,809
  • Jun 17, 2009 11:54am Jun 17, 2009 11:54am
Quoting jack.canadia
a spike to there would be nice... a beautiful place to try a short .. 50% and resistance
I'm going to wait and see if it does. PA says a lot and obongo is going to speak.
  • #137,810
  • Jun 17, 2009 11:55am Jun 17, 2009 11:55am
Although long @ .6266, but the room still down to .6205 today, now I have a 61pips in pocket in already, a struggle indeed. it was lucky or not I am not sure, but the bonus came to me.
  • #137,811
  • Jun 17, 2009 11:57am Jun 17, 2009 11:57am
some resistance at 6325 too that helped that little dip..

6350 looking fresh still
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  • #137,812
  • Jun 17, 2009 11:58am Jun 17, 2009 11:58am
Quoting calderone
I'm going to wait and see if it does. PA says a lot and obongo is going to speak.
thanks for the heads up .. where are you watching this at?
  • #137,813
  • Jun 17, 2009 11:59am Jun 17, 2009 11:59am
Quoting Exciter135
Although long @ .6266, but the room still down to .6205 today, now I have a 61pips in pocket in already, a struggle indeed. it was lucky or not I am not sure, but the bonus came to me.
was that a 1-2-3 entry?
  • #137,814
  • Jun 17, 2009 12:01pm Jun 17, 2009 12:01pm
Quoting jack.canadia
was that a 1-2-3 entry?
No, it was at daily SMA 5 close. Sorry, at the daily low SMA 5 Jack, a PA that I learnt from Auslanco combined with the Murry Math at 2/8 level. I couldn'd be enough patient to wait until a 1-2-3 setup. Just a countertrend but in the reliable zone.
  • #137,815
  • Jun 17, 2009 12:05pm Jun 17, 2009 12:05pm
Quoting Exciter135
No, it was at daily SMA 5 close.
oh nice trade! .. i did take a long there but was deviating from my plan so closed it

the strong thrust up at 6220 setup a nice 1-2-3 pattern with a good entry at the #3 around a 61.8

are you still holding the trade?
  • #137,816
  • Edited 12:07pm Jun 17, 2009 12:06pm | Edited 12:07pm
Quoting Exciter135
No, it was at daily SMA 5 close. Sorry, at the SMA 5 close low Jack, a PA that I learnt from Auslanco combined with the Murry Math at 2/8 level. I couldn'd be enough patient to wait until a 1-2-3 setup. Just a countertrend but in the reliable zone.
On my point of view this week, Cable and Euro should not be traded. I put my eye to EJ an GJ and prepare to go LONG. I say this week.

Do you think so man.

Pham.
  • #137,817
  • Jun 17, 2009 12:10pm Jun 17, 2009 12:10pm
anyone see the taking of pelham 123?
  • #137,818
  • Jun 17, 2009 12:11pm Jun 17, 2009 12:11pm
Quoting jack.canadia
thanks for the heads up .. where are you watching this at?
Sorry, was looking at loonie. broker provided news I think. I also heard a warning on the eur thread to stay out around this time. Not sure.
  • #137,819
  • Jun 17, 2009 12:12pm Jun 17, 2009 12:12pm
Quoting Pham
On my point of view this week, Cable and Euro should not be traded. I put my eye to EJ an GJ and prepare to go LONG. I say this week.

Do you think so man.

Pham.

I like the long EY and GY only to get the shoulder up to 159 before renewed selling pressure to complete the HS pattern. Interesting to see how it works out. Not great at trading the GY so i dont' know if 155 is good enough SL.
  • #137,820
  • Jun 17, 2009 12:12pm Jun 17, 2009 12:12pm
Quoting jack.canadia
oh nice trade! .. i did take a long there but was deviating from my plan so closed it

the strong thrust up at 6220 setup a nice 1-2-3 pattern with a good entry at the #3 around a 61.8

are you still holding the trade?
Took profit already Jack, I hope i would materialise following a pullpack to .6327 at close SMA 5 on my M30 after the long, but it droped more then a pullback again and the market became less active and I quickly closed my long at at .6237 Jack, it was a lucky after many hours of heavy stress.
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