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Cable Update (GBPUSD)

  • #139,081
  • Jun 22, 2009 11:11am Jun 22, 2009 11:11am
let me long for little calp here @ 6340 sl 6325 tp 6370-90.
  • #139,082
  • Jun 22, 2009 11:12am Jun 22, 2009 11:12am
Quoting grashid
my kind advice is..becarefull to add any short at this area...almost S2 area which selling vol keep reducing...will be good to let it be..unless M5 scalp u decide...Trade safe and make sure trade in what ur chart say...

But am monitor some future and it dropping like hell....no news will be smooth as what we see today...Good luck mate
Thanks Grashid! I went long at 1.6329, was stopped out with 5 pips profit. Am out and closing off for now. Thanks again!
Hero Traders Live to see their Accounts Die!
  • #139,083
  • Jun 22, 2009 11:12am Jun 22, 2009 11:12am
Quoting Ferick
Now +210 Floating Pips and counting. Looks we will break 1.63 before day is out. I think 1.6220 will be tested withing 24 hours. If it breaks I will hold my short until 1.5810. Otherwise I will cash out at 1.6220. With Equities falling 2-3% I expect the downtrend to continue.
You're with me bro, i still have 2 floating order while the other one already hit SL and made profit 150 pip

now i need to sleep , i already add SL on my floating order

happy green pips
  • #139,084
  • Jun 22, 2009 11:15am Jun 22, 2009 11:15am
Quoting grashid
mate..i observed ur call and since a couple of week...call here and there with keep changing...it become obvious when wormboy comes...could you pls post once u sure in what ur chart say..so that newbiew will know why they short and why they long....really in consistent view from you...am doubt why you have so much vouch there....

p/s: Just my opinion and no personal attack ok..keep it positive...
I posted last night that i shorted from 6505 because the whole world was thinking long .. I had a big hunch that since we clsed out last week so high up near resistance, and in the absence of news today, we might fall and it would turn into a technical day

I also said that i would be unable to post detailed charts since im on my laptop and i dont have my other MT4 charts here .. just plain ones with pivots

I posted my end of week anaylsis and posted a link to it in here .. its in journals under "jack C's trade plans and analysis"

Im finding out more about myself as a trader and that is that i am more of a short term swing trader/day trader and if i post something saying i just made 20 pips, everyone does it .. in this case, i may not have time to post a chart and help others into the trade .. sometimes im out before i could post anything anyway

I earned those vouchers from people that I learned from. I am refined what i learned from them into what suits me best.

With regard to wormboy .. he's a good trader .. more of a long term guy .. nothing wrong and he and I are keen on seeing GU at 5300 again .. his overall bias is short, so is mine .. its an opinion .. but my bias changes often since i like more of the fast action long short, long short .. and never strictly holding one direction

i learned alot frim him and sofia 101 back when i first started posting here

so i apologize for saying long here short there when my overall bias is short .. but thats me .. if this were audio chat where i could share my somputer screen and do live analysis, im sure you would enjoy trading with me very much .

and no offence taken
  • #139,085
  • Jun 22, 2009 11:16am Jun 22, 2009 11:16am
Quoting Angelina
let me long for little calp here @ 6340 sl 6325 tp 6370-90.
me too! first target 6365
  • #139,086
  • Jun 22, 2009 11:17am Jun 22, 2009 11:17am
Quoting Angelina
let me long for little calp here @ 6340 sl 6325 tp 6370-90.
moved to BE . I know it could hit my BE but I hat risk ^^.

4h chart showed good scalp.
  • #139,087
  • Jun 22, 2009 11:18am Jun 22, 2009 11:18am
Quoting simoneg
Thanks Grashid! I went long at 1.6329, was stopped out with 5 pips profit. Am out and closing off for now. Thanks again!
Good luck
  • #139,088
  • Jun 22, 2009 11:19am Jun 22, 2009 11:19am
Quoting Angelina
moved to BE . I know it could hit my BE but I hat risk ^^

nice move .. based on the daily range GU is putting up these days ,, she may pullback again and then we'll see another sell off

Trendline resistance at 6300 plus psych level .. expect buyers unless it breaks!
  • #139,089
  • Jun 22, 2009 11:20am Jun 22, 2009 11:20am
Quoting jack.canadia
I posted last night that i shorted from 6505 because the whole world was thinking long .. I had a big hunch that since we clsed out last week so high up near resistance, and in the absence of news today, we might fall and it would turn into a technical day

I also said that i would be unable to post detailed charts since im on my laptop and i dont have my other MT4 charts here .. just plain ones with pivots

I posted my end of week anaylsis and posted a link to it in here .. its in journals under "jack C's trade plans and analysis"

Im finding...
Very nice. Jack has made many brilliant calls. His analysis is spot on and I've made good profit from some of his calls (long term and short).
  • #139,090
  • Jun 22, 2009 11:21am Jun 22, 2009 11:21am
Quoting PiPaDoR
It's true... I'm looking right now... So do u have any position open right now? I just closed... I was not confortable...

I'm still short.. world bank statement was harsh...
  • #139,091
  • Jun 22, 2009 11:27am Jun 22, 2009 11:27am
Quoting dinxdinx
You're with me bro, i still have 2 floating order while the other one already hit SL and made profit 150 pip

now i need to sleep , i already add SL on my floating order

happy green pips

I think its worthwhile holding shorts that were taken above 1.65 given the severity of the drop in equities. Consolidation is possible around 1.63 before the next leg lower, but 1.622 will be tested and possible broken.
  • #139,092
  • Jun 22, 2009 11:32am Jun 22, 2009 11:32am
hey bro jack what is your Target??

Ub
  • #139,093
  • Jun 22, 2009 11:32am Jun 22, 2009 11:32am
BE long again at 6336. Move to BE again if I have chance.


I think 6260-70 is good place for long for me.

I also long EUR @ 3842 SL 3835 TP 3860.
  • #139,094
  • Jun 22, 2009 11:33am Jun 22, 2009 11:33am
GBP USD Update 22.45 GMT+7
as i post this morning and seeing the current move now will be expected more move down around 1.6150 but perhaps just for today range until next 01.30 price should continues down until 1.6298 - 1.6250 .I would like to enter Buy and hold for 50-100 pips till 10.00 GMT+7 June 23, 2009.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd june update 22.gif Size: 66 KB
  • #139,095
  • Jun 22, 2009 11:35am Jun 22, 2009 11:35am
Quoting Angelina
BE long again at 6336. Move to BE again if I have chance.


I think 6260-70 is good place for long for me.

I also long EUR @ 3842 SL 3835 TP 3860.
hit EUR too fast ^^.

GBP BE again .
  • #139,096
  • Jun 22, 2009 11:36am Jun 22, 2009 11:36am
Quoting jack.canadia
I posted last night that i shorted from 6505 because the whole world was thinking long .. I had a big hunch that since we clsed out last week so high up near resistance, and in the absence of news today, we might fall and it would turn into a technical day

I also said that i would be unable to post detailed charts since im on my laptop and i dont have my other MT4 charts here .. just plain ones with pivots

I posted my end of week anaylsis and posted a link to it in here .. its in journals under "jack C's trade plans and analysis"

Im finding...
I think I no need to recall in my post even i made early than u on friday while everybody look for 1.66-1.7-1.8...

Anyway..my suggestion for you to make a great call is just post ur swing overall Daily/H1/H4 and update with H1/M30/M15 for scalp and latest PA..so that some newbies will try to understand our call....and not confuse on that...

Reducing the number of post will give us more room in where and how the PA is look like and show our stability and consistency in analysis..this is not a signal service..this is the place where we should learn and know each other...

Am sure most people here will use some of 'good call' for their entry without knowing why and where. From that they wont able to improve themself and forever will depend will people call instead of keep learning to know how and why...this is my main point actually...

Anyway good analysis from you..keep it up and Take care mate
  • #139,097
  • Jun 22, 2009 11:38am Jun 22, 2009 11:38am
It's horrible out there for equities

but what it means for GBP I am not sure - there is such a thing as slumpflation and if the UK gets it worse than the US ?
The correlation between cable and equities might not hold forever..

I am keeping an open mind as correlations break suddenly and have caught me out before

'Caterpillar Inc. (CAT) said Thursday that its retail sales of machines in North America for the three-month rolling period ended May 31 were down 57% from last year's comparable period.'
  • #139,098
  • Edited 12:42pm Jun 22, 2009 12:05pm | Edited 12:42pm
Interesting fight on M15 between R - 1.6335 ( DP Day -1) vs S - 1.6358 ( DP Day -4) ! Who is the winner ? Imho says south will be prevailed, so I maybe cancel PO buy on 1.6315 ! But I don't say to go short on current level, more better stand a side, Monday always difficult for me !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #139,099
  • Jun 22, 2009 12:17pm Jun 22, 2009 12:17pm
waiting for this range to break before taking a position!
  • #139,100
  • Jun 22, 2009 12:19pm Jun 22, 2009 12:19pm
Quoting manize
Interesting fight on M15 between R - 1.6335 ( DP Day -1) vs S - 1.6358 ( DP Day -4) ! Who is the winner ? Imho says south will be prevailed, so I maybe cancel my PO buy on 1.6315 !
yap is it... slow but sue like turtle ..Thinks is Trader exam for patience section Lol
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